Global Propylene Oxide Market 2024-2028

The propylene oxide market is forecasted to grow by USD 6.24 bn during 2023-2028, accelerating at a CAGR of 4.72% during the forecast period. The report on the propylene oxide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing demand for polyurethane, growing demand for lightweight materials, and rapid economic growth in APAC.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.52%
CAGR	4.72%
Incremental Value	$6.24bn

Technavio's propylene oxide market is segmented as below:

By Application

Polyether polyols
Propylene glycols
Glycol ethers
Others

By End-user

Automotive
Building and construction
Textile and furnishing
Others

By Geographical Landscape

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the growth in global automotive industry as one of the prime reasons driving the propylene oxide market growth during the next few years. Also, increasing use of polyurethane foam and technological advancements will lead to sizable demand in the market.

The report on the propylene oxide market covers the following areas:

Propylene oxide market sizing
Propylene oxide market forecast
Propylene oxide market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading propylene oxide market vendors that include Archer Daniels Midland Co., BASF SE, Befar Group Co. Ltd., Dow Chemical Co., Evonik Industries AG, Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, LyondellBasell Industries N.V., Manali Petrochemicals Ltd., Merck and Co. Inc., Repsol SA, Sadara Chemical Co., Shell plc, SK Chemicals Co. Ltd., Sumitomo Chemical Co. Ltd., Tokuyama Corp., Wanhua Chemical Group Co. Ltd., Balchem Inc., and thyssenkrupp AG. Also, the propylene oxide market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76950

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global propylene oxide market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global propylene oxide market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Polyether polyols - Market size and forecast 2023-2028
Exhibit 34: Chart on Polyether polyols - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Polyether polyols - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Polyether polyols - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Polyether polyols - Year-over-year growth 2023-2028 (%)
6.4 Propylene glycols - Market size and forecast 2023-2028
Exhibit 38: Chart on Propylene glycols - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Propylene glycols - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Propylene glycols - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Propylene glycols - Year-over-year growth 2023-2028 (%)
6.5 Glycol ethers - Market size and forecast 2023-2028
Exhibit 42: Chart on Glycol ethers - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Glycol ethers - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Glycol ethers - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Glycol ethers - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ billion)
Exhibit 51: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 52: Chart on End-user - Market share 2023-2028 (%)
Exhibit 53: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 54: Chart on Comparison by End-user
Exhibit 55: Data Table on Comparison by End-user
7.3 Automotive - Market size and forecast 2023-2028
Exhibit 56: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
7.4 Building and construction - Market size and forecast 2023-2028
Exhibit 60: Chart on Building and construction - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Building and construction - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Building and construction - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Building and construction - Year-over-year growth 2023-2028 (%)
7.5 Textile and furnishing - Market size and forecast 2023-2028
Exhibit 64: Chart on Textile and furnishing - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Textile and furnishing - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Textile and furnishing - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Textile and furnishing - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Exhibit 72: Market opportunity by End-user ($ billion)
Exhibit 73: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 75: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 76: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 77: Chart on Geographic comparison
Exhibit 78: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 India - Market size and forecast 2023-2028
Exhibit 115: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 116: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 117: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on India - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 119: Market opportunity By Geographical Landscape ($ billion)
Exhibit 120: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 121: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 123: Overview on factors of disruption
11.4 Industry risks
Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 125: Vendors covered
12.2 Market positioning of vendors
Exhibit 126: Matrix on vendor position and classification
12.3 Balchem Inc.
Exhibit 127: Balchem Inc. - Overview
Exhibit 128: Balchem Inc. - Business segments
Exhibit 129: Balchem Inc. - Key offerings
Exhibit 130: Balchem Inc. - Segment focus
12.4 BASF SE
Exhibit 131: BASF SE - Overview
Exhibit 132: BASF SE - Business segments
Exhibit 133: BASF SE - Key news
Exhibit 134: BASF SE - Key offerings
Exhibit 135: BASF SE - Segment focus
12.5 Befar Group Co. Ltd.
Exhibit 136: Befar Group Co. Ltd. - Overview
Exhibit 137: Befar Group Co. Ltd. - Product / Service
Exhibit 138: Befar Group Co. Ltd. - Key offerings
12.6 Dow Chemical Co.
Exhibit 139: Dow Chemical Co. - Overview
Exhibit 140: Dow Chemical Co. - Business segments
Exhibit 141: Dow Chemical Co. - Key news
Exhibit 142: Dow Chemical Co. - Key offerings
Exhibit 143: Dow Chemical Co. - Segment focus
12.7 Evonik Industries AG
Exhibit 144: Evonik Industries AG - Overview
Exhibit 145: Evonik Industries AG - Business segments
Exhibit 146: Evonik Industries AG - Key news
Exhibit 147: Evonik Industries AG - Key offerings
Exhibit 148: Evonik Industries AG - Segment focus
12.8 INEOS Group Holdings SA
Exhibit 149: INEOS Group Holdings SA - Overview
Exhibit 150: INEOS Group Holdings SA - Business segments
Exhibit 151: INEOS Group Holdings SA - Key news
Exhibit 152: INEOS Group Holdings SA - Key offerings
Exhibit 153: INEOS Group Holdings SA - Segment focus
12.9 LyondellBasell Industries N.V.
Exhibit 154: LyondellBasell Industries N.V. - Overview
Exhibit 155: LyondellBasell Industries N.V. - Business segments
Exhibit 156: LyondellBasell Industries N.V. - Key news
Exhibit 157: LyondellBasell Industries N.V. - Key offerings
Exhibit 158: LyondellBasell Industries N.V. - Segment focus
12.10 Merck and Co. Inc.
Exhibit 159: Merck and Co. Inc. - Overview
Exhibit 160: Merck and Co. Inc. - Business segments
Exhibit 161: Merck and Co. Inc. - Key news
Exhibit 162: Merck and Co. Inc. - Key offerings
Exhibit 163: Merck and Co. Inc. - Segment focus
12.11 Repsol SA
Exhibit 164: Repsol SA - Overview
Exhibit 165: Repsol SA - Product / Service
Exhibit 166: Repsol SA - Key offerings
12.12 Sadara Chemical Co.
Exhibit 167: Sadara Chemical Co. - Overview
Exhibit 168: Sadara Chemical Co. - Product / Service
Exhibit 169: Sadara Chemical Co. - Key offerings
12.13 Shell plc
Exhibit 170: Shell plc - Overview
Exhibit 171: Shell plc - Business segments
Exhibit 172: Shell plc - Key offerings
Exhibit 173: Shell plc - Segment focus
12.14 SK Chemicals Co. Ltd.
Exhibit 174: SK Chemicals Co. Ltd. - Overview
Exhibit 175: SK Chemicals Co. Ltd. - Product / Service
Exhibit 176: SK Chemicals Co. Ltd. - Key offerings
12.15 Sumitomo Chemical Co. Ltd.
Exhibit 177: Sumitomo Chemical Co. Ltd. - Overview
Exhibit 178: Sumitomo Chemical Co. Ltd. - Business segments
Exhibit 179: Sumitomo Chemical Co. Ltd. - Key offerings
Exhibit 180: Sumitomo Chemical Co. Ltd. - Segment focus
12.16 thyssenkrupp AG
Exhibit 181: thyssenkrupp AG - Overview
Exhibit 182: thyssenkrupp AG - Business segments
Exhibit 183: thyssenkrupp AG - Key offerings
Exhibit 184: thyssenkrupp AG - Segment focus
12.17 Wanhua Chemical Group Co. Ltd.
Exhibit 185: Wanhua Chemical Group Co. Ltd. - Overview
Exhibit 186: Wanhua Chemical Group Co. Ltd. - Product / Service
Exhibit 187: Wanhua Chemical Group Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations