Propylene Oxide Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently published an in-depth report on the global Propylene Oxide Market, providing valuable insights into its dynamics, key growth drivers, opportunities, and challenges. This report presents a thorough analysis of the market's structure, offering a detailed examination of its current and future trends.

Propylene Oxide Market - Key Insights

Propylene Oxide Market Size (2025E): US$ 19.8 Bn
Projected Market Value (2032F): US$ 28.6 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 5.4%

Propylene Oxide Market - Report Scope:

The global Propylene Oxide Market encompasses a vital chemical compound primarily used in the production of polyurethane, antifreeze, and other chemicals. It serves key industries including automotive, construction, textiles, and the manufacturing of flexible and rigid foams. As a critical component in the production of polyols and other chemical derivatives, propylene oxide is increasingly employed in manufacturing a range of essential products like adhesives, sealants, coatings, and elastomers. The market's growth is fueled by demand across various end-user sectors, with ongoing innovations enhancing its usage in the chemical industry.

Market Growth Drivers:

Several factors are driving the growth of the Propylene Oxide Market. The increasing demand for polyurethane materials in automotive and construction sectors is one of the major contributors. Propylene oxide is also widely used in manufacturing antifreeze products, particularly in colder regions, driving consistent demand. The expansion of the global automotive industry, particularly in electric vehicles, has further boosted the requirement for lightweight, durable materials, where polyurethane plays a key role. Additionally, the growing focus on sustainable and eco-friendly manufacturing processes has led to innovations in propylene oxide production, enabling enhanced performance with reduced environmental impact.

Market Restraints:

Despite strong growth prospects, the Propylene Oxide Market faces several challenges. Fluctuating raw material prices, particularly for propylene, can lead to volatility in production costs and affect overall market pricing. Additionally, the growing focus on environmental sustainability and stricter regulations regarding chemical production processes present challenges for manufacturers. The potential for alternatives such as bio-based polyols and other green chemistry solutions also threatens market expansion. Balancing cost-efficiency with sustainability requirements remains a key hurdle for the industry.

Market Opportunities:

The market presents significant opportunities driven by advancements in production processes. The development of new manufacturing technologies, such as the hydrogen peroxide-based process for propylene oxide production, offers enhanced operational efficiency and lower carbon footprints. Furthermore, the increasing adoption of propylene oxide in the production of advanced materials for industries like aerospace and electronics provides a robust avenue for growth. The rise of emerging markets, particularly in Asia Pacific, is also expected to drive substantial demand for propylene oxide, as industries in these regions continue to expand rapidly.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Propylene Oxide Market globally?
Which industries are leading the adoption of propylene oxide, and what applications are most prominent?
How are innovations in manufacturing processes affecting the competitive landscape of the Propylene Oxide Market?
Who are the key players in the Propylene Oxide Market, and what strategies are they employing to maintain market leadership?
What are the emerging trends and future prospects for propylene oxide in industrial applications?

Competitive Intelligence and Business Strategy:

Leading players in the global Propylene Oxide Market, including BASF SE, Dow Inc., and Huntsman Corporation, focus on strategic collaborations, research and development, and product innovation to maintain a competitive edge. These companies are exploring new production methods to improve yield and reduce environmental impact. Partnerships with key end-users, such as automotive manufacturers and construction firms, are essential to the continued growth of the market. Investments in sustainable production methods, such as bio-based propylene oxide, and the development of new application technologies are helping these companies solidify their positions in the global market.

Key Companies Profiled:

LyondellBasell Industries
The Dow Chemicals
SK Chemicals
Royal Dutch Shell
Sumitomo Chemical Co., Ltd.
BASF SE
Huntsman International LLC.
AGC Chemicals
Repsol
CSPC Pharmaceutical Group Limited
Air Liquide
Air Products and Chemicals, Inc.
China Petrochemical Corporation
Eastman Chemical Company
Mitsui Chemicals, Inc.
LOTTE CHEMICAL CORPORATION
PetroChina International Co., Ltd.
Ineos Group Limited
Tokuyama Corporation
Hanwha Group

Market Segmentation

By Production Process

Chlorohydrin Process
Styrene Monomer Process
TBA Co-product Process
Cumene-based Process
Hydrogen Peroxide Process

By Application

Polyether Polyols
Propylene Glycols
Propylene Glycol Ethers

By End Use

Automotive
Building and Construction
Textiles and Furnishing
Chemicals and Pharmaceuticals

By Region

North America
Latin America
Europe
South Asia and Oceania
East Asia
Middle East and Africa

Product Code: PMRREP10190

1. Executive Summary

1.1. Global Propylene Oxide Market Snapshot, 2025 - 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Application Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. COVID-19 Impact Analysis
2.4. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Regulatory Landscape
3.2. Value Chain Analysis
3.3. Consumer Behavior Analysis
3.4. PESTLE Analysis
3.5. Porter's Five Force Analysis

4. Global Propylene Oxide Market Outlook

4.1. Market Size (US$ Bn) and Y-o-Y Growth
4.2. Absolute $ Opportunity
4.3. Market Size (US$ Bn) Analysis and Forecast
- 4.3.1. Historical Market Size (US$ Bn) Analysis, 2019 - 2024
- 4.3.2. Current Market Size (US$ Bn) Analysis and Forecast, 2025 - 2032
4.4. Global Propylene Oxide Market Outlook: Production Process
- 4.4.1. Historical Market Size (US$ Bn) Analysis, By Production Process, 2019 - 2024
- 4.4.2. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
  - 4.4.2.1. Chlorohydrin Process
  - 4.4.2.2. Styrene Monomer Process
  - 4.4.2.3. TBA Co-product Process
  - 4.4.2.4. Cumene-based Process
  - 4.4.2.5. Hydrogen Peroxide Process
- 4.4.3. Market Attractiveness Analysis: Production Process
4.5. Global Propylene Oxide Market Outlook: End Use
- 4.5.1. Historical Market Size (US$ Bn) Analysis, By End Use, 2019 - 2024
- 4.5.2. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
  - 4.5.2.1. Automotive
  - 4.5.2.2. Building and Construction
  - 4.5.2.3. Textiles and Furnishing
  - 4.5.2.4. Chemicals and Pharmaceuticals
- 4.5.3. Market Attractiveness Analysis: End Use
4.6. Global Propylene Oxide Market Outlook: Application
- 4.6.1. Historical Market Size (US$ Bn) Analysis, By Application, 2019 - 2024
- 4.6.2. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
  - 4.6.2.1. Polyether Polyols
  - 4.6.2.2. Propylene Glycols
  - 4.6.2.3. Propylene Glycol Ethers
- 4.6.3. Market Attractiveness Analysis: Application

5. Global Propylene Oxide Market Outlook: Region

5.1. Historical Market Size (US$ Bn) Analysis, By Region, 2019 - 2024
5.2. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2025 - 2032
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. East Asia
- 5.2.4. South Asia and Oceania
- 5.2.5. Latin America
- 5.2.6. Middle East & Africa
5.3. Market Attractiveness Analysis: Region

6. North America Propylene Oxide Market Outlook

6.1. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 6.1.1. By Country
- 6.1.2. By Production Process
- 6.1.3. By End Use
- 6.1.4. By Application
6.2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 6.2.1. U.S.
- 6.2.2. Canada
6.3. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
- 6.3.1. Chlorohydrin Process
- 6.3.2. Styrene Monomer Process
- 6.3.3. TBA Co-product Process
- 6.3.4. Cumene-based Process
- 6.3.5. Hydrogen Peroxide Process
6.4. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
- 6.4.1. Automotive
- 6.4.2. Building and Construction
- 6.4.3. Textiles and Furnishing
- 6.4.4. Chemicals and Pharmaceuticals
6.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 6.5.1. Polyether Polyols
- 6.5.2. Propylene Glycols
- 6.5.3. Propylene Glycol Ethers
6.6. Market Attractiveness Analysis

7. Europe Propylene Oxide Market Outlook

7.1. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 7.1.1. By Country
- 7.1.2. By Production Process
- 7.1.3. By End Use
- 7.1.4. By Application
7.2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 7.2.1. Germany
- 7.2.2. France
- 7.2.3. U.K.
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
- 7.2.7. Rest of Europe
7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
- 7.3.1. Chlorohydrin Process
- 7.3.2. Styrene Monomer Process
- 7.3.3. TBA Co-product Process
- 7.3.4. Cumene-based Process
- 7.3.5. Hydrogen Peroxide Process
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
- 7.4.1. Automotive
- 7.4.2. Building and Construction
- 7.4.3. Textiles and Furnishing
- 7.4.4. Chemicals and Pharmaceuticals
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 7.5.1. Polyether Polyols
- 7.5.2. Propylene Glycols
- 7.5.3. Propylene Glycol Ethers
7.6. Market Attractiveness Analysis

8. East Asia Propylene Oxide Market Outlook

8.1. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 8.1.1. By Country
- 8.1.2. By Production Process
- 8.1.3. By End Use
- 8.1.4. By Application
8.2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 8.2.1. China
- 8.2.2. Japan
- 8.2.3. South Korea
8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
- 8.3.1. Chlorohydrin Process
- 8.3.2. Styrene Monomer Process
- 8.3.3. TBA Co-product Process
- 8.3.4. Cumene-based Process
- 8.3.5. Hydrogen Peroxide Process
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
- 8.4.1. Automotive
- 8.4.2. Building and Construction
- 8.4.3. Textiles and Furnishing
- 8.4.4. Chemicals and Pharmaceuticals
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 8.5.1. Polyether Polyols
- 8.5.2. Propylene Glycols
- 8.5.3. Propylene Glycol Ethers
8.6. Market Attractiveness Analysis

9. South Asia & Oceania Propylene Oxide Market Outlook

9.1. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 9.1.1. By Country
- 9.1.2. By Production Process
- 9.1.3. By End Use
- 9.1.4. By Application
9.2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 9.2.1. India
- 9.2.2. Southeast Asia
- 9.2.3. ANZ
- 9.2.4. Rest of South Asia & Oceania
9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
- 9.3.1. Chlorohydrin Process
- 9.3.2. Styrene Monomer Process
- 9.3.3. TBA Co-product Process
- 9.3.4. Cumene-based Process
- 9.3.5. Hydrogen Peroxide Process
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
- 9.4.1. Automotive
- 9.4.2. Building and Construction
- 9.4.3. Textiles and Furnishing
- 9.4.4. Chemicals and Pharmaceuticals
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 9.5.1. Polyether Polyols
- 9.5.2. Propylene Glycols
- 9.5.3. Propylene Glycol Ethers
9.6. Market Attractiveness Analysis

10. Latin America Propylene Oxide Market Outlook

10.1. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 10.1.1. By Country
- 10.1.2. By Production Process
- 10.1.3. By End Use
- 10.1.4. By Application
10.2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 10.2.1. Brazil
- 10.2.2. Mexico
- 10.2.3. Rest of Latin America
10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
- 10.3.1. Chlorohydrin Process
- 10.3.2. Styrene Monomer Process
- 10.3.3. TBA Co-product Process
- 10.3.4. Cumene-based Process
- 10.3.5. Hydrogen Peroxide Process
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
- 10.4.1. Automotive
- 10.4.2. Building and Construction
- 10.4.3. Textiles and Furnishing
- 10.4.4. Chemicals and Pharmaceuticals
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 10.5.1. Polyether Polyols
- 10.5.2. Propylene Glycols
- 10.5.3. Propylene Glycol Ethers
10.6. Market Attractiveness Analysis

11. Middle East & Africa Propylene Oxide Market Outlook

11.1. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 11.1.1. By Country
- 11.1.2. By Production Process
- 11.1.3. By End Use
- 11.1.4. By Application
11.2. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025 - 2032
- 11.2.1. GCC Countries
- 11.2.2. Egypt
- 11.2.3. South Africa
- 11.2.4. Northern Africa
- 11.2.5. Rest of Middle East & Africa
11.3. Current Market Size (US$ Bn) Analysis and Forecast, By Production Process, 2025 - 2032
- 11.3.1. Chlorohydrin Process
- 11.3.2. Styrene Monomer Process
- 11.3.3. TBA Co-product Process
- 11.3.4. Cumene-based Process
- 11.3.5. Hydrogen Peroxide Process
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025 - 2032
- 11.4.1. Automotive
- 11.4.2. Building and Construction
- 11.4.3. Textiles and Furnishing
- 11.4.4. Chemicals and Pharmaceuticals
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2025 - 2032
- 11.5.1. Polyether Polyols
- 11.5.2. Propylene Glycols
- 11.5.3. Propylene Glycol Ethers
11.6. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2025
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. LyondellBasell Industries
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Production Process
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. The Dow Chemicals
- 12.3.3. SK Chemicals
- 12.3.4. Royal Dutch Shell
- 12.3.5. Sumitomo Chemical Co., Ltd.
- 12.3.6. BASF SE
- 12.3.7. Huntsman International LLC.
- 12.3.8. AGC Chemicals
- 12.3.9. Repsol
- 12.3.10. CSPC Pharmaceutical Group Limited
- 12.3.11. Air Liquide
- 12.3.12. Air Products and Chemicals, Inc.
- 12.3.13. China Petrochemical Corporation
- 12.3.14. Eastman Chemical Company
- 12.3.15. Mitsui Chemicals, Inc.
- 12.3.16. LOTTE CHEMICAL CORPORATION
- 12.3.17. PetroChina International Co., Ltd.
- 12.3.18. Ineos Group Limited
- 12.3.19. Tokuyama Corporation
- 12.3.20. Hanwha Group

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations

Propylene Oxide Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032