Propylene Oxide Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2026.

The global propylene oxide market is estimated to reach $29.5 billion in 2026 from $22.5billion with a CAGR value of 5.6% during the projected period. The rising demand for polyether polyols for producing polyurethane will raise the demand for propylene oxide over the years.

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The growth in demand for polyurethane in the healthcare industry will open new ways for the propylene oxide market and boost the propylene oxide market in upcoming years. Unfortunately, the sudden outbreak of Covid-19 has impacted the construction, and automotive industries are the drawback that will affect the propylene oxide market growth.

By Application: Polyether polyols segment to dominate the propylene oxide market

The polyether polyols segment will dominate the propylene oxide market during the forecast period. Polyether polyols are the basic raw materials utilized for producing polyurethane foam. They are manufactured by the catalyzed addition of the epoxides to ethylene oxide or propylene oxide. Based on application, globally, polyurethane foam has witnessed an increase in adoption from end-users due to its utility and versatility. Polyether polyols are a class of organic chemicals that contain multiple hydroxyl groups and ether linkages. Many polyether polyols are utilized to manufacture urethanes and other products like surface-active agents, functional fluids, and synthetic lubricants. Therefore, the demand for polyether polyols will continue in upcoming years that will propel the propylene oxide market.


By end-use: The construction and Building segment is the second-largest segment

By end-user, the construction and building segment is the second-largest segment of the propylene oxide market. In the end-use industry, fiber-reinforced plastics are used for manufacturing bathroom components, building panels, fixtures, ducts, corrosion-resistant tanks, and pipes. These FRPs are produced by reinforcing three-quarters of unsaturated polyester resins(UPR) with mineral fillers or fiberglass.

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By region: APAC to witness highest CAGR

Due to rising demand for propylene oxide from the polyether polyols and propylene glycol segment Asia Pacific region will witness the highest CAGR in the propylene oxide market during the estimated period. China is the largest consumer of propylene oxide and has noticed capacity extension projects by leading companies like Royal Dutch Shell plc(Netherlands). This capacity extension will allow an additional 300 kilotons of propylene oxide and 600 kilotons of polyols in the country.

Key Market Players:
The research report provides an extensive analysis of key market players thriving in the propylene oxide market with their recent developments, revenue share, company profile, restraints, and more. Some of the leading market players are BASF SE (Germany), SKC Company (South Korea), AGC Inc. (Japan), Repsol (Spain), Sumitomo Chemical Co., Ltd. (Japan), Tokuyama Corporation (Japan), Indorama Ventures Public Company (Thailand), Dow Inc. (US), LyondellBasell Industries Holdings B.V. (Netherlands).