PUNE, India, August 18, 2017 /PRNewswire/ --
According to a new market research report Propylene Oxide
Market by Application (Polyether Polyols, Propylene
Glycol), Process (Chlorohydrin, Styrene Monomer, TBA Co-Product,
Cumene-based, Hydrogen Peroxide), End-use Industry (Automotive,
Building & Construction), and Region - Global Forecast to
2022", published by MarketsandMarkets™, the market is projected
to grow from USD 13.43 Billion in
2017 to USD 17.53 Billion by 2022, at
a CAGR of 5.5% from 2017 to 2022.
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Browse 99 Market Data Tables and 35
Figures spread through 158 Slides and
in-depth TOC on "Propylene Oxide Market"
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Increased demand for propylene oxide from the various end-use
industries, such as automotive, building & construction,
textile & furnishing, chemical & pharmaceutical, packaging,
and electronics is expected to fuel the growth of the propylene
oxide market during the forecast period.
The polyether polyols segment of the propylene oxide market
is projected to grow at the highest CAGR from 2017 to
2022.
By application, the polyether polyols segment of the propylene
oxide market is projected to grow at the highest CAGR from 2017 to
2022. The growth of the propylene oxide segment of the market can
be attributed to increasing demand for polyurethane across the
globe. The polyether polyols application segment led the
Asia Pacific propylene oxide
market in 2016. Rising demand for polyurethane and Unsaturated
Polyester Resin (UPR) from the automotive, building &
construction, textile & construction, textile & furnishing,
packaging, and electronics industries is expected to drive the
growth of the polyether polyols application segment of the
Asia Pacific propylene oxide
market.
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The hydrogen peroxide process of the propylene oxide market
is projected to grow at the highest CAGR from 2017 to
2022.
The hydrogen peroxide process segment of the propylene oxide
market is projected to grow at the highest CAGR from 2017 to 2022.
Several companies have been developing technologies for the
production of propylene oxide from propylene and hydrogen
peroxide.
The Asia Pacific region led
the propylene oxide market in 2016.
The Asia Pacific region led the
Propylene Oxide Market in 2016. China, India,
Japan, and South Korea are the key countries contributing
to the market for propylene oxide in the region. The propylene
oxide market in Asia Pacific is
projected to witness significant growth during the forecast period,
owing to the rising demand for propylene oxide from the end-use
industries, such as automotive, building & construction,
textile & furnishing, chemical & pharmaceutical, and
packaging.
The Dow Chemical Company (US), LyondellBasell Industries
(Netherlands), Royal Dutch Shell (Netherlands), Huntsman Corporation (US), BASF
(Germany), Asahi Glass Company,
(Japan), Repsol, S.A.
(Spain), Sumitomo Chemical
Company, (Japan), SKC Co.,
(South Korea), Tokuyama
Corporation (Japan), Oltchim
(Romania), PCC Rokita
(Poland), PJSC
Nizhnekamskneftekhim (Russia),
Tianjin Dagu Chemical Co., (China), and INEOS Oxide (Switzerland) are some of the leading players
operating in the propylene oxide market. These key players mainly
focus on expansions and mergers & acquisitions to enhance their
position in the propylene oxide market.
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