The North America Propylene Oxide Market was valued at $1602.1 Million in 2025 and projected to reach to $1968.2 Million by 2030, representing a compound annual growth rate of 4.2%. North America's propylene oxide market is positioned for steady growth through 2030, supported by sustained demand from polyurethane foam production in construction and automotive sectors.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
North America's propylene oxide market is valued at USD 1,602.1 million in 2025 and is projected to reach USD 1,968.2 million by 2030, growing at a CAGR of 4.2%, outpacing global average growth in key segments.
The region's demand is primarily driven by polyurethane foams, glycols, and specialty chemicals manufacturing. These sectors leverage propylene oxide for insulation, cushioning, and advanced chemical synthesis applications across construction and automotive industries.
The United States accounts for the largest share of North American propylene oxide consumption at USD 2,296.4 million, supported by established chemical infrastructure, robust manufacturing capacity, and strong demand from end-user industries.
North America's mature chemical ecosystem provides stable supply chains, established regulatory frameworks, and technological innovation. The region benefits from integrated production facilities and strategic partnerships among major chemical manufacturers.
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | POLYETHER POLYOLS (Application) |
| Forecast Period | 2025–2030 |
| Growth Rate | CAGR of 4.9% from 2025 to 2030 |
| Largest Segment | POLYETHER POLYOLS (Application) |
| Market Size Base Year (Billions) | ~USD 14.86 (2025) |
| Revenue Forecast (Billions) | ~USD 18.88 (2030) |
| Segments Covered | Application, End-Use Industry, Production Process |
3 segment dimensions are covered across the global market.
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| MOL GROUP | Hungary | Public Company | Refined fuels (gasoline, diesel, heating oil, bunker, JET A-1, LPG/autogas),Petrochemicals and black products (bitumen, HFO, petrolcoke, residues),Retail convenience, mobility solutions, and digital services, |
| DOW | United States | Public Company | Packaging & Specialty Plastics,Industrial Intermediates & Infrastructure,Performance Materials & Coatings, |
| SHELL | United Kingdom | Public Company | Integrated Gas (including LNG and GTL),Upstream (oil, gas, and NGLs),Marketing (mobility, lubricants, commercial fuels, EV charging), |
| BASF | Germany | Public Company | Chemicals,Materials,Industrial Solutions, |
| AGC INC. | United States | Public Company | High-horsepower and row-crop tractors,Utility and compact tractors,Combines and harvesting equipment, |
| REPSOL | Spain | Public Company | Industrial (refining, trading, wholesale fuels, hydrogen and synthetic fuels),Customer (mobility/gas stations, power and gas retail, lubricants, LPG, biofuels),Upstream (oil and gas exploration and production, low-carbon geological solutions), |
| TOKUYAMA CORPORATION | Japan | Public Company | Chemicals Products (chlor-alkali, PVC, solvents, basic inorganics),Cement and Building Materials,Electronics Advanced Materials (poly-Si, silica, AIN, BN, high-purity chemicals), |
| SUMITOMO CHEMICAL CO., LTD. | Japan | Public Company | Essential & Green Materials,Agro & Life Solutions,Sumitomo Pharma, |
| SKC | New Zealand | Public Company | Land-based Gaming (casinos),Hotels, Conventions, and Attractions,Food & Beverage, |
| EVONIK | Germany | Public Company | Advanced Technologies,Custom Solutions,Infrastructure, |
| SABIC | Saudi Arabia | Public Company | Commodity petrochemicals (olefins, methanol, aromatics, glycols, MTBE, CO2),Polyolefins (PE and PP, including compounds),Specialties and engineering thermoplastics, |
| BALCHEM CORP. | United States | Public Company | Human Nutrition & Health,Animal Nutrition & Health,Specialty Products, |
| INDORAMA VENTURES PUBLIC COMPANY LIMITED | Thailand | Public Company | Combined PET (PET value chain and specialty PET-related chemicals, including recycling),Fibers (polyester, rayon, nylon, polypropylene, composites, worsted wool),Indovinya (specialty chemical solutions and integrated surfactants), |
| PCC SE | Germany | Private Company | Polyols and polyurethane systems,Surfactants and derivatives,Chlorine, monochloroacetic acid, and chlorine derivatives, |
MOL GROUP is a Hungarian public company founded in 1991 with 24,744 employees, operating as an integrated oil and gas company.
DOW is a United States-based public company established in 1897 with 34,600 employees, operating in the chemical and materials science industry.
SHELL is a United Kingdom-based public company founded in 1897 with 84,000 employees, operating as a major integrated energy and petrochemicals company.
BASF is a German public company established in 1865 with 106,428 employees, operating as a leading global chemical and materials manufacturer.
AGC INC. is a United States-based public company founded in 1990 with 22,000 employees, operating in the chemical and specialty materials industry.
REPSOL is a Spanish public company founded in 1927 with 24,881 employees, operating as an integrated oil and gas company.
TOKUYAMA CORPORATION is a Japanese public company established in 1918 with 6,390 employees, operating in the chemical and materials manufacturing sector.
SUMITOMO CHEMICAL CO., LTD. is a Japanese public company founded in 1913 with 27,491 employees, operating as a diversified chemical manufacturer.
SKC is a New Zealand-based public company founded in 1994 with 4,500 employees, operating in the chemical and materials industry.
EVONIK is a German public company established in 1847 with 30,643 employees, operating as a specialty chemicals and advanced materials manufacturer.
SABIC is a Saudi Arabian public company founded in 1976 with 35,000 employees, operating as a global petrochemicals and chemicals manufacturer.
BALCHEM CORP. is a United States-based public company established in 1967 with 1,368 employees, operating in specialty ingredients and chemical products.
INDORAMA VENTURES PUBLIC COMPANY LIMITED is a Thai public company founded in 1994 with 22,027 employees, operating as a petrochemicals and specialty chemicals manufacturer.
PCC SE is a German private company founded in 1993 with 3,115 employees, operating in the chemical and specialty chemicals sector.
| Country | 2025 size (native) |
|---|---|
| US | USD 2296.4 Million |
| Canada | USD 176.6 Million |
| Mexico | USD 74.4 Million |
North America's propylene oxide market is projected to reach USD 1,968.2 million by 2030, growing from USD 1,602.1 million in 2025 at a 4.2% CAGR.
North America's propylene oxide demand is primarily driven by polyurethane foam production, glycol synthesis, specialty chemicals, coatings, adhesives, and construction materials.
North America is increasingly investing in cleaner production technologies and bio-based propylene oxide alternatives to meet regulatory requirements and consumer sustainability expectations.
The construction, automotive, consumer goods, and chemical manufacturing sectors are the largest consumers of propylene oxide in North America.
North America's propylene oxide market is expected to grow at a compound annual growth rate (CAGR) of 4.2% between 2025 and 2030.
The research methodology used to estimate the current size of the propylene oxide market consisted of four major activities. Extensive secondary research was performed to acquire detailed information about the market, peer markets, and parent markets. These findings, assumptions, and metrics were verified through primary research with experts from both the demand and supply sides of the propylene oxide value chain. Both top-down and bottom-up approaches were used to estimate the total market size. The estimation of market sizes for various segments and subsegments in the market was finalized using full market segmentation and data triangulation techniques.
The research methodology for estimating and forecasting the propylene oxide market begins with gathering data on key vendors’ revenues by doing secondary research. The secondary research process involves consulting a range of secondary sources, including Hoover’s, Bloomberg Businessweek, Factiva, the World Bank, and industry-specific journals. These secondary sources encompass annual reports, press releases, investor presentations, white papers, certified publications, articles from recognized authors, regulatory notifications, trade directories, and databases. Also, vendor offerings are taken into consideration to inform market segmentation.
The propylene oxide market comprises several stakeholders, including raw material suppliers, processors, end-product manufacturers, and regulatory organizations, throughout the supply chain. The demand side of this market is characterized by the development of various industries, including mobility, power, chemicals, industrial, and grid injection, among others. The supply side is characterized by advancements in technology and a wide range of diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of the primary respondents:

To know about the assumptions considered for the study, download the pdf brochure
The top-down and bottom-up approaches have been used to estimate and validate the total size of the propylene oxide market. These approaches have also been used extensively to estimate the size of various dependent market subsegments. The research methodology used to estimate the market size included the following.
The following segments provide details about the overall market size estimation process employed in this study:

After estimating the overall market size using the above estimation process, the market was split into various segments and subsegments. Data triangulation and market segmentation techniques, along with the market engineering process, were employed to obtain precise market analysis data for each segment and its subsegments.
With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.
The following customization options are available for the report:
Product matrix, which provides a detailed comparison of each company’s product portfolio.
Full forecast, segment splits, and company analysis for all Propylene Oxide Market.
Customize this report to your needs
Get 10% FREE Customization
Customize This Report