HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: CH 5512

 

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The propylene oxide market is projected to grow from USD 12.74 Billion in 2016 to USD 17.53 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022.

The objectives of this study are:

  • To define, describe, and forecast the propylene oxide market on the basis of application, end- use industry, production process, and region in terms of volume as well as value
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the propylene oxide market
  • To analyze the opportunities in the propylene oxide market for stakeholders and provide a competitive landscape of the market
  • To forecast the size of the propylene oxide market in terms of value in five major regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with their key countries
  • To strategically profile the key players in the propylene oxide market and comprehensively analyze their core competencies
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product launches, and expansions in the propylene oxide market

The years considered for the study are:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022
  • For company profiles in the report, 2016 has been considered as the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the size of the propylene oxide market began with capturing of data on key vendor revenues through secondary sources, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. The vendor offerings were taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as Chief Executive Officers (CEOs), vice presidents, directors, and executives of the leading market players. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Propylene Oxide Market

To know about the assumptions considered for the study, download the pdf brochure

The propylene oxide market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the propylene oxide market include The Dow Chemical Company (US), LyondellBasell Industries (Netherlands), Royal Dutch Shell (Netherlands), Huntsman Corporation (US), BASF (Germany), Asahi Glass Company (Japan), Repsol, (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).

Target Audience

  • Propylene Oxide Manufacturers
  • Propylene Oxide Traders, Suppliers, and Distributors
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Raw Material Suppliers and Distributors
  • Industry Associations

“This study answers several questions for the stakeholders, primarily the market segments which they need to focus upon during the next two to five years, so that they may prioritize their efforts and investments accordingly.”

Scope of the Report: This research report categorizes the propylene oxide market based on application, type of production process, end-use industry, and region.

Propylene Oxide Market, by Application:

  • Polyether Polyols
  • Propylene Glycol
  • Glycol Ethers
  • Others

Propylene Oxide Market, by Type of Production Process:

  • Chlorohydrin Process
  • Styrene Monomer Process
  • Hydrogen Peroxide Process
  • TBA Co-Product Process
  • Cumene-based Process

Propylene Oxide Market, by End-use Industry:

  • Automotive
  • Building & Construction
  • Textile & Furnishing
  • Chemical & Pharmaceutical
  • Packaging
  • Electronics
  • Others

Propylene Oxide Market, by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

The following customization options are available for the report:

Along with the market data, MarketsandMarkets offers customizations as per specific needs of companies. The following customization options are available for the report:

  • Further breakdown of the propylene oxide market in Rest of Asia Pacific, Rest of Europe, and Rest of Middle East & Africa
  • Detailed analysis and profiling of the additional market players (up to five)
  • Further breakdown of end-use industry and type of production process on the basis of value & volume

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Global Propylene Oxide Market
    4.2 Propylene Oxide Market, By Application
    4.3 Propylene Oxide Market, By Region
    4.4 Asia Pacific Propylene Oxide Market, By Application
    4.5 Propylene Oxide Market, By Production Process

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Propylene Oxide From End-Use Industries in the Asia Pacific Region
                    5.2.1.2 Increasing Demand for Polyether Polyols for the Production of Polyurethanes
           5.2.2 Opportunities
                    5.2.2.1 Growing Opportunities in Emerging Economies
                    5.2.2.2 Growing Healthcare Industry
           5.2.3 Challenges
                    5.2.3.1 Toxic Nature of Propylene Oxide
                    5.2.3.2 New Bio-Based Feedstock for Polyurethane
                    5.2.3.3 Price Volatility of Raw Materials
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macro Economic Overview and Key Trends
           5.4.1 GDP Trends and Forecast
           5.4.2 Trends and Forecast of the Construction Industry
                    5.4.2.1 Trends and Forecast of the Construction Industry in North America
                    5.4.2.2 Trends and Forecast of the Construction Industry in Europe
                    5.4.2.3 Trends and Forecast of the Construction Industry in Asia Pacific
                    5.4.2.4 Trends and Forecast of the Construction Industry in Middle East & Africa
                    5.4.2.5 Trends and Forecast of the Construction Industry in South America
           5.4.3 Trends in the Automotive Industry
           5.4.4 Automotive Industry Trend
    5.5 Raw Material Analysis
           5.5.1 Propylene

6 Propylene Oxide Market, By Application (Page No. - 45)
    6.1 Introduction
    6.2 Polyether Polyols
    6.3 Propylene Glycol
    6.4 Glycol Ethers
    6.5 Others

7 Propylene Oxide Market, By Production Process (Page No. - 52)
    7.1 Introduction
    7.2 Chlorohydrin Process
    7.3 Styrene Monomer Process
    7.4 TBA Co-Product Process
    7.5 Hydrogen Peroxide Process
    7.6 Cumene-Based Process

8 Propylene Oxide Market, By End-Use Industry (Page No. - 56)
    8.1 Introduction
    8.2 Automotive
    8.3 Building & Construction
    8.4 Chemical & Pharmaceutical
    8.5 Textile & Furnishing
    8.6 Packaging
    8.7 Electronics
    8.8 Others

9 Propylene Oxide Market, By Region (Page No. - 60)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Thailand
           9.2.6 Australia
           9.2.7 Rest of Asia Pacific
    9.3 North America
           9.3.1 US
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 UK
           9.4.4 Italy
           9.4.5 Spain
           9.4.6 Netherlands
           9.4.7 Russia
           9.4.8 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 Qatar
           9.5.3 UAE
           9.5.4 Kuwait
           9.5.5 South Africa
           9.5.6 Rest of the Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Chile
           9.6.4 Rest of South America

10 Competitive Landscape (Page No. - 108)
     10.1 Introduction
     10.2 Competitive Leadership Mapping
             10.2.1 Dynamic Differentiators
             10.2.2 Innovators
             10.2.3 Visionary Leaders
             10.2.4 Emerging Companies
     10.3 Competitive Benchmarking
             10.3.1 Strength of Product Portfolio (25 Players)
             10.3.2 Business Strategy Excellence (25 Players)
     10.4 Market Ranking Analysis
             10.4.1 The DOW Chemical Company
             10.4.2 Lyondellbasell Industries Holdings
             10.4.3 Royal Dutch Shell
             10.4.4 Sumitomo Chemical Co.,
             10.4.5 SKC
             10.4.6 BASF

11 Company Profiles (Page No. - 114)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     11.1 The DOW Chemical Company
     11.2 Lyondellbasell Industries Holdings
     11.3 Royal Dutch Shell
     11.4 Huntsman International
     11.5 BASF
     11.6 Asahi Glass Co.,
     11.7 Repsol
     11.8 Tokuyama Corporation
     11.9 Sumitomo Chemicals Co.,
     11.10 SKC
     11.11 Other Key Players in the Propylene Oxide Market

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 149)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Available Customizations
     12.5 Introducing RT: Real-Time Market Intelligence
     12.6 Related Reports
     12.7 Author Details


List of Tables (99 Tables)

Table 1 Global Propylene Oxide Market Snapshot
Table 2 GDP Trends and Forecast, USD Billion (2015–2021)
Table 3 GDP Contribution of the Construction Industry in North America, USD Billion (2014–2021)
Table 4 GDP Contribution of the Construction Industry in Europe, USD Billion (2014–2021)
Table 5 GDP Contribution of the Construction Industry in Asia Pacific, USD Billion (2014–2021)
Table 6 GDP Contribution of the Construction Industry in Middle East & Africa, USD Billion (2014–2021)
Table 7 GDP Contribution of the Construction Industry in South America, USD Billion (2014–2021)
Table 8 International Car Sales Outlook, 1990-2017 (F)
Table 9 Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 10 Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 11 Propylene Oxide Market in Polyether Polyols, By Region, 2015-2022 (Kilotons)
Table 12 Propylene Oxide Market in Polyether Polyols, By Region, 2015-2022 (USD Million)
Table 13 Propylene Oxide Market in Propylene Glycol, By Region, 2015-2022 (Kilotons)
Table 14 Propylene Oxide Market in Propylene Glycol, By Region, 2015-2022 (USD Million)
Table 15 Propylene Oxide Market in Glycol Ethers, By Region, 2015-2022 (Kilotons)
Table 16 Propylene Oxide Market in Glycol Ethers, By Region, 2015-2022 (USD Million)
Table 17 Propylene Oxide Market in Other Applications, By Region, 2015-2022 (Kilotons)
Table 18 Propylene Oxide Market in Other Applications, By Region, 2015-2022 (USD Million)
Table 19 Propylene Oxide Market, By Production Process, 2015-2022 (Kilotons)
Table 20 Propylene Oxide Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 21 Propylene Oxide Market, By Region, 2015-2022 (Kilotons)
Table 22 Propylene Oxide Market, By Region, 2015-2022 (USD Million)
Table 23 Asia Pacific: Propylene Oxide Market, By Country, 2015-2022 (Kilotons)
Table 24 Asia Pacific: Propylene Oxide Market, By Country, 2015-2022 (USD Million)
Table 25 Asia Pacific: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 26 Asia Pacific: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 27 China: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 28 China: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 29 Japan: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 30 Japan: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 31 India: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 32 India: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 33 South Korea: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 34 South Korea: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 35 Thailand: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 36 Thailand: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 37 Australia: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 38 Australia: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 39 Rest of Asia Pacific: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 40 Rest of Asia Pacific: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 41 North America: Propylene Oxide Market, By Country, 2015-2022 (Kilotons)
Table 42 North America: Propylene Oxide Market, By Country, 2015-2022 (USD Million)
Table 43 North America: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 44 North America: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 45 US: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 46 US: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 47 Canada: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 48 Canada: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 49 Mexico: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 50 Mexico: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 51 Europe: Propylene Oxide Market, By Country, 2015-2022 (Kilotons)
Table 52 Europe: Propylene Oxide Market, By Country, 2015-2022 (USD Million)
Table 53 Europe: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 54 Europe: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 55 Germany: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 56 Germany: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 57 France: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 58 France: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 59 UK: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 60 UK: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 61 Italy: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 62 Italy: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 63 Spain: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 64 Spain: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 65 Netherlands: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 66 Netherlands: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 67 Russia: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 68 Russia: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 69 Rest of Europe: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 70 Rest of Europe: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 71 Middle East & Africa: Propylene Oxide Market, By Country, 2015-2022 (Kilotons)
Table 72 Middle East & Africa: Propylene Oxide Market, By Country, 2015-2022 (USD Million)
Table 73 Middle East & Africa: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 74 Middle East & Africa: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 75 Saudi Arabia: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 76 Saudi Arabia: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 77 Qatar: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 78 Qatar: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 79 UAE: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 80 UAE: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 81 Kuwait: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 82 Kuwait: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 83 South Africa: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 84 South Africa: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 85 Rest of Middle East & Africa: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 86 Rest of Middle East & Africa: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 87 South America: Propylene Oxide Market, By Country, 2015-2022 (Kilotons)
Table 88 South America: Propylene Oxide Market, By Country, 2015-2022 (USD Million)
Table 89 South America: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 90 South America: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 91 Brazil: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 92 Brazil: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 93 Argentina: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 94 Argentina: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 95 Chile: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 96 Chile: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 97 Rest of South America: Propylene Oxide Market, By Application, 2015-2022 (Kilotons)
Table 98 Rest of South America: Propylene Oxide Market, By Application, 2015-2022 (USD Million)
Table 99 The DOW Chemical Company Ranked First in the Propylene Oxide Market


List of Figures (35 Figures)

Figure 1 Propylene Oxide Market Segmentation
Figure 2 Propylene Oxide Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Propylene Oxide Market: Data Triangulation
Figure 6 Polyether Polyols is Expected to Be the Largest Segment of the Propylene Oxide Market in 2017
Figure 7 The Chlorohydrin Process Segment is Expected to Lead the Propylene Oxide Market During the Forecast Period
Figure 8 Asia Pacific Accounted for the Largest Share in the Propylene Oxide Market in 2016
Figure 9 Attractive Growth Opportunities in the Propylene Oxide Market
Figure 10 The Polyether Polyols Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Asia Pacific is the Fastest-Growing Market for Propylene Oxide Market During the Forecast Period
Figure 12 China is the Largest Market for Propylene Oxide in Asia Pacific
Figure 13 The Chlorohydrin Process Segment is Projected to Lead the Market for Propylene Oxide During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Propylene Oxide Market
Figure 15 Porter’s Five Forces Analysis
Figure 16 Propylene Oxide Market, By Application, 2017 & 2022 (Kilotons)
Figure 17 Propylene Oxide Market, By Production Process, 2017 & 2022 (Kilotons)
Figure 18 Propylene Oxide Market, By End-Use Industry, 2017 & 2022 (Kilotons)
Figure 19 China is Emerging as New Hotspots for the Propylene Oxide Market
Figure 20 Asia Pacific Propylene Oxide Market Snapshot
Figure 21 North America Propylene Oxide Market Snapshot
Figure 22 Europe Propylene Oxide Market Snapshot
Figure 23 Middle East & Africa Propylene Oxide Market Snapshot
Figure 24 South America Propylene Oxide Market Snapshot
Figure 25 Competitive Leadership Mapping, 2016
Figure 26 The DOW Chemical Company: Company Snapshot
Figure 27 Lyondellbasell Industries Holdings: Company Snapshot
Figure 28 Royal Dutch Shell: Company Snapshot
Figure 29 Huntsman International: Company Snapshot
Figure 30 BASF: Company Snapshot
Figure 31 Asahi Glass Co., Company Snapshot
Figure 32 Repsol: Company Snapshot
Figure 33 Tokuyama Corporation: Company Snapshot
Figure 34 Sumitomo Chemical Co., Company Snapshot
Figure 35 SKC: Company Snapshot

The propylene oxide 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. The global propylene oxide market is majorly driven by the rising demand for polyurethanes in various end-use industries, such as automotive, packaging, furniture, footwear, and construction. Increasing usage of polyurethanes in thermal insulators, sealants and flooring materials is also expected to propel the market growth in the coming years.

By application, the polyether polyol segment led the propylene oxide market in 2016. This segment is also projected to grow at the highest CAGR from 2017 to 2022. The growth of this segment can be attributed to increasing demand for polyurethane foams from various end-use industries, such as automotive, building & construction, textile & furnishing, and packaging. Polyether polyols are majorly used in polyurethane foams. Flexible foams are primarily used in cushioning applications such as furniture, bedding, and car seats, and in carpet underlay. Rigid foam is highly used in the construction industry where it is mostly used for insulation. Rigid foam is also used in commercial refrigeration and packaging.

By production process, the propylene oxide market has been segmented into chlorohydrin process, cumene-based process, TBA process, styrene monomer process, hydrogen peroxide process. The chlorohydrin process led the propylene oxide market in 2016. The hydrogen peroxide process segment of the market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific region is estimated to be the largest market for propylene oxide in 2017. The growth of this market can be attributed to the rising demand for propylene oxide from the end-use industries, such as automotive, building & construction, textile & furnishing, chemical & pharmaceutical, and packaging. Asia Pacific is the fastest-growing market for propylene oxide, due to its growing demand in China, Japan, and India.

Propylene Oxide Market

The factors inhibiting the growth of the propylene oxide market is the price volatility of the raw material. The major raw material for the production of propylene oxide is propylene, which is manufactured from crude oil. Any change in the cost of these basic raw materials directly impacts the production chain to final propylene oxide. Most of these raw materials are petroleum products and are vulnerable to the fluctuations in commodity prices.  Key players operating in the propylene oxide market include The Dow Chemical Company (US), LyondellBasell Industries (Netherlands), Royal Dutch Shell (Netherlands), Huntsman Corporation (US), BASF (Germany), Asahi Glass Company (Japan), Repsol, (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). These players in the propylene oxide market have been adopting the strategies of expansions, joint ventures, mergers & acquisitions, and agreements to cater to the increased demand for propylene oxide from different end-use industries.

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