Propylene Oxide Market Analysis

Production Process (Chlorohydrin, Styrene Monomer, Hydrogen Peroxide, TBA Co-Product, Cumene-based Process)

The global propylene oxide market is segmented and analyzed for demand and supply by production process into chlorohydrin, styrene monomer, hydrogen peroxide, TBA co-product, and cumene-based process. Out of these types of production processes, the chlorohydrin segment is estimated to gain the largest market share in the year 2037. Chlorohydrin is the oldest method used for the production of propylene oxide and held the largest market share in the year 2019. It is a multi-step process wherein chlorohydrin intermediate is formed, which is subsequently dehydrochlorination to the epoxide. The process has a few drawbacks including its impact on the environment on account of high waste processing and it also requires enormous capital investment. Chlorohydrin is highly used to make dye intermediates, pesticides, plasticizers, and others. For instance, around 2 million metric tons of pesticides were consumed across the globe in 2020.

End-user (Automotive, Building & Construction, Textile & Furnishing, Chemical & Petrochemical, Packaging, Electronics)

The global propylene oxide market is also segmented and analyzed for demand and supply by end user into automotive, building & construction, textile & furnishing, chemical & petrochemical, packaging, electronics, and others. Amongst these segments, the building & construction segment is expected to garner a significant share in the year 2037. Propylene oxide is used for numerous applications in the building & construction sector. It is estimated that the total spending on the construction industry reached around USD 10 trillion in 2022. It is deployed as a construction chemical for use in paints, adhesives, grouts, coatings, and waterproofing materials in the construction industry. Moreover, An unsaturated polyester resin derived from propylene glycol, the second-largest consumer of propylene oxide, is used for fiberglass reinforcement to create fiber-reinforced plastics. (FRPs). These FRPs are extensively used in residential and commercial construction to make building panels, fixtures, bathroom components, pipes, corrosion-resistant tanks, and ducts.

Our in-depth analysis of the global market includes the following segments: