Propylene Oxide Market Share

APAC Market Statistics

The Asia Pacific propylene oxide market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. Some of the major contributing nations in this region include China, India, Japan, Australia, and Southeast Asian countries. Its large end-use industries such as automotive, construction, food & beverage, and others are among the key end-use sectors driving the demand for propylene oxide in the region. For instance, as of 2021, 35 million passenger cars were sold out in the Asia Pacific region. Additionally, the increase in commercial construction in countries such as China, India, Vietnam, the Philippines, and Indonesia is further anticipated to create a surge in demand for propylene oxide in the region.

Europe Market Forecast

The European propylene oxide market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. Propylene oxide has gained prevalence in the European market on account of its increasing adoption in end-use industries such as building & construction, automobiles, consumer electronics, and packaging. Some of the major contributing countries in the region include Germany, France, Spain, and the UK. The construction sector in Europe is among the significant consumer of propylene oxide. The growing adoption of Fibre Reinforced Polymers (FRP) in the residential and commercial construction sector in the region, has also strengthened the market growth.

The European propylene oxide market, amongst the market in all the other regions, is anticipated to hold the second largest share during the forecast period. The region’s propylene oxide market is significantly growing on account of the rising demand for propylene oxide in construction projects. In addition, the usage of propylene oxide has been increasing rapidly in applications such as automotive, textile and furnishing, packaging, and others. This factor is anticipated to drive the growth of the propylene oxide market in this region.