Propylene Oxide Market Trends

Growth Drivers

• Growing Demand for Propylene Oxide in Construction Industry – propylene oxide is highly used in the construction industry in waterproofing materials and adhesives. For instance, it was estimated nearly 1 million new housing units are planned every year in the United States. Additionally, a need for approximately 12,000 buildings can be observed across the globe since around 7 billion people is expected to move to urban areas by 2050.

• Rising Utilization of Propylene Oxide in the Making of Cement – propylene oxide is used in cement to evaluate its properties by examining burnt clay brick and crushed stone. For instance, in 2022, cement production amounted to approximately 4 billion tons which is further estimated to hike exponentially over the forecast period.

• Increasing Demand for Propylene Oxide in Water Treatment – propylene oxide is highly required in the treatment of water. For instance, approximately 45% of household water is required to be treated safely worldwide.

• Growing Production of Paper across the Globe - propylene oxide is significantly required in paper production therefore a surge in paper production is expected to boost market growth over the forecast period. For instance, in 2021, the total production volume of paper was estimated to be around 96 million metric tons worldwide.

• Rising Demand for Polypropylene – polypropylene, a plastic resin is highly used to make outdoor furniture, apparel, plastic bottles, and other products and it is derived from propylene oxide. For instance, it was estimated around 1 million plastic bottles are used by humans per minute globally.

Challenges

• Potential Carcinogenicity and Environmental Liability Associated with Propylene Oxide Production
• Potential carcinogenicity associated with the application of propylene oxide coupled with the environmental liability associated with the chlorohydrin process for the production of propylene oxide is among the major limiting factors expected to restrain the market growth.
• Possibility of Side Effects such as Skin and Eye Irritation
• Higher Potential to Cause Cancer