Propylene Oxide Market 2021

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Propylene Oxide MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Propylene Oxide MARKET 2020
Propylene Oxide Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Propylene Oxide (PO) is a highly reactive,
colorless, and highly flammable, liquid which is
a basic component for various industrial
applications. It is used as demulsifier which
separates crude oil from water. Propylene Oxide
is mainly used for the production of propylene
glycol, but is also used as an intermediate for
the production of polyether polyols for
polyurethane foams. Polyurethane foams are
utilized in furniture and car vehicles, and
inflexible foams for machine and building
protection. Polyether polyols likewise go into
non-foam applications such as coatings, adhesives
sealants. Some of the prominent factors that
positively influence the growth of Propylene
Oxide Market are increasing construction
activities, rising demand for oil gas
exploration, and increasing urbanization along
with rising per capita disposable income in the
developed and emerging economies. High adoption
rate along with the increasing number of power
plants to meet the energy for the ever-growing
population. Moreover, continuous expansion of
automotive industry as well as shifting
manufacturers focus towards aviation industry are
estimated to fuel the growth of the market during
the review period, 2017 to 2023.
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Propylene Oxide MARKET 2020
Market Segmentation The Global Propylene
Oxide Market is segmented into application, end
use and regions. On the basis of application, the
market is categorized into polyether polyols,
propylene glycol, fumigation, adhesives
sealants, oil demulsifier. Among these
application, oil demulsifier application is
expected to grow with the highest CAGR on account
of rising demand for oil and oil-derivatives,
resulting in high production of petroleum
products globally. Moreover, the global
production of crude oil is increasing, as various
nations are focusing more on extracting oil from
new as well as unconventional reserves. As of
2016, crude oil segment accounted for the largest
market share and is predicted to continue its
dominance over the assessment period.
Additionally, growth of automotive sector, and
expansion of refineries across the globe is
estimated to fuel the demand for propylene oxide.
Propylene Oxide is widely used in the manufacture
of polyether polyols for urethanes. These
urethane foams are mostly used as thermal
insulation panels and sealant in the construction
industry. These factors are responsible for the
growth of Propylene Oxide Market. The major share
of market of polyether is from construction
industry. Propylene Oxide is high volatile
compound and it is manufactured to use as an
anti-microbial fumigant in food industry.
Although there are some countries like Canada who
didnt register Propylene Oxide as a fumigant due
to its volatility nature. Enquiry of the Report
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Propylene Oxide MARKET 2020
Regional Analysis
The Asia Pacific is estimated to be the largest
market followed by North America and Europe due
to strong existence of crude oil reserves. In
North America, the U.S. and Mexico are predicted
to register a strong growth on account of
tremendous demand for Propylene Oxide in
automotive and aviation manufacturing. In Asia
Pacific, countries such as China, India, and
South Korea are the fastest growing market for
demulsifier in construction, food, and paints
coatings. It is estimated to grow with the same
pace over the forecast period. Improving living
standards along with the flourishing growth of
adhesives sealants is predicted to contribute
to the regional market growth. In Latin America,
it is anticipated that there will be no future
projects in the field of construction, transport
and oil gas in the forecast period probably due
to the economic instability and unwillingness
consumer spending.
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om/reports/propylene-oxide-market-4770
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Propylene Oxide MARKET 2020
Application Major Players in this Research
Propylene Oxide Market Prominent Players Some
of the prominent players operating in the
Propylene Oxide Market are The Dow Chemical
Company (U.S.), LyondellBasell Industries N.V.
(Netherlands), Royal Dutch Shell plc
(Netherlands), Huntsman Corporation (U.S.), BASF
SE (Germany), Repsol S.A. (Spain), Asahi Glass
Co., Ltd. (Japan), INEOS Private Limited Company
(U.K.), Sumitomo Group (Japan), Chevron Phillips
Chemical (U.S.).
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