Propylene Oxide Market: Global Industry Analysis and Forecast 2016 - 2022
New York City, NY -- (SBWIRE) -- 04/26/2017 -- The organic compound propylene oxide is a colorless and volatile liquid at normal temperature and pressure. This compound is highly flammable and reactive in nature. The compound, however, is very useful as a chemical intermediate. The propylene oxide is used for fumigation of medical instruments and in food industries. It is a major commodity chemical used for a production of polyurethane. Commercially, propylene oxide is used in production of polyols, glycol ethers and Butanediol among the others. It is also used in starch industries, lubricant industries, adhesive and sealant industries, cosmetic industries etc. Moreover, it also finds application in production of herbicides, demulsifiers, surfactants and defoamers.
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The petrochemical product propylene oxide is mainly used to derive propylene glycol. This propylene glycol is primarily used as a raw-material for the production of polyurethane as well as used as intermediate in various other industries. The increasing demand for polyurethane from the end use industries is expected to drive the global market of polyurethane and in turn result in an increasing demand for propylene oxide. Hence, the growth in polyurethane market is expected to drive the growth of global propylene oxide market. Glycol ethers are used extensively in cleaning agents, in cosmetics, paints, gums etc., the growth in demand for glycol ethers is in turn expected to drive the growth of propylene oxide market during the forecast period. On the flip side, hazardous nature of propylene glycol that is it being a mild CNS depressant, eye and respiratory tract irritant and a probable carcinogenic according to Environmental Protection Agency (EPA) can be a major challenge to the growth of the global propylene oxide market over the forecast period.
The global propylene oxide market is segmented into types of processes, applications and on the basis of region
The global propylene oxide market is segmented on the basis of production processes as below:
Hydroperoxide process (HPPO)
TBA (t-butyl alcohol co-product process)
SM (Styrene monomer co-product process)
Cumene Hydroperoxide method (CMHP)
Also, depending on the application, global propylene market has been segmented into following key market segments
The global propylene oxide market is segmented into seven geographical regions namely North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific (excluding Japan) and Japan. Asia pacific region accounts for the largest share in consumption of propylene oxide in the world. It is followed by Western Europe and North America Propylene oxide markets respectively.
Some of the key players in global ferrochromium market are The Dow Chemical Company, Lyondell Basell Industries N.V, Shell Chemicals Ltd., BASF SE, Asahi Glass Co. Ltd., Tokuyama Corp., Huntsman International LLC., Nihon Oxirane Co., Ltd., Shell Petroleum Development Company, Jishen Chemical Industry Co., Ltd., Reliance Industries Ltd., CNOOC and Shell Petrochemicals Co., Ltd, Ningbo ZRCC Lyondell Chemical Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.
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The report covers exhaustive analysis on:
Propylene oxide Market Segments
Propylene oxide Market Dynamics
Historical Actual Market Size, 2012 - 2014
Propylene oxide Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Propylene oxide Market Current Trends/Issues/Challenges
Competition & Companies involved
Propylene oxide Market Drivers and Restraints
Regional analysis for Propylene oxide Market includes
Asia Pacific & Japan
The Middle East and Africa
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
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