Propylene Oxide Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Propylene Oxide business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.
Data Bridge Market Research analyses that the propylene oxide market will witness a CAGR of 5.95% for the forecast period of 2022-2029. Growth in the demand for propylene oxide especially in the developing economies like India and China, growing use of propylene oxide for a wide range of end user applications such as automotive, textile and furnishing, chemical and pharmaceutical, packaging, and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the propylene oxide market.
Propylene oxide is a compound similar to ether or benzene, which is soluble in alcohol/ ether. Propylene oxide is a colourless, volatile, inflammable and organic compound that is used for a wide range of industrial applications.
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Some of the major players operating in the propylene oxide market report are DuPont., Dow, LyondellBasell Industries Holdings B.V., Shell group of companies, Huntsman International LLC., BASF SE, Sumitomo Chemical Co., Ltd., Tokuyama Corporation, PCC Rokita Spólka Akcyjna., PJSC “Nizhnekamskneftekhim”., Manali Petrochemicals Limited., Balchem Inc.,, INEOS, SABIC, Hanwha Group, SK chemicals, AGC Chemicals Americas, CSPC Pharmaceutical Group Limited, Air Products Inc., and Repsol among others.
Rise in demand for propylene oxide by the buildings and construction industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for propylene oxide such as in the electrical and electronics industry and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising production rate of sealants, adhesives, flexible foams, paints, and coatings, rising expenditure for research and development proficiencies, surging investments by major players in emerging environmentally friendly techniques to manufacture propylene oxide, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
Scope of the Propylene Oxide Market Report:
The propylene oxide market is segmented on the basis of production process, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
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Propylene Oxide Market Regional Analysis/Insights
The Propylene Oxide market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Propylene Oxide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Propylene Oxide within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Propylene Oxide market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The report answers questions such as:
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