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The global propylene oxide market size was US$ 16.5 billion in 2021. The global propylene oxide market is forecast to grow to US$ 26.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Propylene Oxide Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Propylene Oxide Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Propylene oxide (PO) is an organic chemical which is highly reactive in nature. The chemical is widely used in the production of various commercial materials. The chemical finds a wide range of applications across automotive, building & construction, chemical and pharmaceuticals, packaging, electronics, and various other industries.
The wide applications of propylene glycol will primarily drive the growth of the propylene oxide market. Further, the booming construction and automotive industry will offer several growth opportunities for the propylene oxide market during the study period.
The rising demand for polyurethanes due to their beneficial properties, such as high density, hardness, stiffness, etc., will escalate the growth of the propylene oxide market. Further, the growing range of technological advancements in the medical sector will benefit the propylene oxide market during the analysis period. On the contrary, fluctuating raw material prices may limit the growth of the propylene oxide market during the forecast period.
The COVID-19 pandemic affected various end-use industries of propylene oxide, such as automotive, electronics, construction, etc. As a result, it also affected the growth of the propylene oxide market. Post-pandemic, the propylene oxide market is forecast to witness new opportunities due to growing healthcare expenditure and significantly rising automotive industry. As various governments have already lifted lockdown restrictions, the demand for propylene oxide is forecast to grow at the same pace.
Europe is forecast to hold the highest share in the global propylene oxide market. The growth of the market is majorly attributed to the presence of various prominent end-use industries in the region. Further, the Asia-Pacific propylene oxide market is forecast to register a substantial growth rate, owing to the rising automotive industry and large population of the country. North America will have a significant contribution to the growth of the propylene oxide market due to rising technological advancements, increasing construction industry, growing disposable income, and advanced living standards of the people in the region.
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Competitors in the Market The Dow Chemical Company LyondellBasell Industries Holdings B.V. SK Chemicals BASF SE Huntsman International LLC. AGC Chemicals Sumitomo Chemicals Co. Royal Dutch Shell Plc. Huntsman Corporation Other Prominent Players
Market Segmentation The global propylene oxide market segmentation focuses on Application, Production Process, End-Use Industries, and Region.
By Application Polyether Polyols Propylene Glycol Glycol Ethers Others
By Type of Production Process Chlorohydrin Process Styrene Monomer Process Hydrogen Peroxide Process TBA Co-Product Process Cumene-based Process
By End-use Industry Automotive Building & Construction Textile & Furnishing Chemical & Pharmaceutical Packaging Electronics Others
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By Region ? North America o The U.S. o Canada o Mexico ? Europe ? Western Europe o The UK o Germany o France o Italy o Spain o Rest of Western Europe ? Eastern Europe o Poland o Russia o Rest of Eastern Europe ? Asia Pacific o China o India o Japan o Australia & New Zealand o ASEAN o Rest of Asia Pacific ? Middle East & Africa (MEA) o UAE o Saudi Arabia o South Africa o Rest of MEA ? South America o Brazil o Argentina o Rest of South America
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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