There were 239 press releases posted in the last 24 hours and 209,811 in the last 365 days.
The increase in demand for propylene oxide from end-use industries and rising application in building and construction will fuel the market growth.
NEW YORK CITY, NEW YORK, UNITED STATES, July 22, 2022 /EINPresswire.com/ -- The Global Propylene Oxide Market is forecast to reach USD 27.24 Billion by 2028, according to a new report by Reports and Data. Propylene oxide is an organic flammable, volatile, and colorless liquid compound that is soluble in both alcohol and ether. The compound is used as an intermediate for the manufacture of various commercial products.
Increase in demand for the product by various end-use industries such as constructions, packaging, automotive, furnishings, and textiles is anticipated to patronize the growth of the market in the coming years. The market is mainly driven by the growth in demand for polyether polyols, rising demand owing to the increase in its applications, huge investment in infrastructural spending, and an increase in the demand for automotive products.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1545
Major companies: Raytheon Company, Lockheed Martin Corporation, Boeing, Israel Aerospace Industries, BAE Systems Plc., MBDA, Kongsberg Group, Rafael Advanced Defense Systems Ltd., L-3 Technologies Inc., and FN Herstal S.A among others
Further key findings from the report suggest
Polyether polyols are among the major components used to produce polyurethanes that are in turn applied in building and construction, apparels and automotive. Polyether polyols are forecasted to have the highest CAGR of 6.6% during the forecast period owing to its high demand in cushioning and insulation foams in automotive. Glycol Ethers is forecasted to hold the market share of 22% in the year 2028. They are used in cleaners, degreasers, adhesives, and aerosol paints. Glycol Ethers growth in the market is mainly due to the switch of solvent-based coatings to water-based coatings. Water-based coatings use glycol ethers as their coalescing agent. Chlorohydrin Process is forecasted to have a CAGR of 6.6% during the forecast period. It involves the reaction of propylene and chlorine in the presence of water to produce the two isomers of propylene chlorohydrin. The Dow Chemical Company is the sole manufacturer to use the chlorohydrin process in the U.S. Across the globe; it is used by several more companies in various countries. Chemical and pharmaceutical held the largest market share of 21% in the year 2020. Building and construction are forecasted to hold a market share of 14% in the year 2028. Propylene Oxide is used in adhesives, grouts, paints, coatings, waterproofing materials in both the construction and infrastructure industry.
To know more about the report @ https://www.reportsanddata.com/report-detail/propylene-oxide-market
Segments covered in the report:
Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Chlorohydrin Process Styrene Monomer Process Hydrogen Peroxide Process TBA Co-Product Process Cumene-based Process Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Polyether Polyols Propylene Glycol Glycol Ethers Others
End User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Automotive Building and Construction Textile and Furnishing Chemical and Pharmaceutical Packaging Electronics Others
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/1545
Regional Outlook (Revenue, USD Billion; 2018-2028)
North America Europe Asia Pacific Latin America Middle East & Africa
Browse More Related Research Reports:
Chromatography Resins Market: https://www.reportsanddata.com/report-detail/chromatography-resins-market
Leather Chemicals Market: https://www.reportsanddata.com/report-detail/leather-chemicals-market
Positive Displacement Pumps Market: https://www.reportsanddata.com/report-detail/positive-displacement-pumps-market
Water Desalination Equipment Market: https://www.reportsanddata.com/report-detail/water-desalination-equipment-market
About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Tushar Rajput Reports and Data + 12127101370 email us here Visit us on social media: Facebook Twitter LinkedIn
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.
© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.