August 6, 2021 04:30 ET | Source: ReportLinker ReportLinker

New York, August 6, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Propylene Oxide Market by Application, Production Process, End Use Industry, and Geography-Global Forecast to 2026"-https:/ / www.reportlinker.com/p05076311/?utm_source=GNW However, the impact of COVID-19 on the automotive and construction industries may inhibit market growth. It is expected that during the forecast period, polyether polyol applications will lead the propylene oxide market. According to the application, the polyether polyol part is expected to grow at the highest compound annual growth rate during the forecast period. Polyether polyols are produced by the catalytic addition of epoxides to propylene oxide or ethylene oxide. They are mainly used to make polyurethane (flexible foam). Polyether polyols are organic chemicals that contain multiple ether bonds and multiple hydroxyl groups. Most polyether polyols are used in the manufacture of polyurethanes and other products such as surfactants, functional fluids and synthetic lubricants. Building and construction is the second largest end-use industry segment of the propylene oxide market. From the perspective of the terminal industry, the construction industry ranks second in the propylene oxide market. The construction industry is one of the main end industries of propylene oxide. In this end-use industry, fiber reinforced plastics (FRP) are mainly used in the manufacture of building panels, bathroom components, fixtures, corrosion-resistant tanks, and pipes and conduits. These FRPs are resins (UPR) made by reinforcing nearly three-quarters of unsaturated polyester with glass fibers or mineral fillers. UPR is made from monopropylene glycol (MPG), and MPG is extracted from propylene glycol. It is expected that the propylene oxide market in the Asia-Pacific region will have the highest compound annual growth rate during the forecast period. From 2021 to 2026, the Asia-Pacific propylene oxide market is expected to grow at the highest compound annual growth rate. The increasing demand for propylene oxide in polyether polyols and propylene glycol applications is the main factor driving the Asia-Pacific propylene oxide market. During the forecast period, China is expected to become the world's largest consumer of propylene oxide. The country has recently witnessed capacity expansion projects by companies such as Royal Dutch Shell (Netherlands). This capacity expansion will add 300 kilotons of propylene oxide and 600 kilotons of polyols to the country. The breakdown of the personal data of the main participants in the report: • By company type: Tier 1 – 30%, Tier 2 – 35% and Tier 3 – 35% • By position: C-level executives – 30%, Directors – 60%, and others – 10% • By region: Asia Pacific – 40%, Europe – 15%, North America – 30%, Middle East and Africa – 10%, and South America – 5% In addition, as part of the quality through the ring An analysis of the propane oxypropane market. The study conducted a comprehensive review of the driving factors, constraints, opportunities and challenges that affect the growth of the global market. It also discussed the competitive strategies adopted by leading market players such as Dow (USA), LyondellBasell Industries Holdings BV (Netherlands), Royal Dutch Shell (Netherlands), BASF SE (Germany), SKC (South Korea), AGC Inc. (Japan), Repsol (Spain), Sumitomo Chemical Co., Ltd. (Japan), Tokuyama Corporation (Japan), Indorama Ventures Public Company (Thailand). Research Scope: The report defines, subdivides and forecasts the size of the propylene oxide market based on applications, production processes, end-use industries and regions. It strategically describes the main players and comprehensively analyzes their market share and core competitiveness. It also tracks and analyzes competitive developments, such as their acquisitions, agreements, expansions and joint ventures in the market. The report also conducted a comprehensive review of the market drivers, constraints, opportunities and challenges of the propylene oxide market. In addition to the quantitative aspects of these markets, the report also covers qualitative aspects. Reason for buying this report: This report is expected to help market leaders/new entrants by providing them with the closest approximation of the revenue figures for the propylene oxide market and its segments. The report is also expected to help stakeholders gain an improved understanding of the market’s competitive landscape, gain insights to improve their business position and formulate appropriate listing strategies. It also enables stakeholders to understand the pulse of the market and provides them with information on key market drivers, constraints, challenges and opportunities. Read the full report: https://www.reportlinker.com/p05076311/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so that you can get all the market research you need instantly in one place. __________________________