Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By End-use Industry (Automotive, Building & Construction, Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics, Others), By Application (Polyether Polyols, Propylene Glycol, Glycol Ethers, Others), By Production process (Chlorohydrin Process, Styrene Monomer Process, TBA Co-product Process, Cumene-based Process, Hydrogen Peroxide Process) And Competitive Landscape
Product Code: ETC13190287 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the global propylene oxide market has demonstrated significant growth in recent years, propelled by its utility in numerous industrial applications. Estimates suggest that the market was valued at approximately USD 17 billion in 2024, with a steady compound annual growth rate (CAGR) of about 6% expected during the forecast period of 2025–2031.
Report Name | Global Propylene oxide Market |
Forecast Period | 2025-2031 |
Market Size | USD 23.1 billion by 2031 |
CAGR | 6% |
Growing Sector | Automotive |
The Global Propylene oxide Market report thoroughly covers the market by Application, By End-use Industry, Production process and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The global propylene oxide market has been witnessing a considerable growth, owing to a rising usage across several sectors. Propylene oxide serves as a key ingredient in the production of polyurethane foams, which are extensively used in the automotive, construction, and furniture industries. Additionally, the market growth is estimated to surge due to a rise in its application in the manufacturing of glycol ethers and propylene glycol. With rising construction activities and the growing automotive sector in emerging markets, the demand for propylene oxide is expected to thrive.
Global Propylene oxide Market is expected to grow at a significant CAGR of 6% during the forecast period 2025-2031. The market’s growth is heavily driven by the rising demand for polyether polyols, a crucial component in the production of polyurethanes used in flexible and rigid foams for furniture, automotive interiors, and insulation. Additionally, the increasing adoption of propylene glycol in pharmaceuticals, personal care products, and antifreeze applications has further enhanced the Global Propylene oxide Market growth. Other drivers include the rapid industrialization in emerging economies, particularly in Asia and LATAM, and contemporary advancements in energy-efficient building materials which increase the demand for insulation foams.
Despite its promising growth trajectory, the propylene oxide market faces several challenges. One major hurdle is the high cost associated with the production processes, particularly the chlorohydrin process, which raises environmental concerns over chlorinated by-products. Stringent regulations regarding carbon emissions and workplace safety also pose constraints on manufacturers. Furthermore, supply chain disruptions and fluctuating raw material prices have added layers of uncertainty to the market landscape.
Emerging trends point to increased concerns regarding the environment and a rising demand for eco-friendly sustainable development processes. For example, an emerging trend of processing using hydrogen peroxide-based techniques, with lower waste, is becoming more prevalent. Another trend is the increased diversity of applications appearing in pharmaceuticals and personal care usage from population growth and shifts in consumer trends to health and wellness products. The growth of newer technologies is being implemented to increase process efficiencies and lower the cost of business operations, continues to impact competition in the" Propylene Oxide market.
The Global marketplace has many opportunities for investments, especially in the Asia-pacific region where demand is dominant to supply. Areas for investments come in capacities to provide production unit with sustainable technologies, production of biodegradable propylene oxide derivatives and relationships with end-use industries to boost supply chain efficiencies. Industries moving in the direction of green chemistry and other renewable raw material sources are likely to benefit with newer consumer preferences and continue to comply with evolving regulatory landscapes.
The propylene oxide market is dominated by major players such as Dow Inc., LyondellBasell Industries, BASF SE, Royal Dutch Shell, and Covestro AG. These companies are investing in research and development to innovate eco-friendly production techniques and expand their production capacities. BASF SE, for example, has prioritized the use of an HPPO process in its facilities, which combines efficiency with reduced environmental impact.
Governments around the world are enacting strict regulations to mitigate the environmental impact due to propylene oxide production. For example, many have specified or encouraged the use of lower-impact technology like the hydrogen peroxide-to-propylene oxide (HPPO) process in order to limit release of chlorinated by-products during deal. Governments in the EU, United States and China also put in place some workplace standards for people to lower health risks defined by propylene oxide use.
The market is expected to continue to surge in the coming years due to a rising demand for lighter materials in the automotive sector and for energy saving insulating materials. Production methods are also expected to continue being technically more efficient and sustainable in the future. Additionally, expanding healthcare facilities in developing markets will increase the need on propylene oxide products as pharmaceuticals and medical products. All these reasons should positively impact on the bright future of the global propylene oxide market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Based on the End-use Industry, the automotive industry emerges as a key segment, driven by demand for lightweight and durable material solutions like polyurethanes in vehicle interiors and exteriors.
According to Ravi Bhandari, Research Head, 6Wresearch, Asia-Pacific dominates the market owing to its vast industrial base and expanding infrastructure projects in countries like China and India. North America also holds a significant share due to innovations in automotive and construction applications.
The market report provides a detailed analysis of the following market segments:
Global Propylene oxide Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Propylene oxide Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Propylene oxide Market Revenues & Volume, 2021 & 2031F |
3.3 Global Propylene oxide Market - Industry Life Cycle |
3.4 Global Propylene oxide Market - Porter's Five Forces |
3.5 Global Propylene oxide Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Propylene oxide Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.7 Global Propylene oxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Propylene oxide Market Revenues & Volume Share, By Production process, 2021 & 2031F |
4 Global Propylene oxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Propylene oxide Market Trends |
6 Global Propylene oxide Market, 2021 - 2031 |
6.1 Global Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Propylene oxide Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.1.3 Global Propylene oxide Market, Revenues & Volume, By Building & Construction, 2021 - 2031 |
6.1.4 Global Propylene oxide Market, Revenues & Volume, By Textile & Furnishing, 2021 - 2031 |
6.1.5 Global Propylene oxide Market, Revenues & Volume, By Chemical & Pharmaceutical, 2021 - 2031 |
6.1.6 Global Propylene oxide Market, Revenues & Volume, By Packaging, 2021 - 2031 |
6.1.7 Global Propylene oxide Market, Revenues & Volume, By Electronics, 2021 - 2031 |
6.1.8 Global Propylene oxide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Propylene oxide Market, Revenues & Volume, By Polyether Polyols, 2021 - 2031 |
6.2.3 Global Propylene oxide Market, Revenues & Volume, By Propylene Glycol, 2021 - 2031 |
6.2.4 Global Propylene oxide Market, Revenues & Volume, By Glycol Ethers, 2021 - 2031 |
6.2.5 Global Propylene oxide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Propylene oxide Market, Revenues & Volume, By Chlorohydrin Process, 2021 - 2031 |
6.3.3 Global Propylene oxide Market, Revenues & Volume, By Styrene Monomer Process, 2021 - 2031 |
6.3.4 Global Propylene oxide Market, Revenues & Volume, By TBA Co-product Process, 2021 - 2031 |
6.3.5 Global Propylene oxide Market, Revenues & Volume, By Cumene-based Process, 2021 - 2031 |
6.3.6 Global Propylene oxide Market, Revenues & Volume, By Hydrogen Peroxide Process, 2021 - 2031 |
7 North America Propylene oxide Market, Overview & Analysis |
7.1 North America Propylene oxide Market Revenues & Volume, 2021 - 2031 |
7.2 North America Propylene oxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
7.4 North America Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
8 Latin America (LATAM) Propylene oxide Market, Overview & Analysis |
8.1 Latin America (LATAM) Propylene oxide Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Propylene oxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
8.4 Latin America (LATAM) Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
9 Asia Propylene oxide Market, Overview & Analysis |
9.1 Asia Propylene oxide Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Propylene oxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
9.4 Asia Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
10 Africa Propylene oxide Market, Overview & Analysis |
10.1 Africa Propylene oxide Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Propylene oxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
10.4 Africa Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
11 Europe Propylene oxide Market, Overview & Analysis |
11.1 Europe Propylene oxide Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Propylene oxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
11.4 Europe Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
12 Middle East Propylene oxide Market, Overview & Analysis |
12.1 Middle East Propylene oxide Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Propylene oxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Propylene oxide Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Propylene oxide Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
12.4 Middle East Propylene oxide Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Propylene oxide Market, Revenues & Volume, By Production process, 2021 - 2031 |
13 Global Propylene oxide Market Key Performance Indicators |
14 Global Propylene oxide Market - Export/Import By Countries Assessment |
15 Global Propylene oxide Market - Opportunity Assessment |
15.1 Global Propylene oxide Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Propylene oxide Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
15.3 Global Propylene oxide Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Propylene oxide Market Opportunity Assessment, By Production process, 2021 & 2031F |
16 Global Propylene oxide Market - Competitive Landscape |
16.1 Global Propylene oxide Market Revenue Share, By Companies, 2024 |
16.2 Global Propylene oxide Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |