Propylene Oxide Market

Propylene Oxide Market Segmented By Production Process,
Application, and End-Use Industry, 2018-2026
Propylene oxide (CH3CHCH2O) is a colorless volatile liquid. It is an organic
compound used in the production of polyether polyols, which in turn is used in
the production of polyurethane plastics. Propylene oxide can be produced by
hydrochorination or oxidation. Propylene oxide has various applications in
automotive and construction industries. Flexible foams, paints, sealants,
coolants, car seats brakes, and hydraulic fuels are components which propylene
oxide in the automotive industry Also, it is used as a chemical for paints,
waterproofing, coatings, adhesives, grouts, and materials. However, availability
of substitutes for propylene oxide are restraining growth of the market.
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TBA-co product process is a new process for manufacturing propylene oxide. It
is ecofriendly and generate low amount of waste product.
Propylene Oxide Market outlook:
Propylene oxide market in Asia Pacific region is gaining significant traction,
owing to the high demand for propylene oxide from end-use industries. The
demand for propylene has substantially increased due to new developments in
infrastructure, construction, and automotive industry. China, India, Japan, and
South Korea are the economies majorly contributing to growth of propylene
oxide. The reduction in taxes for the small engine car section in China has
resulted in the increased sale of cars, in turn fueling growth of the market for
propylene oxide. According to China Association of Automobile Manufacturers
(CAAM), China witnessed a year on year growth of 6.2% during 2016 - 2017.
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Propylene oxide market in Asia Pacific region is gaining significant traction, owing to the high demand for propylene oxide from end-use industries.

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