Propylene oxide market in Asia Pacific region is gaining significant traction, owing to the high demand for propylene oxide from end-use industries.
Propylene Oxide Market, By Production Process, Application, and End-Use Industry Till 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. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/856 TBA-co product process is a new process for manufacturing propylene oxide. It is ecofriendly and generate low amount of waste product. Production of automobiles is expected to grow over the forecast period, owing to presence of leading automotive companies in North America such as Ford, General motors, and Fiat. Moreover, New Building Canada Fund has targeted an investment of US$ 10 billion over a 10 year period i.e. 2014-24 to build public infrastructure. Propylene is the major raw material for production of propylene oxide, which is produced from crude oil. Demand for propylene oxide in the Middle East is growing, owing to rampant growth of the construction and oil and gas industries. Moreover, new investments in Qatar and Saudi Arabia for the FIFA world cup 2022 is expected to substantially increase construction of hotels, stadiums, malls, and public infrastructure. This in turn, is expected to boost growth of the propylene oxide market. Major players are adopting both organic and inorganic growth strategies. For instance, Clariant (SIX: CLN) and Huntsman Corporation (NYSE: HUN) are planning to complete their merger, by December 2018. Major player operating in propylene oxide the market Major players are adopting both organic and inorganic growth strategies. For instance, Clariant (SIX: CLN) and Huntsman Corporation (NYSE: HUN) are planning to complete their merger, by December 2018. Major player operating in propylene oxide the market include SK Chemicals, The Dow Chemicals Royal Dutch Shell, Tokuyama Corporation, Co., Ltd., BASF S.E., Huntsman International LLC., AGC Chemicals, CSPC Pharmaceutical Group Limited, Air Products and Chemicals, Inc., China Petrochemical Corporation, Eastman Chemical Company, Inc., PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama, Hanwha Group, The Dow Chemical Company, Sumitomo Chemical, Repsol, Air Liquide, and Mitsui Chemicals. For More Information: http://bit.ly/2lTdVwh About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
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