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Propylene Oxide Insights

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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.
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.
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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.
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.
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Author
pallavi.reddy
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