Propylene Oxide Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, Germany - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 166 SKU: IRTNTR76950

Propylene Oxide Market Forecast 2024-2028

The propylene oxide market size is estimated to grow by USD 6.24 billion at a CAGR of 4.72% between 2023 and 2028. The growing demand for polyurethane, driven by its versatility and wide range of applications in industries such as construction, automotive, and furniture, is driving market growth by increasing the demand for polyurethane-based products and materials. The growing demand for lightweight materials, driven by the need for fuel efficiency and environmental sustainability, is also boosting market expansion by creating a demand for lightweight materials in industries such as automotive, aerospace, and construction. Additionally, the rapid economic growth in APAC, driven by industrialization and urbanization, is driving market growth by increasing the demand for polyurethane and lightweight materials in the region.

What will be the Market Size During the Forecast Period?

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Market Segment

The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Application, which comprises polyether polyols, propylene glycols, glycol ethers, and others. Additionally, it categorizes End-users into automotive, building and construction, textile and furnishing, and others and covers Geographical regions, including North America, APAC, Europe, the Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

By Application 

The market share growth by the polyether polyols segment will be significant during the forecast period. The polyether polyol manufacturing process involves the reaction of propylene oxide with a polyfunctional alcohol, resulting in the formation of polyether polyols. Polyurethane foams made from polyether polyols are widely used in the construction industry for insulation purposes.

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The polyether polyols was the largest segment and was valued at USD 12.60 billion in 2018. With the global focus on energy efficiency and sustainability, there is an increasing demand for insulation materials, contributing to the growth of the polyether polyols segment. Polyurethane materials derived from polyether polyols are used in automotive interiors, seating, and various other components due to their lightweight and durable properties. As the automotive industry continues to grow and seek lighter materials to enhance fuel efficiency and achieve sustainability, the demand for polyether polyols will increase. Overall economic growth, especially in regions with rapidly growing industrial sectors, can lead to increased demand for polyurethane products and, consequently, polyether polyols and propylene oxide, thereby boosting the growth of the market during the forecast period.

By End-user 

Based on the end-user, the market has been segmented into automotive, building and construction, textile and furnishing, and others. The automotive segment will account for the largest share of this segment.? The demand in the automotive sector is influenced by several factors, including the overall growth of the global automotive industry, trends in vehicle design and manufacturing, and regulatory requirements. As the automotive industry evolves, with a focus on incorporating lightweight materials and enhancing comfort and safety features, the demand for propylene oxide and its derivatives may experience corresponding changes, thus leading to the growth of the propylene oxide market during the forecast period.

By Region 

APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region, particularly countries such as China and India, has experienced rapid industrialization and urbanization. This growth has led to an increased demand for a variety of chemical products, including propylene oxide, which is a key intermediate in the production of polyurethanes and other chemicals. The robust construction industry and infrastructure development in many countries across APAC have driven the demand for polyurethane foams and other materials. These materials are commonly used in insulation, coatings, adhesives, and sealants in the construction sector. The expanding automotive industry in APAC, which is driven by both domestic sales and exports of automobiles, has contributed to the demand for propylene oxide.

In addition, polyurethane materials derived from propylene oxide are used in various automotive components, including seat cushions, interior trims, and insulation. In addition, the overall growth of the chemical industry in APAC, driven by demand from various end-user industries, has positively impacted the demand for propylene oxide, which, in turn, will boost the growth of the market in APAC during the forecast period.

Market Definition 

Propylene oxide is a vital chemical compound that is primarily used as an intermediate in the production of various materials. It is a versatile organic compound with the chemical formula C3H6O and is highly reactive due to its three-carbon, cyclic ether structure.

Market Dynamics

The market is driven by its use in the production of polyurethane foam products, particularly in the automotive industry. Manufacturing facilities rely on propylene, a key component derived from refineries and petrochemical products, for the synthesis of propylene oxide (PO). This compound is essential for the production of various materials, including flexible foams and rigid foams, used in automotive cushioning, bedding, and furniture. The market's growth is supported by the increasing demand for polyurethane materials, with propylene oxide playing a crucial role in their production process.

Key Market Driver

Growing demand for polyurethane is notably driving the market growth. The primary driver of demand is the polyurethane industry, where polyurethane foams are utilized in various sectors including construction, automotive, furniture, and bedding. The expanding global healthcare sector and ongoing advancements in medical technology also fuel the need for polyurethane in this field. Additionally, the focus on energy efficiency and sustainability across industries has led to a rise in the adoption of polyurethane materials, particularly in insulation applications, where they help reduce energy consumption. This trend is seen in various sectors, including the automotive industry and manufacturing facilities. Polyurethane is derived from propylene, a product of refineries and a key component in petrochemical products. The demand for propylene is also influenced by its use in the production of gasoline, diesel, and jet fuel through steam crackers.

Furthermore, polyurethane is employed in the electronics industry for potting and encapsulating electronic components, as well as in packaging materials. The increasing prevalence of electronic devices worldwide and the demand for protective packaging are driving the greater use of polyurethane in these areas. Therefore, the rising utilization of polyurethane is expected to positively impact market growth in the coming years.

Significant Market Trends

Growth in the global automotive industry is an emerging trend shaping the market. The growth of the global automotive industry significantly impacts the demand due to its essential role in producing various materials used in automotive manufacturing. This is a key raw material used in the production of polyurethane, which finds extensive use in automotive applications. Polyurethane foams, derived from propylene oxide, are used in seat cushions, headrests, armrests, interior trims, and insulation components within vehicles. Automakers are aiming to reduce the weight of automobiles for improved fuel efficiency and performance. 

However, the expansion and evolution of the global automotive industry influence the demand due to their versatility, performance, and suitability for various automotive applications. As automakers continue to innovate, prioritize sustainability, and meet evolving consumer demands, the demand for propylene oxide is likely is surge, which will have a positive impact on the market during the forecast period.

Major Market Challenge

Environmental and regulatory concerns are significant challenges hindering market growth. The production involves processes that may lead to the release of pollutants or hazardous by-products. The need for compliance with stringent environmental standards and safety regulations adds to the complexity and cost of propylene oxide production, thereby negatively impacting the overall competitiveness in the market. Propylene oxide is classified as a hazardous substance; the handling, storage, and transportation of propylene oxide requires adherence to stringent safety protocols to mitigate risks to workers and the environment. These concerns can impact propylene oxide production practices and costs. 

Additionally, compliance with evolving regulations regarding emissions, waste disposal, and workplace safety can require significant investments in technology upgrades, process modifications, and employee training, thereby impacting the overall cost of propylene oxide production, which may negatively impact the growth of the market during the forecast period.

Key Propylene Oxide Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Befar Group Co. Ltd. - The company offers propylene oxide, mainly used in polyether polyols, propylene glycol, various non-ionic surfactants, and many more. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Archer Daniels Midland Co., BASF SE, Befar Group Co. Ltd., Dow Chemical Co., Evonik Industries AG, Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, LyondellBasell Industries N.V., Manali Petrochemicals Ltd., Merck and Co. Inc., Repsol SA, Sadara Chemical Co., Shell plc, SK Chemicals Co. Ltd., Sumitomo Chemical Co. Ltd., Tokuyama Corp., Wanhua Chemical Group Co. Ltd., Balchem Inc., and ThyssenKrupp AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook 
    • Polyether polyols
    • Propylene glycols
    • Glycol ethers
    • Others
  • End-user Outlook
    • Automotive
    • Building and construction
    • Textile and furnishing
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is driven by its versatile applications in industries such as automobile cushioning, construction materials, and medical garments. Derived from petroleum or bio-based feedstock like canola oil and soybean oil, it offers bonding properties and thermal insulation. Despite concerns over its toxic nature, advancements in greener processes aim to reduce environmental impact and lower greenhouse gas emissions. The market sees growth in energy-efficient materials for lightweight vehicles and reduced energy consumption in the refrigeration sector. Regulatory compliance and safety standards drive the shift towards sustainable products with minimized carbon footprint.

 Market Scope

Report Coverage

Details

Page number

166

Base year

2023

Historic period

  2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.72%

Market Growth 2024-2028

USD 6.24 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.52

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 49%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Archer Daniels Midland Co., BASF SE, Befar Group Co. Ltd., Dow Chemical Co., Evonik Industries AG, Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, LyondellBasell Industries N.V., Manali Petrochemicals Ltd., Merck and Co. Inc., Repsol SA, Sadara Chemical Co., Shell plc, SK Chemicals Co. Ltd., Sumitomo Chemical Co. Ltd., Tokuyama Corp., Wanhua Chemical Group Co. Ltd., Balchem Inc., and thyssenkrupp AG

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global propylene oxide market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global propylene oxide market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Polyether polyols - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Polyether polyols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Polyether polyols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Polyether polyols - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Polyether polyols - Year-over-year growth 2023-2028 (%)
    • 6.4 Propylene glycols - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Propylene glycols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Propylene glycols - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Propylene glycols - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Propylene glycols - Year-over-year growth 2023-2028 (%)
    • 6.5 Glycol ethers - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Glycol ethers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Glycol ethers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Glycol ethers - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Glycol ethers - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 52: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 54: Chart on Comparison by End-user
      • Exhibit 55: Data Table on Comparison by End-user
    • 7.3 Automotive - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.4 Building and construction - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Building and construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Building and construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Building and construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Building and construction - Year-over-year growth 2023-2028 (%)
    • 7.5 Textile and furnishing - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Textile and furnishing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Textile and furnishing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Textile and furnishing - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Textile and furnishing - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 72: Market opportunity by End-user ($ billion)
      • Exhibit 73: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 115: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Balchem Inc.
              • Exhibit 127: Balchem Inc. - Overview
              • Exhibit 128: Balchem Inc. - Business segments
              • Exhibit 129: Balchem Inc. - Key offerings
              • Exhibit 130: Balchem Inc. - Segment focus
            • 12.4 BASF SE
              • Exhibit 131: BASF SE - Overview
              • Exhibit 132: BASF SE - Business segments
              • Exhibit 133: BASF SE - Key news
              • Exhibit 134: BASF SE - Key offerings
              • Exhibit 135: BASF SE - Segment focus
            • 12.5 Befar Group Co. Ltd.
              • Exhibit 136: Befar Group Co. Ltd. - Overview
              • Exhibit 137: Befar Group Co. Ltd. - Product / Service
              • Exhibit 138: Befar Group Co. Ltd. - Key offerings
            • 12.6 Dow Chemical Co.
              • Exhibit 139: Dow Chemical Co. - Overview
              • Exhibit 140: Dow Chemical Co. - Business segments
              • Exhibit 141: Dow Chemical Co. - Key news
              • Exhibit 142: Dow Chemical Co. - Key offerings
              • Exhibit 143: Dow Chemical Co. - Segment focus
            • 12.7 Evonik Industries AG
              • Exhibit 144: Evonik Industries AG - Overview
              • Exhibit 145: Evonik Industries AG - Business segments
              • Exhibit 146: Evonik Industries AG - Key news
              • Exhibit 147: Evonik Industries AG - Key offerings
              • Exhibit 148: Evonik Industries AG - Segment focus
            • 12.8 INEOS Group Holdings SA
              • Exhibit 149: INEOS Group Holdings SA - Overview
              • Exhibit 150: INEOS Group Holdings SA - Business segments
              • Exhibit 151: INEOS Group Holdings SA - Key news
              • Exhibit 152: INEOS Group Holdings SA - Key offerings
              • Exhibit 153: INEOS Group Holdings SA - Segment focus
            • 12.9 LyondellBasell Industries N.V.
              • Exhibit 154: LyondellBasell Industries N.V. - Overview
              • Exhibit 155: LyondellBasell Industries N.V. - Business segments
              • Exhibit 156: LyondellBasell Industries N.V. - Key news
              • Exhibit 157: LyondellBasell Industries N.V. - Key offerings
              • Exhibit 158: LyondellBasell Industries N.V. - Segment focus
            • 12.10 Merck and Co. Inc.
              • Exhibit 159: Merck and Co. Inc. - Overview
              • Exhibit 160: Merck and Co. Inc. - Business segments
              • Exhibit 161: Merck and Co. Inc. - Key news
              • Exhibit 162: Merck and Co. Inc. - Key offerings
              • Exhibit 163: Merck and Co. Inc. - Segment focus
            • 12.11 Repsol SA
              • Exhibit 164: Repsol SA - Overview
              • Exhibit 165: Repsol SA - Product / Service
              • Exhibit 166: Repsol SA - Key offerings
            • 12.12 Sadara Chemical Co.
              • Exhibit 167: Sadara Chemical Co. - Overview
              • Exhibit 168: Sadara Chemical Co. - Product / Service
              • Exhibit 169: Sadara Chemical Co. - Key offerings
            • 12.13 Shell plc
              • Exhibit 170: Shell plc - Overview
              • Exhibit 171: Shell plc - Business segments
              • Exhibit 172: Shell plc - Key offerings
              • Exhibit 173: Shell plc - Segment focus
            • 12.14 SK Chemicals Co. Ltd.
              • Exhibit 174: SK Chemicals Co. Ltd. - Overview
              • Exhibit 175: SK Chemicals Co. Ltd. - Product / Service
              • Exhibit 176: SK Chemicals Co. Ltd. - Key offerings
            • 12.15 Sumitomo Chemical Co. Ltd.
              • Exhibit 177: Sumitomo Chemical Co. Ltd. - Overview
              • Exhibit 178: Sumitomo Chemical Co. Ltd. - Business segments
              • Exhibit 179: Sumitomo Chemical Co. Ltd. - Key offerings
              • Exhibit 180: Sumitomo Chemical Co. Ltd. - Segment focus
            • 12.16 thyssenkrupp AG
              • Exhibit 181: thyssenkrupp AG - Overview
              • Exhibit 182: thyssenkrupp AG - Business segments
              • Exhibit 183: thyssenkrupp AG - Key offerings
              • Exhibit 184: thyssenkrupp AG - Segment focus
            • 12.17 Wanhua Chemical Group Co. Ltd.
              • Exhibit 185: Wanhua Chemical Group Co. Ltd. - Overview
              • Exhibit 186: Wanhua Chemical Group Co. Ltd. - Product / Service
              • Exhibit 187: Wanhua Chemical Group Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              propylene oxide market market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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