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.
Propylene Oxide Market Taxonomy:
On the basis of application, the global propylene oxide market is segmented into:
On the basis of production process, the global propylene oxide market is segmented into:
On the basis of end-use industry, the global propylene oxide market is segmented into:
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:
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.