Propylene oxide (CH3CHCH2O) is a colorless liquid, volatile in nature. 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 either by hydrochorination or by oxidation.
Propylene oxide has a wide range of end- use application, with automotive and construction industries being the largest end users. Propylene oxide is used as a chemical for paints, waterproofing, coatings, adhesives, grouts, and materials. Flexible foams, paints, sealants, coolants, car seats brakes, and hydraulic fuels are components in which propylene oxide is used in the automotive industry. However, the increase in the number of substitutes of propylene oxide are expected to hamper 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 development process of propylene oxide. Conventional production process generates huge amounts of waste products that are not environmental friendly. TBA- co product generation process eradicates the problem of waste generation and yields higher production than any other process.
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.
Some major player in the market are 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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