Global Propylene Oxide Market Growth Model of Top 10 Companies, Potential InvestPosted by Priya on November 1st, 2018 Propylene Oxide Market Overview 2023 Propylene Oxide (PO) is a highly reactive, colorless, and highly flammable, liquid which is a basic component for various industrial applications. It is used as demulsifier which separates crude oil from water. Propylene Oxide is mainly used for the production of propylene glycol, but is also used as an intermediate for the production of polyether polyols for polyurethane foams. Polyurethane foams are utilized in furniture and car vehicles, and inflexible foams for machine and building protection. Polyether polyols likewise go into non-foam applications such as coatings, adhesives & sealants Get your sample report now @ https://www.marketresearchfuture.com/sample_request/4770 Some of the prominent factors that positively influence the growth of propylene oxide market are increasing construction activities, rising demand for oil & gas exploration, and increasing urbanization along with rising per capita disposable income in the developed and emerging economies. High adoption rate along with the increasing number of power plants to meet the energy for the ever-growing population. Moreover, continuous expansion of automotive industry as well as shifting manufacturers focus towards aviation industry are estimated to fuel the growth of the market during the review period, 2017 to 2023. Top 10 Global key Players & Their Strategy Some of the prominent players operating in the Propylene Oxide Market are The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (the Netherlands), Royal Dutch Shell plc (the Netherlands), Huntsman Corporation (U.S.), BASF SE (Germany), Repsol S.A. (Spain), Asahi Glass Co., Ltd. (Japan), INEOS Private Limited Company (U.K.), Sumitomo Group (Japan), Chevron Phillips Chemical (U.S.). Propylene Oxide is a highly reactive compound, found as a colorless liquid and is used majorly in the manufacture of Polyether Polyols and propylene glycol. Polyether Polyols is an intermediate in the production of polyurethane foam which finds major application as coatings, adhesives & sealants among others. Polyether Polyols are also used as oil demulsifiers which is a major use in oil and gas exploration. Intended Audience
Propylene Oxide Market – Competitive Analysis It is anticipated that these factors would drive the transportation sector in order to meet the needs of public and global traders. Propylene Oxide has major use as fumigation in food industry. Since, it is a certified compound in food industry to reduce the bacteria and other related microbes and it is anticipated that this cause would drive the Propylene Oxide Market in this forecast period. Browse complete Report now @ https://www.marketresearchfuture.com/reports/propylene-oxide-market-4770 Segmentation Analysis The Global Propylene Oxide Market is segmented on the basis of applications, end use industry and region. On the basis of applications, the market is segmented into polyether polyols, propylene glycol, fumigation, adhesives and sealants, & oil demulsifier. On the basis of end use industry, the market is classified into construction, paints and coatings, oil & gas, food, & transportation. On the basis of region, the market is segmented into Asia Pacific, North America, Europe, Middle East & Africa and Latin America. Regional Analysis North American audience of Propylene Glycol Market are more in the transportation sector. Since this industry uses Propylene Glycol as hydraulic fluids in the automotive industry and as well as de-icing agent in airplanes and other aerospace vehicles therefore factors will drive the market in the forecast period. Like it? Share it! More by this author |