May 3, 2018   SOURCE: BusinessWire

Global Propylene Oxide Market 2018 Forecast to 2023: Significant Growth Expected in the APAC Region due to Booming Construction Industry - ResearchAndMarkets.com

The "Global Propylene Oxide Market - Segmented by End-Product, End-user and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global propylene oxide market is expected to register significant growth during the forecast period of 2018-2023. Owing to the booming construction industry in the region, Asia-Pacific is expected to be the largest geographical segment. By end product, the polyether polyols segment accounts for the largest share of the market studied.

The polyurethane produced from polyether polyols is used in both rigid and flexible forms. The construction and automotive industries are the major end users of polyurethane foams. Polyether polyols, used for the production of polyurethane, account for around three fourth of the global consumption of propylene. Due to its application as a cushioning and insulation foam, there has been a significant rise in the demand for polyurethane in the automotive sector. The growth of the automotive industry in Europe is expected to propel the growth of the market studied.

The increasing use of propylene derivative, polyurethane, in the construction industry, has helped the propylene market to have a strong hold in the building and infrastructure segments. Polyurethane is often used in rigid form in the construction sector. The recovering construction sector in Europe, in Germany and France, is expected to have a significant impact on the growth of the propylene oxide market. Moreover, increasing infrastructure investments in the developing regions of Asia-Pacific are expected to propel the growth of the market.

Notable Developments in the Market

  • July 2017: LyondellBasell announced plans to build the world's largest PO/TBA plant in Texas.

Major Players

  • Dow Chemicals
  • BASF SE
  • LyondellBasell Industries Holdings BV
  • Huntsman International LLC

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

  • Asahi Glass
  • LyondellBasell Industries Holdings B.V.
  • The Dow Chemicals
  • SK Chemicals
  • Royal Dutch Shell
  • Sumitomo Chemical Co. Ltd.
  • BASF SE
  • Huntsman International LLC.
  • AGC Chemicals
  • Repsol
  • CSPC Pharmaceutical Group Limited

For more information about this report visit https://www.researchandmarkets.com/research/9k74sh/global_propylene?w=4