The Propylene Oxide Market is expected to account for USD 24.13 Billion in 2026, registering a steady CAGR of 5.9%. Propylene oxide is an organic volatile, flammable, and colourless liquid compound that gets dissolves with both alcohol and ether. This compound is utilised as an intermediate for the manufacturing of various commercial goods. It is majorly utilised in the manufacture of coatings, adhesives, rigid foams, flexible foams, elastomers, and injection mouldings. The growing technological developments and research advancements are contributing to the expansion of the market, according to the latest report published by Reports and Data. The report offers significant insight into key elements of the market, such as drivers, restraints, challenges, strategic expansions, market size and share, growth prospects, threats.
The report also sheds light on the factors influencing the growth of the market, particularly the ongoing COVID-19 pandemic. The report discusses in detail the extensive impact of the COVID-19 pandemic on the supply chain, demands, trends, and overall dynamics of the Propylene Oxide market. It also offers a futuristic growth outlook of the Propylene Oxide market in a post-COVID-19 scenario.
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Key Players Profiled in the Report are:
Raytheon Company, Lockheed Martin Corporation, Boeing, Israel Aerospace Industries, BAE Systems Plc., MBDA, Kongsberg Group, Rafael Advanced Defense Systems Ltd., L-3 Technologies Inc., and FN Herstal S.A among others.
Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2027)
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End User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2027)
The Propylene Oxide Market Report Offers:
Propylene is utilised to produce super flexible foams for furniture, bedding, seat cushioning and carpet underlay in automobiles while polyurethanes are utilised to produce much rigid foams to provide thermal insulation in packaging & commercial refrigeration and construction industry. The increase in the consumption of products which include popylene glycols, polyalkylene glycols, and propylene glycol ethers will fuel the expansion of market. High consumption in latex paints, wetting agents, lubricants, oil-field chemicals, defoamers, greases, and water scavengers will boost the revenues generated by the market.
Asia Pacific is expected to hold the largest market share of 33% in the year 2026. The rapid growth in infrastructure and the rise in population are responsible for change in lifestyle and living standard and results in propelling the growth of the market. Europe accounted for a market share of 27% in the year 2018.
The regional analysis covers:
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The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.
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