프로필렌옥사이드 시장 규모, 점유율, 성장 분석 : 제조 공정별, 용도별, 최종 이용 산업별, 지역별 - 업계 예측(2026-2033년)

Propylene Oxide Market size was valued at USD 25.25 Billion in 2024 and is poised to grow from USD 26.74 Billion in 2025 to USD 42.3 Billion by 2033, growing at a CAGR of 5.9% during the forecast period (2026-2033).

The propylene oxide market presents substantial growth potential, driven primarily by rising demand for related products like propylene glycol, polyurethane foams, and glycol ethers across diverse sectors. Key industries such as automotive and construction are pivotal, utilizing polyurethane foams for insulation and cushioning. The pharmaceutical, cosmetics, and food processing sectors further fuel this market through their propylene glycol needs. A notable trend towards bio-based propylene oxide, utilizing renewable feedstocks, aligns with the increasing focus on sustainability and compliance with environmental regulations. Innovations in production processes, including HPPO and PO-DO, are enhancing efficiency and diminishing environmental footprints. Nonetheless, challenges such as raw material price volatility and environmental safety concerns underscore the importance of collaboration among industry players to leverage opportunities and fortify distribution channels.

Top-down and bottom-up approaches were used to estimate and validate the size of the Propylene Oxide market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Propylene Oxide Market Segments Analysis

Global Propylene Oxide Market is segmented by Production process, Application, End-use industry and region. Based on Production process, the market is segmented into Chlorohydrin Process, Styrene Monomer Process, TBA Co-product Process, Cumene-based Process and Hydrogen Peroxide Process. Based on Application, the market is segmented into Polyether Polyols, Propylene Glycol, Glycol Ethers and Others. Based on End-use industry, the market is segmented into Automotive, Building & Construction, Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Propylene Oxide Market

The propylene oxide market is significantly influenced by the growing utilization of polyurethane foams across numerous industries, including automotive, construction, furniture, and bedding. These foams are highly sought after for their applications in providing comfortable seating, effective insulation materials, and energy-efficient solutions. As consumer preferences lean towards enhanced comfort and sustainability, the demand for propylene oxide is propelled further. This trend underscores its integral role in the production of polyurethane foams, ultimately supporting a wide array of sectors that are increasingly prioritizing innovative materials to meet evolving market needs.

Restraints in the Propylene Oxide Market

The propylene oxide market faces significant challenges due to the inherent volatility of petroleum-based feedstocks, including crude oil and natural gas. The pricing fluctuations of these raw materials can substantially affect the production costs of propylene oxide, creating difficulties in financial planning and pricing strategies for market participants. Such price instability leads to uncertainty, which in turn hampers profitability and can discourage investment in the sector. This environment complicates decision-making for companies aiming to maintain competitiveness and stability in a market that is sensitive to external economic factors and supply chain disturbances.

Market Trends of the Propylene Oxide Market

The Propylene Oxide market is witnessing a notable shift towards non-fusion alternatives, reflecting an increased preference for sustainable solutions amid rising environmental awareness. This trend is propelled by the development and adoption of bio-based propylene oxide sourced from renewable feedstocks like biomass and plant materials, positioning it as a more eco-friendly substitute to conventional petroleum-derived products. As stakeholders navigate stringent environmental regulations and aim for sustainable manufacturing practices, the demand for greener options is likely to grow, shaping the market dynamics and encouraging innovation within the industry to satisfy both regulatory requirements and consumer eco-consciousness.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Analysis
• Patent Analysis

Global Propylene Oxide Market Size by Production process & CAGR (2026-2033)

• Market Overview
• Chlorohydrin Process
• Styrene Monomer Process
• TBA Co-product Process
• Cumene-based Process
• Hydrogen Peroxide Process

Global Propylene Oxide Market Size by Application & CAGR (2026-2033)

• Market Overview
• Polyether Polyols
• Propylene Glycol
• Glycol Ethers
• Others

Global Propylene Oxide Market Size by End-use industry & CAGR (2026-2033)

• Market Overview
• Automotive
• Building & Construction
• Textile & Furnishing
• Chemical & Pharmaceutical
• Packaging
• Electronics
• Others
  • Food
  • Paints & Coatings

Global Propylene Oxide Market Size & CAGR (2026-2033)

• North America (Production process, Application, End-use industry)
  • US
  • Canada
• Europe (Production process, Application, End-use industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Production process, Application, End-use industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Production process, Application, End-use industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Production process, Application, End-use industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• LyondellBasell Industries N.V. (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Royal Dutch Shell plc (United Kingdom/Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huntsman Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Repsol S.A. (Spain)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INEOS Oxide (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AGC Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Balchem Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Befar Group (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indorama Ventures Public Company Limited (Thailand)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Manali Petrochemicals Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Merck KGaA (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PCC Rokita SA (Poland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sadara Chemical Company (Saudi Arabia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SKC Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Chemical Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tianjin Dagu Chemical Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tokuyama Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wanhua Chemical Group Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations