Increasing demand in the construction industry is projected to fuel the growth of the global propylene oxides market at a CAGR of 5.87% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global Propylene Oxides Market”.

The Propylene Oxides market is estimated to register a CAGR of 5.87% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Propylene Oxides market— Lyondellbasell Industries (Netherlands), Shell plc (United Kingdom), BASF SE (Germany), Evonik Industries (Germany), Dow Chemical Company (United States), Huntsman Corporation (United States), Repsol S.A. (Spain), Asahi Glass Co. Ltd. (Japan), Sumitomo Chemical Company (United Kingdom), INEOS Group (Japan), and Balchem Corporation (United States).

Market Highlights

The global propylene oxides market is accounted for to register a CAGR of 5.87% during the forecast period and is estimated to reach USD 25,356.9 million by 2030.

Propylene oxide is a key raw material in the production of polyurethane foams, elastomers, and coatings. It reacts with polyols to form polyether polyols, which are essential components in polyurethane formulations. Propylene oxide is used in the manufacture of propylene glycols, including propylene glycol (PG) and dipropylene glycol (DPG). These glycols are found in end-use industries in various industries, such as cosmetics, pharmaceuticals, food additives, and industrial solvents. Propylene oxide serves as an intermediate in the synthesis of various chemicals, including propylene glycol ethers, propylene carbonate, and glycol ethers acetates. These chemicals are used in end-use industries such as solvents, resins, coatings, and detergents.

The primary force behind the growth of the propylene oxides market worldwide is the increasing demand in the construction industry. Propylene oxide is sometimes used as a fumigant to control pests in agricultural products and stored grain. However, its use as a fumigant is regulated due to its potential environmental and health concerns.

Segment Analysis

The global propylene oxides market has been segmented based on application, end-use industry, and region.

The global propylene oxides market segmentation, based on application has been segmented as polyether polyols, propylene glycol, fumigation, adhesives & sealants, oil demulsifier, and others. Among these, polyether polyols are projected to dominate the global propylene oxides market revenue through the projected period as estimated by MRFR analysts.

Polyether polyols are a class of polymers derived from the reaction of propylene oxide with various polyols. The propylene oxide molecules are polymerized to form a polyether backbone, resulting in the formation of polyether polyols. These polyols are widely used in the production of polyurethane foams, elastomers, coatings, adhesives, and sealants. The demand for propylene oxide is largely driven by the growing consumption of polyurethane products. Polyurethane foams have a wide range of applications in industries such as construction, automotive, furniture, bedding, and insulation. The production of polyurethane foams requires significant quantities of polyether polyols, and therefore, propylene oxide is a critical raw material in this context.

Based on end-use industry, the market is segmented into construction, paints & coatings, oil & gas, transportation, and others. Out of which the construction segment dominated the base year market and is also projected to be holding a dominating share in the forecasted period as well. The construction sector utilizes polyurethane materials in various applications, such as insulation for buildings, sealants and adhesives for construction projects, and flexible and rigid foams for insulation and cushioning purposes. These polyurethane products provide thermal insulation, structural support, water resistance, and other desirable properties in construction projects. Other industries, such as automotive, furniture, bedding, packaging, and insulation, also contribute to the demand for polyurethane products and consequently influence the demand for propylene oxide.

Regional Analysis

By Region, the study segments the propylene oxides market into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The APAC region, including countries such as China, India, Japan, South Korea, and Southeast Asian nations, has experienced significant economic growth over the past decades. APAC, particularly China, has a robust manufacturing base across various industries, including chemicals and plastics. The region's extensive industrial infrastructure and capabilities support the production and consumption of propylene oxides.

The APAC region, with its large population and expanding economies, has witnessed substantial growth in sectors such as construction, automotive, electronics, and packaging. These industries utilize propylene oxides in the production of polyurethane foams, coatings, adhesives, and other applications. The increasing demand for these products in APAC drives the need for propylene oxides.

Key Findings of the Study

• The global propylene oxides market is expected to reach USD 25,356.9 million by 2030, at a CAGR of 5.87% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on application, the polyether polyols segment was attributed to holding the largest market in 2022.


• Based on end-use industry, the construction segment was attributed to holding the largest market in 2022.


• Lyondellbasell Industries (Netherlands), Shell plc (United Kingdom), BASF SE (Germany), Evonik Industries (Germany), Dow Chemical Company (United States), Huntsman Corporation (United States), Repsol S.A. (Spain), Asahi Glass Co. Ltd. (Japan), Sumitomo Chemical Company (United Kingdom), INEOS Group (Japan), and Balchem Corporation (United States) are the key market players.