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US Propylene Oxide Market

ID: MRFR/CnM/18865-HCR
100 Pages
Chitranshi Jaiswal
October 2025

US Propylene Oxide Market Research Report: By Application (Polyether Polyols, Propylene Glycol, Fumigation, Adhesives & Sealants, Oil Demulsifier, Others) and By End User (Construction, Paints & Coatings, Oil & Gas, Transportation, Others) - Forecast to 2035

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US Propylene Oxide Market Infographic
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US Propylene Oxide Market Summary

As per Market Research Future analysis, the US propylene oxide market Size was estimated at 3780.99 USD Billion in 2024. The US propylene oxide market is projected to grow from 4003.69 USD Billion in 2025 to 7096.99 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US propylene oxide market is experiencing a shift towards sustainability and innovation, driven by evolving industry demands.

  • Sustainability initiatives are increasingly shaping production processes in the US propylene oxide market.
  • Technological advancements are enhancing efficiency and reducing environmental impact in propylene oxide manufacturing.
  • The construction sector emerges as the largest end-use industry, while the automotive sector is the fastest-growing segment.
  • Rising demand from end-use industries and a focus on eco-friendly products are key drivers of market growth.

Market Size & Forecast

2024 Market Size 3780.99 (USD Billion)
2035 Market Size 7096.99 (USD Billion)
CAGR (2025 - 2035) 5.89%

Major Players

BASF SE (DE), Dow Inc. (US), LyondellBasell Industries N.V. (NL), Huntsman Corporation (US), SABIC (SA), Mitsui & Co., Ltd. (JP), Shell Chemicals (GB), Formosa Plastics Corporation (TW), Repsol S.A. (ES)

US Propylene Oxide Market Trends

The propylene oxide market is currently experiencing notable shifts driven by various factors. The increasing demand for propylene oxide in the production of polyurethane foams, which are widely utilized in construction and automotive industries, appears to be a primary driver. Additionally, the growing emphasis on sustainability and eco-friendly materials is influencing manufacturers to explore bio-based alternatives, potentially reshaping the landscape of this market. Furthermore, advancements in production technologies may enhance efficiency and reduce costs, thereby impacting pricing strategies and market dynamics. In November 2025, the propylene oxide market seems poised for further evolution. Regulatory frameworks aimed at reducing environmental impact could lead to stricter compliance requirements for producers. This may encourage innovation in production methods, fostering a competitive environment. As consumer preferences shift towards sustainable products, the market may witness a gradual transition towards greener alternatives, which could redefine traditional supply chains and sourcing strategies. Overall, the propylene oxide market is likely to navigate a complex interplay of demand, regulatory pressures, and technological advancements in the near future.

Sustainability Initiatives

The propylene oxide market is increasingly influenced by sustainability initiatives. Manufacturers are exploring bio-based feedstocks and greener production methods to align with environmental regulations and consumer preferences. This shift may lead to the development of innovative products that meet both performance and ecological standards.

Technological Advancements

Technological advancements in production processes are shaping the propylene oxide market. Enhanced efficiency and cost-effectiveness in manufacturing could result from the adoption of new technologies. This may allow producers to optimize operations and respond more effectively to market demands.

Regulatory Compliance

Regulatory compliance is becoming a critical factor in the propylene oxide market. Stricter environmental regulations may compel manufacturers to adapt their practices, potentially increasing operational costs. However, this could also drive innovation as companies seek to meet compliance while maintaining competitiveness.

Market Segment Insights

By Application: Polyether Polyols (Largest) vs. Propylene Glycol (Fastest-Growing)

In the US propylene oxide market, Polyether Polyols holds the largest share, driven by its widespread application in the production of flexible foams, coatings, and adhesives. Propylene Glycol follows as an essential component in food additives, cosmetics, and pharmaceuticals, marking a significant presence in the market. Other segments like Fumigation, Adhesives & Sealants, and Oil Demulsifier, while relevant, contribute minimally compared to these leading categories. The growth trends within this segment indicate a robust demand, primarily propelled by increasing applications in various industrial sectors. Polyether Polyols dominate due to the rising demand for lightweight and durable materials. In contrast, Propylene Glycol is experiencing the fastest growth due to the expanding food and personal care industries, which are driving the need for high-quality and safe ingredients.

Polyether Polyols (Dominant) vs. Propylene Glycol (Emerging)

Polyether Polyols are the dominant segment in the US propylene oxide market, known for their versatility in applications ranging from flexible and rigid foams to coatings, adhesives, and sealants. This segment benefits from growing trends in lightweight materials and environmental sustainability, making it a preferred choice in various industries. On the other hand, Propylene Glycol, an emerging player, is gaining traction due to its multifaceted use, especially in food, pharmaceuticals, and consumer products. The increasing consumer preference for safe and efficient formulations is propelling Propylene Glycol's popularity as manufacturers seek high-purity alternatives. Both segments exhibit unique growth trajectories, impacting the overall landscape of the US propylene oxide market.

By End-use Industry: Construction (Largest) vs. Paints & Coatings (Fastest-Growing)

The US propylene oxide market exhibits significant diversity in its end-use industry segments, with Construction holding the largest share. This segment benefits from the increasing demand for durable and sustainable building materials, catalyzing its market dominance. Following closely is the Paints & Coatings segment, which is gaining traction due to heightened consumer preferences for high-quality and eco-friendly coatings. In terms of growth trends, the Paints & Coatings segment is marked as the fastest-growing, propelled by the escalating renovations in residential and commercial properties. This growth is further supported by the push towards environmentally friendly products, which aligns with the trend of sustainability in manufacturing. The Oil & Gas and Transportation segments also exhibit robust growth due to rising energy demands, while 'Others' encompass emerging applications that are gaining relevance in the market.

Construction (Dominant) vs. Paints & Coatings (Emerging)

The Construction segment is characterized by its vast contributions to the US propylene oxide market, driven by the rise in infrastructure projects and the demand for advanced materials. Its dominance is supported by a growing emphasis on insulation and durability, essential for modern construction. Conversely, the Paints & Coatings segment is emerging strongly, as it adapts to consumer demands for sustainable and high-performance coatings. Innovations in chemical formulations within this segment cater to both aesthetic and functional requirements, reflecting a shift towards more environmentally friendly options. Both segments are pivotal in shaping the future landscape of the US propylene oxide market, each responding distinctly to market needs and regulatory pressures.

Get more detailed insights about US Propylene Oxide Market

Key Players and Competitive Insights

The propylene oxide market exhibits a dynamic competitive landscape characterized by a blend of established players and emerging innovators. Key growth drivers include the increasing demand for propylene oxide in the production of polyurethane foams, coatings, and adhesives, alongside a growing emphasis on sustainability and eco-friendly production methods. Major companies such as Dow Inc. (US), BASF SE (DE), and Huntsman Corporation (US) are strategically positioned to leverage these trends. Dow Inc. (US) focuses on innovation and sustainability, investing in advanced manufacturing technologies to enhance efficiency and reduce environmental impact. Meanwhile, BASF SE (DE) emphasizes regional expansion and strategic partnerships to bolster its market presence, while Huntsman Corporation (US) is actively pursuing mergers and acquisitions to diversify its product offerings and enhance its competitive edge.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize manufacturing. The market structure appears moderately fragmented, with a few dominant players exerting considerable influence. This fragmentation allows for competitive pricing strategies, yet the collective strength of key players fosters a collaborative environment that encourages innovation and technological advancements.

In October 2025, Dow Inc. (US) announced the launch of a new line of bio-based propylene oxide, which is expected to reduce carbon emissions by up to 30%. This strategic move not only aligns with global sustainability goals but also positions Dow as a leader in the transition towards greener chemical production. The introduction of bio-based products may attract environmentally conscious consumers and businesses, thereby enhancing Dow's market share.

In September 2025, BASF SE (DE) expanded its production capacity in North America by 15%, responding to the rising demand for propylene oxide derivatives. This expansion is significant as it underscores BASF's commitment to meeting customer needs while reinforcing its competitive position in the market. The increased capacity is likely to facilitate quicker response times to market fluctuations, thereby enhancing customer satisfaction and loyalty.

In August 2025, Huntsman Corporation (US) completed the acquisition of a specialty chemicals firm, which is anticipated to enhance its product portfolio in the propylene oxide segment. This acquisition is strategically important as it allows Huntsman to integrate new technologies and expand its reach into untapped markets. The move may also provide synergies that improve operational efficiencies and reduce costs.

As of November 2025, current competitive trends in the propylene oxide market are increasingly defined by digitalization, sustainability initiatives, and the integration of artificial intelligence in production processes. Strategic alliances among key players are shaping the landscape, fostering innovation and collaborative solutions. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological advancements, supply chain reliability, and sustainable practices. Companies that prioritize innovation and adaptability may emerge as leaders in this rapidly changing market.

Key Companies in the US Propylene Oxide Market market include

Industry Developments

Recent developments in the US Propylene Oxide Market reflect notable activity among key players. In September 2023, BASF announced an expansion plan for its propylene oxide production facilities to enhance capacity due to rising demand in applications like automotive and construction. Meanwhile, in August 2023, Dow initiated a strategic collaboration with Chevron Phillips Chemical to optimize propylene oxide supply chains. This move is expected to bolster the production efficiencies of both companies, thereby creating a more resilient market structure.

Additionally, in July 2023, Eastman Chemical reported a significant increase in market share following its innovative sustainability initiatives in propylene oxide manufacturing. Over the past two years, notable investments include LyondellBasell’s $500 million facility upgrade in May 2022, aimed at improving operational efficiencies and reducing emissions. The current market valuation continues to grow as companies like Mitsui Chemicals and SABIC explore merger opportunities to strengthen their foothold in this competitive landscape. These advancements indicate a robust growth trajectory for the US Propylene Oxide Market, driven by collaboration and sustainability efforts among top industry players.

Future Outlook

US Propylene Oxide Market Future Outlook

The propylene oxide market is projected to grow at a 5.89% CAGR from 2024 to 2035, driven by increasing demand in automotive and construction sectors.

New opportunities lie in:

  • Development of bio-based propylene oxide production methods.
  • Expansion of propylene oxide applications in renewable energy technologies.
  • Investment in advanced recycling technologies for propylene oxide derivatives.

By 2035, the market is expected to achieve robust growth, driven by innovation and diversification.

Market Segmentation

US Propylene Oxide Market Application Outlook

  • Polyether Polyols
  • Propylene Glycol
  • Fumigation
  • Adhesives & Sealants
  • Oil Demulsifier
  • Others

US Propylene Oxide Market End-use Industry Outlook

  • Construction
  • Paints & Coatings
  • Oil & Gas
  • Transportation
  • Others

Report Scope

MARKET SIZE 20243780.99(USD Billion)
MARKET SIZE 20254003.69(USD Billion)
MARKET SIZE 20357096.99(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.89% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies Profiled["BASF SE (DE)", "Dow Inc. (US)", "LyondellBasell Industries N.V. (NL)", "Huntsman Corporation (US)", "SABIC (SA)", "Mitsui & Co., Ltd. (JP)", "Shell Chemicals (GB)", "Formosa Plastics Corporation (TW)", "Repsol S.A. (ES)"]
Segments CoveredApplication, End-use Industry
Key Market OpportunitiesGrowing demand for sustainable propylene oxide production methods presents significant opportunities in the propylene oxide market.
Key Market DynamicsRising demand for sustainable materials drives innovation and competition in the propylene oxide market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Propylene Oxide Market in 2024?

The US Propylene Oxide Market is expected to be valued at 3.9 billion USD in 2024.

What is the projected market size for the US Propylene Oxide Market by 2035?

By 2035, the US Propylene Oxide Market is anticipated to reach a value of 6.75 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Propylene Oxide Market from 2025 to 2035?

The expected CAGR for the US Propylene Oxide Market from 2025 to 2035 is 5.113 percent.

What are the largest segments within the US Propylene Oxide Market by application?

The largest segments include Polyether Polyols and Propylene Glycol, with values of 1.422 billion USD and 1.016 billion USD in 2024, respectively.

What is the market size for the Polyether Polyols segment in 2035?

The Polyether Polyols segment is projected to be valued at 2.402 billion USD in 2035.

What are some of the major players in the US Propylene Oxide Market?

Key players in the market include Mitsui Chemicals, BASF, Chevron Phillips Chemical, and Dow.

What is the market size for the Propylene Glycol segment in 2035?

The Propylene Glycol segment is expected to grow to 1.781 billion USD by 2035.

How much is the Fumigation segment valued in 2024 within the US Propylene Oxide Market?

The Fumigation segment is valued at 0.366 billion USD in 2024.

What is the expected market value for the Adhesives & Sealants segment in 2035?

The Adhesives & Sealants segment is anticipated to reach a value of 1.16 billion USD by 2035.

What impact do emerging trends have on the US Propylene Oxide Market?

Emerging trends create opportunities for growth, particularly in applications such as oil demulsifiers and environmentally friendly products.

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