Propylene Oxide Market - Global Industry Size, Share, Growth, Analysis, Outlook and Forecast to 2022 : Brisk Insights

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Date Submitted: 09/13/2016 03:35 AM

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According to a recently published report, the global Propylene Oxide Market has been expected to grow at the CAGR of 3.6% during 2016-2022. The global propylene oxide market is segmented on the basis of material and applications. The report on global propylene oxide market forecast 2016-2022 (by material and applications) provides detailed overview and predictive analysis of the market.

Detailed study on this Report:

The global propylene oxide market has been anticipated to witness significant growth owing to increase in the demand for polyurethanes in numerous segments including automotive, furniture, packaging, footwear & construction industries. Polyols, one of the chemical intermediate product of propylene oxide is mainly used in automotive sector for head rests, arm rests and cushioning purposes. Moreover, the increasing demand for automobiles has been anticipated to influence the demand for propylene oxide significantly in the upcoming scenario. In 2015, around 73.9 million passenger cars were sold at global level. Along with China, U.S. is also considered amongst the largest automobile market globally, both in the terms of sales and production. The increasing sales and production of automotive in various countries has been expected to positively influence the demand for propylene oxide due to its significant usage in the automotive sector. The other factors that are contributing significantly towards the growth of this market are increasing consumption of the product in the production of substances including polyalkylene glycols, propylene glycols and propylene glycol ethers as well as high demand in the biological samples production for electron microscopy. Moreover, rapid industrialization along with rising disposable income of consumers has been expected to drive the demand for interior goods & furniture, which will proportionately augment the demand for propylene oxide during the forecasted...