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Propylene Oxide (PO) is a highly reactive Dave Henderson Athletics Jersey , colorless, and highly flammable, liquid which is a basic component for various industrial applications. It is used as demulsifier which separates crude oil from water. Propylene Oxide is mainly used for the production of propylene glycol but is also used as an intermediate for the production of polyether polyols for polyurethane foams. Polyurethane foams are utilized in furniture and car vehicles, and inflexible foams for machine and building protection. Polyether polyols likewise go into non-foam applications such as coatings, adhesives & sealants

Get sample Copy@ Some of the prominent factors that positively influence the growth of propylene oxide market are increasing construction activities, rising demand for oil & gas exploration, and increasing urbanization along with rising per capita disposable income in the developed and emerging economies. Moreover Catfish Hunter Athletics Jersey , continuous expansion of automotive industry as well as shifting manufacturers focus towards aviation industry are estimated to fuel the growth of the market during the review period, 2017 to 2023.


Market Segmentation


The global propylene oxide market is segmented into application, end use and regions. On the basis of application, the market is categorized into polyether polyols, propylene glycol, fumigation, adhesives & sealants Yonder Alonso FlexBase Jersey , & oil demulsifier. Among these application, oil demulsifier application is expected to grow with the highest CAGR on account of rising demand for oil and oil-derivatives, resulting in high production of petroleum products globally.


Moreover, the global production of crude oil is increasing, as various nations are focusing more on extracting oil from new as well as unconventional reserves. As of 2016, crude oil segment accounted for the largest market share and is predicted to continue its dominance over the assessment period. Additionally, growth of automotive sector Walt Weiss FlexBase Jersey , and expansion of refineries across the globe is estimated to fuel the demand for propylene oxide. Propylene oxide is widely used in the manufacture of polyether polyols for urethanes.


Regional Analysis


The Asia Pacific is estimated to be the largest market followed by North America and Europe due to strong existence of crude oil reserves. In North America, the U.S. and Mexico are predicted to register a strong growth on account of tremendous demand for propylene oxide in automotive and aviation manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for demulsifier in construction, food, and paints & coatings. It is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of adhesives & sealants is predicted to contribute to the regional market growth.


Access Report @ Key Players


Some of the prominent players operating in the propylene oxide market are The Dow Chemical Company (U.S.) Trevor Plouffe FlexBase Jersey , LyondellBasell Industries N.V. (Netherlands), Royal Dutch Shell plc (Netherlands), Huntsman Corporation (U.S.), BASF SE (Germany), Repsol S.A. (Spain), Asahi Glass Co., Ltd. (Japan) Tony Phillips FlexBase Jersey , INEOS Private Limited Company (U.K.), Sumitomo Group (Japan), Chevron Phillips Chemical (U.S.)

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A dedicated business development professional, Martin Tindall, Vanuatu has vast experience working towards the environment conservation. He has worked with many leading companies at several locations including Australia, United States and United Kingdom. At present, he is working as part of Kronos Limited- a leading company that focuses on improving the areas of land development Terry Steinbach FlexBase Jersey , technology, ecology and alternative energy. The company identifies new business opportunities and ensures that the advancement of enterprises provides multidimensional returns to their key in Tindall, Vanuatu is responsible for developing and incubating subsidiaries, projects and partnerships, such as South Pacific BioFuels, ECO2 Forests, Voice of North America Stephen Vogt FlexBase Jersey , World Property Company and EB5 Assist.


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