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市場調查報告書
商品編碼
1540889
2024-2032 年按生產流程、應用、最終用途產業和地區分類的環氧丙烷市場報告Propylene Oxide Market Report by Production Process, Application, End Use Industry, and Region 2024-2032 |
2023年全球環氧丙烷市場規模達210億IMARC Group。眾多最終用途行業中生物基替代品和永續實踐的出現、新興經濟體對先進材料的認知不斷提高以及汽車行業的擴張,以及農業化學品配方技術的不斷進步,這些都是推動農業化學品永續發展的因素。
環氧丙烷是一種無色揮發性液體,屬於環氧化物類化合物。作為聚氨酯塑膠生產的關鍵成分,它服務於各種工業應用。該物質的具體特徵是具有刺鼻的類似醚的氣味,並且能夠輕鬆地與多種有機材料發生反應。它通常用於製造軟質泡沫、黏合劑、密封劑和塗料,在各個行業中發揮重要作用。該化合物獨特的工作機制在於其能夠與其他物質共聚,從而形成具有所需物理性能的材料。
全球市場主要由生物基替代品的出現和許多最終用途行業的永續實踐所推動。這可以歸因於嚴格的環境法規的訂定,重點是開發生態友善的製造流程。此外,新興經濟體對先進材料的認知不斷提高,以及汽車產業的擴張,導致汽車製造利用率的提高,也促進了市場的成長。除此之外,全球對能源效率的關注,鼓勵使用這種化合物製成的絕緣材料,正在對市場產生積極影響。可支配收入水準的上漲進一步推動了市場的發展,導致使用該化合物的消費品的消費增加。對該市場做出貢獻的其他一些因素包括建築業的成長、需要使用需要這種化合物的材料以及廣泛的研發 (R&D) 活動。
更加重視健康與安全合規性
隨著人們越來越注重創造符合嚴格健康和安全標準的產品,對環氧丙烷的需求正在成長。該化合物能夠配製符合安全法規的產品,這使其成為各種應用中的重要組成部分。各國政府、工業機構和國際組織正積極倡導使用能夠保障消費者和勞動力福祉的材料。現在,各行業對其使用的組件更加關注,旨在減少有害排放和潛在危險。這種意識正在推動環氧丙烷等材料的採用,這些材料以其多功能性和符合健康和安全規範而聞名。這種向健康和安全合規性的轉變不僅會影響工業實踐,還會塑造消費者的偏好,從而進一步推動環氧丙烷市場。
個人護理產品中的產品採用率不斷上升
隨著滿足不同消費者需求的創新產品的出現,個人護理行業正在經歷一場革命。環氧丙烷具有獨特的性質,例如其能夠改變活性成分的結構並增強其功能性,使其成為個人護理配方中廣受歡迎的成分。從護髮產品到複雜的護膚解決方案,環氧丙烷正在進入一系列應用領域。消費者對個人護理產品的品質和性能的需求正在上升,製造商正在透過添加環氧丙烷等元素來滿足這些期望。它在個人護理領域的使用不僅證明了其功能優勢,而且也顯示了該行業趨勢的轉變。隨著消費者變得更加挑剔以及個人護理行業的不斷發展,環氧丙烷的角色預計將變得更加重要,推動其市場向前發展。
農業化學品配方技術的不斷進步
全球對提高農業生產力的重視正在促進農業實踐的創新,包括使用除草劑和殺蟲劑等先進化學物質。環氧丙烷在製造這些農業化學品的應用是促進市場成長的重要因素。它增強除草劑和殺蟲劑功效的能力使農民能夠有效應對各種農業挑戰。在以農業為主要經濟活動的地區,環氧丙烷的重要性進一步放大。各國政府和農業機構正在推廣使用科學開發的化學品,這些化學品不僅可以提高作物產量,而且符合環境考量。環氧丙烷與這些要求的結合使其成為現代農業實踐不可或缺的一部分。隨著國際社會持續關注糧食安全和永續農業,農業化學品生產中的環氧丙烷市場預計將強勁成長。
The global propylene oxide market size reached US$ 21.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The advent of bio-based alternatives and sustainable practices in numerous end-use industries, the rising awareness of advanced materials in emerging economies and the expansion of the automotive sector, and continual technological advancements in the formulation of agrochemicals represent some of the factors that are propelling the market.
Propylene oxide is a colorless and volatile liquid that belongs to the epoxide class of compounds. As a key ingredient in the production of polyurethane plastics, it serves various industrial applications. The substance is specifically characterized by its sharp, ether-like odor and its ability to react readily with a wide range of organic materials. Often utilized in the manufacture of flexible foams, adhesives, sealants, and coatings, it plays an essential role in various industries. The unique working mechanism of this compound lies in its ability to co-polymerize with other substances, thereby forming materials with desired physical properties.
The global market is primarily driven by the advent of bio-based alternatives and sustainable practices in numerous end-use industries. This can be attributed to the introduction of stringent environmental regulations focusing on the development of eco-friendly manufacturing processes. Moreover, the rising awareness of advanced materials in emerging economies and the expansion of the automotive sector, resulting in increased utilization in vehicle manufacturing, are contributing to the market's growth. Besides this, the global focus on energy efficiency, encouraging the use of insulating materials made with this compound, is impacting the market positively. The market is further driven by the inflating disposable income levels, contributing to increased consumption of consumer goods in which this compound is used. Some of the other factors contributing to the market include the growth in the construction industry, necessitating the use of materials that require this compound, and extensive research and development (R&D) activities.
An enhanced focus on health and safety compliance
With an increasing focus on creating products that meet stringent health and safety standards, the demand for propylene oxide is experiencing growth. This compound's ability to formulate products that comply with safety regulations has made it an essential component in various applications. Governments, industrial bodies, and international organizations are actively advocating the use of materials that safeguard the well-being of both consumers and the workforce. Industries are now more conscious about the components they use, aiming to reduce harmful emissions and potential hazards. This consciousness is driving the adoption of materials like propylene oxide, known for its versatility and compliance with health and safety norms. This shift towards health and safety compliance is not only responsible for influencing industrial practices but also shaping consumer preferences, thus further propelling the market for propylene oxide.
Rising product adoption in personal care products
The personal care industry is witnessing a revolution with the advent of innovative products that cater to diverse consumer needs. Propylene oxide's unique properties, such as its ability to modify the structure of active ingredients and enhance their functionality, make it a sought-after ingredient in personal care formulations. From hair care products to sophisticated skincare solutions, propylene oxide is finding its way into an array of applications. Consumer demand for quality and performance in personal care products is on the rise, and manufacturers are responding by incorporating elements like propylene oxide to meet these expectations. Its use in personal care is not only a testament to its functional benefits but also an indication of the shifting trends in the industry. As consumers become more discerning and the personal care industry continues to evolve, the role of propylene oxide is expected to become even more significant, driving its market forward.
Continual technological advancements in the formulation of agrochemicals
The global emphasis on enhancing agricultural productivity is fostering innovation in farming practices, including the use of advanced chemicals such as herbicides and insecticides. Propylene oxide's application in the creation of these agricultural chemicals is a vital factor contributing to the market's growth. Its ability to enhance the efficacy of herbicides and insecticides is enabling farmers to tackle various agricultural challenges effectively. In regions where agriculture is a primary economic activity, the importance of propylene oxide is further magnified. Governments and agricultural bodies are promoting the use of scientifically developed chemicals that not only improve crop yield but also align with environmental considerations. The alignment of propylene oxide with these imperatives makes it an integral part of modern agricultural practices. As the global community continues to focus on food security and sustainable farming, the market for propylene oxide in agricultural chemical production is anticipated to grow robustly.
IMARC Group provides an analysis of the key trends in each segment of the global propylene oxide market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on production process, application and end use industry.
Chlorohydrin Process (CHPO)
Styrene Monomer Process
Hydrogen Peroxide Process
TBA Co-Product Process
Cumene-based Process
Styrene monomer process represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the production process. This includes chlorohydrin process (CHPO), styrene monomer process, hydrogen peroxide process, TBA co-product process and cumene-based process.According to the report, styrene monomer process represented the largest segment.
The styrene monomer process segment is being driven by advancements in catalyst technologies that improve process efficiency. Growing demand for polystyrene products in various applications, including packaging and insulation, contributes to this trend. Increased focus on cost-effective manufacturing techniques in the Styrene Monomer Process is also a key driver. Furthermore, regulations promoting environment-friendly practices are pushing the industry towards greener alternatives and innovations within this process. Lastly, strategic investments in R&D by key players are enabling new developments that foster growth in this segment.
On the other hand, the hydrogen peroxide process, chlorohydrin process (CHPO), TBA co-product process, cumene-based process, polyether polyols, propylene glycols, propylene glycol ethers (PGE), polyalkylene glycols segments are driven by the diversification in end-user applications and an emphasis on sustainable manufacturing practices. The growing need for specialized products in various industries, including pharmaceuticals and personal care, is further propelling this segment. Additionally, technological innovations and collaborations among key players are enhancing these processes and product developments.
Polyether Polyols
Propylene Glycols
Propylene Glycol Ethers (PGE)
Polyalkylene Glycols
Others
Polyether polyols represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes polyether polyols, propylene glycols, propylene glycol ethers (PGE), polyalkylene glycols, and others.According to the report, polyether polyols represented the largest segment.
The polyether polyols segment is being driven by a growing demand for flexible foams in applications such as furniture and bedding. Increased utilization in automotive interiors and insulation applications is also contributing to the segment's growth. The push towards environmentally friendly products has further amplified the demand for polyether polyols in creating sustainable solutions. Technological advancements and increased R&D focus on high-performance polyols also fuel growth in this major segment. Overall, the convergence of these factors creates a robust demand for Polyether Polyols, reflecting broader trends in consumer preferences and industrial applications.
On the other hand, the propylene glycols, propylene glycol ethers (PGE), and polyalkylene glycols segments are driven by their versatile applications across various industries such as personal care, pharmaceuticals, and food & beverages. Enhanced performance characteristics, including stability and solvency, contribute to their widespread adoption. The development of specific grades catering to different industrial requirements also plays a crucial role in boosting this segment.
Automotive
Construction
Chemicals and Pharmaceuticals
Packaging
Textile and Furnishing
Others
Automotive accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, construction, chemicals and pharmaceuticals, packaging, textile and furnishing, and others.According to the report, automotive represented the largest segment.
The automotive segment is seeing significant growth in the propylene oxide market due to the increased usage of propylene oxide derivatives in vehicle interiors, manufacturing, and coatings. Rising automotive production, coupled with a growing emphasis on lightweight and fuel-efficient materials, propels the segment forward. Consumer preferences for enhanced comfort and aesthetic appeal are also influencing the adoption of propylene oxide-based products in automotive applications. Strict emissions regulations and the trend towards environmentally sustainable solutions further drive the demand within this segment. Demand for polyurethane foams, a primary application of propylene oxide, in seating, insulation, and other automotive parts completes the growth picture for this major segment.
On the other hand, the construction, chemicals and pharmaceuticals, packaging, textile and furnishing, and other segments are fueled by the growing construction activities and the increased usage of propylene oxide in insulation materials and sealants. The demand in the pharmaceutical industry for solvents and intermediates, along with the adoption of propylene oxide-based materials in textiles, packaging, and various chemical applications, is also contributing to growth within these segments.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest propylene oxide market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific region is a critical area for growth in the propylene oxide market. Increasing industrialization, coupled with rapid urbanization, is driving demand for propylene oxide and its derivatives across various sectors, including automotive and construction.
Infrastructure development initiatives and government policies promoting manufacturing are adding impetus to the market in this region. The growth of middle-class consumers and their rising disposable income levels are leading to increased consumption of end products that utilize propylene oxide. Rising awareness regarding the quality and performance of products, and the integration of regional and global supply chains, further shaping the market dynamics.
Additionally, the rising emphasis on sustainability and environmental compliance, particularly in countries such as Japan and India, is also a key factor. Collaboration between industry and research institutions, strategic investments in new technologies, and a focus on meeting specific regional demands complete the picture for this vital region in the global propylene oxide market.
The key players in the market are focusing on research & development (R&D) activities to innovate new production methods and enhance efficiency. The market leaders are investing in automation and digital technologies to increase efficiency and maintain a competitive edge in the market. They are expanding into new geographical markets, particularly in emerging economies, and enhancing their product portfolios to cater to diverse industrial applications. These leading companies are also focusing on sustainability by developing bio-based and eco-friendly variants of propylene oxide. Strategic collaborations, mergers, and acquisitions are being pursued by them to foster technological capabilities and product expansion. Furthermore, they are enhancing supply chain efficiency and implementing customer-centric approaches to understand the specific needs of various industries.
AGC Chemicals Americas Inc.
Air Liquide S.A.
BASF SE
Dow Inc.
Eastman Chemical Company
Huntsman International LLC
Ineos Chemicals Company
LyondellBasell Industries Holdings B.V.
Mitsui Chemicals
Repsol S.A.
Royal Dutch Shell PLC
Saudi Arabia Basic Industries Corporation (Saudi Aramco)
SK Chemicals Co. Ltd.
Sumitomo Chemical Co. Ltd.
Tokuyama Corporation
In January 2022, AGC Chemicals Americas Inc. (AGCCA) announced an expansion at its Thorndale, Pennsylvania, production facility that will add up to fifty percent more manufacturing, quality control lab and office space. The multiuse facility will be configured to meet the growing needs of current business and accommodate future production increases and new capabilities.
In February 2023, Air Liquide and Sasol signed two Power Purchase Agreements (PPA) with TotalEnergies and its partner Mulilo for the long-term supply of a total capacity of 260 MW of renewable power to Sasol's Secunda site, in South Africa, where Air Liquide operates the biggest oxygen production site in the world.
In August 2023, BASF launched an innovative program in Brazil that links independent, agronomic consultancies with farmers through its advanced xarvio FIELD MANAGER crop optimization platform. The unique program, called xarvio Agro Experts, gives agronomic consultancies access to existing xarvio solutions that optimize and increase productivity in the field, specifically for soybean, corn, and cotton.