Propylene Oxide (PO) is a highly reactive Cheap Kyle Okposo Hat , 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 Cheap Jake McCabe Hat , and increasing urbanization along with rising per capita disposable income in the developed and emerging economies. Moreover, 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 Cheap Jason Pominville Hat , fumigation, adhesives & sealants, & 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 Cheap Jack Eichel Hat , 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, 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 Cheap Evander Kane Hat , 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.), LyondellBasell Industries N.V. (Netherlands), Royal Dutch Shell plc (Netherlands) Cheap Justin Bailey Hoodie , Huntsman Corporation (U.S.), BASF SE (Germany), Repsol S.A. (Spain), Asahi Glass Co., Ltd. (Japan), INEOS Private Limited Company (U.K.) Cheap Ryan O'Reilly Hoodie , Sumitomo Group (Japan), Chevron Phillips Chemical (U.S.)
Total Views: 13Word Count: 475See All articles From Author Global Air Traffic Control Equipment (ATC) Market Expected to Witness Rapid Expansion by the End of 2025
by pratibha · January 16, 2019
Qyresearchreports include new market research report Global Air Traffic Control Equipment (ATC) Market Insights,Forecast to 2025 to its huge collection of research reports.
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Global Air Traffic Control Equipment (ATC) market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of 10.0% during the forecast period. In this study Cheap Rasmus Ristolainen Hoodie , 2017 has been considered as the base year and 2019-2025 as