#Propylene Oxide Market Growth

[downincmi]

Propylene Oxide Market Dynamics: A Comprehensive Overview

Introduction Propylene oxide is an organic compound with the chemical formula C3H6O. It is a colorless volatile liquid that is miscible with water, most common organic solvents and has a faint ethereal odor. C3H6O is an epoxide, meaning it contains an oxide group bonded to two carbon atoms forming a three-membered cyclic ether. It is formed through the oxidation of propylene. Production of Propylene Oxide Industrially, propylene oxide is produced on a large scale through the chlorohydrin process or hydroperoxide process. In the chlorohydrin process, propylene is oxidized with chlorine in the presence of a chloride catalyst to form propylene chlorohydrin which is then hydrolyzed to yield C3H6O and hydrochloric acid. This process allows for greater selectivity in product formation. The hydroperoxide process involves three steps - first hydroperoxide is formed by oxidizing propylene with an oxygen containing gas like air or oxygen over a silver catalyst. This is followed by decomposition of hydroperoxide to form C3H6O and water. The final step recovers and purifies the C3H6O product. This process affords higher atom efficiency and lower energy consumption. Properties and Applications Due to its versatile functionality of forming additional bonds through ring opening, C3H6O has a wide range of applications. It is mainly used for producing polyether polyols which are building blocks for polyurethane products like rigid and flexible foams for insulation and cushioning. C3H6O is also used to produce propylene glycols that are commonly used as heat transfer fluids and manufacturing solvents. As an intermediate chemical, C3H6O is converted to propylene glycol ethers which are used in industrial and automotive antifreeze formulations as well as paints, coatings and cleaning agents due to their good solvent properties. Epoxy resins formed from reacting C3H6O with epichlorohydrin are used to produce protective and durable coatings, adhesives, composites and encapsulation of electronics. C3H6O acts as a intermediate in producing other chemical compounds like propylene glycol monomethyl ether and propylene glycol monomethyl ether acetate which are solvents for inks, coatings and electronics packaging. It can also react with amines to form amine oxide surfactants that are used in personal care, home care and industrial cleaning products. Health and Environmental Effects While C3H6O is useful industrially, it also poses certain health risks. It is a volatile flammable liquid and contact with eyes and skin can cause irritation. Inhalation may cause respiratory issues. Studies have shown it to be possibly carcinogenic to humans and its vapors are harmful if inhaled in large quantities. Organizations like the EPA have classified C3H6O as a hazardous air pollutant and possible human carcinogen. Manufacturing sites emitting this chemical are subject to regulations regarding its release into the environment. Proper handling and storage in a well-ventilated area along with use of protective equipment is important when working with propylene oxide. Spills contaminating soil and water need remediation to minimize environmental damage. Conclusion In summary, C3H6O is a versatile chemical building block found in many industrial and commercial products. While serving important applications, its adverse health effects require careful production and usage practices, transportation, storage and disposal according to safety guidelines. Ongoing research explores safer production technologies for this valuable oxirane compound supporting many modern industries. With proper risk management measures, propylene oxide will continue meeting manufacturing needs sustainably.

[mitalipingale]

https://homment.com/giyIZGSWE8k0NHVzTjqz

The Propylene Oxide Market in 2023 is US$ 25.2 billion, and is expected to reach US$ 39.62 billion by 2031 at a CAGR of 5.80%.

[chemicalresearchupdates]

Regional Analysis of the Propylene Oxide Market: Key Insights

Propylene, also known as propene, is an unsaturated organic compound with the chemical formula C3H6. It serves as a basic petrochemical raw material and is mainly used to produce polypropylene and propylene oxide. Polypropylene is a highly durable yet lightweight plastic used in a wide range of applications such as packaging, textiles, stationery, automotive and construction materials.

The global propylene market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

Rising polypropylene demand represents a major opportunity for the propylene market. Asia Pacific is witnessing robust growth in the polypropylene market owing to increased consumption in packaging, automotive, and construction industries. China alone accounts for over 40% of global polypropylene demand. The country's 13th Five-Year Plan focuses on increasing investment in transportation and rural infrastructure development which will strengthen the polypropylene market. India also promises strong polypropylene demand on account of rapid urbanization, rising disposable incomes, and growth in end-use industries. As polypropylene is the primary derivative of propylene, its surging demand across developing economies will propel the propylene market forward during the forecast period. Porter's Analysis

Threat of new entrants: The threat of new entrants in the propylene market is low due to the high costs associated with production facilities and infrastructure. Established players who have access to raw materials and distribution networks have significant advantages over new players. Bargaining power of buyers: The bargaining power of buyers in the propylene market is high. Buyers have high bargaining power due to the availability of substitute products and undifferentiated nature of propylene. Buyers can easily switch between suppliers based on price and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are few major suppliers of raw materials for propylene production, suppliers still depend on established players for off-take agreements. Supplier switching costs are also moderate. Threat of new substitutes: The threat of substitutes is low to moderate. While functionally similar chemicals can be used as substitutes for some applications of propylene, limitations in terms properties restrict broad substitution. Established application areas remain hard to substitute. Competitive rivalry: The competitive rivalry in the global propylene market is high due to the presence of numerous domestic and international players competing for market share. Players compete based on capabilities, product quality, and price. SWOT Analysis

Strengths: Propylene has diverse applications and is a basic petrochemical with growing demand. Leading players have access to raw materials and economies of scale. Weaknesses: Propylene production is capital intensive and vulnerable to fluctuations in crude oil/natural gas prices. Environmental regulations regarding emissions are increasing production costs. Opportunities: Rising polymer demand from packaging and construction industries in Asia present an opportunity. Technologies to produce propylene as a byproduct of ethanol provide new opportunities. Threats: Overcapacity can lead to pricing pressures. Strict environmental norms regarding air pollution are a challenge. Substitution threat from alternative chemicals is mounting. Key Takeaways

The global propylene market is expected to witness high growth in the coming years. The global propylene market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027.

Rapid industrialization and infrastructural development are driving growth in Asia Pacific. China dominates global propylene demand and capacity additions. The Chinese government is investing heavily in propylene cracker projects to fulfill domestic demand. North America and Europe account for over 30% share of global propylene consumption led by demand from polymer industries. They are mature markets with stable growth. However, future capacity additions are planned in the Middle East and Asia Pacific regions to leverage low feedstock costs. Key players: Key players operating in the propylene market are Dow Chemical, ExxonMobil, LyondellBasell, SABIC, and BASF. These major players have integrated production facilities and long term offtake agreements with buyers to maintain consistent supply.

[pearlsmith25]

Propylene Oxide Market Resilience: Adapting to Changing Regulatory Landscapes

Propylene, also known as propene, is an unsaturated organic compound with the chemical formula C3H6. It serves as a basic petrochemical raw material and is mainly used to produce polypropylene and propylene oxide. Polypropylene is a highly durable yet lightweight plastic used in a wide range of applications such as packaging, textiles, stationery, automotive and construction materials.

The global propylene market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Rising polypropylene demand represents a major opportunity for the propylene oxide market. Asia Pacific is witnessing robust growth in the polypropylene market owing to increased consumption in packaging, automotive, and construction industries. China alone accounts for over 40% of global polypropylene demand. The country's 13th Five-Year Plan focuses on increasing investment in transportation and rural infrastructure development which will strengthen the polypropylene market. India also promises strong polypropylene demand on account of rapid urbanization, rising disposable incomes, and growth in end-use industries. As polypropylene is the primary derivative of propylene, its surging demand across developing economies will propel the propylene market forward during the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants in the propylene market is low due to the high costs associated with production facilities and infrastructure. Established players who have access to raw materials and distribution networks have significant advantages over new players. Bargaining power of buyers: The bargaining power of buyers in the propylene market is high. Buyers have high bargaining power due to the availability of substitute products and undifferentiated nature of propylene. Buyers can easily switch between suppliers based on price and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are few major suppliers of raw materials for propylene production, suppliers still depend on established players for off-take agreements. Supplier switching costs are also moderate. Threat of new substitutes: The threat of substitutes is low to moderate. While functionally similar chemicals can be used as substitutes for some applications of propylene, limitations in terms properties restrict broad substitution. Established application areas remain hard to substitute. Competitive rivalry: The competitive rivalry in the global propylene market is high due to the presence of numerous domestic and international players competing for market share. Players compete based on capabilities, product quality, and price. SWOT Analysis Strengths: Propylene has diverse applications and is a basic petrochemical with growing demand. Leading players have access to raw materials and economies of scale. Weaknesses: Propylene production is capital intensive and vulnerable to fluctuations in crude oil/natural gas prices. Environmental regulations regarding emissions are increasing production costs. Opportunities: Rising polymer demand from packaging and construction industries in Asia present an opportunity. Technologies to produce propylene as a byproduct of ethanol provide new opportunities. Threats: Overcapacity can lead to pricing pressures. Strict environmental norms regarding air pollution are a challenge. Substitution threat from alternative chemicals is mounting. Key Takeaways The global propylene market is expected to witness high growth in the coming years. The global propylene market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027.

Rapid industrialization and infrastructural development are driving growth in Asia Pacific. China dominates global propylene demand and capacity additions. The Chinese government is investing heavily in propylene cracker projects to fulfill domestic demand. North America and Europe account for over 30% share of global propylene consumption led by demand from polymer industries. They are mature markets with stable growth. However, future capacity additions are planned in the Middle East and Asia Pacific regions to leverage low feedstock costs. Key players: Key players operating in the propylene market are Dow Chemical, ExxonMobil, LyondellBasell, SABIC, and BASF. These major players have integrated production facilities and long term offtake agreements with buyers to maintain consistent supply.

[writerblogs]

Global Propylene Oxide Market Is Estimated To Witness High Growth Owing To Increasing Demand for Polyurethane and Propylene Glycol

The global propylene oxide market is estimated to be valued at US$ 18.8 billion in 2021 and is expected to exhibit a CAGR of 5.55% over the forecast period (2021-2027), as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

Propylene oxide is a highly versatile chemical compound used in various industries such as automotive, construction, furniture, packaging, and textiles. It is primarily utilized in the production of polyurethane, which finds extensive use in manufacturing foam products, coatings, adhesives, and sealants. Moreover, propylene oxide is also used in the production of propylene glycol, a key ingredient in cosmetics, pharmaceuticals, and food products. The growing demand for polyurethane and propylene glycol is expected to drive the market growth during the forecast period.

B) Market Dynamics:

The market dynamics of the propylene oxide market are influenced by two key drivers:

1. Increasing Demand for Polyurethane: The rising demand for polyurethane in various end-use industries such as construction, automotive, and furniture is driving the growth of the propylene oxide market. Polyurethane foam is widely used as insulation material in buildings and as cushioning material in automotive seating. Moreover, the increasing trend of energy-efficient buildings and lightweight vehicles is further fueling the demand for polyurethane, thereby boosting the propylene oxide market.

2. Growing Demand for Propylene Glycol: Propylene glycol is extensively used as a solvent, humectant, and emulsifier in various industries. It is commonly used in personal care products such as lotions, creams, and cosmetics. Additionally, it is employed as a food additive and ingredient in pharmaceuticals. The expanding personal care and food industries are driving the demand for propylene glycol, thereby positively impacting the propylene oxide market.

C) Market Key Trends:

One key trend observed in the Propylene Oxide Market is the increasing focus on the development of bio-based propylene oxide. Manufacturers are striving to reduce their carbon footprint and enhance sustainability by replacing petroleum-based feedstocks with bio-based alternatives. Bio-based propylene oxide is derived from renewable sources such as biomass and can help reduce greenhouse gas emissions. For instance, the collaboration between The Dow Chemical Company and Royal Dutch Shell aims to commercialize a bio-based propylene oxide technology known as HPPO (Hydrogen Peroxide to Propylene Oxide). This trend is expected to gain traction in the coming years and drive the market growth further.

D) SWOT Analysis:

Strength: Increasing demand for polyurethane and propylene glycol

Weakness: High production costs and fluctuating raw material prices

Opportunity: Growing investments in research and development for bio-based propylene oxide

Threats: Stringent regulations regarding environmental impact and alternative technologies

E) Key Takeaways:

The global propylene oxide market is expected to witness high growth, exhibiting a CAGR of 5.55% over the forecast period due to the increasing demand for polyurethane and propylene glycol.

Asia Pacific is expected to be the fastest-growing and dominating region in the propylene oxide market, driven by rapid industrialization, infrastructure development, and expanding automotive and construction sectors.

Key players operating in the global propylene oxide market include SK Chemicals, The Dow Chemicals Royal Dutch Shell, Tokuyama Corporation, Co., Ltd., BASF S.E., Huntsman International LLC., AGC Chemicals, CSPC Pharmaceutical Group Limited, Air Products and Chemicals, Inc., China Petrochemical Corporation, Eastman Chemical Company, Inc., PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama, Hanwha Group, Sumitomo Chemical, Repsol, Air Liquide, and Mitsui Chemicals.

[chemicalsectorupdates]

Sustainable Practices in the Propylene Oxide Market: Environmental Implications

Propylene Oxide: A Versatile Chemical Used Widely in Various Industries Production and Uses of Propylene Oxide Propylene oxide is primarily produced through a chemical process called chlorohydrin process where propylene is reacted with chlorine and water in the presence of a catalyst. This commercial process results in an approximate yield of 90% of propylene oxide. Propylene oxide production began back in the 1950s and has grown significantly over the past few decades with increasing applications across various industries. On an average, over 10 million metric tons of propylene oxide is produced globally every year to meet the growing demand. Main applications of propylene oxide include production of polyether polyols, which are further used to manufacture polyurethane flexible and rigid foams. These foams find applications as insulation in buildings as well as packaging, furniture, bedding, and automotive industries. Propylene oxide is also used to produce propylene glycols that are deployed as antifreeze and deicing fluids as well as solvents in food, pharmaceuticals and various other industries. Other notable applications of propylene oxide include production of specialty chemicals like glycol ethers used as solvents and surfactants. Global Demand and Key Markets Presently, Asia Pacific region accounts for over 50% of global propylene oxide production led by China. Other major producers include Europe and North America. The propylene oxide market is forecast to grow at over 4% annually driven by the expanding construction as well as automotive industries in developing countries and the need for insulating materials as well as car seats made from polyurethane foam. The polyurethane flexible foams produced using propylene oxide find widespread applications in bedding, furniture, automotive seating and insulation in buildings across all geographies. The polyurethane rigid foams are extensively used in construction projects for thermal and acoustic insulation. Future growth in infrastructure and real estate markets in Asian countries like India and construction growth in Africa and Middle East is expected to drive demand for insulating polyurethane foams and propylene oxide in turn. Fluctuating Raw Material Prices The prices of propylene oxide are closely linked to that of propylene, which is the main raw material. Over the past year, propylene prices have witnessed volatility due to supply disruptions and rising energy prices impacting global propylene oxide market. Any fluctuations in oil and natural gas prices from where propylene is derived further impact the prices. Presently, propylene prices and hence propylene oxide prices are on an upward trend driven by tight supply of propylene following repairs in refineries and outages at cracker units. Environmental Regulations Like several chemical commodities, propylene oxide production and operations are also regulated for environmental reasons given its hazardous nature during production. Manufacturers have to adhere to standards pertaining to air pollution control equipment at production facilities and strict disposal guidelines for any propylene oxide waste generated. Some regions and standards organizations are also promoting transition towards more sustainable production methods. In summary, propylene oxide is a critical petrochemical supporting major manufacturing sectors globally through its diverse applications especially in polyurethane products. While raw material price trends remain an important factor, the increasing uses of propylene oxide based chemicals coupled with downstream industry growth ensure steady future prospects for this multimillion ton chemical market. Adherence to environmental standards during production will also be a key aspect for sustainability.

[chemicalsources]

Propylene Oxide Market Impact: Environmental and Regulatory Considerations

Propylene oxide is an important organic chemical used as an intermediate in the production of polyether polyols, which are used to manufacture polyurethane foams. It is commonly used in products such as furniture upholstery, insulation for pipes, buildings and vehicles, bedding, carpet underlay, children's items, packaging, and more.

The global propylene oxide market is estimated to be valued at US$ 16,852.2 Mn or Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The global propylene oxide market is witnessing substantial growth owing to the rising demand for polyether polyols from various industries such as construction, automotive, and furniture. According to statistics published by American Chemistry Council, the production of polyurethane foam in North America increased from 9.4 million tons in 2016 to 9.8 million tons in 2019, growing at a CAGR of 1.2% during the period. Moreover, propylene oxide is also used in other applications such as solvents, chemical intermediates, and hydrophilic polyether polyols. Expansion of end-use industries globally is expected to fuel the demand for propylene oxide during the forecast period. However, the availability of substitutes such as propylene glycol may hamper market growth over the forecast period. SWOT Analysis Strength: Propylene oxide is used for producing various industrial and consumer goods with three leading end-use industries being construction chemicals, automotive, and textiles. It is a versatile chemical having good reactivity and water solubility allowing its wide application. Production of propylene oxide from propylene is relatively easier and more economical than other production processes. Weakness: Propylene oxide is highly flammable in nature bringing safety concerns during production, handling, transportation and storage. Stringent regulations over exhaust emissions and disposal of hazardous by-products increase production costs. Dependence on crude oil prices for obtaining raw materials represents a threat.

[chemanalystdata]

Tertiary Butyl Alcohol Prices: Trends, Drivers, and Forecast

 Tertiary Butyl Alcohol (TBA), a volatile organic compound primarily used in the production of methyl tertiary-butyl ether (MTBE) and as a solvent in various industries, has seen its market dynamics fluctuate significantly over recent years. The prices of TBA are influenced by a variety of factors, including raw material availability, production costs, demand from end-user industries, and global economic conditions. This article explores the current trends, key price drivers, and future forecasts for tertiary butyl alcohol.

Recent Price Trends

The prices of tertiary butyl alcohol have exhibited volatility in recent years due to global economic uncertainties and supply chain disruptions. In 2023, the market experienced a gradual increase in prices due to rising demand from the pharmaceutical and personal care industries, where TBA is used as a solvent and an intermediate. Additionally, the recovery in the automotive and construction sectors led to higher demand for MTBE, a key derivative of TBA, further bolstering its price.

However, geopolitical tensions and fluctuating crude oil prices have added to market uncertainties. Since TBA is often produced as a by-product of isobutylene oxidation or as a derivative of refinery processes, its pricing is closely tied to crude oil market trends. Periods of high crude oil prices generally translate into increased production costs for TBA, pushing prices upward.

Get Real time Prices for Tertiary Butyl Alcohol (TBA): https://www.chemanalyst.com/Pricing-data/tertiary-butyl-alcohol-1141

Key Drivers Influencing TBA Prices

Feedstock Costs: The cost of raw materials such as isobutylene and propylene has a direct impact on TBA production costs. Any fluctuations in these feedstock prices are immediately reflected in the market price of TBA.

Demand from End-User Industries: The demand for TBA is driven by its applications in MTBE production, pharmaceuticals, personal care products, and as a solvent in industrial processes. Growth in these sectors can create upward pressure on prices.

Crude Oil Market: As a petroleum-derived product, TBA prices are closely linked to global crude oil prices. Supply chain disruptions or changes in crude oil production levels can significantly impact TBA pricing.

Geopolitical Factors: Trade policies, tariffs, and sanctions affecting crude oil and petrochemical markets indirectly influence TBA prices. Geopolitical stability in major oil-producing regions also plays a role.

Technological Advancements: Innovations in production technologies or alternative uses of TBA can also shift market dynamics and impact prices.

Market Outlook and Forecast

Looking ahead, tertiary butyl alcohol prices are expected to remain influenced by global economic conditions, particularly crude oil market trends. As industries continue to recover from the impacts of the COVID-19 pandemic, the demand for TBA in MTBE production and other applications is likely to grow steadily. This increase in demand, combined with the potential for supply constraints, could lead to moderate price increases over the next few years.

Moreover, the rising focus on sustainability and the development of bio-based alternatives may impact the market in the long term. While such innovations could potentially reduce reliance on petroleum-based TBA, the transition is expected to be gradual.

In conclusion, tertiary butyl alcohol prices are subject to a complex interplay of factors, including feedstock costs, crude oil market trends, and demand dynamics. Industry stakeholders should closely monitor these factors to navigate the market effectively and capitalize on emerging opportunities.

Get Real time Prices for Tertiary Butyl Alcohol (TBA): https://www.chemanalyst.com/Pricing-data/tertiary-butyl-alcohol-1141

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[skyquest-market-research]

Acrylonitrile Market Trends, Growth Drivers, and Future Outlook, 2024-2031

Acrylonitrile, a versatile compound widely used in the production of synthetic fibers, plastics, and elastomers, plays a pivotal role in various industries, from automotive to textiles. According to a recent market research report by SkyQuest Technology, the global acrylonitrile market is set to grow substantially, reaching a market size of USD 22.68 billion by 2030, expanding at a CAGR of 5.14% from 2023 to 2030. The increasing demand for acrylonitrile-based products across diverse end-use industries, along with advancements in manufacturing processes, are driving this growth.

Key Market Drivers

Several factors are contributing to the rapid expansion of the acrylonitrile market:

Demand in Automotive and Textile Industries Acrylonitrile is widely used in the production of carbon fibers and synthetic fibers. The growing automotive industry, which increasingly demands lightweight and high-strength materials, along with the flourishing textile industry, significantly boosts the demand for acrylonitrile.

Rise in Demand for ABS Plastics Acrylonitrile-butadiene-styrene (ABS) plastics, known for their durability and heat resistance, are used in various applications, including electronics, automotive, and consumer goods. The rising demand for ABS plastics in these sectors is a major factor driving the acrylonitrile market.

Growth of the Electronics Sector The increasing adoption of acrylonitrile derivatives in the electronics sector, specifically for applications in the production of components like casings and housing, continues to contribute to the market’s growth.

Environmental Regulations and Sustainability With an increasing global focus on sustainability, companies are shifting towards greener manufacturing practices. Innovations aimed at reducing the environmental impact of acrylonitrile production, such as new catalysts and energy-efficient processes, are enhancing market opportunities.

Request a Sample Report - https://www.skyquestt.com/sample-request/acrylonitrile-market

Acrylonitrile Market Segmentation

The acrylonitrile market is divided based on application, production process, and region. Each segment contributes to the overall growth and development of the market.

By Application

ABS Plastics: This is the largest segment, with acrylonitrile used as a key raw material in producing ABS plastics, a widely adopted polymer across multiple industries, especially automotive and electronics.

Acrylic Fibers: Acrylonitrile is a primary component in the production of acrylic fibers, which are used in textiles, carpets, and upholstery.

Adiponitrile: This segment includes the use of acrylonitrile in manufacturing adiponitrile, which is essential for producing nylon 6,6.

Other Applications: Acrylonitrile is also used in the production of nitrile rubber, which is important in automotive, medical, and industrial applications.

By Production Process

Ammonia-Oxidation Process: The dominant process used for acrylonitrile production, involving the reaction of ammonia, propylene, and air to produce acrylonitrile.

Propylene-Oxidation Process: This process is gaining popularity due to its higher yields and more efficient energy consumption.

Speak to an Analyst for Customization - https://www.skyquestt.com/speak-with-analyst/acrylonitrile-market

Regional Insights: Global Trends and Opportunities

The acrylonitrile market is geographically diverse, with demand fluctuating based on industrial needs, economic factors, and regional production capabilities.

Asia-Pacific (APAC): Dominates the global acrylonitrile market, driven by strong industrial growth in countries like China, India, and Japan. The region is the largest consumer and producer of acrylonitrile, primarily driven by the textile, automotive, and electronics sectors.

North America: The demand for acrylonitrile in the U.S. and Canada is driven by the expanding automotive and electronics industries. The region is also witnessing advancements in production technologies, further boosting market growth.

Europe: Europe is a significant market for acrylonitrile, with countries like Germany, France, and the UK leading the charge. The growing automotive and chemical industries, coupled with stricter environmental regulations, are encouraging innovation in production processes.

Latin America & the Middle East: The markets in these regions are experiencing steady growth due to industrial expansion and increased production capacities in chemical manufacturing.

Leading Players in the Acrylonitrile Market

Several global and regional companies have established themselves as key players in the acrylonitrile market. These companies are driving innovation, enhancing production processes, and expanding their market share. Some of the top players in the acrylonitrile market include:

China National Petroleum Corporation (CNPC)

LG Chem

SABIC

Mitsubishi Chemical Corporation

The Dow Chemical Company

Reliance Industries Limited

INOVYN (Solvay Group)

LyondellBasell Industries

INEOS Group

Formosa Plastics Corporation

These companies focus on expanding their production capacities, improving operational efficiencies, and integrating sustainable practices to remain competitive in the global market.

Make a Purchase Inquiry - https://www.skyquestt.com/buy-now/acrylonitrile-market

Emerging Trends in the Acrylonitrile Market

Sustainable Manufacturing Practices As global sustainability becomes more of a priority, the acrylonitrile market is witnessing a shift toward greener and more energy-efficient production methods. The development of new catalysts and processes is enabling more environmentally friendly production methods.

Increased Demand for Bio-Based Acrylonitrile With an increasing focus on renewable materials, bio-based acrylonitrile is becoming an emerging trend. This process involves deriving acrylonitrile from biomass or waste materials, offering a more sustainable solution compared to traditional methods.

Technological Advancements in Production Companies are investing in state-of-the-art technologies to enhance production efficiencies, improve yields, and reduce energy consumption. The adoption of advanced catalysts and optimization techniques is expected to boost production capabilities.

Expansion of the Automotive and Electronics Sectors The continued growth of the automotive and electronics industries is anticipated to further drive demand for acrylonitrile-based products, particularly ABS plastics and carbon fibers.

Future Prospects of the Acrylonitrile Market

The acrylonitrile market is positioned for steady growth in the coming years, thanks to its essential role in numerous industries, including automotive, textiles, and chemicals. With a growing focus on sustainability, technological advancements, and the expansion of production capabilities, the market is expected to thrive.

As demand for high-performance materials such as ABS plastics and carbon fibers continues to rise, companies in the acrylonitrile space will need to focus on innovation and sustainable practices to maintain their competitive edge.

[credenceresearchdotblog]

The Polyols and Polyurethane Market is projected to grow from USD 18393 million in 2024 to an estimated USD 28227.48 million by 2032, with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032.The polyols and polyurethane market is a rapidly growing segment of the global chemicals industry, with widespread applications across industries such as construction, automotive, furniture, and footwear. Polyurethane, a versatile polymer formed from the reaction of polyols with diisocyanates, offers a unique combination of flexibility, durability, and chemical resistance. Its wide-ranging utility, coupled with the increasing emphasis on sustainable materials, is driving growth in the market.

Browse the full report at  https://www.credenceresearch.com/report/polyols-and-polyurethane-market

Understanding Polyols and Polyurethane

Polyols are key raw materials in the production of polyurethanes. They can be classified into two main types:

1. Polyether polyols: These are produced by polymerizing ethylene or propylene oxides with initiators such as glycerin. They are widely used in flexible foam applications. 2. Polyester polyols: Derived from esters, these polyols are typically used in the production of rigid foams and elastomers, offering higher mechanical strength and thermal stability.

Polyurethane itself is produced by the reaction between polyols and diisocyanates. It can be formed into flexible foams, rigid foams, elastomers, coatings, adhesives, and sealants, among other forms. Due to its versatility, polyurethane is a crucial component in the construction, automotive, electronics, and packaging industries.

Market Dynamics

The global polyols and polyurethane market has experienced substantial growth over the past decade. Several factors contribute to this expansion:

1. Rising Demand in Construction: Polyurethane is widely used in the construction industry, particularly in insulation materials. Its lightweight properties and superior thermal insulation contribute to energy efficiency, driving its demand in green buildings and energy-saving projects.

2. Automotive Applications: Polyurethane's lightweight and durable nature makes it ideal for automotive applications, including seating, interiors, and insulation. The automotive industry's growing focus on reducing vehicle weight to improve fuel efficiency has bolstered the demand for polyurethane components.

3. Sustainability Concerns: With growing awareness of environmental sustainability, there is an increasing shift towards bio-based polyols. These are derived from renewable resources such as vegetable oils, and their use in the production of polyurethane aligns with global sustainability goals. Companies are investing in developing eco-friendly, low-VOC (volatile organic compounds) polyurethanes, further driving market growth.

4. Advancements in Technology: Innovations in polyurethane production, such as the development of high-performance foams and coatings, are contributing to its widespread adoption across industries. New formulations offering improved fire resistance, chemical stability, and enhanced durability are creating new opportunities for market expansion.

Challenges Facing the Market

Despite the strong growth prospects, the polyols and polyurethane market faces several challenges. One of the major issues is the **fluctuating prices of raw materials**. Polyurethane production relies heavily on petrochemical derivatives like diisocyanates and polyols, whose prices are linked to crude oil. Volatile oil prices can lead to uncertainty and cost pressures for manufacturers.

Additionally, environmental concerns related to the disposal of polyurethane products, especially foams, are pushing the industry to innovate in the area of recyclability and waste reduction. Many traditional polyurethane products are not easily recyclable, which has led to increased research in biodegradable alternatives or more efficient recycling processes.

Future Outlook

The future of the polyols and polyurethane market looks promising, with increasing demand for energy-efficient materials and lightweight products across industries. The shift towards bio-based polyols and the development of **recyclable polyurethane products** will shape the industry's future, aligning with global sustainability goals.

Key Player Analysis:

BASF

Bayer

Covestro

DIC Corporation

Dow

Evonik

Huntsman

INEOS

LyondellBasell

Mitsubishi Chemical

Mitsui Chemicals

Momentive Performance Materials

Sumitomo Chemical

Toray Industries

Wanhua Chemical

Segmentation:

By Product

Polyether Polyols

Polyester Polyols

 By Application

Flexible Foams

Rigid Foams

Coatings

Adhesives and Sealants

Elastomers

By End-User Industry

Furniture and Interiors

Construction

Electronics

Automotive

Footwear

Packaging

Industrial Insulation

Others

By Manufacturing Process 

Batch Process

Continuous Process

Other Processes

By Region

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Browse the full report at  https://www.credenceresearch.com/report/polyols-and-polyurethane-market

About Us:

Credence Research is committed to employee well-being and productivity. Following the COVID-19 pandemic, we have implemented a permanent work-from-home policy for all employees.

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

[mordorintelligencemarketresearch]

The 1,4-Butanediol Industry: Trends, Challenges, and Future Outlook 

1,4-Butanediol (BDO) is a vital chemical compound with diverse applications across multiple industries, including plastics, textiles, and pharmaceuticals. As a versatile intermediate, BDO serves as a building block for various polymers and solvents, making it essential in the manufacturing of products like polybutylene terephthalate (PBT), tetrahydrofuran (THF), and gamma-butyrolactone (GBL). This blog explores the current state of the 1,4-butanediol industry, its market dynamics, growth prospects, and challenges. 

Market Overview 

The 1,4-butanediol market is projected to experience a compound annual growth rate (CAGR) of over 3% throughout the forecast period. The global 1,4-butanediol market has witnessed substantial growth, driven by the increasing demand for polymers and plastics in various applications. According to market research, the 1,4-butanediol market is projected to expand at a significant CAGR over the coming years, reflecting the rising consumption of BDO in key sectors such as automotive, electronics, and textiles. 

Key Drivers of Growth 

Rising Demand for Bio-based Products: The shift toward sustainable and bio-based products is boosting the demand for BDO derived from renewable resources. The development of bio-based BDO production processes is gaining traction, as manufacturers seek to reduce their carbon footprint and meet consumer preferences for sustainable products. 

Increasing Application Scope: The versatility of BDO has led to its growing use in various applications. In the automotive sector, BDO is used in producing high-performance materials that enhance vehicle efficiency and reduce weight. In textiles, it serves as a key component in producing elastic fibers and fabrics, further driving market growth. 

Technological Advancements: Innovations in production technologies are improving the efficiency of BDO manufacturing processes. Companies are investing in research and development to enhance production yields and reduce operational costs, contributing to market expansion. 

Challenges Facing the Industry 

Despite its growth potential, the 1,4-butanediol market faces several challenges: 

Volatility in Raw Material Prices: The fluctuating prices of raw materials, such as propylene oxide and acetylene, can impact the production cost of BDO. This volatility may affect profit margins for manufacturers and hinder market growth. 

Environmental Regulations: Stricter environmental regulations regarding chemical production and waste disposal can pose challenges for BDO manufacturers. Compliance with these regulations requires significant investment in cleaner technologies and processes. 

Competition from Alternatives: The presence of alternative chemicals that can substitute BDO in certain applications may limit market growth. For instance, the emergence of sustainable alternatives like bio-based solvents poses a competitive threat to conventional BDO. 

Future Outlook 

The future of the 1,4-butanediol market appears promising, driven by the increasing demand for sustainable products and innovative applications. The market is expected to witness significant growth, with manufacturers focusing on developing bio-based BDO and enhancing production processes to improve efficiency. 

In conclusion, the 1,4-butanediol industry is positioned for growth, fueled by technological advancements and a shift toward sustainable practices. However, industry stakeholders must navigate challenges such as raw material price volatility and environmental regulations to capitalize on emerging opportunities in this dynamic market. As demand for BDO continues to rise across various sectors, companies that adapt to changing market trends and invest in sustainable practices will likely emerge as leaders in the industry. 

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/1-4-butanediol-market 

[123567-9qaaq9]

Detailed Report on Propane Dehydration to Propylene Market | BIS Research 

Propane dehydration to propylene is a chemical process in which propane (C₃H₈) is converted into propylene (C₃H₆) by removing hydrogen (H₂) molecules. This process typically occurs through catalytic dehydrogenation, where propane is passed over a catalyst, often chromium, platinum, or vanadium-based, at high temperatures (typically between 500°C and 700°C).

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Propane Dehydration to Propylene Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Propane Dehydration to Propylene Overview  

Propane dehydration to propylene, also known as propane dehydrogenation (PDH), is a key industrial process used to convert propane (C₃H₈) into propylene (C₃H₆), an essential building block in the petrochemical industry. Propylene is a vital raw material in the production of polypropylene plastics, acrylonitrile, propylene oxide, and other chemicals.

Chemical Reaction

The primary reaction in propane dehydrogenation is the removal of hydrogen atoms from propane to produce propylene and hydrogen gas:

C3H8→C3H6+H2C₃H₈ \rightarrow C₃H₆ + H₂C3​H8​→C3​H6​+H2​

This is an endothermic reaction, meaning it requires the input of energy (in the form of heat) to proceed. The reaction typically takes place at high temperatures, generally between 500°C and 700°C, depending on the catalyst and reactor design used.

Catalysts Used in PDH Includes 

Chromium Based Catalysts 

Platinum Based Catalysts 

Vanadium Based Catalysts 

Bimetallic Catalysts 

Grab a look at the report page click here ! 

Key factors influencing market growth include 

Abundant availability of low cost propane feedstock especially from shale gas 

Rapid Industrialization and expanding consumer markets 

PDH technology is expected to play an increasingly central role in the global propylene supply chain, offering a more flexible and scalable solution for producers. 

The PDH market is poised for long-term growth, supported by favorable economic conditions, strong demand drivers, and continued innovation in process and catalyst technology.

In the automobile industry, the demand for propylene derivatives such as propylene oxide and polypropylene is rising due to the increasing number of electric vehicles that are made from lightweight materials.

Market Segmentation 

1 By Technology

CATOFIN

UOP Oleflex

Fluidized Catalytic Dehydrogenation (FCDh)

Steam Active Reforming (STAR)

Based on technology, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the UOP Oleflex segment during the forecast period of 2022-2031. 

2 By End Users 

Automotive and Transportation

Construction

Packaging

Textile 

Electrical and Electronics

Based on end users, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the packaging segment during the forecast period of 2022-2031.

3 By Derivative 

Polypropylene

Propylene Oxide

Acrylonitrile

Cumene

Alcohols

Based on derivative, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the polypropylene segment during the forecast period of 2022-2031.

4  By Region 

North America - U.S., Canada, and Mexico

Europe - Germany, France, Italy, Spain, Russia, and Rest-of-Europe

China

U.K.

Asia-Pacific and Japan - Japan, India, South Korea, ASEAN, and Rest-of-Asia-Pacific and Japan

In the global propane dehydrogenation (PDH) to propylene market, China and North America are anticipated to gain traction in terms of propane dehydrogenation (PDH) to propylene production, owing to the presence of the world’s largest manufacturers in those regions.

Demand Drivers and Limitations 

Growing demand for propylene based products

Increased availability of shale gas 

Sustainable and Circular Economy Initiatives 

Petrochemical Demand 

Fluctuation in Crude Oil Price 

Have a look at the free sample click here ! 

Key Companies 

•    LyondellBasell Industries Holdings B.V.

•    Borealis AG

•    INEOS Group Limited

•    GAIL (India) Limited

•    Dow Chemical Company

•    Koch Industries, Inc.

•    Formosa Plastics Corporation

•    KBR Inc.

Recent Developments in Propane Dehydrogenation (PDH) to Propylene Market

In March 2022, KBR and ExxonMobil Catalysts and Licensing collaborated on the advancements of propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's proprietary catalyst technology would be combined with KBR's proprietary K-PRO PDH technology to convert propane into propylene.

In January 2022, Hyosung Chemical started the production of propylene by PDH technology for the production of polypropylene units. Before the start-up of this plant, the polypropylene units were dependent on imported propylene.

Visit our Next Generation Fuel/ Energy Storage Solutions 

Conclusion

The propane dehydration to propylene (PDH) market has experienced significant growth, driven by increasing global demand for propylene, especially for downstream products like polypropylene, acrylonitrile, and propylene oxide. 

[communicationblogs]

Adsorbents Market- By Type, By Form, By End-Use Application — Global Opportunity Analysis & Industry Forecast, 2024–2030

Market Overview

Adsorbents market size is forecast to reach US$10.8 billion by 2030 after growing at a CAGR of 6.3% during 2024–2030. Adsorption is the accumulation of atoms or molecules on the surface of a material. This process creates a film of the adsorbate on the adsorbent’s surface. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The escalating demand for adsorbents stems from their efficacy in ensuring clean air and water.

A prominent trend in the adsorbents market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Report Coverage :

The report: “Adsorbents Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others

By Form: Powder, Flakes, and Others

By End-Use Application: Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Inquiry Before Buying

Key Takeaways : 

The Asia Pacific dominates the Adsorbents Market owing to the rising growth and increasing investments in the pharmaceutical and food industry.

The strict government regulations governing pharmaceutical product manufacture, hygiene, and quality control lead to a surge in the demand for adsorbents.

The rising demand for adsorbents in water and wastewater treatment application, has been a critical factor driving the growth of the Adsorbents Market in the upcoming years.

Adsorbents Market Segment Analysis — By Type

The zeolites segment held the largest share in the Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades. New lightweight cementing methods for oil and gas completions to new modified zeolite adsorbents for extracting metals or organics from water are just a few of the new inventive applications. Systems for zeolite gas treatment, pressure swing adsorption, smell control, and other specific applications are being developed. Inorganic adsorbents, particularly for environmental applications, industrial gas production, and specialized chemicals, are the most valuable applications for zeolites and synthesized zeolites. Thus, the rising usage of zeolites in various applications, have uplifted the Adsorbents Market growth, in the forecast period.

Schedule a Call

Adsorbents Market Segment Analysis — By End-Use Application

The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024–2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. The usage of the right adsorbent is necessary for the petrochemical plants due to the reactivity of ethylene plant streams. In the petrochemical industry, adsorbents are used for the effective removal of a wide range of contaminants from olefin-containing streams, complete system solutions for the treatment of off-gas streams from catalytic crackers (FCC, DCC, CPP) and acetylene producing units, and long lifetime and easy operability. The surging demand for adsorbents is due to the rising investments in its end use industry such as petrochemical industry. For instance, according to Alberta’s Industrial Heartland Association, the petrochemical sector in Alberta has the potential to increase by more than US$30 billion by 2030. Thus, the rising investments in the petrochemical industry of various countries will further drive the growth of the adsorbents market over the forecast period.

Adsorbents Market Segment Analysis — By Geography

Asia-Pacific region dominated the adsorbents market in terms of revenue with a share of 38% in 2023 and is projected to dominate the market during the forecast period 2024–2030. The growing demand for adsorbents, along with the high purchasing power in countries such as China, India, and Japan, tends to become a potential market for adsorbents during the forecast period. The surging adoption of adsorbents in the petrochemical, oil, and gas, and other sectors are driving the adsorbents market in China. Currently, several initiatives taken by organizations for the development of new petrochemical plants in the country have increased the demand for adsorbents. In November 2022, Saudi Aramco announced plans to invest in a US$7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp’s refining complex in the port city of Ulsan. In March 2023, Indian Oil announced plans to build a petrochemicals complex at Paradip with an investment of $7.3 billion. Such investments will drive the demand for adsorbents in this region during the forecast period. Adsorbents Market Driver :

Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents

Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization. Several types of adsorbents are utilized in the pharmaceutical sector, with a selection depending on the application requirement. Activated carbon, for instance, is used to remove contaminated or by-products during the drug formulation process, whereas activated alumina is used to recover Pyrogen-free pharmaceuticals and as a desiccant for drying air and industrial gases. Also, silica gel is also employed in column chromatography as a pharmaceutical adsorbent, where it assists in the separation or collection of various medication components. Regulations mandating the use of adsorbents in the pharmaceuticals sector such as, by the United States Pharmacopeia (USP), Japanese Pharmacopeia (JP), and so on are also influencing the adsorbents market growth in the pharmaceutical sector. For instance, according to Invest India, the pharmaceutical industry in India is expected to reach $65 billion by 2024 and to $130 billion by 2030.

Buy Now

Adsorbents Market Challenge

Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth

Although adsorbent materials can attract molecules to their surfaces, this ability is limited. Once the capacity has been reached, continued refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for adsorption of various pollutants and impurities such as carbon dioxide or hydrogen sulphide, mercaptans, manufacturing chemicals, and hydrate inhibitors in refining and purifying processes. The current contaminants react with the adsorbents at this point, causing the adsorbent to regenerate. These pollutants either renew or eliminate the adsorbent. The service life of adsorbents is determined by the material’s regeneration capacity, which could be a stumbling block for the overall adsorbents market.

Adsorbents Industry Outlook

Top 10 companies in the adsorbents market include:

BASF SE

Arkema SA

Honeywell International Inc.

Cabot Corporation

W. R. Grace & Co.

Clariant AG

Mitsubishi Chemical Corporation

Calgon Carbon Corporation (Kuraray)

Evonik Industries

Axens Group

For more Chemicals and Materials related reports, please click here

[pearlsmith25]

Propylene Oxide Market Research: Crafting Effective Strategies for Market Penetration

propylene oxide, also known as propene, is an unsaturated organic compound with the chemical formula C3H6. It serves as a basic petrochemical raw material and is mainly used to produce polypropylene oxide and propylene oxide oxide. Polypropylene oxide is a highly durable yet lightweight plastic used in a wide range of applications such as packaging, textiles, stationery, automotive and construction materials.

The global propylene oxide market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Rising polypropylene oxide demand represents a major opportunity for the propylene oxide market. Asia Pacific is witnessing robust growth in the polypropylene oxide market owing to increased consumption in packaging, automotive, and construction industries. China alone accounts for over 40% of global polypropylene oxide demand. The country's 13th Five-Year Plan focuses on increasing investment in transportation and rural infrastructure development which will strengthen the polypropylene oxide market. India also promises strong polypropylene oxide demand on account of rapid urbanization, rising disposable incomes, and growth in end-use industries. As polypropylene oxide is the primary derivative of propylene oxide, its surging demand across developing economies will propel the propylene oxide market forward during the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants in the propylene oxide market is low due to the high costs associated with production facilities and infrastructure. Established players who have access to raw materials and distribution networks have significant advantages over new players. Bargaining power of buyers: The bargaining power of buyers in the propylene oxide market is high. Buyers have high bargaining power due to the availability of substitute products and undifferentiated nature of propylene oxide. Buyers can easily switch between suppliers based on price and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are few major suppliers of raw materials for propylene oxide production, suppliers still depend on established players for off-take agreements. Supplier switching costs are also moderate. Threat of new substitutes: The threat of substitutes is low to moderate. While functionally similar chemicals can be used as substitutes for some applications of propylene oxide, limitations in terms properties restrict broad substitution. Established application areas remain hard to substitute. Competitive rivalry: The competitive rivalry in the global propylene oxide market is high due to the presence of numerous domestic and international players competing for market share. Players compete based on capabilities, product quality, and price. SWOT Analysis Strengths: propylene oxide has diverse applications and is a basic petrochemical with growing demand. Leading players have access to raw materials and economies of scale. Weaknesses: propylene oxide production is capital intensive and vulnerable to fluctuations in crude oil/natural gas prices. Environmental regulations regarding emissions are increasing production costs. Opportunities: Rising polymer demand from packaging and construction industries in Asia present an opportunity. Technologies to produce propylene oxide as a byproduct of ethanol provide new opportunities. Threats: Overcapacity can lead to pricing pressures. Strict environmental norms regarding air pollution are a challenge. Substitution threat from alternative chemicals is mounting. Key Takeaways The global propylene oxide market is expected to witness high growth in the coming years. The global propylene oxide market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027.

Rapid industrialization and infrastructural development are driving growth in Asia Pacific. China dominates global propylene oxide demand and capacity additions. The Chinese government is investing heavily in propylene oxide cracker projects to fulfill domestic demand. North America and Europe account for over 30% share of global propylene oxide consumption led by demand from polymer industries. They are mature markets with stable growth. However, future capacity additions are planned in the Middle East and Asia Pacific regions to leverage low feedstock costs. Key players: Key players operating in the propylene oxide market are Dow Chemical, ExxonMobil, LyondellBasell, SABIC, and BASF. These major players have integrated production facilities and long term offtake agreements with buyers to maintain consistent supply.

[adityarana1687-blog]

Petrochemicals Market Size To Reach $1002.45 Billion By 2030

The global petrochemicals market size is expected to reach USD 1002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. It is expected to expand at a CAGR of 7.0% from 2023 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.

Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.

Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years. However, declining prices of natural gas owing to a rise in its production are expected to augment the growth of the product over the forecast period.

The competitiveness among the producers of the product is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players are dominating the industry for the past few years owing to the increasing investment in R&D activities related to new product development.

Request a free sample copy or view the report summary: Petrochemicals Market Report

Petrochemicals Market Report Highlights

The methanol product segment is expected to expand at the highest revenue-based CAGR of 8.9% over the forecast period. The demand is attributed to the increase in demand for methanol in manufacturing biodiesel, which is biodegradable, safe, and produces fewer air pollutants as compared to other fuels

Surged use of polyethylene, High-density Polyethylene (HDPE), and Low-density Polyethylene (LDPE) is expected to foster the overall growth of the market for petrochemicals.

The butadiene product segment is expected to be an emerging segment in the coming years as it is a key building block used in the manufacturing of several chemicals and materials employed in the industries such as consumer durables, healthcare, and building and construction

Manufacturers have adopted joint ventures and acquisitions as major strategies to increase their global presence

Petrochemicals Market Segmentation

Grand View Research has segmented the global petrochemical market report on the basis of Product, and region

Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

Ethylene

Polyethylene

Ethylene oxide

EDC

Ethyl benzene

Others

Propylene

Polypropylene

Propylene oxide

Acrylonitrile

Cumene

Acrylic acid

Isopropanol

Other

Butadiene

SB Rubber

Butadiene rubber

ABS

SB latex

Others

Benzene

Ethyl benzene

Phenol/cumene

Cyclohexane

Nitrobenzene

Alkyl benzene

Other

Xylene

Toluene

Solvents

TDI

Others

Methanol

Formaldehyde

Gasoline

Acetic acid

MTBE

Dimethyl ether

MTO/MTP

Other

Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Europe

Germany

UK

France

Belgium

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Latin America

Brazil

Middle East

Africa

List of Key Players of Petrochemicals Market

BASF SE

Chevron Corporation

China National Petroleum Corporation (CNPC)

China Petrochemical Corporation

ExxonMobil Corporation

INEOS Group Ltd.

LyondellBasell Industries Holdings B.V.

Royal Dutch Shell PLC

SABIC

Dow

[industrynewsupdates]

A Comprehensive Guide to Glycol Ethers Procurement Intelligence

The glycol ethers category is expected to grow at a CAGR of 5.74% from 2023 to 2030. There is a growing urbanization and an increase in the number of construction projects that led to rising demand for paint and coatings activities, which in turn is expected to drive the category growth. Glycol ether's rapid drying time and better printing quality make it beneficial for the printing industry. Further, glycol ethers are utilized in a variety of personal care items, including sunscreens and cosmetics. It has a high boiling point and superior solvent characteristics, which make the molecule a crucial reagent in the production of numerous personal care products which will drive the glycol ethers market growth. The Asia-Pacific region accounts for the largest category share in 2020 as the region's rapidly growing population has increased global demand for a wide range of commodities for industries such as automobiles, pharmaceuticals, and personal care.

Recent technology advancements in DCS control systems and automatic production processes to accelerate the process cycle, reduce overall costs, and gain a competitive advantage in the global economy. For instance, Jiangsu Dynamic Chemical Co., Ltd. has set up two sets of Ethylene oxide (EO) production equipment with yearly capacities of 60,000t and 100,000t after introducing cutting-edge technology from a U.S. based company, SD company that provides R&D services and supplies products and components related to technology and engineering. The manufacture of EO has enhanced the industry chain of glycol ethers while increasing the core competitiveness of Jiangsu Dynamic Chemical Co., Ltd. The DCS control system is used throughout the entire production process to achieve automatic production. All automatic control devices have now reached the most advanced level within the same chemical industry categories globally. This will assist in achieving the company's operating principles, which are to put environmental preservation at the center of their operations, prioritize management, be driven by technical innovation, and manufacture high-quality products continuously to reach new heights.

Order your copy of the Glycol Ethers Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category's three main cost components are labor, raw material, machinery, and technology costs. Other costs involved are utility costs, packaging, and transportation costs. The raw materials used in the production of glycol ethers are ethylene oxide and propylene oxide which are highly volatile in terms of price. Price fluctuations of raw materials can influence a manufacturer's profitability and cost structure. Glycol ether prices in the North American region were stable at the beginning of June 2023. However, the prices went up as a result of rising production costs and rising feedstock ethylene oxide prices in North American region during mid of Q2 2023. During the recession, there was a shortage of labor, and production rates were low due to high labor costs. As a result, production costs and glycol ethers prices increased in the mid of Q2 2023 despite stable supply and demand dynamics and limited glycol ethers availability.    

Countries such as China, Japan, and India are the most preferred sourcing destinations for this category. China's significant technological advancement, environmental consciousness, government support as well as manufacturing capabilities made this region preferred for sourcing. This helped China to enhance and respond to the rising demand for this category by delivering essential solvents and additive manufacturing of paints, textiles, medicines, and automotive components. Selecting a supplier that is equipped to meet standards and assurance practices is considered to be an important sourcing practice in this category. The suppliers must be equipped to meet the United States Food and Drug Administration (FDA) regulations for use in food-related applications along with other standards and assurance practices. Other best sourcing practices include purchasing raw materials from low-cost nations and having strong technology capabilities.

Glycol Ethers Procurement Intelligence Report Scope

• Glycol Ethers Category Growth Rate: CAGR of 5.74% from 2023 to 2030

• Pricing growth Outlook: 5% - 6% (Annually)

• Pricing Models: Fixed pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Production capability, Types (P-series, E-series, etc.), Form available (powder, pellets, liquid, etc.), Packaging quantity, Technical specifications, Operational capabilities, Regulatory standards and mandates, Category innovations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Glycerin Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key companies profiled

• BASF SE

• The Dow Chemical Company

• Eastman Chemicals Company

• FBC Chemical

• Hannong Chemicals

• Henan GP Chemical

• Huntsman Corporation

• INEOS

• India Glycols Limited

• Jangsu Yida Chemical

• Kemipex

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions