Worldwide propylene oxide markets expected to witness a CAGR of 5.9% during 2019-2024

摘要

The propylene oxide market is expected to grow at a compound annual growth rate (CAGR) of around 5.9% during the forecast period of 2019-2024, according to a new report 'Propylene Oxide Market - Growth, Trends, and Forecast (2019 - 2024)' from Mordor Intelligence. The major factors driving the growth of this market are the rising demand for polyether polyols for polyurethane production, and the wide-ranging downstream applications of propylene glycol. On the flipside, the threats due to emerging alternatives, potential carcinogenicity and hazardous effects on mammals, and the environmental impact of the chlorohydrin process are some of the major concerns for the studied market. The polyether polyols segment dominated the market in 2018 and is likely to grow during the forecast period, with the growing demand for use in both foam and non-foam applications. The increasing construction and infrastructure spending in emerging economies, such as China, India and Brazil, is likely to provide opportunities for the studied market during the forecast period.