What is the projected size of the global propylene oxide market in 2026?

The global propylene oxide market is projected to be valued at US$ 21.2 billion in 2026, growing from US$ 15.6 billion in 2020. The market is forecast to reach US$ 31.7 billion by 2033 at a CAGR of 5.9%, representing an absolute dollar opportunity of US$ 10.5 billion.

What are the primary demand drivers for the propylene oxide market?

Primary drivers include the global polyurethane industry consuming over 25 million tons annually per ISOPA data, with PO-derived polyether polyols as the fundamental raw material. EU EPBD building renovation wave targeting 35 million building retrofits by 2030 drives rigid polyurethane insulation demand.

Which region leads the global propylene oxide market?

Asia Pacific leads with approximately 55% market share in 2026, with China representing 45% of global PO demand per CPCIF data through its massive integrated petrochemical-to-polyurethane industrial clusters. Japan's advanced polyurethane sector, India's expanding construction and automotive markets, and Southeast Asia's growing manufacturing base collectively reinforce Asia Pacific's dominant position.

What is the key growth opportunity in the propylene oxide market?

The HPPO (Hydrogen Peroxide to Propylene Oxide) process at 8% CAGR is the highest-growth technology segment, driven by EU IED compliance mandates, retiring chlorohydrin capacity, and BASF/Dow's commercially proven 300,000 ton/year Antwerp HPPO facility demonstrating industrial scalability.

Who are the leading companies in the global propylene oxide market?

Key companies include LyondellBasell Industries, BASF SE, Dow Inc., Huntsman Corporation, SABIC, Repsol, Royal Dutch Shell, Mitsui Chemicals, Sumitomo Chemical, SKC, LG Chem, Covestro AG, INEOS Group, Celanese Corporation, and Tokuyama Corporation.

Table of Content - Propylene Oxide Market Size, Share, and Growth Forecast 2026

Executive Summary
1. Global Propylene Oxide Market Snapshot 2026 and 2033
2. Market Opportunity Assessment, 2026-2033, US$ Bn
3. Key Market Trends
4. Industry Developments and Key Market Events
5. Demand Side and Supply Side Analysis
6. PMR Analysis and Recommendations
Market Overview
1. Market Scope and Definitions
2. Value Chain Analysis
3. Macro-Economic Factors
  1. Global GDP Outlook
  2. Global Automotive Industry Overview
  3. Global Chemical Industry Growth Outlook by Region
4. Forecast Factors - Relevance and Impact
5. COVID-19 Impact Assessment
6. PESTLE Analysis
7. Porter's Five Forces Analysis
8. Geopolitical Tensions: Market Impact
9. Regulatory and Technology Landscape
Market Dynamics
1. Drivers
2. Restraints
3. Opportunities
4. Trends
Price Trend Analysis, 2020 - 2033
1. Region-wise Price Analysis
2. Price by Segments
3. Price Impact Factors
Global Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Global Propylene Oxide Market Outlook: Production Process
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Production Process, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
    1. Chlorohydrin Process
    2. Styrene Monomer Process
    3. TBA Co-Product Process
    4. Hydrogen Peroxide Process
    5. Cumene-Based Process
  4. Market Attractiveness Analysis: Production Process
3. Global Propylene Oxide Market Outlook: Application
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Application, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
    1. Polyether Polyols
    2. Propylene Glycols
    3. Glycol Ethers
    4. Other
  4. Market Attractiveness Analysis: Application
4. Global Propylene Oxide Market Outlook: End Use
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by End Use, 2020-2025
  3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
    1. Automotive
    2. Building & Construction
    3. Chemical & Pharmaceutical
    4. Textile & Furnishing
    5. Packaging
    6. Electronics
    7. Other
  4. Market Attractiveness Analysis: End Use
Global Propylene Oxide Market Outlook: Region
1. Key Highlights
2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Region, 2020-2025
3. Current Market Size (US$ Bn) and Volume (Tons) Forecast, by Region, 2026-2033
  1. North America
  2. Europe
  3. East Asia
  4. South Asia & Oceania
  5. Latin America
  6. Middle East & Africa
4. Market Attractiveness Analysis: Region
North America Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Pricing Analysis
3. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2026-2033
  1. U.S.
  2. Canada
4. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
  1. Chlorohydrin Process
  2. Styrene Monomer Process
  3. TBA Co-Product Process
  4. Hydrogen Peroxide Process
  5. Cumene-Based Process
5. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
  1. Polyether Polyols
  2. Propylene Glycols
  3. Glycol Ethers
  4. Other
6. North America Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
  1. Automotive
  2. Building & Construction
  3. Chemical & Pharmaceutical
  4. Textile & Furnishing
  5. Packaging
  6. Electronics
  7. Other
Europe Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Pricing Analysis
3. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2026-2033
  1. Germany
  2. Italy
  3. France
  4. U.K.
  5. Spain
  6. Russia
  7. Rest of Europe
4. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
  1. Chlorohydrin Process
  2. Styrene Monomer Process
  3. TBA Co-Product Process
  4. Hydrogen Peroxide Process
  5. Cumene-Based Process
5. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
  1. Polyether Polyols
  2. Propylene Glycols
  3. Glycol Ethers
  4. Other
6. Europe Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
  1. Automotive
  2. Building & Construction
  3. Chemical & Pharmaceutical
  4. Textile & Furnishing
  5. Packaging
  6. Electronics
  7. Other
East Asia Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Pricing Analysis
3. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2026-2033
  1. China
  2. Japan
  3. South Korea
4. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
  1. Chlorohydrin Process
  2. Styrene Monomer Process
  3. TBA Co-Product Process
  4. Hydrogen Peroxide Process
  5. Cumene-Based Process
5. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
  1. Polyether Polyols
  2. Propylene Glycols
  3. Glycol Ethers
  4. Other
6. East Asia Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
  1. Automotive
  2. Building & Construction
  3. Chemical & Pharmaceutical
  4. Textile & Furnishing
  5. Packaging
  6. Electronics
  7. Other
South Asia & Oceania Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Pricing Analysis
3. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2026-2033
  1. India
  2. Southeast Asia
  3. ANZ
  4. Rest of SAO
4. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
  1. Chlorohydrin Process
  2. Styrene Monomer Process
  3. TBA Co-Product Process
  4. Hydrogen Peroxide Process
  5. Cumene-Based Process
5. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
  1. Polyether Polyols
  2. Propylene Glycols
  3. Glycol Ethers
  4. Other
6. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
  1. Automotive
  2. Building & Construction
  3. Chemical & Pharmaceutical
  4. Textile & Furnishing
  5. Packaging
  6. Electronics
  7. Other
Latin America Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Pricing Analysis
3. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2026-2033
  1. Brazil
  2. Mexico
  3. Rest of LATAM
4. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
  1. Chlorohydrin Process
  2. Styrene Monomer Process
  3. TBA Co-Product Process
  4. Hydrogen Peroxide Process
  5. Cumene-Based Process
5. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
  1. Polyether Polyols
  2. Propylene Glycols
  3. Glycol Ethers
  4. Other
6. Latin America Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
  1. Automotive
  2. Building & Construction
  3. Chemical & Pharmaceutical
  4. Textile & Furnishing
  5. Packaging
  6. Electronics
  7. Other
Middle East & Africa Propylene Oxide Market Outlook: Historical (2020 - 2025) and Forecast (2026 - 2033)
1. Key Highlights
2. Pricing Analysis
3. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by Country, 2026-2033
  1. GCC Countries
  2. South Africa
  3. Northern Africa
  4. Rest of MEA
4. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by Production Process, 2026-2033
  1. Chlorohydrin Process
  2. Styrene Monomer Process
  3. TBA Co-Product Process
  4. Hydrogen Peroxide Process
  5. Cumene-Based Process
5. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by Application, 2026-2033
  1. Polyether Polyols
  2. Propylene Glycols
  3. Glycol Ethers
  4. Other
6. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Forecast, by End Use, 2026-2033
  1. Automotive
  2. Building & Construction
  3. Chemical & Pharmaceutical
  4. Textile & Furnishing
  5. Packaging
  6. Electronics
  7. Other
Competition Landscape
1. Market Share Analysis, 2025
2. Market Structure
  1. Competition Intensity Mapping
  2. Competition Dashboard
3. Company Profiles
  1. BASF SE
    1. Company Overview
    2. Product Portfolio/Offerings
    3. Key Financials
    4. SWOT Analysis
    5. Company Strategy and Key Developments
  2. Mitsui Chemicals
  3. Dow Inc.
  4. Huntsman Corporation
  5. Lyondellbasell Industries Holdings
  6. Royal Dutch Shell
  7. Huntsman International
  8. SABIC
  9. Repsol
  10. Tokuyama Corporation
  11. Sumitomo Chemical Co.,
  12. SKC
  13. LG Chem
  14. Celanese Corporation
  15. INEOS Group
Appendix
1. Research Methodology
2. Research Assumptions
3. Acronyms and Abbreviations

Propylene Oxide Market Size, Share, and Growth Forecast 2026 - 2033

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