Propylene Oxide Market

The propylene oxide market is projected to grow from USD 14.89 billion in 2025 to USD 18.88 billion by 2030, at a CAGR of 4.9% during the forecast period. The global propylene oxide market is projected to expand significantly between 2025 and 2030. This expansion is driven by demand for polyurethane foam in energy-efficient construction insulation and lightweight automotive components, which will increase as electric vehicles use these materials for thermal management systems. The production of consumer durables, furniture, and advanced packaging solutions will increase because developing Asian economies experience rapid industrial growth and urban development.

Dow (US), LyondellBasell Industries Holdings B.V. (Netherlands), Shell (UK), Indorama Ventures Public Company Limited (Thailand), and SABIC (Saudi Arabia) are the leading players in the global propylene oxide market. These players have adopted strategies such as acquisitions, expansions, partnerships, and investments to increase their market share.

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 Dow (US)

Dow, Inc. is a multifaceted chemical company that produces and markets plastics, chemicals, industrial goods, and agricultural products. Four business segments—packaging and specialty plastics, industrial intermediates and infrastructure, performance materials & coatings, and corporate—are used to oversee business operations. The company serves a number of end-use industries, including agriculture, construction, healthcare & medical, packaging, oil & gas, water, transportation, and renewable energy, by providing propylene oxide through its industrial, intermediates, and infrastructure business segment. Polyurethanes & construction chemicals and industrial solutions are the two sub-segments that make up the industrial intermediates and infrastructure segment. The polyurethanes & construction chemicals sub-segment is involved in the production of propylene oxide. The company produces propylene oxide at four facilities in Brazil, Germany, Louisiana (US), and Texas (US). It also has 201 production plants in 36 countries. The company has operations in the US, Europe, the Middle East & Africa, and Asia Pacific, and offers its products and services across 180 countries through its subsidiaries.

LyondellBasell Industries Holdings B.V. (Netherlands)

LyondellBasell Industries Holdings B.V. manufactures gasoline, chemicals, and plastic resins. Olefins & polyolefins—Americas; olefins & polyolefins—Europe, Asia, and international; intermediates & derivatives; refining; and technology comprise the company's five business segments. Propylene glycol, propylene glycol ethers, butanediol, and other products and derivatives of propylene oxide are manufactured by the corporation under the intermediates & derivatives section. It uses joint ventures and subsidiaries to conduct business internationally.

Shell (UK)

The London Stock Exchange lists Shell PLC, also referred to as Shell. As a vertically integrated business, Royal Dutch Shell PLC engages in both upstream and downstream operations in the oil & gas sector. It is one of the top six oil & gas businesses in the world. The company's five business segments are oil products, integrated gas, chemicals, upstream, and corporate. It is active in chemicals and other energy-related sectors in addition to the worldwide oil & gas industry. It stimulates innovation and research to produce technological solutions. The business offers technological capabilities and technical assistance for both upstream and downstream operations. Through its downstream business area, it provides propylene oxide.

Indorama Ventures Public Company Limited (Thailand)

Indorama Ventures Public Company Limited is a Thai company that was listed on the Stock Exchange of Thailand in February 2010. Its registered office is located in Bangkok, Thailand. During the financial year, the immediate parent company was Indorama Resources Limited, incorporated in Thailand, while the ultimate parent company was Canopus International Limited, incorporated in Mauritius. The main operations of the company and its subsidiaries ("Group") involve the production and distribution of polyethylene terephthalate (PET), purified terephthalic acid (PTA), paraxylene (PX), recycling, purified isophthalic acid (PIA), naphthalene dicarboxylate (NDC), PET preforms and packaging, integrated ethylene glycol (EG), integrated purified propylene oxide, integrated surfactants such as EOA, LAB, and others, as well as fibers including polyester, rayon, nylon, polypropylene, composites, and worsted wool fiber products. The company operates manufacturing, R&D, and administrative facilities in over 30 countries worldwide.

SABIC (Saudi Arabia) SABIC operates as a global diversified chemicals producer headquartered in Riyadh, Saudi Arabia. The company operates through public stock ownership because Saudi Aramco controls 70% of its shares while the remaining shares are accessible to public investors. The company produces a wide array of products that include petrochemicals, industrial chemicals, polymers, fertilizers, agricultural nutrients, various metals, and specialty items. The company operates its business in more than 50 countries, while its products reach customers in over 100 different countries. SABIC operates in multiple fields, which include hygiene & healthcare, electrical & electronics, packaging, agriculture, consumer goods, construction, transportation, and clean energy. The company develops about 150 new products annually while holding multiple patents and pursuing sustainability goals, which include a 25% reduction in energy, greenhouse gas, and water consumption by 2025.

Market Ranking

The propylene oxide market is competitive, with five major players, Dow (US), LyondellBasell Industries Holdings B.V. (Netherlands), Shell (UK), Indorama Ventures Public Company Limited (Thailand), and SABIC (Saudi Arabia), collectively accounting for 40–45% of the global market share. The companies control the majority of the propylene oxide market because their petrochemical operations, together with their PO/TBA and HPPO production technologies and their global distribution systems, create a competitive advantage. Indorama Ventures (Thailand) has achieved rapid growth by acquiring new companies, enabling backward integration from feedstock production to achieve cost-efficient production. SABIC (Saudi Arabia) maintains competitive export prices by using its propylene feedstock, which exists in excess, and because Gulf markets show strong demand for its products. The companies advance the market through their technical expertise, operating multiple production facilities across various regions, and holding existing supply contracts with downstream polyurethane and glycol manufacturers. The companies together control a major share of global production capacity and influence pricing and product development across the propylene oxide industry. The remaining market share is distributed among regional and emerging participants investing in localized propylene oxide ecosystems, including production, distribution, and end-use applications tailored to national sustainability and energy transition goals.

Related Reports:

Propylene Oxide Market by Production Process (Chlorohydrin Process, Styrene Monomer Process), Application (Polyether Polyols, Propylene Glycol), End-use Industry (Automotive, Building & Construction, Chemicals), and Region - Global Forecast to 2030

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