The Europe Propylene Oxide Market would witness market growth of 5.4% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 2,074.5 kilo tonnes, showcasing a growth of 20.6% (2020-2024).
Polyether polyols are versatile compounds used in a wide range of applications, including flexible and rigid foams, coatings, adhesives, sealants, and elastomers. Thus, the France market would consume 230.47 kilo tonnes of Polyether polyols in the market 2028.
The Germany market dominated the Europe Propylene Oxide Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,667.3 million by 2031. The UK market is exhibiting a CAGR of 4.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.2% during (2024 - 2031).
Propylene oxide's versatility and compatibility with various manufacturing processes have contributed to its widespread adoption across various applications, from automotive components and construction materials to pharmaceuticals and personal care products.
Moreover, in the automotive industry, propylene oxide is used to produce polyurethane foams for vehicle interiors, seating, and insulation, contributing to lightweighting efforts and enhancing comfort and safety features.
Italy has a strong automotive manufacturing sector, producing luxury cars to commercial vehicles. Polyurethane foams, which rely on propylene oxide as a key raw material, are extensively used in automotive seating and interior components. As the Italian automotive sector expands, the demand for polyurethane foams to meet the needs of vehicle manufacturers increases, driving up the demand for propylene oxide, which is essential for producing these foams.
Free Valuable Insights: The Global Propylene Oxide Market will Hit USD 36.3 Billion by 2031, at a CAGR of 5.7%
Based on Production Process, the market is segmented into Chlorohydrin Process, Styrene Monomer Process, TBA Co-product Process, Cumene-based Process and Hydrogen Peroxide Process. Based on Application, the market is segmented into Polyether Polyols, Propylene Glycol, Glycol Ethers, and Others. Based on End User, the market is segmented into Automotive, Building & Construction, Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Production Process (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End User (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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