The Latin America, Middle East and Africa Propylene Oxide Market would witness market growth of 7.2% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 1,438.1 kilo tonnes, showcasing a growth of 5.0% (2024-2031).
The advantages of using PO in the Electronics sector are significant. PO-based materials offer excellent thermal and electrical insulation properties, as well as high chemical resistance. Thus, the Brazil market consumed 312.71 kilo tonnes of propylene oxide in the market 2023.
The Brazil market dominated the LAMEA Propylene Oxide Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $794.6 million by 2031. The Argentina market is registering a CAGR of 8.3% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 6.9% during (2024 - 2031).
The healthcare and pharmaceutical sectors represent another significant market segment for it, where it is utilized in manufacturing medical devices, surgical instruments, pharmaceutical intermediates, and drug formulations.
Moreover, propylene oxide's biocompatibility, stabilizability, and versatility make it a preferred choice for critical applications such as medical implants, surgical equipment, and drug delivery systems, underscoring its importance in healthcare innovation and patient care.
Brazil's construction sector has witnessed increased demand for insulation materials to improve energy efficiency and thermal comfort in buildings. Polyurethane foams, derived from it are commonly used for insulation in walls, roofs, and floors due to their excellent thermal insulation properties. As construction activity grows to meet housing and infrastructure needs, the demand for polyurethane insulation materials derived from propylene oxide is expected to rise.
Free Valuable Insights: The Worldwide Propylene Oxide Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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