The North America Propylene Oxide Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,918.5 kilo tonnes, showcasing a growth of 20.4% (2020-2023).
The chlorohydrin process is one of the primary methods for producing propylene oxide, involving the reaction of propylene with chlorine gas and aqueous hydrochloric acid. Thus, the Canada market consumed 130.3 kilo tonnes of Propylene Oxide by chlorohydrin process in the market 2026.
The US market dominated the North America Propylene Oxide Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,359.9 million by 2031. The Canada market is experiencing a CAGR of 7.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2024 - 2031).
Propylene oxide (PO) is a versatile chemical compound with a wide range of industrial applications, making it a vital component of various sectors such as manufacturing, automotive, construction, and healthcare. As a highly reactive epoxide.
Additionally, propylene oxide is a building block for producing numerous chemicals and materials, including polyurethanes, propylene glycol, glycol ethers, and flame retardants. The propylene oxide market is characterized by robust demand.
The automotive industry in Mexico relies heavily on polyurethane foams for vehicle interiors, including seats, headliners, armrests, and door panels. Propylene oxide is a key raw material used to produce polyurethane foams. With the expansion of automotive manufacturing facilities in Mexico, there is a growing demand for polyurethane foam components, thereby driving the demand for propylene oxide in the region.
Free Valuable Insights: The Propylene Oxide Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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