In 2022, a series of interrelated major events, including the COVID-19 pandemic, the war in Ukraine and the resulting food and energy crisis, soaring inflation, tightening debt conditions, and climate emergencies, resulted in a severe blow to the global economy. The global economy has been seeing a slowdown in 2023 since the last year. The Asia-Pacific region is generally in a post-pandemic recovery phase, but the recovery is slow. Dow Chemical and Shell declared force majeure on the supply of propylene oxide. Zhejiang Petroleum & Chemical, Satellite Chemical, and Jincheng Petrochemical successfully started their new production facilities. However, the demand from polyether polyols and propylene glycol has not met expectations, amplified the supply-demand imbalance and further tilted the dominance downstream. The price of propylene oxide has fallen to the level of CNY 10,000/tonne, with narrower fluctuations, while profitability has significantly declined. With the implementation of “Industrial Structure Adjustment Guidance Catalogue”, the use of chlorohydrin process is expected to be phased out in China by the end of 2025.
Asia Pacific PO Market Report 2023, prepared by PUdaily, focuses on the Asia-Pacific market, providing in-depth analysis of the supply-demand pattern, price trends, costs and profits, potential growth, industry opportunities and potential threats, investment environment, and more. This report will assist users in targeting the ever-changing submarkets in the coming years, helping stakeholders make informed decisions and promote their development.
Propylene Oxide Market Segment
Sample: Downstream Demand Share of Propylene Glycol in China, 2023
Polyether polyol
Polyether polyol is one of the most consumed downstream products of PO, mainly used in the production of polyurethane foam and to a lesser extent in non-foam CASE (coatings, adhesives, sealants and elastomers) materials.
Propylene glycol/DMC
Propylene glycol is the second most consumed downstream product of PO, mainly used in the production of unsaturated resins, and to a lesser extent in the food processing industry, pharmaceutical industry and cosmetics.
Propylene glycol ether
The report thoroughly analyses the mentioned subsets in relation to each segment. It provides detailed insights into the market dynamics, trends, and growth prospects.
Regional Insights
Our report features a comprehensive geographical segmentation, highlighting key factors crucial to the understanding of the Propylene Oxide market in the Asia-Pacific region. We provide a thorough analysis of supply and demand dynamics, price trends, cost and profit structures, market price forecasts, import and export scenarios, developments in production technology, and market forecasts, etc. for Propylene Oxide within each region of Asia-Pacific.
* The Asia-Pacific region discussed in this report mainly includes China, Southeast Asia, Japan and South Korea, and India, excluding the countries in the Middle East and Oceania.
Sample: Propylene oxide production capacity and demand in Japan and South Korea, 2019-2023 (in 10kT)
Key Market Player & Competitive Insights
The global propylene oxide industry is highly concentrated, with production capacity concentrated in the hands of several chemical giants, including Dow Chemical, LyondellBasell, Shell and BASF. The world's top three companies, Dow Chemical, LyondellBasell and Shell, together account for nearly half of the world's total production capacity, and these three companies are also the main pioneers of global propylene oxide production technology. Our comprehensive analysis delves into the competitive landscape of major players in the propylene oxide market across different regions:
Sample: Dow Chemical Global Propylene Oxide Capacity Distribution (in 10kT)
Global
Southeast Asia and India
Japan and South Korea
WHY PUDAILY’S REPORT?
Robust Research Methodology: PUdaily’s commitment to delivering insightful market intelligence is underpinned by a meticulous two-phase methodology: Phase I – Data Mining, and Phase II - Business Analysis. We have a network of industry experts to guarantee the authenticity and objectivity of the presented data.
Comprehensive Coverage: Our report leaves no stone unturned, providing a 360-degree view of the Asia-Pacific propylene oxide market.
Strategic Decision Support: Empower your decision-making with data-backed insights, giving you a competitive edge.
DISCOVER MORE
PUdaily’s collection of reports comprehensively covers the entire spectrum of the Polyurethane industry in Asia-Pacific:
CONTACT US
PUdaily’s Asia-Pacific Propylene Oxide Market Research Report 2023 is now available for purchase. For more details, place an order or to obtain free samples, please contact:
Ms. Lucy Tang
Telephone: 0086-021-61250980
Email: marketing@pudaily.com
Address: Room 607, Block B, No.1439 Wuzhong Road, Shanghai, China
Or visit our official website: https://www.pudaily.com/Home/MarketReports
ABOUT PUDAILY
PUdaily is a trustworthy market information provider of Asian, especially Chinese polyurethane intelligence for the products of TDI, MDI, Propylene Oxide, Polyether Polyols, Adipic Acid, Polyester Polyols, BDO-THF-PTMEG, Aliphatic Isocyanates, PU Systems and more. We are a brand of Suntower Consulting Limited with 17 years presence in China polyurethane market.
While real-time price tracking and vital market intelligence hook global customers into its platform, PUdaily has built up its brand, reputation and influence by offering customized solution packages and organizing industry events. Google statistics highlight our broad global reach, with a customer base extending to over 80 countries and territories. This includes discerning patrons ranging from upstream materials producers to downstream users, covering the entire spectrum of the polyurethane industry's value chain.
