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Propylene oxide is a synthetic cyclic ether, having a chemical formula C3H6O. It is derived by either dehydrochlorinating propylene chlorohydrin or indirectly oxidizing propylene. It is volatile and flammable in nature.
The molar mass of propylene oxide is 58.07914 g/mol and its density is 830 kg/m³. The boiling point of propylene oxide is 34 °C.
It is primarily employed as a precursor in the manufacturing of several chemicals as well as is used in various industries such as electronics, furniture, automotive, and textile.
The top exporters of propylene oxide are the Netherlands, the United States, Germany, South Korea, and Saudi Arabia.
Key Details About the Propylene Oxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propylene Oxide price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Propylene Oxide pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Propylene Oxide Price Trend:
The use of propylene oxide as a fumigant to eliminate bacterial and insect infestations in soil and packaged food products is what is primarily fueling the market’s expansion. Additionally, propylene oxide is used in trace amounts to sterilise medical equipment, which raises demand for it in the healthcare sector.
Additionally, because propylene oxide is used to manufacture various parts, the need for it is growing along with the development of the automobile industry.
Due to the product’s widespread use in sectors like construction, automotive, textile, and aerospace, the industry is growing quickly.
Key Market Players:
- The Dow Chemical Company
- BASF SE
- Huntsman Corporation
- Sumitomo Chemical Co., Ltd.
- LyondellBasell Industries Holdings B.V.
- Royal Dutch Shell Plc.
News and Events:
- 30 November 2022: Throughout the second half of 2022, Europe’s consumption of propylene oxide (PO) and its derivatives were subdued because of rising costs, the global economic crises, and changing consumer trends.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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