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The global propylene oxide market is anticipated to achieve a CAGR of 4% during the forecast period, i.e. 2021-2025.
On account of the growing number of applications in a wide variety of end-use industries such as food & beverage, pharmaceuticals, plastics, and others, the production of propylene glycol has seen a substantial rise in recent years. Propylene glycol is used as a chemical feedstock in the manufacturing of unsaturated polyester resins, medication vaporizers, hand sanitizers, airplane de-icing oils, and solvents for several compounds. The rising number of applications of propylene glycol derived from propylene oxide is another main factor responsible for the growth of propylene oxide market.
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The global propylene oxide market is anticipated to achieve a CAGR of 4% during the forecast period, i.e. 2021-2025.
On account of the growing number of applications in a wide variety of end-use industries such as food & beverage, pharmaceuticals, plastics, and others, the production of propylene glycol has seen a substantial rise in recent years. Propylene glycol is used as a chemical feedstock in the manufacturing of unsaturated polyester resins, medication vaporizers, hand sanitizers, airplane de-icing oils, and solvents for several compounds. The rising number of applications of propylene glycol derived from propylene oxide is another main factor responsible for the growth of propylene oxide market.
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