Propylene Oxide Prices, Trends & Forecasts | Provided by Procurement Resource
In Asia, propylene oxide prices rose in Q1 2023 due to volatile crude oil and feedstock costs, with a sharper increase in mid-quarter due to limited product availability from decreased production rates. However, Q2 saw a decline driven by weak downstream industry support and constrained buyer purchasing power. Europe experienced falling propylene oxide prices throughout Q1 and Q2 due to declining crude oil prices, elevated interest rates, and sluggish construction and polyol sectors. North America’s propylene oxide prices were adversely impacted by increasing bank interest rates, worsening demand and feedstock conditions, rising inflation, sluggish downstream industries, and economic challenges, leading to a decline in Q2.
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Definition
Propylene oxide is a highly reactive organic compound with the chemical formula C3H6O. It is a colorless, volatile liquid with a slightly sweet odor. It is primarily used in the production of polyurethanes, which are versatile plastics and foams used in various industries. Propylene oxide is also employed as a chemical intermediate in the synthesis of other compounds and materials. It can undergo various chemical reactions due to its high reactivity, making it valuable in producing a wide range of products in industries such as automotive, construction, and consumer goods.
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 Propylene Oxide 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 Price Trend, including India Propylene Oxide price, USA Propylene Oxide Price, 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 the Propylene Oxide Price Trend:
Propylene oxide holds significant industrial importance, primarily as a key building block in polyurethane production. Polyurethanes find application in foam insulation, cushioning materials, adhesives, coatings, and flexible foams. Additionally, propylene oxide serves as a vital intermediate in the manufacture of various chemicals, including glycol ethers used in solvents, pharmaceuticals, and cosmetics. It finds use in producing propylene glycol, a versatile compound utilized in antifreeze, food additives, and personal care products. Propylene oxide also has applications in the production of propylene glycol ethers, which are used in industrial and consumer products. Its versatility contributes to its essential role in diverse industries.
Key Players:
- The Dow Chemical Company
- BASF SE
- Huntsman Corporation
- Sumitomo Chemical Co Ltd
- LyondellBasell Industries Holdings B.V.
- Royal Dutch Shell Plc
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