Propylene Oxide Price Trend Analysis, Historical Chart and Forecast
Propylene oxide can be defined as an artificial, extremely combustible, unstable, colourless liquid that is soluble in water and mixable with several organic solvents. This liquid is utilised mainly as a chemical medium in the making of polyethers and propylene glycol. In addition, it is also utilised as a pesticide and a fumigant for the sterilisation of packed food products and plastic medical instruments. Propylene oxide is a clear, colourless unstable liquid with a light fragrance. Moreover, it is flammable around a broad range of vapour-air concentrations.
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The Netherlands, Saudi Arabia, the United States, Thailand, and Germany are the main exporters of propylene oxide worldwide.
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 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 Propylene Oxide Price Trend:
Propylene oxide is a critical common chemical medium. Almost all propylene oxide generated is transformed into derivatives, which are commonly used for applications the same as those of ethylene oxide byproducts. In addition, the chemical is mainly utilised to manufacture polyether polyols, propylene glycols and propylene glycol ethers. Moreover, it is a certified packaged fumigant that can be used by itself or combined with carbon dioxide for dried fruits and as a bulk fumigant for food products like cocoa, spices, processed nutmeats, starch, and gums. Besides, several specific organic compounds can be obtained from propylene oxide. Furthermore, propylene oxide is also utilised as a responsive dilutant in the making of implanting tissues for the diffusion of electron microscopy.
Key Players:
- The Dow Chemical Company
- BASF SE
- Huntsman Corporation
- Sumitomo Chemical Co., Ltd.
- LyondellBasell Industries Holdings B.V.
- Royal Dutch Shell Plc.
News & Recent Development:
- March 17, 23: One of the world’s leading producers of chemical products, LyondellBasell, stated that it has positively begun its world’s biggest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas. This new facility on the U.S. Gulf Coast has a yearly output of 470 thousand metric tonnes of PO and one million tonnes of TBA and its byproducts. This substantial augmentation of the firm’s operations will support its position of being a leader in the chemicals sector and also fulfil the demand of its customers.
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