The Global Propylene Oxide for Industrial Market was valued at USD 18.2 Billion in 2024 and is projected to reach USD 24.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2024–2030). This expansion is propelled by robust demand from the polyurethane foam sector, increased consumption in automotive and construction industries, and a strategic shift towards sustainable production technologies like Hydrogen Peroxide to Propylene Oxide (HPPO).

As global manufacturing pivots towards efficiency and environmental responsibility, the companies producing this essential chemical intermediate are at the forefront of innovation. In this blog, we profile the Top 10 Companies in the Propylene Oxide for Industrial Market—a mix of chemical giants, refining leaders, and technology innovators shaping the supply chain for countless downstream products.

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🔟 1. LyondellBasell Industries Holdings B.V.

Headquarters: Houston, Texas, USA
Key Offering: Propylene Oxide, Polyols, Propylene Glycol

LyondellBasell is one of the world’s largest producers of propylene oxide and its derivatives. The company utilizes both the conventional Chlorohydrin (CHPO) and innovative HPPO production processes, operating vast-scale facilities across North America, Europe, and Asia. Their integrated approach allows them to serve the polyether polyols market directly.

Innovation & Sustainability Initiatives:

• Pioneer and leading licensor of HPPO technology for lower environmental impact

• Commitment to achieving carbon neutrality by 2050

• Focus on circular economy principles and advanced recycling

Download FREE Sample Report:
Propylene Oxide for Industrial Market – View in Detailed Research Report

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9️⃣ 2. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: Propylene Oxide, Polyether Polyols, Specialty Chemicals

Dow is a global leader in materials science, with a significant footprint in the propylene oxide market. Its PO production is a critical feedstock for its downstream polyurethanes business, supplying flexible and rigid foams used in furniture, construction, and automotive applications worldwide.

Innovation & Sustainability Initiatives:

• Investment in capacity expansions to meet growing global demand

• Development of bio-based and circular feedstock pathways for polyols

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Propylene Oxide, Polyols, Propylene Glycol

BASF operates a major, integrated production complex for propylene oxide and polyols in Antwerp, Belgium, one of the largest of its kind globally. The company serves a diverse range of industries, emphasizing product quality and supply chain reliability.

Innovation & Sustainability Initiatives:

• Deployment of HPPO technology for efficient and cleaner production

• Ambitious CO₂ reduction targets across its entire value chain

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7️⃣ 4. Shell Global

Headquarters: London, United Kingdom
Key Offering: Propylene Oxide, Ethylene Oxide, Base Chemicals

Shell’s chemicals division is a key player, often producing PO as part of its integrated refinery and chemical operations. The company’s strong global presence ensures a steady supply of propylene oxide to various industrial customers.

Innovation & Sustainability Initiatives:

• Exploring pathways to produce chemicals from renewable resources

• Focus on energy efficiency and emissions reduction in manufacturing

Download FREE Sample Report:
Propylene Oxide for Industrial Market – View in Detailed Research Report

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6️⃣ 5. INEOS

Headquarters: London, United Kingdom
Key Offering: Propylene Oxide, Propylene Glycol, Oxides & Derivatives

INEOS Oxide is a major producer with manufacturing sites in Europe and the USA. The company has a strong focus on the merchant market for propylene oxide and its derivatives, serving a broad customer base with high-purity products.

Innovation & Sustainability Initiatives:

• Investment in plant modernization and process optimization

• Commitment to the Responsible Care® initiative for chemical industry safety and sustainability

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5️⃣ 6. Repsol

Headquarters: Madrid, Spain
Key Offering: Propylene Oxide, Base Chemicals, Aromatics

Repsol’s chemical arm is a significant producer in Southern Europe, with integrated production facilities. The company leverages its refining assets to secure propylene feedstock, ensuring a competitive position in the European market.

Innovation & Sustainability Initiatives:

• Strategic focus on circular economy through chemical recycling projects

• Aiming for net-zero emissions by 2050

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4️⃣ 7. SKC

Headquarters: Seoul, South Korea
Key Offering: Propylene Oxide (via HPPO), Polyols

SKC is a prominent South Korean chemical company and a key player in Asia’s propylene oxide market. It operates advanced HPPO plants, benefiting from high efficiency and a smaller environmental footprint compared to traditional methods.

Innovation & Sustainability Initiatives:

• Leader in HPPO technology implementation in Asia

• Active in developing eco-friendly chemical products and processes

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3️⃣ 8. Sumitomo Chemical

Headquarters: Tokyo, Japan
Key Offering: Propylene Oxide, Polyether Polyols, Fine Chemicals

Sumitomo Chemical is a major integrated chemical company in Japan with a strong presence in the propylene oxide value chain. The company supplies high-quality PO and derivatives to both domestic and international markets.

Innovation & Sustainability Initiatives:

• Continuous investment in R&D for process improvement and new applications

• Commitment to sustainable society goals through its business operations

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2️⃣ 9. Hongbaoli Group Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Propylene Oxide, Polyether Polyols

Hongbaoli is a leading Chinese manufacturer specializing in propylene oxide and polyether polyols. The company has rapidly expanded its capacity to cater to the booming demand from China’s construction and appliance industries.

Innovation & Sustainability Initiatives:

• Significant capacity expansions to capture domestic market growth

• Focus on operational efficiency and cost leadership

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1️⃣ 10. Befar Group

Headquarters: Shandong, China
Key Offering: Propylene Oxide, Epoxy Propane, Chlor-Alkali Products

Befar Group is a major chemical enterprise in China with a strong integrated production chain for propylene oxide, often using the chlor-alkali process. It plays a critical role in supplying the vast Asian market.

Innovation & Sustainability Initiatives:

• Vertical integration from raw materials to finished PO

• Investments in environmental protection and cleaner production technologies

Get Full Report Here:
Propylene Oxide for Industrial Market – View in Detailed Research Report

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🌍 Outlook: The Future of Propylene Oxide is Greener and More Efficient

The propylene oxide market is undergoing a significant transformation. While demand from traditional sectors remains strong, the industry is actively investing in eco-friendly production technologies, capacity expansion, and circular economy principles to meet future challenges and regulations.

📈 Key Trends Shaping the Market:

• Accelerated adoption of HPPO technology for its environmental benefits over CHPO and SM/PO processes

• Strong demand growth from the Asia-Pacific region, particularly China and India

• Increasing R&D into bio-based propylene and green polyols

• Integration of digitalization and Industry 4.0 for optimized plant operations

Get Full Report Here:
Propylene Oxide for Industrial Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial chemical—they’re driving the innovation and sustainability required for the next generation of manufacturing.