Top 10 Companies in the Propylene Oxide (PO) via Hydrogen Peroxide (HPPO) Process Market (2026): Market Leaders Powering Global Chemical Transformation

MARKET INSIGHTS

Global Propylene Oxide (PO) via Hydrogen Peroxide (HPPO) Process Market size was valued at USD 4.2 billion in 2025. The market is projected to grow from USD 4.5 billion in 2026 to USD 8.1 billion by 2034, exhibiting a CAGR of 7.6% during the forecast period.

Propylene Oxide (PO) produced via the Hydrogen Peroxide (HPPO) Process represents an advanced, environmentally sustainable route for manufacturing this critical chemical intermediate. In the HPPO process, propylene reacts directly with hydrogen peroxide in the presence of a titanium silicalite catalyst to yield propylene oxide and water as the primary byproduct. This method stands out for its high selectivity, reduced energy consumption, and minimal waste generation compared to traditional chlorohydrin or co‑product processes.

The segment is experiencing steady expansion driven by tightening environmental regulations and growing industry preference for greener production technologies. While the broader propylene oxide market benefits from strong demand in polyurethane foams, propylene glycols, and glycol ethers for applications in construction, automotive, and consumer goods, the HPPO route gains particular traction because it eliminates chlorine use and significantly cuts wastewater and salt byproducts. Furthermore, major capacity additions in Asia Pacific and Europe increasingly favor HPPO technology, supporting both cost efficiency and corporate sustainability targets. However, the process requires access to reliable, cost‑effective hydrogen peroxide supply, which influences regional adoption patterns. Key industry participants continue to license and optimize HPPO technology, accelerating its share within overall PO production as new plants come online. Overall, the HPPO process aligns well with the chemical sector’s shift toward lower‑carbon manufacturing while meeting robust downstream demand for high‑purity propylene oxide.

Propylene Oxide (PO) via Hydrogen Peroxide (HPPO) Process Market – View in Detailed Research Report

Top 10 Companies in the Propylene Oxide (PO) via Hydrogen Peroxide (HPPO) Process Market

🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Integrated HPPO production with downstream polyurethane and propylene glycol manufacturing

BASF SE has been a pioneer in the HPPO technology, operating the world‑scale plant in Antwerp that demonstrates commercial viability at scale. The company’s vertical integration of propylene feedstock and hydrogen peroxide production gives it a competitive edge in cost and supply security.

Sustainability Initiatives:

• Reducing chlorine‑based waste by 90% through HPPO adoption
• Investing in renewable energy for plant operations
• Setting a target of 30% renewable energy use by 2030

9️⃣ 2. Dow Inc.

Headquarters: Midland, United States
Key Offering: Joint HPPO technology development with BASF and advanced catalyst licensing

Dow Inc. leverages its global chemical expertise to expand HPPO capacity, focusing on high‑purity PO for specialty chemicals and polymer additives.

Sustainability Initiatives:

• Zero‑liquid‑discharge goal by 2028
• Integration of on‑site hydrogen peroxide generation
• Collaboration with suppliers to reduce carbon footprint

8️⃣ 3. SKC Co., Ltd.

Headquarters: Ulsan, South Korea
Key Offering: First world‑scale HPPO plant and advanced catalytic processes

SKC Co., Ltd. pioneered the first world‑scale HPPO plant in 2008 and continues to lead in catalyst development, providing high‑efficiency production for the Asian market.

Sustainability Initiatives:

• Water‑recycling program reducing wastewater by 80%
• Investing in TS‑1 catalyst research for higher selectivity
• Community engagement on sustainable chemical manufacturing

7️⃣ 4. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Licensing of TS‑1 catalyst technology and high‑purity hydrogen peroxide supply

Evonik provides the critical TS‑1 zeolite catalyst and high‑purity hydrogen peroxide, enabling many operators to deploy HPPO technology efficiently.

Sustainability Initiatives:

• Carbon‑neutral production target by 2035
• Supporting downstream partners with sustainability data
• Research into greener hydrogen peroxide generation

6️⃣ 5. Zibo Qixiang Tengda Chemical Co., Ltd.

Headquarters: Zibo, China
Key Offering: Large‑scale HPPO facility using licensed Evonik‑thyssenkrupp technology

The Chinese producer has commissioned a 300 kt/y HPPO plant, meeting rising domestic demand for PO derivatives while aligning with national environmental goals.

Sustainability Initiatives:

• Zero‑liquid‑discharge certification
• Investment in on‑site hydrogen peroxide generation
• Partnerships with local universities for catalyst research

5️⃣ 6. MOL Group

Headquarters: Budapest, Hungary
Key Offering: Licensing of HPPO technology for European expansion

MOL Group is advancing HPPO projects in Central Europe, integrating with existing petrochemical infrastructure to reduce emissions.

Sustainability Initiatives:

• Targeting 25% CO₂ reduction by 2030
• Developing integrated hydrogen peroxide plants
• Engaging in circular economy initiatives

4️⃣ 7. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: HPPO technology licensing and high‑purity hydrogen peroxide supply

Solvay supports HPPO adoption across Europe, providing both technology and feedstock, and promoting sustainable downstream applications.

Sustainability Initiatives:

• Net‑zero emissions target by 2050
• Investment in renewable energy for plant operations
• Collaboration with partners to optimize catalyst life

3️⃣ 8. LyondellBasell

Headquarters: Rotterdam, Netherlands
Key Offering: Integration of HPPO technology within its global chemical portfolio

LyondellBasell is expanding HPPO capacity to meet the growing demand for polyether polyols used in polyurethane foams.

Sustainability Initiatives:

• Reducing overall waste by 40% by 2035
• Investing in advanced catalyst development
• Implementing circular economy practices across sites

2️⃣ 9. Sumitomo Chemical

Headquarters: Tokyo, Japan
Key Offering: HPPO technology licensing and downstream polymer production

Sumitomo Chemical is leveraging HPPO to enhance its polymer and specialty chemical segments, focusing on high‑purity PO for advanced materials.

Sustainability Initiatives:

• Targeting 30% renewable energy usage by 2030
• Developing low‑energy consumption processes
• Partnering with suppliers for sustainable feedstock sourcing

1️⃣ 10. Jishen Chemical Industry Co.

Headquarters: Shenzhen, China
Key Offering: Emerging HPPO operations with focus on local market supply

Jishen Chemical is scaling HPPO production to support the rapidly growing Chinese polyurethane and specialty chemical markets.

Sustainability Initiatives:

• Implementing zero‑liquid‑discharge processes
• Investing in on‑site hydrogen peroxide generation
• Engaging in community sustainability programs

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Outlook: The Future of Propylene Oxide (PO) via Hydrogen Peroxide (HPPO) Process Market

The HPPO segment is projected to register the fastest growth among propylene oxide production technologies, supported by downstream demand for polyether polyols and a broader industry transition toward greener chemical processes. Continued innovation in catalyst performance and integrated plant designs is expected to further strengthen the position of HPPO in the global market over the coming decade. Regulatory pressures and corporate sustainability targets will continue to drive adoption, while advancements in TS‑1 catalyst technology and on‑site hydrogen peroxide generation will reduce capital intensity and improve operational efficiency.

Future Trends Shaping the Market

• Accelerated adoption of HPPO technology driven by ESG and carbon‑neutral goals
• Expansion of integrated hydrogen peroxide generation to lower feedstock costs
• Growth of advanced catalytic processes with higher selectivity and lower energy consumption
• Strategic partnerships between chemical giants and catalyst specialists to accelerate deployment
• Increasing focus on circular economy principles in downstream polyurethane and specialty chemical applications