India Propylene Oxide Market to Grow with a CAGR of 4.16% through 2029
Growing demand
of propylene oxide from food and beverage industry is expected to drive the
India Propylene Oxide Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “India Propylene Oxide Market- By Region,
Competition, Forecast and Opportunities, 2019-2029”, the India
Propylene Oxide Market stood at USD 1.36 billion in 2023 and is anticipated to
grow with a CAGR of 4.16% in the forecast period, 2025-2029. Initiatives taken
by government based on propylene oxide has led to favorable market conditions
for the India Propylene Oxide Market. Several factors contribute to the growth
of various propylene oxide products.
The government's
ambitious vision to make India a robust USD 5 trillion economy has ignited a
laser-like focus on bolstering manufacturing competitiveness across various
industries, including the chemical and petrochemical sector. In line with this
objective, the government has taken proactive measures by declaring tariff and
duty exemptions, incentivizing, and encouraging the expansion and growth of the
chemical and petrochemical industry as a whole.
To further
promote and augment the production of propylene oxide, a crucial chemical
compound, the government has facilitated strategic technology license
agreements with renowned oil companies, such as Sumitomo Chemical. These
collaborative efforts aim to harness cutting-edge expertise and resources,
fostering innovation and enhancing the overall capabilities of the chemical and
petrochemical industry in India.
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market data Figures spread through XX Pages and an in-depth TOC on
"India Propylene Oxide Market”
The food and
beverage industry extensively utilizes propylene oxide in food processing. One
significant application is as a sterilization agent for food packaging
materials. Propylene oxide is used to sterilize packaging materials such as
cartons, plastic containers, and films, ensuring the safety and longevity of
food products. This demand is fueled by the growing emphasis on food safety and
the need to extend shelf life while preserving the nutritional value of
packaged foods.
Another driver
of propylene oxide demand in the food and beverage industry is its usage as a
food starch modifier. Propylene oxide is added to food starches to improve
their stability, texture, and resistance to moisture, thereby enhancing the
shelf life of various food products. This property is particularly valuable in
products like baked goods, sauces, and dressings, where maintaining freshness
and texture is crucial. Moreover, propylene oxide also plays a vital role in
inhibiting the growth of microorganisms in food products. Its antimicrobial
properties help prevent spoilage and ensure the safety of packaged foods. By
effectively controlling bacterial and fungal growth, propylene oxide helps
maintain the quality and integrity of food items throughout their shelf life.
Furthermore,
propylene oxide contributes to the development of innovative food products by
enabling the creation of unique textures and flavors. Its ability to modify
food starches allows for the production of smooth, creamy textures in desserts
and sauces, as well as improved mouthfeel in beverages. This versatility in
enhancing sensory attributes adds value to food and beverage products,
enhancing the overall consumer experience. In summary, propylene oxide plays a
crucial role in the food and beverage industry, serving as a sterilization
agent, food starch modifier, antimicrobial agent, and texture enhancer. Its
multifaceted benefits contribute to the safety, quality, and innovation of
various food products, meeting the demands of consumers and the industry's
focus on food safety and extended shelf life.
The India Propylene
Oxide Market is segmented into production process, end use industry,
application, regional distribution, and company
Based on its
application, the polyether polyols segment held the largest market share in the
forecast period. Polyether polyols are synthesized through the reaction of
epoxides with compounds that contain an active hydrogen atom. These polyols are
produced via the polycondensation reaction of multifunctional carboxylic acids
and polyhydroxy compounds, resulting in versatile and highly useful materials.
On the other
hand, glycol ethers, which are a group of solvent-based alkyl ethers of
ethylene glycol or propylene glycol, find widespread applications in paints and
cleaners due to their superior solvent properties and higher boiling points
compared to lower molecular weight ethers and alcohols. Lastly, propylene
glycol, a liquid alcohol, serves as a versatile solvent and is extensively used
in various industries including antifreeze, food, plastic, and perfume, owing
to its desirable properties and functionalities.
Based on region,
West India segment is expected to grow during the forecast period.
West India,
strategically located near major markets for PPO such as the automotive,
construction, and textile industries, enjoys the advantage of reduced
transportation costs and enhanced availability of PPO in these markets. The
government of India has shown unwavering support for the chemical industry as a
whole, with a particular focus on the PPO industry. This supportive environment
has successfully attracted significant investments to the PPO industry in West
India.
Furthermore,
West India boasts a rich pool of skilled manpower specifically tailored for the
PPO industry. This can be attributed to the presence of numerous reputable
educational institutions in the region, offering comprehensive courses in
chemical engineering and other related fields. The availability of such
well-trained professionals not only ensures the smooth operation of PPO
production but also contributes to the overall growth and development of the
industry in West India.
Major companies
operating in India Propylene Oxide Market are:
- Otto
Chemie Pvt. Ltd
- TCI
Chemicals
- Vizag
Chemical International
- Prasol
Chemicals Pvt. Ltd.
- H.
B. Chemicals
- India
Glycols Limited
- Manali
Petrochemicals Limited
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“Growing
application of propylene oxide in various end user industries are key drivers
of the propylene oxide market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of propylene oxide with every passing year are anticipated to
register an impressive growth to India Propylene Oxide Market in the forecast
period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“India Propylene Oxide Market By Production
Process (Chlorohydrin Process, Styrene Monomer Process,
Cumene based Process, Others), By End Use Industry (Building &
Construction, Food & Beverages, Automotive, Chemicals &
Pharmaceuticals, Packaging, Others), By Application (Polyether Glycol,
Polyether Polyols, Glycol Ethers, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”,
has evaluated the future growth potential of India Propylene Oxide Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Propylene Oxide Market.
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