With appreciable revival in demand from the downstream segments, local Propylene Oxide (PO) producers were observed increasing their operating rates in quarter ending September. Tightened supply in the global market directly affected the market fundamentals of Propylene Oxide in Europe leading to low inventory levels amidst substantial demand for the downstream Polyols. Although offtakes from the downstream Mono-propylene Glycol (MPG) and Polyethylene Glycol (PEG) segments remained low but it laid a minute impact on the overall supply fundamentals which are already rallying upwards on strong Polyol demand.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Propylene Oxide are analyzed and region-wise demand pattern is tracked.
Propylene Oxide (PO) is colorless, reactive compound belonging to the epoxide product family. PO is primarily utilized in manufacturing of polypropylene glycol and polyether polyols. In addition, the product is also used to produce glycol ethers and dipropylene glycol along with the manufacturing of surfactants, lubricants and oil demulsifiers. Propylene Oxide was traditionally produced by the epoxidation and chlorohydrin routes. Nowadays, advanced technologies based on Cumene Hydroperoxide and Hydrogen Peroxide routes are now being commercialized. Despite of its high production cost and need of heavy effluent treatment system, majority of the plants are still operating under chlorohydrin process. Presently, companies are focusing to develop new production technologies that prevent the release of co-products which require extensive treatment in line with a new cumene hydro peroxidation technology. Furthermore, various companies are innovating technologies to utilize Hydrogen Peroxide for producing Propylene Oxide.