Press release
1,2-Propylene Glycol Market will reach 3820 million US$ in 2023
1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.
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Global 1,2-Propylene Glycol Market: Forecast by Type / Application / Region
1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 41.10%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America.
As a kind of petrochemical, the global average price of 1, 2-Propanediol fluctuates with the price of PO, the price of which is related to the price of propylene. There are also bio based PG which is mainly supplied by ADM.
The worldwide market for 1,2-Propylene Glycol is expected to grow at a CAGR of roughly 3.2% over the next five years, will reach 3820 million US$ in 2023, from 3170 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
Dow
Lyondell Basell
Huntsman
ADM
INEOS
BASF
Repsol
Sumitomo Chem
Asahi Kasei
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem
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Related Information:
United States 1,2-Propylene Glycol Market 2018 Forecast to 2023
Europe 1,2-Propylene Glycol Market 2018 Forecast to 2023
North America 1,2-Propylene Glycol Market 2018 Forecast to 2023
Asia-Pacific 1,2-Propylene Glycol Market 2018 Forecast to 2023
China 1,2-Propylene Glycol Market 2018 Forecast to 2023
EMEA 1,2-Propylene Glycol Market 2018 Forecast to 2023
Global 1,2-Propylene Glycol Market 2018 Forecast to 2023
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