Press release
1,2-Propanediol Market Growing At A Cagr Of 3.7% During 2019-2025
Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and tobacco industries. It is also an excellent solvent and extractant. 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 35.73%.
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. The market of 1, 2-Propanediol is quite concentrated, with the top four companies take 53.93% of global market in 2015. Leading players in this industry are Dow, Lyondell Basell, Huntsman, INEOS, BASF, ADM, Sumitomo Chemical (Nihon Oxirane), SKC, etc, among which Dow dominate the market in North America and Europe with a market share of 31.44% and five global manufacturing facilities include Stade plant, one of the world’s largest capacity plants.
The global market of 1, 2-Propanediol has been faced with overcapacity for quite a few years, which is especially severe in China. The average capacity utilization rate in China can hardly reach 60% for the years. However, in the further, the market of 1, 2-Propanediol would be expected to be promising due to adjustment of industrial structure and surging demand in food and pharmaceutical areas.
The global 1,2-Propanediol market is valued at 3910 million US$ in 2018 is expected to reach 5220 million US$ by the end of 2025, growing at a CAGR of 3.7% during 2019-2025. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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This report focuses on 1,2-Propanediol volume and value at global level, regional level and company level. From a global perspective, this report represents overall 1,2-Propanediol market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
The following manufacturers are covered:
Dow
Lyondell Basell
Huntsman
INEOS
BASF
ADM
SKC
Repsol
Asahi Kasei
Shell
Segment by Regions
North America
Europe
China
Japan
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Segment by Type
Industrial Grade
Food Grade
Pharmaceutical Grade
Segment by Application
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
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