Monopropylene Glycol Market To Grow at 5.1% of CAGR by 2026 | Royal Dutch Shell PLC, The Dow Chemical Company, Airedale Chemical.

The Monopropylene Glycol market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020, to 2026. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Monopropylene Glycol industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.

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Companies considered and profiled in this market study

Royal Dutch Shell PLC, The Dow Chemical Company, Airedale Chemical, The Archer Daniels Midland Company, LyondellBasell Industries N.V., Huntsman Corporation, DuPont Tate & Lyle Bio Products Company, LLC, Chemtex Speciality Limited, Solventis Ltd, and Banner Chemicals Limited.

Scope of the Report:

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Monopropylene Glycol market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.

Asia Pacific region is forecasted to grow fastest with the growth highest rate of 5.9% in the period 2019 - 2027, owing to high market penetration in cosmetics & personal care products coupled with the extensive demand for MPG coolant in industrial heat sink and internal combustion engine especially in regions like India and China.

For the purpose of this report, Reports and Data have segmented the global monopropylene glycol market on the basis of the end-use, sales channel, source, applications, and region:

End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2016-2027)
Direct Solvent
Chemical Intermediate
Chemical Reagents
Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Million Tons; 2016-2027)
Online Retailing
Offline Retailing

Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2016-2027)
Propylene Oxide
Glycerol

Applications Outlook (Revenue: USD Billion; Volume: Million Tons; 2016-2027)
Consumer Goods
Paints & Coatings
Industrial Use
Foods & Pharmaceuticals
Others

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Further key findings from the report suggest

Monopropylene glycol is a very safe chemical compound and suitable to be used as a direct solvent in various chemical formulations. Non-ionic detergents, anti-freezing agents, deicers, humectant food additive, and moisturizing agents, to name a few, are some of its end-use applications. The direct solvent is forecasted to reach a market share of 52.6% by 2027 growing with a rate of 5.5% during the period 2019 - 2027.

Chemical intermediate segment is measured to gain a market revenue of USD 0.52 Billion by 2027 and the CAGR is forecasted to be 5.9% in the forecast period. Monopropylene glycol is utilized as a chemical intermediate in the manufacture of high-performance unsaturated polyester resins for making the bathtubs, water or chemical tank, and others.

The most common source is the Propylene Oxide (PO) and the usual process of manufacturing is the non-catalytic hydrolysis of propylene oxide in a high-temperature and a high-pressure environment. The catalytic process involves the ion exchange resin or a small amount of presence of sulfuric acid or alkali. The bio-based processing from glycerol source require higher initial investment for an extensive refining process of the bio-diesel by-product.

Growing penetration of the online retailing businesses for the chemicals and materials especially in the emerging nations in Asia Pacific is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2027.

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This release was published on openPR.