Propylene Glycol Market 2020: Industry Size & Share, Business Strategies, Growth Analysis | BASF SE, The DOW Chemical Company, LyondellBasell Industries Holdings B.V.

This report presents a comprehensive overview, market shares, and growth opportunities of the Propylene Glycol market by type, application, key manufacturers and key regions and countries. The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. Executives in marketing, strategic planning and new product development will find discussions in the reports pertinent and useful. Propylene Glycol market analysis report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Global propylene glycol market is expected to rise to an estimated value of USD 2,382.59 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the growing demand from Asia-Pacific region and eco-friendly production process.

Key Market Competitors:

Few of the major competitors currently working in the propylene glycol market are BASF SE, The DOW Chemical Company, LyondellBasell Industries Holdings B.V., Archer Daniels Midland Company, Huntsman Corporation, Global Bio-Chem Technology Group Company Limited, Dupont Tate & Lyle Bio Products, LLC, SKC Co., Ltd., Asahi Glass Limited, HELM AG, Chaoyang Chemicals, Inc., Temix International S.R.L., Qingdao Shida Chemical Co., Ltd., ADEKA CORPORATION, Royal Dutch Shell PLC., Golden Dyechem, TRInternational, Inc., Oleon NV, Shandong Depu Chemical Industry Science and Technology Co., Ltd and INEOS Oxide among others.

Market Definition: Global Propylene Glycol Market

Propylene glycol is a tasteless, colorless and an odorless liquid, which is also referred as PG with a chemical formula C?H?O?. It is highly soluble, has a high boiling point, less toxic and stable. It is mostly used in plasticizer, hydraulic fluids, electronic cigarettes, medication, processed foods, cosmetic products and many more applications.

Market Drivers:
o Eco-friendly production process; this factor can act as a driver for the market in the forecast period
o Growing demand from Asia-Pacific region will propel the growth of market in near future
o Huge demand of propylene glycol in varied applications; this factor will also drive the market in the forecast period

Market Restraints:
o Demand in switching to petroleum based; this factor will act as a restrain for the market
o High investment in research and development activities will also act as a restrain for the market

Global Propylene Glycol Market Segmentation:

By Source
o Petroleum-Based
o Bio-Based

By Application
o Antifreeze & Functional Fluids
o Unsaturated Polyester Resin
o Food, Pharmaceuticals & Cosmetics
o Plasticizers
o Liquid Detergents

By End-User
o Building & Construction
o Pharmaceuticals & Cosmetics
o Transportation
o Food & Beverage

Key Developments in the Market:

o In June 2019, Lyondell Chemical Company announced that they are planning to increase the prices of some of their propylene glycol products, in South and North America. The list of the products include propylene glycol USP/EP Grade (PG USP/EP), Di-Propylene Glycol Industrial Grade (DPGI), Tri-Propylene Glycol (TPG), Propylene Glycol Industrial Grade (PGI), Di-Propylene Glycol Fragrance Grade (DPGF) and Tri-Propylene Glycol Acrylate Grade (TPGA). This shows that the demand for propylene glycol is increasing, creating new avenues for the market to grow in near future.

o In December 2015, The Dow Chemical Company announced that they have started commercial operations at their new propylene production facility. The unit is a major production centre of propylene, which is located at Dow's Oyster Creek site in Freeport. Such new initiatives will help the company to grow in this market.

Table Of Contents: Global Propylene Glycol Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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Competitive Analysis: Global Propylene Glycol Market

Global Propylene Glycol Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Propylene Glycol Market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Questions Answered in This Report

What will the Global Propylene Glycol Market size be in 2025 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?

Key reason to Purchase the report

To describe and forecast the Global Propylene Glycol Market, in terms of value, by process, product type, and industry.
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Propylene Glycol Market growth
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various trocars across geographies.
To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market

Customization of the Report

The report includes the complete segmentation displayed above across all above mentioned countries
All products covered in the Global Propylene Glycol Market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization

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Key focus of the report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides five-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Opportunities in the Global Propylene Glycol Market report

1.Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.

2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.

3.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

Few of the salient objectives of global Propylene Glycol business report are; to study and analyze the global consumption (value & volume) by key regions/countries, type and application, history data, and forecast to 2025. To understand the structure of market by identifying its various sub segments and focus on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. It also analyzes the market with respect to individual growth trends, future prospects, and their contribution to the total market.

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