Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

According to the latest report by IMARC Group, titled “Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global propylene glycol market grew at a CAGR of around 5% during 2014-2019. Propylene glycol (C3H8O2) refers to a viscous, stable, and hygroscopic liquid manufactured by the hydration of propylene oxide. It is colorless, miscible with water and various organic solvents, and dissolvable in resins, dyes, and essential oils. Propylene glycol is used in several personal care products as a humectant, preservative, solvent, and emollient. The product is also utilized in the production of inks, adhesives, cleaners, anti-freeze agents, laminates, engine coolants, unsaturated polyester resins (UPR), non-ionic detergents, paints, coatings, etc.

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Propylene glycol is widely used to enhance the texture, flavor, appearance, and shelf life of several processed food products. The growing demand for processed food items based on the hectic consumer work schedules and on-the-go food consumption trends is augmenting the utilization of propylene glycol in the food processing industry. Additionally, the expanding construction and transportation industries have further increased the use of propylene glycol in manufacturing various chemicals, such as deicing fluids, automotive coolants, hydraulic & brake fluids, etc. The growing product adoption in the pharmaceutical sector, as a drug solubilizer, also contributes to market growth. Additionally, the sudden outbreak of COVID-19, a highly-infectious respiratory disease, has increased the demand for propylene glycol for producing hand sanitizers and surface disinfectants. Looking forward, IMARC Group expects the global propylene glycol market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global propylene glycol market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, source, application and end use industry.

Breakup by Source:

• Petroleum-based
• Bio-based

Breakup by Application:

• Unsaturated Polyester Resins
• Antifreeze and Functional Fluids
• Food, Drug, and Cosmetics
• Liquid Detergent
• Paints and Coatings
• Others

Breakup by End Use Industry:

• Transportation
• Building and Construction
• Food and Beverage
• Pharmaceuticals
• Cosmetics and Personal Care
• Others

Breakup by Region:

• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Competitive Landscape Key Player:

• Archer-Daniels-Midland Company
• BASF SE
• Dupont
• Tate & Lyle Bio Products Company LLC
• Global Bio-chem Technology Group Company Limited
• Huntsman Corporation
• Ineos Chemicals
• LyondellBasell Industries N.V.
• SHELL Petroleum N.V. (Royal Dutch Shell)
• SK Chemicals Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• The Dow Chemical Company (Dow Inc.)

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/propylene-glycol-technical-material-market-report-2

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