Propylene Glycol Market Share, Industry Growth Analysis, Revenue, Size, Report 2022-2027

The latest research study "Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" Offers a comprehensive analysis of the industry, which comprises insights on propylene glycol market share

Propylene glycol refers to a viscous, hygroscopic, colorless, and stable liquid manufactured through the hydration of propylene oxide. In terms of source, it can be segmented into petroleum-based and bio-based categories. These propylene glycol variants are miscible with water and multiple organic solvents and can dissolve in various resins, essential oils, and dyes. They are highly useful as a humectant, solvent, preservative, and emollient and form an essential ingredient in the production of cream, soaps, shampoos, inks, adhesives, cleaners, laminates, antifreeze, engine refrigerants, etc. Consequently, propylene glycol compounds find extensive applications across numerous sectors, such as transportation, building and construction, food and beverage, pharmaceuticals, cosmetics and personal care, etc.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Propylene Glycol Industry Trends and Drivers:

The growing construction and transportation industry and the increasing requirement for several industrial chemicals, including deicing fluids, automotive coolants, and hydraulic and brake fluids, are primarily driving the propylene glycol market. Besides this, the shifting preferences toward the product as a preservative to improve the texture, flavor, and shelf life of processed food products are acting as significant growth-inducing factors. In addition to this, the expanding pharmaceutical sector and the elevating need for an effective drug solubilizer are also positively influencing the global market. Moreover, the escalating environmental concerns and the inflating investments by the leading market players in research and development (R&D) activities to produce bio-based chemicals are further catalyzing the market growth. Apart from this, the rising demand for hand sanitizers and surface disinfectants, owing to the sudden spread of the Covid-19 pandemic, is expected to augment the propylene glycol market over the forecasted period.

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Propylene Glycol Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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. and The Dow Chemical Company (Dow Inc.)

The report has segmented the market on the basis of region, type, component, process and application.

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

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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