Propylene Glycol Market 2023 : Insights, Production Analysis, Future Outlook, Key Players And Forecast To 2032 | Archer-Daniels-Midland Company, BASF SE, The DOW Chemical Company, Bio-Chem Technology Group Co. Ltd., LyondellBasell Industries N.V

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Propylene Glycol Market Size, Growth Rate, And Forecast
The global propylene glycol market size is expected to grow from $4.20 billion in 2022 to $4.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The propylene glycol market is expected to grow to $5.64 billion in 2027 at a CAGR of 5.8%.

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Propylene Glycol Market Drivers:
An increase in the consumption of processed foods is expected to propel the growth of the propylene glycol market going forward. Processed food is defined as any food that has been altered during the preparation process. Propylene glycol is used in processed foods as it is used as a preservative, flavor enhancer, and processing aid to enhance the appearance of foods.

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Propylene Glycol Market Segments:
By Source: Petroleum-Based, Bio-Based
By Grade: Industrial Grade, Pharmaceutical Grade
By Application: Animal Feed, Inks, Lacquers, Tobacco Humectants, Varnishes
By End User: Building And Construction, Consumer Goods, Cosmetics and Personal Care, Electronics, Food And Beverages, Paint And Coatings, Pharmaceuticals, Textile Industries, Tobacco, Transportation
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Propylene Glycol Market.

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Propylene Glycol Market Key Players
Major competitors in the propylene glycol market include Archer-Daniels-Midland Company, BASF SE, The DOW Chemical Company, Bio-Chem Technology Group Co. Ltd., LyondellBasell Industries N.V., Huntsman Corporation, SKC CO. Ltd., INEOS Oxide.

The Business Research Company's "Global Propylene Glycol Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Propylene Glycol Market Include:
1. Executive Summary
2. Propylene Glycol Market Characteristics
3. Propylene Glycol Market Trends And Strategies
4. Propylene Glycol Market - Macro Economic Scenario
5. Propylene Glycol Market Size And Growth
……
26. Africa Propylene Glycol Market
27. Propylene Glycol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Propylene Glycol Market
29. Propylene Glycol Market Future Outlook and Potential Analysis
30. Appendix

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