Press release
Propylene Glycol Market to reach USD 5.85 Bn by 2029, Technological Advancements and Growth Opportunities
Propylene Glycol Market
Propylene Glycol Market Report Scope and Research Methodology
Propylene glycol is a hygroscopic liquid, colorless, miscible with water and some organic solvents, and used as a moisturizer, preservative, solvent, and emollient. It is used in personal care products such as creams, lotions, serums, and shampoos. In addition, it is used in the manufacture of inks, adhesives, detergents, antifreeze, laminates, engine coolants, industrial solvents, chemical intermediates, unsaturated polyester resins, non-ionic detergents, paints, and coatings.
The report provides a comprehensive analysis of the global propylene glycol market, including its market size and forecast, drivers, restraints, market segments, and regional insights. The research methodology used in the report is also available upon request.
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Propylene Glycol Market Dynamics
One of the major drivers of the market growth is the significant increase in processed food consumption due to busy lifestyles, dietary changes, and an increased labor force. The growth of the construction and transportation industry has also led to an increase in demand for propylene glycol in a variety of industrial chemicals such as cutting fluids, automotive coolants, and hydraulics, and brake fluids. Furthermore, manufacturers in the industry are focusing on bio-based chemicals for the production of propylene glycol due to growing environmental problems.
The global propylene glycol market is segmented by source, application, and end-user industry. Petroleum-based Propylene Glycol is the dominating segment with more than 50 percent of the market share due to its increasing use in the transportation and construction industries. By application, unsaturated polyester resins are dominating the global propylene glycol market. The transportation segment is the dominating segment in the end-user industry, accounting for more than 35 percent of the share in the global market.
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Propylene Glycol Market Regional Insights
The Asia Pacific is the dominating region in the global propylene glycol market, holding more than 32 percent of the market share in 2021. This advantage can be traced back to the epidemic growth of the Indian and Chinese automotive, construction, F & B, and pharmaceutical industries.
Propylene Glycol Market Segmentation
By Source:
• Petroleum-based Propylene Glycol
• Bio-based Propylene Glycol
By Application:
• Unsaturated Polyester Resin
• Food, Pharmaceuticals & Cosmetics
• Antifreeze & Functional Fluid
• Liquid Detergents
• Plasticizers
• Others
By End User Industry:
• Transportation
• Building & Construction
• Pharmaceuticals & Cosmetics
• Food & Beverage
• Others
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Propylene Glycol Market Key Competitors include:
• Archer Daniels Midland Company
• BASF SE
• The DOW Chemical Company
• Global Bio-Chem Technology Group Co., Ltd.
• LyondellBasell Industries N.V.
• Huntsman Corporation
• SKC Co., Ltd.
• Royal Dutch Shell PLC.
• Remix International S.R.L.
• Dupont Tate & Lyle Bio Products Company, LLC
• Ineos Oxide
• Asahi Glass Co., Ltd.
• Adeka Corporation
• Manali Petrochemicals Limited
• Qingdao Shida Chemical Co., Ltd.
• Tongling Jintai Chemical Industrial Co., Ltd.
• Dongying Hi-tech Spring Chemical Industrial Co., Ltd.
• Shandong Depu Chemical Industry Science and Technology Co., Ltd
• Chaoyang Chemicals, Inc.
• Oleon Nv
• Golden Dyechem
• Haike Chemical Group
• Helm AG
• Oxide Belgium B.V.
• Arrow Chemical Group Corp.
• Trinternational, Inc.
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Table of Content for Propylene Glycol Market
Global Propylene Glycol Market: Research Methodology
Global Propylene Glycol Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Propylene Glycol Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Propylene Glycol Market Segmentation
Global Market, by Source (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End User Industry (2021-2029)
Regional Propylene Glycol Market (2021-2029)
Regional Market, by Source (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End User Industry (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Source, Application and End User Industry
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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