Propylene Glycol Market 2022 Share, Size, Growth, Trends and Forecast 2027

IMARC Group, a leading market research company, has recently releases report titled "Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The study provides a detailed analysis of the industry, including the global propylene glycol market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the propylene glycol market?

The global propylene glycol market is expected to exhibit a CAGR of 4.4% during 2022-2027.

What is propylene glycol?

Propylene glycol (PG) is a water-soluble, viscous, stable, hygroscopic, colorless, odorless and tasteless liquid substance. It is made by the hydration of propylene oxide, which can be dissolved in essential oils, dyes, and resins. It is used in the manufacturing of inks, adhesives, solvents, detergents, moisturizers, paints, and coatings around the world.

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What are the growth prospects and trends in the propylene glycol industry?

PG is employed in the food and beverage (FB) industry as a food additive and flavor and texture enhancer. This, in confluence with the increasing consumption of processed food products worldwide, represents one of the major factors bolstering the market growth. Moreover, PG is utilized in cosmetic and personal care products as a preservative for hydrating the skin, minimizing skin dryness, and achieving an even skin tone. Besides this, the rising utilization of PG in the automotive industry as an antifreeze that can withstand relatively high temperatures and is non-corrosive and toxic in diesel engines is creating a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?

The report covers the major market players including:

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.)

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