Propylene Glycol Market 2023 - Growth Factors, Business Developments, Industry Segmentation,Top Manufacturers, Future Technologies And Outlook By 2032

The Business Research Company's propylene glycol market research report 2023 identifies increasing investments in EHS and sustainability software as the major driver for the Propylene Glycol Market's growth in the forecast period. 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.
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%.

Download Free Sample Of Propylene Glycol Market Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8303&type=smp

Major competitors in the Propylene Glycol Market Archer-Daniels-Midland Company, BASF SE, The DOW Chemical Company, Bio-Chem Technology Group Co. Ltd., LyondellBasell Industries N.V
A key trend in the Propylene Glycol Market includes Product innovation is a key trend gaining popularity in the propylene glycol market. Major companies operating in the propylene glycol market are developing innovative products to strengthen their position in the market. Bio-based propylene becomes increasingly important as health concerns increase. For instance, in March 2022, Evonik, a Germany-based chemical manufacturing company, launched its first renewable isophorone-based products by using renewable acetone for the CO2 footprint.

Read More On TheGlobal Propylene Glycol Market Report Here:
https://www.thebusinessresearchcompany.com/report/propylene-glycol-global-market-report

The Propylene Glycol Market is segmented -
• 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.

The Business Research Company's "Global Propylene Glycol Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Propylene Glycol Market Report Here:
https://www.thebusinessresearchcompany.com/Discount.aspx?id=8303&type=discount

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 Profiles28. Key Mergers And Acquisitions In The Propylene Glycol Market
29. Propylene Glycol Market Future Outlook and Potential Analysis
30. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Twitter:https://twitter.com/tbrc_info
Facebook:https://www.facebook.com/TheBusinessResearchCompany
YouTube:https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog:https://blog.tbrc.info/
Healthcare Blog:https://healthcareresearchreports.com/

WantTo Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultantsspecialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.