1,2-Propandiol Market share, Market trends, and forecasts from 2024 to 2031.

Market Overview and Report Coverage

1,2-Propandiol, also known as propylene glycol, is a colorless, odorless liquid with a variety of industrial applications. It is commonly used as a solvent, food additive, and in the production of plastics and cosmetics. The global 1,2-Propandiol market is expected to grow at a compound annual growth rate (CAGR) of 0.80% during the forecasted period.
The current outlook for the 1,2-Propandiol market is positive, driven by increasing demand from end-use industries such as pharmaceuticals, food and beverage, and personal care. The growth of the global cosmetics industry and the rising demand for natural and organic products are expected to further drive the demand for 1,2-Propandiol in the coming years.
Additionally, the growing awareness about the harmful effects of traditional chemical ingredients in consumer products is expected to boost the demand for 1,2-Propandiol as a safer alternative. The increasing adoption of sustainable and eco-friendly products is also anticipated to drive the market growth.
Overall, the future of the 1,2-Propandiol market looks promising, with opportunities for manufacturers to innovate and expand their product offerings to meet the evolving needs of consumers and industries.

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Market Segmentation
The 1,2-Propandiol Market Analysis by types is segmented into:
• Industrial Grade
• Food & Pharma Grade

1,2-Propandiol is widely used in various industries and comes in different grades such as Industrial Grade and Food & Pharma Grade. Industrial Grade is primarily used in manufacturing processes like antifreeze, deicing solutions, and functional fluids. On the other hand, Food & Pharma Grade is utilized in the production of food, beverages, pharmaceuticals, and cosmetics. Both grades have specific purity levels and quality standards tailored to their intended applications, ensuring they meet the required regulations and safety standards in their respective industries.

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The 1,2-Propandiol Market Industry Research by Application is segmented into:
• Unsaturated Polyester Resins (UPR)
• Functional Fluids
• Cosmetics, Pharmaceutics and Food
• Liquid Detergents
• Others

1,2-Propandiol is widely used in the production of Unsaturated Polyester Resins (UPR) due to its excellent solvency properties. It is also utilized in Functional Fluids as a solvent or stabilizer. In Cosmetics and Pharmaceutics, it is used as a humectant and solvent. In the food industry, it is utilized as a food additive. Additionally, 1,2-Propandiol is found in Liquid Detergents due to its solubility and surfactant properties. It is also used in various other industries for its versatile applications.

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In terms of Region, the 1,2-Propandiol Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global 1,2-Propandiol market?
Some emerging trends in the global 1,2-Propandiol market include the increasing demand for eco-friendly and sustainable products, leading to a rise in the adoption of bio-based 1,2-Propandiol. The growing use of 1,2-Propandiol in various applications such as cosmetics, pharmaceuticals, and food & beverage industries is also driving market growth. Additionally, the shift towards using 1,2-Propandiol as a solvent in industrial applications is expected to further boost market expansion. With increasing research and development activities focused on improving product quality and efficiency, the global 1,2-Propandiol market is expected to witness significant growth in the coming years.

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Major Market Players
Dow Chemical Company is a leading player in the 1,2-Propandiol market with a strong global presence. The company has a rich history dating back to 1897 and has grown into a diversified chemical company with a focus on innovation and sustainability. Dow has a strong market share in the 1,2-Propandiol market due to its high-quality products and reliable supply chain.
Lyondell Basell is another key player in the 1,2-Propandiol market, known for its innovative solutions and commitment to sustainability. The company has a strong global presence and a wide range of products in the chemicals and polymers industry. Lyondell Basell has been experiencing steady market growth, thanks to its focus on research and development and expanding its product portfolio.
ADM (Archer Daniels Midland Company) is a major player in the 1,2-Propandiol market, with a strong presence in the global food and beverage industry. The company has a diverse portfolio of products, including bio-based chemicals, and has been investing in sustainable technologies to drive market growth. ADM has been experiencing strong sales revenue growth in recent years, thanks to its strategic partnerships and innovative solutions in the chemical industry.
INEOS is a leading global chemicals company with a strong presence in the 1,2-Propandiol market. The company has a track record of successful acquisitions and investments in the chemicals industry, driving its market size and sales revenue. INEOS is known for its focus on sustainability and innovation, making it a key player in the competitive 1,2-Propandiol market.

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