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Dipropylene Glycol Market worth $7.41 billion by 2030, growing at a CAGR of 8.19% - Exclusive Report by 360iResearch
Dipropylene Glycol Market | 360iResearch
The Global Dipropylene Glycol Market to grow from USD 4.26 billion in 2023 to USD 7.41 billion by 2030, at a CAGR of 8.19%.
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Dipropylene glycol (DPG) is a versatile, colorless, hygroscopic liquid with low toxicity and vapor pressure. It is a propylene glycol derivative used in various industries, such as pharmaceuticals, cosmetics, personal care products, industrial solvents, and chemical intermediates. DPG functions primarily as a solvent, humectant, plasticizer, or coupling agent in multiple applications. The global demand for dipropylene glycol is driven by several factors, such as higher demand for cosmetics & personal care goods, expanding construction activities resulting in increased consumption of paints & coatings, and rising environmental concerns driving the adoption of non-toxic chemicals. In addition, strict regulations on volatile organic compounds emissions improve the preference for low-VOC materials such as DPG. Despite substantial growth factors influencing the dipropylene glycol market, specific challenges may hinder its progress. Fluctuations in raw material prices, adverse health impacts, and availability of alternative compounds may inhibit dipropylene glycol production and subsequently impact the market growth. The surging focus of manufacturers on developing bio-based or renewable source-derived dipropylene glycols, optimizing formulations with improved performance attributes, and identifying novel applications across various industries to unlock untapped market potential could ensure sustainable business growth in the dipropylene glycol market in the forecast period.
The United States covers the largest market share of the DPG market in the Americas due to its strong cosmetics and personal care sector. With a growing focus on sustainability and bio-based DPG production, major manufacturers such as Dow Chemical Company and LyondellBasell Industries are investing in research for developing environmentally friendly alternatives. In Canada, companies, including BASF SE, are expanding their portfolio with innovative products that comply with stringent regulations while meeting customer demands. The European Union nations and the UK have a significant presence of DPG manufacturers or providers adhering to comprehensive regulatory frameworks like Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH). These regulations promote sustainable practices in manufacturing processes without compromising product quality. With the EU's ambitious Green Deal plan targeting carbon neutrality by 2050, manufacturers focus on innovation through collaboration with research institutes for more sustainable solutions. On the other hand, the Middle East & Africa region offers promising growth opportunities for DPG manufacturers or providers due to rapid urbanization and industrialization. Asia-Pacific (APAC) countries such as China, Japan, and India hold immense potential for DPG manufacturers or providers due to their strong manufacturing infrastructure and rapidly expanding end-use industries. Manufacturers in the APAC region are adopting innovative techniques to enhance production efficiency and reduce environmental impacts.
Market Segmentation & Coverage:
This research report categorizes the Dipropylene Glycol Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Fragrance Grade and Industrial Grade. The Industrial Grade is projected to witness significant market share during forecast period.
Based on Application, market is studied across Additive, Alkyd Resin, Cosmetic & Fragrance, Plasticizer, Polyurethane Polyols, and Unsaturated Polyester Resins. The Unsaturated Polyester Resins is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Dipropylene Glycol Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Dipropylene Glycol Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Dipropylene Glycol Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Ataman Kimya A.S, BASF SE, Biosynth Ltd., Clariant AG, Eastman Chemical Company, Evonik Industries AG, Haihang Industry Co.,Ltd, Henan Haofei Chemical Co.,Ltd., Ineos Group, Longchang chemical Co., Ltd., LyondellBasell Industries Holdings B.V., Manali Petrochemical Ltd., Manas Petro Chem, Merck KGaA, Meru Chem Pvt. Ltd., Mitsubishi Chemical Corporation, Mudanjiang Fengda Chemicals Co., Ltd, Nabhi Chemicals, Nanjing Huaxi Chemical, Otto Chemie Pvt. Ltd., Purnima Enterprise, Qinmu fine chemical Co.,Ltd., Royal Dutch Shell PLC, SABIC, Shell PLC, Shkams, Sumitomo Chemical Co., Ltd., The Dow Chemical Company, VedaOils Private Limited, and Zhejiang Polymer Chemical Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Dipropylene Glycol Market, by Type
7. Dipropylene Glycol Market, by Application
8. Americas Dipropylene Glycol Market
9. Asia-Pacific Dipropylene Glycol Market
10. Europe, Middle East & Africa Dipropylene Glycol Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Dipropylene Glycol Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Dipropylene Glycol Market?
3. What is the competitive strategic window for opportunities in the Dipropylene Glycol Market?
4. What are the technology trends and regulatory frameworks in the Dipropylene Glycol Market?
5. What is the market share of the leading vendors in the Dipropylene Glycol Market?
6. What modes and strategic moves are considered suitable for entering the Dipropylene Glycol Market?
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Product Name - Dipropylene Glycol
HS Code - 29094900
Molecular Weight - 134.173 g/mol
Chemical Formula - C6H14O3
Synonyms - 25265-71-8, 4-Oxa-2,6-hexandiol, 4-Oxa-1,6-hexandiol, 1,1′-Oxybis(1-propanol), 1,1-Oxybis(2-propanol)
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan,…
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