1,2-Propanediol Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

The global market for 1,2-Propanediol was estimated to be worth US$ 4488 million in 2023 and is forecast to a readjusted size of US$ 5805.2 million by 2030 with a CAGR of 3.7% during the forecast period 2024-2030.

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1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.

The primary outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are used in surface coatings and glass fiber-reinforced resins. The second-largest consumer is functional fluids such as deicing and antifreeze. 1, 2-Propanediol is also used in plasticizers and hydraulic brake fluids. Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and ¬tobacco industries. It is also an excellent solvent and extractant.

Global 1,2-Propanediol key players include Dow, Lyondell Basell, INEOS, BASF, ADM, etc. Global top five manufacturers hold a share over 60%.

EU is the largest market, with a share over 25%, followed by USA and China, both have a share over 35%.

In terms of product, Industrial Grade is the largest segment, with a share about 75%. And in terms of application, the largest application is Unsaturated Polyester Resins (UPR), followed by Cosmetics, Pharmaceutics and Food, etc.

By Type
• Industrial Grade
• Food Grade
• Pharmaceutical Grade

By Application
• Unsaturated Polyester Resins (UPR)
• Functional Fluids
• Cosmetics, Pharmaceutics and Food
• Liquid Detergents

Key Companies
DuPont, Lyondell Basell, Huntsman, INEOS, BASF, ADM, Sumitomo Chemical (Nihon Oxirane), SKC, Repsol, Asahi Kasei, Shell, Tongling Jintai Chemical, Shandong Shida Shenghua Chemical, CNOOC and Shell Petrochemicals, Hi-tech Spring Chemical, Daze Group, Shandong Depu Chemical

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This release was published on openPR.