Propylene Glycol Solvent Market Trends and Growth Opportunities in 2024: An In-Depth Analysis

LOS ANGELES, United States: The global Propylene Glycol Solvent market is expected to grow at a significant pace, reports QY Research. Its latest research report, titled "Global Propylene Glycol Solvent Market Research Report 2024". offers a unique point of view about the global market. Analysts believe that the changing consumption patterns are expected to have a great influence on the overall market. For a brief overview of the global Propylene Glycol Solvent market, the research report provides an executive summary. It explains the various factors that form an important element of the market. It includes the definition and the scope of the market with a detailed explanation of the market drivers, opportunities, restraints, and threats.

The global Propylene Glycol Solvent market was valued at US$ 3285 million in 2023 and is anticipated to reach US$ 3987 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.

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Key Players Mentioned in the Global Propylene Glycol Solvent Market Research Report: Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, Anhui Tongling Jintai, Shandong Shida Shenghua Chemical Co., Ltd., CNOOC Shell Petrochemical, Haike Xinyuan, Daze Chemical, Depp Technology, Ningbo Zhetie Dafeng Chemical Co., Ltd.

Market Segmentation

Global Propylene Glycol Solvent Market, Segment by Type:

Hydration

Transesterification

Biosynthesis

Global Propylene Glycol Solvent Market, Segment by Application:

Industrial Cleaning Fluid

Paint and Ink

Food Processing

Medical Field

Personal Care

Others

The main applications of Propylene Glycol Solvent span several sectors, including industrial cleaning fluids, paints and inks, food processing, the medical field, and personal care products. Among these, industrial cleaning fluid represents the largest segment, accounting for 38% of the total sales share. This is due to its effectiveness in breaking down and removing contaminants, grease, and other substances in industrial environments. The solvent's role in paint and ink manufacturing is also significant, as it helps improve consistency and performance, ensuring uniform application and durability in various formulations.

Looking forward, the demand for Propylene Glycol Solvent is expected to remain strong, particularly in industrial cleaning applications and personal care products, driven by its safety profile and effectiveness. As industries continue to seek versatile, safe, and environmentally friendly solvents, Propylene Glycol Solvent's market position will likely strengthen across multiple sectors. Its broad range of uses, coupled with growing environmental and safety concerns, makes it a key player in both industrial and consumer markets.

Propylene Glycol Solvent also plays a significant role in the food processing and medical sectors. In food processing, it is commonly used as a carrier for flavorings, colors, and emulsifiers due to its non-toxic nature and ability to mix well with other ingredients. This makes it an essential component in processed foods, beverages, and certain pharmaceutical formulations. In the medical field, Propylene Glycol Solvent is often used as a base in oral, injectable, and topical medications, as well as in creams and ointments. Its ability to dissolve active ingredients effectively while maintaining a stable composition ensures its widespread use in drug delivery systems.

The growing demand for high-quality solvents in these sensitive industries emphasizes the importance of Propylene Glycol Solvent's safety profile. As regulations around food safety and pharmaceutical formulations tighten, the non-toxic, non-irritating, and stable nature of Propylene Glycol Solvent makes it a preferred choice in these applications, further expanding its reach in the global market.

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Table of Content

1 Propylene Glycol Solvent Market Overview
1.1 Product Definition
1.2 Propylene Glycol Solvent by Type
1.2.1 Global Propylene Glycol Solvent Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Hydration
1.2.3 Transesterification
1.2.4 Biosynthesis
1.3 Propylene Glycol Solvent by Application
1.3.1 Global Propylene Glycol Solvent Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Industrial Cleaning Fluid
1.3.3 Paint and Ink
1.3.4 Food Processing
1.3.5 Medical Field
1.3.6 Personal Care
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Propylene Glycol Solvent Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Propylene Glycol Solvent Production Estimates and Forecasts (2019-2030)
1.4.4 Global Propylene Glycol Solvent Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Propylene Glycol Solvent Production Market Share by Manufacturers (2019-2024)
2.2 Global Propylene Glycol Solvent Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Propylene Glycol Solvent, Industry Ranking, 2022 VS 2023
2.4 Global Propylene Glycol Solvent Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Propylene Glycol Solvent Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Propylene Glycol Solvent, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Propylene Glycol Solvent, Product Offered and Application
2.8 Global Key Manufacturers of Propylene Glycol Solvent, Date of Enter into This Industry
2.9 Propylene Glycol Solvent Market Competitive Situation and Trends
2.9.1 Propylene Glycol Solvent Market Concentration Rate
2.9.2 Global 5 and 10 Largest Propylene Glycol Solvent Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Propylene Glycol Solvent Production by Region
3.1 Global Propylene Glycol Solvent Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Propylene Glycol Solvent Production Value by Region (2019-2030)
3.2.1 Global Propylene Glycol Solvent Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Propylene Glycol Solvent by Region (2025-2030)
3.3 Global Propylene Glycol Solvent Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Propylene Glycol Solvent Production by Region (2019-2030)
3.4.1 Global Propylene Glycol Solvent Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Propylene Glycol Solvent by Region (2025-2030)
3.5 Global Propylene Glycol Solvent Market Price Analysis by Region (2019-2024)
3.6 Global Propylene Glycol Solvent Production and Value, Year-over-Year Growth
3.6.1 North America Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)

4 Propylene Glycol Solvent Consumption by Region
4.1 Global Propylene Glycol Solvent Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Propylene Glycol Solvent Consumption by Region (2019-2030)
4.2.1 Global Propylene Glycol Solvent Consumption by Region (2019-2030)
4.2.2 Global Propylene Glycol Solvent Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Propylene Glycol Solvent Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Propylene Glycol Solvent Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Propylene Glycol Solvent Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Propylene Glycol Solvent Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Propylene Glycol Solvent Production by Type (2019-2030)
5.1.1 Global Propylene Glycol Solvent Production by Type (2019-2024)
5.1.2 Global Propylene Glycol Solvent Production by Type (2025-2030)
5.1.3 Global Propylene Glycol Solvent Production Market Share by Type (2019-2030)
5.2 Global Propylene Glycol Solvent Production Value by Type (2019-2030)
5.2.1 Global Propylene Glycol Solvent Production Value by Type (2019-2024)
5.2.2 Global Propylene Glycol Solvent Production Value by Type (2025-2030)
5.2.3 Global Propylene Glycol Solvent Production Value Market Share by Type (2019-2030)
5.3 Global Propylene Glycol Solvent Price by Type (2019-2030)

6 Segment by Application
6.1 Global Propylene Glycol Solvent Production by Application (2019-2030)
6.1.1 Global Propylene Glycol Solvent Production by Application (2019-2024)
6.1.2 Global Propylene Glycol Solvent Production by Application (2025-2030)
6.1.3 Global Propylene Glycol Solvent Production Market Share by Application (2019-2030)
6.2 Global Propylene Glycol Solvent Production Value by Application (2019-2030)
6.2.1 Global Propylene Glycol Solvent Production Value by Application (2019-2024)
6.2.2 Global Propylene Glycol Solvent Production Value by Application (2025-2030)
6.2.3 Global Propylene Glycol Solvent Production Value Market Share by Application (2019-2030)
6.3 Global Propylene Glycol Solvent Price by Application (2019-2030)

7 Key Companies Profiled
7.1 Dow
7.1.1 Dow Propylene Glycol Solvent Company Information
7.1.2 Dow Propylene Glycol Solvent Product Portfolio
7.1.3 Dow Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Dow Main Business and Markets Served
7.1.5 Dow Recent Developments/Updates
7.2 Lyondell Basell
7.2.1 Lyondell Basell Propylene Glycol Solvent Company Information
7.2.2 Lyondell Basell Propylene Glycol Solvent Product Portfolio
7.2.3 Lyondell Basell Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Lyondell Basell Main Business and Markets Served
7.2.5 Lyondell Basell Recent Developments/Updates
7.3 Indorama (Huntsman)
7.3.1 Indorama (Huntsman) Propylene Glycol Solvent Company Information
7.3.2 Indorama (Huntsman) Propylene Glycol Solvent Product Portfolio
7.3.3 Indorama (Huntsman) Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Indorama (Huntsman) Main Business and Markets Served
7.3.5 Indorama (Huntsman) Recent Developments/Updates
7.4 ADM
7.4.1 ADM Propylene Glycol Solvent Company Information
7.4.2 ADM Propylene Glycol Solvent Product Portfolio
7.4.3 ADM Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ADM Main Business and Markets Served
7.4.5 ADM Recent Developments/Updates
7.5 INEOS
7.5.1 INEOS Propylene Glycol Solvent Company Information
7.5.2 INEOS Propylene Glycol Solvent Product Portfolio
7.5.3 INEOS Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.5.4 INEOS Main Business and Markets Served
7.5.5 INEOS Recent Developments/Updates
7.6 BASF
7.6.1 BASF Propylene Glycol Solvent Company Information
7.6.2 BASF Propylene Glycol Solvent Product Portfolio
7.6.3 BASF Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.6.4 BASF Main Business and Markets Served
7.6.5 BASF Recent Developments/Updates
7.7 Repsol
7.7.1 Repsol Propylene Glycol Solvent Company Information
7.7.2 Repsol Propylene Glycol Solvent Product Portfolio
7.7.3 Repsol Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Repsol Main Business and Markets Served
7.7.5 Repsol Recent Developments/Updates
7.8 SKC
7.8.1 SKC Propylene Glycol Solvent Company Information
7.8.2 SKC Propylene Glycol Solvent Product Portfolio
7.8.3 SKC Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.8.4 SKC Main Business and Markets Served
7.8.5 SKC Recent Developments/Updates
7.9 Shell
7.9.1 Shell Propylene Glycol Solvent Company Information
7.9.2 Shell Propylene Glycol Solvent Product Portfolio
7.9.3 Shell Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shell Main Business and Markets Served
7.9.5 Shell Recent Developments/Updates
7.10 Anhui Tongling Jintai
7.10.1 Anhui Tongling Jintai Propylene Glycol Solvent Company Information
7.10.2 Anhui Tongling Jintai Propylene Glycol Solvent Product Portfolio
7.10.3 Anhui Tongling Jintai Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Anhui Tongling Jintai Main Business and Markets Served
7.10.5 Anhui Tongling Jintai Recent Developments/Updates
7.11 Shandong Shida Shenghua Chemical Co., Ltd.
7.11.1 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol Solvent Company Information
7.11.2 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol Solvent Product Portfolio
7.11.3 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Shandong Shida Shenghua Chemical Co., Ltd. Main Business and Markets Served
7.11.5 Shandong Shida Shenghua Chemical Co., Ltd. Recent Developments/Updates
7.12 CNOOC Shell Petrochemical
7.12.1 CNOOC Shell Petrochemical Propylene Glycol Solvent Company Information
7.12.2 CNOOC Shell Petrochemical Propylene Glycol Solvent Product Portfolio
7.12.3 CNOOC Shell Petrochemical Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.12.4 CNOOC Shell Petrochemical Main Business and Markets Served
7.12.5 CNOOC Shell Petrochemical Recent Developments/Updates
7.13 Haike Xinyuan
7.13.1 Haike Xinyuan Propylene Glycol Solvent Company Information
7.13.2 Haike Xinyuan Propylene Glycol Solvent Product Portfolio
7.13.3 Haike Xinyuan Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Haike Xinyuan Main Business and Markets Served
7.13.5 Haike Xinyuan Recent Developments/Updates
7.14 Daze Chemical
7.14.1 Daze Chemical Propylene Glycol Solvent Company Information
7.14.2 Daze Chemical Propylene Glycol Solvent Product Portfolio
7.14.3 Daze Chemical Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Daze Chemical Main Business and Markets Served
7.14.5 Daze Chemical Recent Developments/Updates
7.15 Depp Technology
7.15.1 Depp Technology Propylene Glycol Solvent Company Information
7.15.2 Depp Technology Propylene Glycol Solvent Product Portfolio
7.15.3 Depp Technology Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Depp Technology Main Business and Markets Served
7.15.5 Depp Technology Recent Developments/Updates
7.16 Ningbo Zhetie Dafeng Chemical Co., Ltd.
7.16.1 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol Solvent Company Information
7.16.2 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol Solvent Product Portfolio
7.16.3 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Ningbo Zhetie Dafeng Chemical Co., Ltd. Main Business and Markets Served
7.16.5 Ningbo Zhetie Dafeng Chemical Co., Ltd. Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Propylene Glycol Solvent Industry Chain Analysis
8.2 Propylene Glycol Solvent Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Propylene Glycol Solvent Production Mode & Process
8.4 Propylene Glycol Solvent Sales and Marketing
8.4.1 Propylene Glycol Solvent Sales Channels
8.4.2 Propylene Glycol Solvent Distributors
8.5 Propylene Glycol Solvent Customers

9 Propylene Glycol Solvent Market Dynamics
9.1 Propylene Glycol Solvent Industry Trends
9.2 Propylene Glycol Solvent Market Drivers
9.3 Propylene Glycol Solvent Market Challenges
9.4 Propylene Glycol Solvent Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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