Propylene Glycol Market is expected to undergo a CAGR of 4.40% during the forecast period 2022 to 2029.
Market Analysis and Insights Propylene Glycol Market
Propylene glycol is a synthetic liquid material which is easily absorbs water. Propylene glycol is used to make polyester composites and used as a base for de-icing solutions. It is also used by the pharmaceutical, chemical and food industries as an antifreeze when leakage might lead to contact with the food product. The Food and Drug Administration (FDA) has classified it as an additive generally recognized as safe” for use in the food industry. It is used to maintain moisture in certain cosmetics, medicines or food products and absorb extra water. Propylene glycol is also used to make artificial fog or smoke which is used in theatrical productions and fire-fighting training.
Propylene glycol is a viscous compound and it is colourless liquid with odourless but possesses a faintly sweet taste. Polypropylene glycol is a main constituent in the manufacture of polymers. Propylene glycol are, 1,2-propanediol, methyl glycol, 1,2-dihydroxypropane and trimethyl glycol. Propylene glycol is, slightly syrupy liquid at room temperature. It may exist in air in the vapour form, although propylene glycol must be briskly shaken or heated to produce a vapour. Propylene glycol is practically tasteless and odourless.
Growing demand for Unsaturated Polyester Resins (UPR) to production of fiberglass reinforced plastics (FRP) and surface coatings due to their outstanding corrosion resistance properties in construction industry and the chemical tanks industry will drive the demand for propylene glycol during upcoming period. Furthermore, augmented utilization in paints and coatings, food, pharmaceuticals, combined with use in Aircraft de-icing fluid will create a surge in demand for propylene glycol and will increase valuable opportunities for the market's growth rate.
Propylene Glycol Market Scope
The propylene glycol market is segmented on the basis of source, grade and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
· Petroleum-Based Propylene Glycol
· Bio-Based Propylene Glycol
Grade
· Antifreeze and Functional Fluids
· Unsaturated Polyester Resin
· Food
· Pharmaceuticals and Cosmetics
· Plasticizers
· Liquid Detergents
End User
· Building and Construction
· Pharmaceuticals and Cosmetics
· Transportation
· Food and Beverages
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Propylene Glycol Market Country Level Analysis
The countries covered in the propylene glycol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Propylene Glycol Market Share Analysis
The Propylene Glycol Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Propylene Glycol Market.
Key Players Propylene Glycol Market
- Dow (US)
- LyondellBasell Industries N.V. (Netherlands)
- BASF SE (Germany)
- ADM (US)
- Global Bio-chem Technology Group Company Limited (China)
- DuPont Tate Lyle Bio Products (US)
- SKC (South Korea)
- Temix Oleo (Italy)
- INEOS Oxide (Switzerland)
- Huntsman International L.l..C (U.S.)
- ADEKA CORPORATION (Japan)
- Chaoyang Chemicals, Inc. (U.S.)
- Manali Petrochemicals Limited (India)
- Haike Chemical Group Co., Ltd. (China)
- Arch Chemicals Inc, (US)
- Repsol (Spain)
- Midland Company (US)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Propylene Glycol Market by Product Procedure type
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