Propylene Glycol Market size was valued at US$ 4.32 Bn. in 2022 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.
Propylene Glycol Market Overview:
Maximize Market Research (MMR) has recently released a Propylene Glycol Market research report, offering comprehensive and high-quality market studies with complete transparency. This report also presents a list of major competitors, along with strategic insights and analysis of key factors impacting the Propylene Glycol Market industry. Propylene Glycol Market research takes into account market players, marketing strategies, trends, future product developments, and emerging opportunities to generate insightful market reports.
Propylene Glycol Market Report Scope and Research Methodology:
The Propylene Glycol Market report’s primary objective is to examine the major key drivers and restraints influencing key companies, coupled with a detailed assessment of the current competitive benchmarking and development prospects. Alongside this analysis, the report thoroughly examines Propylene Glycol Market trends and future insights, encompassing aspects related to the demand chain, supply chain, and sales, along with recent market changes. The report includes profiles of key market players in the Propylene Glycol Market for a comprehensive competitive analysis, offering insights into company overview, financial performance, product portfolio, and strategies. Employing a blend of quantitative and qualitative research methods, the research features SWOT and PESTLE analysis.
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Propylene Glycol Market Dynamics:
Propylene glycol is widely used to improve the texture, taste, appearance, and shelf life of various processed foods. Significant increases in processed food consumption due to busy lifestyles, dietary changes, and increased labor force are some of the major drivers of market growth. However, the growth of the construction and transportation industry has led to an increase in demand for propylene glycol in a variety of industrial chemicals such as cutting fluids, automotive coolants, and hydraulics, and brake fluids. It is used as an active ingredient solubilizer and contributes to the growth of the market. Manufacturers in the industry are focusing on bio-based chemicals for the production of propylene glycol due to growing environmental problems that act as another growth factor. In addition, the prevalence of coronavirus disease (COVID19) has increased the need for propylene glycol in the production of hand sanitizers and surface disinfectants.
Propylene Glycol Market Regional Insights:
The Asia-Pacific region dominated the Propylene Glycol Market in 2022, accounting for the highest market share, approximately 48% of the total. It is expected to continue leading in revenue until 2029. Meanwhile, Europe is projected to experience the highest CAGR during the forecast period. The research further examines North America and South America and MEA regions.
Propylene Glycol Market Segmentation:
by Source
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol
by Application
Unsaturated Polyester Resin
Food, Pharmaceuticals & Cosmetics
Antifreeze & Functional Fluid
Liquid Detergents
Plasticizers
Others
by End User
Industry Transportation
Building & Construction
Pharmaceuticals & Cosmetics
Food & Beverage
Others
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Propylene Glycol Market Key Players:
4. Global Bio-Chem Technology Group Co., Ltd.
5. LyondellBasell Industries N.V.
6. Huntsman Corporation
7. SKC Co., Ltd.
8. Royal Dutch Shell PLC.
9. Remix International S.R.L.
10.Dupont Tate & Lyle Bio Products Company, LLC
11.Ineos Oxide
12.Asahi Glass Co., Ltd.
13.Adeka Corporation
14.Manali Petrochemicals Limited
15.Qingdao Shida Chemical Co., Ltd.
16.Tongling Jintai Chemical Industrial Co., Ltd.
17.Dongying Hi-tech Spring Chemical Industrial Co., Ltd.
18.Shandong Depu Chemical Industry Science and Technology Co., Ltd
19.Chaoyang Chemicals, Inc.
20.Oleon Nv
21.Golden Dyechem
22.Haike Chemical Group
23.Helm AG
24.Oxide Belgium B.V.
25.Arrow Chemical Group Corp.
26.Trinternational, Inc.
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Key questions answered in Propylene Glycol Market are:
Key Offerings:
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