Propylene Glycol Market size was valued at US$ 3.97 Bn. in 2020 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.
Propylene Glycol Market overview:
The primary goal of this study is to evaluate the degree of competition in the Propylene Glycol market. The MMR Propylene Glycol Market Industry Industry Research Report examines data and global trade in addition to market developments. It looks at the key market trends, limitations, openings, success factors, concerns, problems, and impediments for zinc diethyldithiocarbamate (ZDMC). After the market has been further divided into regions, forecasts are given for the important countries in North America, Europe, and the Asia Pacific (ROW). In order to maximize market research for this in-depth industry analysis of the Propylene Glycol sector, we used secondary sources like encyclopedias, directories, and databases to collect and process the data. Locating regional suppliers or subject-matter authorities might be
Market Scope:
The Propylene Glycol market is predicted to develop at a quicker rate during the forecast period 2021-2027. Supply and demand trends, costs, pricing, shares, volumes, sales, and gross margins are among the findings of Maximize Market Research (MMR). Each manufacturer’s manufacturing unit, capacity, production, factory price, market price, and market share are evaluated using MMR data.
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Segmentation:
By Source, Petroleum-based Propylene Glycol is the dominating segment in the global propylene glycol market. Petroleum-based propylene glycol held more than 50% of the market share and it is expected to lead the global market over a forecast period due to increasing use in the transportation and construction industries. Petroleum-based Propylene has wide usage in automobiles and transportation as a mechanical fluid and lubricant which has a limited petroleum and petrochemical producer to supply the global demand.
By Application, Unsaturated polyester resins are dominating the global Propylene Glycol Market and it is expected to grow with a CAGR of 3.7% during the forecast period, followed by antifreeze, functional liquids, and pharmaceuticals. The growing construction and construction industry, coupled with increased investment in infrastructure development in emerging markets, is driving the growth of the propylene glycol market in the use of unsaturated polyester resins.
By End-User Industry, Transportation is the dominating Segment in Global Propylene Glycol Market with more than 35% of share in the global market. Due to development in transportation and automobile industry and wide usage of polypropylene in deicing fluid, Coolant, Hydraulic and Brake Fluid which drives the growth of polypropylene glycol usage in the transportation segment. The Segment is expected to grow at a CAGR of 5.6% throughout the forecasted period.
Key Players:
- Archer Daniels Midland Company
• BASF SE
• The DOW Chemical Company
• Global Bio-Chem Technology Group Co., Ltd.
• LyondellBasell Industries N.V.
• Huntsman Corporation
• SKC Co., Ltd.
• Royal Dutch Shell PLC.
• Remix International S.R.L.
• Dupont Tate & Lyle Bio Products Company, LLC
• Ineos Oxide
• Asahi Glass Co., Ltd.
• Adeka Corporation
• Manali Petrochemicals Limited
• Qingdao Shida Chemical Co., Ltd.
• Tongling Jintai Chemical Industrial Co., Ltd.
• Dongying Hi-tech Spring Chemical Industrial Co., Ltd.
• Shandong Depu Chemical Industry Science and Technology Co., Ltd
• Chaoyang Chemicals, Inc.
• Oleon Nv
• Golden Dyechem
• Haike Chemical Group
• Helm AG
• Oxide Belgium B.V.
This MMR report contains comprehensive information on the Propylene Glycol market’s leading participants. Annual Corporate Revenue, Propylene Glycol Corporate Market Share, Corporate Business Strategy, Corporate SWOT Analysis, PESTEL Analysis, and Recent Corporate Development are all examples of corporate revenue.
Regional Analysis:
The MMR Propylene Glycol Market Report covers North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. MMR focuses on main market segments and sub segments, as well as key market sectors, in this Propylene Glycol market study. The MMR survey ranks innovative countries in district development based on market share, volume, and market size. Volume, area, income, the marketplace chain system, and trends are all indicators.
COVID-19 Impact Analysis on Propylene Glycol Market:
Between 2020 and 2021, the COVID-19 Rule had a significant impact on global, industry, and labour expectations. COVID-19 is a threat to society and level of living that requires quick industrial help and innovation. COVID-19 causes a slew of problems for Indian ex-pats. Millions of migrant workers have lost their jobs as a result of embargoes, food shortages, and fear about the future.
MMR research aims to improve understanding of the current economy, COVID-19, and its impact on the commercial market in general. In most industries, sectors, and disciplines, COVID-19 is followed by MMR. Maximize Market Research can assist you in determining the impact of COVID-19 on your industry.
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Key Questions Answered in the Propylene Glycol Market Report are:
- Which product segment grabbed the largest share in the Propylene Glycol market?
- What is the competitive scenario of the Propylene Glycol market?
- Which are the key factors aiding the Propylene Glycol market growth?
- Which region holds the maximum share in the Propylene Glycol market?
- What will be the CAGR of the Propylene Glycol Market during the forecast period?
- Which application segment emerged as the leading segment in the Propylene Glycol market?
- Which are the prominent players in the Propylene Glycol market?
- What key trends are likely to emerge in the Propylene Glycol market in the forecast period?
- What is the expected Propylene Glycol market size by 2027?
- Which company held the largest share in the Propylene Glycol market?
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