Propylene Glycol Market:
Propylene Glycol Market size was valued at US$ 4.32 Bn. in 2023 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.
Propylene Glycol Market Overview:
The Propylene glycol is a sticky, stable, hygroscopic liquid made by hydrating propylene oxide. It is colorless, miscible with water and some organic solvents, and can dissolve in some resins, dyes, and essential oils. Propylene Glycol is used as a moisturizer, preservative, solvent, and emollient, it is used in a variety of personal care products such as creams, lotions, serums, and shampoos. It is also used in the manufacture of inks, adhesives, detergents, antifreeze, laminates, engine coolants, industrial solvents, chemical intermediates, unsaturated polyester resins, non-ionic detergents, paints, and coatings.
the Propylene Glycol Market research report published by Maximize Market Research (MMR), provides extensive and top-notch market studies, offering transparency in its findings. The report includes a list of major competitors, strategic insights, and an analysis of key factors shaping the ### industry. This market research encompasses a wide range of markets, marketing strategies, trends, future product possibilities, and burgeoning opportunities, all contributing to the generation of comprehensive market reports.
Dynamics:
Many processed foods contain propylene glycol to enhance their texture, flavor, shelf life, and appearance. Some of the key factors driving market expansion include significant increases in processed food consumption brought on by busy lives, dietary changes, and an increase in the work force. But as the building and transportation sectors have expanded, there is now a greater need for propylene glycol in a range of industrial chemicals, including cutting fluids, automotive coolants, hydraulic fluid, and brake fluid. It aids in the market expansion and is employed as an active ingredient solubilizer. Due to expanding environmental issues, which serve as additional growth element, industry manufacturers are concentrating on bio-based chemicals for the production of propylene glycol. Additionally, the frequency
Propylene Glycol Market Report Scope and Research Methodology:
The Propylene Glycol Market report aims to forecast market size by considering segments, regional distribution, and industry competition. The report estimates and forecasts market size and growth using a bottom-up approach. It conducts a comprehensive examination of key players in the ### industry, including revenue figures. The report insights into the global, regional, and local level analysis of the Propylene Glycol Market, highlighting the factors that restrain, drive, and challenge market growth throughout the forecast period.
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Propylene Glycol Market Regional Insights:
North America is expected to lead the global Propylene Glycol Market and is expected to continue its dominance during the forecast period. Europe holds a second position in the Propylene Glycol Market, accounting for a substantial revenue share in 2022. Asia-Pacific region expected significant growth in the Propylene Glycol Market.
Propylene Glycol Market Segmentation:
From Source, The category that dominates the worldwide propylene glycol market is that made from petroleum. Propylene glycol derived from petroleum owned more than 50% of the market share, and due to its rising application in the construction and transportation sectors, it is anticipated to dominate the global market during the coming years. Propylene, a mechanical fluid and lubricant made from petroleum, is widely used in cars and other forms of transportation, but there aren’t enough petrochemical and petroleum producers to meet the world’s demand.
Propylene Glycol Market Key Players:
1. Archer Daniels Midland Company
2. BASF SE
3. The DOW Chemical Company
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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Propylene Glycol Market are:
- What is the expected Propylene Glycol Market size by 2029?
- What is the growth rate of the Propylene Glycol Market?
- Which are the factors expected to drive the Propylene Glycol Market growth?
- Which segment dominated the Propylene Glycol Market growth?
- Which region held the largest share in the Propylene Glycol Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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