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 Report Overview
The Propylene Glycol market report is a comprehensive analysis of the Propylene Glycol Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Propylene Glycol market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Propylene Glycol market.
Propylene Glycol Market Report Scope and Research Methodology
The report provides a detailed analysis of the Propylene Glycol market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Propylene Glycol market report.
Primary research involved interviews with key players in the Propylene Glycol industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Propylene Glycol market, as well as the opportunities and challenges facing the industry.
Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Propylene Glycol market, such as market size, trends, and regulations.
The report also includes a SWOT analysis of the Propylene Glycol industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.
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Propylene Glycol Market Dynamics
Propylene glycol is frequently used to enhance the flavor, texture, look, and shelf life of certain processed foods. Some of the main factors driving the market expansion include dietary changes, an increase in the labor force, and significantly higher consumption of processed foods as a result of busy lifestyles. Nonetheless, the expansion of the building and transportation sectors has resulted in a rise in the need for propylene glycol in a number of industrial chemicals, including hydraulic and brake fluids, cutting fluids, and vehicle coolants. It helps the market expand and is utilized as a solubilizer for active ingredients. Growing environmental issues are driving manufacturers in the sector to concentrate on bio-based chemicals for the production of propylene glycol.
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Propylene Glycol Market Regional Analysis
The report includes a detailed analysis of several key countries including Propylene Glycol market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
South America (Brazil)
The Middle East and Africa
Propylene Glycol Market Segmentation
by Source
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol
According to Source, In the global propylene glycol market, petroleum-based propylene glycol holds the leading position. Due to its growing use in the transportation and construction sectors, petroleum-based propylene glycol, which accounted for more than 50% of the market share, is anticipated to dominate the global market during the course of the projected period. Petroleum-based propylene is widely used as a mechanical fluid and lubricant in cars and other forms of transportation, but there aren’t enough producers of petroleum and petrochemicals to meet the world’s demand.
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
With more than 35% of the global market, the transportation end-user industry dominates the global propylene glycol market. The expansion of polypropylene glycol consumption in the transportation segment can be attributed to advancements in the vehicle and transportation industries, as well as the widespread use of polypropylene in deicing fluid, coolant, hydraulic, and brake fluid. Over the course of the projected period, the Segment is anticipated to increase at a CAGR of 5.6%.
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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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Key Questions answered in the Propylene Glycol Market Report are:
- What is Propylene Glycol ?
- What was the Propylene Glycol Market size in 2022?
- What will be the CAGR of the Propylene Glycol market during the forecast period?
- Which region held the largest Propylene Glycol market share in 2022?
- What are the opportunities for the Propylene Glycol Market?
- What are the factors driving the Propylene Glycol market growth?
- What factors are hampering the Propylene Glycol market growth?
- Which company held the largest share in the Propylene Glycol market?
- What key trends are likely to emerge in the Propylene Glycol market in the coming years?
- What growth strategies are the players considering to increase their presence in 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 | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- 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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