The global market report on propylene glycol provides in-depth information on major market trends, industry development factors, and other critical statistics. Industry consultants and analysts have thoroughly investigated and analysed each significant participant’s diverse product portfolios and competitive vendor landscapes, which are dispersed across multiple global marketplaces, in order for readers to get a thorough understanding of the Propylene Glycol market.
The potential, resources, and capacities of market participants for propylene glycol have been highlighted by Fact.MR researchers. Another fascinating area of study is the distribution of products and services related to propylene glycol among various businesses. Over the past 12 months, the industry grew by 3% year over year. By the end of 2032, propylene glycol sales are anticipated to reach US$108 billion, rising at a CAGR of 3.1% between 2022 and 2032.
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Key Companies Profiled
- Dow
- BASF SE
- Sumitomo Chemical Co. Ltd.
- Exxon Mobil Corporation
- INEOS
- LyondellBasell Industries Holdings B.V.
- SABIC
- Asahi Kasei Corporation,
- China Petrochemical Corporation,
- Chevron Phillips Chemical Company,
- Manali Petrochemical
- AGC Chemicals,
- Royal Dutch Shell,
- Oleon NV
Key Segments Covered
- Propylene Glycol Market by Source :
- Petroleum Propylene Glycol
- Bio-Based Propylene Glycol
- Propylene Glycol Market by Type :
- Industrial Grade Propylene Glycol
- Food Grade Propylene Glycol
- Pharma Grade Propylene Glycol
- Propylene Glycol Market by End Use :
- Chemical Intermediary (Unsaturated Polyester Resins, Functional Fluids & Antifreezes)
- Cosmetic and Personal Care Products
- Consumer Goods (Liquid Detergents)
- Food
- Pharmaceuticals
- Propylene Glycol Market by Primary Function :
- Propylene Glycol as Emollients (Softener)
- Propylene Glycol as Solvents
- Propylene Glycol as Stabilizing Agents
- Propylene Glycol as Preservative Agents
- Propylene Glycol as Humectants (Binding Agent)
- Propylene Glycol as Excipients (Bulking Agent)
- Others
- Propylene Glycol Market by Region :
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa
Each market participant’s business plans, including mergers, the introduction of new goods, joint ventures, and partnerships, are extensively examined in the Propylene Glycol Report.
The present COVID-19 pandemic has had a detrimental effect on the entire propylene glycol business. Production has been delayed significantly as a result of the temporary suspension of industrial operations in all of the major manufacturing centres. COVID-19 also has an effect on consumer demand and purchasing power. Given the length of the proposed suspension, it is extremely difficult to forecast when and how the market for propylene glycol would reopen. The Cov-19 is anticipated to have a significant impact on the study of propylene glycol.
The following information is included in the examination of the propylene glycol along with other information:
People’s global consumption patterns are changing.
Propylene Glycol demand is being influenced by a number of opportunities, difficulties, and variables on the global market.
Everyone needs fresh funding sources in a field that is becoming more global.
Characteristics of the top businesses in the sector with regard to their level of participation and competition
Innovative business plans and technological developments that take into account the financial effects of COVID-19 and how the pandemic might influence the future development of propylene glycol.
Geographic segmentation is used to analyse market revenue and forecast future growth for propylene glycol.
IoT detection in warehouse management is now much more necessary.
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How Opportunistic are Growth Prospects across the U.S Market?
Enhanced Production Capacity of U.S gives it Leverage
The production of specialty chemicals will receive gains from end-use applications such as fragrances, oilfield chemicals, coatings, electronic chemicals, adhesives, flavors and cosmetic chemicals The surge in the demand for specialty chemicals will also remain sustained, on account of the growth in industrial and construction activities in the future.
Therefore, the U.S. remains a key country for the growth of leading manufacturers in the chemical industry, and its further benefits from the increasing production of bio-based propylene glycol in the country. Fact.MR forecasted that the demand for the propylene glycol is expected to flourish at a CAGR of 4.3% throughout the conjecture period, estimated at nearly US$ 2.5 Billion in 2021 and is likely to exceed US$ 4 Billion by 2032 end.
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