Global Propylene Glycol Market, By Source (Petroleum-Based Propylene Glycol, Bio-Based Propylene Glycol), Grade (Antifreeze and Functional Fluids, Unsaturated Polyester Resin, Food, Pharmaceuticals and Cosmetics, Plasticizers, Liquid Detergents) End Use Industry (Building and Construction, pharmaceuticals and cosmetics, transportation and food and beverage), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Propylene Glycol Market
The propylene glycol market is expected to be growing at a growth rate of 6.1% in the forecast period of 2021 to 2028. The propylene glycol market report analyses the growth, which is currently being growing due to the rising growth of various end user industries.
Propylene glycol can be described as viscous, colorless, hydroscopic liquid, having a low degree of toxicity with a faint sweet taste. It is the product of chemical reaction between propylene oxide and water.
Major factors that are expected to boost the growth of the propylene glycol market in the forecast period are the increasing of the automotive industry in various countries, the growing need for petroleum-based propylene glycol. Furthermore, the increasing demand for processed food and the
eco-friendly production procedure of propylene glycol are further anticipated to propel the growth of the propylene glycol market. On the other hand, the fewer product differentiation of petroleum-based propylene glycols, the increase in the demand for hybrid vehicles and increasing battery price parity and the vast investment needed in the research and development for bio-based propylene glycol are further estimated to impede the growth of the propylene glycol market in the timeline period.
- In addition, the increasing of the domestic income, growing of the population in the advancing countries and the increasing demand for bio-based propylene glycol in the pharmaceutical (USP/EP) grade applications will further provide opportunities for the growth of the propylene glycol market in the coming years. However, the instable prices of the crude oil might further challenge the growth of the propylene glycol market in the near future.
This propylene glycol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the propylene glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Propylene Glycol Market Scope and Market Size
The propylene glycol market is segmented on the basis of source, grade and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the propylene glycol market is segmented into petroleum-based propylene glycol, bio-based propylene glycol. Petroleum-based propylene glycol is further sub segmented into propylene oxide. Bio-based propylene glycol is further sub segmented into glycerin and sorbitol.
- On the basis of grade, the propylene glycol market is segmented into antifreeze and functional fluids, unsaturated polyester resin, food and beverage, pharmaceuticals and cosmetics, plasticizers, liquid detergents. Antifreeze and functional fluids is further sub segmented into hydraulic and brake fluid, aircraft de-icing fluid, automotive coolants and heat transfer fluid. Unsaturated polyester resin is further sub segmented into reinforced thermoset and non-reinforced thermoset. Reinforced thermoset is further sub segmented into sheet molding compounds, reinforced plastic laminates and electrical components. Non-reinforced thermoset is further sub segmented into synthetic marble casting and gel coats. Food and beverage fluids is further sub segmented into dairies. Pharmaceuticals is further sub segmented into dental care and therapeutic drugs and medicines. Cosmetics is further sub segmented into skincare. Plasticizers is further sub segmented into phenolic resin and cellophane film. Liquid detergents is further sub segmented into household and dishwashing and industrial soaps and cleaning fluids.
- On the basis of end use industry, the propylene glycol market is segmented into building and construction, pharmaceuticals and cosmetics, transportation and food and beverage. Transportation is further sub segmented into aerospace, automotive and marine.
Propylene Glycol Market Country Level Analysis
The propylene glycol market is analysed and market size, volume information is provided by country, source, grade and end use industry as referenced above.
The countries covered in the propylene glycol market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the propylene glycol market due to the increase in the adoption of unsaturated polyester resins which is influenced by overall health of local economies and construction industry trends. Furthermore, the region is one of the leading manufacturers of cosmetics and personal care products which will further boos the growth of the propylene glycol market during the forecast period. Asia Pacific is projected to observe significant amount of growth in the propylene glycol market due to the growing urbanization. Moreover, the improvising the living standards of people in the advancing countries and the sturdy automotive manufacturing industry is further anticipated to propel the growth of the propylene glycol market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Propylene Glycol Market Share Analysis
The propylene glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to propylene glycol market.
The major players covered in the propylene glycol market report are BASF SE, DOW, LyondellBasell Industries Holdings B.V., ADM, Huntsman International LLC., Global Bio-Chem Technology Group Company Limited, Dupont, Tate & Lyle, SKC., Asahi India Glass Limited., HELM AG, Chaoyang Chemicals, Inc., Temix International S.R.L., Qingdao Shida Chemical Co., Ltd., ADEKA CORPORATION, Royal Dutch Shell plc, Golden Dyechem, TRInternational, Oleon NV., Shandong depu chemical industry science&technology co.,ltd, INEOS Group Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Propylene Glycol Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.