Dipropylene Glycol Market is expected to reach US$ 5.59 Bn. at a CAGR of 2.4% during the forecast period 2029.Dipropylene Glycol Market Overview:
The presence of low toxicity and low evaporation rate has resulted in a wide-scale use of Dipropylene Glycol in the industrial sector.Dipropylene Glycol is a prime component used in the production of high-volume plasticizers. Dipropylene Glycol is used as an initiator and stability provider in the process of manufacturing urethane polyols. Dipropylene Glycol is used on a large scale in manufacturing printing inks, cellulose acetate, and lacquers by the chemical industry. The cosmetic grade Dipropylene Glycol is used in manufacturing soaps, perfumes, skin and hair care products. Increased demand for cosmetic additives has resulted in increased demand for Dipropylene Glycol by the industrial sector. The presence of solvent properties and increased demand from the chemical industry has resulted in a growth in the Global Dipropylene Glycol Market.To know about the Research Methodology :- Request Free Sample Report
Dipropylene Glycol Market Dynamics:
A report by WTO published in 2018 states that global consumption of plasticizers in 2017 was 7.5 million tonnes. This report also predicts that by 2024 the global consumption of plasticizers will reach the mark of 10 million tonnes. Dipropylene Glycol is one such product that acts as a polymerization initiator and solvent used in manufacturing plastic. The increasing use of products made by using plastic has resulted in increased demand for Dipropylene Glycol. The presence of properties like high solvency and high viscosity has resulted in increased use of Dipropylene Glycol by the chemicals manufacturing industry. Dipropylene Glycol is a type of Dihydroxydipropyl ether that is used where ether and ester reactions are formed. Dipropylene Glycol acts as a solvent for chemicals like hydraulic brake fluids and textile oils. Increased demand for industrial and commercial chemicals has resulted in increased use of industrial-grade Dipropylene Glycol. A report by the Global Consumer forum published in 2018 states that demand for cosmetics and personal care products is showing annual growth of 8% and is expected to reach the mark of US $ 450 Billion by the year 2025. Dipropylene Glycol is used as an emulsion stabilizer and softener solvent in manufacturing cosmetics and personal care products. Increased demand for body and personal care products around the world has propelled the use of Dipropylene Glycol from the cosmetics industry. A report by WHO state the global Castor Oil market in 2017 was worth US $ 1.3 Billion. Increased use of Castor Oil in manufacturing medicines and cosmetics products has predicted the Castor Oil market to reach the mark of US $ 1.5 Billion by 2025. Dipropylene Glycol is used on a large scale for solubilizing Castor Oil. Increased demand for Castor Oil has predicted the increased use of Dipropylene Glycol. A wide-scale application in the Chemical Industry acts as the major driving factor for the growth of the Global Dipropylene Glycol Market. Restraints: The rising preference for low-cost alternatives by small and medium-scale chemical manufacturers acts as the major restraining factor here.Dipropylene Glycol Market Segment Analysis:
The Global Dipropylene Glycol Market is segmented on the basis of By Grade, It is observed that more than 40% of the Dipropylene Glycol available in the market is of industrial grade. An increase in demand for body care products has resulted in a 2.6% increase in demand for cosmetics grade Dipropylene Glycol.By Application, It is observed that more than 35% of the Dipropylene Glycol manufactured is used by the industrial sector for producing plastic. An increase of 3.1% has been observed in the demand for Dipropylene Glycol by the Chemical industry. The rising preference for cosmetics and personal care products has resulted in a 3% increase in demand for Dipropylene Glycol by the cosmetics industry. It is observed that the presence of emulsifying properties has resulted in a 3.5% increase in the consumption of Dipropylene Glycol by the Cosmetics Industry. The presence of solvent and odour-enhancing properties has resulted in a 2.3% increase in demand for Dipropylene Glycol by the FMCG sector for manufacturing personal and home care perfumes. Increased demand for plastic products around the world has resulted in a 2.4% increase in demand for Dipropylene Glycol by the plastic industry for manufacturing plasticizers. The presence of polymerization initiating properties has resulted in a 1.3% increase in the use of Dipropylene Glycol by the chemical industry. The presence of germ-killing properties has resulted in a 3% increase in the use of Dipropylene Glycol in manufacturing Insecticides. Different products like paints and coatings are made by using Dipropylene Glycol.
Regional Insights
Region-wise Asia-Pacific is the biggest market for Dipropylene Glycol. The ever-rising population and large-scale consumption of cosmetics, chemicals, and plastic products have resulted in a 2.8% increase in demand for Dipropylene Glycol by the industrial sector present in this region. An increase in the consumption of plastic products has resulted in a 3.2% increase in demand for Dipropylene Glycol in North America. The preference for insecticides on a large scale has resulted in a 2.6% increase in demand for Dipropylene Glycol by the Chemical industry present in this region. The presence of big chemicals and plastic manufacturing plants has resulted in a 2.1% increase in demand for Dipropylene Glycol by the industrial sector present in this region. The presence of the big cosmetics industry has resulted in a 2.6% increase in demand for Dipropylene Glycol in Europe. The rising preference for aromatic products has resulted in a 2.3% increase in demand for Dipropylene Glycol by the personal care products manufacturing industry present in this region. South America is showing a growth rate of 2.4%, the reason for which is the presence of a big chemical and plastic manufacturing industry. The Middle East and Africa’s Market is showing a growth rate of 2.1%, the reason for which is the rapidly growing industrial sector present in this region. The objective of the report is to present a comprehensive analysis of the global Dipropylene Glycol market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Dipropylene Glycol market dynamics, structure by analyzing the market segments and Project the global Dipropylene Glycol market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Dipropylene Glycol market make the report investor’s guide.Dipropylene Glycol Market Scope: Inquire before buying
Dipropylene Glycol Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US$ 4.73 Bn. Forecast Period 2023 to 2029 CAGR: 2.4% Market Size in 2029: US$ 5.59 Bn. Segments Covered: by Grade Industrial Grade Cosmetics Grade by Application Perfumes Plasticizers Insecticides Polymerization Initiator Paints & Coatings Others by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Dipropylene Glycol Market Key Players
1. BASF SE 2. NEI Corporation 3. The 3M Company 4. Umicore N.V. 5. Johnson Matthey 6. Targray Technologies International Inc. 7. Sumitomo Corporation 8. Toda Kogyo Corporation 9. Hitachi Chemical Energy Technology Co., Ltd. 10. Showa Denko K.K. 11. Kureha Corporation 12. Mitsubishi Chemical Corporation 13. Gravita India Ltd. 14. Mitsui Mining and Smelting Co., Ltd. 15. Pulead Technology Industry Co. Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Dipropylene Glycol Market? Ans: Asia-Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Dipropylene Glycol Market? Ans: The Global Dipropylene Glycol Market is growing at a CAGR of 2.40% during forecasting period 2023-2029. 3. What is scope of the Global Dipropylene Glycol market report? Ans: Global Dipropylene Glycol Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Dipropylene Glycol market? Ans: The important key players in the Global Dipropylene Glycol Market are – BASF SE, NEI Corporation, The 3M Company, Umicore N.V., Johnson Matthey, Targray Technologies International Inc., Sumitomo Corporation, Toda Kogyo Corporation, 5. What is the study period of this market? Ans: The Global Dipropylene Glycol Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Dipropylene Glycol Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Dipropylene Glycol Market 3.4. Geographical Snapshot of the Dipropylene Glycol Market, By Manufacturer share 4. Global Dipropylene Glycol Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Dipropylene Glycol Market 5. Supply Side and Demand Side Indicators 6. Global Dipropylene Glycol Market Analysis and Forecast, 2022-2029 6.1. Global Dipropylene Glycol Market Size & Y-o-Y Growth Analysis. 7. Global Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 7.1.1. Industrial Grade 7.1.2. Cosmetics Grade 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Cosmetics 7.2.2. Perfumes 7.2.3. Plasticizers 7.2.4. Insecticides 7.2.5. Polymerization Initiator 7.2.6. Paints & Coatings 7.2.7. Others 8. Global Dipropylene Glycol Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 9.1.1. Industrial Grade 9.1.2. Cosmetics Grade 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Cosmetics 9.2.2. Perfumes 9.2.3. Plasticizers 9.2.4. Insecticides 9.2.5. Polymerization Initiator 9.2.6. Paints & Coatings 9.2.7. Others 10. North America Dipropylene Glycol Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Dipropylene Glycol Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Dipropylene Glycol Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Dipropylene Glycol Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Dipropylene Glycol Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Dipropylene Glycol Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Grade, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Dipropylene Glycol Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. BASF SE 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. NEI Corporation 45.3.3. The 3M Company 45.3.4. Umicore N.V. 45.3.5. Johnson Matthey 45.3.6. Targray Technologies International Inc. 45.3.7. Sumitomo Corporation 45.3.8. Toda Kogyo Corporation 45.3.9. Hitachi Chemical Energy Technology Co., Ltd. 45.3.10. Showa Denko K.K. 45.3.11. Kureha Corporation 45.3.12. Mitsubishi Chemical Corporation 45.3.13. Gravita India Ltd. 45.3.14. Mitsui Mining & Smelting Co., Ltd. 45.3.15. Pulead Technology Industry Co. Ltd. 46. Primary Key Insights