Propylene Glycol Market: Global Industry Analysis and Forecast (2021-2027) by Source, Application, and End User Industry.

Propylene Glycol Market size was valued at US$ 3.97 Bn. in 2020 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.

Propylene Glycol Market Overview:

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. Propylene Glycol Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Propylene Glycol Market Dynamics:

Propylene glycol is widely used to improve the texture, taste, appearance, and shelf life of various processed foods. Significant increases in processed food consumption due to busy lifestyles, dietary changes, and increased labor force are some of the major drivers of market growth. However, the growth of the construction and transportation industry has led to an increase in demand for propylene glycol in a variety of industrial chemicals such as cutting fluids, automotive coolants, and hydraulics, and brake fluids. It is used as an active ingredient solubilizer and contributes to the growth of the market. Manufacturers in the industry are focusing on bio-based chemicals for the production of propylene glycol due to growing environmental problems that act as another growth factor. In addition, the prevalence of coronavirus disease (COVID19) has increased the need for propylene glycol in the production of hand sanitizers and surface disinfectants. The increasing use of the global propylene glycol market in processed foods and beverages is estimated to hold the largest market share during the forecast period. Due to the unique properties of propylene glycol, it is widely used in a variety of applications, including, personal care products, food products, etc. However, fluctuations in raw material prices and the high investment required for research and development can hamper this market over an estimated period. Alternatively, increasing demand for bio-based propylene glycol is expected to provide new opportunities for the global propylene glycol market. The global propylene glycol ether market is used in a variety of applications in a variety of industries. Because each application requires specific characteristics and characteristics, manufacturers focus on improving the product mix and providing bespoke and bespoke products to meet customer-specific requirements. In the electronics field, we need bespoke products with special properties and improved quality. Therefore, it is presumed that product differences and adaptations create new development opportunities in the market. Propylene glycol is a petrochemical product and its quality does not vary from manufacturer to manufacturer. Industrial grade propylene glycol is used as a raw material for the production of other chemicals. Therefore, it acts as a basic feed with little change when applied. This leaves designers with little room for product differences.

Global Propylene Glycol Market Segment Analysis:

By Source, Petroleum-based Propylene Glycol is the dominating segment in the global propylene glycol market. Petroleum-based propylene glycol held more than 50% of the market share and it is expected to lead the global market over a forecast period due to increasing use in the transportation and construction industries. Petroleum-based Propylene has wide usage in automobiles and transportation as a mechanical fluid and lubricant which has a limited petroleum and petrochemical producer to supply the global demand. Propylene Glycol Market by Type By Application, Unsaturated polyester resins are dominating the global Propylene Glycol Market and it is expected to grow with a CAGR of 3.7% during the forecast period, followed by antifreeze, functional liquids, and pharmaceuticals. The growing construction and construction industry, coupled with increased investment in infrastructure development in emerging markets, is driving the growth of the propylene glycol market in the use of unsaturated polyester resins. By End-User Industry, Transportation is the dominating Segment in Global Propylene Glycol Market with more than 35% of share in the global market. Due to development in transportation and automobile industry and wide usage of polypropylene in deicing fluid, Coolant, Hydraulic and Brake Fluid which drives the growth of polypropylene glycol usage in the transportation segment. The Segment is expected to grow at a CAGR of 5.6% throughout the forecasted period. Propylene Glycol Market by End User

Global Propylene Glycol Market Regional Insights:

The Asia Pacific is the dominating region in Global Propylene Glycol Market. The Asia Pacific held more than 32% market share in 2020. This advantage can be traced back to the epidemic growth of the Indian and Chinese automotive, construction, F & B, and pharmaceutical industries. These industries supply nearly half of the world's population in these two economies. According to the latest records from Open Government Data Platform India, India's total vehicle population in 2020 will be 210 million, the sector is growing rapidly. The automotive sector has become a major employer of propylene glycol as a coolant. In addition to antifreeze, flood control and brake fluid meet the market with great demand. Propylene Glycol Market by Regional The objective of the report is to present a comprehensive analysis of the Global Propylene 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, 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 Propylene Glycol market dynamics, structure by analyzing the market segments and projecting the Global Propylene 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 Propylene Glycol market make the report investor’s guide.

Global Propylene Glycol Market Scope:Inquire before buying

Propylene Glycol Market by Scope

Global Propylene Glycol Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Propylene Glycol Market Key Players

• Archer Daniels Midland Company • BASF SE • The DOW Chemical Company • Global Bio-Chem Technology Group Co., Ltd. • LyondellBasell Industries N.V. • Huntsman Corporation • SKC Co., Ltd. • Royal Dutch Shell PLC. • Remix International S.R.L. • Dupont Tate & Lyle Bio Products Company, LLC • Ineos Oxide • Asahi Glass Co., Ltd. • Adeka Corporation • Manali Petrochemicals Limited • Qingdao Shida Chemical Co., Ltd. • Tongling Jintai Chemical Industrial Co., Ltd. • Dongying Hi-tech Spring Chemical Industrial Co., Ltd. • Shandong Depu Chemical Industry Science and Technology Co., Ltd • Chaoyang Chemicals, Inc. • Oleon Nv • Golden Dyechem • Haike Chemical Group • Helm AG • Oxide Belgium B.V. • Arrow Chemical Group Corp. • Trinternational, Inc.

FAQ

1] What segments are covered in the Global Propylene Glycol Market report? Ans. The segments covered in the Global Propylene Glycol Market report are based on Source, Application, and End User Industry. 2] Which region is expected to hold the highest share in the Global Propylene Glycol Market? Ans. Asia Pacific Region is expected to hold the highest share in the Global Propylene Glycol Market. 3] What is the market size of Global Propylene Glycol Marketby2027? Ans. The market size of Global Propylene Glycol Marketby2027 is US $ 5.37 Bn. 4] Who are the top key players in the Global Propylene Glycol Market? Ans. Archer Daniels Midland Company, BASF SE, The DOW Chemical Company, Global Bio-Chem Technology Group Co., Ltd., LyondellBasell Industries N.V., Huntsman Corporation, SKC Co., Ltd., Royal Dutch Shell PLC., Temix International S.R.L., Dupont Tate & Lyle Bio Products Company, LLC, Ineos Oxide, Asahi Glass Co., Ltd., Adeka Corporation, Manali Petrochemicals Limited, Qingdao Shida Chemical Co., Ltd., Tongling Jintai Chemical Industrial Co., Ltd., Dongying Hi-Tech Spring Chemical Industrial Co., Ltd., Shandong Depu Chemical Industry Science and Technology Co., Ltd, Chaoyang Chemicals, Inc., Oleon Nv, Golden Dyechem, Haike Chemical Group, Helm AG, Oxide Belgium B.V., Arrow Chemical Group Corp., Trinternational, Inc. 5] What was the market size of the Global Propylene Glycol Market in 2020? Ans. The market size of the Global Propylene Glycol Market in 2020 was US $ 3.97 Bn.
1. Global Propylene Glycol Market: Research Methodology 2. Global Propylene Glycol Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Propylene Glycol Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Propylene Glycol Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Propylene Glycol Market Segmentation 4.1. Global Propylene Glycol Market, by Source (2020-2027) • Petroleum-based Propylene Glycol • Bio-based Propylene Glycol 4.2. Global Propylene Glycol Market, by Application (2020-2027) • Unsaturated Polyester Resin • Food, Pharmaceuticals & Cosmetics • Antifreeze & Functional Fluid • Liquid Detergents • Plasticizers • Others 4.3. Global Propylene Glycol Market, by End User Industry (2020-2027) • Transportation • Building & Construction • Pharmaceuticals & Cosmetics • Food & Beverage • Others 5. North America Propylene Glycol Market(2020-2027) 5.1. Global Propylene Glycol Market, by Source (2020-2027) • Petroleum-based Propylene Glycol • Bio-based Propylene Glycol 5.2. Global Propylene Glycol Market, by Application (2020-2027) • Unsaturated Polyester Resin • Food, Pharmaceuticals & Cosmetics • Antifreeze & Functional Fluid • Liquid Detergents • Plasticizers • Others 5.3. Global Propylene Glycol Market, by End User Industry (2020-2027) • Transportation • Building & Construction • Pharmaceuticals & Cosmetics • Food & Beverage • Others 5.4. North America Propylene Glycol Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Propylene Glycol Market (2020-2027) 6.1. European Propylene Glycol Market, by Source (2020-2027) 6.2. European Propylene Glycol Market, by Application (2020-2027) 6.3. European Propylene Glycol Market, by End User Industry (2020-2027) 6.4. European Propylene Glycol Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Propylene Glycol Market (2020-2027) 7.1. Asia Pacific Propylene Glycol Market, by Source (2020-2027) 7.2. Asia Pacific Propylene Glycol Market, by Application (2020-2027) 7.3. Asia Pacific Propylene Glycol Market, by End User Industry (2020-2027) 7.4. Asia Pacific Propylene Glycol Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Propylene Glycol Market (2020-2027) 8.1. The Middle East and Africa Propylene Glycol Market, by Source (2020-2027) 8.2. The Middle East and Africa Propylene Glycol Market, by Application (2020-2027) 8.3. The Middle East and Africa Propylene Glycol Market, by End User Industry (2020-2027) 8.4. The Middle East and Africa Propylene Glycol Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Propylene Glycol Market (2020-2027) 9.1. Latin America Propylene Glycol Market, by Source (2020-2027) 9.2. Latin America Propylene Glycol Market, by Application (2020-2027) 9.3. Latin America Propylene Glycol Market, by End User Industry (2020-2027) 9.4. Latin America Propylene Glycol Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Archer Daniels Midland Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. BASF SE 10.3. The DOW Chemical Company 10.4. Global Bio-Chem Technology Group Co., Ltd. 10.5. LyondellBasell Industries N.V. 10.6. Huntsman Corporation 10.7. SKC Co., Ltd. 10.8. Royal Dutch Shell PLC. 10.9. Remix International S.R.L. 10.10. Dupont Tate & Lyle Bio Products Company, LLC 10.11. Ineos Oxide 10.12. Asahi Glass Co., Ltd. 10.13. Adeka Corporation 10.14. Manali Petrochemicals Limited 10.15. Qingdao Shida Chemical Co., Ltd. 10.16. Tongling Jintai Chemical Industrial Co., Ltd. 10.17. Dongying Hi-tech Spring Chemical Industrial Co., Ltd. 10.18. Shandong Depu Chemical Industry Science and Technology Co., Ltd 10.19. Chaoyang Chemicals, Inc. 10.20. Oleon Nv 10.21. Golden Dyechem 10.22. Haike Chemical Group 10.23. Helm AG 10.24. Oxide Belgium B.V. 10.25. Arrow Chemical Group Corp. 10.26. Trinternational, Inc.

About This Report

Report ID33146
Category Material & Chemical
Published DateJuly 2019
Updated DateNov 2021
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