Propylene Glycol Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2019-2026 based on the historical data. This research report delivers recent developments of major players with their respective market share. In addition, it also delivers detailed analysis of regional and country market.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the propylene glycol market include The Dow Chemical Company, BASF SE, Archer Daniels Midland Company, LyondellBasell Industries N.V., DuPont Tate & Lyle Bio Products Company, LLC, Global Bio-chem Technology Group Co., Ltd., Huntsman Corporation, SKC Co., Ltd., Temix International S.R.L., and Ineos Oxide, among others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The rising demand for Propylene Glycol in the food processing industry and pharmaceuticals Industry are important factors anticipated to encourage the growth of the global Propylene Glycol market in the upcoming period. Furthermore, rising trends towards the application of polypropylene in the automotive industry to decline the weight of the vehicle for increasing fuel efficiency are other factors projected to accelerate the growth of the market in the upcoming years. In addition to this, application of Propylene glycol (PG) to manufacture unsaturated polyester resins (UPRs), which is majorly consumed in in the construction, marine and transportation industries will also propel the growth of Propylene Glycol market. Furthermore, uses of propylene glycol in making unsaturated polyester resins that is reinforced with fiberglass which is used in building panels, bathroom components, fixtures , corrosion-resistant tanks, pipes ,ducts, boats, passenger cars, trucks and recreational vehicles and major appliances will contribute in the growth of Propylene Glycol market in upcoming periods. Apart from this, application of Propylene Glycol as an ingredient in engine coolants, deicing fluids, antifreeze and which are also helpful in making base fluid for aircraft deicing formulations and a coolant in the food industry will boom the market. Uses of propylene glycol broad as a humectant in the pharmaceutical, cosmetic, animal food and tobacco industries will drive the market over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of propylene glycol.
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Market Segmentation
The entire propylene glycol market has been sub-categorized into source, grade analysis and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Source
· Petroleum-Based PG
· Bio-Based PG
By Grade Analysis
· Industrial Grade
· Pharmaceutical Grade
By End-Use Industry
· Cosmetics and Personal Care
· Food and Beverage
· Pharmaceutical
· Automotive
· Building and Construction
· Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for propylene glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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