Global Propylene Glycol Market by Source (Petroleum-Based, Bio-Based) Application (Antifreeze & Functional Fluids, Unsaturated Polyester Resin, Food, Pharmaceuticals & Cosmetics, Plasticizers, Liquid Detergents) End use (Building & Construction– Industry Trends and Forecast to 2024
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The Global Propylene Glycol Market accounted for USD 3.49 billion in 2016 and is projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Propylene Glycol Market
Propylene glycol is a colorless, odorless and a tasteless liquid, also referred as PG with a chemical formula C₃H₈O₂. It is less toxic, stable, highly soluble and has a high boiling point.
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It is mostly used in cosmetic products, processed foods, medication, electronic cigarettes, hydraulic fluids, plasticizer and many more.
Complete report on Global Propylene Glycol Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Propylene Glycol Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Propylene Glycol Market in 2024?
- What are the key factors driving, Analysis by Applications and Countries Global Propylene Glycol Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Propylene Glycol Market?
- Who are Opportunities, Risk and Driving Force of Global Propylene Glycol Market?
- Who are the opportunities and threats faced by the vendors in Global Propylene Glycol Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Propylene Glycol Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- BASF SE
- The DOW Chemical Company
- LyondellBasell Industries Holdings B.V.
- Archer Daniels Midland Company
- Huntsman Corporation
- Global Bio-Chem Technology Group Company Limited
- Dupont Tate & Lyle Bio Products LLC
- SKC Co., Ltd.
- Asahi 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, Inc.
- Oleon NV
- Shandong Depu Chemical Industry Science and Technology Co., Ltd
- INEOS Oxide
- among others.
Major Market Drivers
- Environment friendly process
- Rising demand of petroleum based and bio based
- Growing demand in emerging economies
- High investment in research and development activities
- Demand switching to petroleum based
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Global Propylene Glycol Market is segmented on the basis of
- End Use
Market Segmentations in Details:
On the basis of Source, the global propylene glycol market is segmented into petroleum based and bio based.
On the basis of Application, the global propylene glycol market is segmented into antifreeze & functional fluids, unsaturated polyester resin, food, pharmaceuticals & cosmetics, plasticizers and liquid detergents.
On the basis of End use, the global propylene glycol market is segmented into building & construction, pharmaceuticals & cosmetics, transportation and food & beverage.
On the basis of geography
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Propylene Glycol Market
The global propylene glycol market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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