Propylene Glycol Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Propylene Glycol Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Propylene Glycol market by thorough analysis, and projections are made up to 2030.

The Global Propylene Glycol Market is expected to reach US $43.66 billion by 2030, thanks to growth in the refractories segment. The report analyzes Propylene Glycol market dynamics by region and applications.

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Propylene Glycol Market Dynamics:

Propylene glycol is a commonly used ingredient in processed foods to enhance their texture, taste, appearance, and shelf life. Several factors contributing to the market's growth include dietary changes, an increase in the labour force, and hectic lifestyles that result in significant increases in the consumption of processed foods. However, the need for propylene glycol in a range of industrial chemicals, including cutting fluids, automotive coolants, hydraulics, and brake fluids, has increased as a result of the expansion of the construction and transportation industries. It serves as a solubilizer for active ingredients and promotes market expansion. Growing environmental issues are another driving force for the industry's manufacturers' concentration on bio-based chemicals for propylene glycol synthesis. 

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Propylene Glycol Market Segmentation:

by Source
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol

According to Source, In the global propylene glycol market, petroleum-based propylene glycol holds the leading position. Due to its growing use in the transportation and construction sectors, petroleum-based propylene glycol, which accounted for more than 50% of the market share, is anticipated to dominate the global market during the course of the projected period. Petroleum-based propylene is widely used as a mechanical fluid and lubricant in cars and other forms of transportation, but there aren't enough producers of petroleum and petrochemicals to meet the world's demand.

by Application

Unsaturated Polyester Resin
Food, Pharmaceuticals Cosmetics
Antifreeze Functional Fluid
Liquid Detergents
Plasticizers
Others

By Application, the worldwide propylene glycol market is dominated by unsaturated polyester resins, which are predicted to rise at a CAGR of 3.7% over the course of the forecast period. Antifreeze, functional liquids, and medicines are the next most popular applications for this market. Propylene glycol is driving the growth of the unsaturated polyester resin market in emerging regions due to the rising construction industry and growing investment in infrastructure development.

by End User Industry
Transportation
Building Construction
Pharmaceuticals Cosmetics
Food Beverage
Others

With more than 35% of the global market, the transportation end-user industry dominates the global propylene glycol market. The expansion of polypropylene glycol consumption in the transportation segment can be attributed to advancements in the vehicle and transportation industries, as well as the widespread use of polypropylene in deicing fluid, coolant, hydraulic and brake fluid. Over the course of the projected period, the Segment is anticipated to increase at a CAGR of 5.6%.

Propylene Glycol Market Regional Insights:

Regional insights play a vital role in understanding the nuanced dynamics of the Propylene Glycol market. The Propylene Glycol market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive examination of factors, market size, growth rate, and import and export activities within each region. The Regional Analysis section presents the current status of the Propylene Glycol market in the countries covered in the report.

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Propylene Glycol Market Key Players:

1. Archer Daniels Midland Company
2. BASF SE
3. The DOW Chemical Company
4. Global Bio-Chem Technology Group Co., Ltd.
5. LyondellBasell Industries N.V.
6. Huntsman Corporation
7. SKC Co., Ltd.
8. Royal Dutch Shell PLC.
9. Remix International S.R.L.
10.Dupont Tate Lyle Bio Products Company, LLC
11.Ineos Oxide
12.Asahi Glass Co., Ltd.

Key questions answered in the Propylene Glycol Market are:

• What is Propylene Glycol ?
• What was the Propylene Glycol market size in 2023?
• Who are the leading companies and what are their portfolios in Propylene Glycol Market?
• What growth strategies are the players considering to increase their presence in Propylene Glycol ?
• What are the upcoming industry applications and trends for the Propylene Glycol Market?
• Which are the factors expected to drive the Propylene Glycol market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Propylene Glycol Market?
• What are the different segments of the Propylene Glycol Market?
• What will be the CAGR at which the Propylene Glycol market will grow?
• What is the growth rate of the Propylene Glycol Market?
• What segments are covered in the Propylene Glycol Market?
• What are the key challenges and opportunities in the Propylene Glycol market?
• Which application holds the highest potential in the Propylene Glycol market?
• Who are the key players in the Propylene Glycol market?

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Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region 
• Market Size, Share, Size Forecast by different segment 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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