Propylene Glycol Market Overviews

Maximize Market Research is an Propylene Glycol # research firm that has published a detailed analysis of the “Propylene Glycol Market”. MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Propylene Glycol market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Propylene Glycol Market Scope and Methodology:

The global polypropylene market is dominated by the transportation sector, which is one of the key areas examined in our analysis. The propylene glycol market is expected to reach a valuation of US$ 4.51 billion by 2023.
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Propylene Glycol Market Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Propylene Glycol market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Propylene Glycol market status of the various countries featured in the research is provided by the Regional Analysis.

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Propylene Glycol Market Segmentation

by Source

Petroleum-based Propylene Glycol
Bio-based Propylene Glycol

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

The global 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 product categories. 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 a market share of more than 35%, the transportation segment leads the worldwide 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%.

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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.
13.Adeka Corporation
14.Manali Petrochemicals Limited
15.Qingdao Shida Chemical Co., Ltd.
16.Tongling Jintai Chemical Industrial Co., Ltd.
17.Dongying Hi-tech Spring Chemical Industrial Co., Ltd.
18.Shandong Depu Chemical Industry Science and Technology Co., Ltd
19.Chaoyang Chemicals, Inc.
20.Oleon Nv
21.Golden Dyechem
22.Haike Chemical Group
23.Helm AG
24.Oxide Belgium B.V.
25.Arrow Chemical Group Corp.
26.Trinternational, Inc.

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Key questions answered in the Propylene Glycol Market are:

What is Propylene Glycol ?

• What was the Propylene Glycol market size in 2023?
• What is the growth rate of the Propylene Glycol Market?
• Which are the factors expected to drive the Propylene Glycol market growth?
• What are the different segments of the 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?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Propylene Glycol Market?
• Who are the leading companies and what are their portfolios in Propylene Glycol Market?
• What segments are covered in the Propylene Glycol Market?
• Who are the key players in the Propylene Glycol market?

 Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size Forecast by Different Segment | 2024−2030
• 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:

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