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.
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Propylene Glycol Market Scope and Methodology:
This report analyzes the Propylene Glycol Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Propylene Glycol Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Propylene Glycol Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Propylene Glycol Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Propylene Glycol Market across different countries and regions.
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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 is the growth rate of the Propylene Glycol Market ?
What was the Propylene Glycol Market size in 2023?
What are the upcoming opportunities 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?
Which application holds the highest potential in the Propylene Glycol market?
What are the key challenges and opportunities in the Propylene Glycol market?
What is Propylene Glycol?
What was the Propylene Glycol market size in 2023?
What will be the CAGR at which the Propylene Glycol market will grow?
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?
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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
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