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Propylene Glycol - Global Market Outlook (2018-2027)

Propylene Glycol - Global Market Outlook (2018-2027)

4.3 (64 reviews)
Published: February 2020 ID: SMRC18957
4.3 (64 reviews)
Published: February 2020 ID: SMRC18957

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Propylene Glycol Market is accounted for $3.59 billion in 2018 and is expected to reach $5.97 billion by 2027 growing at a CAGR of 5.8% during the forecast period. Factors such as the growing automotive industry in APAC, the eco-friendly production process of bio-based propylene glycol and increasing geriatric population across the world will escalate spending in the pharmaceutical sector are driving the market growth. However, huge investment requirement in R&D for bio-based propylene glycol is hampering the market growth.

Propylene glycol (PG) is a synthetic organic compound, known by the molecular formula C3H8O2. It is also known by the name propane1,2-diol. Propylene glycol is a clear, colourless, odourless, viscous, and possess a faintly sweet taste. It is hygroscopic, low toxicity, and shows broad solvency. Propylene glycol can be obtained from both petroleum and bio-based source. Propylene glycol is produced synthetically by the hydration of propylene oxide by the either catalytic or non-catalytic process, whereas bio-based propylene glycol is produced by the hydrogenolysis of glycerine.

Based on the end-user, Transportation is the significant-growing end-use industry due to the growing automobile sales. The increase in the use of propylene glycols in applications, such as aircraft deicing fluid, automotive coolants, and hydraulic & brake fluids, is also driving the propylene glycol market in the transportation industry. 

By Geography, Asia Pacific is expected to have significant growth during the forecast period in terms of both volume and value. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and South Korea, is projected to make this region an ideal destination for the propylene glycol industry.

Some of the key players in global Propylene Glycol market are Global Bio-Chem Technology Group Co., LTD., Huntsman Corporation, The Royal Dutch Shell, SKC Co., LTD., BASF SE, Asahi Glass Co., LTD., Temix International, Archer Daniels Midland Company (ADM), Haike Chemical, Adeka Corporation, The DOW Chemical Company, Helm AG, LyondellBasell Industries N.V., Temix Oleo S.R.L., Manali Petrochemicals Limited, Qingdao Shida Chemical Co., Arrow Chemical Group Corp., and Chaoyang Chemicals, Inc.

Grades Covered:
• Industrial Grade
• Excipients
• Polypropylene Glycol (PPG)
• Pharmaceutical Grade
• Other Grades

Sources Covered:
• Bio-Based Propylene Glycol
• Petroleum-Based Propylene Glycol

Functions Covered:
• Humectants (Binding Agent)
• Solvents
• Emollients (Softener)
• Preservative Agents
• Stabilizing Agents

End Users Covered:
• Personal Care
• Transportation
• Building & Construction
• Chemical Intermediary
• Industrial Machinery
• Packaging
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand      
o South Korea       
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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