Propylene Glycol Market
Propylene Glycol - Global Market Outlook (2018-2027)
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Propylene Glycol Market, By Grade
5.1 Introduction
5.2 Industrial Grade
5.2.1 Antifreeze & Functional Fluids
5.2.1.1 Heat Transfer Fluid
5.2.1.2 Aircraft Deicing Fluid
5.2.1.3 Automotive Coolants
5.2.1.4 Hydraulic & Brake Fluid
5.2.2 Unsaturated Polyester Resin (UPR)
5.2.2.1 Non-Reinforced Thermoset
5.2.2.1.1 Gel Coats
5.2.2.1.2 Synthetic Marble Casting
5.2.2.2 Reinforced Thermoset
5.2.2.2.1 Electronic Components
5.2.2.2.2 Sheet Molding Compounds
5.2.2.2.3 Reinforced Plastic Laminates
5.2.3 Plasticizers
5.2.3.1 Phenolic Resin
5.2.3.2 Cellophane Film
5.2.4 Paints & Coatings
5.2.5 Printing Inks
5.2.6 Liquid Detergents
5.2.6.1 Industrial Soaps & Cleaning Fluids
5.2.6.2 Household & Dishwashing
5.3 Excipients
5.4 Polypropylene Glycol (PPG)
5.5 Pharmaceutical Grade
5.5.1 Food & Beverage
5.5.1.1 Dairies
5.5.2 Pharmaceuticals
5.5.2.1 Therapeutic Drugs and Medicines
5.5.2.2 Dental Care
5.5.3 Cosmetics
5.5.3.1 Skincare
5.5.4 Animal Feedstock
5.5.5 Theater Fogs & Artificial Smoke
5.5.6 Tobacco Humectants & Electronic Cigarettes
5.6 Other Grades
5.6.1 Varnishes
5.6.2 Lacquers
6 Global Propylene Glycol Market, By Source
6.1 Introduction
6.2 Bio-Based Propylene Glycol
6.2.1 Sorbitol
6.2.2 Glycerin
6.3 Petroleum-Based Propylene Glycol
6.3.1 Propylene Oxide
7 Global Propylene Glycol Market, By Function
7.1 Introduction
7.2 Humectants (Binding Agent)
7.3 Solvents
7.4 Emollients (Softener)
7.5 Preservative Agents
7.6 Stabilizing Agents
8 Global Propylene Glycol Market, By End User
8.1 Introduction
8.2 Personal Care
8.3 Transportation
8.3.1 Automotive
8.3.2 Aerospace
8.3.3 Marine
8.4 Building & Construction
8.5 Chemical Intermediary
8.6 Industrial Machinery
8.7 Packaging
8.8 Other End Users
8.8.1 Consumer Goods
8.8.2 Tobacco
8.8.3 Textile industry
8.8.4 Electronics
9 Global Propylene Glycol Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Global Bio-Chem Technology Group Co, LTD
11.2 Huntsman Corporation
11.3 The Royal Dutch Shell
11.4 SKC Co, LTD
11.5 BASF SE
11.6 Asahi Glass Co, LTD
11.7 Temix International
11.8 Archer Daniels Midland Company (ADM)
11.9 Haike Chemical
11.10 Adeka Corporation
11.11 The DOW Chemical Company
11.12 Helm AG
11.13 LyondellBasell Industries N.V.
11.14 Temix Oleo S.R.L.
11.15 Manali Petrochemicals Limited
11.16 Qingdao Shida Chemical Co
11.17 Arrow Chemical Group Corp
11.18 Chaoyang Chemicals Inc
List of Tables
1 Global Propylene Glycol Market Outlook, By Region (2017-2027) ($MN)
2 Global Propylene Glycol Market Outlook, By Grade (2017-2027) ($MN)
3 Global Propylene Glycol Market Outlook, By Industrial Grade (2017-2027) ($MN)
4 Global Propylene Glycol Market Outlook, By Antifreeze & Functional Fluids (2017-2027) ($MN)
5 Global Propylene Glycol Market Outlook, By Unsaturated Polyester Resin (UPR) (2017-2027) ($MN)
6 Global Propylene Glycol Market Outlook, By Plasticizers (2017-2027) ($MN)
7 Global Propylene Glycol Market Outlook, By Paints & Coatings (2017-2027) ($MN)
8 Global Propylene Glycol Market Outlook, By Printing Inks (2017-2027) ($MN)
9 Global Propylene Glycol Market Outlook, By Liquid Detergents (2017-2027) ($MN)
10 Global Propylene Glycol Market Outlook, By Excipients (2017-2027) ($MN)
11 Global Propylene Glycol Market Outlook, By Polypropylene Glycol (PPG) (2017-2027) ($MN)
12 Global Propylene Glycol Market Outlook, By Pharmaceutical Grade (2017-2027) ($MN)
13 Global Propylene Glycol Market Outlook, By Food & Beverage (2017-2027) ($MN)
14 Global Propylene Glycol Market Outlook, By Pharmaceuticals (2017-2027) ($MN)
15 Global Propylene Glycol Market Outlook, By Cosmetics (2017-2027) ($MN)
16 Global Propylene Glycol Market Outlook, By Animal Feedstock (2017-2027) ($MN)
17 Global Propylene Glycol Market Outlook, By Theater Fogs & Artificial Smoke (2017-2027) ($MN)
18 Global Propylene Glycol Market Outlook, By Tobacco Humectants & Electronic Cigarettes (2017-2027) ($MN)
19 Global Propylene Glycol Market Outlook, By Other Grades (2017-2027) ($MN)
20 Global Propylene Glycol Market Outlook, By Varnishes (2017-2027) ($MN)
21 Global Propylene Glycol Market Outlook, By Lacquers (2017-2027) ($MN)
22 Global Propylene Glycol Market Outlook, By Source (2017-2027) ($MN)
23 Global Propylene Glycol Market Outlook, By Bio-Based Propylene Glycol (2017-2027) ($MN)
24 Global Propylene Glycol Market Outlook, By Sorbitol (2017-2027) ($MN)
25 Global Propylene Glycol Market Outlook, By Glycerin (2017-2027) ($MN)
26 Global Propylene Glycol Market Outlook, By Petroleum-Based Propylene Glycol (2017-2027) ($MN)
27 Global Propylene Glycol Market Outlook, By Propylene Oxide (2017-2027) ($MN)
28 Global Propylene Glycol Market Outlook, By Function (2017-2027) ($MN)
29 Global Propylene Glycol Market Outlook, By Humectants (Binding Agent) (2017-2027) ($MN)
30 Global Propylene Glycol Market Outlook, By Solvents (2017-2027) ($MN)
31 Global Propylene Glycol Market Outlook, By Emollients (Softener) (2017-2027) ($MN)
32 Global Propylene Glycol Market Outlook, By Preservative Agents (2017-2027) ($MN)
33 Global Propylene Glycol Market Outlook, By Stabilizing Agents (2017-2027) ($MN)
34 Global Propylene Glycol Market Outlook, By End User (2017-2027) ($MN)
35 Global Propylene Glycol Market Outlook, By Personal Care (2017-2027) ($MN)
36 Global Propylene Glycol Market Outlook, By Transportation (2017-2027) ($MN)
37 Global Propylene Glycol Market Outlook, By Automotive (2017-2027) ($MN)
38 Global Propylene Glycol Market Outlook, By Aerospace (2017-2027) ($MN)
39 Global Propylene Glycol Market Outlook, By Marine (2017-2027) ($MN)
40 Global Propylene Glycol Market Outlook, By Building & Construction (2017-2027) ($MN)
41 Global Propylene Glycol Market Outlook, By Chemical Intermediary (2017-2027) ($MN)
42 Global Propylene Glycol Market Outlook, By Industrial Machinery (2017-2027) ($MN)
43 Global Propylene Glycol Market Outlook, By Packaging (2017-2027) ($MN)
44 Global Propylene Glycol Market Outlook, By Other End Users (2017-2027) ($MN)
45 Global Propylene Glycol Market Outlook, By Consumer Goods (2017-2027) ($MN)
46 Global Propylene Glycol Market Outlook, By Tobacco (2017-2027) ($MN)
47 Global Propylene Glycol Market Outlook, By Textile industry (2017-2027) ($MN)
48 Global Propylene Glycol Market Outlook, By Electronics (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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