Propylene Glycol Market size was valued at US$ 4.32 Bn. in 2022 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.

Propylene Glycol Market Report Overview

The Propylene Glycol  market report is a comprehensive analysis of the Propylene Glycol Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Propylene Glycol  market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Propylene Glycol  market.

Propylene Glycol  Market Report Scope and Research Methodology

The report provides a detailed analysis of the Propylene Glycol  market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Propylene Glycol  market report.

Primary research involved interviews with key players in the Propylene Glycol  industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Propylene Glycol  market, as well as the opportunities and challenges facing the industry.

Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Propylene Glycol  market, such as market size, trends, and regulations.

The report also includes a SWOT analysis of the Propylene Glycol  industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.

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Propylene Glycol  Market Dynamics

Propylene glycol is frequently used to enhance the flavor, texture, look, and shelf life of certain processed foods. Some of the main factors driving the market expansion include dietary changes, an increase in the labor force, and significantly higher consumption of processed foods as a result of busy lifestyles. Nonetheless, the expansion of the building and transportation sectors has resulted in a rise in the need for propylene glycol in a number of industrial chemicals, including hydraulic and brake fluids, cutting fluids, and vehicle coolants. It helps the market expand and is utilized as a solubilizer for active ingredients. Growing environmental issues are driving manufacturers in the sector to concentrate on bio-based chemicals for the production of propylene glycol. 

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Propylene Glycol  Market Regional Analysis

The report includes a detailed analysis of several key countries including Propylene Glycol  market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:

North America (U.S., Canada, Mexico)

Europe (UK, Germany, France, Spain, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)

South America (Brazil)

The Middle East and Africa

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 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%.

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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 Report are:

• What is Propylene Glycol  ?
• What was the Propylene Glycol  Market size in 2022?
• What will be the CAGR of the Propylene Glycol  market during the forecast period?
• Which region held the largest Propylene Glycol  market share in 2022?
• What are the opportunities for the Propylene Glycol  Market?
• What are the factors driving the Propylene Glycol  market growth?
• What factors are hampering the Propylene Glycol  market growth?
• Which company held the largest share in the Propylene Glycol  market?
• What key trends are likely to emerge in the Propylene Glycol  market in the coming years?
• What growth strategies are the players considering to increase their presence in Propylene Glycol  Market?

Key offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis of segments and sub-segments
• 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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