Propylene Glycol Market: Industry Insights and Future Growth Prospects
The propylene glycol market has been witnessing significant growth in recent years, driven by its wide range of applications across various industries. Propylene glycol, a colorless, odorless liquid, is primarily used as a solvent, humectant, and viscosity reducer in a diverse array of products. From cosmetics and personal care items to food and beverages, pharmaceuticals, and automotive fluids, propylene...
Exploring the Surging Demand for Propylene Glycol in Various Industries
The global Propylene Glycol Market size is projected to reach USD 4.7 billion by 2024, at a CAGR of 4.4% from USD 3.8 billion in 2019, as per the recent study by MarketsandMarkets™. The eco-friendly production process of bio-based propylene glycol has led to the growth of the global propylene glycol market. The growing automotive industry in APAC is also driving the market as propylene...