Propylene Glycol Market Trends, Share, Size, Growth, Opportunity and Forecast -2024”, offers a comprehensive analysis of the industry, which comprises insights on Propylene Glycol market growth. The global propylene glycol market size was valued at USD 3.8 billion in 2019 and is projected to reach USD 4.7 billion by 2024, growing at a cagr 4.4% from 2019 to 2024. This comprehensive report provides an overview of current developments, emerging technologies, challenges, and opportunities in the Propylene Glycol industry. It also includes up-to-date data on consumer preferences and predicts market situations and Propylene Glycol market opportunities with expert reviews.
What is Propylene Glycol industry?
Propylene glycol is a colorless, odorless, and nearly tasteless liquid that is widely used in a variety of industries. The propylene glycol industry refers to the production and sale of propylene glycol and its derivatives, as well as the development of new applications for this versatile chemical.
Propylene glycol is used as a humectant, solvent, and preservative in a range of consumer goods, including food, personal care products, and pharmaceuticals. It is also used as a base for creating unscented and flavored e-liquids for electronic cigarettes and as a de-icing agent for aircrafts.
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What are the key industry trends of the global propylene glycol market?
Propylene glycol is a colorless, odorless, and tasteless liquid that is widely used as a solvent, humectant, and preservative in a variety of industries, including food, cosmetics, pharmaceuticals, and electronics. The market for propylene glycol has been growing steadily in recent years due to increasing demand for its applications and the growing popularity of natural and organic products.
Some of the key trends driving the propylene glycol market include:
- Growing demand for natural and organic products: The demand for natural and organic products has been increasing, leading to a growing demand for propylene glycol derived from natural sources.
- Rising demand for e-cigarettes and vapor products: Propylene glycol is used as a key ingredient in e-cigarettes and vapor products, and the growing popularity of these products is driving demand for propylene glycol.
- Increased demand for personal care products: Propylene glycol is used in a wide range of personal care products, including lotions, creams, and hair care products, and the increasing demand for these products is driving demand for propylene glycol.
- Growing use in the food industry: Propylene glycol is used as a humectant and a preservative in the food industry, and the growing demand for processed and packaged foods is driving demand for propylene glycol.
Overall, the propylene glycol market is expected to continue growing in the coming years, driven by increasing demand for its applications in various industries.
Key highlights of the report:
- Market Performance
- Market Outlook (2019- 2024)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- The Dow Chemical Company (US)
- LyondellBasell Industries N.V. (Netherlands)
- BASF SE (Germany)
- Archer Daniels Midland Company (US)
- Global Bio-chem Technology Group Co., Ltd. (China)
- DuPont Tate & Lyle Bio Products, LLC (US)
- Huntsman Corporation (US)
- SKC Co., Ltd. (South Korea)
- Temix International S.R.L. (Italy)
- Ineos Oxide (Switzerland)
Propylene Glycol Market Segmentation
By Source
- Petroleum-based PG
- Bio-based PG
By Grade
- Industrial Grade
- Unsaturated Polyester Resin
- Antifreeze & Functional Fluids
- Liquid Detergents
- Plasticizers
- Paints & Coatings
- Pharmaceutical Grade
- Food & Beverage
- Pharmaceuticals
- Cosmetics
- Other Applications
- Animal Feed
- Tobacco humectants
- Inks
- Lacquers
- Varnishes
By End-Use Industry
- Transportation
- Building & Construction
- Food & Beverage
- Pharmaceuticals
- Cosmetics & Personal Care
- Others
- Paints & Coatings
- Consumer Goods
- Electronics
- Tobacco
- Textile industry
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By Region
- APAC
- North America
- Europe
- Middle East & Arica
- South America
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