Propylene Glycol Market Is to Potentially Grow at A CAGR Of 4.7% Over the Forecast Period 2023-2030

Propylene Glycol Market Scope 2023:

Propylene Glycol Market is a colorless and odorless liquid that is widely used in various industries such as pharmaceuticals, cosmetics, food and beverage, and many others. The increasing demand for propylene glycol in these industries is driving the growth of the propylene glycol market globally. One of the major factors contributing to the growth of this market is the rising awareness regarding personal care and hygiene. Propylene glycol is used in various personal care products such as shampoos, soaps, deodorants, and lotions, owing to its moisturizing and hydrating properties. Moreover, the growing demand for packaged food and beverages is also fueling the growth of the propylene glycol market as it is used as a preservative in these products.

The propylene glycol market is also witnessing significant growth due to the increasing demand for bio-based propylene glycol. Bio-based propylene glycol is made from renewable resources such as corn and sugarcane and is considered eco-friendly as compared to its petroleum-based counterpart. The use of bio-based propylene glycol in various industries is gaining momentum as it offers numerous advantages such as lower toxicity, biodegradability, and lower environmental impact. Moreover, the increasing concerns regarding the adverse effects of petroleum-based products on the environment are driving the demand for bio-based propylene glycol, thereby boosting the growth of the market.

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“According to SNS insider, The Propylene Glycol Market Size is estimated at US$ 4.52 billion in 2022, and is expected to reach US$ 6.53 billion by 2030, with a growing healthy CAGR of 4.7% over the forecast period 2023-2030.”

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Propylene Glycol Market research examines the most recent market changes for a variety of service providers worldwide. This market research aims to present a complete picture of the global economy and its various sectors. The section on the business climate in the study describes how large corporations compete on a global scale. Primary and secondary observational syntheses, as well as market participant input, were included in the research report. The research looks at the global industry’s market share, growth potential, and opportunities.

The research report comprises an assessment into the global business practices of leading market participants. In this market research, key executives provide a complete overview and in-depth Propylene Glycol Market analysis. This market research examines market share, scale, growth drivers, and important companies. The research report includes demand mapping for various market conditions, as well as a brand analysis.

Major Key Players Analysis are covered in Propylene Glycol Market Report are listed below:

The Dow Chemical Company
LyondellBasell Industries N.V
BASF SE
Archer Daniels Midland Company
Global Bio-chem Technology Group Co., Ltd
DuPont Tate & Lyle Bio Products
LLC
Huntsman Corporation
SKC Co., Ltd
Temix International S.R.L
Ineos Oxide

Propylene Glycol Market Segmentation Analysis 2023

To assist readers better understand the general dynamics of the target market, the Propylene Glycol Market research study classifies the market into categories based on product type, application, end use, and geographic area.

Major Segments and Sub-Segment of Propylene Glycol Market are Listed Below:

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

By End-Use Industry

Transportation
Building & Construction
Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Others

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In this study, the years considered to estimate the market size of Propylene Glycol are as follows:

History Year: 2019-2021
Base Year: 2022
Estimated Year: 2023
Forecast Year 2023 to 2030

Regional Analysis Covered in this report:

North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]

COVID-19 Impact Analysis

Several industry experts and delegates are interviewed during the primary and secondary research phases for a report on the Propylene Glycol Market in order to provide clients with precise information to solve market difficulties during and after the COVID-19 pandemic. This market research analysis comprehensively analyses market dynamics during the forecast period, as well as important changes observed over time.

Competitive Scenario

The primary research report includes a quantitative assessment of the market’s state by registration, organisational structure, and geographic region. Propylene Glycol Market research should focus on current accomplishments, opportunities, and trends in the global industry. The research thoroughly examines a variety of industries and the potential for regional development.

Key Questions Answered in the Propylene Glycol Market Report

Which geographic locations will continue to be the most profitable regional markets for market participants?
What market techniques assist businesses in increasing their market share at a faster rate?
What techniques might developed-region firms use to acquire a competitive advantage?

Conclusion

The Propylene Glycol Market research report investigates not only the economic health of the target sector, but also indicates that there is inclusive demand and a competitive market.

Table of Contents – Major Key Points

Introduction
Research Methodology
Market Dynamics
Impact Analysis
Value Chain Analysis
Porter’s 5 Forces Model
PEST Analysis
Global Propylene Glycol Market, By Source
Global Propylene Glycol Market, By Grade
Global Propylene Glycol Market, By End-Use Industry
Regional Analysis
Company Profiles
Competitive Landscape
Conclusion

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