Transportation is one of the leading segments examined in our analysis and leads the global polypropylene market, which was estimated to be worth US$4.51 billion in 2023.
Propylene Glycol Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Propylene Glycol Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Propylene Glycol market, with forecasts outspreading to the year 2030.
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Propylene Glycol Market Scope and Methodology:
The research provides a thorough understanding of the Propylene Glycol industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Propylene Glycol market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Propylene Glycol market and its segments. The examination of the Propylene Glycol industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Propylene Glycol industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
Propylene Glycol Market Regional Insights
The Propylene Glycol market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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Propylene Glycol Market Segmentation
by Source
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol
The market for propylene glycol is dominated by petroleum-based propylene glycol. Over 50% of the market was accounted for by petroleum-based propylene glycol, which is anticipated to dominate the worldwide market throughout the forecast period due to its growing application in the construction and transportation sectors.
by Application
Unsaturated Polyester Resin
Food, Pharmaceuticals & Cosmetics
Antifreeze & Functional Fluid
Liquid Detergents
Plasticizers
Others
The global propylene glycol market is dominated by unsaturated polyester resins and is anticipated to expand at a compound annual growth rate (CAGR) of 3.7% over the course of the forecast period. Antifreeze, functional liquids, and medicines will follow.
by End User Industry
Transportation
Building & Construction
Pharmaceuticals & Cosmetics
Food & Beverage
Others
With over 35% of the global market, the transportation segment dominates the propylene glycol industry. The expansion of polypropylene glycol use in the transportation sector is driven by advancements in the automotive and transportation industries as well as the widespread use of polypropylene in coolant, brake fluid, hydraulic fluid, and deicing fluid.
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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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Table of Content: Propylene Glycol Market
Part 01: Executive Summary
Part 02: Scope of the Propylene Glycol Market Report
Part 03: Global Propylene Glycol Market Landscape
Part 04: Global Propylene Glycol Market Sizing
Part 05: Global Propylene Glycol Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Propylene Glycol Market are:
- What is Propylene Glycol?
- What was the Propylene Glycol market size in 2023?
- What is the growth rate of the Propylene Glycol Market?
- Which is the fastest-growing region in the Propylene Glycol market?
- Which are the factors expected to drive the Propylene Glycol market growth?
- What is the CAGR at which the Propylene Glycol market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Propylene Glycol?
- What are the upcoming opportunities and trends for the Propylene Glycol Market?
- What are the different segments of the Propylene Glycol Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Propylene Glycol Market?
- What segments are covered in the Propylene Glycol Market?
- Who are the key players in the Propylene Glycol market?
- Who are the leading companies and what are their portfolios in Propylene Glycol Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- 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
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