Global Demand Analysis and Growth Forecast

As per the findings of a newly published market research report by IndustryARC, the global propylene glycol market size was around $3,655 million in 2018, and the market demand is projected to grow at a CAGR of around 3.9% during the forecast period of 2019 to 2025. The report is titled “Propylene Glycol Market: by application (unsaturated polyester resins, food, pharma, cosmetics, and others); by source (bio based and petroleum based); by end user (transportation, building and construction, and others); & by geography - forecast (2019 - 2025).”

The World Health Organization (WHO) suggests for an extreme consumption of 25 milligram/kilo gram /day of propylene glycol as a food additive, but exceeding this may be harmful to human body. Increasing usage of propylene glycol in automotive applications such as hydraulic and brake fluid, coolants and antifreeze, aircraft deicing fluid is fuelling the growth of the global propylene glycol market. Because of changing lifestyle across the globe, consumers are preferring convenience food which increasing the demand for propylene glycol as a food additive in the food & beverage industry. Low dose of propylene glycol is suggested in the fiction for intravenous therapy. Intoxication occurs at much higher doses than the WHO dose limit and it is limited to pharmacologic exposure.

Propylene glycol or propane 1,2 diol is a colorless, odorless, and hydroscopic synthetic organic compound used in the production of polymers. The synthetic organic compound is also known as α propylene glycol due to their properties varies from the isomer propane 1,3-diol.

Browse 62 Market Tables, 177 Figures spread through 144 slides and an in-depth TOC “Propylene Glycol Market (2019 - 2025)”

Global Propylene Glycol Market: Leading Segments

APAC is anticipated as the key region for the growth, with the maximum share of 32% during the forecast period. Due to rapid industrialization and urbanization, the construction industry is growing in this region. The surge in this sector is expected to use large amount of propylene glycol in the construction applications, which in turn drives the demand for propylene glycol market over the forecast period.

Analyst of the report says that, building and construction application is dominating among other diverse propylene glycol market application segments such as food, pharma, and cosmetics; it is estimated to grow with a good CAGR around 5.6% during the forecast period 2019-2025. Propylene glycol made unsaturated polyester resins are reinforced with fiber glass to form fibre glass reinforced plastics (FRPs), which are primarily used to make building panels, bathroom components, fixtures and corrosion-resistant tanks, pipes and ducts in the building and construction sector.

Global Propylene Glycol Market: Trends

Propylene Glycol has replaced ethylene glycol as the base fluid for aircraft deicing formulations and a coolant in the food industry. Propylene glycol is preferred over ethylene glycol due to its much lower toxicity.
Besides traditional sources, production of propylene glycol from bio raw materials has been developed in recent years. Bio based propylene glycol market is experiencing a surge owing to the component’s separation in several industries such as detergent & household, cosmetics, automotive, pharmaceutical, and construction.
As the consumers are becoming eco-friendly, the demand for green buildings using propylene glycol has grown. Unsaturated polyester resins, which are produced from the bio based propylene glycol are used to manufacture the important products in construction industry such as electric components, paints and coatings, tanks, and ducts.
Unsaturated polyester resins are the major propylene glycol downstream industry in terms of volume; production of antifreezes & coolants is the fastest growing application area for propylene glycol market.

Global Propylene Glycol Market: Competitive Landscape

Some of the major players operating in the global decorative paints market are 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 Company, LLC, Huntsman Corporation, and SKC Co., Ltd. New Organization of the BASF SE Group has transferred its propylene oxide and propylene glycol business from the petrochemicals division to the monomers division in Jan, 2019. The reason behind the transformation is to increase their competitiveness through technological leadership and operational excellence.

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Related Reports:

Monopropylene Glycol Market: By Grade (Food-Grade, Industrial), By Production Method (Catalytic, Non- Catalytic), By Application (Food Colorings, Solvent, Printing Inks, Non-ionic Detergents, Sugar Refining, Paper Making, Dehydrating Agent, Moisturizer, Emulsifier, Excipient, Anti-freezing Agent, Chemical Intermediate, Chemical Feedstock, Humectant, Preservative, Vaporizers, Veterinary Medicine), By End-User Industry (Paints & Coatings, Cryonics, Pharmaceutical, Food & Beverages, Cosmetics & Personal Care, Aerospace, Detergents, Automotive, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) Forecast (2018 2023)
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Global Propylene Glycol Market: Overview

The Global Propylene Glycol Market is estimated to grow at a significant rate, during the forecast period 2018-2025. Propylene Glycol is a synthetic liquid substance that absorbs water. Propylene glycol is clear, colorless, slightly syrupy liquid at room temperature. Propylene glycol is practically odorless and tasteless. Propylene glycol is used to make polyester compounds. Propylene glycol is used by the chemical, food, and pharmaceutical industries as an antifreeze when leakage might lead to contact with food. Propylene Glycol is a solvent for food colors and flavors and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.

Sample copy of Study Report for Overview of Global Market is Available@ https://www.blueweaveconsulting.com/global-propylene-glycol-market-bwc19104/#ReportSample

The growing demand for Propylene Glycol in the food processing industry and pharmaceuticals Industry are vital factors expected to encourage the growth of the global Propylene Glycol market in the upcoming period. In addition, growing trends towards the application of polypropylene in the automotive industry to reduce the weight of the vehicle for increasing fuel efficiency are other factors estimated to accelerate the growth of the market in the next few years. Moreover, application of Propylene glycol (PG) to manufacture unsaturated polyester resins (UPRs), which is majorly consumed in in the construction, marine and transportation industries will also fuel the growth of Propylene Glycol market in the forecast period.  Furthermore, uses of propylene glycol in making unsaturated polyester resins that is reinforced with fiberglass which is used in building panels, bathroom components, fixtures , corrosion-resistant tanks, pipes ,ducts, boats, passenger cars, trucks  and  recreational vehicles and major appliances will contribute in the growth of Propylene Glycol market in upcoming periods.

Additionally, application of Propylene Glycol as an ingredient in engine coolants, deicing fluids, antifreeze and which are also helpful in making base fluid for aircraft deicing formulations and a coolant in the food industry will boom the global propylene glycol market. Uses of propylene glycol broad as a humectant in the pharmaceutical, cosmetic, animal food and tobacco industries will drive the Propylene Glycol market over the forecast period.

Propylene Glycol Source Type analysis

On the basis of Source type, the Propylene Glycol market has been segmented into petroleum based and bio-based. Petroleum-based segment dominates the global Propylene Glycol owing to the major application in transportation and building & construction industries.

The bio-based segment will be the fastest growing segment due to eco-friendly methods of manufacturing, reduced dependency on petrochemical feedstock, and reduced emission of the greenhouse gas.  Moreover, with time increased demand for bio-based methods and renewable products usages in various sectors will boost the bio-based propylene glycol market in the forecast period.

 Propylene Glycol Application Type analysis

On the basis of application, the global Propylene Glycol market has been segmented into food, pharmaceuticals & cosmetics, liquid detergents, unsaturated polyester resin, antifreeze & functional fluids, plasticizers, and others. By application type, Food, pharmaceuticals & cosmetics will lead the market due to increased health consciousness among consumers and improving standards of living coupled with disposables incomes. Moreover, consumer’s preference especially millennial for expensive cosmetic products and increased demand for propylene glycol based medicine will boost the ceramics industry in the forecast period. Unsaturated polyester resin will be the fastest growing market owing to reinforce with fiber glass, unsaturated polyester is helpful in making building panels, bathroom components, fixtures, and corrosion-resistant tanks, pipes and ducts. Liquid detergents market will drive by application of liquid detergents in the manufacturing of household liquid, dishwashing detergents, industrial soaps, and cleaning fluids. Antifreeze & functional fluids market will boom by use as an engine coolant in the automotive industry.

Propylene Glycol End-Use Industry Type analysis

On the basis of End-Use industry, the global Propylene Glycol market has been segmented into building & construction, food & beverage, transportation, pharmaceuticals & cosmetics, and others. Transportation industry will be leading industry due to the growing demand for application of propylene glycol in the engine coolants, aircraft wings, pleasure boats, and ships.  Moreover, growing sales of automobiles globally coupled with improving standards of living and increasing disposable income will boost the propylene market. Food & beverage market will influence by application of propylene glycol as a food additive. Pharmaceuticals & cosmetics will drive by use of propylene glycol as a humectant in Pharmaceuticals & cosmetics industry.

Regional analysis of Propylene Glycol market

On the basis of region, the Propylene Glycol market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific dominates the world Propylene Glycol market over the forecast period owing to the growing demand for Propylene Glycol owing to the rapid urbanization and changing living standards in economic growing countries such as India and China.  Moreover, a huge number of automotive manufacturing industry in this region is expected to augment the growth of the market in the forecast period.  North America is projected to grow by huge demand of propylene glycol in various industries such as building & construction, pharmaceutical, food & beverages, cosmetics & personal care, chemical, and aerospace.

Objective of the Study:

• To analyze and forecast market size of the world Propylene Glycol market, in terms useful & volume
• To examine the careful market segmentation and forecast the market size, in terms useful, on the premise of region by segmenting world Propylene Glycol market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East and geographical area.
• To outline, categorized and forecast the world Propylene Glycol on the premise of product kind and application.
• To examine competitive developments like expansions, technological advancement, services, and regulative framework within the world Propylene Glycol market.
• To pinpoint the drivers and challenges for world silicon carbide market
• To spot the profile of leading players, that area unit concerned within the producing and provide off Propylene Glycol globally.

Global Propylene Glycol Market Competitive Landscape

Companies ,such as , LyondellBasell , SABIC , Exxon Mobil Corporation, INEOS, Total S.A. , Formosa Plastics Group , China Petrochemical Corporation , LG Chem , The Dow Chemical Company (U.S.), BASF SE, Archer Daniels Midland Company , Global Bio-chem Technology Group Co., Ltd. , DuPont Tate & Lyle Bio Products Company LLC, Huntsman Corporation , SKC Co. Ltd. , Temix International S.R.L., Ineos Oxide  and Sumitomo Chemicals  are the key players in manufacturing of propylene glycol.

Key Target Audience:

• Market research and consulting firms
• Industry associations
• Raw material suppliers
• Global Propylene Glycol manufacturers
• Research organizations and consulting companies
• Global Propylene Glycol suppliers 
• Organizations, associations and alliances related to Propylene Glycol market
• Regulatory bodies

View Complete Table of Content Having Unique Analysis on Several Factors: https://www.blueweaveconsulting.com/global-propylene-glycol-market-bwc19104/#TOC

Scope of the Report

By Source Type

• petroleum based
• bio based
• Zirconia

By Application

• food, pharmaceuticals & cosmetics,
• liquid detergents,
• unsaturated polyester resin
• antifreeze & functional fluids
• plasticizers, and others

By End-Use Industry

• building & construction
• food & beverage
• transportation
• pharmaceuticals & cosmetics
• others

In addition, the report provides analysis of the Propylene Glycol market with respect to the following geographic segments:

• North America
• Europe
• Asia Pacific (APAC)
• LATAM
• MEA

Business Questions answer by the report

• How will the market drivers, restraints and opportunities affect the market dynamics?
• What will be the market size in terms of value and volume and market statistics with detailed classification
• Which segment dominates the market or region and one will be the fastest growing and why?
• A comprehensive survey of the competitive landscape and the market participant players
• Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

• With five additional company detail analysis.
• Additional country analysis.
• Detailed segment analysis.

View Complete Study Report on Global Propylene Glycol Market: https://www.blueweaveconsulting.com/global-propylene-glycol-market-bwc19104/#RD

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Propylene glycol PG is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic attracts water, has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely watersoluble.
Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration FDA has classified propylene glycol as an additive that is “generally recognized as safe” for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in firefighting training and in theatrical productions.
The regions of Europe, North America and Asia ex. China are the main consumption bases, while Europe holds 21.56% consumption share, North America holds 20.16%, and Asia ex. China holds 21.13% consumption share in 2015. They occupy 62.84% of the global consumption in total.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. There will be more new investments entering the field.

According to this study, over the next five years the Propylene Glycol PG market will register a 9.1% CAGR in terms of revenue, the global market size will reach US$ 6060 million by 2024, from US$ 3600 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Propylene Glycol PG business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Glycol PG market by product type, application, key manufacturers and key regions and countries.

This study considers the Propylene Glycol PG value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Industrial Grade
Food Grade
Pharmaceutical Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
UPR
PPG
Pharmaceuticals and Food
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Dow
Huntsman
DuPont Tate ? Lyle 
ADM
Polioles
Lyondell Basell Industries
Repsol
BASF
Oelon
Sumitomo Chemical
Asahi
ADEKA
SKC
Shell
Shandong Shida Shenghua Chemical
Tongling Jintai Chemical
CNOOC and Shell Petrochemicals
Hitech Spring Chemical
Daze Group
Shandong Depu Chemical

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Propylene Glycol PG consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Propylene Glycol PG market by identifying its various subsegments.
Focuses on the key global Propylene Glycol PG manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Propylene Glycol PG with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Propylene Glycol PG submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.