Propylene Glycol Market size was valued at US$ 4.32 Bn. in 2022 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.

Propylene Glycol Market Overview:

The Propylene Glycol Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Propylene Glycol Market , as well as the reasons for variations in the industry's growth in various locations.

Propylene Glycol Market Scope:

This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.

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Propylene Glycol Market Drivers:

Propylene glycol is widely used to improve the texture, taste, appearance, and shelf life of various processed foods. Significant increases in processed food consumption due to busy lifestyles, dietary changes, and increased labor force are some of the major drivers of market growth. However, the growth of the construction and transportation industry has led to an increase in demand for propylene glycol in a variety of industrial chemicals such as cutting fluids, automotive coolants, and hydraulics, and brake fluids. It is used as an active ingredient solubilizer and contributes to the growth of the market. Manufacturers in the industry are focusing on bio-based chemicals for the production of propylene glycol due to growing environmental problems that act as another growth factor. In addition, the prevalence of coronavirus disease (COVID19) has increased the need for propylene glycol in the production of hand sanitizers and surface disinfectants.

Propylene Glycol Market Segmentation:

 

by Source

Petroleum-based Propylene Glycol
Bio-based Propylene Glycol


by Application

Unsaturated Polyester Resin
Food, Pharmaceuticals & Cosmetics
Antifreeze & Functional Fluid
Liquid Detergents
Plasticizers
Others


by End User Industry

Transportation
Building & Construction
Pharmaceuticals & Cosmetics
Food & Beverage
Others

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Propylene Glycol Market Key Players :

The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Propylene Glycol Market are as follows:

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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Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Propylene Glycol Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Propylene Glycol Market :

Due to a break in operations, end-user sectors where Propylene Glycol Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Propylene Glycol Market manufacturers, affecting the development of the Propylene Glycol Market in 2020. End-user business demand for Propylene Glycol Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Propylene Glycol Market Report are:

  • Which segment had the largest share in the Propylene Glycol Market in 2021?
  • What is the competitive landscape of the Propylene Glycol Market ?
  • Which are the key drivers aiding the Propylene Glycol Market growth?
  • Which region has the maximum share in the Propylene Glycol Market ?
  • What will be the CAGR of the Propylene Glycol Market during the forecast period (2022-2027)?

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