Propylene Glycol Market Size and Share | Statistics - 2030
Title: Propylene Glycol Market by Source (Petroleum-based PG, Bio-based PG), Grade (Industrial Grade, Pharmaceutical Grade, Other Applications) End-Use Industry (Transportation, Building & Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Others), and Region, Global trends and forecast from 2022 to 2029.
The global propylene glycol market is expected to grow at 5.1 % CAGR from 2024 to 2030. It is expected to reach above USD 6.0 billion by 2030 from USD 3.9 billion in 2023. Diverse applications in food, pharmaceuticals, cosmetics, and industrial sectors as a solvent, humectant, and coolant. Market demand is driven by its non-toxicity, stability, and sustainability attributes.
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Some of the key players profiled in the study are Dow Chemical Company, Lyondellbasell Industries N.V., Archer Daniels Midland Company (Adm), BASF Se, Huntsman Corporation, Global Bio-Chem Technology Group Co., Ltd., SKC Co., Ltd., Dupont Tate & Lyle Bio Products, Llc, Royal Dutch Shell Plc., Temix Oleo S.R.L., INEOS . and other Prominent players.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Propylene Glycol market
Propylene Glycol Market by Source, 2020-2029, (USD Billion), (Kilotons)
Petroleum-based PG
Bio-based PG
Propylene Glycol Market by Grade, 2020-2029, (USD Billion), (Kilotons)
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
Propylene Glycol Market by End-Use Industry, 2020-2029, (USD Billion), (Kilotons)
Transportation
Building & Construction
Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Others
Paints & Coatings
Consumer Goods
Electronics
Tobacco
Textile industry
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If opting for the Global version of Propylene Glycol Market; then the below country analysis would be included:
– North America (the USA, Canada, and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Important years considered in the Propylene Glycol study:
Historical year – 2018-2021;
Base year – 2023;
Forecast period** – 2024 to 2030 [** unless otherwise stated]
These responses will feature a comprehensive examination of the:
· The markets’ current infrastructures
· Market opportunities and challenges
· Future potential for growth in specific industries
· Major geographic and market segments to target, and end-user target groups and their potential operational volumes
· Representative and a value chain opportunity breakdown
· Market size and growth rate throughout the anticipated time frame.
· The market’s main driving forces
· Key market trends are impeding market expansion.
· Obstacles to market expansion.
· Market’s top merchants.
· Thorough SWOT analysis
· Threats and opportunities faced by the current vendors in the global market.
· Trending factors that affect the markets in the various regions.
· Initiatives with a strategic focus on the top vendors.
· PEST study of the five main market regions.
Reasons to Procure this Report:
1) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
2) The report provides Propylene Glycol market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
3) The research includes the Propylene Glycol market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
4) Propylene Glycol market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
5) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
6) The study helps evaluate Propylene Glycol business predictions by region, key countries, and top companies’ information to channel their investments.
The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Propylene Glycol.
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Customization services available with the report:
- Country level market for Propylene Glycol market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.
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