Global propylene glycol market expected to reach usd 5. Propylene glycol market global industry analysis, size. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. Mono propylene glycol market is segmented by grade. Propylene oxide market growth, trends, and forecasts. Propylene glycol is used as a solvent for intravenous, oral, and topical pharmaceutical preparations it is generally considered. For the market, this trend has been instrumental in improving profit margins of companies and also broadens their customer base without vying for a physical presence in foreign markets. Propylene glycol market research report segmented by source petroleum, biobased, by grade type industrial grade, food grade, pharma grade, by end. The global propylene glycol solvent market is segmented on the basis of type, application, and geography. Biobased propylene glycol market application and geography.
The product is not toxic in nature and is chemically neutral making it suitable choice for most of the personal and. The flourishing automotive and food and beverage industries are likely to drive the propylene glycol market globally in the future. Propylene glycol market price, trends, growth, report. The worldwide market for propylene glycol pg market is expected to grow at a cagr of roughly x. Global propylene glycol market in 2017, by enduse industry. This report categorizes the market based on manufacturers, regions, type and application. Global propylene glycol market is expected to rise to an estimated value of usd 2,382.
Propylene glycol market insights, trends industry report. Propylene glycol is a tasteless, colorless and an odorless liquid, which is also referred as pg with a chemical formula c. Conventionally, it is obtained from petroleum based feedstock for industrial scale production. Usa is the largest market propylene glycol supplier in the market with a net export surplus of 51 kmtyear as of 2016. It is manufactured by the hydration of propylene oxide. The market, based on product, has been classified into propylene glycol 1,2propanediol and ethylene glycol 1,2ethanediol. Fluids and coolants segment is the largest revenuegenerating segment due to biobased pgs physical properties such as high boiling point and low freeze point. The product is not toxic in nature and is chemically neutral making it suitable choice for most of the.
This is because the production of propylene glycol from the biobased source has less impact on the environment. The global propylene glycol pg market is segmented on the basis of type, application and geography. Propylene glycol market share, industry size, demand, growth. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. Pdf global and china propylene glycol ether industry. Propylene glycol market global industry analysis, size and. Propylene is a synthetic product obtained from the hydration of propylene oxide, which is derived from petroleum products. The propylene glycol price index depends on its primary feedstock, propylene and glycerine prices. X mn in 2019 and is projected to increase significantly at a cagr of x. Along with an indepth commentary on the key influencing factors, market statistics in terms of revenues, segmentwise data, regionwise data, and. Recent developments have uncovered a new technique for obtaining propylene glycol from corn starch. Global propylene glycol market segment outlook, market. Propylene glycol pg market research report global and country capacity, production, consumption, prices, trade.
The report on propylene glycol methyl ether acetate market offers indepth analysis on market trends, drivers, restraints, opportunities etc. Market share of global propylene glycol ether industry is dominated by companies like lyondellbasell industries holdings n. Propylene glycol market report market analysis trends. Global poly propylene glycol market demand is expected to witness a steady growth on account of its increasing usage in the production of polyester resins. Poly propylene glycol market to see extraordinary growth. Global propylene glycol market is expected to witness a steady growth on account of its increasing usage in the production of polyester resins.
On the basis of enduse industry, the global propylene glycol market is. It is a viscous, colorless liquid, which is nearly. Propylene glycol, c3h8o2 or hoch2chohch3, also called as 1,2 propanediol or propane1,2diol is colorless, odorless an organic compound. The report on propylene glycol pg market offers indepth analysis on market trends, drivers, restraints, opportunities etc. Global propylene glycol market 2020 to benefit players create powerful growth strategies and combine their position in the industry. Global propylene glycol solvent market is segmented, by product type, by application, and by region. The study elaborates factors of global poly propylene glycol market such as market opportunities, risk, benefit, opportunity loss and profit along with surveyed customer perspective with a view of. Poly propylene glycol industry 2018 market research report.
Other pertinent literature is also presented, but is described in less detail. Biobased propylene glycol application market is segmented into unsaturated polyester resins, fluids and coolants, detergents, food, pharmaceuticals and others. Propylene glycol market analysis global market share, growth, trends, forecast, global propylene glycol market outlook 20182027. The major factors driving the growth of market studied are the rising demand for polyether polyols for polyurethane production, and wideranging downstream applications of propylene glycol. Propylene glycol is hydroscopic liquid which is produced by reacting propylene oxide with water. The rise in the market value can be attributed to the growing demand from asiapacific region and ecofriendly production. The worldwide market for propylene glycol will reach usd in 2023, from usd in 2017, according to a new. The atsdr toxicological profile succinctly characterizes the toxicologic and adverse health effects information for the hazardous substance described here. Global propylene glycol ether market 2020, forecast to. An important factor is the influence of cold weather that would drive demand for pg in aircraft. Propylene glycol industry 2018 global market growth, size. Propanediol is widely used in the manufacturing of polyester compounds and as a solvent, the chemical is used for food coloring, flavoring, paint.
The global mono propylene glycol market is anticipated to grow at a cagr of 4. Global propylene glycol methyl ether acetate market. Global propylene glycol market 20182022 markets insider. Biobased propylene glycol market is predicted to grow at a moderate cagr over the forecast period. Propylene glycol, also known as 1,2propanediol, is a multifunctional chemical used in several industrial fields, pharmaceuticals, food and cosmetics. These products cater to a diverse range of application sectors. Propylene glycol market advisory services propylene glycol pg is a clear, colorless liquid with the consistency of syrup. Raw material is the largest driver of propylene glycol cost. The report on propylene glycol market offers indepth analysis of market trends, drivers, restraints, opportunities etc. It is a colorless, odorless, slightly syrupy liquid that is a bit thicker than water. Our report deepdives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. Propylene glycol market trends global industry share. Global industry analysis and opportunity assessment 2014 2020. Global and china propylene glycol ether industry 20 market research report the report firstly introduced propylene glycol ether basic information included.
Global 1,2propylene glycol market segment outlook, market. Global propylene glycol pg market insights, forecast to 2026. Information on important neverending strategies adopted by key. 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. The propylene glycol market report is an appropriate compilation of all necessary data for the residential, industrial. Pdf global and china propylene glycol ether industry 20. Propylene glycol market analysis 2020 growth challenges. The propylene glycol market size is projected to reach usd 4. Propylene glycol is an organic compound with a chemical formula c3h8o2. Propylene glycol market overview and product scope over 2019 2025. Global propylene glycol solvent market segment outlook. Propylene glycol market research report segmented by source petroleum, bio based, by grade type industrial grade, food grade, pharma grade, by end. Propylene glycol market global forecast to 2024 marketsandmarkets.
Propylene glycol market overview and product scope over. The global propylene glycol market is being driven by the growth of the market in the asia pacific region, which accounts for more than 40% of global consumption of the product. Press release global propylene glycol ether market 2020, forecast to 2026 research report published by published. Grand views market research study takes a closer look at the biobased propylene glycol industry, providing a holistic perspective on market dynamics, trends, supply and demand.
The propylene glycol market in apac is expected to witness the highest cagr between 2019 and 2024. Propylene oxide market size, share, industry research. It is labeled an organic compound in chemistry due to its carbon attributes. On the basis of the source, the global propylene glycol market is segmented into petroleumbased and biobased. The market for biobased propylene glycol is expected to grow at the highest cagr from 2019 to 2024. Propylene glycol is a synthetic food additive that belongs to the same chemical group as alcohol.
Propylene glycol market research report forecast to 2023. Stable economic growth in the region, coupled with rising disposable income, is driving the market. Biobased propylene glycol market by type, by application. Propylene glycol 1, 2propanediol is an organic compound a diol alcohol, usually a tasteless, odorless, and colorless clear oily liquid that is hygroscopic and miscible with water, acetone, and chloroform. The propylene oxide market is expected to grow at a cagr of less than 6% during the forecast period. O it is highly soluble, has a high boiling point, less toxic and stable. This global propylene glycol market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Propylene glycol market global industry trends and forecast to. The global propylene glycol market is segmented by source, grade, enduse industry, and region. Propylene glycol market share, industry size, demand. Global propylene glycol market by source petroleumbased, biobased. The global propylene glycol market is valued at xx million usd in 2017 and is expected to reach xx million usd by the end of 2023, growing at.