Propylene Glycol Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global propylene glycol market grew at a CAGR of around 5% during 2014-2019. Propylene glycol (C₃H₈O₂) is a viscous, stable and hygroscopic liquid manufactured via the hydration of propylene oxide. It is colorless, miscible with water and several organic solvents, and can dissolve in several resins, dyes and essential oils. It is utilized as a humectant, preservative, solvent and emollient in a wide range of personal care products, such as creams, lotions, serums and shampoos. Besides this, it is also used in the production of inks, adhesives, cleaners, antifreeze, laminates, engine coolants, industrial solvents, chemical intermediates, unsaturated polyester resins (UPR), non-ionic detergents, and paints and coatings.

Propylene glycol is extensively used to improve the texture, flavor, appearance and shelf life of various processed food products. A significant rise in the consumption of processed foods, on account of hectic lifestyles, changing dietary patterns and the growing working population, represents one of the key factors stimulating the market growth. Apart from this, the growth in the construction and transportation industry is further leading to the increasing demand of propylene glycol in various industrial chemicals such as deicing fluids, automotive coolants, hydraulic & brake fluids etc. The growing pharmaceutical industry, wherein propylene glycol is used as a drug solubilizer, is also contributing to the market growth. The manufacturers in the industry are focusing on bio-based chemicals for producing propylene glycol due to growing environmental concerns, which is acting as another growth-inducing factor. Additionally, on account of the spread of the coronavirus disease (COVID-19), there is an increase in the demand for propylene glycol in the manufacturing of hand sanitizers and surface disinfectants. Looking forward, IMARC Group expects the global propylene glycol market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global propylene glycol market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, source, application and end use industry.

Breakup by Source:

Petroleum-based
Bio-based

Breakup by Application:

Unsaturated Polyester Resins
Antifreeze and Functional Fluids
Food, Drug, and Cosmetics
Liquid Detergent
Paints and Coatings
Others

Breakup by End Use Industry:

Transportation
Building and Construction
Food and Beverage
Pharmaceuticals
Cosmetics and Personal Care
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Archer-Daniels-Midland Company, BASF SE, Dupont, Tate & Lyle Bio Products Company LLC, Global Bio-chem Technology Group Company Limited, Huntsman Corporation, Ineos Chemicals, LyondellBasell Industries N.V., SHELL Petroleum N.V. (Royal Dutch Shell), SK Chemicals Co. Ltd., Sumitomo Chemical Co. Ltd. and The Dow Chemical Company (Dow Inc.)

Key Questions Answered in This Report:

How has the global propylene glycol market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global propylene glycol market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global propylene glycol market and who are the key players?
What is the degree of competition in the industry?