Market Overview:
The global propylene glycol market is expected to grow at a CAGR of around 4% during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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 2021-2026. 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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Propylene Glycol Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Petroleum-based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Bio-based
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Unsaturated Polyester Resins
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Antifreeze and Functional Fluids
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Food, Drug, and Cosmetics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Liquid Detergent
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Paints and Coatings
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Building and Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pharmaceuticals
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Cosmetics and Personal Care
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Archer-Daniels-Midland Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Dupont Tate & Lyle Bio Products Company LLC
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Global Bio-chem Technology Group Company Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Huntsman Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Ineos Chemicals
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 LyondellBasell Industries N.V.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 SHELL Petroleum N.V. (Royal Dutch Shell)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 SK Chemicals Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Sumitomo Chemical Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 The Dow Chemical Company (Dow Inc.)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Propylene Glycol Market: Major Drivers and Challenges
Figure 2: Global: Propylene Glycol Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Propylene Glycol Market: Breakup by Source (in %), 2020
Figure 4: Global: Propylene Glycol Market: Breakup by Application (in %), 2020
Figure 5: Global: Propylene Glycol Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Propylene Glycol Market: Breakup by Region (in %), 2020
Figure 7: Global: Propylene Glycol Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Propylene Glycol (Petroleum-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Propylene Glycol (Petroleum-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Propylene Glycol (Bio-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Propylene Glycol (Bio-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Propylene Glycol (Unsaturated Polyester Resins) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Propylene Glycol (Unsaturated Polyester Resins) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Propylene Glycol (Antifreeze and Functional Fluids) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Propylene Glycol (Antifreeze and Functional Fluids) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Propylene Glycol (Food, Drug, and Cosmetics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Propylene Glycol (Food, Drug, and Cosmetics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Propylene Glycol (Liquid Detergent) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Propylene Glycol (Liquid Detergent) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Propylene Glycol (Paints and Coatings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Propylene Glycol (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Propylene Glycol (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Propylene Glycol (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Propylene Glycol (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Propylene Glycol (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Propylene Glycol (Building and Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Propylene Glycol (Building and Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Propylene Glycol (Food and Beverage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Propylene Glycol (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Propylene Glycol (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Propylene Glycol (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Propylene Glycol (Cosmetics and Personal Care) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Propylene Glycol (Cosmetics and Personal Care) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Propylene Glycol (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Propylene Glycol (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia Pacific: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia Pacific: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Propylene Glycol Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Propylene Glycol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Global: Propylene Glycol Industry: SWOT Analysis
Figure 85: Global: Propylene Glycol Industry: Value Chain Analysis
Figure 86: Global: Propylene Glycol Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Propylene Glycol Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Propylene Glycol Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 3: Global: Propylene Glycol Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Propylene Glycol Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Propylene Glycol Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Propylene Glycol Market: Competitive Structure
Table 7: Global: Propylene Glycol Market: Key Players