Reports
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Global Propylene Glycol Market: By Application: Unsaturated Polyester Resins, Functional Fluids, Food, Drug, and Cosmetics, Liquid Detergent, Paints and Coating, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Price Analysis; Competitive Landscape; Industry Events and Developments
Global Propylene Glycol Market Outlook
The global propylene glycol market demand reached a volume of around 2.72 million metric tons in 2020. The demand is projected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.4%.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market demand is expected to reach an estimated volume of 3.5 million metric tons by 2026. The demand is driven by the growing personal and household care industries in almost all the regions like the Asia Pacific, North America, and Europe, among others. The demand growth in these markets is also supporting the growth of the propylene glycol market.
The Asia Pacific region is a significant consumer market, accounting for more than 40% of global consumption. China is the primary consumer market within the region. The Asia Pacific region is also a leading supply market and is the net exporter of the product. However, if the intra trade to regions like Thailand, Korea, China, and Singapore is excluded, then the Asia Pacific becomes a net importer of propylene glycol. The region is likely to increase its imports from the United States and the Middle East in the coming years due to planned capacity reduction in the forecast period. North America is a major exporter to the Asia Pacific due to the rising demand for unsaturated polyester resins in the region. The United States is the leading exporter in North America, with most of its exports of propylene glycol being bound towards the Republic of Korea, China, and Brazil.
Europe is a significant market for the product, with Germany being the major exporting country within the region. The demand is rising within the region due to the growing demand for functional fluids. The region is also witnessing an increasing import demand for industrial grade propylene glycol (PGI). The demand for PGI increases sharply during winters, owing to the demand from de-icing and anti-freeze segments. Europe also exports to China and the Republic of Korea, where the demand is growing rapidly.
Properties and Applications
Propylene glycol, having the IUPAC name: propane-1,2-diol, refers to an organic compound having the chemical formula CH3CH(OH)CH2OH. It is a viscous, transparent liquid that is almost odourless but has a slightly sweet flavour to it. It contains two classes of alcohol, which are referred to as diols. It can be mixed with a wide range of solvents, including water, acetone, as well as chloroform. Glycols are generally non-irritating, have a very low volatility, and have a very low toxicity.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Propylene glycol finds wide applications in the following segments:
- Unsaturated Polyester Resins
- Functional Fluids
- Food, Drug, and Cosmetics
- Liquid Detergent
- Paints and Coating
- Others
The EMR report also covers the regional propylene glycol markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
The propylene glycol market is being driven by the growing demand for unsaturated polyester resins, which are used as reinforced plastic or fibreglass composite in transportation, construction, automobiles, and marine industries. All these markets are rapidly growing and, thus, aiding the propylene glycol market growth.
The major demand driving sectors in Europe during summers are the transportation and construction industry. The demand for the product is being driven by its usage in the food and cosmetics industry during winters. It is also extensively being used as a de-icing and anti-freezing agent in various industries. The Asia Pacific region is expected to witness an increase in demand growth. This is due to the thriving automobiles, construction, and pharmaceutical industries in the region. These industries are significantly aided by the rising disposable income of the consumers in the region.
Propylene glycol is used in household care products. The demand from liquid detergent, coatings, and paints sectors is propelling the market growth for the product further. The demand for the product is also affected by the season. During winters, the market witnesses significant demand growth for its use as an anti-freezing agent. This demand majorly comes from the airline industry.
The demand for glycerine-based or bio-based propylene glycol is rising rapidly among the pharmaceutical and consumer packaged goods companies, as it is less-toxic as well as has fewer side-effects. Thus, its demand is likely to grow much faster than regular propylene glycol.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global propylene glycol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dow Inc.
- BASF SE
- Shell Chemicals
- Repsol S.A.
- Archer Daniels Midland Company
- LyondellBasell Industries Holdings B.V.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Unsaturated Polyester Resins, Functional Fluids, Food, Drug, and Cosmetics, Liquid Detergent, Paints and Coating, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Dow Inc., BASF SE, Shell Chemicals, Repsol S.A., Archer Daniels Midland Company, LyondellBasell Industries Holdings B.V., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Propylene Glycol Market Analysis
8.1 Key Industry Highlights
8.2 Global Propylene Glycol Historical Market (2017-2021)
8.3 Global Propylene Glycol Market Forecast (2022-2027)
8.4 Global Propylene Glycol Market by Application
8.4.1 Unsaturated Polyester Resins
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Functional Fluids
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Food, Drug, and Cosmetics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Liquid Detergent
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Paints and Coating
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Propylene Glycol Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 290532)
12.1 Major Importing Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Exporting Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Dow Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 BASF SE
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Shell Chemicals
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Repsol S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Archer Daniels Midland Company
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 LyondellBasell Industries Holdings B.V.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Procurement Strategy
1.1 Contract Terms
1.2 Buying and Sourcing Trends
1.3 Storage and Warehousing
1.4 Certifications and Regulations
1.3 Risk Factors
2 Manufacturing Process
2.1 Overview
2.2 Detailed Process Flow
2.3 Operation Involved
3 Project Requirement and Cost Analysis
3.1 Land, Location and Site Development
3.2 Construction
3.3 Plant Machinery
3.4 Cost of Raw Material
3.5 Packaging
3.6 Transportation
3.7 Utilities
3.8 Manpower
3.9 Other Capital Investment
List of Figures and Tables
1. Global Propylene Glycol Market: Key Industry Highlights, 2016 and 2026
2. Global Propylene Glycol Historical Market: Breakup by Application (Million Metric Tons), 2017-2021
3. Global Propylene Glycol Market Forecast: Breakup by Application (Million Metric Tons), 2022-2027
4. Global Propylene Glycol Historical Market: Breakup by Region (Million Metric Tons), 2017-2021
5. Global Propylene Glycol Market Forecast: Breakup by Region (Million Metric Tons), 2022-2027
6. North America Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
7. North America Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
8. Europe Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
9. Europe Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
10. Asia Pacific Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
11. Asia Pacific Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
12. Latin America Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
13. Latin America Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
14. Middle East and Africa Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
15. Middle East and Africa Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. North America Historical Price Trends and Forecast 2017-2027
21. Europe Historical Price Trends and Forecast 2017-2027
22. Asia Pacific Historical Price Trends and Forecast 2017-2027
23. Latin America Historical Price Trends and Forecast 2017-2027
24. Middle East and Africa Historical Price Trends and Forecast 2017-2027
25. Global Propylene Glycol Market Structure
Key Questions Answered in the Report
In 2020, the global propylene glycol market attained a volume of around 2.72 million metric tons.
The market is projected to grow at a CAGR of 4.4% between 2022 and 2027.
The major drivers of the market includes its application in various industries like transportation and construction, food and cosmetics, thriving automobiles, construction, and pharmaceutical industries, rising disposable income, growing demand for functional fluids, and increasing import demand for industrial grade propylene glycol.
The growing personal and household care industries and the growing demand for unsaturated polyester resins are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.
Unsaturated polyester resins, functional fluids, food, drug, and cosmetics, liquid detergent, and paints and coating, among others are the leading application segments.
The major players in the industry are Dow Inc., BASF SE, Shell Chemicals, Repsol S.A., Archer Daniels Midland Company, and LyondellBasell Industries Holdings B.V., among others.
Analyst Review
The global propylene glycol market attained a volume of around 2.72 million metric tons in 2020, driven by the high demand for unsaturated polyester resins, which are employed in transportation, building, vehicles, and the maritime industries. Aided by the growing demand for functional fluids and growing personal and household care industries, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the global propylene glycol industry can be segmented into unsaturated polyester resins, functional fluids, food, drug, and cosmetics, liquid detergent, and paints and coating, among others. The major regional markets for the global propylene glycol industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Dow Inc., BASF SE, Shell Chemicals, Repsol S.A., Archer Daniels Midland Company, and LyondellBasell Industries Holdings B.V., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateFive User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global absolute ethanol market is being driven by the rising applications of the product in the medical sector. Aided by the increasing demand for clean burning fuels, the market is expected to wi...
The global cyclohexanone market attained a value of nearly USD 7.73 billion in 2020, driven by the growing demand for adipic acid. Aided by the growing demand for flexible packaging in the pharmaceuti...
The global cerium oxide nanoparticles market attained a value of USD 0.5 billion in 2020, driven by increased demand for cerium oxide nanoparticles in the pharmaceutical industry. Aided by the rising ...
The global maleic anhydride market attained a value of about USD 2.93 billion in 2020, driven by the rising demand for unsaturated polyester resins. Aided by the growing applications in personal care ...
The global phosphate ester market reached a value of nearly USD 1.02 billion in 2020. The market is further expected to grow at a CAGR of 6% in the forecast period of 2022-2027.
NEWSLETTER