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 (2016-2026); 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 2021-2026, growing at a CAGR of 4.4%.

 

Global Propylene Glycol Market

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.

 

Global Propylene Glycol Market By Application

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.

 

Global Propylene Glycol Market By Region

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 Chemical Company
  • LyondellBasell Industries N.V.
  • INEOS Group
  • Shell Chemicals LP
  • BASF SE
  • SKC Chemicals Group
  • Sumitomo Chemical Co., Ltd
  • Archer Daniels Midland Company
  • Repsol S.A.

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.

*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
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Propylene Glycol Market Analysis
    6.1    Figure: Global Propylene Glycol Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Propylene Glycol Market Breakup by Application
        6.2.1    Unsaturated Polyester Resins
        6.2.2    Functional Fluids
        6.2.3    Food, Drug, and Cosmetics
        6.2.4    Liquid Detergent
        6.2.5    Paints and Coating
        6.2.6    Others
    6.3    Figure: Global Propylene Glycol Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Unsaturated Polyester Resins
        6.3.2    Functional Fluids
        6.3.3    Food, Drug, and Cosmetics
        6.3.4    Liquid Detergent
        6.3.5    Paints and Coating
        6.3.6    Others
    6.4    Chart: Global Propylene Glycol Market Breakup by Region
        6.4.1    North America
        6.4.2    Europe
        6.4.3    Asia Pacific
        6.4.4    Latin America
        6.4.5    Middle East and Africa
    6.5    Figure: Global Propylene Glycol Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    North America
        6.5.2    Europe
        6.5.3    Asia Pacific
        6.5.4    Latin America
        6.5.5    Middle East and Africa
7    Global Propylene Glycol Price Analysis
    7.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
8    Global (HS Code: 290532) Trade Analysis
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Cost Analysis 
    11.1    Raw Material Cost
    11.2    Utilities Cost
    11.3    Labor Cost
    11.4    Other Fixed Cost
12    Competitive Landscape & Supplier Analysis
    12.1    Dow Chemical Company
        12.1.1    Company Overview
        12.1.2    Financial Analysis
    12.2    LyondellBasell Industries N.V.
        12.2.1    Company Overview
        12.2.2    Financial Analysis
    12.3    INEOS Group
        12.3.1    Company Overview
        12.3.2    Financial Analysis
    12.4    Shell Chemicals LP
        12.4.1    Company Overview
        12.4.2    Financial Analysis
    12.5    BASF SE
        12.5.1    Company Overview
        12.5.2    Financial Analysis
    12.6    SKC Chemicals Group
        12.6.1    Company Overview
        12.6.2    Financial Analysis
    12.7    Sumitomo Chemical Co., Ltd
        12.7.1    Company Overview
        12.7.2    Financial Analysis
    12.8    Archer Daniels Midland Company
        12.8.1    Company Overview
        12.8.2    Financial Analysis
    12.9    Repsol S.A.
        12.9.1    Company Overview
        12.9.2    Financial Analysis
13    Industry Events and Developments

Additional Customisations Available:

14    Value Chain Analysis
15    Procurement Strategy

    15.1    Contract Terms
    15.2    Buying and Sourcing Trends
    15.3    Storage and Warehousing
    15.4    Certifications and Regulations
    15.5    Risk Factors
16    Manufacturing Process
17    Production Cost Analysis

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five 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

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
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





NEWSLETTER