Propylene Glycol Market Growth or Demand Increase For Decrease For What Contain :

Hydrating propylene oxide yields propylene glycol, a stable, sticky liquid that is hygroscopic. It can dissolve in some resins, dyes, and essential oils. It is colourless and miscible with water and certain organic solvents. Propylene glycol is a common ingredient in creams, lotions, serums, shampoos, and other personal care products as a moisturiser, emollient, preservative, and solvent. Additionally, it's utilised in the production of industrial solvents, paints and coatings, unsaturated polyester resins, non-ionic detergents, antifreeze, laminates, inks, adhesives, and detergents.

Propylene Glycol Cagr Estimation : 

The global Propylene Glycol Market was valued at US$ 4.51 billion in 2023 and is projected to grow to US$ 6.09 billion by 2030, at a CAGR of 4.4% during the forecast period.

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Propylene Glycol Market Segmentation : 

by Source
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol

According to Source, In the global propylene glycol market, petroleum-based propylene glycol holds the leading position. Due to its growing use in the transportation and construction sectors, petroleum-based propylene glycol, which accounted for more than 50% of the market share, is anticipated to dominate the global market during the course of the projected period. Petroleum-based propylene is widely used as a mechanical fluid and lubricant in cars and other forms of transportation, but there aren't enough producers of petroleum and petrochemicals to meet the world's demand.

by Application
Unsaturated Polyester Resin
Food, Pharmaceuticals & Cosmetics
Antifreeze & Functional Fluid
Liquid Detergents
Plasticizers
Others

By Application, the worldwide propylene glycol market is dominated by unsaturated polyester resins, which are predicted to rise at a CAGR of 3.7% over the course of the forecast period. Antifreeze, functional liquids, and medicines are the next most popular applications for this market. Propylene glycol is driving the growth of the unsaturated polyester resin market in emerging regions due to the rising construction industry and growing investment in infrastructure development.

by End User Industry
Transportation
Building & Construction
Pharmaceuticals & Cosmetics
Food & Beverage
Others

With more than 35% of the global market, the transportation end-user industry dominates the global propylene glycol market. The expansion of polypropylene glycol consumption in the transportation segment can be attributed to advancements in the vehicle and transportation industries, as well as the widespread use of polypropylene in deicing fluid, coolant, hydraulic and brake fluid. Over the course of the projected period, the Segment is anticipated to increase at a CAGR of 5.6%.

Propylene Glycol Market Overview : 

Propylene Glycol, a versatile, hygroscopic liquid derived from propylene oxide, finds extensive use across various industries including personal care products, food processing, pharmaceuticals, and industrial applications such as automotive coolants and hydraulic fluids. It serves as a moisturizer, solvent, and emollient in personal care products and as an essential ingredient in food products, antifreeze, and functional fluids.

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Propylene Glycol Market Growth or Demand in Which regions ??

Germany leads the European market for white goods, driven by robust manufacturing capabilities, technological advancements, and high consumer demand. Other key markets include the U.K., France, Italy, and Spain, each contributing to regional growth through varying consumer preferences and economic conditions.

Propylene Glycol Market Scope and Methodology : 

Key drivers include the increasing consumption of processed foods, growth in the construction and transportation sectors, and rising demand for bio-based propylene glycol due to environmental concerns. The COVID-19 pandemic has further amplified demand for propylene glycol in the production of sanitizers and disinfectants.

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Propylene Glycol Market Key Players : 

1. Archer Daniels Midland Company
2. BASF SE
3. The DOW Chemical Company
4. Global Bio-Chem Technology Group Co., Ltd.
5. LyondellBasell Industries N.V.
6. Huntsman Corporation
7. SKC Co., Ltd.
8. Royal Dutch Shell PLC.
9. Remix International S.R.L.
10.Dupont Tate & Lyle Bio Products Company, LLC
11.Ineos Oxide
12.Asahi Glass Co., Ltd.
13.Adeka Corporation
14.Manali Petrochemicals Limited
15.Qingdao Shida Chemical Co., Ltd.
16.Tongling Jintai Chemical Industrial Co., Ltd.
17.Dongying Hi-tech Spring Chemical Industrial Co., Ltd.
18.Shandong Depu Chemical Industry Science and Technology Co., Ltd
19.Chaoyang Chemicals, Inc.
20.Oleon Nv
21.Golden Dyechem
22.Haike Chemical Group
23.Helm AG
24.Oxide Belgium B.V.
25.Arrow Chemical Group Corp.
26.Trinternational, Inc.

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Key questions aswered in the  Propylene Glycol Market are : 

• What is Propylene Glycol Market ?
• What is the growth rate of the Propylene Glycol Market?
• Which are the factors expected to drive the Propylene Glycol market growth?
• What are the different segments of the Propylene Glycol Market?
• What growth strategies are the players considering to increase their presence in Propylene Glycol ?
• What are the upcoming industry applications and trends for the Propylene Glycol Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Propylene Glycol Market?
• What major challenges could the Propylene Glycol Market face in the future?
• What segments are covered in the Propylene Glycol Market?
• Who are the leading companies and what are their portfolios in Propylene Glycol Market?
• What segments are covered in the Propylene Glycol Market?
• Who are the key players in the Propylene Glycol market?

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