Global In-Depth Analysis on “Propylene Glycol Market” Survey, Industry Growth Factors, Trends and Forecast to 2024
The Global
Propylene Glycol Market accounted for USD 3.49 billion in 2016 and is projected
to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The
upcoming market report contains data for historic years 2014, 2015, the base
year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Propylene Glycol Market by Source (Petroleum-Based, Bio-Based)
Application (Antifreeze & Functional Fluids, Unsaturated Polyester Resin,
Food, Pharmaceuticals & Cosmetics, Plasticizers, Liquid Detergents) End use
(Building & Construction– Industry Trends and Forecast to 2024
Market Definition: Global Propylene Glycol Market
Propylene
glycol is a colorless, odorless and a tasteless liquid, also referred as PG
with a chemical formula C₃H₈O₂. It is less toxic, stable, highly soluble and
has a high boiling point. It is mostly used in cosmetic products, processed
foods, medication, electronic cigarettes, hydraulic fluids, plasticizer and
many more.
Complete report on Global Propylene Glycol Market Research
Report 2017-2024 spread across 350 Pages, profiling Top companies and supports
with tables and figures
Key Questions Answered in Global Propylene Glycol Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis
by Type of Global Propylene Glycol Market in 2024?
• What are the key factors driving, Analysis by Applications
and Countries Global Propylene Glycol Market?
• What are Dynamics, This Overview Includes Analysis of
Scope, and price analysis of top Vendors Profiles of Global Propylene Glycol
Market?
• Who are Opportunities, Risk and Driving Force of Global
Propylene Glycol Market?
• Who are the opportunities and threats faced by the
vendors in Global Propylene Glycol Market? Business Overview by Type,
Applications, Gross Margin and Market Share
• What are the Global Propylene Glycol Market opportunities,
market risk and market overview of the Market?
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Top Key
Players:
·
BASF SE
·
The DOW Chemical
Company
·
LyondellBasell
Industries Holdings B.V.
·
Archer Daniels Midland
Company
·
Huntsman Corporation
·
Global Bio-Chem
Technology Group Company Limited
·
Dupont Tate & Lyle
Bio Products LLC
·
SKC Co., Ltd.
·
Asahi Glass Limited
·
HELM AG
·
Chaoyang Chemicals,
Inc.
·
Temix International
S.R.L.
·
Qingdao Shida Chemical
Co., Ltd.
·
ADEKA CORPORATION
·
Royal Dutch Shell PLC.
·
Golden Dyechem
·
TRInternational, Inc.
·
Oleon NV
·
Shandong Depu Chemical
Industry Science and Technology Co., Ltd
·
INEOS Oxide
·
among others.
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Major Market
Drivers
·
Environment friendly
process
·
Rising demand of
petroleum based and bio based
·
Growing demand in
emerging economies
Market
Restraint
·
High investment in
research and development activities
·
Demand switching to
petroleum based
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Market
Segmentations:
Global Propylene Glycol Market is segmented on the basis of
·
Source
·
Application
·
End Use
·
Geography
Market
Segmentations in Details:
On the basis of Source,
the global propylene glycol market is segmented into petroleum based and bio
based.
On the basis of Application,
the global propylene glycol market is segmented into antifreeze &
functional fluids, unsaturated polyester resin, food, pharmaceuticals & cosmetics,
plasticizers and liquid detergents.
On the basis of End
use, the global propylene glycol market is segmented into building &
construction, pharmaceuticals & cosmetics, transportation and food &
beverage.
On the basis of geography
·
North America
·
South America
·
Europe
·
Asia-Pacific
·
Middle East &
Africa
Competitive
Landscape: Global Propylene Glycol Market
The global propylene
glycol market is consolidated due to the presence of limited number of players
concentrated in few countries. These major players have adopted various organic
as well as inorganic growth strategies such as mergers & acquisitions, new
product launches, expansions, agreements, joint ventures, partnerships, and
others to strengthen their position in this market.
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