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Propylene Glycol Market - Forecast (2020 - 2025)

  • ID: 4425343
  • Report
  • March 2020
  • Region: Global
  • 114 pages
  • IndustryARC
1 of 4

FEATURED COMPANIES

  • Arch Chemicals
  • BASF AG
  • Huntsman
  • Lyondell Chemical Co
  • Repsol YPF
  • Royal Dutch Shell PLC.
  • MORE
Global Propylene Glycol Market Overview:

Propylene glycol, also identified as propane 1, 2-diol according to International Union of Pure and Applied Chemistry nomenclature, is a synthetic organic compound. It is produced from petroleum products as well as it is bio-based and equipped with certain peculiar traits such as outstanding stability, high flash and boiling point, as well as low vapor pressure and broad solvency. Owing to such characteristics it has found tremendous scope of industrial application to craft products such as unsaturated polyester resin, coolants and antifreeze, hydraulic and brake fluid, aircraft deicing fluid, and paints and coatings. The analyst in this research report has stated the global propylene market size to be valued at around $3655 million as of 2020 and is estimated to be growing at a CAGR of around3.9% during the forecast period of 2020-2025.

Global Propylene Glycol Market Outlook:

Propylene Glycol is segmented into two grades mainly industrial and pharmaceuticals. Owing to such deliverance of variants it catches wide applications in countless end-use industries with construction and infrastructure, automotive, aerospace, chemical, household, packaging, food & beverages, pharmaceutical, cosmetics and personal care being the major arcades effecting the global propylene glycol market demand.

After an acute analysis of the regional market outlook, APAC region is reckoned to be dominating the global propylene glycol market size by encapsulating more than 32% of the global demand under its own territory. Such dominance can be attributed to the epidemic growth of the Indian and Chinese automotive, construction, F&B, and pharmaceutical sectors catering to nearly half of the global population hosted by these two economies. As per the Open Government Data Platform India latest data records, the total vehicle population in India 2020 was 210 million and the sector is rapidly expanding (5.83%, 2020, OICA), thus the automotive sector being a major employer of propylene glycol as coolants and antifreeze and hydraulic and brake fluid is all set to stroke the market with abundant demand.

Global construction market is forecast to grow by $8 trillion by 2030 driven by China, US and India. Unsaturated polyester resins derived from propylene glycol are reinforced with fiber glass to form fiber glass reinforced plastics (FRPs), which has found tremendous employment in crafting building panels, bathroom components, fixtures and corrosion-resistant tanks, pipes, electrical components, paints and ducts in the building and construction sector. Due such extensive scope of application, building and construction sector is leading the application segment and is forecast to grow at a CAGR of around 3.9% going through 2025.

Global Propylene Glycol Market Growth Drivers and Trends:

Deicing and anti-icing fluids performs a vital operation in providing safe, uninterrupted and timely air travel during extreme winter conditions. Federal Aviation Administration “Clean Aircraft Concept,” outlaws takeoff with ice contamination on critical surfaces of an airplane. Thus the replacement of ethylene glycol by propylene glycol as the base fluid for aircraft deicing formulations is driving the market towards abundant opportunities of application. Furthermore, cumulative amount of space exploration agendas amalgamated with the ultimatum for high quality antifreeze & coolant is estimated to raise the demand for bio based propylene glycol

According to a 2020 report by Forbes, the top 25 companies in the F&B sector generated $741.2 billion in revenue in 2016 and $86 billion in profit.  Another considerable data from Committee for Economic Development states that the food sector accounts for about 5 percent of US GDP and 10 percent of US consumers disposable personal income (DPI).  Now owing to the trend of convenience packaged food for longer shelf life, the employment of propylene glycol as food additives is driving the market and is all set to divert a hefty revenue from the flourishing F&B sector into its own returns pocket.

Global Propylene Glycol Market Challenges:

Health problems concerning to propylene glycol is the major challenge encountered by propylene glycol manufacturers. There are several health distresses accompanying propylene glycol that can adversely affect the market growth. However, FDA classifies propylene glycol as an additive that is generally recognized as safe for use in food. Similarly, WHO has specified that the acceptable daily intake of propylene glycol as a food additive should exceed more than 25 mg/ Kilogram of weight.

Propylene Glycol Market

Global Propylene Glycol Market Players Perspective:

Some of the key players profiled in this business intelligence report are The Dow Chemical Company, LyondellBasell Industries N.V., BASF SE, Archer Daniels Midland Company, Global Bio-chem Technology Group Co., Ltd., DuPont Tate & Lyle Bio Products Company, LLC, Huntsman Corporation and SKC Co., Ltd.

The Dow Chemical Company is a significant producer of propylene glycols since 1948. It offers industrial PG grades for industrial applications and specialty PG grades for the employment in subtle and sensitive applications such as pharmaceuticals, F&B, personal care or animal fodder. This flexibility combined with quality control in manufacture, an extensive delivery network and committed client service make propylene glycols from Dow broadly acknowledged and favored by industries.

Global Propylene Glycol Market Research Scope:

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Global Propylene Glycol Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of grades in the Global Propylene Glycol Market, and their specific applications in different phases of operations.

Global Propylene Glycol Market Report: Industry Coverage

  • By Source: Bio based and Petroleum based
  • By End User: Transportation, Building and Construction, and Others
  • By Application: Unsaturated Polyester Resins, Food, Pharma, Cosmetics and Others

The Global Propylene Glycol Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Arch Chemicals
  • BASF AG
  • Huntsman
  • Lyondell Chemical Co
  • Repsol YPF
  • Royal Dutch Shell PLC.
  • MORE
1. Propylene Glycol Market – Market Overview
1.1. Definitions and Scope

2. Propylene Glycol Market - Executive Summary
2.1. Market Revenue, Market Size and Key Trends By Company
2.2. Key Trends By Type of Application
2.3. Key Trends Segmented By Geography

3. Propylene Glycol Market – Comparative Analysis
3.1. Comparative Analysis
3.1.1. Product Benchmarking – Top 10 Companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value Split By Top 10 Companies
3.1.4. Patent Analysis – Top 10 Companies
3.1.5. Pricing Analysis

4. Propylene Glycol Market – Startup Companies Scenario
4.1. Top 10 Startup Company Analysis By
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario

5. Propylene Glycol Market – Startup Companies Scenario
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies

6. Propylene Glycol Market – Market Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porters Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Power of Customers
6.4.3. Threat of New entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitution

7. Propylene Glycol Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Pricing Analysis
7.3. Opportunities Analysis
7.4. Product/Market Life Cycle Analysis
7.5. Suppliers and Distributors

8. Propylene Glycol Market – By Application (Market Size - $Million/$Billion)
8.1. Market Size and Market Share Analysis
8.2. Application Revenue and Trend Research
8.3. Application Segment Analysis
8.3.1. Introduction
8.3.2. Unsaturated Polyester Resins
8.3.3. Anti-Freeze and Functional Fluids
8.3.4. Food, Pharma, and Cosmetics
8.3.5. Liquid Detergents
8.3.6. Others

9. Propylene Glycol Market – By Source (Market Size - $Million/$Billion)
9.1. Market Size and Market Share Analysis
9.2. Application Revenue and Trend Research
9.3. Source Segment Analysis
9.3.1. Introduction
9.3.2. Bio Based
9.3.3. Petroleum Based
9.3.4. Others

10. Propylene Glycol Market – By End User (Market Size - $Million/$Billion)
10.1. Market Size and Market Share Analysis
10.2. Application Revenue and Trend Research
10.3. End User Segment Analysis
10.3.1. Introduction
10.3.2. Transportation
10.3.3. Building and Construction
10.3.4. Pharmaceuticals and Cosmetics
10.3.5. Food and Beverages
10.3.6. Others

11. Propylene Glycol Market – By Geography (Market Size - $Million/$Billion)
11.1. Propylene Glycol Market – North America Segment Research
11.2. North America Market Research ($Million/$Billion)
11.2.1. Segment Type Size and Market Size Analysis
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Product Analysis
11.2.4. North America Product Type and Application Market Size
11.2.4.1. U.S.
11.2.4.2. Canada
11.2.4.3. Mexico
11.3. Propylene Glycol Market – South America Segment Research
11.4. South America Market Research ($Million/$Billion)
11.4.1. Segment Type Size and Market Size Analysis
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Product Analysis
11.4.4. South America Product Type and Application Market Size
11.4.4.1. Brazil
11.4.4.2. Argentina
11.4.4.3. Ecuador
11.4.4.4. Peru
11.4.4.5. Colombia
11.4.4.6. Rest of South America
11.5. Propylene Glycol Market – Europe Segment Research
11.6. Europe Market Research ($Million/$Billion)
11.6.1. Segment Type Size and Market Size Analysis
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Product Analysis
11.6.4. Europe Product Type and Application Market Size
11.6.4.1. Germany
11.6.4.2. France
11.6.4.3. Italy
11.6.4.4. Spain
11.6.4.5. Russia
11.6.4.6. U.K.
11.6.4.7. Rest of Europe
11.7. Propylene Glycol Market – Asia-Pacific Segment Research
11.8. Asia-Pacific Market Research ($Million/$Billion)
11.8.1. Segment Type Size and Market Size Analysis
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Product Analysis
11.8.4. Asia-Pacific Product Type and Application Market Size
11.8.4.1. China
11.8.4.2. India
11.8.4.3. Japan
11.8.4.4. South Korea
11.8.4.5. Rest of Asia-Pacific
11.9. Propylene Glycol Market – Rest of the World Segment Research
11.10. Rest of the World Market Research ($Million/$Billion)
11.10.1. Segment Type Size and Market Size Analysis
11.10.2. Revenue and Trends
11.10.3. Application Revenue and Product Analysis
11.10.4. Rest of the World Product Type and Application Market Size
11.10.4.1. Middle East
11.10.4.2. Africa

12. Propylene Glycol Market - Market Entropy
12.1. New Product Launches
12.2. M&As, Collaborations, JVs, Partnerships

13. Propylene Glycol Market – Market Share
13.1. Market Share Analysis
13.1.1. Market Share By Country – Top Companies
13.1.2. Market Share By Region – Top 10 Companies
13.1.3. Market Share By Type of Application – Top 10 Companies
13.1.4. Market Share By Type of Product / Product Category – Top 10 Companies
13.1.5. Market Share at Global Level – Top 10 Companies
13.1.6. Best Practices for Companies

14. Propylene Glycol Market – Key Company List By Country

15. Propylene Glycol Market – Company Analysis
15.1. Market Share, Company Revenue, Products, M&A, Developments
15.2. BASF SE
15.3. Huntsman International LLC
15.4. LyondellBasell
15.5. DowDuPont
15.6. Royal Dutch Shell
15.7. Archer Daniels Midland Company
15.8. Ineos Oxide
15.9. Global Biochem Technology Group
15.10. Repsol
15.11. Sinopec
15.12. Others

16. Propylene Glycol Market - Appendix
16.1. Abbreviations
16.2. Sources

17. Propylene Glycol Market – Research Methodology
17.1. Research Methodology
17.1.1. Company Expert
17.1.2. Industry Database
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product Database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trend
Note: Product cover images may vary from those shown
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  • Arch Chemicals
  • Lyondell Chemical Co
  • SKC Chemicals Group
  • The Dow Chemical Company
  • BASF AG
  • Huntsman
  • Repsol YPF
  • Global Bio-Chem Technology Group Co., Ltd.
  • Royal Dutch Shell PLC.
  • Temix International S.R.L.
Note: Product cover images may vary from those shown
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