The following report provides forecast and analysis of the global propylene glycol market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Thousand Tons), according to a Fact.MR study.
The Demand analysis of Propylene Glycol Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Propylene Glycol Market across the globe.
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Global Propylene Glycol Market: In-Depth Assessment on Key Segments
The global propylene glycol market is segmented on the basis of source, type, end-use application, primary function and region.
|Type||Industrial GradeFood GradePharma Grade|
|End-Use||Chemical Intermediary (Unsaturated Polyester Resins, Functional Fluids & Antifreezes)Cosmetic and Personal Care ProductsConsumer Goods (Liquid Detergents)FoodPharmaceuticals|
|Primary Function||Emollients (Softener)SolventsStabilizing AgentsPreservative AgentsHumectants (Binding Agent)Excipients (Bulking Agent)Others|
|Region||North AmericaLatin AmericaEuropeEast AsiaSouth Asia & OceaniaMEA|
Prominent Propylene Glycol providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
- In October 2020, Dow and Evonik entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity.
- In August 2021, BASF and SINOPEC further expanded their Verbund site operated by BASF-YPC Co., Ltd. (BASF-YPC), a 50-50 joint venture of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical plants, including a new tert-butyl acrylate plant to support the growing Chinese market.