Materials & Packaging

Image

Global Propylene Glycol Market - Industry Trends and Forecast to 2030

  • Materials & Packaging
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Propylene Glycol Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4.29 Billion
Diagram Market Size (Forecast Year) USD 6.10 Billion
Diagram CAGR %

Global Propylene Glycol Market, By Source (Petroleum-Based Propylene Glycol, Bio-Based Propylene Glycol), Grade (Antifreeze and Functional Fluids, Unsaturated Polyester Resin, Food, Pharmaceuticals and Cosmetics, Plasticizers, Liquid Detergents) End User (Building and Construction, Pharmaceuticals and Cosmetics, Transportation, Food and Beverages) - Industry Trends and Forecast to 2030.

Propylene Glycol Market Analysis and Size

Propylene glycol is a synthetic liquid material which is easily absorbs water. Propylene glycol is used to make polyester composites and used as a base for de-icing solutions. It is also used by the pharmaceutical, chemical and food industries as an antifreeze when leakage might lead to contact with the food product. The Food and Drug Administration (FDA) has classified it as an additive generally recognized as safe” for use in the food industry. It is used to maintain moisture in certain cosmetics, medicines or food products and absorb extra water. Propylene glycol is also used to make artificial fog or smoke which is used in theatrical productions and fire-fighting training.

Data Bridge Market Research analyses that the global propylene glycol market which was USD 4.29 billion in 2022, is expected to reach USD 6.10 billion by 2030, and is expected to undergo a CAGR of 4.52% during the forecast period of 2023 to 2030. “Petroleum-Based Propylene Glycol” dominates the source segment of the global propylene glycol market due to established production infrastructure and cost advantages. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Propylene Glycol Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Source (Petroleum-Based Propylene Glycol, Bio-Based Propylene Glycol), Grade (Antifreeze and Functional Fluids, Unsaturated Polyester Resin, Food, Pharmaceuticals and Cosmetics, Plasticizers, Liquid Detergents) End User (Building and Construction, Pharmaceuticals and Cosmetics, Transportation, Food and Beverages)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Market Players Covered

Dow (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), ADM (U.S.), Global Bio-chem Technology Group Company Limited (China), DuPont Tate and Lyle Bio Products (U.S.), SKC (South Korea), Temix Oleo (Italy), INEOS Oxide (Switzerland), Huntsman International L.L.C (U.S.), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Manali Petrochemicals Limited (India), Haike Chemical Group Co., Ltd. (China), Arch Chemicals Inc (U.S.), Repsol (Spain), Midland Company (U.S.), Helm AG (Germany), Shell Plc (U.K.)

Market Opportunities

  • Increase in the number of emerging markets
  • Increasing number of product innovations

Market Definition

Propylene glycol is a viscous compound and it is colorless liquid with odorless but possesses a faintly sweet taste. Polypropylene glycol is a main constituent in the manufacture of polymers.  Propylene glycol are, 1,2-propanediol, methyl glycol, 1,2-dihydroxypropane and trimethyl glycol. Propylene glycol is, slightly syrupy liquid at room temperature. It may exist in air in the vapor form, although propylene glycol must be briskly shaken or heated to produce a vapor. Propylene glycol is practically tasteless and odorless.

Global Propylene Glycol Market Dynamics

Drivers

  • Usage in Transportation Industry

Propylene glycol is used in hydraulic fluids and fire-resistant brake as a coolant in the transportation sector for engine cooling, as a raw material for de-icing planes, and as a heat transfer fluid for high-temperature applications.

Opportunity

  • Potential in Application in Various Sectors such as Construction, Coatings, and Aviation

Growing demand for Unsaturated Polyester Resins (UPR) to production of fiberglass reinforced plastics (FRP) and surface coatings due to their outstanding corrosion resistance properties in construction industry and the chemical tanks industry will drive the demand for propylene glycol during upcoming period. Furthermore, augmented utilization in paints and coatings, food, pharmaceuticals, combined with use in Aircraft de-icing fluid will create a surge in demand for propylene glycol and will increase valuable opportunities for the market's growth rate.

Restraints/Challenges

  • Health Concerns Related to the Usage

Health issues due to the use of propylene glycol is the major challenge which has encountered by the propylene glycol manufacturers. Numerous health distresses associated with propylene glycol can adversely affect the market growth rate. However, WHO has specified that the acceptable daily consumption of propylene glycol as a food additive should not more than 25 mg/ Kilogram of weight. Health issues created by the high consumption of propylene glycol are the major market restrains that will hinder the market's growth rate.

This global propylene glycol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global propylene glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In March 2023, Ethos Asset Management Inc USA has announced a long-term financing partnership with GreenGlycols® Green Glycols B.V. to support the construction of a BioMPG production facility in Delfzijl, the Netherlands. This facility will have an annual production capacity of 40,000 tonnes of green drop-in USP grade propylene glycol, utilizing plant-based feedstock and reducing carbon footprint. GreenGlycols® holds a BASF technology license, and Air Liquide will provide engineering services. The project aims to produce a sustainable alternative to fossil MPG, saving up to 280,000 tonnes of CO₂ per year. Production is set to begin in 2025, addressing the growing demand for propylene glycol

Global Propylene Glycol Market Scope

The global propylene glycol market is segmented on the basis of source, grade and end user.  The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

  • Petroleum-Based Propylene Glycol
  • Bio-Based Propylene Glycol

 Grade

End User

  • Building and Construction
  • Pharmaceuticals and Cosmetics
  • Transportation
  • Food and Beverages

Global Propylene Glycol Market Regional Analysis/Insights

The global propylene glycol market is analysed and market size insights and trends are provided by source, grade and end-user are referenced above. The countries covered in the propylene glycol market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.  

North America region is dominating the global propylene glycol market due to due to the increasing demand for propylene glycol in this region

Asia-Pacific region had the highest growth rate in the global propylene glycol market due to the rise in the adoption of unsaturated polyester resins which is influenced the construction industry trends in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Propylene Glycol Market Share Analysis

The global propylene glycol market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global propylene glycol market.

Some of the major players operating in the global propylene glycol market are:

  • Dow (U.S.)
  • LyondellBasell Industries N.V. (Netherlands)
  • BASF SE (Germany)
  • ADM (U.S.)
  • Global Bio-chem Technology Group Company Limited (China)
  • DuPont Tate and Lyle Bio Products (U.S.)
  • SKC (South Korea)
  • Temix Oleo (Italy)
  • INEOS Oxide (Switzerland)
  • Huntsman International L.L.C (U.S.)
  • ADEKA CORPORATION (Japan)
  • Chaoyang Chemicals, Inc. (U.S.)
  • Manali Petrochemicals Limited (India)
  • Haike Chemical Group Co., Ltd. (China)
  • Arch Chemicals Inc (U.S.)
  • Repsol (Spain)
  • Midland Company (U.S.)
  • Helm AG (Germany)
  • Shell Plc (U.K.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Propylene Glycol Market will be worth USD 6.10 billion by 2030.
The Propylene Glycol Market growth rate is 4.52% during the forecast period.
Usage in Transportation Industry & Potential in Application in Various Sectors such as Construction, Coatings, and Aviation are the growth drivers of the Propylene Glycol Market.
The source, grade and end-user are the factors on which the Propylene Glycol Market research is based.
Ethos Asset Management Inc USA has announced a long-term financing partnership with GreenGlycols® Green Glycols B.V. to support the construction of a BioMPG production facility in Delfzijl, the Netherlands & this facility will have an annual production capacity of 40,000 tonnes of green drop-in USP grade propylene glycol, utilizing plant-based feedstock and reducing carbon footprint are the latest developments in the Propylene Glycol Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials