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Propylene Glycol Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Propylene glycol is actually a chemical that is generated as a result of propylene oxide along with water.


Sarasota, FL -- (SBWIRE) -- 09/27/2017 -- Propylene Glycol Market: Overview

Propylene glycol is actually a chemical that is generated as a result of propylene oxide along with water. It is a pale, clear, almost unscented, glutinous liquid which has a light sweet taste. Propylene glycol is miscible with chloroform, water, and hygroscopic, and acetone in nature. It is chemically non-aligned that does not respond with different substances. This property of propylene glycol makes it functional in mixing distinct elements such as perfumes. An exclusive feature of propylene glycol makes it useful in a wide range of applications. It is utilized as solvent, holds and dissolves vigorous ingredients equally in the medium, which acts as an emulsifier and incipient, decreasing freezing point and many more. Propylene glycol is man-made in two grades specifically, industrial or technological grade and USD/EP grade. It designates the needs for European Pharmacopeia and the U.S., but it has use in the food, personal care, and nosh applications. Dipropylene glycol is used in personal care products, unsaturated polyester resins and tripropylene glycol has application in polyurethanes and acrylates.

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Propylene Glycol Market: Growth Factors

A variety of aspects that are fueling the development of the propylene glycol market are biodegradable techniques of manufacturing, less usage of petrochemical feedstock, and less production of the greenhouse gases. The most important manacles for the development of the market are at high reaction risk throughout the course of manufacturing and low firmness of catalyst. The augmented demand for bio-based procedures and recycled products is projected to create lot of prospect for the global propylene glycol market.

Propylene Glycol Market: Segmentation

The propylene glycol application market is divided into pharmaceuticals, detergents, food, fluids and coolants, unsaturated polyester resins, pharmaceuticals and others. Fluids and coolants section is the largest revenue producing section due to propylene glycol physical properties such as low freeze point and high boiling point.

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Propylene Glycol Market: Regional Analysis

Regionally, the global propylene glycol market can be divided into Asia Pacific, North America, Europe and Rest of the World. In the midst of these, the market will experience increasing demand from Asia Pacific. The expansion of end-user industries such as transportation, construction, and marine will support the development of the bio-based propylene glycol market in the province.

Propylene Glycol Market: Competitive players

The key players of propylene glycol market 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, SKC Co., Ltd., Temix International S.R.L., and Ineos Oxide.

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Global Propylene Glycol Market: Regional Segment Analysis

North America
Asia Pacific
Latin America
Middle East and Africa