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Propylene Glycol Market to Witness a Pronounce Growth During 2020-2026

The Global Propylene Glycol (PG) Market Report is highly intended to offer robust acumen considering Propylene Glycol (PG) Market industry to aid a market contender with insightful analysis for Propylene Glycol (PG) Market size, share, competitive scenario, segments, sub-segments, and dominant industry competitors. The report focuses on the historic and current situation of the market to provide valuable forecast analysis based on sales revenue, global demand, and growth rate of the market.

The global Propylene Glycol (PG) market is valued at 4212 million US$ in 2020 is expected to reach 7166.7 million US$ by the end of 2026, growing at a CAGR of 7.8% during 2021-2026.

Market Key Players

DowDuPont, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF, Oelon, Sumitomo Chemical, Asahi, ADEKA, SKC, Shell, Shandong Shida Shenghua Chemical, Tongling Jintai Chemical, CNOOC and Shell Petrochemicals, Hi-tech Spring Chemical, Daze Group, Shandong Depu Chemical, etc.

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Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.

Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is generally recognized as safe for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.

Segmentation

Segment by Type
Industrial Grade
Food Grade
Pharmaceutical Grade

Segment by Application
UPR
PPG
Pharmaceuticals and Food
Others

By Geography

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The regions of Europe, North America and Asia (ex. China) are the main consumption bases, while Europe holds 21.56% consumption share, North America holds 20.16%, and Asia (ex. China) holds 21.13% consumption share in 2015. They occupy 62.84% of the global consumption in total.

Important Features that are under offering and key highlights of the report:

Detailed overview of Propylene Glycol (PG) market

Changing market dynamics of the industry

In-depth market segmentation by Type, Application etc.

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape of Propylene Glycol (PG) market

Strategies of key players and product offerings

Potential and niche segments/regions exhibiting promising growth

A neutral perspective towards Propylene Glycol (PG) market performance

Must-have information for market players to sustain and enhance their market footprint

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