1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.
1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 41.10%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America.
As a kind of petrochemical, the global average price of 1, 2-Propanediol fluctuates with the price of PO, the price of which is related to the price of propylene. There are also bio based PG which is mainly supplied by ADM.
According to this study, over the next five years the 1,2-Propylene Glycol market will register a 3.2% CAGR in terms of revenue, the global market size will reach US$ 3820 million by 2024, from US$ 3170 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in 1,2-Propylene Glycol business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of 1,2-Propylene Glycol market by product type, application, key manufacturers and key regions and countries.
This study considers the 1,2-Propylene Glycol value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Industrial Grade
Food Grade
Pharmaceutical Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Dow
Lyondell Basell
Huntsman
ADM
INEOS
BASF
Repsol
Sumitomo Chem
Asahi Kasei
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global 1,2-Propylene Glycol consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of 1,2-Propylene Glycol market by identifying its various subsegments.
Focuses on the key global 1,2-Propylene Glycol manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the 1,2-Propylene Glycol with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of 1,2-Propylene Glycol submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on 1,2-Propylene Glycol . Industry analysis & Market Report on 1,2-Propylene Glycol is a syndicated market report, published as Global 1,2-Propylene Glycol Market Growth 2019-2024. It is complete Research Study and Industry Analysis of 1,2-Propylene Glycol market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.