PROPYLENE GLYCOL Market Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Few of the major competitors currently working in the propylene glycol market are BASF SE, The DOW Chemical Company, LyondellBasell Industries Holdings B.V., Archer Daniels Midland Company, Huntsman Corporation, Global Bio-Chem Technology Group Company Limited, Dupont Tate & Lyle Bio Products, LLC, SKC Co., Ltd., Asahi Glass Limited, HELM AG, Chaoyang Chemicals, Inc., Temix International S.R.L., Qingdao Shida Chemical Co., Ltd., ADEKA CORPORATION, Royal Dutch Shell PLC., Golden Dyechem, TRInternational, Inc., Oleon NV, Shandong Depu Chemical Industry Science and Technology Co., Ltd and INEOS Oxide among others.
Global propylene glycol market is expected to rise to an estimated value of USD 2,382.59 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
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Market Drivers:
Eco-friendly production process; this factor can act as a driver for the market in the forecast period
Growing demand from Asia-Pacific region will propel the growth of market in near future
Huge demand of propylene glycol in varied applications; this factor will also drive the market in the forecast period
Propylene glycol is a tasteless, colorless and an odorless liquid, which is also referred as PG with a chemical formula C₃H₈O₂. It is highly soluble, has a high boiling point, less toxic and stable. It is mostly used in plasticizer, hydraulic fluids, electronic cigarettes, medication, processed foods, cosmetic products and many more applications.
Market Restraints:
Demand in switching to petroleum based; this factor will act as a restrain for the market
High investment in research and development activities will also act as a restrain for the market
Table of Contents:-
- PROPYLENE GLYCOL Market Overview
- Company Profiles
- Global PROPYLENE GLYCOL Market Competition, by Players
- Global PROPYLENE GLYCOL Market Size by Regions
- North America PROPYLENE GLYCOL Revenue by Countries
- Europe PROPYLENE GLYCOL Revenue by Countries
- Asia-Pacific PROPYLENE GLYCOL Revenue by Countries
- South America PROPYLENE GLYCOL Revenue by Countries
- The Middle East and Africa Revenue PROPYLENE GLYCOL by Countries
- Global PROPYLENE GLYCOL Market Segment by Type
- Global PROPYLENE GLYCOL Market Segment by Application
- Research Findings and Conclusion
- Appendix
Global propylene glycol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of propylene glycol market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Some of the key questions answered in this report:
– Detailed Overview of PROPYLENE GLYCOL market will help deliver clients and businesses making strategies.
– Influencing factors that thriving demand and latest trend running in the market
– What trends, challenges and barriers will impact the development and sizing of PROPYLENE GLYCOL Market?
– SWOT Analysis of each defined key players along with its profile and Porter’s five forces tool mechanism to compliment the same.
– What growth momentum or acceleration market carries during the forecast period?
– What would be the market share of key countries like United States, France, Germany, UK, China, and Australia & Japan etc.?
– Which region may tap highest market share in coming era?
– What focused approach and constraints are holding the PROPYLENE GLYCOL market tight?
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