Propylene Glycol Market: Poised for Takeoff as Sustainability Concerns Rise

With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global propylene glycol market as well as the factors responsible for such a growth.

Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the propylene glycol market.

For enhancing readers’ experience, the report starts with a basic overview about the propylene glycol market and its classification.

Further, we have considered 2013 as the base year, 2027 as the estimated year, 2019 – 2027 as the stipulated timeframe.Competitive Assessment The propylene glycol market report includes global as well as emerging players:Sinopec Zhenhai Refining & Chemical CompanyRespol YPFArrow Chemical Group CorpSK ChemicalsShell Eastern PetroleumHuntsman CorporationNihon Oxirane Co.INEOS OxideGlobal Bio Chem Technology GroupBASF SEArcher Daniels Midland Co.The insights for each vendor consists of:Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginRequest Methodology of this Report - https://www.factmr.com/connectus/sample?flag=RM_id=4175The recently published research report by Fact.MR regarding the global propylene glycol market includes product classification and current synopsis along with product upgrades and innovations.

The propylene glycol market was pegged at more than 2,500 Thousand Tons in 2018, and the global market is likely to witness a strong growth rate during the forecast period on the backdrop of increasing building & construction activities along with expanding production capacities of key manufacturers across the globe.To produce a range of petrochemical products, the worldwide chemical industry was strongly dependent on fossil fuels.

However, increasing awareness of the advantages offered by renewable chemistry is now shifting the industry's focus on the development of bio-based chemicals such as propylene glycol.

The global propylene glycol market size is expected to reach USD 5.89 billion by 2028 according to a new study by Polaris Market Research.

Propylene glycol is increasingly being used across diverse industries such as pharmaceutical, medicine, automotive, and industrial.

The different sources of propylene glycol include bio-based propylene glycol and petroleum-based propylene glycol.

Get Sample Copy : https://www.polarismarketresearch.com/industry-analysis/propylene-glycol-market/request-for-sample Bio-based propylene glycol is used in diverse food, pharmaceutical, and personal care products owing to its extremely low toxicity and high-water solubility.

Currently, in the global propylene glycol market, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications and develop advanced solutions.

Propylene glycol is increasingly being used in skincare products, hair care products, color cosmetics, and soaps owing to its superior freezing point depressing, humectant, and mold inhibiting properties.

Propylene glycol can be used as a solvent to make paint, cleansers, inks, fingernail polish and removers and household cleaning agents.

Dow is the largest manufacturer of propylene glycol solvent in 2019 based in USA, Germany, Australia, Brazil, Thailand, Saudi Arab.

Global top 2 manufacturers hold a share nearly 50% in 2019.

Propylene glycol solvent mainly many applications, including industrial cleaning fluid, paint and ink, food processing, medical field, personal care, etc.

Among those, industrial cleaning fluid is the largest application with 38% sales share in 2019.Market Analysis and Insights: Global Propylene Glycol Solvent Market In 2020, the global Propylene Glycol Solvent market size was US$ 1042.2 million and it is expected to reach US$ 1299.3 million by the end of 2027, with a CAGR of 3.2% during 2021-2027.

Players, stakeholders, and other participants in the global Propylene Glycol Solvent market will be able to gain the upper hand as they use the report as a powerful resource.

The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global propylene glycol market size during the period through 2019-2027.

The propylene glycol market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume.

The business intelligence study of the propylene glycol market covers the estimation size of the market both in terms of value.

In a bid to recognize the propylene glycol market growth, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.Each segment of the propylene glycol market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)Japan and MEAAPEJ (China, India)Request a Sample Copy - https://www.factmr.com/connectus/sample?flag=S_id=4175The key players in the global propylene glycol market report consist ofSumitomo Chemicals Co., Ltd.Lyondell Chemical CompanyNihon Oxirane Co.Archer Daniels Midland Co.Each market player encompassed in the propylene glycol market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.

In addition, the propylene glycol market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.The global propylene glycol market covers the demand trends of each end user which includesCosmetics and Personal Care ProductsConsumer Goods (Liquid Detergents)PharmaceuticalsOthers (Industrial Machinery, Packaging, etc.