22th October, 2018 – Global Poly Propylene Glycol Market demand is expected to witness a steady growth on account of its increasing usage in the production of polyester resins. Propylene glycol is an organic compound with a chemical formula C3H8O2. Propylene glycol is produced using propylene oxide. It is a colourless as well as an odourless liquid and is easily miscible in water, chloroform and acetone. It is mainly used in the production of polymers, however, there are some uses of propylene glycol in food processing.
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Usage of propylene glycol as a chemical feedstock is a major application driving the overall demand. This organic compound is used in the manufacturing of polyester resins which in turn is used bulk moulding, sheet moulding and laser printer toners. Wall panels made from polyester resins are widely used in restaurants, restrooms, and kitchens which require low maintenance washable walls. Further, its application as a food preservative has been driving the market demand in recent years. They are used in liquid sweeteners, ice creams, and coffee based drinks. Propylene glycol is used as a solvent in oral and injectable pharmaceutical drugs. Their usage in the manufacturing of veterinary drugs is expected to propel the demand over the forecast period. Recent trends have shown that E-cigarettes contain a flavoured liquid which is a mixture of vegetable glycerine and propylene glycol.
North America has been the leading market in recent years in terms of demand and is expected to continue its increasing application in pharmaceuticals and food processing industry. The U.S has shown substantial usage of propylene glycol in the aerated beverage industry. Further, regional demand is followed by Asia Pacific mainly on account of increasing application of propylene glycol as a food additive. Development of packaged food industry and retail sector has helped in increasing the demand in emerging economies including India and China. These emerging economies are expected to witness a significant growth in terms of production of propylene glycol on account of high investment in organic chemical manufacturing. Europe is expected to show a steady growth over the forecast period with high demand as an additive in the manufacturing of milk products and confectionaries. South America and Africa is expected to witness a stagnant growth owing to the slow growth of overall development of application industries.
Major players operating in the poly propylene glycol market are DuPont, BASF, and Dow Chemicals. Other major players present in the market are LyondellBasell, SKC, Huntsman, SKC Co Ltd, Temix International and Global Biochem. Companies are focussing on research and development in order to find out new applications for propylene glycol. This is expected to diversify the application portfolio and therefore propelling the demand in near future.
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Poly Propylene Glycol market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Poly Propylene Glycol market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.Segment by Type, the Poly Propylene Glycol market is segmented into:Reagent GradeIndustrial GradePharmaceutical GradeDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56631/global-poly-propylene-glycol-2026-915Segment by Application, the Poly Propylene Glycol market is segmented into:LubricantsSurface Active AgentsPharmaceutcalPersonal CareOtherRegional and Country-level Analysis:The Poly Propylene Glycol market is analysed and market size information is provided by regions (countries).The key regions covered in the Poly Propylene Glycol market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Poly Propylene Glycol Market Share Analysis:Poly Propylene Glycol market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
