HOME Top Market Reports Propylene Glycol Market by Source (Petroleum, Bio-based), Application (Unsaturated Polyester Resin, Pharmaceuticals & Cosmetics, Antifreeze & Functional Fluid, Liquid Detergent, Plasticizer) - Global Trends & Forecasts to 2019

Propylene Glycol Market by Source (Petroleum, Bio-based), Application (Unsaturated Polyester Resin, Pharmaceuticals & Cosmetics, Antifreeze & Functional Fluid, Liquid Detergent, Plasticizer) - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: CH 2729

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Propylene glycol is an organic compound which is colorless, odorless, clear, and dense. It is miscible with water and is hygroscopic in nature. Over 90% of the propylene glycol produced globally is from a conventional source (petroleum based), with the rest being produced from renewable feedstock (bio-based). Propylene oxide derived from propylene is reacted with water by employing either a non-catalytic or a catalytic process. Propylene glycol is used in diverse applications as an intermediate to make other chemicals, such as unsaturated polyester resins, plasticizers, pharmaceuticals & cosmetics, functional fluids (antifreeze, coolants, heat transfer fluids, aircraft deicing fluids), liquid detergents, solvents, and pet/animal food.

The growth of the global propylene glycol market is mainly driven by the growing demand for the market from Asia-Pacific region and an intense focus towards the usage of renewable chemicals by various end-user industries. New capacities for bio-based propylene glycolare being added by various market players in order to serve the potentially high demand from these industries in the near future. Asia-Pacific is the key market that accounted for around ~30%in terms of volume of the total global demand in 2013. The region is further expected to show high growth in the future, mainly due to its increased domestic demand and rapid industrialization.

Unsaturated polyester resin is the single-largest application of propylene glycol, with a market share of nearly ~36% in terms of volume of the global demand in 2013. Pharmaceuticals & cosmetics application is projected to have the fastest CAGR of 4.3% between 2014 and 2019, in terms of volume. The flourishing pharmaceutical and cosmetics industry and rising investments in the manufacturing sector is driving the growth of the propylene glycol market.

This study aims at estimating the global market size of propylene glycol for 2014 and to project the expected demand/market size of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global propylene glycol market. It provides a comprehensive review of the key market drivers, restraints, opportunities, winning imperatives, and key issues in the market. The market is further segmented and projected for important regions, such as Asia-Pacific, North America, Europe, and RoW, which are further segmented for key countries in each of these regions. We have used various secondary sources, such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources, experts from related industries and suppliers,have been interviewed to obtain and verify critical information as well as to assess the future prospects of this market.

Competitive scenarios of the top players in the propylene glycol market have been discussed in detail. We have also profiled leading players of this industry, such as Archer Daniels Midland Co. (U.S.), BASF SE (Germany), Dow Chemical Co. (U.S.), DuPont Tate & Lyle Bio Products LLC (U.S.), Global Bio-chem Technology Group Co.Ltd. (Hong Kong), Huntsman Corporation (U.S.), LyondellBasell Industries N.V. (The Netherlands), SKC Co. Ltd. (South Korea), and Temix International S.R.L. (Italy)and alsotheir recent developments and other strategic industry activities.

Scope of the report

This research report categorizes the global market for propylene glycol on the basis of source, application, and region along with forecasting volume, value, and analyzing trends in each of the submarkets.

On the basis of source: The market is segmented on the basis of source, such as petroleum-based and bio-based. Each source is further described in detail in the report with volume and value forecasts for each source.

On the basis of application: The propylene glycol market is segmented on the basis of applications, such as unsaturated polyester resin, pharmaceuticals & cosmetics, antifreeze & functional fluid, liquid detergent, plasticizer, and others. Each application is further described in detail in the report with volume and value forecasts for each application.

On the basis of region: Regional level segmentation is carried out for propylene glycol; it includes North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region that include:

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • Spain
    • Belgium
    • Romania
    • France
    • The Netherlands
    • The U.K.
    • Russia
    • Italy
    • Poland
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Australia
    • Singapore
    • Taiwan
    • Malaysia
    • Pakistan
  • Rest of the World (RoW)
    • Brazil
    • Mexico
    • Argentina
    • Iran
    • Kuwait
    • Saudi Arabia
    • U.A.E.

Table of Contents 
 
1 Introduction (Slide No.- 18)
    1.1 Objectives of the Study
    1.2 Market Scope
          1.2.1 Market Definition
          1.2.2 Markets Covered
          1.2.3 Scope, By Region
          1.2.4 Year
          1.2.5 Currency
          1.2.6 Package Size
          1.2.7 Limitations
    1.3 Stakeholders

2 Research Methodology (Slide No.- 22)
    2.1 Market Size Estimation
    2.2 Market Crackdown & Data Triangulation
    2.3 Market Share Estimation
          2.3.1 Assumptions

3 Executive Summary (Slide No.- 28)

4 Premium Insights (Slide No.- 32)
    4.1 Attractive Opportunities in the Propylene Glycol Market
    4.2 Propylene Glycol : Market: Top Three Application Segments
    4.3 Propylene Glycol : Market in Europe
    4.4 Significant PG Markets
    4.5 Propylene Glycol : Market: Top Three Application Segments (2019)
    4.6 Propylene Glycol : Market: Developed Vs. Developing Nations
    4.7 Global PG Market, By Application (2014–2019)
    4.8 Bio-Based Propylene Glycol : Market
    4.9 Bio PG’s Life Cycle Analysis, By Region
    4.10 Propylene Glycol : Market Trends & forecast, By Region (2012–2019)

5 Market Overview (Slide No.- 41)
    5.1 Introduction
          5.1.1 Usp/Ep Grade
          5.1.2 Industrial Grade
    5.2 Evolution
    5.3 Market Segmentation
          5.3.1 Propylene Glycol : Market, By Source
          5.3.2 Propylene Glycol : Market, By Application
    5.4 Market Dynamics
          5.4.1 Drivers
                   5.4.1.1 Petroleum-Based PG
                               5.4.1.1.1 Asia-Pacific Region to Witness Sustained Growth
                   5.4.1.2 Bio-Based PG
                               5.4.1.2.1 Eco-Friendly Production Process
          5.4.2 Restraints
                   5.4.2.1 Petroleum-Based PG
                               5.4.2.1.1 Maturity of the Product
                   5.4.2.2 Bio-Based PG
                               5.4.2.2.1 Fewer Application Segments
          5.4.3 Opportunities
                   5.4.3.1 Petroleum-Based PG
                               5.4.3.1.1 Lucrative Opportunities in Asia-Pacific Region
                   5.4.3.2 Bio-Based PG
                               5.4.3.2.1 Pharmaceuticals & Cosmetics Segment Has Immense Growth Potential
          5.4.4 Burning Issues
                   5.4.4.1 Inclination Towards Renewable PG

6 Industry Analysis (Slide No.- 51)
    6.1 Introduction
    6.2 Value Chain Analysis
          6.2.1 Petroleum-Based PG
          6.2.2 Bio-Based PG
    6.3 Raw Material Analysis
          6.3.1 Propylene
          6.3.2 Glycerin
    6.4 PG Prices, By Region
    6.5 Porter’s Five forces Analysis
          6.5.1 Threat of New Entrants
          6.5.2 Threat of Substitutes
          6.5.3 Bargaining Power of Suppliers
          6.5.4 Bargaining Power of Buyers
          6.5.5 Intensity of Competitive Rivalry
    6.6 Strategic Benchmarking
          6.6.1 Facility & Capacity Expansion
          6.6.2 Collaboration & Partnership
 
7 Propylene Glycol Market, By Source (Slide No.- 57)
    7.1 Introduction
    7.2 Bio-Based PG Market

8 Propylene Glycol Market, By Application (Slide No.- 64)
    8.1 Introduction
    8.2 Unsaturated Polyester Resin Market
    8.3 Pharmaceuticals & Cosmetics Market
    8.4 Antifreeze & Functional Fluids Market
    8.5 Liquid Detergents Market
    8.6 Plasticizers Market
    8.7 Others

9 Regional Analysis (Slide No.- 82)
    9.1 Introduction
    9.2 North America
          9.2.1 U.S.
                   9.2.1.1 Import & Export Analysis
                   9.2.1.2 Market Estimates
          9.2.2 Canada
                   9.2.2.1 Import & Export Analysis
                   9.2.2.2 Market Estimates
    9.3 Europe
          9.3.1 Germany
                   9.3.1.1 Import & Export Analysis
                   9.3.1.2 Market Estimates
          9.3.2 Spain
                   9.3.2.1 Import & Export Analysis
                   9.3.2.2 Market Estimates
          9.3.3 Belgium
                   9.3.3.1 Import & Export Analysis
                   9.3.3.2 Market Estimates
          9.3.4 Romania
                   9.3.4.1 Import & Export Analysis
                   9.3.4.2 Market Estimates
          9.3.5 France
                   9.3.5.1 Import & Export Analysis
                   9.3.5.2 Market Estimates
          9.3.6 Netherlands
                   9.3.6.1 Import & Export Analysis
                   9.3.6.2 Market Estimates
          9.3.7 U.K.
                   9.3.7.1 Import & Export Analysis
                   9.3.7.2 Market Estimates
          9.3.8 Russia
                   9.3.8.1 Import & Export Analysis
                   9.3.8.2 Market Estimates
          9.3.9 Italy
                   9.3.9.1 Import & Export Analysis
                   9.3.9.2 Market Estimates
          9.3.10 Poland
                   9.3.10.1 Import & Export Analysis
                   9.3.10.2 Market Estimates
          9.3.11 Rest of Europe
                   9.3.11.1 Market Estimates
    9.4 Asia-Pacific
          9.4.1 China
                   9.4.1.1 Import & Export Analysis
                   9.4.1.2 Market Estimates
          9.4.2 Japan
                   9.4.2.1 Import & Export Analysis
                   9.4.2.2 Market Estimates
          9.4.3 South Korea
                   9.4.3.1 Import & Export Analysis
                   9.4.3.2 Market Estimates
          9.4.4 India
                   9.4.4.1 Import & Export Analysis
                   9.4.4.2 Market Estimates
          9.4.5 Thailand
                   9.4.5.1 Import & Export Analysis
                   9.4.5.2 Market Estimates
          9.4.6 Australia
                   9.4.6.1 Import & Export Analysis
                   9.4.6.2 Market Estimates
          9.4.7 Singapore
                   9.4.7.1 Import & Export Analysis
                   9.4.7.2 Market Estimates
          9.4.8 Taiwan
                   9.4.8.1 Import & Export Analysis
                   9.4.8.2 Market Estimates
          9.4.9 Malaysia
                   9.4.9.1 Import & Export Analysis
                   9.4.9.2 Market Estimates
          9.4.10 Pakistan
                   9.4.10.1 Import & Export Analysis
                   9.4.10.2 Market Estimates
          9.4.11 Rest of Asia-Pacific
                   9.4.11.1 Market Estimates
    9.5 Rest of the World (ROW)
          9.5.1 Brazil
                   9.5.1.1 Import & Export Analysis
                   9.5.1.2 Market Estimates
          9.5.2 Mexico
                   9.5.2.1 Import & Export Analysis
                   9.5.2.2 Market Estimates
          9.5.3 Argentina
                   9.5.3.1 Import & Export Analysis
                   9.5.3.2 Market Estimates
          9.5.4 Iran
                   9.5.4.1 Import & Export Analysis
                   9.5.4.2 Market Estimates
          9.5.5 Kuwait
                   9.5.5.1 Market Estimates
          9.5.6 Saudi Arabia
                   9.5.6.1 Import & Export Analysis
                   9.5.6.2 Market Estimates
          9.5.7 U.A.E.
                   9.5.7.1 Import & Export Analysis
                   9.5.7.2 Market Estimates
          9.5.8 Other ROW
                   9.5.8.1 Market Estimates

10 Competitive Landscape (Slide No.- 142)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Growth Strategies in the Global Propylene Glycol Market
     10.4 Maximum Developments in 2011
     10.5 Dupont Tate & Lyle Bio Products LLC: the Most Active Participant
     10.6 Competitive Situation & Trends
             10.6.1 Facility & Capacity Expansions
             10.6.2 Partnerships & Collaborations
             10.6.3 Product Certifications

11 Company Profiles (Slide No.- 151)
     (Overview, Financial*, Products & Services, Strategy, and Developments) 
     11.1 Introduction
     11.2 Archer Daniels Midland Co.
     11.3 BASF SE
     11.4 Dow Chemical Company
     11.5 Dupont Tate & Lyle Bio Products LLC
     11.6 Global Bio-Chem Technology Group Co. Ltd.
     11.7 Huntsman Corporation
     11.8 Lyondellbasell Industries N.V.
     11.9 SKC Co. Ltd.
     11.10 Temix International S.R.L.

*Details Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Slide No.- 174)
     12.1 Discussion Guide
     12.2 Global Propylene Glycol Capacity
     12.3 Global Bio-Based Propylene Glycol Capacity
     12.4 Available Customizations
     12.5 Related Reports
 
 
List of Tables (138 Tables) 
  
Table 1 PG: Physical & Chemical Properties
Table 2 Asia-Pacific is Driving the Global Propylene Glycol Market
Table 3 Lack of Product Differentiation Restraining the Market Growth
Table 4 Top 10 Economies By Gdp in PP Terms, 2010-2020
Table 5 Bio-Based PG is Paving New Growth Avenues in the Asia-Pacific Market
Table 6 PG Prices, By Region, 2012-2019 ($/T)
Table 7 Global Propylene Glycol Market Size, By Source, 2012-2019 (KT)
Table 8 Global Propylene Glycol: Market Size, By Source, 2012-2019 ($Million)
Table 9 Bio-Based Propylene Glycol: Market Size, By Region, 2012–2019 (KT)
Table 10 Bio-Based Propylene Glycol: Market Size, By Region, 2012–2019 ($Million)
Table 11 Bio-Based Propylene Glycol: Market Size, By Application, 2012–2019 (KT)
Table 12 Bio-Based Propylene Glycol: Market Size, By Application, 2012–2019 ($Million)
Table 13 PG Usp/Ep: Applications & Sub-Segments
Table 14 PG Industrial Grade: Applications & Sub-Segments
Table 15 Global Propylene Glycol Market Size, By Application, 2012-2019 (KT)
Table 16 Global Propylene Glycol: Market Size, By Application, 2012-2019 ($Million)
Table 17 UPR: Propylene Glycol: Market Size, By Region 2012–2019 (KT)
Table 18 UPR: Propylene Glycol: Market Size, By Region, 2012–2019 ($Million)
Table 19 Pharmaceuticals & Cosmetics: Propylene Glycol: Market Size, By Region, 2012–2019 (KT) 
Table 20 Pharmaceuticals & Cosmetics: Propylene Glycol: Market Size, By Region, 2012–2019 ($Million) 
Table 21 Antifreeze & Functional Fluids: Propylene Glycol: Market Size, By Region, 2012–2019 (KT) 
Table 22 Antifreeze & Functional Fluids: Propylene Glycol: Market Size, By Region, 2012–2019 ($Million) 
Table 23 Liquid Detergents: Propylene Glycol: Market Size, By Region, 2012–2019 (KT)
Table 24 Liquid Detergents: Propylene Glycol: Market Size, By Region, 2012–2019 ($Million)
Table 25 Plasticizers: Propylene Glycol: Market Size, By Region, 2012–2019 (KT)
Table 26 Plasticizers: Propylene Glycol: Market Size, By Region, 2012–2019 ($Million)
Table 27 Others: Propylene Glycol: Market Size, By Region, 2012–2019 (KT)
Table 28 Others: Market Size, By Region, 2012–2019 ($Million)
Table 29 Propylene Glycol Market Size, By Region, 2012–2019 (KT)
Table 30 Propylene Glycol Market Size, By Region, 2012–2019 ($Million)
Table 31 North America: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 32 North America: Market Size, By Country, 2012–2019 ($Million)
Table 33 North America: Market Size, By Application, 2012–2019 (KT)
Table 34 North America: Market Size, By Application, 2012–2019 ($Million)
Table 35 U.S.: Top Five Import & Export Partners, 2013
Table 36 U.S.: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 37 U.S.: Market Size, By Application, 2012–2019 ($Million)
Table 38 Canada: Top Five Import & Export Partners, 2013
Table 39 Canada: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 40 Canada: Market Size, By Application, 2012–2019 ($Million)
Table 41 Europe: Propylene Glycol Market Size, By Country, 2012–2019 (KT)
Table 42 Europe: Market Size, By Country, 2012–2019 ($Million)
Table 43 Europe: Market Size, By Application, 2012–2019 (KT)
Table 44 Europe: Market Size, By Application, 2012–2019 ($Million)
Table 45 Germany: Top Five Import & Export Partners, 2013
Table 46 Germany: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 47 Germany: Propylene Glycol Market Size, By Application, 2012–2019 ($Million)
Table 48 Spain: Top Five Import & Export Partners, 2013
Table 49 Spain: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 50 Spain: Propylene Glycol Market Size, By Application, 2012–2019 ($Million)
Table 51 Belgium: Top Five Import & Export Partners, 2013
Table 52 Belgium: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 53 Belgium: Market Size, By Application, 2012–2019 ($Million)
Table 54 Romania: Top Five Import & Export Partners, 2013
Table 55 Romania: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 56 Romania: Market Size, By Application, 2012–2019 ($Million)
Table 57 France: Top Five Import & Export Partners, 2013
Table 58 France: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 59 France: Propylene Glycol Market Size, By Application, 2012–2019 ($Million)
Table 60 Netherlands: Top Five Import & Export Partners, 2013
Table 61 Netherlands: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 62 Netherlands: Market Size, By Application, 2012–2019 ($Million)
Table 63 U.K.: Top Five Import & Export Partners, 2013
Table 64 U.K.: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 65 U.K.: Market Size, By Application, 2012–2019 ($Million)
Table 66 Russia: Top Five Import & Export Partners, 2013
Table 67 Russia: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 68 Russia: Market Size, By Application, 2012–2019 ($Million)
Table 69 Italy: Top Five Import & Export Partners, 2013
Table 70 Italy: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 71 Italy: Market Size, By Application, 2012–2019 ($Million)
Table 72 Poland: Top Five Import & Export Partners, 2013
Table 73 Poland: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 74 Poland: Market Size, By Application, 2012–2019 ($Million)
Table 75 Rest of Europe: Market Size, By Application, 2012–2019 (KT)
Table 76 Rest of Europe: Propylene Glycol Market Size, By Application, 2012–2019 ($Million)
Table 77 Asia-Pacific: Propylene Glycol Market Size, By Country, 2012–2019 (KT)
Table 78 Asia-Pacific: Market Size, By Country, 2012–2019 ($Million)
Table 79 Asia-Pacific: Market Size, By Application, 2012–2019 (KT)
Table 80 Asia-Pacific: Market Size, By Application, 2012–2019 ($Million)
Table 81 Germany: Top Five Import & Export Partners, 2013
Table 82 China: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 83 China: Market Size, By Application, 2012–2019 ($Million)
Table 84 Japan: Top Five Import & Export Partners, 2013
Table 85 Japan: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 86 Japan: Market Size, By Application, 2012–2019 ($Million)
Table 87 South Korea: Top Five Import & Export Partners, 2013
Table 88 South Korea: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 89 South Korea: Market Size, By Application, 2012–2019 ($Million)
Table 90 India: Top Five Import & Export Partners, 2013
Table 91 India: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 92 India: Market Size, By Application, 2012–2019 ($Million)
Table 93 Thailand: Top Five Import & Export Partners, 2013
Table 94 Thailand: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 95 Thailand: Market Size, By Application, 2012–2019 ($Million)
Table 96 Australia: Top Five Import & Export Partners, 2013
Table 97 Australia: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 98 Australia: Market Size, By Application, 2012–2019 ($Million)
Table 99 Singapore: Top Five Import & Export Partners, 2013
Table 100 Singapore: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 101 Singapore: Market Size, By Application, 2012–2019 ($Million)
Table 102 Taiwan: Top Five Import & Export Partners, 2013
Table 103 Taiwan: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 104 Taiwan: Market Size, By Application, 2012–2019 ($Million)
Table 105 Malaysia: Top Five Import & Export Partners, 2013
Table 106 Malaysia: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 107 Malaysia: Market Size, By Application, 2012–2019 ($Million)
Table 108 Pakistan: Top Five Import & Export Partners, 2013
Table 109 Pakistan: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 110 Pakistan: Market Size, By Application, 2012–2019 ($Million)
Table 111 Rest of Asia-Pacific: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 112 Rest of Asia-Pacific: Market Size, By Application, 2012–2019 ($Million) 
Table 113 ROW: Propylene Glycol Market Size, By Country, 2012–2019 (KT)
Table 114 ROW: Market Size, By Country, 2012–2019 ($Million)
Table 115 ROW: Market Size, By Application, 2012–2019 (KT)
Table 116 ROW: Market Size, By Application, 2012–2019 ($Million)
Table 117 Brazil: Top Five Import & Export Partners, 2013
Table 118 Brazil: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 119 Brazil: Market Size, By Application, 2012–2019 ($Million)
Table 120 Mexico: Top Five Import & Export Partners, 2013
Table 121 Mexico: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 122 Mexico: Market Size, By Application, 2012–2019 ($Million)
Table 123 Argentina: Top Five Import & Export Partners, 2013
Table 124 Argentina: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 125 Argentina: Market Size, By Application, 2012–2019 ($Million)
Table 126 Iran: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 127 Iran: Market Size, By Application, 2012–2019 ($Million)
Table 128 Kuwait: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 129 Kuwait: Market Size, By Application, 2012–2019 ($Million)
Table 130 Saudi Arabia: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 131 Saudi Arabia: Market Size, By Application, 2012–2019 ($Million)
Table 132 U.A.E.: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 133 U.A.E.: Market Size, By Application, 2012–2019 ($Million)
Table 134 Other ROW: Propylene Glycol Market Size, By Application, 2012–2019 (KT)
Table 135 Other ROW: Market Size, By Application, 2012–2019 ($Million)
Table 136 Facility & Capacity Expansions, 2010-2014
Table 137 Partnerships & Collaborations, 2010-2014
Table 138 Product Certifications, 2010-2014
 
 
List of Figures (73 Figures) 
 
Figure 1 Propylene Glycol Market, Research Methodology
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Break Down of Primary Interviews, By Company Type, Designation & Region
Figure 5 Key Data From Secondary Sources
Figure 6 Key Data From Primary Sources
Figure 7 PG Application Market Snapshot (2014 Vs. 2019): Market for Pharmaceuticals & Cosmetics Segment Growing At the Highest Rate
Figure 8 Propylene Glycol Market, By Country, 2014 (KT)
Figure 9 Propylene Glycol Market Share (Volume), By Region, 2014
Figure 10 Attractive Opportunities in the Propylene Glycol Market
Figure 11 Pharmaceuticals & Cosmetics Segment to Grow At the Highest Rate Among All Six Applications of the PG Market
Figure 12 UPR Captures the Lion’s Share in the European Propylene Glycol Market
Figure 13 The U.S., China, & Germany Account for 50% of the Market in Terms of PG Consumption
Figure 14 Antifreeze & Functional Fluids Will Continue to Dominate the North American Market in the Next Five Years
Figure 15 India to Emerge As A Lucrative Market
Figure 16 The Top Three Application Segments Will Account for More Than 70% of the Global Market Size in 2014–2019
Figure 17 Bio-Based PG Has A Promising Future in Pharmaceuticals & Cosmetics Application
Figure 18 Asia-Pacific Market is Expected to Experience An Exponential Growth Phase for Bio-PG Demand By 2019
Figure 19 Europe Dominates the Global Propylene Glycol Market (in Terms of Value ) in 2014
Figure 20 Focus on Bio-Based/Renewable Products
Figure 21 Propylene Glycol Market Segmentation, By Application
Figure 22 Overview of the forces Governing the Propylene Glycol Market
Figure 23 Feedstock Accounts for Major Value Addition
Figure 24 R&D Plays An Important Role in Bio-PG Production Process
Figure 25 Porter’s Five forces Analysis (2013) – High Feedstock Prices & Narrow Margins Are Impacting the Industry
Figure 26 Strategic Benchmarking: Dow Chemicals & BASF Adopted Facility & Capacity Expansion for Entering Into the Emerging Markets
Figure 27 Strategic Benchmarking: Global Bio-Chem Technology Group, Dupont Tate & Lyle Collaborating With Other Players to Improve their Renewable offerings
Figure 28 Bio-Based PG to Witness Tremendous Growth Opportunities in the Next Five Years
Figure 29 Increasing Conventional Feedstock Cost Contributing to the Growth of Bio-Based Propylene Glycol Market
Figure 30 North America: the Major Consumer of Bio-Based Propylene Glycol Market
Figure 31 Europe to Grow At the Highest Rate From 2014-2019
Figure 32 Increasing Use of Bio-Based PG in End-Use Industries By 2019
Figure 33 Pharmaceuticals & Cosmetics Application to Drive the Bio-Based Propylene Glycol Market From 2014 to 2019
Figure 34 Pharmaceuticals & Cosmetics Segment to Grow At the Fastest Rate
Figure 35 UPR Application Dominates the Market
Figure 36 Growing Construction Sector in Asia-Pacific is Stimulating Growth of UPR Market
Figure 37 Easy Availability of Raw Material and Labor is Giving Impetus to Growth of UPR Market in Apac Region
Figure 38 Improving Standard of Living to Drive the Demand for Pharmaceuticals & Cosmetics Application in Asia-Pacific
Figure 39 Innovations in Pharmaceuticals & Cosmetics Industry to Drive the Propylene Glycol Market
Figure 40 Prevalence of Extreme Winter Conditions in North America is Stimulating the Growth of Antifreeze & Functional Fluids Market
Figure 41 Asia-Pacific Market to Outpace North America in the Growth of Antifreeze & Functional Fluids Application
Figure 42 North America Leads the Liquid Detergents Market
Figure 43 Non-Toxic & Non-Flammable Nature of PG Driving the Demand for Liquid Detergents Application
Figure 44 Bio-Based PG Driving the Asia-Pacific Region for Plasticizers Market
Figure 45 Asia-Pacific: the Largest Propylene Glycol Market for Plasticizers Application
Figure 46 Demand From Food & Beverage Industry is Driving the Growth of Others PG Market In North America From 2014 to 2019
Figure 47 Asia-Pacific Showing High Growth Rate
Figure 48 Regional Snapshot (2013) – Rapidly Growing Markets Are New Hotspots
Figure 49 India, Canada & Brazil – Emerging Markets for PG Applications
Figure 50 North America Market Snapshot: Preference Toward Renewable PG
Figure 51 Germany is the Largest Propylene Glycol Market in Europe (2014)
Figure 52 Asia-Pacific Market Snapshot – China & India Are the Most Lucrative Markets
Figure 53 ROW: Demand From Developing Nations Such As Brazil and Mexico
Figure 54 Companies Adopted Facility & Capacity Expansion As the Key Growth Strategy
Figure 55 Archer Daniels Midland & Lyondellbasell Grew At the Highest Rate Between 2008 & 2013
Figure 56 Global Propylene Glycol Market Share, By Key Players, 2013 (in Terms of Production Capacity)
Figure 57 Facility & Capacity Expansion: the Most Popular Growth Strategy
Figure 58 Developments in the Global Propylene Glycol Market
Figure 59 Global Propylene Glycol Market: Growth Strategies, By Company
Figure 60 Regional Revenue Mix of the Top Five Market Players
Figure 61 Competitive Benchmarking of the Key Market Players (2008–2013): Adm Co. Emerged As the Champion Owing to Its Bio-PG Product offerings
Figure 62 Archer Daniels Midland Co.: Business Overview
Figure 63 Archer Daniels Midland Co.: SWOT Analysis
Figure 64 BASF SE: Business Overview
Figure 65 BASF SE: SWOT Analysis
Figure 66 Dow Chemical Company: Business Overview
Figure 67 Dow Chemical Co.: SWOT Analysis
Figure 68 Global Bio-Chem Technology Group Co. Ltd.: Business Overview
Figure 69 Huntsman Corporation: Business Overview
Figure 70 Huntsman Corp.: SWOT Analysis
Figure 71 Lyondellbasell Industries N.V.: Business Overview
Figure 72 Lyondellbasell Industries N.V.: SWOT Analysis
Figure 73 SKC Co. Ltd.: Business Overview

The propylene glycol market is projected to witness a CAGR of 5.7% between 2014 and 2019, and is expected to generate a global market value of $4,194.59 million by 2019.

The report on “Propylene Glycol” considers its major applications namely, unsaturated polyester resin, pharmaceuticals & cosmetics, antifreeze & functional fluids, liquid detergents, and plasticizers. The major factors driving the global propylene glycol market include growing demand from the Asia-Pacific region and from the application segments. The pharmaceuticals & cosmetics application market growth is one of the major drivers for this market. Increasing cost of the conventional feedstock and regulations of conventional chemicals are further driving it globally.

Unsaturated polyester resin is the largest application of propylene glycol across the world. The market size in terms of value for the same is projected to reach $1,472.8 million by 2019. The propylene glycol demand for unsaturated polyester resin application from Asia-Pacific region is growing at a high rate. This is due to the growing industrialization and rise in the manufacturing sector, especially China, and huge investments made that related to unsaturated polyester resin manufacturing projects.

Propylene Glycol Market

While unsaturated polyester resin currently forms the largest application market for propylene glycol, the pharmaceuticals & cosmetics industry is also witnessing increasing demand from the manufacturers of medical accessories and personal hygiene products. Pharmaceuticals & cosmetics is the fastest growing application of propylene glycol, driven by its huge R&D efforts leading to product innovations and the preference for expensive& effective pharmaceuticals & cosmetics product globally.

Petroleum-based is the commonly used type of propylene glycol globally. The market for the same is estimated to generate a market size of $3,655.7 million by 2019. Due to the negative impact of the conventional propylene glycol, emphasis is laid on production and consumption of bio-based propylene glycol. Bio-based propylene glycol is primarily preferred for pharmaceuticals & cosmetics applications as they are considerably less toxic and have a pleasant smell than its petroleum counterpart, which hasgreat advantages for the industry of personal care, home care, and cosmetics.

The key participants in the global propylene glycol market include Archer Daniels Midland Co. (U.S.), BASF SE (Germany), Dow Chemical Co. (U.S.), DuPont Tate & Lyle Bio Products LLC (U.S.), Global Bio-chem Technology Group Co. Ltd. (Hong Kong), Huntsman Corporation (U.S.), LyondellBasell Industries N.V. (The Netherlands), SKC Co. Ltd. (South Korea), and Temix International S.R.L. (Italy). This report follows both, top-down and bottom-up approaches to estimate and forecast the global propylene glycol market size by volume and value.

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