Propylene Glycol Market

Propylene Glycol Market by Source (Petroleum-based, Bio-based), Grade (Industrial, Pharmaceutical), End-use Industry (Transportation, Building & Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care), Region - Global Forecast to 2024

Report Code: CH 2729 Jan, 2020, by marketsandmarkets.com
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[176 Pages Report] The propylene glycol market size is projected to reach USD 4.7 billion by 2024, from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing automotive industry in APAC and eco-friendly production process of bio-based propylene glycol are expected to drive the market during the forecast period.  

Propylene Glycol Market

“Bio-based propylene glycol to witness the fastest growth during the forecast period”

On basis of source, the global propylene glycol market is segented into petroleum-based and bio-based propylene glycol. Petroleum-based propylene glycol is expected to lead the global market during the forecast period,  due to its growing use in the transportation and building & construction industries.

“Unsaturated polyester resin to be the largest application segment during the forecast period”

Unsaturated polyester resin is expected to dominate the global propylene glycol market during the forecast period, followed by antifreeze & functional fluids and pharmaceuticals. The growing building & construction industry, coupled with increasing investments in emerging economies for infrastructural development, is fostering the growth of the propylene glycol market in the unsaturated polyester resin application.

“Transportation to be the largest end-use industry during the forecast period”

On the basis of end-use industry, the global propylene glycol market is segmented into transportation, building & construction, food & beverage, pharmaceuticals, cosmetics & personal care, and others. Transportation is the fastest-growing end-use industry due to the growing automobile sales. The increase in the use of propylene glycols in applications, such as aircraft deicing fluid, automotive coolants, and hydraulic & brake fluids, is also driving the propylene glycol market.

Propylene Glycol Market

“APAC to account for the largest share of the global propylene glycol market during the forecast period”

APAC is expected to account for the largest market share in the global propylene glycol market during the forecast period, in terms of both volume and value. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and South Korea, is projected to make this region an ideal destination for the propylene glycol industry.

Key Market Players

The key market players profiled in the report include as The Dow Chemical Company (US), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (US), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products, LLC (US), Huntsman Corporation (US), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland).

The Dow Chemical Company (US) is one of the leading producers of propylene glycol. The company entered into an exclusive technology partnership with Evonik. They are plan to bring a unique method (HYPROSYN) for directly synthesizing propylene glycol from propylene and hydrogen peroxide. Over 100 Evonik employees worked for years to develop this method. The key element is a novel catalytic system developed by Evonik researchers, which allows direct synthesis of propylene glycol from propylene and hydrogen peroxide in a process offering high yield and comparatively low energy consumption.

LyondellBasell Industries N.V. (Netherlands) is ranked at the second position in the propylene glycol market. The company has undertaken expansion as its growth strategy in the propylene glycol market. For instance, in 2018, it announced to build the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant. The USD 2.4-billion project represents the single-largest capital investment in the company’s history. The facility will be able to produce 470,000 tpy of PO and 1 MMtpy of TBA annually.

Scope of the Report

Report Metric

Details

Years considered for the study
2017–2024

Base year considered

  2018

Forecast period

2019–2024

Units considered

Value (USD Billion), Volume (Kiloton)

Segments covered

Source, Grade, End-use Industry, and Region

Regions covered

APAC, North America, Europe, Middle East & Africa, and South America

Companies profiled

The Dow Chemical Company (US), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (US), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products, LLC (US), Huntsman Corporation (US), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland), among others

This report categorizes the global propylene glycol market based on source, grade, end-use industry, and region.

On the basis of Source, the propylene glycol market has been segmented as follows:

  • Petroleum-based PG
  • Bio-based PG

On the basis of Grade, the propylene glycol market has been segmented as follows:

  • Industrial Grade
    • Unsaturated Polyester Resin
    • Antifreeze & Functional Fluids
    • Liquid Detergents
    • Plasticizers
    • Paints & Coatings
  • Pharmaceutical Grade
    • Food & Beverage
    • Pharmaceuticals
    • Cosmetics
  • Other Applications
    • Animal Feed
    • Tobacco humectants
    • Inks
    • Lacquers
    • Varnishes

On the basis of End-Use Industry, the propylene glycol market has been segmented as follows:

  • Transportation
  • Building & Construction
  • Food & Beverage
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Others
    • Paints & Coatings
    • Consumer Goods
    • Electronics
    • Tobacco
    • Textile industry

On the basis of Region, the propylene glycol market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • Middle East & Arica
  • South America

Key Questions addressed by the report

  • What are the major developments impacting the market?
  • Where will all the developments take the industry in the mid to long term?
  • What are the emerging end-use industries of propylene glycol?
  • What are the major factors impacting the market growth during the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Propylene Glycol: Market Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Base Number Calculation
           2.1.1 Primary and Secondary Research
           2.1.2 Market Size Calculation By End-Use Industry
           2.1.3 Market Size Calculation By Source
    2.2 Forecast Number Calculation
    2.3 Market Engineering Process
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Assumptions
    2.5 Secondary Data
    2.6 Primary Data
           2.6.1 Breakdown of Primary Interviews
           2.6.2 Key Industry Insights

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Propylene Glycol Market
    4.2 APAC Propylene Glycol Market, By Source and Country, 2018
    4.3 Propylene Glycol Market, By Region
    4.4 Propylene Glycol Market Attractiveness

5 Market Overview (Page No. - 36)
    5.1 Introduction
           5.1.1 Pharmaceutical (USP/EP) Grade
           5.1.2 Industrial Grade
    5.2 Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Automotive Industry in APAC and the Middle East & Africa
                    5.3.1.2 Increasing Demand for Petroleum-Based Propylene Glycol in APAC & the Middle East & Africa
                    5.3.1.3 Rising Demand for Processed Food in APAC
                    5.3.1.4 Eco-Friendly Production Process of Propylene Glycol
           5.3.2 Restraints
                    5.3.2.1 Less Product Differentiation of Petroleum-Based Propylene Glycols
                    5.3.2.2 Growth in Demand for Hybrid Vehicles and Increasing Battery Price Parity
                    5.3.2.3 Huge Investment Requirement in R&D for Bio-Based Propylene Glycol
           5.3.3 Opportunities
                    5.3.3.1 Growing Domestic Income and Rising Population in Emerging Economies of APAC
                    5.3.3.2 Rising Demand for Bio-Based Propylene Glycol in Pharmaceutical (USP/EP) Grade Applications
           5.3.4 Challenges
                    5.3.4.1 Volatile Crude Oil Prices

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry

7 Propylene Glycol Market, By Source (Page No. - 46)
    7.1 Introduction
    7.2 Petroleum-Based Propylene Glycol
           7.2.1 Propylene Oxide
    7.3 Bio-Based Propylene Glycol
           7.3.1 Glycerin
           7.3.2 Sorbitol

8 Propylene Glycol Market, By Grade (Page No. - 52)
    8.1 Introduction
    8.2 Unsaturated Polyester Resin
           8.2.1 Reinforced Thermoset
                    8.2.1.1 Reinforced Plastic Laminates
                    8.2.1.2 Sheet Molding Compounds
                    8.2.1.3 Electronic Components
           8.2.2 Non-Reinforced Thermoset
                    8.2.2.1 Synthetic Marble Casting
                    8.2.2.2 Gel Coats
    8.3 Antifreeze & Functional Fluids
           8.3.1 Automotive Coolants
           8.3.2 Hydraulic & Brake Fluid
           8.3.3 Aircraft Deicing Fluid
           8.3.4 Heat Transfer Fluid
    8.4 Liquid Detergents
           8.4.1 Household & Dishwashing
           8.4.2 Industrial Soaps & Cleaning Fluids
    8.5 Plasticizers
           8.5.1 Cellophane Film
           8.5.2 Phenolic Resin
    8.6 Paints & Coatings
    8.7 Food & Beverage
           8.7.1 Dairies
    8.8 Pharmaceuticals
           8.8.1 Dental Care
           8.8.2 Therapeutic Drugs and Medicines
    8.9 Cosmetics
           8.9.1 Skincare
    8.10 Other Applications

9 Propylene Glycol Market, By End-Use Industry (Page No. - 73)
    9.1 Introduction
    9.2 Transportation
           9.2.1 Automotive
           9.2.2 Aerospace
           9.2.3 Marine
    9.3 Building & Construction
    9.4 Food & Beverage
    9.5 Pharmaceuticals
    9.6 Cosmetics & Personal Care
    9.7 Others

10 Propylene Glycol Market, By Region (Page No. - 85)
     10.1 Introduction
     10.2 APAC
             10.2.1 China
                        10.2.1.1 Leading Global Companies are Focusing on Expanding Their Businesses in the Country
             10.2.2 India
                        10.2.2.1 The Growing Manufacturing Sector is Driving the Demand for Propylene Glycol
             10.2.3 Japan
                        10.2.3.1 The Country is Known for Advanced Technology and Innovation-Driven Approach Across All the Sectors
             10.2.4 South Korea
                        10.2.4.1 South Korea has One of the Largest Automotive Industries in the World
             10.2.5 Australia & New Zealand
                        10.2.5.1 The Rapid Development of the Country, Supported By Viable Economic Policies, is Helping in the Market Growth
     10.3 North America
             10.3.1 US
                        10.3.1.1 The Presence of Major Oil & Gas Giants in the Country are Driving the Market for Propylene Glycol
             10.3.2 Canada
                        10.3.2.1 The Market in the Country is Witnessing Strong Competition From That in the Emerging Economies of APAC and the Middle East
             10.3.3 Mexico
                        10.3.3.1 Booming Industrialization and Rising Population are Expected to Increase the Demand for Propylene Glycol
     10.4 Europe
             10.4.1 Russia
                        10.4.1.1 Growing Automobile Industry is Positively Influencing the Propylene Glycol Market in Russia
             10.4.2 Germany
                        10.4.2.1 The Growing Automotive Industry is Expected to Drive the Demand for Propylene Glycol
             10.4.3 UK
                        10.4.3.1 The Government’s Plans for Infrastructure Spending are Expected to Drive the Propylene Glycol Market
             10.4.4 France
                        10.4.4.1 All the Major End-Use Industries of Propylene Glycol are Growing in the Country
             10.4.5 Italy
                        10.4.5.1 Complete Economic Recovery is Expected to Fuel the Market in the Future
             10.4.6 Spain
                        10.4.6.1 Spain Exports A Significant Percentage of Vehicles Produced in the Country
     10.5 Middle East & Africa
             10.5.1 South Africa
                        10.5.1.1 The Country is Witnessing Increased Demand for Automobiles, Which is Aiding the Propylene Glycol Market
             10.5.2 Turkey
                        10.5.2.1 as One of the Newly Industrialized Countries, Turkey has Immense Opportunities for Market Growth
             10.5.3 Iran
                        10.5.3.1 Government Expenditure on Infrastructural Growth is Helpful for Market Growth
     10.6 South America
             10.6.1 Brazil
                        10.6.1.1 Rapidly Expanding Economy Stimulated By Increasing Investments is Expected to Drive the Demand for Propylene Glycol
             10.6.2 Argentina
                        10.6.2.1 The Growing Construction Industry is Expected to Drive the Demand for Propylene Glycol

11 Competitive Landscape (Page No. - 132)
     11.1 Overview
     11.2 Competitive Leadership Mapping (Overall Market)
             11.2.1 Innovators
             11.2.2 Visionary Leaders
     11.3 Strength of Product Portfolio (10 Players)
     11.4 Business Strategy Excellence (10 Players)
     11.5 Competitive Leadership Mapping (SMSE)
             11.5.1 Progressive Companies
             11.5.2 Responsive Companies
             11.5.3 Dynamic Companies
             11.5.4 Starting Blocks
     11.6 Strength of Product Portfolio (16 Players)
     11.7 Business Strategy Excellence (16 Players)
     11.8 Market Share of Key Players
             11.8.1 The DOW Chemical Company (US)
             11.8.2 Lyondellbasedll Industries N.V. (Netherlands)
             11.8.3 Global Bio-Chem Technology Group Co., LTD. (China)
             11.8.4 Ineos Oxide (Switzerland)
     11.9 Competitive Situations and Trends
             11.9.1 Expansions
             11.9.2 Partnerships
             11.9.3 Contracts & Agreements

12 Company Profiles (Page No. - 143)
     12.1 The DOW Chemical Company
     12.2 LyondellBasell Industries N.V.
     12.3 Archer Daniels Midland Company (ADM)
     12.4 BASF SE
     12.5 Huntsman Corporation
     12.6 Global Bio-Chem Technology Group Co., LTD.
     12.7 SKC Co., LTD.
     12.8 DuPont Tate & Lyle Bio Products, LLC
     12.9 Royal Dutch Shell PLC.
     12.10 Temix Oleo S.R.L.
     12.11 Other Key Market Players
             12.11.1 Ineos Oxide (Switzerland)
             12.11.2 Asahi Glass Co., LTD. (Japan)
             12.11.3 Adeka Corporation (Japan)
             12.11.4 Manali Petrochemicals Limited (India)
             12.11.5 Qingdao Shida Chemical Co., LTD. (China)
             12.11.6 Tongling Jintai Chemical Industrial Co., LTD. (China)
             12.11.7 Dongying Hi-Tech Spring Chemical Industrial Co., LTD. (China)
             12.11.8 Shandong Depu Chemical Industry Science and Technology Co., LTD (China)
             12.11.9 Chaoyang Chemicals, Inc. (U.S.)
             12.11.10 Oleon Nv (Belgium)
             12.11.11 Golden Dyechem (India)
             12.11.12 Haike Chemical Group (China)
             12.11.13 Helm AG (Germany)
             12.11.14 Oxyde Belgium B.V. (Belgium)
             12.11.15 Arrow Chemical Group Corp. (China)
             12.11.16 Trinternational, Inc. (US)

13 Appendix (Page No. - 170)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (128 Tables)

Table 1 Propylene Glycol: Physical and Chemical Properties
Table 2 Increased Vehicle Sales and Higher Motorization Rate
Table 3 Industrial Growth Rate of Countries in APAC, 2018
Table 4 Top 10 Economies By GDP in PPP Terms, 2018
Table 5 Propylene Glycol Market Size, By Source, 2017–2024 (Kiloton)
Table 6 Propylene Glycol Market Size, By Source, 2017–2024 (USD Million)
Table 7 Petroleum-Based Propylene Glycol Market Size, By Region, 2017–2024 (Kiloton)
Table 8 Petroleum-Based Propylene Glycol Market Size, By Region, 2017–2024 (USD Million)
Table 9 Bio-Based Propylene Glycol Market Size, By Region, 2017–2024 (Kiloton)
Table 10 Bio-Based Propylene Glycol Market Size, By Region, 2017–2024 (USD Million)
Table 11 Propylene Glycol: Application and Subsegment
Table 12 Propylene Glycol Market Size, By Grade, 2017–2024 (Kiloton)
Table 13 Propylene Glycol Market Size, By Grade, 2017–2024 (USD Million)
Table 14 Propylene Glycol Market Size in Unsaturated Polyester Resin Application, By Region, 2017–2024 (Kiloton)
Table 15 Propylene Glycol Market Size in Unsaturated Polyester Resin Application, By Region, 2017–2024 (USD Million)
Table 16 Propylene Glycol Market Size in Antifreeze & Functional Fluids Application, By Region, 2017–2024 (Kiloton)
Table 17 Propylene Glycol Market Size in Antifreeze & Functional Fluids Application, By Region, 2017–2024 (USD Million)
Table 18 Propylene Glycol Market Size in Liquid Detergents Application, By Region, 2017–2024 (Kiloton)
Table 19 Propylene Glycol Market Size in Liquid Detergents Application, By Region, 2017–2024 (USD Million)
Table 20 Propylene Glycol Market Size in Plasticizers Application, By Region, 2017–2024 (Kiloton)
Table 21 Propylene Glycol Market Size in Plasticizers Application, By Region, 2017–2024 (USD Million)
Table 22 Propylene Glycol Market Size in Paints & Coatings Application, By Region, 2017–2024 (Kiloton)
Table 23 Propylene Glycol Market Size in Paints & Coatings Application, By Region, 2017–2024 (USD Million)
Table 24 Propylene Glycol Market Size in Food & Beverage Application, By Region, 2017–2024 (Kiloton)
Table 25 Propylene Glycol Market Size in Food & Beverage Application, By Region, 2017–2024 (USD Million)
Table 26 Propylene Glycol Market Size in Pharmaceuticals Application, By Region, 2017–2024 (Kiloton)
Table 27 Propylene Glycol Market Size in Pharmaceuticals Application, By Region, 2017–2024 (USD Million)
Table 28 Propylene Glycol Market Size in Cosmetics & Personal Care Application, By Region, 2017–2024 (Kiloton)
Table 29 Propylene Glycol Market Size in Cosmetics & Personal Care Application, By Region, 2017–2024 (USD Million)
Table 30 Propylene Glycol Market Size in Other Applications, By Region, 2017–2024 (Kiloton)
Table 31 Propylene Glycol Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 32 Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 33 Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 34 Propylene Glycol Market Size in Transportation Industry, By Region, 2017–2024 (Kiloton)
Table 35 Propylene Glycol Market Size in Transportation Industry, By Region, 2017–2024 (USD Million)
Table 36 Propylene Glycol Market Size in Building & Construction Industry, By Region, 2017–2024 (Kiloton)
Table 37 Propylene Glycol Market Size in Building & Construction Industry, By Region, 2017–2024 (USD Million)
Table 38 Propylene Glycol Market Size in Food & Beverage Industry, By Region, 2017–2024 (Kiloton)
Table 39 Propylene Glycol Market Size in Food & Beverage Industry, By Region, 2017–2024 (USD Million)
Table 40 Propylene Glycol Market Size in Pharmaceuticals Industry, By Region, 2017–2024 (Kiloton)
Table 41 Propylene Glycol Market Size in Pharmaceuticals Industry, By Region, 2017–2024 (USD Million)
Table 42 Propylene Glycol Market Size in Cosmetics & Personal Care Industry, By Region, 2017–2024 (Kiloton)
Table 43 Propylene Glycol Market Size in Cosmetics & Personal Care Industry, By Region, 2017–2024 (USD Million)
Table 44 Propylene Glycol Market Size in Other End-Use Industries, By Region, 2017–2024 (Kiloton)
Table 45 Propylene Glycol Market Size in Other End-Use Industries, By Region, 2017–2024 (USD Million)
Table 46 Propylene Glycol Market Size, By Region, 2017–2024 (Kiloton)
Table 47 Propylene Glycol Market Size, By Region, 2017–2024 (USD Million)
Table 48 APAC: Propylene Glycol Market Size, By Country, 2017–2024 (Kiloton)
Table 49 APAC: Propylene Glycol Market Size, By Country, 2017–2024 (USD Million)
Table 50 APAC: Propylene Glycol Market Size, By Source, 2017–2024 (Kiloton)
Table 51 APAC: Propylene Glycol Market Size, By Source, 2017–2024 (USD Million)
Table 52 APAC: Propylene Glycol Market Size, By Grade, 2017–2024 (Kiloton)
Table 53 APAC: Propylene Glycol Market Size, By Grade, 2017–2024 (USD Million)
Table 54 APAC: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 55 APAC: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 56 China: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 57 China: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 58 India: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 59 India: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 60 Japan: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 61 Japan: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 62 South Korea: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 63 South Korea: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 64 Australia & New Zealand: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 65 Australia & New Zealand: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 66 North America: Propylene Glycol Market Size, By Country, 2017–2024 (Kiloton)
Table 67 North America: Propylene Glycol Market Size, By Country, 2017–2024 (USD Million)
Table 68 North America: Propylene Glycol Market Size, By Source, 2017–2024 (Kiloton)
Table 69 North America: Propylene Glycol Market Size, By Source, 2017–2024 (USD Million)
Table 70 North America: Propylene Glycol Market Size, By Grade, 2017–2024 (Kiloton)
Table 71 North America: Propylene Glycol Market Size, By Grade, 2017–2024 (USD Million)
Table 72 North America: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 73 North America: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 74 US: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 75 US: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 76 Canada: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 77 Canada: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 78 Mexico: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 79 Mexico: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 80 Europe: Propylene Glycol Market Size, By Country, 2017–2024 (Kiloton)
Table 81 Europe: Propylene Glycol Market Size, By Country, 2017–2024 (USD Million)
Table 82 Europe: Propylene Glycol Market Size, By Source, 2017–2024 (Kiloton)
Table 83 Europe: Propylene Glycol Market Size, By Source, 2017–2024 (USD Million)
Table 84 Europe: Propylene Glycol Market Size, By Grade, 2017–2024 (Kiloton)
Table 85 Europe: Propylene Glycol Market Size, By Grade, 2017–2024 (USD Million)
Table 86 Europe: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 87 Europe: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 88 Russia: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 89 Russia: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 90 Germany: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 91 Germany: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 92 UK: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 93 UK: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 94 France: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 95 France: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 96 Italy: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 97 Italy: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 98 Spain: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 99 Spain: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 100 Middle East & Africa: Propylene Glycol Market Size, By Country, 2017–2024 (USD Million)
Table 101 Middle East & Africa: Propylene Glycol Market Size, By Country, 2017–2024 (Kiloton)
Table 102 Middle East & Africa: Propylene Glycol Market Size, By Source, 2017–2024 (Kiloton)
Table 103 Middle East & Africa: Propylene Glycol Market Size, By Source, 2017–2024 (USD Million)
Table 104 Middle East & Africa: Propylene Glycol Market Size, By Grade, 2017–2024 (Kiloton)
Table 105 Middle East & Africa: Propylene Glycol Market Size, By Grade, 2017–2024 (USD Million)
Table 106 Middle East & Africa: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 107 Middle East & Africa: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 108 South Africa: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 109 South Africa: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 110 Turkey: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 111 Turkey: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 112 Iran: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 113 Iran: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 114 South America: Propylene Glycol Market Size, By Country, 2017–2024 (Kiloton)
Table 115 South America: Propylene Glycol Market Size, By Country, 2017–2024 (USD Million)
Table 116 South America: Propylene Glycol Market Size, By Source, 2017–2024 (Kiloton)
Table 117 South America: Propylene Glycol Market Size, By Source, 2017–2024 (USD Million)
Table 118 South America: Propylene Glycol Market Size, By Grade, 2017–2024 (Kiloton)
Table 119 South America: Propylene Glycol Market Size, By Grade, 2017–2024 (USD Million)
Table 120 South America: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 121 South America: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 122 Brazil: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 123 Brazil: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 124 Argentina: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 125 Argentina: Propylene Glycol Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 126 Expansions, 2017–2018
Table 127 Partnerships, 2018–2019
Table 128 Contracts & Agreements, 2019


List of Figures (54 Figures)

Figure 1 Propylene Glycol Market: Bottom-Up Approach
Figure 2 Propylene Glycol Market: Top-Down Approach
Figure 3 Petroleum-Based Propylene Glycol to Dominate the Propylene Glycol Market Between 2019 and 2024
Figure 4 Unsaturated Polyester Resin to Remain the Largest Application Segment During the Forecast Period
Figure 5 Transportation Segment to Lead the Propylene Glycol Market Between 2019 and 2024
Figure 6 APAC to Register the Highest CAGR in the Propylene Glycol Market
Figure 7 The Global Propylene Glycol Market to Witness Moderate Growth Between 2019 and 2024
Figure 8 China Accounted for the Largest Market Share
Figure 9 APAC to Be the Key Market for Propylene Glycol Between 2019 and 2024
Figure 10 China to Be the Fastest-Growing Market, Globally
Figure 11 Development Stages of Propylene Glycol
Figure 12 Drivers, Restraints, Opportunities, and Challenges in the Propylene Glycol Market
Figure 13 Porter’s Five Forces Analysis
Figure 14 Petroleum-Based Propylene Glycol to Dominate the Global Market
Figure 15 APAC to Be the Largest Petroleum-Based Propylene Glycol Market Between 2019 and 2024
Figure 16 North America to Be the Largest Bio-Based Propylene Glycol Market
Figure 17 Unsaturated Polyester Resin Application to Lead the Propylene Glycol Market
Figure 18 APAC to Lead the Propylene Glycol Market for Unsaturated Polyester Resin Application
Figure 19 Europe to Lead the Propylene Glycol Market in Antifreeze & Functional Fluids Application
Figure 20 APAC to Dominate the Market in the Liquid Detergents Application
Figure 21 APAC to Be the Largest Propylene Glycol Market in the Plasticizers Application
Figure 22 APAC to Be the Largest Propylene Glycol Market in the Paints & Coatings Application
Figure 23 APAC to Be the Largest Propylene Glycol Market for Food & Beverage Application
Figure 24 APAC to Be the Largest Propylene Glycol Market in Pharmaceuticals Application
Figure 25 APAC to Be the Largest Propylene Glycol Market in Cosmetics & Personal Care Application
Figure 26 North America to Lead the Propylene Glycol Market in Other Applications
Figure 27 Transportation Industry to Lead the Propylene Glycol Market During 2019–2024
Figure 28 APAC to Be Largest Propylene Glycol Market in the Transportation Sector During the Forecast Period
Figure 29 APAC to Lead the Propylene Glycol Market in Building & Construction Between 2019 and 2024
Figure 30 Europe to Be Largest Consumer of Propylene Glycol Market in Food & Beverage Application
Figure 31 North America to Be Largest Propylene Glycol Market in Pharmaceuticals Industry Between 2019 and 2024
Figure 32 Europe to Be Largest Propylene Glycol Market in Cosmetics & Personal Care Industry Between 2019 and 2024
Figure 33 APAC to Lead the Propylene Glycol Market in Other End-Use Industries During the Forecast Period
Figure 34 APAC to Register the Highest CAGR During the Forecast Period
Figure 35 APAC: Propylene Glycol Market Snapshot
Figure 36 North America: Propylene Glycol Market Snapshot
Figure 37 Europe: Propylene Glycol Market Snapshot
Figure 38 Propylene Glycol Market (Global) Competitive Leadership Mapping, 2018
Figure 39 Propylene Glycol Market (SMSE) Competitive Leadership Mapping, 2018
Figure 40 Expansion is the Most Preferred Growth Strategy Adopted By Major Players Between 2017 and 2019
Figure 41 Propylene Glycol Market Share, By Company, 2018
Figure 42 The DOW Chemical Company: Company Snapshot
Figure 43 The DOW Chemical Company: Winning Imperatives
Figure 44 LyondellBasell Industries N.V.: Company Snapshot
Figure 45 LyondellBasell Industries N.V.: Winning Imperatives
Figure 46 Archer Daniels Midland Company: Company Snapshot
Figure 47 Archer Daniels Midland Company: Winning Imperatives
Figure 48 BASF SE: Company Snapshot
Figure 49 BASF SE: Winning Imperatives
Figure 50 Huntsman Corporation: Company Snapshot
Figure 51 Huntsman Corporation: Winning Imperatives
Figure 52 Global Bio-Chem Technology Group Co., LTD.: Company Snapshot
Figure 53 SKC Co., LTD.: Company Snapshot
Figure 54 Royal Dutch Shell PLC.: Company Snapshot

The study involved four major activities in estimating the market size for propylene glycol. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The propylene glycol market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by end-use industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Propylene Glycol Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the propylene glycol market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of propylene glycol.

Report Objectives

  • To analyze and forecast the size of the propylene glycol market in terms of value and volume
  • To provide detailed information regarding key factors—drivers, restraints,  opportunities, and challenges—influencing the growth of the market
  • To define, describe, and segment the propylene glycol market based on source, grade, and end-use industry
  • To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country, additional end-use industry, and/or type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 2729
Published ON
Jan, 2020
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