Monopropylene glycol is defined as artificial organic compound, colorless and odorless in nature and is also known by propane-1, 2-diol. It is a derivative of propylene oxide, known for its low toxicity and its application base in antifreezes, industrial coolants and others. With the growth of end use industries such as chemicals, cosmetics and personal care, pharmaceutical, Chemical and Material and others, the demand for Monopropylene Glycol is expeceted to rise.
MARKET DYNAMICS
The monopropylene glycol market has witnessed a significant growth owing to factors such as growth of end use industries. Moreover, rising use of monopropylene glycol in production of unsaturated polyester resins provides a huge market opportunity for the key players operating in the monopropylene glycol market. However, side effects of consuming medicines composed of monopropylene glycol may restrain the overall growth of the Monopropylene Glycol market.
MARKET SCOPE
The "Global Monopropylene Glycol Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Monopropylene Glycol market with detailed market segmentation by grade, application, source and end use and geography. The global Monopropylene Glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Monopropylene Glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global monopropylene glycol market is segmented on the basis of grade, application, source and end use. On the basis of grade, the monopropylene glycol market is segmented into technical, food and pharmaceutical. Based on application, the global Monopropylene Glycol market is divided Unsaturated Polyester Resin (UPR), polyester fiber production, food additive, heat transfer fluid, pharmaceutical solvent and others. Based on application, the global monopropylene glycol market is divided synthetic and bio-based. Based on application, the global monopropylene glycol market is divided chemicals, cosmetics and personal care, pharmaceutical, Chemical and Material and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Monopropylene Glycol market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Monopropylene Glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Monopropylene Glycol market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Monopropylene Glycol market in these regions.
MARKET PLAYERS
The reports cover key developments in the Monopropylene Glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Monopropylene Glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for Monopropylene Glycol in the global market. Below mentioned is the list of few companies engaged in the Monopropylene Glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Monopropylene Glycol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adeka Corporation
- AGC Inc.
- Archer Daniels Midland Company
- BASF SE
- Huntsman Corporation
- LyondellBasell Industries N.V.
- Oleon NV
- Royal Dutch Shell PLC
- Sumitomo Chemical Co., Ltd
- The Dow Chemical Company
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