Propylene glycol, additionally distinguished as propane 1, 2-diol as indicated by International Union of Pure and Applied Chemistry classification, is a manufactured natural compound. It is delivered from oil based commodities just as it is bio-based and outfitted with certain unconventional characteristics, for example, remarkable solidness, high blaze and breaking point, just as low fume weight and expansive dissolvability. Inferable from such attributes it has discovered enormous extent of mechanical application to make items, for example, unsaturated polyester sap, coolants and radiator fluid, water driven and brake liquid, airplane deicing liquid, and paints and coatings.
MARKET DYNAMICS
Propylene glycol is additionally utilized broadly in the assembling of unsaturated polyester saps reinforced with fiberglass utilized in development boards, washroom parts, fittings, consumption safe tanks, and recreational vehicles. Propylene glycol is likewise utilized broadly in the assembling of unsaturated polyester gums fortified with fiberglass utilized in development boards, washroom parts, fittings, erosion safe tanks, and recreational vehicles. All the previously mentioned factors are relied upon to drive the market during the estimate time. Likewise, the utilization of propylene glycol as the significant part in motor coolants, deicing fluids, liquid catalyst and production of base liquids for airplane deicing plans and nourishment industry coolants will help the overall market.Propylene glycol, additionally distinguished as propane 1, 2-diol as indicated by International Union of Pure and Applied Chemistry terminology, is an engineered natural compound. It is created from oil based commodities just as it is bio-based and outfitted with certain particular characteristics, for example, extraordinary solidness, high glimmer and breaking point, just as low fume weight and expansive dissolvability. Attributable to such qualities it has discovered gigantic extent of mechanical application to make items, for example, unsaturated polyester sap, coolants and liquid catalyst, water driven and brake liquid, airplane deicing liquid, and paints and coatings. Also, the utilization of propylene glycol as the significant segment in motor coolants, deicing liquids, antifreeze and formation of base liquids for airplane deicing definitions and nourishment industry coolants will help the overall market. All the previously mentioned factors are required to drive the market during the estimate time.
MARKET SCOPE
The "Global Propylene Glycol Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the propylene glycol market with detailed market segmentation by source, grade, end-use industry and geography. The global propylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading propylene glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global propylene glycol market is segmented on the basis of source, grade and end-use industry. On the basis of source, the propylene glycol market is segmented into petroleum-based, bio-based. On the basis of grade, the market is bifurcated into industrial and pharmaceutical. By end-use industry the propylene glycol market is segmented into transportation, building & construction, food & beverage, pharmaceuticals, cosmetics & personal care.
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 propylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The propylene 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 propylene glycol market from both demand and supply side and further evaluates market dynamics affecting the market during 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 propylene glycol market in these regions.
MARKET PLAYERS
The reports cover key developments in the propylene 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from propylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for propylene glycols in the global market. Below mentioned is the list of few companies engaged in the propylene glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the propylene 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.
? The Dow Chemical Company
? LyondellBasell Industries N.V.
? BASF SE
? Archer Daniels Midland Company
? Global Bio-chem Technology Group Co., Ltd.
? DuPont Tate & Lyle Bio Products Company, LLC
? Huntsman Corporation
? SKC Co., Ltd.
? Temix Oleo S.R.L.
? Ineos Oxide
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