Sales of Propylene Glycol Are Poised to Reach a Value of US$ 6.5 Billion by 2032 | Fact.MR

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Demand for Propylene Glycol Will Continue to Steal the Spotlight in Industrial Applications, Says Fact.MR

About two-thirds of the propylene glycol supplied is utilized as chemical feed to manufacture unsaturated polyester resins. Propylene glycol’s industrial applications include the manufacturing of paints and coatings, resins and plastics which are used as intermediates for the production of other chemical substances such as unsaturated polyester resins used in pipes or windmill blades, as well as bath and kitchenware.

Propylene glycol presently is being utilized in a wide range of industrial applications including pharmaceutical and cosmetics which hold a considerable market share. Propylene glycol is also used in tobacco products as a preservative, solvent and a significant component of e-liquid used in vegetable glycerin. Moreover, propylene glycol is also widely used in cosmetics and personal care products which acts as the most prominent driver for the global propylene glycol market.

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Competitive Landscape

Prominent Propylene Glycol providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.

• In October 2020, Dow and Evonik entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity.
• In August 2021, BASF and SINOPEC further expanded their Verbund site operated by BASF-YPC Co., Ltd. (BASF-YPC), a 50-50 joint venture of both companies in Nanjing, China. It includes the capacity expansion of several downstream chemical plants, including a new tert-butyl acrylate plant to support the growing Chinese market.

Key Companies Profiled:

• Dow
• BASF SE
• Sumitomo Chemical Co. Ltd.
• Exxon Mobil Corporation
• INEOS
• LyondellBasell Industries Holdings B.V.
• SABIC
• Asahi Kasei Corporation,
• China Petrochemical Corporation,
• Chevron Phillips Chemical Company,
• Manali Petrochemical

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Key Segments Covered :

• by Source :
  • Petroleum
  • Bio-Based
•  by Type :
  • Industrial Grade
  • Food Grade
  • Pharma Grade
• by End Use :
  • Chemical Intermediary (Unsaturated Polyester Resins, Functional Fluids & Antifreezes)
  • Cosmetic and Personal Care Products
  • Consumer Goods (Liquid Detergents)
  • Food
  • Pharmaceuticals
•  by Primary Function :
  • Emollients (Softener)
  • Solvents
  • Stabilizing Agents
  • Preservative Agents
  • Humectants (Binding Agent)
  • Excipients (Bulking Agent)
  • Others
•  by Region :
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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