Propylene Glycol Market Emerging Trend, Top Companies, Industry Demand, Business Review and Regional Analysis by 2028

Propylene Glycol Market was valued at USD 4.8 billion in 2021 and is expected to grow at a CAGR of 7% between 2022 and 2028. The propylene glycol market is driven by an increasing demand for unsaturated polyester resins used as reinforced plastics or fiberglass composite in transport, construction, automotive and marine industries. All these markets are growing rapidly and are therefore helping propylene glycol market grow. It is also widely used as de-icing and anti-freeze agent in various industries. The Asia-Pacific region is expected to witness an increase in demand growth. This is due to the region’s thriving automotive, construction and pharmaceutical industries. These industries are greatly helped by the region’s growing consumer disposable income.

 

Top Major Key Player Industries

The Dow Chemical Company
BASF SE
Shell Chemicals
Repsol S.A.
Archer Daniels Midland Company
LyondellBasell Industries Holdings B.V.
Others

by Application

Functional Fluids,
Food,
Drug, and Cosmetics,
Liquid Detergent,
Paints and Coating,
Others

Scope of the Report

The research study analyzes the global Propylene Glycol industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume

Key Questions Answered by Propylene Glycol Market Report

What was the Propylene Glycol Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Propylene Glycol Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Propylene Glycol Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.