Global Propylene Glycol PG Market Research Report 2023(Status and Outlook)

Global Propylene Glycol PG Market Research Report 2023(Status and Outlook)



Report Overview

Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.

Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is “generally recognized as safe” for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.

The major players in global Propylene Glycol (PG) market include Dow, Lyondell Basell Industries, etc. The top 2 players occupy about 40% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Industrial Grade is the main type, with a share about 40%. UPR is the main application, which holds a share about 40%.

The Global Propylene Glycol PG Market Size was estimated at USD 3850.00 million in 2022 and is projected to reach USD 4272.90 million by 2029, exhibiting a CAGR of 1.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Propylene Glycol PG market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Propylene Glycol PG Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Propylene Glycol PG market in any manner.

Global Propylene Glycol PG Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Dow

DuPont

Huntsman

ADM

Polioles

Lyondell Basell Industries

Repsol

BASF

Oelon

Sumitomo Chemical

Asahi

ADEKA

SKC

Shell

Shandong Shida Shenghua Chemical

Tongling Jintai Chemical

CNOOC and Shell Petrochemicals

Hi-tech Spring Chemical

Daze Group

Shandong Depu Chemical

Market Segmentation (by Type)

Industrial Grade

Food Grade

Pharmaceutical Grade

Market Segmentation (by Application)

Hospitals

Clinics

Ambulatory Surgical Centers

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Propylene Glycol PG Market

Overview of the regional outlook of the Propylene Glycol PG Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Propylene Glycol PG
1.2 Key Market Segments
1.2.1 Propylene Glycol PG Segment by Type
1.2.2 Propylene Glycol PG Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Propylene Glycol PG Market Overview
2.1 Global Market Overview
2.1.1 Global Propylene Glycol PG Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Propylene Glycol PG Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Propylene Glycol PG Market Competitive Landscape
3.1 Global Propylene Glycol PG Sales by Manufacturers (2018-2023)
3.2 Global Propylene Glycol PG Revenue Market Share by Manufacturers (2018-2023)
3.3 Propylene Glycol PG Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Propylene Glycol PG Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Propylene Glycol PG Sales Sites, Area Served, Product Type
3.6 Propylene Glycol PG Market Competitive Situation and Trends
3.6.1 Propylene Glycol PG Market Concentration Rate
3.6.2 Global 5 and 10 Largest Propylene Glycol PG Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Propylene Glycol PG Industry Chain Analysis
4.1 Propylene Glycol PG Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Propylene Glycol PG Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Propylene Glycol PG Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Propylene Glycol PG Sales Market Share by Type (2018-2023)
6.3 Global Propylene Glycol PG Market Size Market Share by Type (2018-2023)
6.4 Global Propylene Glycol PG Price by Type (2018-2023)
7 Propylene Glycol PG Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Propylene Glycol PG Market Sales by Application (2018-2023)
7.3 Global Propylene Glycol PG Market Size (M USD) by Application (2018-2023)
7.4 Global Propylene Glycol PG Sales Growth Rate by Application (2018-2023)
8 Propylene Glycol PG Market Segmentation by Region
8.1 Global Propylene Glycol PG Sales by Region
8.1.1 Global Propylene Glycol PG Sales by Region
8.1.2 Global Propylene Glycol PG Sales Market Share by Region
8.2 North America
8.2.1 North America Propylene Glycol PG Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Propylene Glycol PG Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Propylene Glycol PG Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Propylene Glycol PG Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Propylene Glycol PG Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Dow
9.1.1 Dow Propylene Glycol PG Basic Information
9.1.2 Dow Propylene Glycol PG Product Overview
9.1.3 Dow Propylene Glycol PG Product Market Performance
9.1.4 Dow Business Overview
9.1.5 Dow Propylene Glycol PG SWOT Analysis
9.1.6 Dow Recent Developments
9.2 DuPont
9.2.1 DuPont Propylene Glycol PG Basic Information
9.2.2 DuPont Propylene Glycol PG Product Overview
9.2.3 DuPont Propylene Glycol PG Product Market Performance
9.2.4 DuPont Business Overview
9.2.5 DuPont Propylene Glycol PG SWOT Analysis
9.2.6 DuPont Recent Developments
9.3 Huntsman
9.3.1 Huntsman Propylene Glycol PG Basic Information
9.3.2 Huntsman Propylene Glycol PG Product Overview
9.3.3 Huntsman Propylene Glycol PG Product Market Performance
9.3.4 Huntsman Business Overview
9.3.5 Huntsman Propylene Glycol PG SWOT Analysis
9.3.6 Huntsman Recent Developments
9.4 ADM
9.4.1 ADM Propylene Glycol PG Basic Information
9.4.2 ADM Propylene Glycol PG Product Overview
9.4.3 ADM Propylene Glycol PG Product Market Performance
9.4.4 ADM Business Overview
9.4.5 ADM Propylene Glycol PG SWOT Analysis
9.4.6 ADM Recent Developments
9.5 Polioles
9.5.1 Polioles Propylene Glycol PG Basic Information
9.5.2 Polioles Propylene Glycol PG Product Overview
9.5.3 Polioles Propylene Glycol PG Product Market Performance
9.5.4 Polioles Business Overview
9.5.5 Polioles Propylene Glycol PG SWOT Analysis
9.5.6 Polioles Recent Developments
9.6 Lyondell Basell Industries
9.6.1 Lyondell Basell Industries Propylene Glycol PG Basic Information
9.6.2 Lyondell Basell Industries Propylene Glycol PG Product Overview
9.6.3 Lyondell Basell Industries Propylene Glycol PG Product Market Performance
9.6.4 Lyondell Basell Industries Business Overview
9.6.5 Lyondell Basell Industries Recent Developments
9.7 Repsol
9.7.1 Repsol Propylene Glycol PG Basic Information
9.7.2 Repsol Propylene Glycol PG Product Overview
9.7.3 Repsol Propylene Glycol PG Product Market Performance
9.7.4 Repsol Business Overview
9.7.5 Repsol Recent Developments
9.8 BASF
9.8.1 BASF Propylene Glycol PG Basic Information
9.8.2 BASF Propylene Glycol PG Product Overview
9.8.3 BASF Propylene Glycol PG Product Market Performance
9.8.4 BASF Business Overview
9.8.5 BASF Recent Developments
9.9 Oelon
9.9.1 Oelon Propylene Glycol PG Basic Information
9.9.2 Oelon Propylene Glycol PG Product Overview
9.9.3 Oelon Propylene Glycol PG Product Market Performance
9.9.4 Oelon Business Overview
9.9.5 Oelon Recent Developments
9.10 Sumitomo Chemical
9.10.1 Sumitomo Chemical Propylene Glycol PG Basic Information
9.10.2 Sumitomo Chemical Propylene Glycol PG Product Overview
9.10.3 Sumitomo Chemical Propylene Glycol PG Product Market Performance
9.10.4 Sumitomo Chemical Business Overview
9.10.5 Sumitomo Chemical Recent Developments
9.11 Asahi
9.11.1 Asahi Propylene Glycol PG Basic Information
9.11.2 Asahi Propylene Glycol PG Product Overview
9.11.3 Asahi Propylene Glycol PG Product Market Performance
9.11.4 Asahi Business Overview
9.11.5 Asahi Recent Developments
9.12 ADEKA
9.12.1 ADEKA Propylene Glycol PG Basic Information
9.12.2 ADEKA Propylene Glycol PG Product Overview
9.12.3 ADEKA Propylene Glycol PG Product Market Performance
9.12.4 ADEKA Business Overview
9.12.5 ADEKA Recent Developments
9.13 SKC
9.13.1 SKC Propylene Glycol PG Basic Information
9.13.2 SKC Propylene Glycol PG Product Overview
9.13.3 SKC Propylene Glycol PG Product Market Performance
9.13.4 SKC Business Overview
9.13.5 SKC Recent Developments
9.14 Shell
9.14.1 Shell Propylene Glycol PG Basic Information
9.14.2 Shell Propylene Glycol PG Product Overview
9.14.3 Shell Propylene Glycol PG Product Market Performance
9.14.4 Shell Business Overview
9.14.5 Shell Recent Developments
9.15 Shandong Shida Shenghua Chemical
9.15.1 Shandong Shida Shenghua Chemical Propylene Glycol PG Basic Information
9.15.2 Shandong Shida Shenghua Chemical Propylene Glycol PG Product Overview
9.15.3 Shandong Shida Shenghua Chemical Propylene Glycol PG Product Market Performance
9.15.4 Shandong Shida Shenghua Chemical Business Overview
9.15.5 Shandong Shida Shenghua Chemical Recent Developments
9.16 Tongling Jintai Chemical
9.16.1 Tongling Jintai Chemical Propylene Glycol PG Basic Information
9.16.2 Tongling Jintai Chemical Propylene Glycol PG Product Overview
9.16.3 Tongling Jintai Chemical Propylene Glycol PG Product Market Performance
9.16.4 Tongling Jintai Chemical Business Overview
9.16.5 Tongling Jintai Chemical Recent Developments
9.17 CNOOC and Shell Petrochemicals
9.17.1 CNOOC and Shell Petrochemicals Propylene Glycol PG Basic Information
9.17.2 CNOOC and Shell Petrochemicals Propylene Glycol PG Product Overview
9.17.3 CNOOC and Shell Petrochemicals Propylene Glycol PG Product Market Performance
9.17.4 CNOOC and Shell Petrochemicals Business Overview
9.17.5 CNOOC and Shell Petrochemicals Recent Developments
9.18 Hi-tech Spring Chemical
9.18.1 Hi-tech Spring Chemical Propylene Glycol PG Basic Information
9.18.2 Hi-tech Spring Chemical Propylene Glycol PG Product Overview
9.18.3 Hi-tech Spring Chemical Propylene Glycol PG Product Market Performance
9.18.4 Hi-tech Spring Chemical Business Overview
9.18.5 Hi-tech Spring Chemical Recent Developments
9.19 Daze Group
9.19.1 Daze Group Propylene Glycol PG Basic Information
9.19.2 Daze Group Propylene Glycol PG Product Overview
9.19.3 Daze Group Propylene Glycol PG Product Market Performance
9.19.4 Daze Group Business Overview
9.19.5 Daze Group Recent Developments
9.20 Shandong Depu Chemical
9.20.1 Shandong Depu Chemical Propylene Glycol PG Basic Information
9.20.2 Shandong Depu Chemical Propylene Glycol PG Product Overview
9.20.3 Shandong Depu Chemical Propylene Glycol PG Product Market Performance
9.20.4 Shandong Depu Chemical Business Overview
9.20.5 Shandong Depu Chemical Recent Developments
10 Propylene Glycol PG Market Forecast by Region
10.1 Global Propylene Glycol PG Market Size Forecast
10.2 Global Propylene Glycol PG Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Propylene Glycol PG Market Size Forecast by Country
10.2.3 Asia Pacific Propylene Glycol PG Market Size Forecast by Region
10.2.4 South America Propylene Glycol PG Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Propylene Glycol PG by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Propylene Glycol PG Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Propylene Glycol PG by Type (2024-2029)
11.1.2 Global Propylene Glycol PG Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Propylene Glycol PG by Type (2024-2029)
11.2 Global Propylene Glycol PG Market Forecast by Application (2024-2029)
11.2.1 Global Propylene Glycol PG Sales (K MT) Forecast by Application
11.2.2 Global Propylene Glycol PG Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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