Global Propylene Glycol (PG) Market Research Report 2024(Status and Outlook)

Global Propylene Glycol (PG) Market Research Report 2024(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 Global Propylene Glycol (PG) Market Size was estimated at USD 3902.57 million in 2023 and is projected to reach USD 4267.24 million by 2029, exhibiting a CAGR of 1.50% during the forecast period.

This 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)

UPR

PPG

Pharmaceuticals and Food

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

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Propylene Glycol (PG) Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


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 (2019-2030)
2.1.2 Global Propylene Glycol (PG) Sales Estimates and Forecasts (2019-2030)
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 (2019-2024)
3.2 Global Propylene Glycol (PG) Revenue Market Share by Manufacturers (2019-2024)
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 (2019-2024)
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 (2019-2024)
6.3 Global Propylene Glycol (PG) Market Size Market Share by Type (2019-2024)
6.4 Global Propylene Glycol (PG) Price by Type (2019-2024)
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 (2019-2024)
7.3 Global Propylene Glycol (PG) Market Size (M USD) by Application (2019-2024)
7.4 Global Propylene Glycol (PG) Sales Growth Rate by Application (2019-2024)
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 Propylene Glycol (PG) SWOT Analysis
9.3.5 Huntsman Business Overview
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 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 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 (2025-2030)
11.1 Global Propylene Glycol (PG) Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Propylene Glycol (PG) by Type (2025-2030)
11.1.2 Global Propylene Glycol (PG) Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Propylene Glycol (PG) by Type (2025-2030)
11.2 Global Propylene Glycol (PG) Market Forecast by Application (2025-2030)
11.2.1 Global Propylene Glycol (PG) Sales (Kilotons) Forecast by Application
11.2.2 Global Propylene Glycol (PG) Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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