Global Petroleum-based Propylene Glycol Market Growth 2023-2029

Global Petroleum-based Propylene Glycol Market Growth 2023-2029

The growth of the automotive industry in the Asia-Pacific region and the environmentally friendly production process of bio-based propylene glycol are expected to drive the market in the next few years. The global propylene glycol market is tightly focused on petroleum-based and bio-based propylene glycol. Due to the growing use of petroleum-based propylene glycol in transportation, construction and the construction industry, it is expected to lead the global market during the forecast period.

LPI (LP Information)' newest research report, the “Petroleum-based Propylene Glycol Industry Forecast” looks at past sales and reviews total world Petroleum-based Propylene Glycol sales in 2022, providing a comprehensive analysis by region and market sector of projected Petroleum-based Propylene Glycol sales for 2023 through 2029. With Petroleum-based Propylene Glycol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Petroleum-based Propylene Glycol industry.

This Insight Report provides a comprehensive analysis of the global Petroleum-based Propylene Glycol landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Petroleum-based Propylene Glycol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Petroleum-based Propylene Glycol market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Petroleum-based Propylene Glycol and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Petroleum-based Propylene Glycol.

The global Petroleum-based Propylene Glycol market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Petroleum-based Propylene Glycol is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Petroleum-based Propylene Glycol is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Petroleum-based Propylene Glycol is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Petroleum-based Propylene Glycol players cover The Dow Chemical Company, LyondellBasell Industries, BASF SE, Archer Daniels Midland Company, Global Bio-chem Technology Group, Huntsman Corporation and Temix International, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Petroleum-based Propylene Glycol market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Industrial Grade
Pharmaceutical Grade
Other

Segmentation by application
Transportation
Building and Construction
Food and Beverage
Pharmaceuticals
Cosmetics and Personal Care
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
The Dow Chemical Company
LyondellBasell Industries
BASF SE
Archer Daniels Midland Company
Global Bio-chem Technology Group
Huntsman Corporation
Temix International

Key Questions Addressed in this Report

What is the 10-year outlook for the global Petroleum-based Propylene Glycol market?

What factors are driving Petroleum-based Propylene Glycol market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Petroleum-based Propylene Glycol market opportunities vary by end market size?

How does Petroleum-based Propylene Glycol break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.