Global 1,2-Propanediol Market Growth 2023-2029

Global 1,2-Propanediol Market Growth 2023-2029

1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.

The primary outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are used in surface coatings and glass fiber-reinforced resins. The second-largest consumer is functional fluids such as deicing and antifreeze. 1, 2-Propanediol is also used in plasticizers and hydraulic brake fluids. Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and ­tobacco industries. It is also an excellent solvent and extractant.

LPI (LP Information)' newest research report, the “1,2-Propanediol Industry Forecast” looks at past sales and reviews total world 1,2-Propanediol sales in 2022, providing a comprehensive analysis by region and market sector of projected 1,2-Propanediol sales for 2023 through 2029. With 1,2-Propanediol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 1,2-Propanediol industry.

This Insight Report provides a comprehensive analysis of the global 1,2-Propanediol 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 1,2-Propanediol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global 1,2-Propanediol market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 1,2-Propanediol 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 1,2-Propanediol.

The global 1,2-Propanediol market size is projected to grow from US$ 4390.4 million in 2022 to US$ 5714.8 million in 2029; it is expected to grow at a CAGR of 5714.8 from 2023 to 2029.

Global 1,2-Propanediol key players include Dow, Lyondell Basell, INEOS, BASF, ADM, etc. Global top five manufacturers hold a share over 60%.

EU is the largest market, with a share over 25%, followed by USA and China, both have a share over 35%.

In terms of product, Industrial Grade is the largest segment, with a share about 75%. And in terms of application, the largest application is Unsaturated Polyester Resins (UPR), followed by Cosmetics, Pharmaceutics and Food, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of 1,2-Propanediol market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Industrial Grade

Food Grade

Pharmaceutical Grade

Segmentation by application

Unsaturated Polyester Resins (UPR)

Functional Fluids

Cosmetics, Pharmaceutics and Food

Liquid Detergents

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.

DuPont

Lyondell Basell

Huntsman

INEOS

BASF

ADM

Sumitomo Chemical (Nihon Oxirane)

SKC

Repsol

Asahi Kasei

Shell

Tongling Jintai Chemical

Shandong Shida Shenghua Chemical

CNOOC and Shell Petrochemicals

Hi-tech Spring Chemical

Daze Group

Shandong Depu Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global 1,2-Propanediol market?

What factors are driving 1,2-Propanediol market growth, globally and by region?

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

How do 1,2-Propanediol market opportunities vary by end market size?

How does 1,2-Propanediol 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.