Global Propylene Glycol Solvent Market Growth 2023-2029

Global Propylene Glycol Solvent Market Growth 2023-2029

Propylene glycol is a dihydric alcohol, a colorless, odorless, slightly viscous liquid with several excellent features as a solvent. Propylene glycol can be used as a solvent to make paint, cleansers, inks, fingernail polish and removers and household cleaning agents.
LPI (LP Information)' newest research report, the “Propylene Glycol Solvent Industry Forecast” looks at past sales and reviews total world Propylene Glycol Solvent sales in 2022, providing a comprehensive analysis by region and market sector of projected Propylene Glycol Solvent sales for 2023 through 2029. With Propylene Glycol Solvent sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propylene Glycol Solvent industry.
This Insight Report provides a comprehensive analysis of the global Propylene Glycol Solvent 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 Propylene Glycol Solvent portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Propylene Glycol Solvent market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propylene Glycol Solvent 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 Propylene Glycol Solvent.
The global Propylene Glycol Solvent market size is projected to grow from US$ 1052.1 million in 2022 to US$ 1322.3 million in 2029; it is expected to grow at a CAGR of 1322.3 from 2023 to 2029.
Propylene glycol solvent industry is concentrated relatively. Currently, there are several producing companies in the world propylene glycol solvent industry. The main market players are Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, etc. Dow is the largest manufacturer of propylene glycol solvent in 2019 based in USA, Germany, Australia, Brazil, Thailand, Saudi Arab. Global top 2 manufacturers hold a share nearly 50% in 2019.
Europe and North America are the main consumption regions. In 2019, these two regions occupied more than 61% of the global consumption volume.
Propylene glycol solvent mainly many applications, including industrial cleaning fluid, paint and ink, food processing, medical field, personal care, etc. Among those, industrial cleaning fluid is the largest application with 38% sales share in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Glycol Solvent market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Industrial Grade Propylene Glycol Solvent
Food Grade Propylene Glycol Solvent
Pharmaceutical Grade Propylene Glycol Solvent
Segmentation by application
Industrial Cleaning Fluid
Paint and Ink
Food Processing
Medical Field
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.
Dow
Lyondell Basell
Indorama(Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem

Key Questions Addressed in this Report
What is the 10-year outlook for the global Propylene Glycol Solvent market?
What factors are driving Propylene Glycol Solvent market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Propylene Glycol Solvent market opportunities vary by end market size?
How does Propylene Glycol Solvent 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.