Comprehensive Study on the Propylene Glycol Market: Enhancing Industry Insight, Anticipating Trends, Analyzing Growth Factors, and Projecting Development from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Propylene Glycol Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Propylene Glycol Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Propylene glycol is a viscous, colorless liquid, and is odorless but possesses a mild sweet taste. Propylene glycol is used in many products to help preserve their moisture and consistency. It is considered safe for use in food. Growing cosmetics industry and rising food and beverages sector are key drivers for the growth of Propylene Glycol market. For instance, according to Cosmetics Europe (The European trade association for the cosmetics and personal care industry) – the European cosmetics and personal care market is the largest market for cosmetic products in the world and in the year 2020 valued at USD 86.9 billion and within Europe Germany (USD 15.8 billion) is the biggest market followed by France (USD 13 billion), the UK (USD 11.1 billion), Italy (USD 11.0 billion), Spain (USD 7.2 billion) and Poland (USD 4.3 billion). Also, with the increasing industrial and consumer applications , the adoption & demand for Propylene Glycol is likely to increase the market growth during the forecast period. However, volatile pricing of crude oil of Propylene Glycol impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Propylene Glycol market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to presence of leading players and growing construction industry trends in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing population in the region and increasing infrastructure development investment would create lucrative growth prospects for the Propylene Glycol market across Asia-Pacific region.
Major market player included in this report are:
- The Dow Chemical Company (US)
- LyondellBasell Industries N.V. (Netherlands),
- BASF SE (Germany),
- Archer Daniels Midland Company (US),
- Global Bio-chem Technology Group Co., Ltd. (China),
- DuPont Tate & Lyle Bio Products, LLC (US),
- Huntsman Corporation (US),
- SKC Co., Ltd. (South Korea),
- Temix International S.R.L. (Italy),
- Ineos Oxide (Switzerland)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Source:
Petroleum-based,
Bio-based
By Grade:
Industrial Grade
Pharmaceutical Grade
By End Use Industries:
Transportation
Building & Construction
Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Here are the key questions addressed in the report:
- What is the potential for growth in the Propylene Glycol market?
- Which product segment is expected to dominate the market?
- Which regional market is likely to emerge as a frontrunner in the future?
- Which application segment is poised for strong growth?
- What are the potential growth opportunities that may arise in the Propylene Glycol industry?
- What are the major challenges that the Propylene Glycol Market may face in the future?
- Who are the leading companies in the Propylene Glycol Market?
- What are the key trends positively impacting the market’s growth?
- What growth strategies are being considered by the market players to maintain their position in the Propylene Glycol Market?
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
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