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QandQ Market Research

Propylene Glycol (PG) Market

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 watersoluble.
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 firefighting training and in theatrical productions.
The regions of Europe, North America and Asia ex. China are the main consumption bases, while Europe holds 21.56% consumption share, North America holds 20.16%, and Asia ex. China holds 21.13% consumption share in 2015. They occupy 62.84% of the global consumption in total.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. There will be more new investments entering the field.

According to this study, over the next five years the Propylene Glycol PG market will register a 9.1% CAGR in terms of revenue, the global market size will reach US$ 6060 million by 2024, from US$ 3600 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Propylene Glycol PG business, shared in Chapter 3.

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

This study considers the Propylene Glycol PG value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Industrial Grade
Food Grade
Pharmaceutical Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
UPR
PPG
Pharmaceuticals and Food
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Dow
Huntsman
DuPont Tate ? Lyle 
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
Hitech Spring Chemical
Daze Group
Shandong Depu Chemical

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Propylene Glycol PG consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Propylene Glycol PG market by identifying its various subsegments.
Focuses on the key global Propylene Glycol PG manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Propylene Glycol PG with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Propylene Glycol PG submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Source: http://www.qandqmarketresearch.com