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.
1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 41.10%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America.
As a kind of petrochemical, the global average price of 1, 2-Propanediol fluctuates with the price of PO, the price of which is related to the price of propylene. There are also bio based PG which is mainly supplied by ADM.
Global 1,2-Propylene Glycol market size will increase to 3840 Million US$ by 2026, from 3170 Million US$ in 2020, at a CAGR of 2.5% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for 1,2-Propylene Glycol.
This report covers the present status and the future prospects of the global 1,2-Propylene Glycol market for 2015-2026.
The report offers detailed coverage of 1,2-Propylene Glycol industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading 1,2-Propylene Glycol by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Dow, Lyondell Basell, Huntsman, ADM, INEOS, BASF, Repsol, Sumitomo Chem, Asahi Kasei, SKC, Shell, Shandong Shida Shenghua, CNOOC & Shell Petrochem, Hi-tech Spring Chem, Daze Group, Shandong Depu Chem
Market Segment as follows:
Market by Order Type
Industrial Grade
Food Grade
Pharmaceutical Grade
1,2-Propylene Glycol Breakdown Data by Application
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
1,2-Propylene Glycol Production market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the 1,2-Propylene Glycol market for the forecast period 2021 - 2026?
• What are the driving forces in the 1,2-Propylene Glycol market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the 1,2-Propylene Glycol industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.