iCrowd Newswire
25 Nov 2020, 02:15 GMT+10
The new report by Expert Market Research titled, 'Global Propylene Glycol Market Growth, Size, Share, Analysis, Trends, Report and Forecast 2020-2025', gives an in-depth analysis of the global propylene glycol market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): 2.72 million metric tons
2. Forecast CAGR (2020-2025): 4.4%
3. Forecast Market Size (2025): 3.5 million metric tons
Request a free sample copy in PDF or view report summary@ https://www.expertmarketresearch.com/reports/propylene-glycol-market/requestsample
The rapidly growing demand for unsaturated polyester resins in the transportation, construction, automobile, and marine industries is expected to support the growth of the propylene glycol market. During the winter, the demand for the product is largely driven by the food and cosmetics industries, as well as the airline industry, due to the application of ethylene glycol as a de-icing and anti-freezing agent. The growth in automobiles, construction, and pharmaceutical industries in the Asia Pacific region is expected to be a key factor in the expansion of the global propylene glycol market. Due to rising environmental standards, various industries are increasing the use of propylene glycol as it is less toxic and has fewer side-effects than its substitutes.
Explore full report with table of contents@ https://www.expertmarketresearch.com/reports/propylene-glycol-market
Industry Definition and Major Segments
Propylene glycol is the common name for propane-1,2-diol (IUPAC) and has the formula, CH3CH(OH)CH2OH. It is an organic compound with viscous properties and appears as a colourless liquid. It is classified as a diol as it contains two alcohol (-OH) groups. It is commonly produced from propylene oxide industrially.
Propylene glycol finds extensive application in the following industries:
1. Unsaturated Polyester Resins
2. Functional Fluids
3. Food, Drug, and Cosmetics
5. Paints and Coating
6. Others
The major regions in the market are:
1. North America
2. Latin America
3. Europe
4. Middle East and Africa
5. Asia Pacific
Market Trends
Ineos, one of the global leaders of propylene glycol, marked a new high for propylene glycol prices in 2018, due to a very long and cold winter. As climate change exacerbates, it is predicted that propylene glycol may show increased demand especially in Europe and North America due to its use as a de-icing and anti-freezing agent. An increase in prices during winter has historically shown to keep prices up during summer as well. Sadara Chemical Co, a joint venture between Dow Inc. (NYSE:DOW) and Saudi Aramco (TADAWUL: 2222), started production at a new propylene glycol plant in 2017. This is in response to the rising demand for the chemical in the region.
Also Read@ Impact of COVID-19 on Global Polypropylene Market
Key Market Players
The major players in the market are Dow Chemical Company, LyondellBasell Industries N.V., INEOS Group, Shell Chemicals LP, BASF SE, SKC Chemicals Group, Sumimoto Chemical Co., Ltd, Archer Daniels Midland Company, and Repsol S.A. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Trisodium Phosphate Market - https://www.expertmarketresearch.com/reports/trisodium-phosphate-market
Pyrite Market - https://www.expertmarketresearch.com/reports/pyrite-market
Benzyl Bromide Market - https://www.expertmarketresearch.com/reports/benzyl-bromide-market
Alunite Market - https://www.expertmarketresearch.com/reports/alunite-market
N-Pentane Market - https://www.expertmarketresearch.com/reports/n-pentane-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish-speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Tags: Propylene Glycol Market Size, Propylene Glycol Market Outlook, Propylene Glycol Market Price, Propylene Glycol Market Growth, Propylene Glycol Market Trends, Propylene Glycol Market Share, Propylene Glycol Market Forecast, Propylene Glycol Market Report, Propylene Glycol Market Analysis
See Campaign: https://www.expertmarketresearch.com/reports/propylene-glycol-marketContact Information:Company Name: Expert Market Research
Contact Person: Max Smith, Corporate Sales Specialist - U.S.A.
Email: [email protected]
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.comTags:, Extended Distribution, iCN Internal Distribution, Research Newswire, English
Company Name: Expert Market Research
Contact Person: Max Smith, Corporate Sales Specialist - U.S.A.
Email: [email protected]
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Get a daily dose of Philadelphia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philadelphia Herald.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...