Propylene Glycol Market Size, Share & Growth Report 2022-2027

IMARC Group, a leading market research company, has recently releases report titled “Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global propylene glycol market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the propylene glycol market?

The global propylene glycol market is expected to exhibit a CAGR of 4.4% during 2022-2027.

What is propylene glycol?

Propylene glycol (PG) is a water-soluble, viscous, stable, hygroscopic, colorless, odorless and tasteless liquid substance. It is made by the hydration of propylene oxide, which can be dissolved in essential oils, dyes, and resins. It is used in the manufacturing of inks, adhesives, solvents, detergents, moisturizers, paints, and coatings around the world.

Request for a free sample copy of this report: https://www.imarcgroup.com/propylene-glycol-technical-material-market-report-2/requestsample

What are the growth prospects and trends in the propylene glycol industry?

PG is employed in the food and beverage (FB) industry as a food additive and flavor and texture enhancer. This, in confluence with the increasing consumption of processed food products worldwide, represents one of the major factors bolstering the market growth. Moreover, PG is utilized in cosmetic and personal care products as a preservative for hydrating the skin, minimizing skin dryness, and achieving an even skin tone. Besides this, the rising utilization of PG in the automotive industry as an antifreeze that can withstand relatively high temperatures and is non-corrosive and toxic in diesel engines is creating a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Source:

• Petroleum-based
• Bio-based

Breakup by Application:

• Unsaturated Polyester Resins
• Antifreeze and Functional Fluids
• Food, Drug, and Cosmetics
• Liquid Detergent
• Paints and Coatings
• Others

Breakup by End Use Industry:

• Transportation
• Building and Construction
• Food and Beverage
• Pharmaceuticals
• Cosmetics and Personal Care
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Archer-Daniels-Midland Company
• BASF SE
• Dupont
• Tate Lyle Bio Products Company LLC
• Global Bio-chem Technology Group Company Limited
• Huntsman Corporation
• Ineos Chemicals, LyondellBasell Industries N.V.
• SHELL Petroleum N.V. (Royal Dutch Shell)
• SK Chemicals Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• The Dow Chemical Company (Dow Inc.)

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=56&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/