Propylene Glycol Market size was valued at US$ 4.51 Bn. in 2023 and transportation is one of the dominating segments reviewed in our report and dominating the Global Polypropylene Market.
Propylene Glycol Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Propylene Glycol Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Propylene Glycol market, with forecasts outspreading to the year 2030.
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Propylene Glycol Market Scope and Methodology:
Propylene glycol is frequently used to enhance the flavour, texture, look, and shelf life of certain processed foods. Some of the main factors driving the market expansion include dietary changes, an increase in the labour force, and significantly higher consumption of processed foods as a result of busy lifestyles. Nonetheless, the expansion of the building and transportation sectors has resulted in a rise in the need for propylene glycol in a number of industrial chemicals, including hydraulic and brake fluids, cutting fluids and vehicle coolants. It helps the market expand and is utilised as a solubilizer for active ingredients. Growing environmental issues are driving manufacturers in the sector to concentrate on bio-based chemicals for the production of propylene glycol. Furthermore, the prevalence
Propylene Glycol Market Regional Insights:
Several measures are employed to predict the market's future prospects. Buyer-direct transactions, research and development projects, innovative company practices, and market mergers and acquisitions are some examples. It includes plans, organizational charts, portfolios, and a critical review of top corporate executives. The market has undertaken a thorough SWOT and PESTLE analysis to guarantee that it identifies both market trends and microeconomic drivers.
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Propylene Glycol Market Segmentation:
by Source
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol
by Application
Unsaturated Polyester Resin
Food, Pharmaceuticals & Cosmetics
Antifreeze & Functional Fluid
Liquid Detergents
Plasticizers
Others
by End User Industry
Transportation
Building & Construction
Pharmaceuticals & Cosmetics
Food & Beverage
Others
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Key Insights Covered the Propylene Glycol Report
Market Coverage:
Market Trends
Market Breakup by Segment
Market Breakup by Region
Price Analysis
Impact of COVID-19
Market Forecast
Key Aspects Required for Setting Up a Propylene Glycol Plant
Detailed Process Flow:
Product Overview
Unit Operations Involved
Mass Balance and Raw Material Requirements
Quality Assurance Criteria
Technical Tests
Project Details, Requirements and Costs Involved:
Land, Location and Site Development
Plant Layout
Machinery Requirements and Costs
Raw Material Requirements and Costs
Packaging Requirements and Costs
Transportation Requirements and Costs
Utility Requirements and Costs
Human Resource Requirements and Costs
Project Economics:
Capital Investments
Operating Costs
Expenditure Projections
Revenue Projections
Taxation and Depreciation
Profit Projections
Financial Analysis
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Propylene Glycol Market Major Players:
1. Archer Daniels Midland Company
2. BASF SE
3. The DOW Chemical Company
4. Global Bio-Chem Technology Group Co., Ltd.
5. LyondellBasell Industries N.V.
6. Huntsman Corporation
7. SKC Co., Ltd.
8. Royal Dutch Shell PLC.
9. Remix International S.R.L.
10.Dupont Tate & Lyle Bio Products Company, LLC
Key questions answered in the Propylene Glycol Market are:
- What is Propylene Glycol ?
- What is the growth rate of the Propylene Glycol Market?
- What are the upcoming opportunities and trends for the Propylene Glycol Market?
- What are the different segments of the Propylene Glycol Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Propylene Glycol Market?
- What segments are covered in the Propylene Glycol Market?
- Which are the factors expected to drive the Propylene Glycol Market growth?
- What growth strategies are the players considering to increase their presence in Propylene Glycol ?
- Who are the leading companies and what are their portfolios in Propylene Glycol Market?
- Who are the key players in the Propylene Glycol market?
- What is the CAGR at which the Propylene Glycol market will grow during the forecast period?
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