BANGALORE, India, Sept. 7, 2020 /PRNewswire/ -- Propylene glycol is a synthetic organic compound. It can be made from petroleum products as well as bio-based and has characteristics such as exceptional stability, high flash and boiling point, low vapor pressure, and large solvency.
The global Propylene Glycol market size is projected to reach USD 7166.7 Million by 2026, from USD 4566.8 Million in 2020, at a CAGR of 7.8% during 2021-2026.
Because of these characteristics, it has found a variety of industrial applications for craft goods such as unsaturated polyester resin, coolants and antifreeze, hydraulic and brake fluid, aircraft deicing fluid, and paints and coatings.
This study focuses on the volume and value of Propylene Glycol at the global, regional, and enterprise levels. This study reflects the overall market size of Propylene Glycol from a global perspective by evaluating historical data and prospects. This study focuses on North America, Europe, Japan, China, Southeast Asia, and the Indian region.
Get Detailed Analysis of COVID-19 Impact on Propylene Glycol Market: https://reports.valuates.com/request/sample/QYRE-Othe-1L344/Propylene_Glycol_Market
TRENDS INFLUENCING THE GLOBAL PROPYLENE GLYCOL MARKET SIZE
Deicing and anti-icing fluids perform a critical operation during harsh winter conditions to provide clean, uninterrupted, and timely air travel. Federal Aviation Administration "Clean Aircraft Rule" outlaws takeoff with ice accumulation on an airplane's critical surfaces. Thus replacing ethylene glycol with propylene glycol as the base fluid for formulations for aircraft deicing is expected to increase the Propylene Glycol Market size.
Also, the accumulated amount of spatial exploration agendas combined with the need for high-quality antifreeze & coolant are expected to drive the propylene glycol market size.
The growing demand for propylene glycol in the food processing and pharmaceutical industries is further expected to fuel the Propylene Glycol Market size.
The use of propylene glycol in the manufacture of unsaturated polyester resins (UPRs), which are heavily consumed in the construction, transport, and marine sectors, will also propel the propylene's growth glycol market size over the forecast period.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1L344/propylene-glycol
PROPYLENE GLYCOL MARKET SHARE ANALYSIS
Bio-based propylene glycol is predicted to witness the fastest growth during the forecast period. This rapid growth of bio-based propylene glycol is attributed to the environmentally friendly production methods, decreased reliance on petrochemical feedstock, and decreased greenhouse gas emissions.
The Asia-Pacific region is expected to hold the largest Propylene Glycol market share (about 32%) during the forecast period. This dominance is attributed to the growth of the Indian and Chinese automotive, manufacturing, F&B, and pharmaceutical sectors.
North America is expected to hold a significant propylene glycol market share due to the growth of industrial production and increased trade activities.
Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Othe-1L344/Propylene_Glycol_Market
PROPYLENE GLYCOL MARKET SEGMENTATION
By Type
- Petroleum Propylene Glycol
- Bio-Based Propylene Glycol.
By Application:
- Transportation
- Building & Construction.
Key Players:
The Key manufacturers that are operating in the global Propylene Glycol market are:
- ADM
- BASF
- DOW
- Global Bio-Chem Technology
- Lyondellbasell
- Huntsman
- SKC
- Shell
- Temix International
- Ineos Oxide
- AGC
- Adeka
- Manali Petrochemicals
- Qingdao Shida Chemical
- Tongling Jintai Chemical Industrial
- Dongying Hi-Tech Spring Chemical Industrial
- Shandong Depu Chemical Industry Science and Technology
- Chaoyang Chemicals
- Oleon
- Golden Dyechem
- Haike Chemical
- Helm
- Oxyde Belgium
- Arrow Chemical
- TRI Chemicals.
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-1L344&lic=single-user
Buy Now for Enterprise License: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-1L344&lic=enterprise-license
SIMILAR REPORTS :
- 1,2-Propylene Glycol Market Report
In 2019, the global 1,2-Propylene Glycol market size was USD 3332.2 Million, and it is expected to reach USD 3968.7 Million by the end of 2026, with a CAGR of 2.5% during 2021-2026.
The Unsaturated polyester resins segment is expected to hold the largest 1,2-Propylene Glycol Market share (about 41.10%) during the forecast period.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-5S331/global-1-2-propylene-glycol
- Petroleum-based Propylene Glycol Market Report
The increase of Petroleum-based Propylene Glycol in the transportation and construction industry is expected to drive the Petroleum-based Propylene Glycol Market size.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1W347/petroleum-based-propylene-glycol
- Biobased Propylene Glycol Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-4Z1850/global-biobased-propylene-glycol
- 1,3-Propylene Glycol Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-4G302/1-3-propylene-glycol
- High Purity Propylene Glycol Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-4C303/high-purity-propylene-glycol
- Pharmaceutical Grade Propylene Glycol Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-3K312/pharmaceutical-grade-propylene-glycol
- Mono Propylene Glycol Market Report
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-17V1529/global-mono-propylene-glycol
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
