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.
The primary outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are used in surface coatings and glass fiber-reinforced resins. The second-largest consumer is functional fluids such as deicing and antifreeze. 1, 2-Propanediol is also used in plasticizers and hydraulic brake fluids. Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and tobacco industries. It is also an excellent solvent and extractant.
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 35.73%. 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.
The market of 1, 2-Propanediol is quite concentrated, with the top four companies take 53.93% of global market in 2015. Leading players in this industry are Dow, Lyondell Basell, Huntsman, INEOS, BASF, ADM, Sumitomo Chemical (Nihon Oxirane), SKC, etc, among which. Dow dominate the market in North America and Europe with a market share of 31.44% and five global manufacturing facilities include Stade plant, one of the world’s largest capacity plants.
The global market of 1, 2-Propanediol has been faced with overcapacity for quite a few years, which is especially severe in China. The average capacity utilization rate in China can hardly reach 60% for the years. However, in the further, the market of 1, 2-Propanediol would be expected to be promising due to adjustment of industrial structure and surging demand in food and pharmaceutical areas.
According to this study, over the next five years the 1,2-Propanediol market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 4880 million by 2024, from US$ 3910 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in 1,2-Propanediol business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of 1,2-Propanediol market by product type, application, key manufacturers and key regions and countries.
This study considers the 1,2-Propanediol value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Industrial Grade
Food Grade
Pharmaceutical Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Dow
Lyondell Basell
Huntsman
INEOS
BASF
ADM
Sumitomo Chemical (Nihon Oxirane)
SKC
Repsol
Asahi Kasei
Shell
Tongling Jintai Chemical
Shandong Shida Shenghua Chemical
CNOOC and Shell Petrochemicals
Hi-tech Spring Chemical
Daze Group
Shandong Depu Chemical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global 1,2-Propanediol consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of 1,2-Propanediol market by identifying its various subsegments.
Focuses on the key global 1,2-Propanediol manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the 1,2-Propanediol with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of 1,2-Propanediol submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on 1,2-Propanediol . Industry analysis & Market Report on 1,2-Propanediol is a syndicated market report, published as Global 1,2-Propanediol Market Growth 2019-2024. It is complete Research Study and Industry Analysis of 1,2-Propanediol market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.