Global Propylene Glycol market 2019-2025 Propylene Glycol Market

Global Propylene Glycol market is estimated to
grow at a significant rate, during the forecast
period 2018-2025.
Demand for Propylene Glycol in the pharmaceutical industry and cosmetic industry as
humectant such will boost Propylene Glycol Market in the upcoming year. Moreover, the
major factor driving the market growth is the application of unsaturated polyester resins
(UPRs) in construction, marine and transportation industries.
According to BlueWeave Consulting, The global Propylene Glycol Market is expected to grow
with a significant rate during the forecast period 2018-2025 owing to demand of propylene
glycol in Pharmaceutical, cosmetics, automotive and food & beverages.
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Petroleum-based source of Propylene Glycol Market is projected to be the leading
segment of the overall market during the forecast period
On the basis of Source type, the Propylene Glycol market has been segmented into
petroleum based and bio source based. Petroleum-based dominates the global Propylene
Glycol owing to its huge demand in transport and construction industry. Bio-based sources
are the fastest growing market due to its eco-friendly manufacturing methods, reducing
dependency on natural fossil fuel and helpful in reducing carbon emission.
Food, pharmaceuticals & cosmetics are projected to leading industry for utilizing
applications of the Propylene Glycol during the forecast period
On the basis of application, the global Propylene Glycol market has been segmented into
food, pharmaceuticals & cosmetics, liquid detergents, unsaturated polyester resin,
antifreeze & functional fluids, plasticizers, and others. By application type, food,
pharmaceuticals & cosmetics will lead the market owing to the use of propylene glycol as
food additive coupled with growing consumers’ awareness for health consciousness and
improved the living of standard. Unsaturated polyester resin will be the fastest growing
market due to its application in making building panels, bathroom components, fixtures, and
corrosion-resistant tanks.
Global Propylene Glycol Market Competitive Landscape
Companies, such as LyondellBasell, SABIC, Exxon Mobil Corporation, DuPont, INEOS, Total
S.A., Formosa Plastics Group, China Petrochemical Corporation, LG Chem, and Sumitomo
Chemicals are the key players in manufacturing of propylene glycol