Propylene Glycol Market to show significant growth by 2025 Propylene Glycol Market - PDF

Propylene Glycol Market Overview and Product Scope over 2019 - 2025: Global Market
Insights, Inc.
Propylene glycol is hydroscopic liquid which is produced by reacting propylene oxide with
water. The product is not toxic in nature and is chemically neutral making it suitable choice
for most of the personal and beauty products. Rising investment in pharmaceutical sector due
to various outbreak of chronic diseases across the world will escalate the propylene glycol
market growth rate owing to its application as excipient in medicines.
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Increasing geriatric population across the world will also escalate spending in pharmaceutical
sector. It is expected that by 2050 there will be 2 billion people that will be above 60 years of
age, in the U.S. alone citizens with age of 65 years and above are expected to get double by
2060. In order to meet requirement of this aging population, the quantity demanded of
prescription drugs will be more. It is expected that prescription drug industry will reach to
around USD 1.2 trillion by 2024, propelling the propylene glycol market.
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