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Propylene Glycol Market worth $4.2 Billion by 2019

Monday, March 6, 2017 13:48
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The report Propylene Glycol Market by Source (Petroleum, Bio-based), Application (Unsaturated Polyester Resin, Pharmaceuticals & Cosmetics, Antifreeze & Functional Fluid, Liquid Detergent, Plasticizer) – Global Trends & Forecasts to 2019” defines and segments the global propylene glycol market with an analysis and forecast of its market size, in terms of volume and value.                      

Browse 138 market data tables and 73 figures spread through 181 slides and in-depth TOC on “Propylene Glycol Market by Source (Petroleum, Bio-based), Application (Unsaturated Polyester Resin, Pharmaceuticals & Cosmetics, Antifreeze & Functional Fluid, Liquid Detergent, Plasticizer) – Global Trends & Forecasts to 2019” 

Early buyers will receive 10% customization on reports.

The report segments the global propylene glycolmarket by source, application, and region. It also focuses on industry trends and market dynamics such as drivers, restraints, and opportunities.The report also defines driving and restraining factors for the global propylene glycol market with the analysis of trends, opportunities, burning issues, and winning imperatives. The major drivers include the growing demand from Asia-Pacific region and increased consumption of propylene glycol by various high impact application segments. The market size forecast is provided by major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. Top players in the market have been identified and profiled.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=264488864

“Europe: The Biggest Market of Propylene Glycol”

Europe was the largest market globallyfor propylene glycol in 2013 in terms of value. Germany is the key consumer of propylene glycol in Europe. Rising environmental concerns coupled with presence of domestic bio-based propylene glycol manufacturers have shifted consumer focus towards sustainable and environment-friendly chemicals. The demand for propylene glycol in this market is driven by major applications, such as unsaturated polyester resin, pharmaceuticals & cosmetics, and antifreeze & functional fluids.Pharmaceuticals & cosmetics application is the fastest growing segment for propylene glycol in Europe. The largest manufacturers of propylene glycol in this region are Dow Chemical Company (U.S.), BASF SE (Germany), and LyondellBasell Industries N.V. (The Netherlands).

“Propylene Glycol Demand in U.S. Remains Strong”

The U.S. is the leading consumer of propylene glycolglobally. It accounted for a share of ~95% in North America in 2013. The demand for conventional propylene glycol in the region is strong due to high usage in the growing end-use applications such as unsaturated polyester resin and antifreeze & functional fluids. However, the North America region is also experiencing a shift from conventional propylene glycol to bio-based propylene glycol consumption. China is the second-largest consumer of propylene glycol globally. The growth of the Chinese propylene glycol market can be attributed to it being a global manufacturing hub for various chemical derivatives and end-products. The flourishing pharmaceuticals & cosmetics industry in China is further resulting in the higher propylene glycol demand from the country.

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=264488864

 

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Find more http://www.marketsandmarkets.com/Market-Reports/propylene-glycol-market-264488864.html

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