Global Poly Propylene Glycol Market demand is expected to witness a steady growth on account of its increasing usage in the production of polyester resins. Propylene glycol is an organic compound with a chemical formula C3H8O2. Propylene glycol is produced using propylene oxide. It is a colourless as well as an odourless liquid and is easily miscible in water, chloroform and acetone. It is mainly used in the production of polymers, however, there are some uses of propylene glycol in food processing.
Usage of propylene glycol as a chemical feedstock is a major application driving the overall demand. This organic compound is used in the manufacturing of polyester resins which in turn is used bulk moulding, sheet moulding and laser printer toners. Wall panels made from polyester resins are widely used in restaurants, restrooms, and kitchens which require low maintenance washable walls. Further, its application as a food preservative has been driving the market demand in recent years. They are used in liquid sweeteners, ice creams, and coffee based drinks. Propylene glycol is used as a solvent in oral and injectable pharmaceutical drugs. Their usage in the manufacturing of veterinary drugs is expected to propel the demand over the forecast period. Recent trends have shown that E-cigarettes contain a flavoured liquid which is a mixture of vegetable glycerine and propylene glycol.
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Health safety related to this organic compound offers a major challenge for the overall industry growth. Some consumers may show allergic reaction which includes a headache, dry and skin. The U.S food and drug administration categorizes propylene glycol usage as safe when used in small quantities but offers risk when exposed to plasma concentration. Market segmentation is done on the basis of application which includes polyester resin, food additives, pharmaceuticals and cosmetics. Polyester resins account for maximum segment share owing to its high usage in manufacturing of other organic compounds. Segmentation demand is followed by food additives on account of its use to increase the texture and shelf life of packaged eateries. The pharmaceutical application is expected to provide great opportunities over the forecast period.
North America has been the leading market in recent years in terms of demand and is expected to continue its increasing application in pharmaceuticals and food processing industry. The U.S has shown substantial usage of propylene glycol in the aerated beverage industry. Further, regional demand is followed by Asia Pacific mainly on account of increasing application of propylene glycol as a food additive. Development of packaged food industry and retail sector has helped in increasing the demand in emerging economies including India and China. These emerging economies are expected to witness a significant growth in terms of production of propylene glycol on account of high investment in organic chemical manufacturing. Europe is expected to show a steady growth over the forecast period with high demand as an additive in the manufacturing of milk products and confectionaries. South America and Africa is expected to witness a stagnant growth owing to the slow growth of overall development of application industries.
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Major players operating in the market are DuPont, BASF, and Dow Chemicals. Other major players present in the market are LyondellBasell, SKC, Huntsman, SKC Co Ltd, Temix International and Global Biochem. Companies are focusing on research and development in order to find out new applications for propylene glycol. This is expected to diversify the application portfolio and therefore propelling the demand in near future.
This report studies Poly Propylene Glycol in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
- BASF SE
- Idemitsu Kosan
- Exxon Mobil
- PAN Asia Chemical
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Poly Propylene Glycol in these regions, from 2011 to 2021 (forecast), like
- North America
- Southeast Asia
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Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
- Type I
- Type II
Split by application, this report focuses on consumption, market share and growth rate of Poly Propylene Glycol in each application, can be divided into
- Surface Active Agents
- Personal Care
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