JSB Market Research: Propylene Glycol Market - Global Trends & Forecasts to 2019
by Jack Richard Online Market Research ReportsPropylene glycol is well-known for its unique combination of properties that fulfills various roles in different applications. It is used as a solvent, emulsifier, excipient, humectant, and hygroscopic agent and thus finds their usage in various industries for one or more applications. The major application is unsaturated polyester resin, which accounted for ~35% in terms of value of the global propylene glycol market in 2013, followed by the pharmaceuticals & cosmetics, antifreeze & functional fluids, liquid detergents, and plasticizers.
Europe is the biggest market of propylene glycol, consuming a
major share of ~29% of market in terms of value in 2013. There is tremendous
scope in the Asia-Pacific market due to the escalation of China’s economy and
rapid industrialization in the region. Currently, the penetration of propylene
glycol is increasing in pharmaceuticals & cosmetics application resulting
in the market size in terms of value projected to grow at the high CAGR of 6.1%
between 2014 and 2019. The increased domestic production of bio-based propylene
glycol is further adding to the rising demand of propylene glycol in
pharmaceuticals & cosmetics application in Asia-pacific region.
The increasing cost of the conventional feedstock and regulations on
conventional chemicals are acting as major barriers for the growth of propylene
glycol market. However, the negative environmental impact of the conventional
propylene glycol is anticipated to drive the demand for bio-based propylene
glycol globally. Expansion (facility and capacity) and partnership &
collaboration are identified as key strategies which are helping the major
players to further expand their reach in the global propylene glycol market
This study on propylene glycol market estimates its global demand and market
value for 2014 and projects the expected demand and market value of the same by
2019. As a part of the quantitative analysis, the study segments the global
market by source and applications at country level with current market
estimation and forecast till 2019. The countries covered in the report are
U.S., Canada, China, Japan, Germany, Italy, Spain, France, Brazil, and other 20
countries. The segmentation by source includes petroleum-based and bio-based
while on the basis of its applications; the segmentation includes unsaturated
polyester resin, pharmaceuticals & cosmetics, antifreeze & functional
fluids, liquid detergents, plasticizers, and others.
Further, as a part of qualitative analysis, the research provides report with a
comprehensive review of key market drivers, restraints, opportunities, winning
imperatives, and key issues in the market.
It also includes the company profiling and competitive strategies adopted by
various market players including Archer Daniels Midland Co. (U.S.), BASF SE
(Germany), Dow Chemical Co. (U.S.), DuPont Tate & Lyle Bio Products LLC
(U.S.), Global Bio-chem Technology Group Co. Ltd. (Hong Kong), Huntsman
Corporation (U.S.), LyondellBasell Industries N.V. (The Netherlands), SKC Co.
Ltd. (South Korea), and Temix International S.R.L. (Italy).
Scope
of the report:
This research report categorizes the global market for propylene glycol on the
basis of source, application, and geography along with forecasting volume,
value, and analyzing trends in each of the submarkets.
On
the basis of source: The propylene glycol market is segmented
on the basis of source, such as petroleum-based and bio-based. Each source is
further described in detail in the report with volume and value forecasts for
each source.
On
the basis of application: The propylene glycol market is
segmented on the basis of applications, such as unsaturated polyester resin,
pharmaceuticals & cosmetics, antifreeze & functional fluid, liquid
detergent, plasticizer, and others. Each application is further described in
detail in the report with volume and value forecasts for each application.
On
the basis of region: Regional level segmentation is done for
propylene glycol that include North America, Asia-Pacific, Europe, and RoW, and
further for key countries in each region that includes:
• North America
o U.S.
o Canada
• Europe
o Germany
o Spain
o Belgium
o Romania
o France
o Netherlands
o U.K.
o Russia
o Italy
o Poland
• Asia-Pacific
o China
o Japan
o South Korea
o India
o Thailand
o Australia
o Singapore
o Taiwan
o Malaysia
o Pakistan
• Rest of the World (RoW)
o Brazil
o Mexico
o Argentina
o Iran
o Kuwait
o Saudi Arabia
o U.A.E.
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