1,2-Propylene Glycol Market 2020 and Forecast 2021-2027

                                          
1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.

1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 41.10%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America. As a kind of petrochemical, the global average price of 1, 2-Propanediol fluctuates with the price of PO, the price of which is related to the price of propylene. There are also bio based PG which is mainly supplied by ADM.

Market Analysis and Insights: Global 1,2-Propylene Glycol Market


The global 1,2-Propylene Glycol market size is projected to reach US$ 3968.7 million by 2026, from US$ 3422.2 million in 2020, at a CAGR of 2.5% during 2021-2026.

Global 1,2-Propylene Glycol Scope and Segment

1,2-Propylene Glycol market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global 1,2-Propylene Glycol market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.

The following manufacturers are covered in this report:

 	
Dow
 	
Lyondell Basell
 	
Huntsman
 	
ADM
 	
INEOS
 	
BASF
 	
Repsol
 	
Sumitomo Chem
 	
Asahi Kasei
 	
SKC
 	
Shell
 	
Shandong Shida Shenghua
 	
CNOOC & Shell Petrochem
 	
Hi-tech Spring Chem
 	
Daze Group
 	
Shandong Depu Chem

1,2-Propylene Glycol Breakdown Data by Type

 	
Industrial Grade 1,2-Propylene Glycol
 	
Food Grade 1,2-Propylene Glycol
 	
Pharmaceutical Grade 1,2-Propylene Glycol

1,2-Propylene Glycol Breakdown Data by Application

 	
Unsaturated Polyester Resins (UPR)
 	
Functional Fluids
 	
Cosmetics, Pharmaceutics and Food
 	
Liquid Detergents

Regional and Country-level Analysis

The 1,2-Propylene Glycol market is analysed and market size information is provided by regions (countries).

The key regions covered in the 1,2-Propylene Glycol market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.

Competitive Landscape and 1,2-Propylene Glycol Market Share Analysis
This research comprehensively answers the following 9 important questions:

 	
Q.1. What are some of the most promising growth trends in the 1,2-Propylene Glycol market worldwide?
 	
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
 	
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
 	
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in 1,2-Propylene Glycol market?
 	
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this 1,2-Propylene Glycol market?
 	
Q.6.What are the emerging trends post COVID-19 reshuffle in this 1,2-Propylene Glycol market and the what are reasons behind these trends and do they translate in global exploration?
 	
Q.7. Who are the major global and regional players in the 1,2-Propylene Glycol market? Which are the strategic initiatives key players are pursuing for business growth?
 	
Q.8.Which are the competing products in 1,2-Propylene Glycol market and how big of a threat do they pose for loss of market share by material or product substitution?
 	
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the 1,2-Propylene Glycol industry?