Propylene Glycol (PG) is a versatile synthetic compound with diverse applications across industries. Its hygroscopic nature makes it an effective humectant in food, cosmetics, and pharmaceutical products, preventing moisture loss. In the automotive sector, PG serves as a coolant and antifreeze due to its low freezing point and high boiling point. Its solvency and stability also find utility in various chemical processes. PG’s non-toxic nature further makes it a safe option in personal care items. With its multifaceted properties, propylene glycol continues to play a vital role in enhancing products’ performance, stability, and shelf life across a range of sectors.
Witness the transformation of the chemical industry with the emergence of bio-based propylene glycol as an eco-friendly alternative. Leading companies like Cargill, ADM, and The Dow Chemical Company are pioneering the production of propylene glycol from glycerin, showcasing their commitment to sustainability and environmental regulations. Join us in exploring how this innovative approach not only meets industry standards but also propels the market toward a greener future.
As per the recent research conducted by a leading market insights provider FMI, the global Propylene Glycol market size will expand at a healthy CAGR over the forecast period between 2022 and 2027. The aim of this study is to analyze key market dynamics affecting the sales of Propylene Glycol and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
Supercharge Your Knowledge: Dive into the Booming Propylene Glycol Market with Our Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-149
Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Propylene Glycol Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Propylene Glycol market.
Key Propylene Glycol Market Takeaways and Projections
- The US will lead the North America Propylene Glycol market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Propylene Glycol market. It also profiles a list of prominent companies including
- Cargill
- ADM
- Arch Chemicals
- Lyondell Chemical Co
- SKC Chemicals Group
- The Dow Chemical Company
- BASF AG
- Huntsman, Repsol YPF
Exclusive Customizations Available: Request Tailored Insights to Outperform in the Propylene Glycol Market! https://www.futuremarketinsights.com/customization-available/rep-gb-149
Key Segments Profiled in the Propylene Glycol Industry Survey
Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Japan
- Western Europe
- Eastern Europe
- Middle East & Africa
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Propylene Glycol market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Propylene Glycol market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
