Global Propylene Glycol Solvent Market Growth 2023-2029

Global Propylene Glycol Solvent Market Growth 2023-2029

Product Code:461614

Published Date: Feb 08,2023

Pages: 106

Region: Global

Category: Chemical & Material

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Propylene glycol is a dihydric alcohol, a colorless, odorless, slightly viscous liquid with several excellent features as a solvent. Propylene glycol can be used as a solvent to make paint, cleansers, inks, fingernail polish and removers and household cleaning agents.

LPI (LP Information)' newest research report, the “Propylene Glycol Solvent Industry Forecast” looks at past sales and reviews total world Propylene Glycol Solvent sales in 2022, providing a comprehensive analysis by region and market sector of projected Propylene Glycol Solvent sales for 2023 through 2029. With Propylene Glycol Solvent sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propylene Glycol Solvent industry.

This Insight Report provides a comprehensive analysis of the global Propylene Glycol Solvent landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propylene Glycol Solvent portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Propylene Glycol Solvent market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propylene Glycol Solvent and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propylene Glycol Solvent.

The global Propylene Glycol Solvent market size is projected to grow from US$ 1052.1 million in 2022 to US$ 1322.3 million in 2029; it is expected to grow at a CAGR of 1322.3 from 2023 to 2029.

Propylene glycol solvent industry is concentrated relatively. Currently, there are several producing companies in the world propylene glycol solvent industry. The main market players are Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, etc. Dow is the largest manufacturer of propylene glycol solvent in 2019 based in USA, Germany, Australia, Brazil, Thailand, Saudi Arab. Global top 2 manufacturers hold a share nearly 50% in 2019.

Europe and North America are the main consumption regions. In 2019, these two regions occupied more than 61% of the global consumption volume.

Propylene glycol solvent mainly many applications, including industrial cleaning fluid, paint and ink, food processing, medical field, personal care, etc. Among those, industrial cleaning fluid is the largest application with 38% sales share in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Glycol Solvent market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Industrial Grade Propylene Glycol Solvent
    Food Grade Propylene Glycol Solvent
    Pharmaceutical Grade Propylene Glycol Solvent

Segmentation by application
    Industrial Cleaning Fluid
    Paint and Ink
    Food Processing
    Medical Field
    Personal Care
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Dow
    Lyondell Basell
    Indorama(Huntsman)
    ADM
    INEOS
    BASF
    Repsol
    SKC
    Shell
    Shandong Shida Shenghua
    CNOOC & Shell Petrochem
    Hi-tech Spring Chem
    Daze Group
    Shandong Depu Chem

Key Questions Addressed in this Report
What is the 10-year outlook for the global Propylene Glycol Solvent market?
What factors are driving Propylene Glycol Solvent market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Propylene Glycol Solvent market opportunities vary by end market size?
How does Propylene Glycol Solvent break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?