The global Propylene Glycol Solvent market was valued at US$ 1102.4 million in 2019 and it is expected to reach US$ 1259 million by the end of 2026, growing at a CAGR of 3.2% during 2021-2026.
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.
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.
Global Propylene Glycol Solvent Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Propylene Glycol Solvent Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 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 and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Industrial Grade Propylene Glycol Solvent
- Food Grade Propylene Glycol Solvent
- Pharmaceutical Grade Propylene Glycol Solvent
Segment by Application
- Industrial Cleaning Fluid
- Paint and Ink
- Food Processing
- Medical Field
- Personal Care
Table of Content:
1 Propylene Glycol Solvent Market Overview
2 Propylene Glycol Solvent Market Competition by Manufacturers
3 Propylene Glycol Solvent Retrospective Market Scenario by Region
4 Global Propylene Glycol Solvent Historic Market Analysis by Type
5 Global Propylene Glycol Solvent Historic Market Analysis by Application
6 Key Companies Profiled
7 Propylene Glycol Solvent Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Propylene Glycol Solvent Market Dynamics
10 Global Propylene Glycol Solvent Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.