Propylene Glycol Market Driven by Utilizationin Automotive Sector

Bio-Based Propylene Glycol: An Organic Compound with Multiple Uses Market

By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com

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Bio-Based Propylene Glycol: An Organic Compound with Multiple Uses Market 2019-2024

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Press Release Propylene glycol is used as a humectant in food additives, as well as pharmaceutical and industrial products. Expansion of the aftermarket and growing consumer awareness about the use of propylene glycol as a food additive are set to drive the market growth.

Propylene glycol is a synthetic liquid substance that absorbs water. It is a type of synthetic organic compound with the chemical formula C?H?O? and can be used to make polyester compounds, and as a base for de-icing solutions.

Propylene glycol is a syrupy liquid at room temperature and is clear and colorless. It exists in air in the form of vapor, although it must be heated or briskly shaken to produce vapor. Propylene glycol is practically odorless and tasteless. Propylene Glycol is obtained by refining oil and natural gas processing. It is also found naturally as a byproduct of fermentation.

Propylene glycol is hygroscopic in nature. This makes it miscible in water, chloroform, and acetone. It is also used to reduce the freezing point of chemicals. Propylene glycol can be segmented into biobased propylene glycol and petroleum-based propylene glycol. The production of petrochemicalbased products releases toxic pollutants. As people become more aware of the harmful effects of petroleum to the environment, the demand for bio-based propylene glycol will grow exponentially.

Several industries use propylene glycol in the form of monopropylene glycol and dipropylene glycol.

Monopropylene glycol is colorless, viscous, and odorless liquid. It has high capability of attracting water, esters, ketones, and amines. The most important application of this substance is that it is used in the production of unsaturated polyester resin. Dipropylene glycol is same as monopropylene glycol.

The only difference is, it can be used in various other applications such as unsaturated polyester resins, plasticizers, alkyd resins, cosmetics and urethane polyols.

Propylene glycol is used as a solvent in the pharmaceutical industry. In cosmetics, it helps stabilize products, protecting them from freezing at lower temperatures and melting at higher temperatures. In food, it helps to preserve moisture and dissolve flavors and colors. As shown in the above graph, propylene glycol is majorly used in seasonings and flavorings of food. Some of the foods that contain propylene glycol but are generally not listed on the ingredient labels include soft drinks, frozen meals, artificial sweeteners, foods with natural flavorings, spices, marinades and dressings, cake mixes, frosting, food colorings, and baked goods.

Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=16440 Unsaturated polyester resins are made by condensation of unsaturated acids and diols with/without diacids. These resins form extremely durable structures and coatings when cross-linked with a vinyl reactive monomer.

Unsaturated polyesters resins are used commercially in vast quantities. They were initially used as the coating in wire insulation and later followed by the rapid development of glass reinforced resins, using a matched metal die molding, and hand layup technique.

According to the graph above, unsaturated polyester resin is likely to grow in the upcoming years due to many new applications. According to IndustryArc Expert Insights, propylene glycol market revenue with respect to unsaturated polyester resin was $1,227.88 million in 2017 and is expected to reach $1,514.39 million by 2023. For instance, the construction market and wind energy sector have displayed high growth in the previous years, which is expected to continue in the next few years, thus

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offering revenue generation opportunities for unsaturated polyester resins manufacturers.

The economic outlook for the Asia-Pacific region is favorable, owing to the major economic development in China and other developing countries. All the major players of the propylene glycol market have established their operations in this region. China and India hold the maximum share of the propylene glycol market in the APAC region. The factors that led to the growth in this region are rapid industrialization and a humungous amount of construction. Economic development, followed by significant investments in transportation and construction is responsible for the growth of the propylene glycol production in the region. According to the International Monetary Fund, the economic growth in the APAC region is estimated to be around 5.5%-6% during the period 2017–2020.

There has been controversy regarding propylene glycol as some researchers believe that propylene glycol can be harmful to the human body and others say that it is harmless. There are several health concerns associated with propylene glycol, it can retain the growth in infants and affect pregnant women, cause liver and kidney failure, allergies, cardiovascular, and neurological symptoms. These issues can be addressed with bio-based propylene glycol in the near future. Governments along with various organizations has developed regulations and guidelines for the usage propylene glycol.

These regulations are designed to protect the public from potential adverse health and effects. The Food and Drug Administration has classified propylene glycol as safe, which means it can be used in flavoring drugs, in cosmetics, and as a direct food additive. According to the Department of Health and Human Services, propylene glycol breaks down at the same rate as ethylene glycol, although it does not form harmful crystals during the process. The market is growing and the glycol suppliers are evolving, to meet the challenges of regulations, rising consumer demands, and increased emphasis on sustainable products, globalization, cost pressures, and more.

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Table of Contents 1. Propylene Glycol Market – Market Overview 1.1. Definitions and Scope 2. Propylene Glycol Market - Executive Summary 2.1. Market Revenue, Market Size and Key Trends By Company 2.2. Key Trends By Type of Application 2.3. Key Trends Segmented By Geography 3. Propylene Glycol Market – Comparative Analysis 3.1. Comparative Analysis 3.1.1. Product Benchmarking – Top 10 Companies 3.1.2. Top 5 Financials Analysis 3.1.3. Market Value Split By Top 10 Companies 3.1.4. Patent Analysis – Top 10 Companies 3.1.5. Pricing Analysis 4. Propylene Glycol Market – Startup Companies Scenario 4.1. Top 10 Startup Company Analysis By 4.1.1. Investment 4.1.2. Revenue 4.1.3. Market Shares 4.1.4. Market Size and Application Analysis 4.1.5. Venture Capital and Funding Scenario 5. Propylene Glycol Market – Startup Companies Scenario 5.1. Regulatory Framework Overview 5.2. New Business and Ease of Doing business index 5.3. Case studies of successful ventures 5.4. Customer Analysis – Top 10 companies 6. Propylene Glycol Market – Market Forces 6.1. Market Drivers 6.2. Market Constraints 6.3. Market Challenges 6.4. Porters Five Force Model 6.4.1. Bargaining Power of Suppliers 6.4.2. Bargaining Power of Customers 6.4.3. Threat of New entrants 6.4.4. Rivalry Among Existing Players 6.4.5. Threat of Substitution 7. Propylene Glycol Market – Strategic Analysis 7.1. Value Chain Analysis 7.2. Pricing Analysis 7.3. Opportunities Analysis 7.4. Product/Market Life Cycle Analysis 7.5. Suppliers and Distributors 8. Propylene Glycol Market – By Application (Market Size - $Million/$Billion) 8.1. Market Size and Market Share Analysis 8.2. Application Revenue and Trend Research 8.3. Application Segment Analysis 8.3.1. Introduction 8.3.2. Unsaturated Polyester Resins 8.3.3. Anti-Freeze and Functional Fluids 8.3.4. Food, Pharma, and Cosmetics

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8.3.5. Liquid Detergents 8.3.6. Others 9. Propylene Glycol Market – By Source (Market Size - $Million/$Billion) 9.1. Market Size and Market Share Analysis 9.2. Application Revenue and Trend Research 9.3. Source Segment Analysis 9.3.1. Introduction 9.3.2. Bio Based 9.3.3. Petroleum Based 9.3.4. Others 10. Propylene Glycol Market – By End User (Market Size - $Million/$Billion) 10.1. Market Size and Market Share Analysis 10.2. Application Revenue and Trend Research 10.3. End User Segment Analysis 10.3.1. Introduction 10.3.2. Transportation 10.3.3. Building and Construction 10.3.4. Pharmaceuticals and Cosmetics 10.3.5. Food and Beverages 10.3.6. Others 11. Propylene Glycol Market – By Geography (Market Size - $Million/$Billion) 11.1. Propylene Glycol Market – North America Segment Research 11.2. North America Market Research ($Million/$Billion) 11.2.1. Segment Type Size and Market Size Analysis 11.2.2. Revenue and Trends 11.2.3. Application Revenue and Product Analysis 11.2.4. North America Product Type and Application Market Size 11.2.4.1. U.S. 11.2.4.2. Canada 11.2.4.3. Mexico 11.3. Propylene Glycol Market – South America Segment Research 11.4. South America Market Research ($Million/$Billion) 11.4.1. Segment Type Size and Market Size Analysis 11.4.2. Revenue and Trends 11.4.3. Application Revenue and Product Analysis 11.4.4. South America Product Type and Application Market Size 11.4.4.1. Brazil 11.4.4.2. Argentina 11.4.4.3. Ecuador 11.4.4.4. Peru 11.4.4.5. Colombia 11.4.4.6. Rest of South America 11.5. Propylene Glycol Market – Europe Segment Research 11.6. Europe Market Research ($Million/$Billion) 11.6.1. Segment Type Size and Market Size Analysis 11.6.2. Revenue and Trends 11.6.3. Application Revenue and Product Analysis 11.6.4. Europe Product Type and Application Market Size 11.6.4.1. Germany 11.6.4.2. France 11.6.4.3. Italy 11.6.4.4. Spain 11.6.4.5. Russia 11.6.4.6. U.K. 11.6.4.7. Rest of Europe 11.7. Propylene Glycol Market – Asia-Pacific Segment Research 11.8. Asia-Pacific Market Research ($Million/$Billion) 11.8.1. Segment Type Size and Market Size Analysis

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11.8.2. Revenue and Trends 11.8.3. Application Revenue and Product Analysis 11.8.4. Asia-Pacific Product Type and Application Market Size 11.8.4.1. China 11.8.4.2. India 11.8.4.3. Japan 11.8.4.4. South Korea 11.8.4.5. Rest of Asia-Pacific 11.9. Propylene Glycol Market – Rest of the World Segment Research 11.10. Rest of the World Market Research ($Million/$Billion) 11.10.1. Segment Type Size and Market Size Analysis 11.10.2. Revenue and Trends 11.10.3. Application Revenue and Product Analysis 11.10.4. Rest of the World Product Type and Application Market Size 11.10.4.1. Middle East 11.10.4.2. Africa 12. Propylene Glycol Market - Market Entropy 12.1. New Product Launches 12.2. M&As, Collaborations, JVs, Partnerships 13. Propylene Glycol Market – Market Share 13.1. Market Share Analysis 13.1.1. Market Share By Country – Top Companies 13.1.2. Market Share By Region – Top 10 Companies 13.1.3. Market Share By Type of Application – Top 10 Companies 13.1.4. Market Share By Type of Product / Product Category – Top 10 Companies 13.1.5. Market Share at Global Level – Top 10 Companies 13.1.6. Best Practices for Companies 14. Propylene Glycol Market – Key Company List By Country 15. Propylene Glycol Market – Company Analysis 15.1. Market Share, Company Revenue, Products, M&A, Developments 15.2. BASF SE 15.3. Huntsman International LLC 15.4. LyondellBasell 15.5. DowDuPont 15.6. Royal Dutch Shell 15.7. Archer Daniels Midland Company 15.8. Ineos Oxide 15.9. Global Biochem Technology Group 15.10. Repsol 15.11. Sinopec 15.12. Others *Financials would be provided on a best-efforts basis for private companies* 16. Propylene Glycol Market - Appendix 16.1. Abbreviations 16.2. Sources 17. Propylene Glycol Market – Research Methodology 17.1. Research Methodology 17.1.1. Company Expert 17.1.2. Industry Database 17.1.3. Associations 17.1.4. Company News 17.1.5. Company Annual Reports 17.1.6. Application Trends 17.1.7. New Products and Product Database 17.1.8. Company Transcripts 17.1.9. R&D Trends 17.1.10. Key Opinion Leaders Interviews 17.1.11. Supply and Demand Trend

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