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Propylene Glycol Market by Source, Application, End-Use Industry - Global Forecast to 2021

Propylene Glycol Market: Global Forecast until 2021

  • May 2017
  • 192 pages
  • ID: 4884892
In this report:
The market for this segment in Asia-Pacific is expected to register the highest CAGR of ##.##%, between 2016 and 2021, in terms of value.
The industry in Mexico is projected to grow in the future owing to the demand for manufactured goods from the U.S. The construction sector in the U.S. is projected to reach USD ##,##.## billion by 2021, at a moderate CAGR of ##.##% between 2016 and 2021.

Summary

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"The propylene glycol market forecasted to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast horizon"

The propylene glycol market is estimated to grow ~$4.6B by 2021, at a compound annual growth rate of 5.80 percent from 2016 to 2021. The rise is primarily due to increasing demand for propylene glycol in automotive coolant application along eco-friendly production process of bio-based propylene glycol.

"Petroleum-based propylene glycol is anticipated to be the biggest source in the overall propylene glycol market"

On the basis of source, petroleum-based propylene glycol is intended to be the biggest segment in the overall propylene glycol market from 2016 to 2021. Petroleum-based propylene glycol is the most widely used propylene glycol due to its widespread applications. Also, the growing demand from the construction and transportation sectors is also fueling the increase of this segment.

"Transportation is anticipated to be the biggest end-use market of the propylene glycol market during the estimate period"

Transportation is anticipated to be the most important end-use sector of the overall propylene glycol market from 2016 to 2021. The increasing demand for propylene glycol in automotive coolants, aircraft deicing fluids, hydraulic & brake fluids, and power cruisers applications is driving this industry segment. Furthermore, economic development in the Asia-Pac area is also driving the overall propylene glycol market in transportation market.

"Asia-Pac is forecasted to be the quickest-rising propylene glycol market during the outlook period"

The Asia-Pac region is the biggest and the quickest-increasing propylene glycol market. Economic development, succeeded by substantial investments in industries including transportation, and building & construction is fueling the propylene glycol market. With economic contraction and saturation in the European and North American sectors, demand is shifting to the Asia-Pacific area.

Breakdown of profiles of primary Q&A for the analysis

• By Company category - Tier 1 - 30.0 percent, Tier 2 -43.0 percent, and Tier 3 - 27.0 percent

• By Description - C-suite - 21.0 percent, D-level - 23.0 percent, and Others - 56.0 percent

• By Area - North America (NA) - 37.0 percent, EU - 23.0 percent, Asia Pacific (APAC) - 26.0 percent, and rest of the world - 14.0 percent

Some of the top firms decribed in this analysis are Dow Chemical (NYSE:DOW), LyondellBasell Industries N.V., BASF SE, Archer Daniels Midland (NYSE:ADM), Global Bio-chem Technology Group Co., Limited, DuPont Tate & Lyle Bio Products Company, Limited liability company, Huntsman (NYSE:UN), SKC Co., Limited, Temix International S.R.L., and Ineos Oxide among others.

Scope of the Report

The market research is divided on the basis of source, application, end-user market, and area. The main source examined in this market report are petroleum-based propylene glycol and bio-based propylene glycol. The main application included in this business report are unsaturated polyester resin, food, pharmaceuticals & cosmetics, antifreeze & functional fluids, liquid detergents, plasticizers, and others. The end-use market includes transportation, building & construction, pharmaceuticals & cosmetics, food & beverage, and others. The sector is also broken down on the basis of regions containing the Asia Pacific (APAC) area, Europe (EU), North America continent, South America region, and Middle East (ME) & African continent.

Key Benefits

This industry report includes the following studies which will benefit the client:

• Market segmentation established on source, application, end-use sector, and area

• Market dynamics including drivers, market restraints, and alternatives

• Porter's Five Forces Analysis with respect to the overall propylene glycol market

• Profile of the main market actors of the overall propylene glycol market

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