London, UK (PRWEB) March 18, 2014
In 2013, the global production of propylene glycol (PG) registered a 8% YoY increase and exceeded 2.18 million tonnes. One of the major propellers of the robust production growth was the launch of a novel SCG-Dow PG unit in Thailand in March with the annual capacity of around 150,000 tonnes per year. In 2013, the world average PG industry operating rates were estimated at around 77%. The global PG market is witnessing a continuous shift to Asian countries, particularly to China. Another major trend in the worldwide PG market is the production of PG from bio feedstock. Presently, the US is the major PG manufacturing country, accounting for over 30% of the global PG supply. In 2013, the world PG consumption went beyond 2.12 million tonnes in volume. Novel capacity introductions and an increase in capacity utilization rates have caused a slight oversupply in the market.
The world PG market is forecast to grow by around 4.5% annually in the forthcoming years. The strongest growth is predicted to be recorded in China and several other emerging regions. In 2015, the market is expected to reach balance between supply and demand. In 2017, the global PG production will likely exceed the 2.56 million tones mark.
Comprehensive analysis and forecast of the world, regional and country PG markets can be found in the topical research study “Propylene Glycol (PG): 2014 World Market Outlook and Forecast up to 2018” prepared by Merchant Research & Consulting and recently published by Market Publishers Ltd. The report presents a deep insight into the present situation and historical background of the PG market; offers future industry forecasts; grants access to cutting-edge data showing PG capacities, production, demand trends, exports and imports statistics, and regional price fluctuations.
Title: Propylene Glycol (PG): 2014 World Market Outlook and Forecast up to 2018
Published: February, 2014
Price: US$ 4,500.00
All-encompassing analysis of the PG market at different geographies together with a heap of cutting-edge statistics illustrating PG capacity, production and demand and covering the foreign trade flows and volumes is provided in the in-demand report. The topical study offers a clear description of the trends prevailing in the PG market, explores the landscape of the key country and regional markets, touches upon the feedstock market situation, and also dissects the major market growth resistors and limiters. The report shows who stands where in the PG marketplace, highlights the recent price changes, profiles the dominant PG manufacturers and suppliers. Additionally, the topical study presents a comprehensive future outlook for the PG market through 2018.
More in-demand market research reports by the publisher can be found at Merchant Research & Consulting page.