Propylene glycol is increasing in pharmaceuticals & cosmetics application resulting in the market size in terms of value projected to grow at the high CAGR of 6.1% between 2014 and 2019.
(PRWEB) September 29, 2014
Propylene glycol is well-known for its unique combination of properties that fulfills various roles in different applications. It is used as a solvent, emulsifier, excipient, humectant, and hygroscopic agent and thus finds their usage in various industries for one or more applications. The major application is unsaturated polyester resin, which accounted for ~35% in terms of value of the global propylene glycol market in 2013, followed by the pharmaceuticals & cosmetics, antifreeze & functional fluids, liquid detergents, and plasticizers. Complete report is available at http://www.reportsnreports.com/reports/298318-propylene-glycol-market-by-source-petroleum-bio-based-application-unsaturated-polyester-resin-pharmaceuticals-cosmetics-antifreeze-functional-fluid-liquid-detergent-plasticizer-global-trends-forecasts-to-2019.html .
Europe is the biggest market of propylene glycol, consuming a major share of ~29% of market in terms of value in 2013. There is tremendous scope in the Asia-Pacific market due to the escalation of China’s economy and rapid industrialization in the region. Currently, the penetration of propylene glycol is increasing in pharmaceuticals & cosmetics application resulting in the market size in terms of value projected to grow at the high CAGR of 6.1% between 2014 and 2019. The increased domestic production of bio-based propylene glycol is further adding to the rising demand of propylene glycol in pharmaceuticals & cosmetics application in Asia-pacific region.
It also includes the company profiling and competitive strategies adopted by various market players including Archer Daniels Midland Co, BASF SE, Dow Chemical Company, Dupont Tate & Lyle Bio Products LLC, Global Bio-Chem Technology Group Co. Ltd, Huntsman Corporation, Lyondellbasell Industries N.V, SKC Co. Ltd and Temix International S.R.L Order a copy of this report (Priced US $4650) at http://www.reportsnreports.com/purchase.aspx?name=298318.
This study on propylene glycol market estimates its global demand and market value for 2014 and projects the expected demand and market value of the same by 2019. As a part of the quantitative analysis, the study segments the global market by source and applications at country level with current market estimation and forecast till 2019. The countries covered in the report are U.S., Canada, China, Japan, Germany, Italy, Spain, France, Brazil, and other 20 countries. The segmentation by source includes petroleum-based and bio-based while on the basis of its applications; the segmentation includes unsaturated polyester resin, pharmaceuticals & cosmetics, antifreeze & functional fluids, liquid detergents, plasticizers, and others.
Further as a part of qualitative analysis, the research provides report with a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, and key issues in the market. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=298318 .
The increasing cost of the conventional feedstock and regulations on conventional chemicals are acting as major barriers for the growth of propylene glycol market. However, the negative environmental impact of the conventional propylene glycol is anticipated to drive the demand for bio-based propylene glycol globally. Expansion (facility and capacity) and partnership & collaboration are identified as key strategies which are helping the major players to further expand their reach in the global propylene glycol market
Scope of the report:
This research report categorizes the global market for propylene glycol on the basis of source, application, and geography along with forecasting volume, value, and analyzing trends in each of the sub markets.
On the basis of Source: The propylene glycol market is segmented on the basis of source as petroleum based and bio based. Each source is further described in detail in the report with volume and value forecasts for each source.
On the basis of Application: The propylene glycol market is segmented as unsaturated polyester resin, pharmaceuticals & cosmetics, antifreeze & functional fluid, liquid detergent, plasticizer, and others. Each application is further described in detail in the report with volume and value forecasts for each application.
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