Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Propylene Glycol Solvent, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Glycol Solvent. This report contains market size and forecasts of Propylene Glycol Solvent in global, including the following market information:
Global Propylene Glycol Solvent Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Propylene Glycol Solvent Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Propylene Glycol Solvent companies in 2022 (%)
The global Propylene Glycol Solvent market was valued at US$ 1106.6 million in 2022 and is projected to reach US$ 1366.8 million by 2029, at a CAGR of 3.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Propylene Glycol Solvent manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Propylene Glycol Solvent Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Propylene Glycol Solvent Market Segment Percentages, by Type, 2022 (%)
Industrial Grade Propylene Glycol Solvent
Food Grade Propylene Glycol Solvent
Pharmaceutical Grade Propylene Glycol Solvent
Global Propylene Glycol Solvent Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Propylene Glycol Solvent Market Segment Percentages, by Application, 2022 (%)
Industrial Cleaning Fluid
Paint and Ink
Food Processing
Medical Field
Personal Care
Others
Global Propylene Glycol Solvent Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Propylene Glycol Solvent Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Propylene Glycol Solvent revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Propylene Glycol Solvent revenues share in global market, 2022 (%)
Key companies Propylene Glycol Solvent sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Propylene Glycol Solvent sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Propylene Glycol Solvent, market overview.
Chapter 2: Global Propylene Glycol Solvent market size in revenue and volume.
Chapter 3: Detailed analysis of Propylene Glycol Solvent manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Propylene Glycol Solvent in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Propylene Glycol Solvent capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
