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Global Propylene Glycol Solvent Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

Published Date: 2020-08-31   |   Pages: 119   |   Tables: 140   | Report Id: 1591580   | Hits: 23 |   Chemical & Material

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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.

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.

Market Analysis and Insights: Global Propylene Glycol Solvent Market

The global Propylene Glycol Solvent market size is projected to reach US$ 1259 million by 2026, from US$ 1042.2 million in 2020, at a CAGR of 3.2% during 2021-2026.

Global Propylene Glycol Solvent Scope and Segment

The global Propylene Glycol Solvent market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Propylene Glycol Solvent market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

By the product type, the market is primarily split into

Industrial Grade Propylene Glycol Solvent

Food Grade Propylene Glycol Solvent

Pharmaceutical Grade Propylene Glycol Solvent

By the end users/application, this report covers the following segments

Industrial Cleaning Fluid

Paint and Ink

Food Processing

Medical Field

Personal Care

Others

Competitive Landscape:

The report provides a list of all the key players in the Propylene Glycol Solvent market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product development, research, and development, and also provides revenue shares, company overview, and recent company developments to remain competitive in the market.

The Propylene Glycol Solvent key manufacturers in this market 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

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