Propylene Glycol Market by Source Petroleum and BioBased, Application Unsaturated Polyester Resin, Antifreeze Functional Fluid, Food, Pharmaceuticals Cosmetics, EndUse Industry Transportation, Building Construction Global Forecast to 2021 [Update
World News: 10:30 GMT Thursday 4th May 2017. [SPi-Reports.com via SPi World News]
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- Propylene Glycol Market by Source Petroleum and BioBased, Application Unsaturated Polyester Resin, Antifreeze Functional Fluid, Food, Pharmaceuticals Cosmetics, EndUse Industry Transportation, Building Construction Global Forecast to 2021 [Update
The propylene glycol market projected to grow at a CAGR of 5.8% during the forecast period
The propylene glycol market is projected to reach USD 4.60 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. The growth is primarily due to growing demand for propylene glycol in automotive coolant application coupled with ecofriendly production process of biobased propylene glycol.
Petroleumbased propylene glycol is expected to be the largest source in the global propylene glycol market
On the basis of source, petroleumbased propylene glycol is projected to be the largest segment in the global propylene glycol market from 2016 to 2021. Petroleumbased propylene glycol is the most widely used propylene glycol due to its widespread applications. Moreover, the rising demand from the construction and transportation industries is also fueling the growth of this segment.
Transportation is anticipated to be the largest enduse industry of the propylene glycol market during the forecast period
Transportation is expected to be the largest enduse industry of the global propylene glycol market from 2016 to 2021. The rising demand for propylene glycol in automotive coolants, aircraft deicing fluids, hydraulic brake fluids, and power cruisers applications is driving this segment. Moreover, economic development in the AsiaPacific region is also driving the global propylene glycol market in transportation industry.
AsiaPacific is projected to be the fastestgrowing propylene glycol market during the forecast period
The AsiaPacific region is the largest and the fastestgrowing propylene glycol market. Economic development, followed by substantial investments in industries such as transportation, and building construction is fueling the propylene glycol market. With economic contraction and saturation in the European and North American markets, demand is shifting to the AsiaPacific region.
Breakdown of profiles of primary interviews for the report
By Company Type Tier 1 30%, Tier 2 43%, and Tier 3 27%
By Designation C Level 21%, Director Level 23%, and Others 56%
By Region North America 37%, Europe 23%, AsiaPacific 26%, and RoW 14%
Some of the key companies profiled in this report are The Dow Chemical Company U.S., LyondellBasell Industries N.V. Netherlands, BASF SE Germany, Archer Daniels Midland Company U.S., Global Biochem Technology Group Co., Ltd. China, DuPont Tate Lyle Bio Products Company, LLC U.S., Huntsman Corporation U.S., SKC Co., Ltd. South Korea, Temix International S.R.L. Italy, and Ineos Oxide Switzerland among others.
The report is segmented on the basis of source, application, enduse industry, and region. The major source covered in this report are petroleumbased propylene glycol and biobased propylene glycol. The major application covered in this report are unsaturated polyester resin, food, pharmaceuticals cosmetics, antifreeze functional fluids, liquid detergents, plasticizers, and others. The enduse industry includes transportation, building construction, pharmaceuticals cosmetics, food beverage, and others. The market is also segmented on the basis of regions including the AsiaPacific region, Europe, North America, South America, and Middle East Africa.
This report covers the following studies which will benefit the client:
Market segmentation based on source, application, enduse industry, and region
Market dynamics including drivers, restraints, and opportunities
Porter's Five Forces Analysis with respect to the global propylene glycol market
Profile of the key market players of the global propylene glycol market
Read More: http://www.spi-reports.com/product/591425-propylene+glycol+market+by+source+%28petroleum+and+bio-based%29%2C+application+%28unsaturated+polyester+resin%2C+antifreeze+%26+functional+fluid%2C+food%2C+pharmaceuticals+%26+cosmetics%29%2C+end-use+industry+%28transportation%2C+building+%26+construction%29+-+global+forecast+to+2021+%5Bupdated%3A+01-05-2017%5D.html
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