Propylene Glycol Market worth $4.2 Billion by 2019

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MarketsandMarkets Presents
Propylene Glycol Market worth 4.2 Billion by
2019
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opylene-glycol-market-264488864.html
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The report 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 defines and segments the global propylene
glycol market with an analysis and forecast of
its market size, in terms of volume and
value. Browse gtgt 138 data
tables 73 figures
181 pages and in-depth TOC on
Propylene Glycol Market http//www.marketsandma
rkets.com/Market-Reports/propylene-glycol-market-2
64488864.html Early buyers will receive 10
customization of reports.
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The report segments the global propylene
glycolmarket by source, application, and region.
It also focuses on industry trends and market
dynamics such as drivers, restraints, and
opportunities.The report also defines driving and
restraining factors for the global propylene
glycol market with the analysis of trends,
opportunities, burning issues, and winning
imperatives. The major drivers include the
growing demand from Asia-Pacific region and
increased consumption of propylene glycol by
various high impact application segments. The
market size forecast is provided by major
regions, such as North America, Europe,
Asia-Pacific, and Rest of the World (RoW) by both
value and volume. Top players in the market have
been identified and profiled.
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Europe The Biggest Market of Propylene
Glycol Europe was the largest market
globallyfor propylene glycol in 2013 in terms of
value. Germany is the key consumer of propylene
glycol in Europe. Rising environmental concerns
coupled with presence of domestic bio-based
propylene glycol manufacturers have shifted
consumer focus towards sustainable and
environment-friendly chemicals. The demand for
propylene glycol in this market is driven by
major applications, such as unsaturated polyester
resin, pharmaceuticals cosmetics, and
antifreeze functional fluids.Pharmaceuticals
cosmetics application is the fastest growing
segment for propylene glycol in Europe. The
largest manufacturers of propylene glycol in this
region are Dow Chemical Company (U.S.), BASF SE
(Germany), and LyondellBasell Industries N.V.
(The Netherlands).
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Propylene Glycol Demand in U.S. Remains
Strong The U.S. is the leading consumer of
propylene glycolglobally. It accounted for a
share of 95 in North America in 2013. The
demand for conventional propylene glycol in the
region is strong due to high usage in the growing
end-use applications such as unsaturated
polyester resin and antifreeze functional
fluids. However, the North America region is also
experiencing a shift from conventional propylene
glycol to bio-based propylene glycol consumption.
China is the second-largest consumer of propylene
glycol globally. The growth of the Chinese
propylene glycol market can be attributed to it
being a global manufacturing hub for various
chemical derivatives and end-products. The
flourishing pharmaceuticals cosmetics industry
in China is further resulting in the higher
propylene glycol demand from the country.
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