Propylene Glycol Market - Global Trends & Forecasts to 2019 - PowerPoint PPT Presentation

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Propylene Glycol Market - Global Trends & Forecasts to 2019

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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 – PowerPoint PPT presentation

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Title: Propylene Glycol Market - Global Trends & Forecasts to 2019


1
MarketsandMarkets Presents
  • Propylene Glycol Market
  • Global Trends Forecasts to 2019

2
  • Propylene glycol is an organic compound which is
    colorless, odorless, clear, and dense. It is
    miscible with water and is hygroscopic in nature.
    Over 90 of the propylene glycol produced
    globally is from a conventional source (petroleum
    based), with the rest being produced from
    renewable feedstock (bio-based). Propylene oxide
    derived from propylene is reacted with water by
    employing either a non-catalytic or a catalytic
    process. Propylene glycol is used in diverse
    applications as an intermediate to make other
    chemicals, such as unsaturated polyester resins,
    plasticizers, pharmaceuticals cosmetics,
    functional fluids (antifreeze, coolants, heat
    transfer fluids, aircraft deicing fluids), liquid
    detergents, solvents, and pet/animal food.
  • The propylene glycol market is projected to
    witness a CAGR of 5.7 between 2014 and 2019, and
    is expected to generate a global market value of
    4,194.59 million by 2019.

3
  • http//www.marketsandmarkets.com/Market-Reports/pr
    opylene-glycol-market-264488864.html
  • The growth of the global propylene glycol market
    is mainly driven by the growing demand for the
    market from Asia-Pacific region and an intense
    focus towards the usage of renewable chemicals by
    various end-user industries. New capacities for
    bio-based propylene glycolare being added by
    various market players in order to serve the
    potentially high demand from these industries in
    the near future. Asia-Pacific is the key market
    that accounted for around 30in terms of volume
    of the total global demand in 2013. The region is
    further expected to show high growth in the
    future, mainly due to its increased domestic
    demand and rapid industrialization.

4
  • Unsaturated polyester resin is the largest
    application of propylene glycol across the world.
    The market size in terms of value for the same is
    projected to reach 1,472.8 million by 2019. The
    propylene glycol demand for unsaturated polyester
    resin application from Asia-Pacific region is
    growing at a high rate. This is due to the
    growing industrialization and rise in the
    manufacturing sector, especially China, and huge
    investments made that related to unsaturated
    polyester resin manufacturing projects.

5
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6
About MarketsandMarkets
MarketsandMarkets is a global market research and
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