Title: Propylene Glycol Market - Global Trends & Forecasts to 2019
1MarketsandMarkets Presents
- Propylene Glycol Market
- Global Trends Forecasts to 2019
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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. -
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