Propylene Glycol Market - Global Trends & Forecasts to 2019

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MarketsandMarkets Presents

• Propylene Glycol Market
• Global Trends Forecasts to 2019

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• 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.

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• 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.

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• 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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