Global Propylene Glycol (PG) Sales Market Report 2020

Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.
Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is “generally recognized as safe” for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.
The regions of Europe, North America and Asia (ex. China) are the main consumption bases, while Europe holds 21.56% consumption share, North America holds 20.16%, and Asia (ex. China) holds 21.13% consumption share in 2015. They occupy 62.84% of the global consumption in total.

Market Analysis and Insights: Global Propylene Glycol (PG) Market
The global Propylene Glycol (PG) market size is projected to reach US$ 7166.7 million by 2026, from US$ 4566.8 million in 2020, at a CAGR of 7.8% during 2021-2026.

Global Propylene Glycol (PG) Scope and Market Size
The global Propylene Glycol (PG) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Propylene Glycol (PG) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the Propylene Glycol (PG) market is segmented into
Industrial Grade
Food Grade
Pharmaceutical Grade

Segment by Application, the Propylene Glycol (PG) market is segmented into
UPR
PPG
Pharmaceuticals and Food
Others

The Propylene Glycol (PG) market is analysed and market size information is provided by regions (countries). Segment by Application, the Propylene Glycol (PG) market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Propylene Glycol (PG) Market Share Analysis
Propylene Glycol (PG) market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Propylene Glycol (PG) business, the date to enter into the Propylene Glycol (PG) market, Propylene Glycol (PG) product introduction, recent developments, etc.

The major vendors covered:
DowDuPont
Huntsman
ADM
Polioles
Lyondell Basell Industries
Repsol
BASF
Oelon
Sumitomo Chemical
Asahi
ADEKA
SKC
Shell
Shandong Shida Shenghua Chemical
Tongling Jintai Chemical
CNOOC and Shell Petrochemicals
Hi-tech Spring Chemical
Daze Group
Shandong Depu Chemical