Propylene Glycol Market Display Steady Growth on Account of its Increasing Usage in the Production of Polyester Resins

1. Propylene Glycol Market Display Steady Growth on Account of its Increasing Usage in the Production of Polyester Resins Propylene Glycol Market Report provides in-depth analysis of industry by Production, Share, Size, Demand, Proposition, Development, Opportunistic Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic Investment Feasibility, Major key players, SWOT Analysis and Forecast. Global Propylene Glycol Market is expected to witness a steady growth on account of its increasing usage in the production of polyester resins. Propylene glycol is an organic compound with a chemical formula C3H8O2. Propylene glycol is produced using propylene oxide. It is a colorless as well as an odorless liquid and is easily miscible in water, chloroform and acetone. It is mainly used in the production of polymers, however, there are some uses of propylene glycol in food processing. Usage of propylene glycol as a chemical feedstock is a major application driving the overall demand. This organic compound is used in the manufacturing of polyester resins which in turn is used bulk molding, sheet molding and laser printer toners. Wall panels made from polyester resins are widely used in restaurants, restrooms, and kitchens which require low maintenance washable walls. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/propylene-glycol-market/request-sample

2. Further, its application as a food preservative has been driving the market demand in recent years. They are used in liquid sweeteners, ice creams, and coffee based drinks. Propylene glycol is used as a solvent in oral and injectable pharmaceutical drugs. Their usage in the manufacturing of veterinary drugs is expected to propel the demand over the forecast period. Recent trends have shown that E- cigarettes contain a flavored liquid which is a mixture of vegetable glycerin and propylene glycol. Health safety related to this organic compound offers a major challenge for the overall industry growth. Some consumers may show allergic reaction which includes a headache, dry and skin. The U.S food and drug administration categorizes propylene glycol usage as safe when used in small quantities but offers risk when exposed to plasma concentration. Market segmentation is done on the basis of application which includes polyester resin, food additives, pharmaceuticals and cosmetics Polyester resins account for maximum segment share owing to its high usage in manufacturing of other organic compounds. Segmentation demand is followed by food additives on account of its use to increase the texture and shelf life of packaged eateries. The pharmaceutical application is expected to provide great opportunities over the forecast period. North America has been the leading market in recent years in terms of demand and is expected to continue its increasing application in pharmaceuticals and food processing industry. The U.S has shown substantial usage of propylene glycol in the aerated beverage industry. Further, regional demand is followed by Asia Pacific mainly on account of increasing application of propylene glycol as a food additive. Development of packaged food industry and retail sector has helped in increasing the demand in emerging economies including India and China. These emerging economies are expected to witness a significant growth in terms of production of propylene glycol on account of high investment in organic chemical manufacturing. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/propylene-glycol-market Europe is expected to show a steady growth over the forecast period with high demand as an additive in the manufacturing of milk products and confectionaries. South America and Africa is expected to witness a stagnant growth owing to the slow growth of overall development of

3. application industries. Major players operating in the propylene glycol market are DuPont, BASF, and Dow Chemicals. Other major players present in the market are LyondellBasell, SKC, Huntsman, SKC Co Ltd, Temix International and Global Biochem. Companies are focusing on research and development in order to find out new applications for propylene glycol. This is expected to diversify the application portfolio and therefore propelling the demand in near future. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/chemicals Market Segment: Global Propylene Glycol market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Archer Daniels Midland Company • BASF • DOW • Global Bio-Chem • Lyondellbasell • Huntsman • SKC Co., Ltd. • Royal Dutch Shell PLC. • Temix International • Dupont • Ineos Oxide • Asahi Glass

4. • Adeka • Manali Petrochemicals • Qingdao Shida • Tongling Jintai Chemical • Dongying Hi-Tech Spring Chemical • Shandong Depu Chemical • Chaoyang Chemicals • Oleon • Golden Dyechem • Haike Chemical • Helm AG • Oxyde Belgium • Arrow Chemical • Trinternational On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into • Petroleum • Bio-Based On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including • Unsaturated Polyester Resin • Food, Pharmaceuticals & Cosmetics

5. • Antifreeze & Functional Fluid • Liquid Detergents • Plasticizers • Others Browse Full Research Report @ https://www.millioninsights.com/industry-reports/propylene-glycol-market

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