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Jun 18, 2023

Propylene Glycol Market

Propylene Glycol (PG) is a versatile synthetic compound with diverse applications across industries. Its hygroscopic nature makes it an effective humectant in food, cosmetics, and pharmaceutical

Propylene Glycol (PG) is a versatile synthetic compound with diverse applications across industries. Its hygroscopic nature makes it an effective humectant in food, cosmetics, and pharmaceutical products, preventing moisture loss. In the automotive sector, PG serves as a coolant and antifreeze due to its low freezing point and high boiling point. Its solvency and stability also find utility in various chemical processes. PG’s non-toxic nature further makes it a safe option in personal care items. With its multifaceted properties, propylene glycol continues to play a vital role in enhancing products’ performance, stability, and shelf life across a range of sectors.

Witness the transformation of the chemical industry with the emergence of bio-based propylene glycol as an eco-friendly alternative. Leading companies like Cargill, ADM, and The Dow Chemical Company are pioneering the production of propylene glycol from glycerin, showcasing their commitment to sustainability and environmental regulations. Join us in exploring how this innovative approach not only meets industry standards but also propels the market toward a greener future.

As per the recent research conducted by a leading market insights provider FMI, the global Propylene Glycol market size will expand at a healthy CAGR over the forecast period between 2022 and 2027. The aim of this study is to analyze key market dynamics affecting the sales of Propylene Glycol and provide vital insights to business owners to get benefited from forthcoming opportunities.

The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.

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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Propylene Glycol Market

Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.

Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Propylene Glycol market.

Key Propylene Glycol Market Takeaways and Projections

Competitive Landscape Analysis

The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Propylene Glycol market. It also profiles a list of prominent companies including

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Key Segments Profiled in the Propylene Glycol Industry Survey

Regional analysis includes

Why Buy FMI’s Report?

About Future Market Insights, Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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