1,2-Propanediol Market (Updated Version Available)

The report offers detailed coverage of 1,2-Propanediol industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading 1,2-Propanediol by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.
The primary outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are used in surface coatings and glass fiber-reinforced resins. The second-largest consumer is functional fluids such as deicing and antifreeze. 1, 2-Propanediol is also used in plasticizers and hydraulic brake fluids. Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and ­tobacco industries. It is also an excellent solvent and extractant.
1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 35.73%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America.
The market of 1, 2-Propanediol is quite concentrated, with the top four companies take 53.93% of global market in 2015. Leading players in this industry are Dow, Lyondell Basell, Huntsman, INEOS, BASF, ADM, Sumitomo Chemical (Nihon Oxirane), SKC, etc, among which. Dow dominate the market in North America and Europe with a market share of 31.44% and five global manufacturing facilities include Stade plant, one of the world\'s largest capacity plants.
The global market of 1, 2-Propanediol has been faced with overcapacity for quite a few years, which is especially severe in China. The average capacity utilization rate in China can hardly reach 60% for the years. However, in the further, the market of 1, 2-Propanediol would be expected to be promising due to adjustment of industrial structure and surging demand in food and pharmaceutical areas.

The report forecast global 1,2-Propanediol market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global 1,2-Propanediol market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Dow
Lyondell Basell
Huntsman
INEOS
BASF
ADM
Sumitomo Chemical (Nihon Oxirane)
SKC
Repsol
Asahi Kasei
Shell
Tongling Jintai Chemical
Shandong Shida Shenghua Chemical
CNOOC and Shell Petrochemicals
Hi-tech Spring Chemical
Daze Group
Shandong Depu Chemical


At the same time, we classify 1,2-Propanediol according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Industrial Grade
Food Grade
Pharmaceutical Grade
Market by Application
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the 1,2-Propanediol market for the forecast period 2021 - 2025?
• What are the driving forces in the 1,2-Propanediol market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the 1,2-Propanediol industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?