1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid or a form of organic compound with the consistency of sweetener with formula C3H8O2. It has been found wide utilized to form unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. The most outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs) that square measures utilised in surface coatings and glass fiber-reinforced resins. Another largest client is practical fluids like deicing and antifreeze. 1, 2-Propanediol is additionally utilized 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.
The study analysis of,’ World Propylene Glycol (PG) [1,2-Propanediol; 1,2-Propylene Glycol] Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ specific that there are some corporates that presently functioning any with success for dominant the foremost effective growth of the market and obtaining the productive competitive edge whereas acceptive the productive moneymaking method within which at intervals throughout which and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes DowDuPont, Oelon, Huntsman, BASF, ADM, Asahi, Repsol, Lyondell Basell Industries, Sumitomo Chemical, Polioles, Tongling Jintai Chemical, Daze Group, ADEKA, CNOOC and Shell Petrochemicals, Shandong Shida Shenghua Chemical, SKC, Shandong Depu Chemical, Hi-tech Spring Chemical and Shell. In addition, Bio-based propylene glycol is derived renewably and can be used efficiently in the industries that manufacture perfumes and colognes. Also, The Food and Drug Administration (FDA) has found humectant as an additive that’s “generally recognized as safe” for utilization in food. It is utilized to consume extra water and maintain moisture in some medicines, cosmetics, or food products. It’s a solvent for food colors and flavors, and within the paint and plastics industries.
On the premise of geography, the World Propylene Glycol (PG) [1, 2-Propanediol; 1, 2-Propylene Glycol] Market is divides into key regions which include USA, Europe, Japan, China, India and South East Asia. The rising population in the country, accompanied by rising construction spending in the developing markets of China, India, and South Korea, is projected to make this region an ideal destination for the propylene glycol industry. The market is further divided on the basis of product and application. By Product Segmented into Industrial Grade, Food Grade and Pharmaceutical Grade. By Application Segment into UPR, PPG and Pharmaceuticals and Food.
Moreover, unsaturated polyester organic compound is predicted to dominate the planet propylene glycol market throughout the forecast amount, followed by antifreeze & functional fluids and pharmaceuticals. The increasing building & housing industry, not to mention with rising investments in rising economies for infrastructural development, is boosting the growth of the propylene glycol market in the unsaturated polyester resin. Petroleum-based propylene glycol is predicted to lead the world market during the upcoming years, because of its growing use in the transportation and building & construction industries. Thus, it is anticipated that the market of Propylene Glycol will spice up throughout the approaching years.
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World Propylene Glycol (PG) [1, 2-Propanediol; 1, 2-Propylene Glycol] Market
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