An exclusive market study published by Fact.MR on the Propylene Glycol Market offers insights related to how the market is projected to grow over the forecast period 2019 to 2027. The objective of the report is to enable our readers to understand the various aspects of the Propylene Glycol Market and assist them to formulate impactful business strategies. Furthermore, the different factors that are expected to influence the current and future dynamics of the Propylene Glycol Market are discussed in the presented study.
According to the report, the Propylene Glycol market is set to reach a market value of ~US$ XX by the end and register a CAGR growth of ~XX% during the assessment period. The report offers an in-depth understanding of the Propylene Glycol supply chain, value, and volume chain across the various regional markets.
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Important Insights Enclosed in the Report:
- Technological developments within the Propylene Glycol Market sphere
- Growth prospects for new market players across different regions
- Company profiles of leading players in the Propylene Glycol Market
- Up-to-date insights related to the key success factors impacting the growth of the Propylene Glycol Market
- Recent mergers, acquisitions, partnerships, and strategic alliances
The latest business intelligence report on the Propylene Glycol Market published by Fact.MR introspects the various parameters that are likely to influence the growth trajectory of the Propylene Glycol Market during the forecast period 2019 to 2027. The report includes a detailed qualitative and quantitative assessment of the Propylene Glycol Market and touches upon the business strategies of the prominent players operating in the Propylene Glycol Market.
The published report provides a deep understanding of the Propylene Glycol Market by segregating the market into different segments such as region, application, and end-use industry.
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competitive landscape analysis of the propylene glycol market, request free report sample here
Enhanced Production Capacity of U.S Gives It Leverage
The production of specialty chemicals will receive gains from end-use applications such as oilfield chemicals, coatings, electronic chemicals, adhesives, flavors, cosmetic chemicals, and fragrances. The surge in the demand for specialty chemicals will also remain sustained, on account of the growth in industrial and construction activities in the future. Therefore, the U.S. remains a key country for the growth of leading manufacturers in the chemical industry, and it further benefits from the increasing production of bio-based propylene glycol in the country.
Demand and supply exchange within the global propylene glycol market is generally balanced for some raw materials except for bio-based, which requires more production capacity by 2020. The global propylene glycol market is moderately consolidated with a few chemical industry giants capturing a large part of the market share. Dow Chemical Company and LyondellBasell Industries are the two major players within the global propylene glycol market accounting for over 40% of the market share. Other prominent producers include Archer Daniels Midland (U.S.), BASF SE (Germany) and Global BioChem (China). Some of the notable developments in the global propylene glycol industry are-
- In 2018, LyondellBasell inaugurated, which according to them, is the largest production section for propylene subsidiaries in Houston. The new plant is said to produce 470,000 metric tons of propylene materials annually.
- In 2019, South Korean SKC Cooperative and Kuwait’s Petrochemical Industries Company (PIC) have signed an agreement for the sale of 50% stake in SKC’s chemical business. This joint venture is aimed to achieve a production target of one million tons of propylene glycol and propylene oxide. Large scale production, expansion and timely acquisitions will continue to be the winning business imperatives for manufacturers in the propylene glycol market.
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Important queries addressed in the Propylene Glycol Market report:
- How will the evolving trends impact the growth of the Propylene Glycol Market over the forecast period?
- Which companies are currently dominating the Propylene Glycol Market in terms of market share?
- How can market players capitalize on the lucrative opportunities in Region 1?
- What is the projected growth rate of the Propylene Glycol Market in various regions during the forecast period?
- Is the current market scenario favorable for the growth of new market players?
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