The global propylene glycol market is segmented into petroleum-based and bio-based propylene glycol. This segment is expected to grow at the highest CAGR in the global propylene glycol market from 2016 to 2021. This is because the production of propylene glycol from the bio-based source has less impact on the environment. In addition, increasing demand from the pharmaceuticals & cosmetics application is also driving the growth of this segment.

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The report “Propylene Glycol Market by Source (Petroleum and Bio-Based), Application (Unsaturated Polyester Resin, Antifreeze & Functional Fluid, Food, Pharmaceuticals & Cosmetics), End-Use Industry (Transportation, Building & Construction). Browse 110 market data tables and 89 figures spread through 192 pages and in-depth TOC. 

The objectives of this study are:

To define, describe, and analyze the global propylene glycol market by source, application, end-use industry, and region
To forecast and analyze the market size (in terms of value and volume) and different submarkets of five regions Asia-Pacific, Europe, North America, South America, and the Middle East & Africa,
To forecast and analyze the market at the country level for each region
To strategically analyze each submarket with respect to individual growth trends and its contribution to the global propylene glycol market
To analyze opportunities in the market for the stakeholders by identifying high growth segments of the global propylene glycol market
The propylene glycol market in Asia-Pacific is expected to witness the highest CAGR between 2016 and 2021. The economic growth in the Asia-Pacific region is driving the market for propylene glycol. In addition, increased demand for propylene glycol in key countries such as China and India, are contributing to the growth of the propylene glycol market in the region.

Currently, the global propylene glycol market is led by various market players such as The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Huntsman Corporation (U.S.), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland) among others.