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 & ... Read more
The global propylene glycol market was valued at USD 3.32 Billion in 2015 and is projected to reach USD 4.60 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. Contracts & agreements and expansions are the strategies adopted by the key players to strengthen their positions in the global propylene glycol market. The maximum number of strategic developments undertaken between 2012 and 2016 took place in North America, followed by Europe and South America.
The propylene glycol market size is projected to reach USD 4.7 billion by 2024 from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing demand for propylene glycol in countries such as China, India, Japan, and South Korea from the transportation, building & construction, food & beverage, pharmaceuticals, and cosmetics & personal care industries is expected to fuel the growth ... Read more
