Sarasota, FL -- (SBWIRE) -- 04/05/2019 -- Zion Market Research has published a new report titled "Propylene Glycol Market by Grade (Industrial Grade and Pharmaceutical Grade) and by End-Use Industry (Cosmetics & Personal Care, Food & Beverage, Pharmaceutical, Automotive, Building & Construction, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global propylene glycol market was valued at USD 3.91 billion in 2018 and is expected to reach USD 5.8 billion by 2025, at a CAGR of 5.8% between 2019 and 2025.

Propylene glycol is a chemical compound that is used in several applications due to its high boiling point, low toxicity, and antifreeze nature. Propylene glycol is a mixture of propylene oxide and water. Generally, it is viscous, odorless, and colorless and is highly soluble in various liquids, such as acetone, chloroform, and water. Propylene glycol finds its applications across different industries, such as automotive, food and beverages, construction, pharmaceutical, etc. Usually, there are two grades of propylene glycol on the basis of their applications—industrial and pharmaceutical.

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The flourishing automotive and food and beverage industries are likely to drive the propylene glycol market globally in the future. The increasing use of propylene glycol in processed food and drinks globally is expected to further boost the propylene glycol market over the estimated timeframe. Due to propylene glycol's unique properties, it is widely used in several applications, such as automotive, personal care products, food products, etc. However, the fluctuating raw material prices and high investment needed for R&D may hamper this market over the estimated timeframe. Alternatively, the growing demand for bio-based propylene glycol is projected to provide new opportunities in the propylene glycol market in the upcoming years.

The global propylene glycol market is segmented based on grade and end-use industry. The grade segment of the propylene glycol market comprises industrial grade and pharmaceutical grade. The industrial grade segment dominated the propylene glycol market and held the largest market share in 2018, owing to the increased product usage in the chemical, automotive, aerospace, and construction industries. Moreover, the pharmaceutical grade is predicted to grow rapidly in the upcoming years, owing to its extensive use in the food and beverage industry, cosmetics, and personal care products.

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By end-user industry, the global propylene glycol market is divided into cosmetics and personal care, food and beverage, pharmaceutical, automotive, building and construction, and others. The pharmaceutical and automotive industries are projected to grow rapidly rate in the upcoming years, owing to the rising application of propylene glycol in these industries. The building and construction sector is estimated to grow significantly in the future, owing to the increasing construction activities in developing countries, such as China, India, Brazil, and Indonesia.

By region, Asia Pacific dominated the propylene glycol market in 2018 and is expected to register the highest CAGR in the future. This can be attributed to the flourishing end-user industries across the region. North America is projected to be the second leading regional propylene glycol market in the future, due to the thriving pharmaceutical and food and beverage industries. Moreover, the growing automotive industry in Europe and Latin America is projected to fuel the propylene glycol market in these regions the estimated time span.

Some key players of the global propylene glycol market are The Dow Chemical Company, BASF SE, Archer Daniels Midland Company, LyondellBasell Industries N.V., DuPont Tate & Lyle Bio Products Company, LLC, Global Bio-chem Technology Group Co., Ltd., Huntsman Corporation, SKC Co., Ltd., Temix International S.R.L., and Ineos Oxide, among others.

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The report segments the global propylene glycol market into:

Global Propylene Glycol Market: Grade Analysis

Industrial Grade
Pharmaceutical Grade
Global Propylene Glycol Market: End-Use Industry Analysis

Cosmetics and Personal Care
Food and Beverage
Pharmaceutical
Automotive
Building and Construction
Others

Global Propylene Glycol Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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