DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4v2kdl/propylene_glycol) has announced the addition of the "Propylene Glycol Market by Source, Application - Global Trends & Forecasts to 2019" report to their offering.
The propylene glycol market is expected to generate a global market value of $4.1 billion by 2019
Europe is the biggest market of propylene glycol, consuming a major share of -29% of market in terms of value in 2013. There is tremendous scope in the Asia-Pacific market due to the escalation of China's economy and rapid industrialization in the region. Currently, the penetration of propylene glycol is increasing in pharmaceuticals & cosmetics application resulting in the market size in terms of value projected to grow at the high CAGR of 6.1% between 2014 and 2019. The increased domestic production of bio-based propylene glycol is further adding to the rising demand of propylene glycol in pharmaceuticals & cosmetics application in Asia-pacific region.
The increasing cost of the conventional feedstock and regulations on conventional chemicals are acting as major barriers for the growth of propylene glycol market. However, the negative environmental impact of the conventional propylene glycol is anticipated to drive the demand for bio-based propylene glycol globally. Expansion (facility and capacity) and partnership & collaboration are identified as key strategies which are helping the major players to further expand their reach in the global propylene glycol market
This study on the propylene glycol market estimates its global demand and market value for 2014 and projects the expected demand and market value of the same by 2019. As a part of the quantitative analysis, the study segments the global market by source and applications at country level with current market estimation and forecast till 2019. The countries covered in the report are U.S., Canada, China, Japan, Germany, Italy, Spain, France, Brazil, and other 20 countries. The segmentation by source includes petroleum-based and bio-based while on the basis of its applications; the segmentation includes unsaturated polyester resin, pharmaceuticals & cosmetics, antifreeze & functional fluids, liquid detergents, plasticizers, and others.
The key participants in the global propylene glycol market include Archer Daniels Midland Co. (U.S.), BASF SE (Germany), Dow Chemical Co. (U.S.), DuPont Tate & Lyle Bio Products LLC (U.S.), Global Bio-chem Technology Group Co. Ltd. (Hong Kong), Huntsman Corporation (U.S.), LyondellBasell Industries N.V. (The Netherlands), SKC Co. Ltd. (South Korea), and Temix International S.R.L. (Italy). This report follows both, top-down and bottom-up approaches to estimate and forecast the global propylene glycol market size by volume and value.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Propylene Glycol Market, By Source
8 Propylene Glycol Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/4v2kdl/propylene_glycol