1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.
The primary outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are used in surface coatings and glass fiber-reinforced resins. The second-largest consumer is functional fluids such as deicing and antifreeze. 1, 2-Propanediol is also used in plasticizers and hydraulic brake fluids. Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and ­tobacco industries. It is also an excellent solvent and extractant.
This report contains market size and forecasts of 1,2-Propanediol in global, including the following market information:
Global 1,2-Propanediol Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global 1,2-Propanediol Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five 1,2-Propanediol companies in 2021 (%)
The global 1,2-Propanediol market was valued at 4617.9 million in 2021 and is projected to reach US$ 5891.6 million by 2028, at a CAGR of 3.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Industrial Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of 1,2-Propanediol include DuPont, Lyondell Basell, Huntsman, INEOS, BASF, ADM, Sumitomo Chemical (Nihon Oxirane), SKC and Repsol, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the 1,2-Propanediol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global 1,2-Propanediol Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global 1,2-Propanediol Market Segment Percentages, by Type, 2021 (%)
Industrial Grade
Food Grade
Pharmaceutical Grade
Global 1,2-Propanediol Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global 1,2-Propanediol Market Segment Percentages, by Application, 2021 (%)
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
Others
Global 1,2-Propanediol Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global 1,2-Propanediol Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies 1,2-Propanediol revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies 1,2-Propanediol revenues share in global market, 2021 (%)
Key companies 1,2-Propanediol sales in global market, 2017-2022 (Estimated), (K MT)
Key companies 1,2-Propanediol sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
DuPont
Lyondell Basell
Huntsman
INEOS
BASF
ADM
Sumitomo Chemical (Nihon Oxirane)
SKC
Repsol
Asahi Kasei
Shell
Tongling Jintai Chemical
Shandong Shida Shenghua Chemical
CNOOC and Shell Petrochemicals
Hi-tech Spring Chemical
Daze Group
Shandong Depu Chemical