1,2-Propylene Glycol Market
1,2-Propylene Glycol Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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1,2-Propylene Glycol Market Size and Growth
The 1,2-Propylene Glycol market is poised for significant growth, driven by increasing demand in the food, pharmaceuticals, and cosmetics sectors. The global market size is projected to reach approximately USD 5 billion by 2026, reflecting a compound annual growth rate (CAGR) of around 4% amidst evolving regulatory standards and sustainability trends. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Dow
◍ Lyondell Basell
◍ Huntsman
◍ ADM
◍ INEOS
◍ BASF
◍ Repsol
◍ Sumitomo Chem
◍ Asahi Kasei
◍ SKC
◍ Shell
◍ Shandong Shida Shenghua
◍ CNOOC & Shell Petrochem
◍ Hi-tech Spring Chem
◍ Daze Group
◍ Shandong Depu Chem
The 1,2-Propylene Glycol market features key players like Dow, Lyondell Basell, and BASF, focusing on diverse applications such as food, pharmaceuticals, and cosmetics. These companies enhance market growth through innovation and production efficiency. Sales revenues include:
- Dow: ~$50 billion
- BASF: ~$80 billion
- ADM: ~$20 billion Request Sample Report
Market Segmentation
By Application
◍ Unsaturated Polyester Resins (UPR)
◍ Functional Fluids
◍ Cosmetics, Pharmaceutics and Food
◍ Liquid Detergents
By Product
◍ Industrial Grade 1,2-Propylene Glycol
◍ Food Grade 1,2-Propylene Glycol
◍ Pharmaceutical Grade 1,2Propylene Glycol
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Market Growth
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$ X Billion USD
