Food and Pharmaceutical Grade Propylene Glycol Market
Food and Pharmaceutical Grade Propylene Glycol
Market Scope: Industry Analysis, Market Size,
Growth, Trends Till 2031
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Food and Pharmaceutical Grade Propylene Glycol
Market Size and Growth
The Food and Pharmaceutical Grade Propylene Glycol market is witnessing robust growth, driven by increasing demand in food additives and pharmaceutical applications. The market size is projected to reach approximately $1.4 billion by 2025, fueled by rising consumer awareness and regulatory support, alongside expanding applications across various sectors.
Companies Covered
(Covid 19 Impact Covered)
◍ Dow
◍ Lyondell Basell
◍ Indorama(Huntsman)
◍ ADM
◍ INEOS
◍ BASF
◍ Repsol
◍ SKC
◍ Shell
◍ CNOOC and Shell Petrochemicals
◍ Haike Xinyuan
The Food and Pharmaceutical Grade Propylene Glycol Market features key players like Dow, Lyondell Basell, and BASF. These companies leverage propylene glycol in diverse applications, enhancing food safety and drug formulation. Their innovations and strategic partnerships drive market growth. Notable sales revenues include Dow: $55 billion, BASF: $78 billion.
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Market Segmentation
By Application
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
Other
By Product
Hydration
Transesterification
Biosynthesis
Market Growth
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$ X Billion USD
