Propylene Glycol Market Intelligence

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A comprehensive Propylene Glycol Market Report that answers these questions

A comprehensive Propylene Glycol Market Report that answers these questions

What are the key trends in Propylene Glycol category?
Am I paying the right price?
Am I working with the right supplier?

What are the major challenges and risks in Propylene Glycol industry?
How is Propylene Glycol industry performing?

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Propylene Glycol Category Intelligence

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

Production Size

CAGR

4.4 Percent

Production Size North America

0.9 MMT

Production Size Europe

0.8 MMT

Production Size Asia Pacific (APAC)

1.2 MMT

Propylene Glycol Market Trends

Category Intelligence on Propylene Glycol covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of contents

Propylene Glycol Executive Summary
Category Updates
Global Market Outlook
Supply Market Outlook
Demand Market Outlook
Industry Best Practice

Propylene Glycol Market Analysis
Global Market Size
Global Capacity Demand Analysis
Global Demand by Application
Global Market Outlook
Global Trade Dynamics
Global Imports
Global Exports
Regional Market Outlook (North America, Europe, APAC)
Supply Demand Trends and Outlook
Trade Dynamics

Propylene Glycol Industry Analysis
Industry Outlook (North America, Europe, APAC)
Drivers and Constraints for the Industry
Market Events and Innovations
Porterâ€™s Five Forces Analysis

Propylene Glycol Cost and Pricing Analysis
Cost and Price Analysis (North America, Europe, APAC)
Cost Structure Analysis
Cost Drivers

Propylene Glycol Supplier Analysis
Key Global and Regional Suppliers
Key Supplierâ€™s Capability Analysis
Capacity Available Capacity
Product Portfolio
Expansions
Geographical Footprint
Supplier Market Share: Global
Detailed Profiling of Top Five Global Suppliers
SWOT Analysis for the Top Five Global Suppliers

Propylene Glycol Industry Best Practices
Contract Pricing Structures
Engagement Models

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Industry Outlook

Propylene Glycol Global Outlook

The global market is estimated to grow at a CAGR of 4.4 percent during 2017–2022, with the demand likely to reach 3 MMT by the end of 2022
Demand for UPR (which goes into construction, transportation, marine industries as a reinforced plastic and fiberglass composites) is expected to grow at a CAGR of 5–6 percent from 2016 to 2021
North America holds 28 percent of the supply market share, EU 27 percent, and at APAC 40 percent.
USA is the largest market propylene glycol supplier in the market with a net export surplus of 51 KMT/year as of 2016.
Raw material is the largest driver of propylene glycol cost.
The propylene glycol price index depends on its primary feedstock, propylene and glycerine prices.

price-forecast-propylene-glycol

Demand Market Outlook

Globally, high demand for bio-based PG is noticed from the pharma and CPG industries
The capacity share of bio-based PG will increase from approx. 6 percent (currently) to 15 percent
PG growth rates in Europe will be lower (CAGR a of 3 – 4 percent) compared to other regions during 2017 – 2022, due to mature downstream markets

Industry Best Practices

Large-volume buyers usually prefer buying via contract across all the three major regions
Among small-volume buyers, CPG players opt for contracts, due to the need for high-quality pharma grade MPG, while non-CPG small-volume buyers can buy in the spot market
Regional sourcing is preferred in Europe, owing to REACH regulation on PG, while both global and regional sourcing are followed in North America and Europe

Global Market Size

The global PG market is expected to exceed $4.5 billion by 2022
Bio-based PG is expected to grow faster than conventional PO-based PG, as a result of its high usage in pharma industries in the North American and European markets to ensure lower level of toxicity to the environment
Key applications driving the PG growth are heat transfer fluids, fragrance, cosmetics and personal care sectors

Global Capacity–Demand Analysis

Capacity–demand gap is expected to narrow down by 2020, if no further new plants or capacity expansions take place, resulting in supply issues
Increase in buying interest for bio-based PG, globally, will help in mitigating volatility in PG prices, which is greatly influenced by upstream energy prices

Propylene Glycol Market Outlook

Currently, the US is the largest market for PG, followed by China and Germany
Asia represents almost 43 percent of the global PG consumption, with China being the major consumer
Global capacity–demand gap is expected to narrow down by 2020, if no further new plants or capacity expansions take place, resulting in supply issues
Globally, about 6 percent of PG is produced through biofuel route, made of glycerine (soybean or canola seeds in the US) or sorbitol (corn, based in China)
Bio-based PG production would result in capacity expansions across China, France, and the US

Propylene Glycol Market Overview

Europe and the US are considered to be relatively mature in the bio-based propylene glycol market
Key regions that will drive the future market of propylene glycol would be China, followed by the US and Germany
The Asian region with high downstream demand from the construction, automotive, and homecare industries is expected to be the major driver of PG up to 2022
European downstream markets are more mature as compared to the Asian region and will not witness high-demand growth rates.
The strict environmental regulations in Europe are a constraint for the propylene glycol market.
Global Bio-Chem (China) had commercialized this process, using corn as a feedstock to produce corn-based biochemical products. However; they had temporarily stopped their production in 2016 & 2017 due to lesser profitability amidst lower crude oil prices.

Why You Should Buy This Report

This report offers an in-depth coverage of trade dynamics, supply-demand trends and major industry events in global and regional markets.
The report gives details on the recent innovations in the propylene glycol industry like advancement in bio-based PG that is likely to result in capacity addition in the coming years, due to its high growth rate.
It gives a breakdown of the cost structure analysis and factors affecting the propylene glycol market price.
The report gives an exhaustive supplier profile and a SWOT analysis on key suppliers like BASF, Shell and Ineos Oxide.

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