Propylene Glycol Market Intelligence

Propylene Glycol Market Description

The global Propylene Glycol (PG) market is expected to exceed $4.5 billion by 2022. Bio-based PG is expected to grow faster than conventional Propylene Oxide (PO) based PG. This is primarily due to its high usage in pharma industries in the North American and European markets that helps ensure a lower level of toxicity to the environment. Key applications driving the PG growth are heat transfer fluids, fragrance, cosmetics, and personal care sectors. Currently, the U.S. has 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.

The report includes a detailed analysis of the supply-demand trends, trade dynamics and regional market overview of the top propylene glycol manufacturers in North America, Europe, and APAC regions. The report also elaborates on Porter’s Five Forces Analysis for these countries. The cost structure analysis shows that raw material is the major propylene glycol price driver and hence, Europe and the U.S. have greater control over its pricing, due to their self-sufficiency in PG production. The report provides a comprehensive profile analysis of global Propylene Glycol distributors along with their SWOT analysis. It also covers industry best practices for PG with the contract pricing structure and engagement model.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

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

Propylene Glycol Market Trend, Analysis & Forecast

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

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1.Propylene Glycol Executive Summary

1.1 Category Updates
1.2 Global Market Outlook
1.3 Supply Market Outlook
1.4 Demand Market Outlook
1.5 Industry Best Practice

2.Propylene Glycol Market Analysis

2.1 Global Market Size
2.2 Global Capacity–Demand Analysis
2.3 Global Demand by Application
2.4 Global Market Outlook
2.5 Global Trade Dynamics
– Global Imports
– Global Exports
2.6 Regional Market Outlook (North America, Europe, APAC)
– Supply–Demand Trends and Outlook
– Trade Dynamics

3.Propylene Glycol Industry Analysis

3.1 Industry Outlook (North America, Europe, APAC)
– Drivers and Constraints for the Industry
– Market Events and Innovations
– Porter’s Five Forces Analysis

4.Propylene Glycol Cost and Pricing Analysis

4.1 Cost and Price Analysis (North America, Europe, APAC)
– Cost Structure Analysis
– Cost Drivers

5.Propylene Glycol Supplier Analysis

5.1 Key Global and Regional Suppliers
5.2 Key Supplier’s Capability Analysis
– Capacity –Available Capacity
– Product Portfolio
– Expansions
– Geographical Footprint
5.3 Supplier Market Share: Global
5.4 Detailed Profiling of Top Five Global Suppliers
– SWOT Analysis for the Top Five Global Suppliers

6.Propylene Glycol Industry Best Practices

6.1 Contract Pricing Structures
6.2 Engagement Models

Global Market Outlook on Propylene Glycol

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

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

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

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