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Propylene Glycol
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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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

5-6 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

  1. Propylene Glycol Executive Summary
  2. Category Updates
  3. Global Market Outlook
  4. Supply Market Outlook
  5. Demand Market Outlook
  6. Industry Best Practice
  1. Propylene Glycol Market Analysis
  2. Global Market Size
  3. Global Capacity Demand Analysis
  4. Global Demand by Application
  5. Global Market Outlook
  6. Global Trade Dynamics
  7. Global Imports
  8. Global Exports
  9. Regional Market Outlook (North America, Europe, APAC)
  10. Supply Demand Trends and Outlook
  11. Trade Dynamics
  1. Propylene Glycol Industry Analysis
  2. Industry Outlook (North America, Europe, APAC)
  3. Drivers and Constraints for the Industry
  4. Market Events and Innovations
  5. Porter's Five Forces Analysis
  1. Propylene Glycol Cost and Pricing Analysis
  2. Cost and Price Analysis (North America, Europe, APAC)
  3. Cost Structure Analysis

 

  1. Covid-19 Impact
  2. Covid-19 Impact - Sourcing Location Watch
  3. Purchasing Process: RFP/RFI Questionnaire
  4. Multiple Supplier Sourcing-Supply Risk Mitigation

 

  1. Industry Best Practices
  2. Contract Pricing Structures
  3. Engagement Models
  4. Multiple Supplier Sourcing-Supply Risk Mitigation

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Industry Outlook

Propylene Glycol Global Outlook

Propylene Glycol (PG) is one of the Chemicals classified as diols. They are used mainly to produce polymers like unsaturated polyester resins. It is also known as 1,2-dihydroxy propane, 1,2-propanediol, methyl glycol, Mono Propylene Glycol (MPG), and trimethyl glycol. Glycol Solvents are used as a deicing solvent or an anti-freezing solvent. Dipropylene Glycol (DPG) and TriPropylene Glycol (TPG) are byproducts of PG. These functional fluids are used in food, drug & cosmetics, liquid detergent, and paints & coating. 

  • The global market is estimated to grow at a CAGR of 2.4 percent during 2019–2024, with the demand likely to reach 2.7 MMT by the end of 2024
  • 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% from 2016 to 2021

propylene glycol market

 

Industry Best Practices

  • Large-volume buyers usually prefer buying via contract across all 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 the $4.5 billion mark 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 levels 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 was expected to narrow down by 2020 if no further new plants or capacity expansions take place, resulting in supply issues.
  • An 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.

Global Propylene Glycol Market: Drivers and Constraints

Drivers

  • Anti-icing and deicing liquids play a vital role in offering safe, smooth and timely air travel during unfavorable winter conditions. The Federal Aviation Administration (FAA)  “Clean Aircraft Concept” restrains aircraft takeoffs with ice impurities on the critical surfaces of an airplane. 
  • The substitution of ethylene glycol with propylene glycol as the base liquid for airplane deicing fluid is setting high hopes for market players. 
  • Further, the aggregate total of space exploration agendas coupled with the demand for top-quality coolant and antifreeze is likely to trigger the need for bio-based PG.
  • Given the flourishing trend of convenience packaged food and beverages for better shelf life, the usage of PG as a food additive is influencing end-users to divert a considerable portion of their revenue from the F&B sector into their own returns pocket.
  • Unsaturated polyester resins sourced from PG are reinforced with fiberglass to form fiberglass reinforced plastics (FRP), which find immense use in manufacturing bathroom components, building panels, electrical components, and pipes in the building and construction industry.

Constraints

Health issues associated with propylene glycol are the key challenge before the players in the propylene glycol market. However, the Food and Drug Administration (FDA) categorizes propylene glycol under additives that are generally considered safe for consumption in food. In addition, the WHO has recommended a maximum regular intake of 25 mg/Kg propylene glycol as a food additive.

 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.
  • Globally, about 6 percent of PG is produced through the 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 propylene glycol market, with high downstream demand from the construction, automotive, and home care industries, is expected to be the major driver of PG up to 2022.
  • European downstream markets are more mature compared to Asia 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 in-depth coverage of propylene oxide prices, propylene glycol prices, trade dynamics, supply-demand trends, and major industry events in global and regional markets.
  • The report details the recent innovations in the propylene glycol industry, such as advancements in bio-based PG that are likely to result in capacity addition in the coming years, given its high growth rate. 
  • It offers a breakdown of the cost structure analysis and factors affecting the propylene glycol as well as propylene oxide market.
  • Further, the report provides an exhaustive supplier profile and a SWOT analysis on key suppliers such as BASF, Shell, and Ineos Oxide. 

Propylene Glycol Market Frequently Asked Questions

  1. What is the expected market growth for the propylene glycol market?
  2. The global propylene glycol market is estimated to grow at a CAGR of 4.4 percent until 2022, with the demand likely to reach 3 MMT by the end of 2022. The demand for unsaturated polyester resins or UPR which are used in construction, transportation, and marine industries is projected to grow at a CAGR of 5-6 percent until 2021 as per Beroe’s propylene glycol market report.

 

  1. How is the market share of propylene glycol distributed across the global market?
  2. North America holds 28 percent of the supply market share, the EU holds 27 percent, and the APAC region holds 40 percent.

 

  1. Who are the major suppliers of propylene glycol in the global market?
  2. The major suppliers of propylene glycol are Dow Chemicals, LyondellBasell, Ineos Oxide, Shell, and BASF.

 

  1. What is the global market outlook for propylene glycol?
  2. The global propylene glycol market size is expected to exceed $4.5 billion by 2022. Due to the high usage of bio-based PG in pharma industries in the North American and European markets, their growth is faster than conventional PO-based PG. Besides, bio-based PG also ensures a lower level of toxicity to the environment.

 

  1. What are the key applications of propylene glycol responsible for driving the growth of the market?
  2. The key applications driving the PG growth are heat transfer fluids, fragrance, cosmetics, and personal care sectors.

 

Propylene Glycol

Top Suppliers

  • Dow Chemicals
  • LyondellBasell
  • Shell
  • Ineos Oxide

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