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Global Propylene Glycol Solvent Market Research Report 2024
Synopsis
Propylene glycol is a dihydric alcohol, a colorless, odorless, slightly viscous liquid with several excellent features as a solvent. Propylene glycol can be used as a solvent to make paint, cleansers, inks, fingernail polish and removers and household cleaning agents.
The global Propylene Glycol Solvent market was valued at US$ 1075.5 million in 2023 and is anticipated to reach US$ 1344.3 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
Propylene glycol solvent industry is concentrated relatively. Currently, there are several producing companies in the world propylene glycol solvent industry. The main market players are Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, etc. Dow is the largest manufacturer of propylene glycol solvent in 2019 based in USA, Germany, Australia, Brazil, Thailand, Saudi Arab. Global top 2 manufacturers hold a share nearly 50% in 2019.
Europe and North America are the main consumption regions. In 2019, these two regions occupied more than 61% of the global consumption volume.
Propylene glycol solvent mainly many applications, including industrial cleaning fluid, paint and ink, food processing, medical field, personal care, etc. Among those, industrial cleaning fluid is the largest application with 38% sales share in 2019.
This report aims to provide a comprehensive presentation of the global market for Propylene Glycol Solvent, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Glycol Solvent.
Report Scope
The Propylene Glycol Solvent market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Propylene Glycol Solvent market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Propylene Glycol Solvent manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Dow
Lyondell Basell
Indorama(Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem
Segment by Type
Industrial Grade Propylene Glycol Solvent
Food Grade Propylene Glycol Solvent
Pharmaceutical Grade Propylene Glycol Solvent
Segment by Application
Industrial Cleaning Fluid
Paint and Ink
Food Processing
Medical Field
Personal Care
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Propylene Glycol Solvent manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Propylene Glycol Solvent by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Propylene Glycol Solvent in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Propylene glycol is a dihydric alcohol, a colorless, odorless, slightly viscous liquid with several excellent features as a solvent. Propylene glycol can be used as a solvent to make paint, cleansers, inks, fingernail polish and removers and household cleaning agents.
The global Propylene Glycol Solvent market was valued at US$ 1075.5 million in 2023 and is anticipated to reach US$ 1344.3 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
Propylene glycol solvent industry is concentrated relatively. Currently, there are several producing companies in the world propylene glycol solvent industry. The main market players are Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, etc. Dow is the largest manufacturer of propylene glycol solvent in 2019 based in USA, Germany, Australia, Brazil, Thailand, Saudi Arab. Global top 2 manufacturers hold a share nearly 50% in 2019.
Europe and North America are the main consumption regions. In 2019, these two regions occupied more than 61% of the global consumption volume.
Propylene glycol solvent mainly many applications, including industrial cleaning fluid, paint and ink, food processing, medical field, personal care, etc. Among those, industrial cleaning fluid is the largest application with 38% sales share in 2019.
This report aims to provide a comprehensive presentation of the global market for Propylene Glycol Solvent, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Glycol Solvent.
Report Scope
The Propylene Glycol Solvent market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Propylene Glycol Solvent market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Propylene Glycol Solvent manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Dow
Lyondell Basell
Indorama(Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem
Segment by Type
Industrial Grade Propylene Glycol Solvent
Food Grade Propylene Glycol Solvent
Pharmaceutical Grade Propylene Glycol Solvent
Segment by Application
Industrial Cleaning Fluid
Paint and Ink
Food Processing
Medical Field
Personal Care
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Propylene Glycol Solvent manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Propylene Glycol Solvent by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Propylene Glycol Solvent in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Propylene Glycol Solvent Market Overview
1.1 Product Definition
1.2 Propylene Glycol Solvent Segment by Type
1.2.1 Global Propylene Glycol Solvent Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Industrial Grade Propylene Glycol Solvent
1.2.3 Food Grade Propylene Glycol Solvent
1.2.4 Pharmaceutical Grade Propylene Glycol Solvent
1.3 Propylene Glycol Solvent Segment by Application
1.3.1 Global Propylene Glycol Solvent Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Industrial Cleaning Fluid
1.3.3 Paint and Ink
1.3.4 Food Processing
1.3.5 Medical Field
1.3.6 Personal Care
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Propylene Glycol Solvent Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Propylene Glycol Solvent Production Estimates and Forecasts (2019-2030)
1.4.4 Global Propylene Glycol Solvent Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Propylene Glycol Solvent Production Market Share by Manufacturers (2019-2024)
2.2 Global Propylene Glycol Solvent Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Propylene Glycol Solvent, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Propylene Glycol Solvent Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Propylene Glycol Solvent Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Propylene Glycol Solvent, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Propylene Glycol Solvent, Product Offered and Application
2.8 Global Key Manufacturers of Propylene Glycol Solvent, Date of Enter into This Industry
2.9 Propylene Glycol Solvent Market Competitive Situation and Trends
2.9.1 Propylene Glycol Solvent Market Concentration Rate
2.9.2 Global 5 and 10 Largest Propylene Glycol Solvent Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Propylene Glycol Solvent Production by Region
3.1 Global Propylene Glycol Solvent Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Propylene Glycol Solvent Production Value by Region (2019-2030)
3.2.1 Global Propylene Glycol Solvent Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Propylene Glycol Solvent by Region (2025-2030)
3.3 Global Propylene Glycol Solvent Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Propylene Glycol Solvent Production by Region (2019-2030)
3.4.1 Global Propylene Glycol Solvent Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Propylene Glycol Solvent by Region (2025-2030)
3.5 Global Propylene Glycol Solvent Market Price Analysis by Region (2019-2024)
3.6 Global Propylene Glycol Solvent Production and Value, Year-over-Year Growth
3.6.1 North America Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Propylene Glycol Solvent Production Value Estimates and Forecasts (2019-2030)
4 Propylene Glycol Solvent Consumption by Region
4.1 Global Propylene Glycol Solvent Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Propylene Glycol Solvent Consumption by Region (2019-2030)
4.2.1 Global Propylene Glycol Solvent Consumption by Region (2019-2024)
4.2.2 Global Propylene Glycol Solvent Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Propylene Glycol Solvent Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Propylene Glycol Solvent Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Propylene Glycol Solvent Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Propylene Glycol Solvent Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Propylene Glycol Solvent Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Propylene Glycol Solvent Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Propylene Glycol Solvent Production by Type (2019-2030)
5.1.1 Global Propylene Glycol Solvent Production by Type (2019-2024)
5.1.2 Global Propylene Glycol Solvent Production by Type (2025-2030)
5.1.3 Global Propylene Glycol Solvent Production Market Share by Type (2019-2030)
5.2 Global Propylene Glycol Solvent Production Value by Type (2019-2030)
5.2.1 Global Propylene Glycol Solvent Production Value by Type (2019-2024)
5.2.2 Global Propylene Glycol Solvent Production Value by Type (2025-2030)
5.2.3 Global Propylene Glycol Solvent Production Value Market Share by Type (2019-2030)
5.3 Global Propylene Glycol Solvent Price by Type (2019-2030)
6 Segment by Application
6.1 Global Propylene Glycol Solvent Production by Application (2019-2030)
6.1.1 Global Propylene Glycol Solvent Production by Application (2019-2024)
6.1.2 Global Propylene Glycol Solvent Production by Application (2025-2030)
6.1.3 Global Propylene Glycol Solvent Production Market Share by Application (2019-2030)
6.2 Global Propylene Glycol Solvent Production Value by Application (2019-2030)
6.2.1 Global Propylene Glycol Solvent Production Value by Application (2019-2024)
6.2.2 Global Propylene Glycol Solvent Production Value by Application (2025-2030)
6.2.3 Global Propylene Glycol Solvent Production Value Market Share by Application (2019-2030)
6.3 Global Propylene Glycol Solvent Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Dow
7.1.1 Dow Propylene Glycol Solvent Corporation Information
7.1.2 Dow Propylene Glycol Solvent Product Portfolio
7.1.3 Dow Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Dow Main Business and Markets Served
7.1.5 Dow Recent Developments/Updates
7.2 Lyondell Basell
7.2.1 Lyondell Basell Propylene Glycol Solvent Corporation Information
7.2.2 Lyondell Basell Propylene Glycol Solvent Product Portfolio
7.2.3 Lyondell Basell Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Lyondell Basell Main Business and Markets Served
7.2.5 Lyondell Basell Recent Developments/Updates
7.3 Indorama(Huntsman)
7.3.1 Indorama(Huntsman) Propylene Glycol Solvent Corporation Information
7.3.2 Indorama(Huntsman) Propylene Glycol Solvent Product Portfolio
7.3.3 Indorama(Huntsman) Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Indorama(Huntsman) Main Business and Markets Served
7.3.5 Indorama(Huntsman) Recent Developments/Updates
7.4 ADM
7.4.1 ADM Propylene Glycol Solvent Corporation Information
7.4.2 ADM Propylene Glycol Solvent Product Portfolio
7.4.3 ADM Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ADM Main Business and Markets Served
7.4.5 ADM Recent Developments/Updates
7.5 INEOS
7.5.1 INEOS Propylene Glycol Solvent Corporation Information
7.5.2 INEOS Propylene Glycol Solvent Product Portfolio
7.5.3 INEOS Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.5.4 INEOS Main Business and Markets Served
7.5.5 INEOS Recent Developments/Updates
7.6 BASF
7.6.1 BASF Propylene Glycol Solvent Corporation Information
7.6.2 BASF Propylene Glycol Solvent Product Portfolio
7.6.3 BASF Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.6.4 BASF Main Business and Markets Served
7.6.5 BASF Recent Developments/Updates
7.7 Repsol
7.7.1 Repsol Propylene Glycol Solvent Corporation Information
7.7.2 Repsol Propylene Glycol Solvent Product Portfolio
7.7.3 Repsol Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Repsol Main Business and Markets Served
7.7.5 Repsol Recent Developments/Updates
7.8 SKC
7.8.1 SKC Propylene Glycol Solvent Corporation Information
7.8.2 SKC Propylene Glycol Solvent Product Portfolio
7.8.3 SKC Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.8.4 SKC Main Business and Markets Served
7.7.5 SKC Recent Developments/Updates
7.9 Shell
7.9.1 Shell Propylene Glycol Solvent Corporation Information
7.9.2 Shell Propylene Glycol Solvent Product Portfolio
7.9.3 Shell Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shell Main Business and Markets Served
7.9.5 Shell Recent Developments/Updates
7.10 Shandong Shida Shenghua
7.10.1 Shandong Shida Shenghua Propylene Glycol Solvent Corporation Information
7.10.2 Shandong Shida Shenghua Propylene Glycol Solvent Product Portfolio
7.10.3 Shandong Shida Shenghua Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Shandong Shida Shenghua Main Business and Markets Served
7.10.5 Shandong Shida Shenghua Recent Developments/Updates
7.11 CNOOC & Shell Petrochem
7.11.1 CNOOC & Shell Petrochem Propylene Glycol Solvent Corporation Information
7.11.2 CNOOC & Shell Petrochem Propylene Glycol Solvent Product Portfolio
7.11.3 CNOOC & Shell Petrochem Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.11.4 CNOOC & Shell Petrochem Main Business and Markets Served
7.11.5 CNOOC & Shell Petrochem Recent Developments/Updates
7.12 Hi-tech Spring Chem
7.12.1 Hi-tech Spring Chem Propylene Glycol Solvent Corporation Information
7.12.2 Hi-tech Spring Chem Propylene Glycol Solvent Product Portfolio
7.12.3 Hi-tech Spring Chem Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Hi-tech Spring Chem Main Business and Markets Served
7.12.5 Hi-tech Spring Chem Recent Developments/Updates
7.13 Daze Group
7.13.1 Daze Group Propylene Glycol Solvent Corporation Information
7.13.2 Daze Group Propylene Glycol Solvent Product Portfolio
7.13.3 Daze Group Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Daze Group Main Business and Markets Served
7.13.5 Daze Group Recent Developments/Updates
7.14 Shandong Depu Chem
7.14.1 Shandong Depu Chem Propylene Glycol Solvent Corporation Information
7.14.2 Shandong Depu Chem Propylene Glycol Solvent Product Portfolio
7.14.3 Shandong Depu Chem Propylene Glycol Solvent Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Shandong Depu Chem Main Business and Markets Served
7.14.5 Shandong Depu Chem Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Propylene Glycol Solvent Industry Chain Analysis
8.2 Propylene Glycol Solvent Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Propylene Glycol Solvent Production Mode & Process
8.4 Propylene Glycol Solvent Sales and Marketing
8.4.1 Propylene Glycol Solvent Sales Channels
8.4.2 Propylene Glycol Solvent Distributors
8.5 Propylene Glycol Solvent Customers
9 Propylene Glycol Solvent Market Dynamics
9.1 Propylene Glycol Solvent Industry Trends
9.2 Propylene Glycol Solvent Market Drivers
9.3 Propylene Glycol Solvent Market Challenges
9.4 Propylene Glycol Solvent Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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