According to ChemAnalyst report, “Polypropylene Glycol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Polypropylene Glycol market witnessed a demand of around 1.64 million in 2020 and anticipated to grow at a significant rate with a healthy CAGR of 5.25% until 2030 attributed to the wide range applications of Polypropylene Glycol and its derivatives in various end use industries such as Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, Building & Construction and Automotive, and Others.
Polypropylene Glycol is a polymer of Propylene Glycol also known as Polypropylene Oxide. Polypropylene is polyether and produced by adding propylene oxide to 1,2 Propylene Glycol at extreme temperature as well as under pressure ranging from 2000-6000 hPa in the presence of alkaline catalyst. It is an odorless and colorless liquid with medium viscosity, low volatility and toxicity. PPG is hygroscopic in nature that is soluble water along with other solvents such as chloroform and acetone. With increasing molecular mass its solubility in water decreases rapidly and viscosity increases. Depending upon their molecular weight Polypropylene Glycol is segmented into different grades such as Grade PPG-1000, PPG- 2000, PPG-3000, PPG-4000 and PPG-6000 and its applications varies with the molecular weight.
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Versatile properties of Polypropylene Glycol include low density, chemical resistance, high moldability and tensile strength, low moisture absorption, excellent lubricity, high melting point, lightweight, can be dyed easily and low cost. Owing to these properties it finds several applications in the aforementioned end use industries as additives, chemical intermediates, solvents, wetting agents, dispersants, surfactants, lubricants, adhesives, humectants, antifoaming agents, antifreeze agents, hydraulic fluids, low heat transfer fluids etc. Additionally, Polypropylene are widely used in the production of polyurethanes which are further employed as foams, coatings, adhesives, composite wood panels, rollers and tyres etc. It also acts as cosolvent in the water-based paints and intermediate in the production of varnishes, latex paints, and alkyd resins. Moreover, its use in automotive industry in the production of engine coolants, heat transfer fluids, fire resistant brake, hydraulic fluids along with its utilization as a raw material in the manufacturing of aircraft deicing fluids is likely to boost its market in the upcoming years.
Apart from these applications Polypropylene Glycol is prominently used in cosmetics as a humectant in cosmetic products to increase the moisture retention in skin and hair. It’s this property of retaining moisture is also employed in Pharmaceuticals and Food industry. It is also used in pulp and paper processing as well as in theatrical productions and fire-fighting training to create artificial smoke or fog. In textile industry, PPGs are used as flexible fibers for making carpet backings, backings and tapes. In food and Beverage industry it is used to enhance the flavors and aroma of food products. Being the derivative of Petrochemical, the price of Polypropylene Glycol fluctuates with the fluctuation in the prices of Petrochemicals. Moreover, major manufacturers are now focusing to produce biobased PPG that is likely to help in reducing carbon footprint as well as lead to sustainability in its prices.
In first half of 2020, the unprecedented spread of COVID-19 across the global caused nationwide lockdowns and disruption in demand and supply chain which directly impacted several industries. During the pandemic a decline in the demand of Polypropylene Glycol was observed due to slowdown in the manufacturing and sale of various end use industries. Moreover, the slum in the Automotive and Construction sector also affected the market for PPG amid the crisis. However, there was a surge in the demand for PPG owing to its application as a disinfectant for the production of sanitizers as well as liquid cleaners due to rising hygiene concerns amid pandemics. Additionally, after the exemption of trade restriction and resumption in industrial operations in the second half of 2020, Polypropylene Glycol demand was recovered promptly due to high demand from end use industries and is expected to surge the demand for Polypropylene Glycol in the forthcoming years.
Region wise, Asia Pacific accounts for the major share of the market for Polypropylene Glycol and is expected to boost over 2030 owing to various factors urbanization, large consumer base and the flourishing industries such as Automotive, Food and Beverage, Building and Construction, and Pharmaceuticals in the region. Additionally, China is the giant manufacturer of products involving Polypropylene Glycol such as resins, plasticizers, chemicals, automotive parts, inks, paints, personal care products etc. subsequently driving the market for Polypropylene Glycol in the APAC region.
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Major players for Polypropylene Glycol globally include Mitsui Chemical, The Dow chemical Company, Kumho Petrochemical Ltd., DuPont Inc., BASF SE, Dow, AGC Inc., Ineos Group Ltd., Shell Plc., Covestro AG, Huntsman Corporation, LyondellBasell Industries N.V., Sanyo Chemical, Archer Daniels Midland Company, Jiangsu Haian Petrochemical, SKC Co., Ltd , Zhejiang Huangma, Zibo Yunchuan Chemical, Sungda Chemical and Others.
“Polypropylene Glycol and its derivative such as PEG, alkyd resins, Plasticizers, etc. have wide range applications in numerous industries. Higher molecular weight PPGs are utilized in Cosmetics hence, the growth in skin care and cosmetics sector is likely to drive its market in the forthcoming years. Further, rapidly growing Construction and Automotive industry is anticipated to boost the demand for Polypropylene Glycol in the upcoming years as it is employed to make latex paints, emulsions, coatings, varnishes, lubricants, adhesives, coolants, hydraulic fluids, polyurethanes etc. that are extensively use in construction and automotive sectors. Additionally, its use in food and beverage industry along with pharmaceuticals as a humectant and solvents are likely to propel its demand in the upcoming years. Due to rising environmental concerns, giant manufacturers are focusing to shift from petrochemical based Polypropylene Glycol to biobased Polypropylene Glycol that would offer potential opportunities for the expansion of Polypropylene Glycol market size in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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Polypropylene Glycol or polypropylene oxide is the polymer of propylene glycol.
The term "oxide" is used for high molar mass polymer when end-groups no longer affect polymer properties.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/98921/global-polypropylene-glycol-2021-2027-628 KKPC, Mitsui Chemical, BASF, Dow, Huntsman and Shell are the top 6 players of Polypropylene Glycol, with about 48% market shares.
The key consumption markets locate at developed countries.
Japan takes the market share of 30%, followed by Europe with 26%.Market Analysis and Insights: Global Polypropylene Glycol MarketIn 2020, the global Polypropylene Glycol market size was US$ 371.3 million and it is expected to reach US$ 266.6 million by the end of 2027, with a CAGR of -4.5% during 2021-2027.Global Polypropylene Glycol Scope and Market SizePolypropylene Glycol market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Segment by Type, the Polypropylene Glycol market is segmented intoPolypropylene Glycol 230Polypropylene Glycol 400Polypropylene Glycol 2000Segment by Application, the Polypropylene Glycol market is segmented intoIntermediateSolventSkin Care and CosmeticsOthersRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Polypropylene Glycol Market Share AnalysisPolypropylene Glycol market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Polypropylene Glycol updated version Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Polypropylene Glycol updated version industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Polypropylene Glycol updated version manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Polypropylene Glycol updated version market covering all important parameters.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of Polypropylene Glycol updated version Market Report The key ponits of the report:1.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.2.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.3.Through the statistical analysis, the report depicts the global and Chinese total market of Polypropylene Glycol updated version industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.5.The report then estimates 2019-2024 market development trends of Polypropylene Glycol updated version industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.6.The report makes some important proposals for a new project of Polypropylene Glycol updated version Industry before evaluating its feasibility.
There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.
The information for each competitor includes:* Company Profile* Main Business Information* SWOT Analysis* Sales, Revenue, Price and Gross Margin* Market Share For product type segment, this report listed main product type of Polypropylene Glycol updated version market in gloabal and china.
Global Polypropylene Glycol market witnessed a demand of around 1.64 million in 2020 and anticipated to grow at a significant rate with a healthy CAGR of 5.25% until 2030 attributed to the wide range applications of Polypropylene Glycol and its derivatives in various end use industries such as Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, Building & Construction and Automotive, and Others.Read Full Report Here: https://www.chemanalyst.com/industry-report/polypropylene-glycol-ppg-market-629Polypropylene Glycol is a polymer of Propylene Glycol also known as Polypropylene Oxide.
Depending upon their molecular weight Polypropylene Glycol is segmented into different grades such as Grade PPG-1000, PPG- 2000, PPG-3000, PPG-4000 and PPG-6000 and its applications varies with the molecular weight.Read Free Sample Report Online: https://www.chemanalyst.com/ChemAnalyst/RequestFormVersatile properties of Polypropylene Glycol include low density, chemical resistance, high moldability and tensile strength, low moisture absorption, excellent lubricity, high melting point, lightweight, can be dyed easily and low cost.
Owing to these properties it finds several applications in the aforementioned end use industries as additives, chemical intermediates, solvents, wetting agents, dispersants, surfactants, lubricants, adhesives, humectants, antifoaming agents, antifreeze agents, hydraulic fluids, low heat transfer fluids etc.
Moreover, its use in automotive industry in the production of engine coolants, heat transfer fluids, fire resistant brake, hydraulic fluids along with its utilization as a raw material in the manufacturing of aircraft deicing fluids is likely to boost its market in the upcoming years.Apart from these applications Polypropylene Glycol is prominently used in cosmetics as a humectant in cosmetic products to increase the moisture retention in skin and hair.
Moreover, major manufacturers are now focusing to produce biobased PPG that is likely to help in reducing carbon footprint as well as lead to sustainability in its prices.In first half of 2020, the unprecedented spread of COVID-19 across the global caused nationwide lockdowns and disruption in demand and supply chain which directly impacted several industries.
Moreover, the slum in the Automotive and Construction sector also affected the market for PPG amid the crisis.
This “Polypropylene Glycol Market” report provides in-depth insights on demand forecasts, market trends and micro and macro indicators.
Additionally, this report provides insights on the factors that are driving and restraining the demand of Polypropylene Glycol market.
Furthermore, the study highlights and predicts the current market trends.
We have also highlighted the future trends in the Polypropylene Glycol market that will impact the demand during the forecast period.
Furthermore, competitive analysis of Polypropylene Glycol market brings insights about the product profiles of the leading players.
Additionally, the analysis highlights the features and prices, informative reviews of the key products in the market.Get a Sample Copy of the Report at -https://www.industryresearch.co/enquiry/request-sample/13870437Top manufacturers/players: KKPCMitsui ChemicalBASFDowShellHuntsmanCovestroIneosSanyo ChemicalJiangsu Haian PetrochemicalZhejiang HuangmaZibo Yunchuan ChemicalSungda ChemicalPolypropylene Glycol Market Segment by Regions-USAEUJapanChina and Others.The Polypropylene Glycol Market report delivers a basic overview of the industry including its definition, applications and manufacturing technology.
