The global 1,2-Propanediol market was valued at 4111.5 Million USD in 2021 and will grow with a CAGR of 3.76% from 2021 to 2027, based on Research newly published report. The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.The primary outlet for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are used in surface coatings and glass fiber-reinforced resins. The second-largest consumer is functional fluids such as deicing and antifreeze.
1, 2-Propanediol is also used in plasticizers and hydraulic brake fluids. Other uses are in non-ionic detergents and as a humectant in the pharmaceutical, cosmetics, animal foodstuffs and tobacco industries. It is also an excellent solvent and extractant. 1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc.
Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 35.73%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America.
By Market Verdors:
– Company A
– Company B
By Types:
– Industrial Grade
– Food Grade
– Pharmaceutical Grade
By Applications:
– Unsaturated Polyester Resins (UPR)
– Functional Fluids
– Cosmetics, Pharmaceutics and Food
– Liquid Detergents
Key Indicators Analysed:
– Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
– Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
– Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
– Opportunities and Drivers: Identifying the Growing Demands and New Technology
– Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase:
– To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
– Assess the production processes, major issues, and solutions to mitigate the development risk.
– To understand the most affecting driving and restraining forces in the market and its impact in the global market.
– Learn about the market strategies that are being adopted by leading respective organizations.
– To understand the future outlook and prospects for the market.
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For more information and to download a free sample report, please visit: 2022-2027 Global and Regional 1,2-Propanediol Industry Status and Prospects Professional Market – View in Detailed Research Report
The global Polyester Chip (PET Chip) Market continues to demonstrate strong growth, with its valuation reaching USD 12.88 billion in 2024. According to the latest industry analysis, the market is projected to grow at a CAGR of 6.2%, reaching approximately USD 20.83 billion by 2032. This growth is largely fueled by increasing applications in packaging, textiles, and film, particularly in emerging economies where demand for lightweight, durable, and recyclable materials continues to rise.
Polyester chips are integral to the production of PET bottles, synthetic fibers, and packaging films. Their versatility and recyclability make them highly desirable in industries transitioning toward sustainable practices. As bio-based and recycled PET gain prominence, manufacturers and regulatory bodies are increasingly supporting innovation and circular economy initiatives.
Asia-Pacific dominates the global PET chip market with a 60% production share, driven by strong consumption in China, India, and Southeast Asia. The region benefits from large-scale textile manufacturing, urbanization, and rapid growth in e-commerce, fueling demand for fiber-grade and packaging-grade PET chips.
North America’s growth is bolstered by advanced recycling infrastructure and increasing investments in rPET. Europe leads with regulatory frameworks such as the EU mandate for 25% recycled content in PET bottles by 2025. Emerging regions like Latin America and Africa show promising growth potential, despite logistical and infrastructure challenges.
The market is driven by the global shift toward eco-friendly packaging, rising demand in the fast fashion and FMCG industries, and technological advancements in bio-based PET production. Packaging accounts for 48% of global demand, followed by textiles at 32% and films at 15%. New applications in 3D printing and automotive components offer significant future opportunities.
Opportunities also lie in the development of sugarcane-based PET and the integration of PET in lithium-ion battery separators. The African packaging market and Latin American beverage sector present untapped potential for exporters.
The PET chip market faces challenges including crude oil price volatility, microplastic pollution concerns, and rising environmental regulations. Overcapacity in China continues to suppress global prices, while collection inefficiencies limit rPET availability. Trade protectionism, such as India’s anti-dumping duty on Chinese PET, poses further risks.
Market Segmentation by Type:
– Disinfectants & Sanitizers
– Antimicrobial Additives
– Other
Market Segmentation by Application:
– Paint & Coatings
– Food & Beverage Processing
– Plastics
– Textiles
– Medical & Health Care
– Others
Key Players:
– Toray
– SKC Film
– Indorama Ventures
– Polyplex
– Kolon
– Jindal
– JBF
– Zhejiang Hengyi Group
– Zhejiang Wankai New Materials
– Anhui Wanwei Group
– Balaji Overseas
– TIFICO
– Donghua Fiber
– Filatex India
– Yingkou Kanghui Petrochemical
This report presents a comprehensive analysis of the global and regional markets for Disinfectant and Antimicrobial Chemicals, covering the period from 2024 to 2032. It includes detailed insights into the current market status and outlook across various regions and countries, with specific focus on:
– Sales, sales volume, and revenue forecasts
– Detailed segmentation by type and application
In addition, the report offers in-depth profiles of key industry players, including:
– Company profiles
– Product specifications
– Production capacity and sales
– Revenue, pricing, gross margins
– Sales performance
It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.
As part of this research, we surveyed Disinfectant and Antimicrobial Chemicals companies and industry experts. The survey covered various aspects, including:
– Revenue and demand trends
– Product types and recent developments
– Strategic plans and market drivers
– Industry challenges, obstacles, and potential risks
Get Full Report Here: 2022-2027 Global and Regional 1,2-Propanediol Industry Status and Prospects Professional Market
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