Market Overview:
The global high purity propylene glycol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high purity propylene glycol from various end-use industries, such as pharmaceuticals, food, and cosmetics. In addition, the growing demand for high purity propylene glycol in emerging economies is also contributing to the growth of this market. Based on type, the global high purity propylene glycol market can be segmented into 99.5% and 99.9% purities. The 99.5% purification segment is expected to account for a larger share of the global high purity propylene glycol market than the 99.9% purification segment during the forecast period from 2018 to 2030 owing to its lower price point as compared with that of99 .9%. However,the99 .
Product Definition:
High Purity Propylene Glycol (HPPG) is a colorless, odorless, and tasteless viscous liquid. It is a synthetic organic compound that is soluble in both water and alcohol. HPPG has a molecular weight of 76.09 g/mol and a boiling point of 197°C (387°F).
Purity: 99.5%:
Purity: 99.5%, it's usage.
The global high purity propylene glycol (HPPG) industry is expected to witness significant growth over the forecast period owing to its increasing demand from various end-use industries including food & beverages, pharmaceuticals, cosmetics, and detergents among others.
Purity: 99.9%:
Purity: 99.9% is a colorless, odorless, water-soluble liquid that is mainly used as an industrial chemical and as a food additive in the production of flavored beverages & confectionery products. It has applications in pharmaceuticals and cosmetics for the manufacture of ointments, creams & lotions; which are mostly used for treating skin disorders like psoriasis or eczema.
Application Insights:
High purity propylene glycol is majorly used in the manufacturing of pharmaceutical, food and cosmetic products. Pharmaceutical was the largest application segment with a market share of over 35% in 2017. High purity propylene glycol is used as an active pharmaceutical ingredient (API) carrier in various drug formulations such as oral liquids, injections, patches and inhalers. It is also employed for formulation of generic drugs that are sold without prescription under different brand names across the world.
Food applications include liquid ingredients for ice cream manufacturers along with dry mix carriers for cakes mixes cookies & confectionery among others which form an essential part of any food product formulation process.
Regional Analysis:
Asia Pacific was the dominant regional segment occupying over 45.0% of the global market volume in 2017. The region is expected to witness significant growth on account of increasing pharmaceutical and food & beverage industries in China, India, Japan, and South Korea. In addition, growing cosmetics industry due to rising consumer awareness regarding appearance enhancement is anticipated to drive product demand over the forecast period.
North America accounted for a major share owing to high consumption by end-use industries such as cosmetics and food & beverages coupled with stringent regulations by U.
Growth Factors:
- Increasing demand for high purity propylene glycol from various end-use industries such as pharmaceuticals, cosmetics, and food & beverages.
- Growing awareness about the benefits of using high purity propylene glycol in various applications is expected to boost the market growth.
- Rising demand for polypropylene across different end-use industries is projected to fuel the growth of the global high purity propylene glycol market over the forecast period.
- Technological advancements in production processes are likely to provide opportunities for market expansion during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Propylene Glycol Market Research Report
By Type
Purity: 99.5%, Purity: 99.9%
By Application
Pharmaceutical, Food, Cosmetic
By Companies
Dow, Huntsman, LyondellBasell, Repsol, AGC Chemicals, SKC, Shell, Hi-tech Spring
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Propylene Glycol Market Report Segments:
The global High Purity Propylene Glycol market is segmented on the basis of:
Types
Purity: 99.5%, Purity: 99.9%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Food, Cosmetic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dow
- Huntsman
- LyondellBasell
- Repsol
- AGC Chemicals
- SKC
- Shell
- Hi-tech Spring
Highlights of The High Purity Propylene Glycol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity: 99.5%
- Purity: 99.9%
- By Application:
- Pharmaceutical
- Food
- Cosmetic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Propylene Glycol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Propylene glycol is a clear, colorless liquid with a sweet odor. It is used in many products, including cosmetics and food. Propylene glycol is also used as an antifreeze and to prevent ice from forming on roads and bridges.
Some of the major players in the high purity propylene glycol market are Dow, Huntsman, LyondellBasell, Repsol, AGC Chemicals, SKC, Shell, Hi-tech Spring.
The high purity propylene glycol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Propylene Glycol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Propylene Glycol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Propylene Glycol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Propylene Glycol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Propylene Glycol Market Size & Forecast, 2018-2028
4.5.1 High Purity Propylene Glycol Market Size and Y-o-Y Growth
4.5.2 High Purity Propylene Glycol Market Absolute $ Opportunity
Chapter 5 Global High Purity Propylene Glycol Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Propylene Glycol Market Size Forecast by Type
5.2.1 Purity: 99.5%
5.2.2 Purity: 99.9%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Propylene Glycol Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Propylene Glycol Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Food
6.2.3 Cosmetic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Propylene Glycol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Propylene Glycol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Propylene Glycol Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Propylene Glycol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Propylene Glycol Market Size Forecast by Type
9.6.1 Purity: 99.5%
9.6.2 Purity: 99.9%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Propylene Glycol Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Food
9.10.3 Cosmetic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Propylene Glycol Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Propylene Glycol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Propylene Glycol Market Size Forecast by Type
10.6.1 Purity: 99.5%
10.6.2 Purity: 99.9%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Propylene Glycol Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Food
10.10.3 Cosmetic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Propylene Glycol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Propylene Glycol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Propylene Glycol Market Size Forecast by Type
11.6.1 Purity: 99.5%
11.6.2 Purity: 99.9%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Propylene Glycol Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Food
11.10.3 Cosmetic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Propylene Glycol Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Propylene Glycol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Propylene Glycol Market Size Forecast by Type
12.6.1 Purity: 99.5%
12.6.2 Purity: 99.9%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Propylene Glycol Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Food
12.10.3 Cosmetic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Propylene Glycol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Propylene Glycol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Propylene Glycol Market Size Forecast by Type
13.6.1 Purity: 99.5%
13.6.2 Purity: 99.9%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Propylene Glycol Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Food
13.10.3 Cosmetic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Propylene Glycol Market: Competitive Dashboard
14.2 Global High Purity Propylene Glycol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dow
14.3.2 Huntsman
14.3.3 LyondellBasell
14.3.4 Repsol
14.3.5 AGC Chemicals
14.3.6 SKC
14.3.7 Shell
14.3.8 Hi-tech Spring
