The global pharmaceutical grade propylene glycol market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for pharmaceutical grade propylene glycol in various applications such as drug, local anesthetic, vitamins and hormones, preservatives and vaccine.
The petroleubased pharmaceutical grade propylene glycol segment accounted for the largest share of the global market in 2018 and is expected to continue its dominance throughout the forecast period due to its high purity level and low cost compared with other types of pharmaceutical grade propylene glycol. The bibased pharmaceutical grade propylene glycol segment accounted for a small share in 2018 but is expected to grow at a CAGR of 5% during the forecast period due to its low cost compared with petroleubased type which makes it more affordable for manufacturers who are looking for alternatives that are cheaper than petroleubased type.
Some Of The Growth Factors Of This Market:
- Increasing demand for pharmaceutical grade propylene glycol in the food and beverage industry is one of the major factors driving growth in this market.
Industry Growth Insights published a new data on “Pharmaceutical Grade Propylene Glycol Market”. The research report is titled “Pharmaceutical Grade Propylene Glycol Market research by Types (Petroleum-based Pharmaceutical Grade Propylene Glycol, Bio-based Pharmaceutical Grade Propylene Glycol), By Applications (Drug, Local Anesthetic, Vitamins and Hormones, Preservatives, Vaccine, Other), By Players/Companies Dow, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF, Oelon, Sumitomo Chemical, Asahi, ADEKA, SKC, Shell, Shandong Shida Shenghua Chemical, Tongling Jintai Chemical, CNOOC and Shell Petrochemicals, Hi-tech Spring Chemical, Daze Group, Shandong Depu Chemical”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Grade Propylene Glycol Market Research Report
By Type
Petroleum-based Pharmaceutical Grade Propylene Glycol, Bio-based Pharmaceutical Grade Propylene Glycol
By Application
Drug, Local Anesthetic, Vitamins and Hormones, Preservatives, Vaccine, Other
By Companies
Dow, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF, Oelon, Sumitomo Chemical, Asahi, ADEKA, SKC, Shell, Shandong Shida Shenghua Chemical, Tongling Jintai Chemical, CNOOC and Shell Petrochemicals, Hi-tech Spring Chemical, Daze Group, Shandong Depu Chemical
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 Pharmaceutical Grade Propylene Glycol Market Report Segments:
The global Pharmaceutical Grade Propylene Glycol market is segmented on the basis of:
Types
Petroleum-based Pharmaceutical Grade Propylene Glycol, Bio-based Pharmaceutical Grade Propylene Glycol
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
Drug, Local Anesthetic, Vitamins and Hormones, Preservatives, Vaccine, Other
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
- ADM
- Polioles
- Lyondell Basell Industries
- Repsol
- BASF
- Oelon
- Sumitomo Chemical
- Asahi
- ADEKA
- SKC
- Shell
- Shandong Shida Shenghua Chemical
- Tongling Jintai Chemical
- CNOOC and Shell Petrochemicals
- Hi-tech Spring Chemical
- Daze Group
- Shandong Depu Chemical
Highlights of The Pharmaceutical Grade 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:
- Petroleum-based Pharmaceutical Grade Propylene Glycol
- Bio-based Pharmaceutical Grade Propylene Glycol
- By Application:
- Drug
- Local Anesthetic
- Vitamins and Hormones
- Preservatives
- Vaccine
- Other
- 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 Pharmaceutical Grade 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.
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- Correctly Positioning New Products
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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?
Pharmaceutical grade propylene glycol is a clear, colorless liquid that is used in pharmaceuticals and other medical products. It is also used in food and beverage products, such as ice cream and salad dressing.
Some of the key players operating in the pharmaceutical grade propylene glycol market are Dow, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF, Oelon, Sumitomo Chemical, Asahi, ADEKA, SKC, Shell, Shandong Shida Shenghua Chemical, Tongling Jintai Chemical, CNOOC and Shell Petrochemicals, Hi-tech Spring Chemical, Daze Group, Shandong Depu Chemical.
The pharmaceutical grade propylene glycol market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharmaceutical Grade Propylene Glycol Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pharmaceutical Grade Propylene Glycol Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pharmaceutical Grade Propylene Glycol Market - Supply Chain
4.5. Global Pharmaceutical Grade Propylene Glycol Market Forecast
4.5.1. Pharmaceutical Grade Propylene Glycol Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pharmaceutical Grade Propylene Glycol Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pharmaceutical Grade Propylene Glycol Market Absolute $ Opportunity
5. Global Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Type
5.3.1. Petroleum-based Pharmaceutical Grade Propylene Glycol
5.3.2. Bio-based Pharmaceutical Grade Propylene Glycol
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Application
6.3.1. Drug
6.3.2. Local Anesthetic
6.3.3. Vitamins and Hormones
6.3.4. Preservatives
6.3.5. Vaccine
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pharmaceutical Grade Propylene Glycol Demand Share Forecast, 2019-2026
9. North America Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Application
9.4.1. Drug
9.4.2. Local Anesthetic
9.4.3. Vitamins and Hormones
9.4.4. Preservatives
9.4.5. Vaccine
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Type
9.7.1. Petroleum-based Pharmaceutical Grade Propylene Glycol
9.7.2. Bio-based Pharmaceutical Grade Propylene Glycol
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pharmaceutical Grade Propylene Glycol Demand Share Forecast, 2019-2026
10. Latin America Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Application
10.4.1. Drug
10.4.2. Local Anesthetic
10.4.3. Vitamins and Hormones
10.4.4. Preservatives
10.4.5. Vaccine
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Type
10.7.1. Petroleum-based Pharmaceutical Grade Propylene Glycol
10.7.2. Bio-based Pharmaceutical Grade Propylene Glycol
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pharmaceutical Grade Propylene Glycol Demand Share Forecast, 2019-2026
11. Europe Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Application
11.4.1. Drug
11.4.2. Local Anesthetic
11.4.3. Vitamins and Hormones
11.4.4. Preservatives
11.4.5. Vaccine
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pharmaceutical Grade Propylene Glycol MarketSize and Volume Forecast by Type
11.7.1. Petroleum-based Pharmaceutical Grade Propylene Glycol
11.7.2. Bio-based Pharmaceutical Grade Propylene Glycol
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pharmaceutical Grade Propylene Glycol Demand Share, 2019-2026
12. Asia Pacific Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Application
12.4.1. Drug
12.4.2. Local Anesthetic
12.4.3. Vitamins and Hormones
12.4.4. Preservatives
12.4.5. Vaccine
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Type
12.7.1. Petroleum-based Pharmaceutical Grade Propylene Glycol
12.7.2. Bio-based Pharmaceutical Grade Propylene Glycol
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pharmaceutical Grade Propylene Glycol Demand Share, 2019-2026
13. Middle East & Africa Pharmaceutical Grade Propylene Glycol Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pharmaceutical Grade Propylene Glycol Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Application
13.4.1. Drug
13.4.2. Local Anesthetic
13.4.3. Vitamins and Hormones
13.4.4. Preservatives
13.4.5. Vaccine
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pharmaceutical Grade Propylene Glycol Market Size and Volume Forecast by Type
13.7.1. Petroleum-based Pharmaceutical Grade Propylene Glycol
13.7.2. Bio-based Pharmaceutical Grade Propylene Glycol
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pharmaceutical Grade Propylene Glycol Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pharmaceutical Grade Propylene Glycol Market: Market Share Analysis
14.2. Pharmaceutical Grade Propylene Glycol Distributors and Customers
14.3. Pharmaceutical Grade Propylene Glycol Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dow
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Huntsman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ADM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Polioles
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lyondell Basell Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Repsol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BASF
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oelon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sumitomo Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asahi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ADEKA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SKC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shell
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shandong Shida Shenghua Chemical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tongling Jintai Chemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CNOOC and Shell Petrochemicals
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hi-tech Spring Chemical
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Daze Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shandong Depu Chemical
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
