Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.
Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is ?generally recognized as safe? for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.
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The regions of Europe, North America and Asia (ex. China) are the main consumption bases, while Europe holds 21.56% consumption share, North America holds 20.16%, and Asia (ex. China) holds 21.13% consumption share in 2015. They occupy 62.84% of the global consumption in total.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Propylene Glycol (PG) 3900 market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impactk of Coronavirus COVID-19 on the Propylene Glycol (PG) 3900 industry.
Based on our recent survey, we have several different scenarios about the Propylene Glycol (PG) 3900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 4212 million in 2019. The market size of Propylene Glycol (PG) 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Propylene Glycol (PG) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Propylene Glycol (PG) market in terms of both revenue and volume.
Players, stakeholders, and other participants in the global Propylene Glycol (PG) market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Sales and Pricing Analyses
Readers are provided with deeper sales analysis and pricing analysis for the global Propylene Glycol (PG) market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Propylene Glycol (PG) market, covering important regions, viz, North America, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.
In the competitive analysis section of the report, leading as well as prominent players of the global Propylene Glycol (PG) market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Propylene Glycol (PG) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Propylene Glycol (PG) market.
The following manufacturers are covered in this report:
- Lyondell Basell Industries
- Sumitomo Chemical
- Shandong Shida Shenghua Chemical
- Tongling Jintai Chemical
- CNOOC and Shell Petrochemicals
- Hi-tech Spring Chemical
- Daze Group
- Shandong Depu Chemical
Propylene Glycol (PG) Breakdown Data by Type
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
Propylene Glycol (PG) Breakdown Data by Application
- Pharmaceuticals and Food
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Table of content
1 Study Coverage
1.1 Propylene Glycol (PG) Product Introduction
1.2 Market Segments
1.3 Key Propylene Glycol (PG) Manufacturers Covered: Ranking by Revenue
1.4 Market by Type
1.4.1 Global Propylene Glycol (PG) Market Size Growth Rate by Type
1.4.2 Industrial Grade
1.4.3 Food Grade
1.4.4 Pharmaceutical Grade
1.5 Market by Application
1.5.1 Global Propylene Glycol (PG) Market Size Growth Rate by Application
1.5.4 Pharmaceuticals and Food
1.6 Coronavirus Disease 2019 (Covid-19): Propylene Glycol (PG) Industry Impact
1.6.1 How the Covid-19 is Affecting the Propylene Glycol (PG) Industry
18.104.22.168 Propylene Glycol (PG) Business Impact Assessment - Covid-19
22.214.171.124 Supply Chain Challenges
126.96.36.199 COVID-19?s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Propylene Glycol (PG) Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
188.8.131.52 Government Measures to Combat Covid-19 Impact
184.108.40.206 Proposal for Propylene Glycol (PG) Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Executive Summary
2.1 Global Propylene Glycol (PG) Market Size Estimates and Forecasts
2.1.1 Global Propylene Glycol (PG) Revenue 2015-2026
2.1.2 Global Propylene G
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