Global 1,2-Propandiol Market Insights, Forecast to 2029

What is Global 1,2-Propandiol Market?

The Global 1,2-Propandiol Market, also known as Propylene Glycol, is a significant sector in the chemical industry. This market revolves around the production, distribution, and application of 1,2-Propandiol, a synthetic organic compound with the chemical formula C3H8O2. This colorless, nearly odorless, clear, viscous liquid with a faintly sweet taste is a versatile product used in a variety of industries. The market's value is determined by the demand for this compound in various applications, including as a solvent in pharmaceuticals, as a moisturizer in cosmetics, and as a food additive. The market is also influenced by the production processes used to create 1,2-Propandiol, which include both petroleum-based and bio-based methods.

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Industrial Grade, Food & Pharma Grade in the Global 1,2-Propandiol Market:

The Global 1,2-Propandiol Market is segmented into Industrial Grade and Food & Pharma Grade based on the purity and application of the product. Industrial Grade 1,2-Propandiol is primarily used in the production of unsaturated polyester resins, functional fluids, and liquid detergents. It is also used as an antifreeze in industrial coolants and as a hydraulic and brake fluid in vehicles. On the other hand, Food & Pharma Grade 1,2-Propandiol is used in food, pharmaceutical, and cosmetic applications. It acts as a solvent for food colors and flavors, and as a humectant and emulsifier in these industries. The demand for both grades is influenced by various factors, including industry trends, regulatory standards, and consumer preferences.

Global 1,2-Propandiol Market Outlook:

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Report Metric	Details
Report Name	1,2-Propandiol Market
Accounted market size in 2023	US$ 6381.4 million
Forecasted market size in 2029	US$ 6705.9 million
CAGR	0.8
Base Year	2023
Forecasted years	2023 - 2029
Segment by Type	Industrial Grade Food & Pharma Grade
Segment by Application	Unsaturated Polyester Resins (UPR) Functional Fluids Cosmetics, Pharmaceutics and Food Liquid Detergents Others
Production by Region	North America Europe China South Korea Southeast Asia
Sales by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, Anhui Tongling Jintai, Shandong Shida Shenghua Chemical Co., Ltd., CNOOC Shell Petrochemical, Haike Xinyuan, Daze Chemical, Depp Technology, Shaanxi Yulin Yunhua Green Energy, Ningbo Zhetie Dafeng Chemical Co., Ltd.
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends