Reports and Data’s latest research study on the Propylene Glycol market gives a thorough analysis of it. In this report, the global Propylene Glycol market is analyzed historically and currently to assess its potential future development. In order to identify the opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Propylene Glycol market.
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Market Overview:
Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products, as well as their application expertise and services.
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Moreover, the report provides insight into how the Propylene Glycol market will develop between forecast period. Companies operating in the Propylene Glycol market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Propylene Glycol market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Propylene Glycol market and estimates market progress in terms of value (USD Million) and volume (Thousand Units).
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Key Questions Answered in This report on the Propylene Glycol Market
The report provides detailed information about the Propylene Glycol market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Propylene Glycol market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue out of the advantages of the product?
- What will be the Y-o-Y growth of the Propylene Glycol market between forecast period?
- What are the winning imperatives of market frontrunners in the Propylene Glycol market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology – Propylene Glycol Market
The research methodology adopted by analysts to compile the Propylene Glycol market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Propylene Glycol market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the Propylene Glycol market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, and import and export data of major countries of the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Propylene Glycol market.
Competitive Landscape:
The competitive landscape of the global propylene glycol market is moderately fragmented with some major companies operating on global and regional levels. Major companies are engaged in product development and strategic alliances to expand their respective product portfolios and gain a robust footprint in the global market. Some major companies in the market report include Shell plc, BASF SE, Archer Daniels Midland Company, Repsol S.A., The Dow Chemical Company, SABIC, LoyndellBasell Industries holdings B.V., INEOS Group, AGC Inc., Indorama Ventures, ADEKA Corporation, SKC Co Ltd, PCC SE, Manali Petrochemical Ltd., and Vizag Chemical.
Some recent developments are as follows:
- On 1 July, 2021, Dow unveiled a strategic plan to undertake a series of capacity expansions for silicones, propylene glycol, and other specialty materials. These expansions aim to meet rising demand in key end-markets that prioritize sustainable solutions and are experiencing faster growth rates than the overall Gross Domestic Product (GDP).
- On 23 September, 2020, Manali Petrochemical Limited revealed its intention to triple the annual production capacity of propylene glycol from 22,000 MT to 70,000 MT. This expansion will take place in two phases and require an investment of approximately USD 18.1 million. The initial phase aims to increase capacity to 46,000 MT within 18-21 months, followed by an additional expansion of 24,000 MT.
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