Propylene glycol is hydroscopic liquid which is produced by reacting propylene oxide with water. Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans. We offer the following regional Monopropylene glycol analysis and news coverage to keep you informed of factors and developments affecting prices in the Monopropylene glycol marketplace. 2. Also covered, propylene glycol ethers for the European market. This is in response to the rising demand for the chemical in the region. Find out more about the ICIS supply and demand database >>. According to a new report by EMR titled, ‘Global Propylene Glycol Market Report and Forecast 2021-2026, the global propylene glycol reached a volume of 2.72 million metric tons in 2020. © Copyright iCrowdNewswire LLC Despite the steeper cost, market participants said demand remained strong. The post Global Propylene Glycol Market Growth, Share, Size, Price, Analysis, Industry Trends And Forecast 2020-2025 | Expert Market Research appeared first on Super Market … ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Find out more about ICIS pricing reports >>. The rapidly growing demand for unsaturated polyester resins in the transportation, construction, automobile, and marine industries is expected to support the growth of the propylene glycol market. 2. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions. Global propylene glycol market is expected to rise to an estimated value of USD 2,382.59 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Other producers, far from the path of Hurricane Laura, also had shortages since there was not as much inventory from earlier in the summer, compared with other years. Supply fell during Q3, as high upstream PO prices weighed on production rates for MPG as production costs rose significantly. 10.1 Global Market Size by Application. There were more enquiries from other regions as the global market tightened. During the winter, the demand for the product is largely driven by the food and cosmetics industries, as well as the airline industry, due to the application of ethylene glycol as a de-icing and anti-freezing agent. Trisodium Phosphate Market – https://www.expertmarketresearch.com/reports/trisodium-phosphate-market, Pyrite Market – https://www.expertmarketresearch.com/reports/pyrite-market, Benzyl Bromide Market – https://www.expertmarketresearch.com/reports/benzyl-bromide-market, Alunite Market – https://www.expertmarketresearch.com/reports/alunite-market, N-Pentane Market – https://www.expertmarketresearch.com/reports/n-pentane-market. 4. DPG demand was generally slow, while MPG USP demand remained below Q1 highs. Raw material is the largest driver of propylene glycol cost. Spot polymer-grade propylene (PGP) prices dipped early in January from 31 cents per pound to 29 cents and then stayed in a tidy band of 29-30.25 cents until early March. Food, Drug, and Cosmetics Supply of MPG tightened for several reasons. PG is used in the manufacture of high performance unsaturated polyester resins (UPR), as well as engine coolants, antifreeze applications, aircraft wing and runway de-icer, food, pharmaceuticals and personal care products, and paints/coatings. The major players in the market are Dow Chemical Company, LyondellBasell Industries N.V., INEOS Group, Shell Chemicals LP, BASF SE, SKC Chemicals Group, Sumimoto Chemical Co., Ltd, Archer Daniels Midland Company, and Repsol S.A. The trusted and reliable Monopropylene glycol (MPG) reports are published by ICIS weekly in Asia, Europe and the US. 3. Market is expected to achieve a healthy CAGR of 5.36% during the forecast period. 10 Market Size by Application. Functional Fluids The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Unsaturated Polyester Resins Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic. For the balance of Q1, we expect pricing to go up another 2 – 3 cpp. The global glycols market was valued at USD 31.80 billion in 2017 and is expected to grow at a CAGR of 5.1% from 2018 to 2026. Liquid Detergent Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking. The price assessments cover spot markets in Asia and Europe, while in the US, contract prices are published. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Uptake from the pharmaceutical side for USP grade was a lot stronger, leading some sellers to focus more on USP than PGI. ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Please find more information on the cookies used on our site here, Propylene glycol methyl ether acetate (PMA), Market commentary on trends and developments. The new report by Expert Market Research titled, ‘Global Propylene Glycol Market Growth, Size, Share, Analysis, Trends, Report and Forecast 2020-2025’, gives an in-depth analysis of the global propylene glycol market, assessing the market based on its … Also Read@ Impact of COVID-19 on Global Polypropylene Market. We offer the following regional Propylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Propylene marketplace.. 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