Monopropylene Glycol Market - Forecast(2021 - 2026)

The total exports of monopropylene glycol around the world in 2017 are 1.05 million tons which are of total value $1.36 billion. Germany has exported more in the world with 255,041 tons of monopropylene glycol and it is followed by the United States of America with 120,515 tons and China with 113,822 tons of monopropylene glycol. The year 2017 has registered a negative CAGR of -4% when compared to the previous years’ exports. In the global imports of monopropylene glycol, China had stood first in 2017 with total imports of 69,795 tons and it is followed by France with 65,617 and Italy with 57,506 tons of monopropylene glycol.  

Monopropylene Glycol Market Outlook:

Monopropylene Glycol is available in two grades food grade and industrial grade. The food grade monopropylene glycol is mostly used in the food, cosmetics, and pharmaceutical industries.  It is used as a solvent for food colorings, flavorings and it is also a humectant food additive. In the personal care industry, it is used as a moisturizer in shampoos, bubble bath, baby wipes and many others. In the pharmaceutical industry, monopropylene glycol is used as a solvent in oral, injectable, and topical formulations. In many uses of industrial grade monopropylene glycol, its application as an antifreeze in aircraft wing and runway deicer is the main one. It is also used in heat transfer liquids such as engine coolants. It is also used as a chemical intermediate in the production of high-performance unsaturated polyester resins which are used in paints, coatings and varnishes. It is also used as a solvent which is used in printing inks, and in the manufacture of non-ionic detergents which are used in the petroleum, sugar-refining, and papermaking industries. Monopropylene Glycol is also used an additive in pipe tobacco in the cryonics industry as it prevents dehydration.

Monopropylene Glycol Market report comprises of pricing analysis for different types of Monopropylene Glycol. The price of Monopropylene Glycol is expected to range from $900 to $1400 per ton of monopropylene glycol. 

Monopropylene Glycol Market Growth Drivers: One of the major drivers in the global Monopropylene Glycol Market is the rapidly growing food & beverage industry in the world. Monopropylene glycol is used extensively as an additive and humectant and many others. This extensive usage of monopropylene glycol in this industry is driving the market. 

Monopropylene Glycol Market Challenges: The main challenge in the global Monopropylene Glycol Market is the side effects of using medicines containing monopropylene glycol. 

Download Report Sample @ https://www.industryarc.com/pdfdownload.php?id=17703

Monopropylene Glycol Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Monopropylene Glycol market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Monopropylene Glycol market and their specific applications in different types of vehicles.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=17703

Monopropylene Glycol Market Report: Industry Coverage

Grades of Monopropylene Glycol:  Food grade and Industrial grade. 

Production Methods of Monopropylene Glycol: Catalytic and Non- Catalytic

Applications of Monopropylene Glycol: Food Colorings, Solvent, Printing Inks, Non-ionic Detergents, Sugar Refining, Paper Making, Dehydrating Agent, Moisturizer, Emulsifier, Excipient, Anti-freezing Agent, Chemical Intermediate, Chemical Feedstock, Humectant, Preservative, Vaporizers and Veterinary Medicine. 

Monopropylene Glycol market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • The Middle East and Africa: Israel, South Africa, Saudi Arabia

Monopropylene Glycol Market Key Players Perspective: 

Some of the key players mentioned in this report are Shell Chemicals, LyondellBasell, The Dow Chemical Company, Archer Daniels Midland Company, Banner Chemicals Ltd, BAX Chemicals, Airedale Chemical, Helm AG, Sigma Aldrich, Chemtex Specialty Chemicals Ltd and Solventis Ltd. among others. 

Schedule a Call @ https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert

Monopropylene Glycol Market Trends:

  • September 13, 2018: MOL Petrochemicals, a subsidiary of MOL, a Hungarian oil and gas company subsidiary is entering into four separate engineering, procurement and construction contracts with ThyssenKrupp Industrial Solutions AG, Germany. This project “Polyol Project” will cover the implementation of new hydrogen-peroxide and propylene-oxide plants, the polyol plant and the propylene-glycol plant and the off-site and utility units.
  • In the month of January 2018, Archer Daniels Midland, an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois, USA has paired with Pacific Northwest National Laboratory which is one of the United States Department of Energy national laboratories in Richland, Washington, USA to produce biobased propylene glycol with sorbitol and glycerol. This new source of monopropylene glycol is economically competitive with renewable sources that meets American Society for Testing and Materials standards for 100% biobased renewable carbon content. It also meets U.S. Department of Agriculture BioPreferred standards, a voluntary labeling initiative that certifies this polypropylene as biobased. 
  • Bharat Petroleum Corporation Limited (BPCL), a Government of India controlled Maharatna oil and gas company headquartered in Mumbai, has set up a polyol, propylene glycol and mono ethylene glycol petrochemical complex at one of its refineries located at Ambalamugal, Kerala in Southern India. This new plant will have the capacity to produce 250 kT/year of polyols, 100 kT/year of propylene glycol and 140 kT/year of mono ethylene glycol.
  • Netherlands based company LyondellBasell, one of the largest plastics, chemicals and refining companies in the world has successfully acquisition of an American company A. Schulman, Inc., a leading global supplier of high-performance plastic compounds, composites and powders. The acquisition will more than doubles the LyondellBasell's existing compounding business and also broadens the company's reach into growing, high-margin end markets such as automotive, construction materials, electronic goods and packaging.

For more information about chemicals and meterials ,Please click here

Location: United States

Comments

Post a Comment

Popular posts from this blog

Thermoplastic Vulcanizates Market - Forecast(2022 - 2027)

Thermoplastic vulcanizates market size is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 5% during 2021-2026. Thermoplastic vulcanizates are based on polyvinylidene fluoride, acrylic rubber, and ethylene-methacrylic acid possess excellent chemical resistance to acids, bases, and other aqueous media, and have good property retention owing to which it is widely utilized in various end-use industries such as automotive, building & construction, sports, and more. In addition, thermoplastic vulcanizates deliver superior performance as compared to other substitute products such as conventional thermosetting rubbers owing to their special microstructure. Furthermore, the rapid growth of the medical & healthcare industry has increased the demand for thermoplastic vulcanizates; thereby, fueling market growth. Furthermore, the flourishing automotive & transportation industry is also anticipated to drive the thermoplastic vulcanizates industry substantially during...
Read more

Plasterboard Market - Forecast(2022 - 2027)

According to Eurogypsum, more than 1,600 million square meters of interior surfaces are covered with plasterboards with around 5 million tons of plaster used for interior lining in Europe each year. Similarly, owing to the on-going construction and intermittent replacement of the old plasterboards with the new ones across the globe, the plasterboard market has attained a permanent demand influx from various sectors, and its market size was $19,754 million in 2018, according to the findings by IndustryARC’s market analyst. Furthermore, the analyst estimates the demand for plasterboard to grow with a modest CAGR of 4.6% during the forecast period of 2019 to 2025.     According to the United Nations ESCAP (UNESCAP), in 2013, 60% of the world’s population was attributed to APAC which translates to a whopping 4.3 billion. Even though the organization estimates that the population will observe a growth rate of 0.96% year on year, the population will shoot up to around 5 billion...
Read more