The global Polypropylene Glycol (PPG) market stood at approximately 1.9 million tonnes in 2023 and is anticipated to grow at a CAGR of 4.05% during the forecast period until 2033.
Polypropylene Glycol, a polyether and polymer of Propylene Glycol, undergoes synthesis through the addition of propylene oxide to 1,2 Propylene Glycol using an alkaline catalyst at temperatures between 100-200°C results in a sticky, colourless liquid with no odour and low volatility. PPG demonstrates solubility in various solvents like water, chloroform, and acetone, but its viscosity increases, and water solubility decreases with rising molecular mass.
Possessing versatile properties such as low density, chemical resistance, high moldability, and tensile strength, Polypropylene Glycol finds applications in polyurethanes, additives, surfactants, hydraulic fluids, wetting agents, and dispersants in the leather industry, among others. It is also crucial in the production of Paintballs and generating artificial smoke or fog for movies, theatrical productions, and fire-fighting training.
Polypropylene Glycol caters to various applications in industries such as Cosmetics and Personal Care, Food & Beverage, Pharmaceuticals, Building & Construction, Automotive, and others. The Polypropylene Glycol (PPG) market is driven by robust demand from the personal care and pharmaceutical sectors. In the personal care industry, PPG is a preferred ingredient in cosmetics and personal care products due to its versatile properties, including low density, high moldability, and excellent lubricity. It is commonly used in formulations for skincare, haircare, and cosmetic products, contributing to its increased adoption. Additionally, the pharmaceutical sector utilizes PPG in various applications, leveraging its chemical resistance and low moisture absorption properties. The demand from these key sectors propels the growth of the Polypropylene Glycol market, making it a pivotal driver within the industry. Owing to these reasons, the global Polypropylene Glycol (PPG) market is likely to reach approximately 2.8 million tonnes in 2033.
In terms of regional demand, the Asia-Pacific region commands the predominant share in the Polypropylene Glycol market and is anticipated to experience substantial growth during the forecast period. This growth can be attributed to the rapid emergence of end-use industries such as Pharmaceuticals, Food and Beverage, Automobile, and Construction in the region, contributing to an increased demand for Polypropylene Glycol. Additionally, factors like urbanization, a rise in per capita income, and evolving consumer preferences in key emerging economies like China, India, Japan, and South Korea are expected to further propel the Polypropylene Glycol market in the years to come. The dynamic economic landscape and evolving industrial sectors in these nations are significant drivers fostering the growth of Polypropylene Glycol across the Asia-Pacific region.
Based on the end-user industry, the global Polypropylene Glycol (PPG) market is divided into Pharmaceuticals, Cosmetics and Personal Care, Food & Beverages, Building & Construction, Automotive and Others. Among these, Cosmetics and Personal Care is the largest segment and held about 28% of the global Polypropylene Glycol (PPG) market in 2023 and is anticipated to prevail the similar trend in the upcoming years. Polypropylene glycol (PPG) is used in the construction industry for adhesives, paints, and coatings. In the automotive sector, PPG, or Polypropylene Glycol, serves as a crucial antifreeze agent, preventing the engine's cooling system from freezing in cold temperatures. By altering the freezing point of the engine coolant, PPG ensures that the liquid remains in a usable state even in sub-zero conditions. Additionally, it functions as a coolant by absorbing and dissipating excess heat generated during engine operation, contributing to efficient temperature management and preventing overheating, thus playing a vital role in maintaining optimal engine performance.
Major players in the Global Polypropylene Glycol (PPG) market are LyondellBasell Industries N.V., BASF SE, Sanyo Chemical, Kumho Petrochemical Ltd., Huntsman Corporation, The Dow Chemical Company, Covestro AG, SKC Co., Ltd, Jiangsu Haian Petrochemical, Dow, Mitsui Chemical, Zhejiang Huangma, Archer Daniels Midland Company, Shell Plc., Ineos Group Ltd., AGC Inc., Sungda Chemical, DuPont Inc., Sanyo Chemical, Zibo Yunchuan Chemical, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Polypropylene Glycol (PPG) which covers production, demand and supply of Polypropylene Glycol (PPG) market in the globe.
• To analyse and forecast the market size of Polypropylene Glycol (PPG)
• To classify and forecast Global Polypropylene Glycol (PPG) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polypropylene Glycol (PPG) market in the globe.
To extract data for Global Polypropylene Glycol (PPG) market, primary research surveys were conducted with Polypropylene Glycol (PPG) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polypropylene Glycol (PPG) market over the coming years.
ChemAnalyst calculated Polypropylene Glycol demand across the globe by analyzing the volume of Polypropylene Glycol consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polypropylene Glycol (PPG) manufacturers and other stakeholders
• Organizations, forums and alliances related to Polypropylene Glycol (PPG) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polypropylene Glycol (PPG) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polypropylene Glycol (PPG) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1.9 million tonnes
Market size Volume in 2033
2.8 million tonnes
Growth Rate
CAGR of 4.05% from 2024 to 2033
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Pharmaceuticals, Cosmetics and Personal Care, Food & Beverages, Building & Construction, Automotive and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Polypropylene Glycol (PPG) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polypropylene Glycol (PPG).
3. Capacity By Location
To better understand the regional supply of Polypropylene Glycol (PPG) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Polypropylene Glycol (PPG) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Pharmaceuticals, Cosmetics and Personal Care, Food & Beverages, Building & Construction, Automotive and Others) are creating a market and the forecast for the growth of the Polypropylene Glycol (PPG) market.
7. Demand by Region
Analyzing the change in demand of Polypropylene Glycol (PPG) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polypropylene Glycol (PPG). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polypropylene Glycol (PPG).
10. Company Share
Figure out what proportion of the market share of Polypropylene Glycol (PPG) is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Polypropylene Glycol (PPG).
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What was the net market size of Polypropylene Glycol (PPG) in terms of volume in 2023?
Ans:
The global market size of Polypropylene Glycol (PPG) has reached approximately 1.9 million tonnes in 2023.
Q2.
Which industry is the leading consumer of Polypropylene Glycol (PPG)?
Ans:
Cosmetics and Personal Care industry is the leading consumer of Polypropylene Glycol (PPG) globally.
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