Widespread Industrial Use Propels the Global 1, 2-Propanediol Market

Published on : Dec 12, 2018

Albany, New York, December 12, 2018:1, 2-Propanediol, also called as mono-propylene glycol (MPG) or propylene glycol (PG), is a colorless liquid possessing the consistency of syrup with formula C3H802. Unsaturated Polyester Resins (UPRs) are applied in glass fiber reinforced resins and surface coatings. 1, 2-propanediol is applied in hydraulic brake fluids and plasticizers which has bolstered the market. Besides, it is used in animal foodstuffs, tobacco industries and pharmaceuticals as a humectant, thereby showing the potency of the 1, 2-Propanediol. Nevertheless, it is too applied in non-ionic detergents and proves to be perfect solvent and extractant.  These insights are according to the report titled, “2018 Global 1, 2-Propanediol Industry Report,” which has lately been added to the repository of Market Research Hub (MRH). According to the assessment, Global 1, 2-propanediol market has been bolstered by its use in edible items such as liquid sweeteners, coffee-based drinks, ice cream, and soda and whipped dairy products.

The wide application of 1, 2-propanediol has increased the demand of it in various sectors. 1, 2-propanediol, also known as propylene glycol, is profusely applied in veterinary medicine for ‘hypertketonaemia’ in ruminants. However, owing to the allergy, many people refrain from using it. Moreover, 1, 2-propanediol is detrimental to environment as it is lethal for aquatic organisms.

Global 1, 2-Propanediol Market: Report Content

The report provides a thorough analysis on 1, 2-propanediol market. Further, report delves into the drivers triggering the growth 1, 2-propanediol market along with restraints challenging the market. Besides, the report assesses opportunities and trends in the market.

The report also includes the segmentation giving the overview of the market. The market has been segmented on the basis of geography, end use and competitor. Regionally, the market includes North America, South America, Asia and Pacific, Europe and Middle East and Africa.

The report incorporates invaluable information on the competitors which comprises of company profile, prominent business information, SWOT analysis. Besides, the report also does the analysis of sales, revenue, price and gross margin. The report provides an overview of the market through assessment on the market share.

Global 1, 2-Propanediol Market: Research Methodology

A thorough research methodology has been adopted with respect to primary and secondary research. The nuggets of information in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by expert panel.

The secondary research incorporates company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with authentic report, a panel of expert delineates the data collected from different sources. 

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