Global Polypropylene Glycol Market Expected To Grow At 5.1% CAGR Reach 4.2 USD Billion Through 2021

Date: 2017-06-26

Polypropylene glycol or polypropylene oxide is the polymer of propylene glycol. Chemically it is a polyether. The term polypropylene glycol or PPG is reserved for low to medium range molar mass polymer when the nature of the end-group, which is usually a hydroxyl group, still matters.

The increasing vehicles running on the road across the world which directs driving the demand for propylene glycol in automotive coolant, Polypropylene glycol coupled with eco-friendly production process of bio-based propylene glycol in automotive coolant, according to research, the global Polypropylene Glycol market is expected to grow at 5.1% CAGR reach 4.2 USD billion during forecast period 2017-2021.

Geographically, the Asia Pacific is the largest market in terms of consumption due to they have the largest number of vehicles around the world, moreover, the economic development in Asia Pacific which driving substantial investments in industries such as transportation, and building & construction is fueling the propylene glycol market.

On the basis of type, Petroleum-based propylene glycol is expected to be the largest source in the global propylene glycol market; Petroleum-based propylene glycol is the most widely used propylene glycol due to its widespread applications. Moreover, the rising demand from the construction and transportation industries is also fueling the growth of this segment.

Global top manufacturers operating in Polypropylene Glycol Market are Dow Chemical Company, Lyondel lBasell Industries N.V., BASF SE, Archer Daniels Midland Company, Global Bio-chem Technology Group Co., Ltd., DuPont Tate & Lyle Bio Products Company, LLC, Huntsman Corporation, SKC Co., Ltd., Temix International S.R.L., and Ineos Oxide among others.

Global Polypropylene Glycol market share by geography as following:

Read Full Report: 

Global Polypropylene Glycol Market Research Report 2017

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520


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