Published Date: Mar, 2023 | 250 Pages | Report ID: MRU_229685
Monopropylene Glycol (MPG) Market Size By Demand, By Type, By Application, Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
229685 | Date :
Mar, 2023 | Pages :
250 | Region : Global |
Publisher : MRU
A new research report on the Global Monopropylene Glycol (MPG) Market titled has recently published by Market Research Update to its humongous database which helps to shape the future of the businesses by making well-informed business decisions.Mono propylene glycol (also known as propylene glycol, PG, propan1, 2diol and MPG) is a clear, colourless, and viscous liquid with a characteristic odour. It has the formula C3H8O, is soluble in water, and has hygroscopic properties. MPG is used across a wide range of industries as it has low toxicity, coupled with a freezing point which is depressed upon mixing with water.
There are many uses for mono propylene glycol across many different industries and some chemical manufacturers produce two grades of MPG to meet these varied needs.
The first grade is used in the food, cosmetics, and pharmaceutical industries. MPG is used as a solvent for food colourings and flavourings, and is also a classified humectant food additive (E1520). In the personal care industry it is used as a moisturiser in make-up, shampoo, bubble bath and baby wipes, to name but a few examples. The pharmaceutical industry uses MPG as a solvent in oral, injectable, and topical formulations.
Industrial grade MPG also has a variety of uses but the main application is as an antifreeze and aircraft wing and runway de-icer. This is because the freezing point of MPG lowers upon mixing with water. It is also used in heat transfer liquids such as engine coolants.
It can also be used as a chemical intermediate in the production of high performance unsaturated polyester resins used in paints and varnishes. It is also an excellent solvent that is utilised in printing inks and it is also used in the manufacture of non-ionic detergents which are used in the petroleum, sugar-refining, and paper making industries. It can also be used in the cryonics industry and can be used as an additive in pipe tobacco as it prevents dehydration.
The forecast period 2023-2030 is expected to be great for the Monopropylene Glycol (MPG) market which will be the face changer for the Materials and Chemicals industry. The users are increasing day by day which is increasing sales, import, export, revenue, and CAGR values. Summary
The report moreover comprises of the market drivers and limitations which may be gotten from a SWOT assessment of the Monopropylene Glycol (MPG) market. Top players and types are taking actions alongside inclinations, stock dispatches, acquisitions, consolidations, joint endeavors, and forceful research inside the Monopropylene Glycol (MPG) market. A change was seen inside the CAGR ranges in the memorable year 2023, the base year 2023 and the CAGR ranges are likewise certain to exchange inside the estimate years 2023-2030.
The cost investigation of the Monopropylene Glycol (MPG) Market has been performed while keeping in view work cost, producing costs, and crude materials and their market fixation rate, providers, and value pattern. Different factors, for example, downstream purchasers, Supply chain, and sourcing methodology have been evaluated to give a total and top to bottom perspective on the market. Purchasers of the report will likewise be presented to an investigation on market situating with elements, for example, brand procedure, target customer, and value technique mulled over.
The Top Key Players include:
DowDuPont
BASF
Huntsman
ADM
OLEON
Polioles
LyondellBasell
Repsol
INEOS
AGC Chemicals
Shell
ADEKA
SKC
PJSC Nizhnekamskneftekhim
PCC Rokita
Shandong Shida Shenghua Chemical
Tongling Jintai Chemical
CNOOC and Shell Petrochemicals
Dongying Hi-tech Spring Chemical
Shandong Depu Chemical
Global Monopropylene Glycol (MPG) Market Key Segments: On the Basis of Type:
Industrial Grade
Food Grade
Pharmaceutical Grade On the Basis of Application:
Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Industrial
Others
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Monopropylene Glycol (MPG) market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Monopropylene Glycol (MPG) market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Monopropylene Glycol (MPG) market and Materials and Chemicals undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
By Region:
North America
By Country (US, Canada, Mexico)
By Component
By System
By Application
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Component
By System
By Application
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Component
By System
By Application
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Component
By System
By Application
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Component
By System
By Application
Rest of the World
By Region (South America, Africa)
By Component
By System
By Application
The study objectives of global market research report:
To analyze the global Monopropylene Glycol (MPG) market on the basis of several business verticals such as drivers, restraints, and opportunities
It offers detailed elaboration on the global competitive landscape
To get an informative data of various leading key industries functioning across the global regions
It offers qualitative and quantitative analysis of the global Monopropylene Glycol (MPG) market
It offers all-inclusive information of global market along with its features, applications, challenges, threats, and opportunities
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Monopropylene Glycol (MPG) market?
Who are the key vendors of the global Monopropylene Glycol (MPG) market?
What are the leading key industries of the global Monopropylene Glycol (MPG) market?
Which factors are responsible for driving the global Monopropylene Glycol (MPG) market?
What are the key outcomes of SWOT and Porter\'s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Monopropylene Glycol (MPG) market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
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