Polypropylene Glycol (PPG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Nov 2021

[Online Quarterly Update] The global Polypropylene Glycol (PPG) market witnessed a demand of 1.64 million tonnes in 2020 and is anticipated to grow at a healthy CAGR of 5.25% through 2030. Polypropylene Glycol is a polyether and a polymer of Propylene Glycol. PPGs are synthesized via the addition of propylene oxide to 1,2 Propylene Glycol in the presence of an alkaline catalyst at a high temperature around 100-200°C and under pressures ranging 2000-6000 hPa. It is a sticky and colorless liquid with no odor and low volatility.  PPG is soluble in a broad range of solvents such as water, chloroform, and acetone but with increasing molecular mass its viscosity increases, and solubility in water decreases rapidly. Polypropylene exhibits versatile properties such as low density, chemical resistance, high moldability, and tensile strength, low moisture absorption, excellent lubricity, and cost-effectiveness. Due to these properties, Polypropylene Glycol is employed in several applications such as polyurethanes, additives, surfactants, hydraulic fluids, wetting agents, dispersants in the leather industry, antifreeze agents, adhesives, humectants, in suppressing foaming in industrial processes as well as it is the key element in the making of Paintballs. Apart from these applications, Polypropylene Glycol is also used to create artificial smoke or fog used in movies, theatrical productions, and fire-fighting training. Depending upon their molecular weight these are segmented into different grades such as Grade-1000, Grade 2000, Grade-3000, Grade-4000, and Grade 6000. Based upon their vast applications Polypropylene Glycol is used in various end-use in industries including Cosmetics and Personal Care, Food & Beverage, Pharmaceuticals, Building & Construction, Automotive, and Others (textile, paper, and pulp, electronics, consumer goods, chemicals, etc.). As Polypropylene Glycol is produced from petrochemicals as a feedstock hence, there is volatility in its prices according to the prices of petrochemicals. However, the major restraint for the PPG market is its association with health as well as environmental hazards. Key manufacturers of Polypropylene are now focusing to produce biobased PPG that not only brings stability in the prices but also helps in reducing carbon footprint.
The sudden outbreak of the Covid-19 pandemic impacted several industries due to the imposition of nationwide lockdowns and trade restrictions by the global economies. There was a slum in the demand for Polypropylene Glycol in the first half of 2020, as its end-use industries such as Automotive and Construction sector were among the most hit sectors amid covid crisis. Although there was a steady demand from Pharmaceuticals, Consumer Goods, and Personal Care industries for Polypropylene as these industries were functional with their full efficacy even during the pandemic. Moreover, in the latter half of 2020, after the relaxations in lockdown, there was a speedy recovery in the Construction as well as Automobile sectors along with other end-use industries which consequently improved the demand for PPG in the global market. It is anticipated that the demand for Polypropylene Glycol is likely to grow at a promising rate in the forecast period owing to its vast applications in various end-use industries. 
Region-wise, Asia-Pacific holds the major demand share of the Polypropylene Glycol market and is projected to grow significantly over the forecast period owing to the promptly emerging end-use industries such as Pharmaceuticals, Food and Beverage, Automobile and Construction in the region and likely to boost the market for Polypropylene Glycol in the forthcoming years. Moreover, urbanization and rise in per capita income along with changes in consumer preferences in emerging economies like China, India, Japan, South Korea are some other factors that are expected to fuel the market for PPG over the forecast period.
Key players in the Polypropylene Glycol industry include Mitsui Chemical, The Dow chemical Company, Kumho Petrochemical Ltd., DuPont Inc., BASF SE, Dow, AGC Inc., Ineos Group Ltd., Shell Plc., Covestro AG, Huntsman Corporation, LyondellBasell Industries N.V., Sanyo Chemical, Archer Daniels Midland Company, Jiangsu Haian Petrochemical, SKC Co., Ltd, Zhejiang Huangma, Zibo Yunchuan Chemical, Sungda Chemical and Others.
Years Considered for this Report:

Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study: 

• The primary objective of the study was to evaluate and forecast the Polypropylene Glycol capacity, production, demand, inventory, and demand–supply gap globally. 
• To categorize Polypropylene Glycol demand based on End Use, Grades, region and distribution channel
• To identify major customers of Polypropylene Glycol globally.
• To evaluate and forecast Polypropylene Glycol pricing globally.
• To identify and profile major companies operating globally Polypropylene Glycol market.
• To identify major news, deals and expansion plans globally Polypropylene Glycol market.
To extract data for Polypropylene Glycol market, primary research surveys were conducted with Polypropylene Glycol manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for Global Polypropylene Glycol market over the coming years. 
ChemAnalyst calculated Polypropylene Glycol demand globally by analyzing the historical data and demand forecast which was carried out considering the Application industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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 manufacturers and other stakeholders
• Organizations, forums and alliances related to Polypropylene Glycol 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 manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope: 
In this report, the Global Polypropylene Glycol Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market size volume in 2020
1.64 million tons
Growth Rate
CAGR of 5.25% from 2021 to 2030
Base year for estimation
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
By End Use: (Pharmaceuticals, Cosmetics and Personal Care, Food & Beverages, Building & Construction, Automotive and Others)
By Grade: (PPG-1000, PPG- 2000, PPG-3000, PPG-4000, and PPG-6000)
By Distribution Channel: (Direct/Institutional Sales, Other Channel Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Mitsui Chemical, The Dow chemical Company, Kumho Petrochemical Ltd., DuPont Inc., BASF SE, Dow, AGC Inc., Ineos Group Ltd., Shell Plc., Covestro AG, Huntsman Corporation, LyondellBasell Industries N.V., Sanyo Chemical, Archer Daniels Midland Company, Jiangsu Haian Petrochemical, SKC Co., Ltd, Zhejiang Huangma, Zibo Yunchuan Chemical, Sungda Chemical and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Frequently Asked Questions (FAQ):

Which are the different Grades of Polypropylene Glycol?

Polypropylene Glycol is segmented into different grades based on its molecular weight such as Grade PPG-1000, PPG- 2000, PPG-3000, PPG-4000 and PPG-6000. There is a variation in the applications of different grades.

What are the major applications of Polypropylene Glycol?

Polypropylene Glycol finds application as a chemical intermediate, as solvents, additives, surfactants, antifoaming agents, wetting agents, antifreeze agents, humectants, disinfectants and in the production of resins, coatings, adhesives, hydraulic fluids, dispersants in leather industry etc. 

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