United States Propylene Glycol Market Trends 2024, Industry Growth, Forecast Report By 2032

The latest report by IMARC Group, titled “United States Propylene Glycol Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the United States propylene glycol market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The United States propylene glycol market size is projected to exhibit a growth rate (CAGR) of 5.20% during 2024-2032. 

United States Propylene Glycol Market Overview:

Propylene glycol is a synthetic organic compound that is widely used as a food additive. It is a colorless, odorless, and tasteless liquid that possesses hygroscopic properties as it absorbs water from the air. Due to its versatile properties, propylene glycol finds applications in various industries, ranging from food and beverage to pharmaceuticals and cosmetics. In the food industry, it is commonly used as a food additive to maintain moisture in food products, act as a solvent for food colors and flavors and as a carrier in flavor formulations. Its non-toxic nature makes it safe for use in food and drink products, adhering to the guidelines set by food safety authorities. Additionally, in the cosmetic and personal care industry, propylene glycol is utilized for its moisture-retaining properties. It is found in products such as moisturizers, hand sanitizers, and hair care products, enhancing their texture and application.

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United States Propylene Glycol Market Trends:

The extensive application of propylene glycol across various industries is driving the market in the United States. In the pharmaceutical sector, it is used as a solvent and carrier in oral, injectable, and topical formulations. Its non-toxic nature makes it a preferred choice in food and beverage industries as a food additive, where it is used to maintain moisture and flavor. Moreover, the rising demand in the automotive industry further supports the market. Propylene glycol is a key component in engine coolants and antifreeze formulations due to its excellent freezing point depression and boiling point elevation properties. Besides, the burgeoning personal care and cosmetics industry also plays a crucial role in driving the market. Propylene glycol is widely used in cosmetics as a humectant and emulsifier. Its ability to enhance the texture and stability of products makes it a staple ingredient in lotions, creams, and shampoos.

United States Propylene Glycol Market Segmentation:

Source Insights:

  • Petroleum-based
  • Bio-based

Application Insights:

  • Unsaturated Polyester Resins
  • Antifreeze and Functional Fluids
  • Food, Drug, and Cosmetics
  • Liquid Detergent
  • Paints and Coatings
  • Others

End Use Industry Insights:

  • Transportation
  • Building and Construction
  • Food and Beverage
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Others

Regional Insights:

  • Northeast
  • Midwest
  • South
  • West

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape.

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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