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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 propylene glycol market share in United States. 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 commonly used as a food additive, solvent, and humectant in various industries. It is a colorless, odorless, and viscous liquid with a wide range of applications, including as a preservative in food and cosmetics, a solvent in pharmaceuticals and antifreeze formulations, and a moisturizer in personal care products. Propylene glycol is known for its hygroscopic properties, which help retain moisture and prevent products from drying out. It is generally recognized as safe (GRAS) by regulatory agencies when used in approved concentrations, making it a versatile and widely utilized ingredient in many consumer products.
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United States Propylene Glycol Market Trends:
The market in the United States is majorly driven by the compound’s widespread use as a food additive and ingredient in cosmetics and personal care products. Propylene glycol serves as a preservative, humectant, and solvent in various food and beverage products, cosmetics, pharmaceuticals, and toiletries, reflecting its versatility and utility across multiple industries. The growing consumer awareness of product safety and quality drives the demand for propylene glycol as a preferred ingredient in formulations. With its Generally Recognized as Safe (GRAS) status by the FDA and its approval for use in various applications, propylene glycol is perceived as a reliable and safe ingredient by consumers, further boosting its market growth. The expansion of industries such as pharmaceuticals, cosmetics, and food processing fuels the demand for propylene glycol as a key raw material. Its role in formulations such as lotions, creams, medications, and processed foods underscores its importance in meeting the evolving needs of these industries. Moreover, technological advancements and innovations in propylene glycol production processes contribute to market growth by enhancing efficiency, quality, and cost-effectiveness.
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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