Japan Propylene Glycol (PG) Market was valued at USD 0.7 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
In Japan, the propylene glycol (PG) market is segmented based on its diverse applications across various industries. The largest application of propylene glycol is in the food and beverage industry, where it serves as a food additive. It is widely used as a solvent for flavors and colors, enhancing the stability and solubility of various ingredients. Additionally, propylene glycol functions as a humectant, which helps retain moisture in food products, thus extending their shelf life. The demand for PG in this sector is driven by the growing food and beverage industry in Japan, which is characterized by high standards for quality and safety.
Another significant application of propylene glycol is in the pharmaceutical industry. PG is utilized as a solvent in the formulation of various medications, including oral, injectable, and topical drugs. Its properties as a carrier for active ingredients and its role in improving the solubility of certain drugs make it a valuable component in pharmaceuticals. The rising demand for pharmaceuticals in Japan, coupled with increasing healthcare needs, contributes to the growth of PG usage in this sector. This application ensures that medications are effectively delivered to patients, meeting the rigorous standards of the healthcare industry.
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Dow
Huntsman
DuPont (Tate Lyle )
ADM
Polioles
Lyondell Basell Industries
Repsol
BASF
Oelon
Sumitomo Chemical
Asahi
ADEKA
SKC
Shell
Shandong Shida Shenghua Chemical
Tongling Jintai Chemical
CNOOC and Shell Petrochemicals
Hi-tech Spring Chemical
Daze Group
Shandong Depu Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Propylene Glycol (PG) Market
UPR
PPG
Pharmaceuticals and Food
Others
Based on Types the Market is categorized into Below types that held the largest Propylene Glycol (PG) market share In 2023.
Industrial Grade
Food Grade
Pharmaceutical Grade
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan Propylene Glycol (PG) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Propylene Glycol (PG) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Propylene Glycol (PG) Market, By Type
6. Japan Propylene Glycol (PG) Market, By Application
7. Japan Propylene Glycol (PG) Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Propylene Glycol (PG) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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