The global demand for Methyl Propanediol Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Methyl Propanediol (MPD) is a colourless, low-viscosity liquid that is used as a solvent, wetting agent, and moisturizer in various industries. It is commonly used in the personal care and cosmetic industries along with the pharmaceuticals, textiles, and coatings industries.MPD is also used as a solubilizer and stabilizer in cleaning products. Due to its versatility and low toxicity, MPD is a preferred ingredient in many industrial applications.
Market Dynamics
MPD is used as a moisturizer, humectant, and solubilizer in personal care and cosmetic products. The growing demand for personal care and cosmetic products, particularly in emerging economies, is driving the demand for MPD. Growing concerns about the environmental impact of petrochemical-based MPD are driving the demand for bio-based MPD, which is produced using renewable raw materials. This trend is expected to drive the demand for MPD in the future. The expansion of the pharmaceutical industry is expected to drive the demand for MPD due to its use as a solvent and excipient in pharmaceutical products. MPD is used as a moisturizer, softener, and lubricant in performance fabrics. The growing demand for performance fabrics in the sports and outdoor apparel industries is driving the demand for MPD. MPD is used as a solubilizer and stabilizer in cleaning products. The growing demand for cleaning products, particularly in emerging economies, is driving the demand for MPD. MPD is used as a solvent and wetting agent in coatings and adhesives. The expansion of the coatings and adhesives industry, largely in emerging economies, is expected to drive the demand for MPD.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of methyl propanediol. The growth and trends of methyl propanediol industry provide a holistic approach to this study.
Market Segmentation
This section of the methyl propanediol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Plasticizer
- Adhesive
- Painting, Personal Care Products
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Methyl Propanediol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Methyl Propanediol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methyl propanediol market include Best Value Chem Private Limited, Central Drug House, DCC, Glentham Life Sciences Limited, LyondellBasell Industries, Holdings B.V., Merck KGaA, National Analytical Corporation, Parchem fine & specialty chemicals, Perstorp Holding AB, Pon Pure Chemicals Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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