Polymer Processing Aid Market Size & Growth: Regional Trends Unveiled
Propylene glycol (PG) is a clear, odorless, and slightly viscous liquid with the chemical formula C₃H₈O₂. It belongs to the group of organic compounds known as glycols and is derived from propylene oxide, which is produced from propylene, a byproduct of petroleum refining. The market research provides industry trends (Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities), propylene glycol market size , share, and outlook with expert review. Propylene Glycol Market is projected to reach USD 4.7 billion by 2024, at a CAGR of 4.4% from USD 3.8 billion in 2019. The eco-friendly production process of bio-based propylene glycol has led to the growth of the global propylene glycol market. The growing automotive industry in APAC is also driving the market as propylene glycols are widely used in engine coolants and sheet molding compounds, among others. Propylene glycol has a wide range of applications across various industries due to it...