From Food to Pharma: Unveiling the Varied Demand for Propylene Glycol
Propylene Glycol in the US Industry: Surging Demand and Key Player Growth In the landscape of industrial chemicals, propylene glycol has emerged as a versatile and indispensable compound with a wide array of applications. The US industry revolving around propylene glycol has experienced remarkable growth due to its diverse uses, coupled with the rise of key players in the market. This article delves into the demand for propylene glycol in the US industry and highlights the growth trajectories of key players in this dynamic sector. The 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 key market players profiled in the report include as The Dow Chemical Company (US), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midl...