Pharmaceutical grade propanediol is commonly used as a solvent, softener and excipient in the manufacture of various ointments and ointments.It is qualified and approved for use as an excipient in pharmaceutical applications, as it acts as a solvent and extractant for a wide range of active ingredients besides its dispersant capacity that provides equal distribution of the medicine ingredient in the formulation.
This report contains market size and forecasts of Pharmaceutical Grade Propylene Glycol in global, including the following market information:
Global Pharmaceutical Grade Propylene Glycol Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Pharmaceutical Grade Propylene Glycol Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Pharmaceutical Grade Propylene Glycol companies in 2021 (%)
The global Pharmaceutical Grade Propylene Glycol market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Petroleum-based Pharmaceutical Grade Propylene Glycol Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Pharmaceutical Grade Propylene Glycol include Dow, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF, Oelon and Sumitomo Chemical, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Pharmaceutical Grade Propylene Glycol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Pharmaceutical Grade Propylene Glycol Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Pharmaceutical Grade Propylene Glycol Market Segment Percentages, by Type, 2021 (%)
Petroleum-based Pharmaceutical Grade Propylene Glycol
Bio-based Pharmaceutical Grade Propylene Glycol
Global Pharmaceutical Grade Propylene Glycol Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Pharmaceutical Grade Propylene Glycol Market Segment Percentages, by Application, 2021 (%)
Drug
Local Anesthetic
Vitamins and Hormones
Preservatives
Vaccine
Other
Global Pharmaceutical Grade Propylene Glycol Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Pharmaceutical Grade Propylene Glycol Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Pharmaceutical Grade Propylene Glycol revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Pharmaceutical Grade Propylene Glycol revenues share in global market, 2021 (%)
Key companies Pharmaceutical Grade Propylene Glycol sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Pharmaceutical Grade Propylene Glycol sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Dow
Huntsman
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