Propylene Glycol Market, Opportunity, Regional Analysis, Top Impacting Factors And Covid-19 Scenario Analysis
The global Propylene Glycol Market is mainly driven by the growing demand from the food and beverage, pharmaceuticals, automotive, and cosmetics and personal care products industries, according to the latest research report from Market Research Future (MRFR). market Size was valued at USD 0.33 Billion in 2022. The Calcium Propionate industry is projected to grow from USD 0.35 Billion in 2023 to USD 0.48 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.86% during the forecast period (2023 - 2030). The impact of the COVID-19 pandemic on the global propylene glycol market is also assessed in the report. Propylene glycol is a clear, colorless, odorless, and viscous liquid and is used in various applications as a solvent, emulsifier, stabilizer, etc. it can be produced synthetically by hydrating propylene oxide as well as through the hydrogenolysis of glycerin. Propylene glycol comes in two grades: Industrial and pharmaceutical. Industrial grade propylene glycol is