The growing application in the personal care and cosmetic industry is expected to stimulate the growth of the market, states Fortune Business Insights, in a report, titled “Dipropylene Glycol (DPG) Market Size, Share & Industry Analysis, By Type (Fragrance Grade, Industrial Grade), By End-Use (Cosmetic and Fragrance, Plasticizer, Additive, Polyurethane Polyols, Unsaturated Polyester Resins (UPR), Alkyd Resin, Others) and Regional Forecast, 2020-2027.” The increasing awareness about the exceptional properties of DPG can have an outstanding effect on the market.
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Flourishing Cosmetic Industry to Bolster Growth
The increasing application of DPG in paints & coatings is expected to aid the expansion of the market. The growing demand for cosmetics, fragrance, and personal care products can have an excellent effect on the global market. The increasing use of DPG in perfume manufacturing and odor sensitive applications due to its low odor is expected to boost the growth of the market. The utilization of DPG as plasticizers, polymerization initiators, additives, and others in the chemical and polymer industries can have a positive effect on the global market in the forthcoming years. Dipropylene glycol (DPG) is a hygroscopic, colorless, odorless liquid and has moderate viscosity. It has lower volatility and is miscible in water. It shows a wider range of solvent properties than other glycols. For instance, the capability of di propylene glycol to dissolve thick oil such as castor oil makes it extremely beneficial for a broad range of applications.
However, the use of DPG can sometimes cause severe irritation to eyes and skin, which, can restrict its adoption. Moreover, the threats from alternatives like 2-Methyl-1,3-propanediol (MPO) are expected to hamper the growth of the market. However, the mixture of DLG in various chemicals lowers its toxicity, which, in turn, can uplift the market in the forthcoming years.
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List of Key Players Profiled in the Tool Steel Market Report:
- Dongbei Special Steel Group Co. Ltd
- Buderus Edelstahl GmbH
- Sandvik Eramet SA
- Nachi-Fujikoshi Corp
- Hitachi Metals, Ltd.
- SCHMOLZ + BICKENBACH
- Baosteel Group
- Tiangong International
Substantial Demand from Textile Industry to Boost Growth in Asia Pacific
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for the largest share in the global market owing to the heavy demand for plasticizer and polyurethane resins from China and India. The surging textile industry is expected to spur demand for textile lubricants, thus enabling the growth of the market in the region. North America is expected to hold a substantial growth rate due to the growing use of glycols in printing inks, perfumes, body lotions, and other products. Europe is expected to expand radically during the forecast period owing to the well-established cosmetic industry in the region. Latin America and the Middle East and Africa are expected to experience a slow growth rate during the forecast period owing to the unestablished cosmetic and textile industry in the region.
June 2018: INEOS Oxide, a UK-based chemical manufacturer announced the expansion of its Dipropylene Glycol manufacturing capacity at its manufacturing facility of Koln, Germany to meet the increasing demand for the Glycol product.
The Report Lists the Main Companies in the Dipropylene Glycol (DPG) Market:
- Manali Petrochemicals
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