| Product Code: ETC094900 | Publication Date: Jun 2021 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In 2024, China import shipments of 1,2-propylene glycol continued to show a trend of declining growth, with a notable decrease in the growth rate from 2023. The market remained highly concentrated, with a significant increase in the Herfindahl-Hirschman Index indicating a very high level of concentration. Key exporting countries to China such as Thailand, South Korea, USA, Saudi Arabia, and Singapore played crucial roles in supplying 1,2-propylene glycol. The negative compound annual growth rate for the period 2020-2024 reflects challenges in the market dynamics, suggesting a need for strategic adjustments in the coming years.
2-propylene glycol market
The 1, 2-Propylene Glycol market in China has experienced significant growth, driven by the compound`s widespread use in various industries, including pharmaceuticals, food and beverages, and cosmetics. The increasing demand for propylene glycol as a solvent and stabilizer in these sectors, coupled with the growth of the food and beverage industry in China, has bolstered market expansion. Moreover, the development of pharmaceutical applications and rising consumer awareness regarding product safety and quality contribute to the market`s positive outlook. Challenges include regulatory scrutiny and fluctuations in raw material prices, which can impact production costs and supply chain stability.
The China 1,2-Propylene Glycol market is driven by several factors, including the expanding demand for this compound in various end-use industries such as pharmaceuticals, food and beverages, and cosmetics. The growing awareness of the benefits of 1,2-Propylene Glycol in food preservation and personal care products supports its demand. Additionally, the rise in industrial applications, including the use of 1,2-Propylene Glycol as a solvent and anti-freeze agent, contributes to market growth. Technological advancements and increased production capacities also play a significant role in driving the market.
The China 1,2-Propylene Glycol market faces several significant challenges. One primary issue is the oversupply in the market, which has led to a decline in prices and profitability for manufacturers. Additionally, fluctuations in raw material costs, particularly propylene, affect production costs and pricing strategies. Environmental regulations are becoming stricter, which impacts the production processes and increases compliance costs. The market also contends with competition from alternative products and the growing emphasis on sustainability, pushing for greener production methods.
The Chinese government has been actively involved in regulating the 1, 2-Propylene Glycol market through various environmental and industrial policies. Emphasis has been placed on ensuring that production processes adhere to stringent environmental standards to minimize pollution. Regulations also focus on the safety and quality of 1, 2-Propylene Glycol used in pharmaceuticals and food products, reflecting China`s broader commitment to public health and safety.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China 1,2-Propylene Glycol Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China 1,2-Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 China 1,2-Propylene Glycol Market - Industry Life Cycle |
3.4 China 1,2-Propylene Glycol Market - Porter's Five Forces |
3.5 China 1,2-Propylene Glycol Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 China 1,2-Propylene Glycol Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 China 1,2-Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for 1,2-propylene glycol in the food and beverage industry for applications such as flavorings, preservatives, and humectants. |
4.2.2 Increasing use of 1,2-propylene glycol in the pharmaceutical industry for producing medications, ointments, and oral solutions. |
4.2.3 Rising awareness about the benefits of 1,2-propylene glycol in personal care products like cosmetics, skincare, and hair care items. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of 1,2-propylene glycol impacting the overall cost of manufacturing. |
4.3.2 Stringent regulatory requirements and standards for the usage of 1,2-propylene glycol in different industries affecting market growth. |
4.3.3 Competition from alternative chemicals and substitutes posing a challenge to the market penetration of 1,2-propylene glycol. |
5 China 1,2-Propylene Glycol Market Trends |
6 China 1,2-Propylene Glycol Market, By Types |
6.1 China 1,2-Propylene Glycol Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 China 1,2-Propylene Glycol Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 China 1,2-Propylene Glycol Market Revenues & Volume, By Industrial Grade 1,2-Propylene Glycol, 2021-2031F |
6.1.4 China 1,2-Propylene Glycol Market Revenues & Volume, By Food Grade 1,2-Propylene Glycol, 2021-2031F |
6.1.5 China 1,2-Propylene Glycol Market Revenues & Volume, By Pharmaceutical Grade 1,2-Propylene Glycol, 2021-2031F |
6.2 China 1,2-Propylene Glycol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 China 1,2-Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins (UPR), 2021-2031F |
6.2.3 China 1,2-Propylene Glycol Market Revenues & Volume, By Functional Fluids, 2021-2031F |
6.2.4 China 1,2-Propylene Glycol Market Revenues & Volume, By Cosmetics, Pharmaceutics and Food, 2021-2031F |
6.2.5 China 1,2-Propylene Glycol Market Revenues & Volume, By Liquid Detergents, 2021-2031F |
7 China 1,2-Propylene Glycol Market Import-Export Trade Statistics |
7.1 China 1,2-Propylene Glycol Market Export to Major Countries |
7.2 China 1,2-Propylene Glycol Market Imports from Major Countries |
8 China 1,2-Propylene Glycol Market Key Performance Indicators |
8.1 Adoption rate of 1,2-propylene glycol in new product formulations across industries. |
8.2 Number of research studies and publications highlighting the benefits and applications of 1,2-propylene glycol. |
8.3 Percentage of market share held by China in the global 1,2-propylene glycol market. |
9 China 1,2-Propylene Glycol Market - Opportunity Assessment |
9.1 China 1,2-Propylene Glycol Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 China 1,2-Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 China 1,2-Propylene Glycol Market - Competitive Landscape |
10.1 China 1,2-Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 China 1,2-Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |