Indonesia 1,2-Propylene Glycol Market (2024-2030) Outlook | Revenue, Share, Industry, Growth, Companies, Value, Analysis, Size, Forecast & Trends

Indonesia 12-Propylene Glycol Market Synopsis

Propylene Glycol is a colorless, odorless liquid used in various industrial and commercial applications, including food processing, detergents, cosmetics and pharmaceuticals. It also serves as an effective stabilizer for many food items such as syrups, cakes and salad dressings. Indonesia has been one of the leading producers of propylene glycol in Southeast Asia since 2013. The country produces nearly 25% of the region`s total production while it contributes around 5-6% to the global propylene glycol market.

Market Trends

In recent years, there has been an increase in demand for Propylene Glycol from industries such as packaging materials (stabilizers), personal care (emulsifiers & thickeners) and pharmaceuticals (preservatives). Additionally, some emerging trends have been observed that include rapid technological advances in renewable sources which are expected to drive growth in the market. The use of bio-based Propylene Glycol is gaining traction due to its environmentally friendly nature compared with petroleum based products. Furthermore, increasing awareness about food safety among consumers is driving them towards natural ingredients rather than synthetic ones resulting into increased usage of Propylene Glycol across various industries like beverages sector etc., further boosting overall market growth.

Market Drivers

The key drivers behind this trend are growing population along with rising per capita income coupled with changing consumer preferences towards healthy lifestyle choices such as organic foods which require preservatives like propylene glycol for their shelf life extension; thus creating opportunities for manufacturers operating within this domain across Indonesia & other parts of South East Asia Pacific Region. Increasing health consciousness amongst people has led to greater focus on dietary supplements which may contain trace amounts or greater amounts depending upon formulation making these one important source driving up demand for propane glycerol industry globally; further accentuating current scenario within Indonesia markets specifically where most players have shifted their attention towards bulk production capacities due to expanding manufacturing capabilities & easy availability at competitive rates backed by consistent government support over time.

COVID-19 Impact on the Market

The COVID-19 pandemic has had a pronounced effect on the Indonesia propylene glycol market. The demand for propylene glycol has decreased significantly due to widespread disruption in industrial production and reduced consumer spending resulting from the lockdown measures implemented across the country. Additionally, disruptions in supply chains have resulted in a decrease of imports for the feedstock required to produce propylene glycol, leading to an overall decline in output and sales revenues.

Challenges of the Market

One of the major challenges facing producers is finding alternative sources of raw materials as some suppliers have stopped trading with Indonesia due to import restrictions placed by governments due to coronavirus concerns. Additionally, producers are also struggling with rising energy costs which has added further strain on their already strained margins since they rely heavily on electricity-based processes for production. Furthermore, there is an issue of low awareness among consumers about product benefits as well as lack of availability at retail outlets which continues to hamper growth potential despite recent recovery efforts made by industry players.

Industry Key Players

Some key players operating within Indonesia Propylene Glycol market include PT Indonusa Petrokimia Gresik (IPG), PT Agung Petroleum Services & Trading (APS&T) and PT Arga Graha Abadi (AGA). These companies all specialize in producing high quality Propylene Glycol products for commercial use throughout Indonesia and beyond its borders.

Key Highlights of the Report:

• Indonesia 1,2-Propylene Glycol Market Outlook
• Market Size of Indonesia 1,2-Propylene Glycol Market, 2020
• Forecast of Indonesia 1,2-Propylene Glycol Market, 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Revenues & Volume for the Period 2023 - 2027
• Indonesia 1,2-Propylene Glycol Market Trend Evolution
• Indonesia 1,2-Propylene Glycol Market Drivers and Challenges
• Indonesia 1,2-Propylene Glycol Price Trends
• Indonesia 1,2-Propylene Glycol Porter's Five Forces
• Indonesia 1,2-Propylene Glycol Industry Life Cycle
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Product for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Industrial Grade 1,2-Propylene Glycol for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Food Grade 1,2-Propylene Glycol for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Pharmaceutical Grade 1,2-Propylene Glycol for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Application for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Unsaturated Polyester Resins (UPR) for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Functional Fluids for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Cosmetics, Pharmaceutics and Food for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia 1,2-Propylene Glycol Market Revenues & Volume By Liquid Detergents for the Period 2023 - 2027
• Indonesia 1,2-Propylene Glycol Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Indonesia 1,2-Propylene Glycol Top Companies Market Share
• Indonesia 1,2-Propylene Glycol Competitive Benchmarking By Technical and Operational Parameters
• Indonesia 1,2-Propylene Glycol Company Profiles
• Indonesia 1,2-Propylene Glycol Key Strategic Recommendations

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