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, 2024-2032

Region :Global | Report ID: FBI103145 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Dipropylene glycol (DPG) is a hygroscopic, colorless, odorless liquid and has moderate viscosity. It has comparatively lower volatility and is totally miscible in water. It shows a wider range of solvent properties amongst other glycols. For instance, the capability of dipropylene glycol to dissolve oil like castor oil makes it extremely beneficial for a broad range of applications. The dipropylene glycol include regular grade and a high purity grade type having little odor. Dipropylene glycol is used as a plasticizer, solvent, intermediate in commercial chemical reactions, and polymerization chain initiator. Its low toxicity and high solubility make it an ultimate additive for perfumes and personal care products like skin and hair care products. Also, it is a commonly used ingredient in business fog fluid, used in entertainment and film industry fog machines. The implementation of regular category dipropylene glycol contain urethanes, paints & coatings whereas the main applications of high purity category of dipropylene glycol comprise cosmetics, fragrance, and personal care. The increasing demand from all such purposes is expected to boost the global dipropylene glycol market.

The increasing applications in the personal care and cosmetics industries due to the low toxicity and high solubility of DPG are likely to drive the market. For instance, the increasing use of DPG in perfume manufacturing and odor sensitive applications due to its low odor is creating hype in the market. The use of DPG as plasticizer, polymerization initiator, additive, plasticizer and other in the chemical and polymer industries is creating positive impact on the market growth.

Key Market Driver -

Exceptional properties like low toxicity, solubility, and minimum odor.

Key Market Restraint -

Side effects of dipropylene glycol.

However, DPG is an active skin and eye irritant which can sometimes cause irritation. Additionally, threats from alternatives like 2-Methyl-1,3-propanediol (MPO) is likely to hinder the market growth. But, the lower toxicity and rising applications of DPG shall generate opportunities for the market growth.

Market Segmentation:

Based on type, the dipropylene glycol (DPG) market is segmented into fragrance and industrial grade DPG. Based on end-use, the market is segmented into cosmetic & fragrance, plasticizer, additive, polyurethane polyols, unsaturated polyester resins (UPR), alkyd resin, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global dipropylene glycol (DPG) market consists of global & regional players operating. Some of the key players in the market includes Manali Petrochemicals, BASF, LyondellBasell, Huntsman, Shell, INEOS, Dow, Sumitomo, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Dipropylene Glycol market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Dipropylene Glycol (DPG) Industry

Regional Analysis:

The dipropylene glycol (DPG) market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to dominate the market for dipropylene glycol attributed to the high demand for plasticizer and polyurethane resins from China and India. Moreover, the growing textile industry is increasing the demand for textile lubricants substantially increasing the demand for DPG. North America and Europe is expected to grow significantly due to the increasing use of glycols in printing inks, perfumes, body lotions, and other products. Latin America and Middle East and Africa are expected to show sluggish growth by the end of the forecast period.

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Dipropylene Glycol (DPG) Market Segmentation

ATTRIBUTE	DETAILS
By Type	Fragrance Grade Industrial Grade
By End-Use	Cosmetic and Fragrance Plasticizer Additive Polyurethane Polyols Unsaturated Polyester Resins (UPR) Alkyd Resin Others
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (Saudi Arabia and Rest of Middle East & Africa)

Dipropylene Glycol Industry Developments

In June 2018, INEOS Oxide a UK based chemical manufacturer expanded its Dipropylene Glycol manufacturing capacity at its manufacturing facility of Koln, Germany to meet the increasing demand for the Glycol product.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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