Global Dipropylene Glycol Market Poised for Steady Growth

The global dipropylene glycol market is projected to reach USD 5.71 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period. This growth is primarily driven by increasing demand from the cosmetics and personal care industries, as well as its widespread application as a solvent in various industrial processes.

Competitive Landscape

The dipropylene glycol market is characterized by the presence of several key players focusing on product innovation and strategic partnerships to enhance their market share. Major companies such as Dow Chemical Company, LyondellBasell Industries, and Huntsman Corporation are investing in research and development to introduce high-purity grades of dipropylene glycol, catering to the evolving needs of end-use industries.

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Regional Demand Highlights

Asia-Pacific stands out as the leading region in terms of dipropylene glycol consumption, attributed to the rapid growth of the personal care and cosmetics sectors in countries like China and India. The region's expanding middle-class population and increasing disposable income levels are further propelling the demand for products containing dipropylene glycol.

Vietnam: Dipropylene Glycol Opportunities

Vietnam's burgeoning cosmetics industry presents significant opportunities for dipropylene glycol suppliers. The country's youthful demographic and increasing beauty consciousness have led to a surge in demand for personal care products, prompting local manufacturers to seek high-quality raw materials, including dipropylene glycol, to meet consumer expectations.

In Thailand, the dipropylene glycol market is experiencing growth due to the expanding industrial sector. The chemical industry's demand for efficient solvents has led to increased utilization of dipropylene glycol in various applications, including the production of resins and plastics.

 

Segmentation Analysis

by Grade

Industrial Grade
Cosmetics Grade

by Application

Perfumes
Plasticizers
Insecticides
Polymerization Initiator
Paints & Coatings
Others

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Key Market Participants:

1. BASF SE
2. NEI Corporation
3. The 3M Company
4. Umicore N.V.
5. Johnson Matthey
6. Targray Technologies International Inc.
7. Sumitomo Corporation
8. Toda Kogyo Corporation
9. Hitachi Chemical Energy Technology Co., Ltd.
10. Showa Denko K.K.
11. Kureha Corporation
12. Mitsubishi Chemical Corporation
13. Gravita India Ltd.
14. Mitsui Mining and Smelting Co., Ltd.
15. Pulead Technology Industry Co. Ltd.

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