Dipropylene Glycol Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Dipropylene Glycol Industry Hit Worst due to Russia-Ukraine War Impact?
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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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Dipropylene Glycol Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Dipropylene Glycol Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
The coronavirus incident has affected many industries and businesses around the world. The governments of several countries have instigated a lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
The report on the fatty acid ester market uncovers excellent insights into the market, systematic data with detailed analysis, market dynamics & aspects demonstrating development and growth, meticulous information about vital players in the market, and procured statistics about dominant regions
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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