#Propylene Oxide Market Demand

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Propylene Oxide Market Resilience: Adapting to Changing Regulatory Landscapes

Propylene, also known as propene, is an unsaturated organic compound with the chemical formula C3H6. It serves as a basic petrochemical raw material and is mainly used to produce polypropylene and propylene oxide. Polypropylene is a highly durable yet lightweight plastic used in a wide range of applications such as packaging, textiles, stationery, automotive and construction materials.

The global propylene market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Rising polypropylene demand represents a major opportunity for the propylene oxide market. Asia Pacific is witnessing robust growth in the polypropylene market owing to increased consumption in packaging, automotive, and construction industries. China alone accounts for over 40% of global polypropylene demand. The country's 13th Five-Year Plan focuses on increasing investment in transportation and rural infrastructure development which will strengthen the polypropylene market. India also promises strong polypropylene demand on account of rapid urbanization, rising disposable incomes, and growth in end-use industries. As polypropylene is the primary derivative of propylene, its surging demand across developing economies will propel the propylene market forward during the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants in the propylene market is low due to the high costs associated with production facilities and infrastructure. Established players who have access to raw materials and distribution networks have significant advantages over new players. Bargaining power of buyers: The bargaining power of buyers in the propylene market is high. Buyers have high bargaining power due to the availability of substitute products and undifferentiated nature of propylene. Buyers can easily switch between suppliers based on price and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are few major suppliers of raw materials for propylene production, suppliers still depend on established players for off-take agreements. Supplier switching costs are also moderate. Threat of new substitutes: The threat of substitutes is low to moderate. While functionally similar chemicals can be used as substitutes for some applications of propylene, limitations in terms properties restrict broad substitution. Established application areas remain hard to substitute. Competitive rivalry: The competitive rivalry in the global propylene market is high due to the presence of numerous domestic and international players competing for market share. Players compete based on capabilities, product quality, and price. SWOT Analysis Strengths: Propylene has diverse applications and is a basic petrochemical with growing demand. Leading players have access to raw materials and economies of scale. Weaknesses: Propylene production is capital intensive and vulnerable to fluctuations in crude oil/natural gas prices. Environmental regulations regarding emissions are increasing production costs. Opportunities: Rising polymer demand from packaging and construction industries in Asia present an opportunity. Technologies to produce propylene as a byproduct of ethanol provide new opportunities. Threats: Overcapacity can lead to pricing pressures. Strict environmental norms regarding air pollution are a challenge. Substitution threat from alternative chemicals is mounting. Key Takeaways The global propylene market is expected to witness high growth in the coming years. The global propylene market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027.

Rapid industrialization and infrastructural development are driving growth in Asia Pacific. China dominates global propylene demand and capacity additions. The Chinese government is investing heavily in propylene cracker projects to fulfill domestic demand. North America and Europe account for over 30% share of global propylene consumption led by demand from polymer industries. They are mature markets with stable growth. However, future capacity additions are planned in the Middle East and Asia Pacific regions to leverage low feedstock costs. Key players: Key players operating in the propylene market are Dow Chemical, ExxonMobil, LyondellBasell, SABIC, and BASF. These major players have integrated production facilities and long term offtake agreements with buyers to maintain consistent supply.

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Propylene Oxide Market Impact: Environmental and Regulatory Considerations

Propylene oxide is an important organic chemical used as an intermediate in the production of polyether polyols, which are used to manufacture polyurethane foams. It is commonly used in products such as furniture upholstery, insulation for pipes, buildings and vehicles, bedding, carpet underlay, children's items, packaging, and more.

The global propylene oxide market is estimated to be valued at US$ 16,852.2 Mn or Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The global propylene oxide market is witnessing substantial growth owing to the rising demand for polyether polyols from various industries such as construction, automotive, and furniture. According to statistics published by American Chemistry Council, the production of polyurethane foam in North America increased from 9.4 million tons in 2016 to 9.8 million tons in 2019, growing at a CAGR of 1.2% during the period. Moreover, propylene oxide is also used in other applications such as solvents, chemical intermediates, and hydrophilic polyether polyols. Expansion of end-use industries globally is expected to fuel the demand for propylene oxide during the forecast period. However, the availability of substitutes such as propylene glycol may hamper market growth over the forecast period. SWOT Analysis Strength: Propylene oxide is used for producing various industrial and consumer goods with three leading end-use industries being construction chemicals, automotive, and textiles. It is a versatile chemical having good reactivity and water solubility allowing its wide application. Production of propylene oxide from propylene is relatively easier and more economical than other production processes. Weakness: Propylene oxide is highly flammable in nature bringing safety concerns during production, handling, transportation and storage. Stringent regulations over exhaust emissions and disposal of hazardous by-products increase production costs. Dependence on crude oil prices for obtaining raw materials represents a threat.

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Propylene Prices, News, Trend, Graph, Chart, Monitor and Forecast

The global propylene market plays a crucial role in the petrochemical industry, influencing a wide range of downstream products such as polypropylene, acrylonitrile, propylene oxide, and cumene. Over the past few years, propylene prices have experienced significant fluctuations due to various economic, geopolitical, and supply chain factors. The market dynamics are primarily driven by crude oil prices, production capacities, demand from end-use industries, and global trade policies. As an essential feedstock in the chemical sector, propylene prices are closely tied to refinery operations, cracker margins, and global energy trends. The demand for propylene is largely dictated by the growth of industries such as packaging, automotive, construction, and textiles, where polypropylene and other derivatives are extensively used.

One of the primary influences on propylene pricing is the cost of crude oil and natural gas, as both are key sources of propylene production through steam cracking and fluid catalytic cracking (FCC). Crude oil price fluctuations directly impact the cost of production, making the propylene market highly sensitive to energy market trends. The geopolitical landscape, including conflicts in oil-producing regions and OPEC+ production policies, further contributes to price volatility. Additionally, the global economic environment, including inflation rates, interest rates, and industrial output, plays a significant role in shaping the pricing trends of propylene. During periods of economic growth, demand for consumer goods and infrastructure development surges, leading to higher consumption of propylene derivatives, which in turn drives prices upward.

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The supply side of the propylene market is influenced by production capacities, refinery operations, and unplanned shutdowns. Many countries with large petrochemical hubs, such as the United States, China, and the Middle East, continuously invest in expanding their production capacities to meet the rising demand. However, supply chain disruptions caused by factors such as extreme weather events, transportation bottlenecks, or regulatory restrictions can lead to short-term price spikes. The shift toward sustainability and the increasing focus on bio-based and recycled propylene also impact market dynamics, as companies invest in greener alternatives to reduce their carbon footprint. Regulations regarding emissions and plastic waste management further shape the production strategies of key players in the market.

The Asia-Pacific region remains a dominant force in the propylene market, driven by strong industrial growth, rising consumer demand, and expanding manufacturing capacities. China, in particular, plays a significant role in global propylene pricing due to its massive refining and petrochemical sector. The country's strategic investments in integrated refinery-petrochemical complexes ensure a steady supply of propylene, impacting regional and global price trends. Other Asian countries such as India, South Korea, and Japan also contribute to the dynamic pricing landscape, with demand from packaging, automotive, and construction industries driving consumption. The region's reliance on imported crude oil makes it susceptible to external market shocks, further adding to the price volatility.

North America is another key player in the propylene market, with the United States leading the production due to its abundant shale gas reserves. The rise of propane dehydrogenation (PDH) plants has significantly altered the supply structure, making the region more self-sufficient in propylene production. The advantage of low-cost feedstocks from shale gas has provided a competitive edge to North American producers, helping them expand their footprint in the global market. However, weather-related disruptions such as hurricanes affecting Gulf Coast refineries can lead to supply constraints and price spikes. The region's strong demand for polypropylene in packaging, automotive components, and consumer goods continues to support propylene price stability, despite occasional fluctuations due to external factors.

In Europe, the propylene market is influenced by refinery operations, energy policies, and regulatory frameworks. The region's emphasis on sustainability and circular economy initiatives has led to increased investments in bio-based and recycled propylene. However, high energy costs and dependence on imported crude oil pose challenges for European producers, making the market susceptible to price fluctuations. The ongoing transition toward greener alternatives, coupled with stringent environmental regulations, affects the operational strategies of refineries and petrochemical plants. Additionally, trade relations with key suppliers such as the Middle East and Russia impact supply security and pricing trends in the region.

The Middle East, known for its abundant hydrocarbon resources, is a major supplier of propylene and its derivatives to global markets. Countries such as Saudi Arabia, the UAE, and Iran benefit from low production costs and integrated refining-petrochemical complexes, allowing them to maintain competitive pricing. The region's strategic focus on expanding petrochemical capacities to diversify away from crude oil exports has bolstered its position in the global propylene market. However, geopolitical tensions and trade sanctions can create supply disruptions, leading to price fluctuations. The region's growing investments in downstream industries, including polypropylene production, further shape market dynamics.

Latin America and Africa also contribute to the global propylene market, albeit at a smaller scale compared to other regions. Brazil, Mexico, and Argentina have notable petrochemical industries that influence regional pricing trends. However, economic instability, regulatory challenges, and limited refining capacities often impact supply consistency. In Africa, emerging industrialization and infrastructure development are driving demand for propylene-based products, though supply constraints and logistical challenges remain key concerns for market participants. Both regions have potential for growth, especially with increasing foreign investments in refining and petrochemical projects.

The future outlook for propylene prices remains closely tied to energy market trends, technological advancements, and sustainability initiatives. The growing adoption of propane dehydrogenation technology is expected to enhance supply security and stabilize prices in key markets. Additionally, the increasing emphasis on circular economy principles and recycling initiatives will play a role in shaping production strategies. As industries continue to shift toward sustainable materials and bio-based alternatives, the propylene market is likely to witness structural transformations. While short-term price fluctuations are inevitable due to geopolitical and economic uncertainties, the long-term trajectory is expected to align with global industrial growth and evolving consumer preferences.

Market participants, including producers, traders, and end-users, must closely monitor key factors such as crude oil prices, supply chain dynamics, and regulatory developments to make informed decisions. The integration of digital technologies and data analytics in supply chain management is also expected to enhance market efficiency, reducing the impact of unexpected disruptions. With the continued expansion of production capacities and the rise of sustainable alternatives, the global propylene market is poised for dynamic changes, offering opportunities for stakeholders across the value chain.

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Acrylonitrile Market Trends, Growth Drivers, and Future Outlook, 2024-2031

Acrylonitrile, a versatile compound widely used in the production of synthetic fibers, plastics, and elastomers, plays a pivotal role in various industries, from automotive to textiles. According to a recent market research report by SkyQuest Technology, the global acrylonitrile market is set to grow substantially, reaching a market size of USD 22.68 billion by 2030, expanding at a CAGR of 5.14% from 2023 to 2030. The increasing demand for acrylonitrile-based products across diverse end-use industries, along with advancements in manufacturing processes, are driving this growth.

Key Market Drivers

Several factors are contributing to the rapid expansion of the acrylonitrile market:

Demand in Automotive and Textile Industries Acrylonitrile is widely used in the production of carbon fibers and synthetic fibers. The growing automotive industry, which increasingly demands lightweight and high-strength materials, along with the flourishing textile industry, significantly boosts the demand for acrylonitrile.

Rise in Demand for ABS Plastics Acrylonitrile-butadiene-styrene (ABS) plastics, known for their durability and heat resistance, are used in various applications, including electronics, automotive, and consumer goods. The rising demand for ABS plastics in these sectors is a major factor driving the acrylonitrile market.

Growth of the Electronics Sector The increasing adoption of acrylonitrile derivatives in the electronics sector, specifically for applications in the production of components like casings and housing, continues to contribute to the market’s growth.

Environmental Regulations and Sustainability With an increasing global focus on sustainability, companies are shifting towards greener manufacturing practices. Innovations aimed at reducing the environmental impact of acrylonitrile production, such as new catalysts and energy-efficient processes, are enhancing market opportunities.

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Acrylonitrile Market Segmentation

The acrylonitrile market is divided based on application, production process, and region. Each segment contributes to the overall growth and development of the market.

By Application

ABS Plastics: This is the largest segment, with acrylonitrile used as a key raw material in producing ABS plastics, a widely adopted polymer across multiple industries, especially automotive and electronics.

Acrylic Fibers: Acrylonitrile is a primary component in the production of acrylic fibers, which are used in textiles, carpets, and upholstery.

Adiponitrile: This segment includes the use of acrylonitrile in manufacturing adiponitrile, which is essential for producing nylon 6,6.

Other Applications: Acrylonitrile is also used in the production of nitrile rubber, which is important in automotive, medical, and industrial applications.

By Production Process

Ammonia-Oxidation Process: The dominant process used for acrylonitrile production, involving the reaction of ammonia, propylene, and air to produce acrylonitrile.

Propylene-Oxidation Process: This process is gaining popularity due to its higher yields and more efficient energy consumption.

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Regional Insights: Global Trends and Opportunities

The acrylonitrile market is geographically diverse, with demand fluctuating based on industrial needs, economic factors, and regional production capabilities.

Asia-Pacific (APAC): Dominates the global acrylonitrile market, driven by strong industrial growth in countries like China, India, and Japan. The region is the largest consumer and producer of acrylonitrile, primarily driven by the textile, automotive, and electronics sectors.

North America: The demand for acrylonitrile in the U.S. and Canada is driven by the expanding automotive and electronics industries. The region is also witnessing advancements in production technologies, further boosting market growth.

Europe: Europe is a significant market for acrylonitrile, with countries like Germany, France, and the UK leading the charge. The growing automotive and chemical industries, coupled with stricter environmental regulations, are encouraging innovation in production processes.

Latin America & the Middle East: The markets in these regions are experiencing steady growth due to industrial expansion and increased production capacities in chemical manufacturing.

Leading Players in the Acrylonitrile Market

Several global and regional companies have established themselves as key players in the acrylonitrile market. These companies are driving innovation, enhancing production processes, and expanding their market share. Some of the top players in the acrylonitrile market include:

China National Petroleum Corporation (CNPC)

LG Chem

SABIC

Mitsubishi Chemical Corporation

The Dow Chemical Company

Reliance Industries Limited

INOVYN (Solvay Group)

LyondellBasell Industries

INEOS Group

Formosa Plastics Corporation

These companies focus on expanding their production capacities, improving operational efficiencies, and integrating sustainable practices to remain competitive in the global market.

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Emerging Trends in the Acrylonitrile Market

Sustainable Manufacturing Practices As global sustainability becomes more of a priority, the acrylonitrile market is witnessing a shift toward greener and more energy-efficient production methods. The development of new catalysts and processes is enabling more environmentally friendly production methods.

Increased Demand for Bio-Based Acrylonitrile With an increasing focus on renewable materials, bio-based acrylonitrile is becoming an emerging trend. This process involves deriving acrylonitrile from biomass or waste materials, offering a more sustainable solution compared to traditional methods.

Technological Advancements in Production Companies are investing in state-of-the-art technologies to enhance production efficiencies, improve yields, and reduce energy consumption. The adoption of advanced catalysts and optimization techniques is expected to boost production capabilities.

Expansion of the Automotive and Electronics Sectors The continued growth of the automotive and electronics industries is anticipated to further drive demand for acrylonitrile-based products, particularly ABS plastics and carbon fibers.

Future Prospects of the Acrylonitrile Market

The acrylonitrile market is positioned for steady growth in the coming years, thanks to its essential role in numerous industries, including automotive, textiles, and chemicals. With a growing focus on sustainability, technological advancements, and the expansion of production capabilities, the market is expected to thrive.

As demand for high-performance materials such as ABS plastics and carbon fibers continues to rise, companies in the acrylonitrile space will need to focus on innovation and sustainable practices to maintain their competitive edge.

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Detailed Report on Indoor Distributed Antenna System Market | BIS Research 

An Indoor Distributed Antenna System (iDAS) is a network of spatially separated antennas installed throughout a building to enhance wireless coverage and ensure strong signal strength.

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Indoor Distributed Antenna System  Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

The Indoor Distributed Antenna System Market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Indoor Distributed Antenna System Overview  

Indoor Distributed Antenna System , also known as propane dehydrogenation (PDH), is a key industrial process used to convert propane (C₃H₈) into propylene (C₃H₆), an essential building block in the petrochemical industry. Propylene is a vital raw material in the production of polypropylene plastics, acrylonitrile, propylene oxide, and other chemicals.

Several Main Components included are as follows 

Signal Source 

Head End Unit 

Distribution System 

Remote Antennas 

Indoor Distributed Antenna System Working  

Signal Reception - The iDAS first receives an outdoor signal from a cell tower or other signal source, such as a base station.

Signal Processing- The signal is sent to a central control hub or head-end unit where it is amplified and optimized.

Signal Distribution- Once processed, the signal is transmitted over a network of cables to remote antennas strategically placed throughout the building.

Signal Radiation- The distributed antennas rebroadcast the signal, creating a uniform coverage area inside the building, ensuring strong wireless reception.

Benefits for Indoor Distributed Antenna System Market 

Enhanced Coverage - One of the primary benefits of iDAS is improved coverage in indoor environments, especially in areas that are notoriously difficult for wireless signals to penetrate, like basements, underground parking lots, and dense urban structures.

Capacity Optimization - iDAS systems also help balance the load on the network by distributing signals more evenly across antennas. 

Multi Carrier Support - iDAS can support multiple wireless carriers simultaneously, making it ideal for venues where different users rely on various service provider

Scalability - iDAS systems can be scaled to meet the needs of the building or facility. As more space or users require connectivity, the system can be expanded with additional antennas or amplifiers.

Improved Data Speed and Call Quality - By providing a stronger and more reliable signal, iDAS enhances data speeds, reduces latency, and improves the quality of voice calls indoors. 

Energy Efficiency- iDAS reduces the energy consumption of mobile devices because they don’t need to work as hard to maintain a strong signal.

Grab a look at the report page click here ! 

Market Segmentation 

1 By Application Type 

2 By Solution Type 

3 By Distributed System Type 

4 By Business Model 

5 By User Facility 

6 By Signal Source 

7 By Region 

Demand - Drivers and Limitations

Following are the demand drivers for the indoor DAS market:

•    Increasing Mobile Data Traffic •    Growing Need for Enhanced Cellular Capacity in Public Venues •    Increasing Need for Improved Coverage in Buildings •    Growing Demand for Enterprise Mobility

Following are the limitations for the indoor DAS market:

•    Design and Deployment of Indoor Distributed Antenna Systems •    Complexities Associated with Upgradation of Existing DAS Deployments

Have a look at the free sample click here ! 

Key Companies 

CommScope Inc.

Comba Telecom Systems Holdings Limited

Corning Incorporated

Zinwave

and many others 

Recent Developments in the Indoor DAS Market

• In November 2021, JMA Wireless and Kyocera Corporation announced an agreement to jointly develop a 5G millimeter-wave backhaul system. • In August 2021, SOLiD was selected by BAI Communications to provide DAS solutions in the London Underground. • In July 2021, Comba Telecom Systems Holdings Limited successfully deployed its ComFlex Pro solution for helping 3 Hong Kong, a mobile network operator, with the expansion and deepening of its 5G indoor network coverage. • In October 2020, Comba Telecom Systems Holdings Limited started various open-radio access network (O-RAN) technology validation and trials with leading operators across the regions of Europe, Asia-Pacific (APAC), Middle East and North Africa (MENA), Australia, and more.

Visit our Next Generation Fuel/ Energy Storage Solutions 

Conclusion

Indoor Distributed Antenna Systems (iDAS) play a vital role in ensuring robust and reliable wireless communication in indoor environments where traditional signals often falter. From office buildings and hospitals to public venues and educational institutions, iDAS enhances connectivity, improves network performance, and supports a seamless user experience, making it an indispensable solution in today's hyper-connected world. 

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The Polyols and Polyurethane Market is projected to grow from USD 18393 million in 2024 to an estimated USD 28227.48 million by 2032, with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032.The polyols and polyurethane market is a rapidly growing segment of the global chemicals industry, with widespread applications across industries such as construction, automotive, furniture, and footwear. Polyurethane, a versatile polymer formed from the reaction of polyols with diisocyanates, offers a unique combination of flexibility, durability, and chemical resistance. Its wide-ranging utility, coupled with the increasing emphasis on sustainable materials, is driving growth in the market.

Browse the full report at  https://www.credenceresearch.com/report/polyols-and-polyurethane-market

Understanding Polyols and Polyurethane

Polyols are key raw materials in the production of polyurethanes. They can be classified into two main types:

1. Polyether polyols: These are produced by polymerizing ethylene or propylene oxides with initiators such as glycerin. They are widely used in flexible foam applications. 2. Polyester polyols: Derived from esters, these polyols are typically used in the production of rigid foams and elastomers, offering higher mechanical strength and thermal stability.

Polyurethane itself is produced by the reaction between polyols and diisocyanates. It can be formed into flexible foams, rigid foams, elastomers, coatings, adhesives, and sealants, among other forms. Due to its versatility, polyurethane is a crucial component in the construction, automotive, electronics, and packaging industries.

Market Dynamics

The global polyols and polyurethane market has experienced substantial growth over the past decade. Several factors contribute to this expansion:

1. Rising Demand in Construction: Polyurethane is widely used in the construction industry, particularly in insulation materials. Its lightweight properties and superior thermal insulation contribute to energy efficiency, driving its demand in green buildings and energy-saving projects.

2. Automotive Applications: Polyurethane's lightweight and durable nature makes it ideal for automotive applications, including seating, interiors, and insulation. The automotive industry's growing focus on reducing vehicle weight to improve fuel efficiency has bolstered the demand for polyurethane components.

3. Sustainability Concerns: With growing awareness of environmental sustainability, there is an increasing shift towards bio-based polyols. These are derived from renewable resources such as vegetable oils, and their use in the production of polyurethane aligns with global sustainability goals. Companies are investing in developing eco-friendly, low-VOC (volatile organic compounds) polyurethanes, further driving market growth.

4. Advancements in Technology: Innovations in polyurethane production, such as the development of high-performance foams and coatings, are contributing to its widespread adoption across industries. New formulations offering improved fire resistance, chemical stability, and enhanced durability are creating new opportunities for market expansion.

Challenges Facing the Market

Despite the strong growth prospects, the polyols and polyurethane market faces several challenges. One of the major issues is the **fluctuating prices of raw materials**. Polyurethane production relies heavily on petrochemical derivatives like diisocyanates and polyols, whose prices are linked to crude oil. Volatile oil prices can lead to uncertainty and cost pressures for manufacturers.

Additionally, environmental concerns related to the disposal of polyurethane products, especially foams, are pushing the industry to innovate in the area of recyclability and waste reduction. Many traditional polyurethane products are not easily recyclable, which has led to increased research in biodegradable alternatives or more efficient recycling processes.

Future Outlook

The future of the polyols and polyurethane market looks promising, with increasing demand for energy-efficient materials and lightweight products across industries. The shift towards bio-based polyols and the development of **recyclable polyurethane products** will shape the industry's future, aligning with global sustainability goals.

Key Player Analysis:

BASF

Bayer

Covestro

DIC Corporation

Dow

Evonik

Huntsman

INEOS

LyondellBasell

Mitsubishi Chemical

Mitsui Chemicals

Momentive Performance Materials

Sumitomo Chemical

Toray Industries

Wanhua Chemical

Segmentation:

By Product

Polyether Polyols

Polyester Polyols

 By Application

Flexible Foams

Rigid Foams

Coatings

Adhesives and Sealants

Elastomers

By End-User Industry

Furniture and Interiors

Construction

Electronics

Automotive

Footwear

Packaging

Industrial Insulation

Others

By Manufacturing Process 

Batch Process

Continuous Process

Other Processes

By Region

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Browse the full report at  https://www.credenceresearch.com/report/polyols-and-polyurethane-market

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The 1,4-Butanediol Industry: Trends, Challenges, and Future Outlook 

1,4-Butanediol (BDO) is a vital chemical compound with diverse applications across multiple industries, including plastics, textiles, and pharmaceuticals. As a versatile intermediate, BDO serves as a building block for various polymers and solvents, making it essential in the manufacturing of products like polybutylene terephthalate (PBT), tetrahydrofuran (THF), and gamma-butyrolactone (GBL). This blog explores the current state of the 1,4-butanediol industry, its market dynamics, growth prospects, and challenges. 

Market Overview 

The 1,4-butanediol market is projected to experience a compound annual growth rate (CAGR) of over 3% throughout the forecast period. The global 1,4-butanediol market has witnessed substantial growth, driven by the increasing demand for polymers and plastics in various applications. According to market research, the 1,4-butanediol market is projected to expand at a significant CAGR over the coming years, reflecting the rising consumption of BDO in key sectors such as automotive, electronics, and textiles. 

Key Drivers of Growth 

Rising Demand for Bio-based Products: The shift toward sustainable and bio-based products is boosting the demand for BDO derived from renewable resources. The development of bio-based BDO production processes is gaining traction, as manufacturers seek to reduce their carbon footprint and meet consumer preferences for sustainable products. 

Increasing Application Scope: The versatility of BDO has led to its growing use in various applications. In the automotive sector, BDO is used in producing high-performance materials that enhance vehicle efficiency and reduce weight. In textiles, it serves as a key component in producing elastic fibers and fabrics, further driving market growth. 

Technological Advancements: Innovations in production technologies are improving the efficiency of BDO manufacturing processes. Companies are investing in research and development to enhance production yields and reduce operational costs, contributing to market expansion. 

Challenges Facing the Industry 

Despite its growth potential, the 1,4-butanediol market faces several challenges: 

Volatility in Raw Material Prices: The fluctuating prices of raw materials, such as propylene oxide and acetylene, can impact the production cost of BDO. This volatility may affect profit margins for manufacturers and hinder market growth. 

Environmental Regulations: Stricter environmental regulations regarding chemical production and waste disposal can pose challenges for BDO manufacturers. Compliance with these regulations requires significant investment in cleaner technologies and processes. 

Competition from Alternatives: The presence of alternative chemicals that can substitute BDO in certain applications may limit market growth. For instance, the emergence of sustainable alternatives like bio-based solvents poses a competitive threat to conventional BDO. 

Future Outlook 

The future of the 1,4-butanediol market appears promising, driven by the increasing demand for sustainable products and innovative applications. The market is expected to witness significant growth, with manufacturers focusing on developing bio-based BDO and enhancing production processes to improve efficiency. 

In conclusion, the 1,4-butanediol industry is positioned for growth, fueled by technological advancements and a shift toward sustainable practices. However, industry stakeholders must navigate challenges such as raw material price volatility and environmental regulations to capitalize on emerging opportunities in this dynamic market. As demand for BDO continues to rise across various sectors, companies that adapt to changing market trends and invest in sustainable practices will likely emerge as leaders in the industry. 

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/1-4-butanediol-market 

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Adsorbents Market- By Type, By Form, By End-Use Application — Global Opportunity Analysis & Industry Forecast, 2024–2030

Market Overview

Adsorbents market size is forecast to reach US$10.8 billion by 2030 after growing at a CAGR of 6.3% during 2024–2030. Adsorption is the accumulation of atoms or molecules on the surface of a material. This process creates a film of the adsorbate on the adsorbent’s surface. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The escalating demand for adsorbents stems from their efficacy in ensuring clean air and water.

A prominent trend in the adsorbents market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Report Coverage :

The report: “Adsorbents Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others

By Form: Powder, Flakes, and Others

By End-Use Application: Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

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Key Takeaways : 

The Asia Pacific dominates the Adsorbents Market owing to the rising growth and increasing investments in the pharmaceutical and food industry.

The strict government regulations governing pharmaceutical product manufacture, hygiene, and quality control lead to a surge in the demand for adsorbents.

The rising demand for adsorbents in water and wastewater treatment application, has been a critical factor driving the growth of the Adsorbents Market in the upcoming years.

Adsorbents Market Segment Analysis — By Type

The zeolites segment held the largest share in the Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades. New lightweight cementing methods for oil and gas completions to new modified zeolite adsorbents for extracting metals or organics from water are just a few of the new inventive applications. Systems for zeolite gas treatment, pressure swing adsorption, smell control, and other specific applications are being developed. Inorganic adsorbents, particularly for environmental applications, industrial gas production, and specialized chemicals, are the most valuable applications for zeolites and synthesized zeolites. Thus, the rising usage of zeolites in various applications, have uplifted the Adsorbents Market growth, in the forecast period.

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Adsorbents Market Segment Analysis — By End-Use Application

The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024–2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. The usage of the right adsorbent is necessary for the petrochemical plants due to the reactivity of ethylene plant streams. In the petrochemical industry, adsorbents are used for the effective removal of a wide range of contaminants from olefin-containing streams, complete system solutions for the treatment of off-gas streams from catalytic crackers (FCC, DCC, CPP) and acetylene producing units, and long lifetime and easy operability. The surging demand for adsorbents is due to the rising investments in its end use industry such as petrochemical industry. For instance, according to Alberta’s Industrial Heartland Association, the petrochemical sector in Alberta has the potential to increase by more than US$30 billion by 2030. Thus, the rising investments in the petrochemical industry of various countries will further drive the growth of the adsorbents market over the forecast period.

Adsorbents Market Segment Analysis — By Geography

Asia-Pacific region dominated the adsorbents market in terms of revenue with a share of 38% in 2023 and is projected to dominate the market during the forecast period 2024–2030. The growing demand for adsorbents, along with the high purchasing power in countries such as China, India, and Japan, tends to become a potential market for adsorbents during the forecast period. The surging adoption of adsorbents in the petrochemical, oil, and gas, and other sectors are driving the adsorbents market in China. Currently, several initiatives taken by organizations for the development of new petrochemical plants in the country have increased the demand for adsorbents. In November 2022, Saudi Aramco announced plans to invest in a US$7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp’s refining complex in the port city of Ulsan. In March 2023, Indian Oil announced plans to build a petrochemicals complex at Paradip with an investment of $7.3 billion. Such investments will drive the demand for adsorbents in this region during the forecast period. Adsorbents Market Driver :

Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents

Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization. Several types of adsorbents are utilized in the pharmaceutical sector, with a selection depending on the application requirement. Activated carbon, for instance, is used to remove contaminated or by-products during the drug formulation process, whereas activated alumina is used to recover Pyrogen-free pharmaceuticals and as a desiccant for drying air and industrial gases. Also, silica gel is also employed in column chromatography as a pharmaceutical adsorbent, where it assists in the separation or collection of various medication components. Regulations mandating the use of adsorbents in the pharmaceuticals sector such as, by the United States Pharmacopeia (USP), Japanese Pharmacopeia (JP), and so on are also influencing the adsorbents market growth in the pharmaceutical sector. For instance, according to Invest India, the pharmaceutical industry in India is expected to reach $65 billion by 2024 and to $130 billion by 2030.

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Adsorbents Market Challenge

Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth

Although adsorbent materials can attract molecules to their surfaces, this ability is limited. Once the capacity has been reached, continued refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for adsorption of various pollutants and impurities such as carbon dioxide or hydrogen sulphide, mercaptans, manufacturing chemicals, and hydrate inhibitors in refining and purifying processes. The current contaminants react with the adsorbents at this point, causing the adsorbent to regenerate. These pollutants either renew or eliminate the adsorbent. The service life of adsorbents is determined by the material’s regeneration capacity, which could be a stumbling block for the overall adsorbents market.

Adsorbents Industry Outlook

Top 10 companies in the adsorbents market include:

BASF SE

Arkema SA

Honeywell International Inc.

Cabot Corporation

W. R. Grace & Co.

Clariant AG

Mitsubishi Chemical Corporation

Calgon Carbon Corporation (Kuraray)

Evonik Industries

Axens Group

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Petrochemicals Market Size To Reach $1002.45 Billion By 2030

The global petrochemicals market size is expected to reach USD 1002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. It is expected to expand at a CAGR of 7.0% from 2023 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.

Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.

Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years. However, declining prices of natural gas owing to a rise in its production are expected to augment the growth of the product over the forecast period.

The competitiveness among the producers of the product is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players are dominating the industry for the past few years owing to the increasing investment in R&D activities related to new product development.

Request a free sample copy or view the report summary: Petrochemicals Market Report

Petrochemicals Market Report Highlights

The methanol product segment is expected to expand at the highest revenue-based CAGR of 8.9% over the forecast period. The demand is attributed to the increase in demand for methanol in manufacturing biodiesel, which is biodegradable, safe, and produces fewer air pollutants as compared to other fuels

Surged use of polyethylene, High-density Polyethylene (HDPE), and Low-density Polyethylene (LDPE) is expected to foster the overall growth of the market for petrochemicals.

The butadiene product segment is expected to be an emerging segment in the coming years as it is a key building block used in the manufacturing of several chemicals and materials employed in the industries such as consumer durables, healthcare, and building and construction

Manufacturers have adopted joint ventures and acquisitions as major strategies to increase their global presence

Petrochemicals Market Segmentation

Grand View Research has segmented the global petrochemical market report on the basis of Product, and region

Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

Ethylene

Polyethylene

Ethylene oxide

EDC

Ethyl benzene

Others

Propylene

Polypropylene

Propylene oxide

Acrylonitrile

Cumene

Acrylic acid

Isopropanol

Other

Butadiene

SB Rubber

Butadiene rubber

ABS

SB latex

Others

Benzene

Ethyl benzene

Phenol/cumene

Cyclohexane

Nitrobenzene

Alkyl benzene

Other

Xylene

Toluene

Solvents

TDI

Others

Methanol

Formaldehyde

Gasoline

Acetic acid

MTBE

Dimethyl ether

MTO/MTP

Other

Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Europe

Germany

UK

France

Belgium

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Latin America

Brazil

Middle East

Africa

List of Key Players of Petrochemicals Market

BASF SE

Chevron Corporation

China National Petroleum Corporation (CNPC)

China Petrochemical Corporation

ExxonMobil Corporation

INEOS Group Ltd.

LyondellBasell Industries Holdings B.V.

Royal Dutch Shell PLC

SABIC

Dow

[pearlsmith25]

Propylene Oxide Market Research: Crafting Effective Strategies for Market Penetration

propylene oxide, also known as propene, is an unsaturated organic compound with the chemical formula C3H6. It serves as a basic petrochemical raw material and is mainly used to produce polypropylene oxide and propylene oxide oxide. Polypropylene oxide is a highly durable yet lightweight plastic used in a wide range of applications such as packaging, textiles, stationery, automotive and construction materials.

The global propylene oxide market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Rising polypropylene oxide demand represents a major opportunity for the propylene oxide market. Asia Pacific is witnessing robust growth in the polypropylene oxide market owing to increased consumption in packaging, automotive, and construction industries. China alone accounts for over 40% of global polypropylene oxide demand. The country's 13th Five-Year Plan focuses on increasing investment in transportation and rural infrastructure development which will strengthen the polypropylene oxide market. India also promises strong polypropylene oxide demand on account of rapid urbanization, rising disposable incomes, and growth in end-use industries. As polypropylene oxide is the primary derivative of propylene oxide, its surging demand across developing economies will propel the propylene oxide market forward during the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants in the propylene oxide market is low due to the high costs associated with production facilities and infrastructure. Established players who have access to raw materials and distribution networks have significant advantages over new players. Bargaining power of buyers: The bargaining power of buyers in the propylene oxide market is high. Buyers have high bargaining power due to the availability of substitute products and undifferentiated nature of propylene oxide. Buyers can easily switch between suppliers based on price and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are few major suppliers of raw materials for propylene oxide production, suppliers still depend on established players for off-take agreements. Supplier switching costs are also moderate. Threat of new substitutes: The threat of substitutes is low to moderate. While functionally similar chemicals can be used as substitutes for some applications of propylene oxide, limitations in terms properties restrict broad substitution. Established application areas remain hard to substitute. Competitive rivalry: The competitive rivalry in the global propylene oxide market is high due to the presence of numerous domestic and international players competing for market share. Players compete based on capabilities, product quality, and price. SWOT Analysis Strengths: propylene oxide has diverse applications and is a basic petrochemical with growing demand. Leading players have access to raw materials and economies of scale. Weaknesses: propylene oxide production is capital intensive and vulnerable to fluctuations in crude oil/natural gas prices. Environmental regulations regarding emissions are increasing production costs. Opportunities: Rising polymer demand from packaging and construction industries in Asia present an opportunity. Technologies to produce propylene oxide as a byproduct of ethanol provide new opportunities. Threats: Overcapacity can lead to pricing pressures. Strict environmental norms regarding air pollution are a challenge. Substitution threat from alternative chemicals is mounting. Key Takeaways The global propylene oxide market is expected to witness high growth in the coming years. The global propylene oxide market is estimated to be valued at US$ 151 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2027.

Rapid industrialization and infrastructural development are driving growth in Asia Pacific. China dominates global propylene oxide demand and capacity additions. The Chinese government is investing heavily in propylene oxide cracker projects to fulfill domestic demand. North America and Europe account for over 30% share of global propylene oxide consumption led by demand from polymer industries. They are mature markets with stable growth. However, future capacity additions are planned in the Middle East and Asia Pacific regions to leverage low feedstock costs. Key players: Key players operating in the propylene oxide market are Dow Chemical, ExxonMobil, LyondellBasell, SABIC, and BASF. These major players have integrated production facilities and long term offtake agreements with buyers to maintain consistent supply.

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A Comprehensive Guide to Glycol Ethers Procurement Intelligence

The glycol ethers category is expected to grow at a CAGR of 5.74% from 2023 to 2030. There is a growing urbanization and an increase in the number of construction projects that led to rising demand for paint and coatings activities, which in turn is expected to drive the category growth. Glycol ether's rapid drying time and better printing quality make it beneficial for the printing industry. Further, glycol ethers are utilized in a variety of personal care items, including sunscreens and cosmetics. It has a high boiling point and superior solvent characteristics, which make the molecule a crucial reagent in the production of numerous personal care products which will drive the glycol ethers market growth. The Asia-Pacific region accounts for the largest category share in 2020 as the region's rapidly growing population has increased global demand for a wide range of commodities for industries such as automobiles, pharmaceuticals, and personal care.

Recent technology advancements in DCS control systems and automatic production processes to accelerate the process cycle, reduce overall costs, and gain a competitive advantage in the global economy. For instance, Jiangsu Dynamic Chemical Co., Ltd. has set up two sets of Ethylene oxide (EO) production equipment with yearly capacities of 60,000t and 100,000t after introducing cutting-edge technology from a U.S. based company, SD company that provides R&D services and supplies products and components related to technology and engineering. The manufacture of EO has enhanced the industry chain of glycol ethers while increasing the core competitiveness of Jiangsu Dynamic Chemical Co., Ltd. The DCS control system is used throughout the entire production process to achieve automatic production. All automatic control devices have now reached the most advanced level within the same chemical industry categories globally. This will assist in achieving the company's operating principles, which are to put environmental preservation at the center of their operations, prioritize management, be driven by technical innovation, and manufacture high-quality products continuously to reach new heights.

Order your copy of the Glycol Ethers Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category's three main cost components are labor, raw material, machinery, and technology costs. Other costs involved are utility costs, packaging, and transportation costs. The raw materials used in the production of glycol ethers are ethylene oxide and propylene oxide which are highly volatile in terms of price. Price fluctuations of raw materials can influence a manufacturer's profitability and cost structure. Glycol ether prices in the North American region were stable at the beginning of June 2023. However, the prices went up as a result of rising production costs and rising feedstock ethylene oxide prices in North American region during mid of Q2 2023. During the recession, there was a shortage of labor, and production rates were low due to high labor costs. As a result, production costs and glycol ethers prices increased in the mid of Q2 2023 despite stable supply and demand dynamics and limited glycol ethers availability.    

Countries such as China, Japan, and India are the most preferred sourcing destinations for this category. China's significant technological advancement, environmental consciousness, government support as well as manufacturing capabilities made this region preferred for sourcing. This helped China to enhance and respond to the rising demand for this category by delivering essential solvents and additive manufacturing of paints, textiles, medicines, and automotive components. Selecting a supplier that is equipped to meet standards and assurance practices is considered to be an important sourcing practice in this category. The suppliers must be equipped to meet the United States Food and Drug Administration (FDA) regulations for use in food-related applications along with other standards and assurance practices. Other best sourcing practices include purchasing raw materials from low-cost nations and having strong technology capabilities.

Glycol Ethers Procurement Intelligence Report Scope

• Glycol Ethers Category Growth Rate: CAGR of 5.74% from 2023 to 2030

• Pricing growth Outlook: 5% - 6% (Annually)

• Pricing Models: Fixed pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Production capability, Types (P-series, E-series, etc.), Form available (powder, pellets, liquid, etc.), Packaging quantity, Technical specifications, Operational capabilities, Regulatory standards and mandates, Category innovations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Glycerin Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key companies profiled

• BASF SE

• The Dow Chemical Company

• Eastman Chemicals Company

• FBC Chemical

• Hannong Chemicals

• Henan GP Chemical

• Huntsman Corporation

• INEOS

• India Glycols Limited

• Jangsu Yida Chemical

• Kemipex

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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Propylene Glycol Prices, News, Trend, Graph, Chart, Monitor and Forecast

 Propylene Glycol is a versatile chemical compound widely used across various industries, including pharmaceuticals, food and beverage, cosmetics, and industrial applications. Its price trends are influenced by multiple factors such as raw material costs, supply chain disruptions, production capacities, and market demand. Over recent years, the propylene glycol market has witnessed significant fluctuations, driven by changes in crude oil prices, economic conditions, and regulatory policies. Understanding the pricing dynamics of this essential chemical is crucial for manufacturers, distributors, and end users looking to optimize procurement strategies and reduce operational costs.

The pricing of propylene glycol is closely linked to the cost of its primary raw material, propylene oxide, which is derived from petrochemical sources. Any fluctuations in crude oil prices directly impact the cost of propylene oxide, leading to price variations in propylene glycol. In times of high crude oil prices, production costs tend to rise, resulting in higher market prices. Conversely, when crude oil prices decline, there is usually a reduction in the cost of raw materials, which can lead to lower propylene glycol prices. Additionally, geopolitical tensions, trade restrictions, and supply chain disruptions can create volatility in raw material supply, further influencing market prices.

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Another critical factor affecting propylene glycol prices is global supply and demand dynamics. The growing demand from the pharmaceutical and food industries has contributed to steady price increases in recent years. Propylene glycol is widely used as a solvent, humectant, and stabilizer in numerous applications, making it an essential ingredient in various consumer and industrial products. The increasing consumption of packaged foods, personal care products, and pharmaceuticals has fueled demand, thereby exerting upward pressure on prices. Additionally, as industries prioritize sustainability, the market for bio-based propylene glycol has expanded, introducing another variable in pricing structures. While bio-based alternatives often come at a premium due to higher production costs, they cater to the rising consumer preference for environmentally friendly products.

Seasonal demand variations also play a role in price fluctuations. During winter months, demand for propylene glycol surges due to its extensive use in antifreeze and de-icing applications. This seasonal spike in consumption can lead to temporary price hikes, particularly when supply is tight. On the other hand, during off-peak seasons, demand tends to stabilize, potentially leading to price corrections. Market participants closely monitor these trends to optimize their purchasing decisions and inventory management strategies.

Regional market conditions significantly impact pricing trends. North America, Europe, and Asia-Pacific are the key markets for propylene glycol, with varying price dynamics in each region. In North America, the presence of major chemical manufacturers and stable raw material supply often lead to competitive pricing. The U.S. market, in particular, benefits from domestic production capacities that help mitigate extreme price fluctuations. In Europe, stringent environmental regulations and fluctuating energy costs contribute to price variability. Additionally, the shift towards sustainable production methods and the increasing adoption of bio-based propylene glycol impact market pricing in the region. Asia-Pacific, being a major manufacturing hub, experiences significant price volatility due to fluctuations in feedstock availability, regulatory changes, and shifting demand patterns in key economies such as China and India.

Trade policies, tariffs, and logistical challenges also influence global propylene glycol prices. Changes in import-export regulations can impact supply chains, affecting the overall cost of production and distribution. Supply chain disruptions, such as those witnessed during the COVID-19 pandemic, have highlighted the vulnerabilities of global trade and logistics. Shipping delays, container shortages, and port congestion have contributed to price spikes in various regions. Companies that rely on global supply chains must navigate these challenges by securing alternative sourcing options and optimizing logistics strategies.

Environmental regulations and sustainability initiatives are reshaping the propylene glycol market landscape. Many governments and regulatory bodies are implementing stricter emission norms and encouraging the use of eco-friendly alternatives. This shift has prompted chemical manufacturers to explore bio-based production methods, which often involve higher costs but align with sustainability goals. As a result, bio-based propylene glycol is gaining traction, influencing overall market pricing. Consumers and industries seeking greener solutions are willing to pay a premium for sustainable products, thereby altering traditional price dynamics.

The role of technological advancements in propylene glycol production cannot be overlooked. Innovations in manufacturing processes have enabled greater efficiency, cost reduction, and improved product quality. Advanced catalysts, optimized reaction conditions, and alternative feedstocks are being explored to enhance production sustainability. These developments have the potential to impact market prices by reducing reliance on traditional petrochemical sources and increasing the availability of cost-effective alternatives.

Economic conditions and macroeconomic factors also play a crucial role in determining propylene glycol prices. Inflation, currency fluctuations, interest rates, and overall economic growth influence purchasing power and industrial activity. During economic downturns, reduced industrial output and lower consumer spending can lead to decreased demand, causing price declines. Conversely, periods of economic growth drive higher consumption across industries, supporting price stability or even increases.

Future price trends for propylene glycol will likely be shaped by ongoing shifts in supply chain strategies, sustainability initiatives, and market demand. As industries adapt to changing consumer preferences and regulatory landscapes, pricing structures may continue to evolve. Market participants must stay informed about global developments, technological advancements, and emerging trends to make well-informed procurement and investment decisions. By closely monitoring price movements, industry players can mitigate risks, optimize production planning, and enhance competitiveness in the global market.

In conclusion, the propylene glycol market is highly dynamic, with prices influenced by multiple interconnected factors. Raw material costs, supply-demand dynamics, regional market conditions, environmental regulations, and economic trends all contribute to price fluctuations. As industries continue to innovate and adapt to changing market conditions, the pricing landscape for propylene glycol will remain subject to shifts driven by technological advancements, sustainability initiatives, and global economic developments. Staying informed about these factors is essential for businesses seeking to navigate the complexities of the propylene glycol market and make strategic decisions for future growth.

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Propylene Carbonate Market Trends and Forecast Reports 2024-2033 | Global Insight Services

Propylene carbonate is a clear, colorless, and nearly odorless organic compound. It is classified as a cyclic carbonate ester, and is used as a solvent and in some types of lubricants. It has a relatively high boiling point and low freezing point, and is miscible with water.

Propylene carbonate is produced by the reaction of propylene oxide and carbonic acid. It is also a byproduct of the production of propylene glycol.

Propylene carbonate is used as a solvent in a variety of applications, including paint strippers, adhesives, inks, and cleaning solutions. It is also used as a component of some types of lubricants, hydraulic fluids, and heat-transfer fluids.

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Key Trends

Some key trends in Propylene Carbonate technology include:

-Development of new and improved catalysts for the production of propylene carbonate -Improvements in the manufacturing process to increase efficiency and yield -Use of propylene carbonate as a green solvent in various applications -Continued research into the potential health and environmental benefits of propylene carbonate

Key Drivers

The key drivers of the propylene carbonate market are the growing demand for propylene carbonate from the electronics and automotive industries, and the increasing use of propylene carbonate as a solvent in the paint and coatings industry.

The electronics industry is the largest consumer of propylene carbonate, accounting for more than 50% of the total demand. Propylene carbonate is used as a solvent in the production of printed circuit boards and as a dielectric fluid in capacitors. The automotive industry is the second largest consumer of propylene carbonate, and it is used as a plasticizer in automotive coatings, as a coolant in battery systems, and as a hydraulic fluid in power steering systems.

The paint and coatings industry is the third largest consumer of propylene carbonate. Propylene carbonate is used as a solvent in paints and coatings, and it is also used as a coalescing agent in latex paints.

The demand for propylene carbonate is also driven by the growing use of propylene carbonate as a solvent in the pharmaceutical industry. Propylene carbonate is used as a solvent in the production of injectable drugs, ophthalmic solutions, and oral liquids.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segments

The propylene carbonate market bifurcated on the basis of form, application, and region. On the basis of form, it is segmented into aqueous, pellet, films, and others. By application, it is analyzed across paints & coatings, cleaning, personal care, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Players

The propylene carbonate market report includes players such as BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Empower Materials, Anmol Chemicals Group, Kowa India Pvt.Ltd., ReactChem Co. Ltd, SMC – Global, Taixing Fengming Chemical, and Lixing Chemical.

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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10-year forecast to help you make strategic decisions

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Propylene: A Versatile Monomer for Plastics, Chemicals, and Fuels

Propylene, also known as Propylene, is an important industrial organic compound used for the production of numerous polymers and chemicals. With the chemical formula C3H6, Propylene is a colorless gas that is highly flammable and slightly less dense than air. It is one of the three most important olefins produced industrially, along with ethylene and butadiene.

Sources and Production of Propylene

Naturally, Propylene is produced as a byproduct during oil refinement and natural gas processing. However, most Propylene manufactured today is produced through two key processes - steam cracking of hydrocarbons and fluid catalytic cracking (FCC) of crude oil fractions. Steam cracking involves heating petroleum feedstocks like naptha, liquefied petroleum gas or ethane in the presence of steam to produce lighter alkenes like ethylene and Propylene. FCC uses a zeolite catalyst at elevated temperatures to convert heavier hydrocarbon fractions into gasoline and lighter alkenes. Refineries and petrochemical facilities use these cracking techniques to maximize alkene yields and recover Propylene on an industrial scale.

Uses and Derivatives of Propylene

By far the largest application of Propylene is for the production of polyPropylene plastics. In fact, Propylene demand is dominated by polymerization which accounts for over 60% of its end uses. PolyPropylene possess desirable properties like flexibility, transparency, resistance to moisture and chemicals and is commonly used in packaging films, textiles, plastic parts and various industrial applications. Other major derivatives of Propylene include Propylene oxide, acrylonitrile, cumene and alcohols. Propylene oxide forms the basis for specialized polyether polyols used in rigid and flexible foams. Acrylonitrile is a key precursor to acrylic fibers and plastics. Cumene, or isopropylbenzene, is primarily used to manufacture phenol and acetone. Propylene also finds usage as a petrochemical intermediate in various chemical processes.

Applications in Fuels and Transportation

Due to Propylene's molecular structure and fuel properties, it is increasingly being evaluated as an alternative transportation fuel, especially in diesel engines. Propylene is more reactive and has a higher cetane value compared to longer chain alkanes like diesel. As a result, it produces cleaner burning exhaust with reduced emissions. It has led to interest in developing Propylene-diesel fuel blends. Furthermore, Propylene derived alkylate - a high-octane component obtained from isomerization and alkylation refining - improves gasoline engine performance and is a major gasoline additive. This has created new potential avenues for Propylene consumption in transportation fuels in addition to the chemical sector.

World Supply and Demand Dynamics

On a global scale, over 60 million tons of Propylene are produced annually to meet the growing polymer and chemical demands. The Asia Pacific region dominates both production and consumption with China leading as the largest Propylene market. Key refining and petrochemical industries based along the U.S. Gulf Coast and parts of Europe like Germany, Belgium and Italy also contribute significantly. International trade plays a critical role since Propylene supply-demand balances vary regionally. Propylene trade occurs through ship tank or intra-pipeline transports to equalize regional surpluses and shortfalls. Overall, Propylene is an indispensable petrochemical that serves as backbone to the plastics industry and leverages oil and gas refinery infrastructure worldwide.

Environmental and Process Safety Aspects

Like other industrial organic chemicals, Propylene manufacturing and handling requires compliance to strict environmental and process safety standards. Propylene plants are potential sources of air pollutants due to fugitive emissions and combustion byproducts that necessitate robust emission control systems. Propylene's higher reactivity also increases risk of fires and explosions that demand sophisticated risk prevention through equipment design, operating procedures and operator training. Effective waste management is equally important since process residues may contain hazardous compounds. Regulatory compliance backed by robust risk governance helps realize Propylene's societal benefits while minimizing workplace and community impacts. Overall stewardship across the Propylene supply chain is crucial given the chemical's extensive role in modern products and technologies.

Propylene stands out as one of the most widely used petrochemical intermediates supporting numerous downstream derivatives. Its contributions to plastics, chemicals and fuel applications underscore Propylene’s strategic importance to modern industries and economies worldwide. Continued innovation to maximize Propylene yields from fossil feedstocks along with alternative production pathways will be paramount to sustain this key industrial monomer’s role in the future.

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Detailed Report on Propane Dehydration to Propylene Market | BIS Research 

Propane dehydration to propylene is a chemical process in which propane (C₃H₈) is converted into propylene (C₃H₆) by removing hydrogen (H₂) molecules. This process typically occurs through catalytic dehydrogenation, where propane is passed over a catalyst, often chromium, platinum, or vanadium-based, at high temperatures (typically between 500°C and 700°C).

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Propane Dehydration to Propylene Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Propane Dehydration to Propylene Overview  

Propane dehydration to propylene, also known as propane dehydrogenation (PDH), is a key industrial process used to convert propane (C₃H₈) into propylene (C₃H₆), an essential building block in the petrochemical industry. Propylene is a vital raw material in the production of polypropylene plastics, acrylonitrile, propylene oxide, and other chemicals.

Chemical Reaction

The primary reaction in propane dehydrogenation is the removal of hydrogen atoms from propane to produce propylene and hydrogen gas:

C3H8→C3H6+H2C₃H₈ \rightarrow C₃H₆ + H₂C3​H8​→C3​H6​+H2​

This is an endothermic reaction, meaning it requires the input of energy (in the form of heat) to proceed. The reaction typically takes place at high temperatures, generally between 500°C and 700°C, depending on the catalyst and reactor design used.

Catalysts Used in PDH Includes 

Chromium Based Catalysts 

Platinum Based Catalysts 

Vanadium Based Catalysts 

Bimetallic Catalysts 

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Key factors influencing market growth include 

Abundant availability of low cost propane feedstock especially from shale gas 

Rapid Industrialization and expanding consumer markets 

PDH technology is expected to play an increasingly central role in the global propylene supply chain, offering a more flexible and scalable solution for producers. 

The PDH market is poised for long-term growth, supported by favorable economic conditions, strong demand drivers, and continued innovation in process and catalyst technology.

In the automobile industry, the demand for propylene derivatives such as propylene oxide and polypropylene is rising due to the increasing number of electric vehicles that are made from lightweight materials.

Market Segmentation 

1 By Technology

CATOFIN

UOP Oleflex

Fluidized Catalytic Dehydrogenation (FCDh)

Steam Active Reforming (STAR)

Based on technology, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the UOP Oleflex segment during the forecast period of 2022-2031. 

2 By End Users 

Automotive and Transportation

Construction

Packaging

Textile 

Electrical and Electronics

Based on end users, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the packaging segment during the forecast period of 2022-2031.

3 By Derivative 

Polypropylene

Propylene Oxide

Acrylonitrile

Cumene

Alcohols

Based on derivative, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the polypropylene segment during the forecast period of 2022-2031.

4  By Region 

North America - U.S., Canada, and Mexico

Europe - Germany, France, Italy, Spain, Russia, and Rest-of-Europe

China

U.K.

Asia-Pacific and Japan - Japan, India, South Korea, ASEAN, and Rest-of-Asia-Pacific and Japan

In the global propane dehydrogenation (PDH) to propylene market, China and North America are anticipated to gain traction in terms of propane dehydrogenation (PDH) to propylene production, owing to the presence of the world’s largest manufacturers in those regions.

Demand Drivers and Limitations 

Growing demand for propylene based products

Increased availability of shale gas 

Sustainable and Circular Economy Initiatives 

Petrochemical Demand 

Fluctuation in Crude Oil Price 

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Key Companies 

•    LyondellBasell Industries Holdings B.V.

•    Borealis AG

•    INEOS Group Limited

•    GAIL (India) Limited

•    Dow Chemical Company

•    Koch Industries, Inc.

•    Formosa Plastics Corporation

•    KBR Inc.

Recent Developments in Propane Dehydrogenation (PDH) to Propylene Market

In March 2022, KBR and ExxonMobil Catalysts and Licensing collaborated on the advancements of propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's proprietary catalyst technology would be combined with KBR's proprietary K-PRO PDH technology to convert propane into propylene.

In January 2022, Hyosung Chemical started the production of propylene by PDH technology for the production of polypropylene units. Before the start-up of this plant, the polypropylene units were dependent on imported propylene.

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Conclusion

The propane dehydration to propylene (PDH) market has experienced significant growth, driven by increasing global demand for propylene, especially for downstream products like polypropylene, acrylonitrile, and propylene oxide. 

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The global demand for Propylene Glycol was valued at USD 4.13 Billion in 2023 and is expected to reach USD 6.9 Billion in 2032, growing at a CAGR of 6.2% between 2023 and 2032. Propylene glycol (PG), a versatile organic compound, has become a staple in various industries due to its wide-ranging applications. As a synthetic liquid substance, it is absorbed well by the body and has been deemed safe for use in foods, pharmaceuticals, and cosmetics. The global propylene glycol market has witnessed significant growth over recent years, driven by rising demand across various sectors such as automotive, construction, food and beverage, pharmaceuticals, and personal care products.

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Market Overview

The propylene glycol market was valued at approximately USD 4 billion in 2023 and is projected to grow at a CAGR of around 5% from 2024 to 2030. This growth can be attributed to several factors, including the increasing use of PG in the production of unsaturated polyester resins (UPR), which are essential in manufacturing construction materials and automotive components.

Key Drivers

1. Rising Demand in the Automotive Sector: Propylene glycol is extensively used as an antifreeze and coolant in the automotive industry. With the global increase in vehicle production and the need for better performance and safety features, the demand for high-quality antifreeze solutions has surged. PG’s low toxicity and high boiling point make it an ideal choice for such applications.

2. Growth in the Food and Beverage Industry: PG is a common additive in food products, where it acts as a humectant, solvent, and preservative. The rising demand for processed and packaged foods, driven by changing consumer lifestyles and increasing urbanization, has bolstered the market for propylene glycol. Additionally, its approval by major regulatory bodies, including the FDA and EFSA, supports its widespread use in the food industry.

3. Expanding Pharmaceutical and Personal Care Sectors: In pharmaceuticals, PG is used as a solvent in oral, injectable, and topical medications. Its role in the formulation of creams, lotions, and other personal care products is also notable. The growing awareness of personal health and hygiene, along with advancements in pharmaceutical formulations, has further propelled the demand for propylene glycol.

4. Advancements in Bio-based Propylene Glycol: Environmental concerns and the push for sustainability have led to the development of bio-based propylene glycol, derived from renewable resources such as corn and soy. This eco-friendly variant is gaining traction, particularly in regions with stringent environmental regulations. The shift towards greener alternatives is expected to drive the market forward.

Regional Insights

The propylene glycol market exhibits significant regional variations, with Asia-Pacific leading the charge. This region's dominance can be attributed to rapid industrialization, urbanization, and economic growth, particularly in countries like China and India. The burgeoning automotive and construction sectors in these nations have spurred the demand for PG.

North America and Europe also hold substantial market shares, driven by the presence of established automotive, pharmaceutical, and food and beverage industries. Furthermore, stringent regulations regarding the use of safe and environmentally friendly chemicals have promoted the adoption of bio-based propylene glycol in these regions.

Challenges and Restraints

Despite its numerous advantages, the propylene glycol market faces several challenges. Fluctuating raw material prices, particularly propylene oxide, a key precursor in PG production, can impact market dynamics. Additionally, concerns regarding the environmental impact of conventional PG production processes have led to increased regulatory scrutiny.

Future Outlook

The future of the propylene glycol market looks promising, with continued growth expected across various industries. Technological advancements and ongoing research into alternative production methods, such as bio-based PG, are likely to open new avenues for market expansion. Moreover, the increasing focus on sustainability and eco-friendly products will drive the demand for bio-based propylene glycol.

Top Key Players

Shell Plc

INEOS Oxide

Huntsman International L.L.C

ADEKA CORPORATION

Chaoyang Chemicals, Inc.

Temix Oleo

Midland Company

Helm AG

Manali Petrochemicals Limited

Haike Chemical Group Co., Ltd.

Dow

Arch Chemicals Inc

Repsol

LyondellBasell Industries N.V.

BASF SE

ADM

Global Bio-chem Technology Group Company Limited

DuPont Tate and Lyle Bio Products

SKC

Segmentations:

By Source :

Bio-Based

Petroleum

By Type :

Food Grade

Pharma Grade

Industrial Grade Propylene Glycol

By End Use :

Cosmetic and Personal Care Products

Consumer Goods (Liquid Detergents)

Chemical Intermediary (Unsaturated Polyester Resins, Functional Fluids & Antifreezes)

Food

Pharmaceuticals

By Primary Function :

Propylene Glycol as Preservative Agents

Propylene Glycol as Humectants (Binding Agent)

Propylene Glycol as Emollients (Softener)

Propylene Glycol as Solvents

Propylene Glycol as Stabilizing Agents

Propylene Glycol as Excipients (Bulking Agent)

Others

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