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Follow on Google News | Propylene Glycol Market Perceptions Highpoint Industrial Expansion in Coming Years, reports Fact.MRBy: Fact.MR About two-thirds of the propylene glycol supplied is utilized as chemical feed to manufacture unsaturated polyester resins. Propylene glycol's industrial applications include the manufacturing of paints and coatings, resins and plastics which are used as intermediates for the production of other chemical substances such as unsaturated polyester resins used in pipes or windmill blades, as well as bath and kitchenware. Propylene glycol presently is being utilized in a wide range of industrial applications including pharmaceutical and cosmetics which hold a considerable market share. Browse Complete Report - https://www.factmr.com/ According to the study, the rapid utilization of propylene glycol is known to pose several occupational health hazards. Although Propylene glycol has been approved for use at certain levels in food and cosmetics according to the Food and Drug Administration (FDA), the widespread utilization of propylene glycol in industries is still regarded as harmful. This factor is expected to hinder the market growth during the forecast period. East Asia is Likely to Create Lucrative Opportunities in Global Propylene Glycol Market The global propylene glycol market is shifting to China and other Asian nations with continued high risk for consolidation and rationalization, which has affected numerous small and medium scale competitors. The global market for propylene glycol is anticipated to witness lucrative market opportunities from Asian regions, especially, East Asia due to growing industrialization and increasing production footprint of key manufacturers in the region. However, currently, US holds the leading market share in terms of volume sales among key countries with nearly around 1/3rd of the global demand. Also, overall demand for unsaturated polyester resins is likely to be affected by ongoing trends in the national building industry and local economies' general health. Moreover, legacy regions such as North America and Europe in global propylene glycol market are anticipated to witness similar growth trend during the forecast period due to rising demand for pharmaceutical grade of propylene glycol in these regions. To buy this Report- https://www.factmr.com/ Contact Us Fact.MR 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Email: sales@factmr.com Web: https://www.factmr.com/ End
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