Product Code: ETC5358709 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Bhutan Propylene Glycol Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 2.23% in 2025, climbs to a high of 4.89% in 2028, and moderates to 3.22% by 2029.
By 2027, Bhutan's Propylene Glycol market is forecasted to achieve a stable growth rate of 4.55%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The propylene glycol market in Bhutan is expanding, with applications in the food, pharmaceutical, cosmetics, and industrial sectors. Propylene glycol is used as a solvent, humectant, and in the production of antifreeze and deicing solutions. The market`s growth is driven by the increasing demand for high-quality chemicals in various industries, along with the need for safe and effective additives in food and personal care products.
/h3
The propylene glycol market in Bhutan is driven by its applications in various industries, including pharmaceuticals, food and beverages, and cosmetics. Propylene glycol is used as a solvent, humectant, and additive in a wide range of products. The growth of the pharmaceutical and personal care industries, along with increasing consumer demand for propylene glycol-based products, supports market expansion. Additionally, the versatility and safety profile of propylene glycol contribute to its widespread use and growing market presence.
/h3
Challenges in the Bhutan propylene glycol market include high production costs, regulatory hurdles, and limited availability of raw materials. Additionally, there is competition from alternative materials, which affects market demand.
/h3
The Bhutanese government has been taking steps to support the chemical industry, including the propylene glycol market. Policies include providing incentives for local production to reduce dependency on imports and fostering industrial growth. The government has also implemented tax benefits for companies that invest in sustainable production practices. Regulatory measures ensure the quality and safety of propylene glycol, and there are efforts to streamline the approval process for new chemical products. Additionally, investment in research and development is encouraged to enhance production efficiency and environmental compliance.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bhutan Propylene Glycol Market Overview |
3.1 Bhutan Country Macro Economic Indicators |
3.2 Bhutan Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Bhutan Propylene Glycol Market - Industry Life Cycle |
3.4 Bhutan Propylene Glycol Market - Porter's Five Forces |
3.5 Bhutan Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bhutan Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bhutan Propylene Glycol Market Trends |
6 Bhutan Propylene Glycol Market Segmentations |
6.1 Bhutan Propylene Glycol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Bhutan Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins,? Functional Fluids,? Food, Drug, and Cosmetics,? Liquid Detergent,? Paints and Coating,? Others, 2021-2031F |
7 Bhutan Propylene Glycol Market Import-Export Trade Statistics |
7.1 Bhutan Propylene Glycol Market Export to Major Countries |
7.2 Bhutan Propylene Glycol Market Imports from Major Countries |
8 Bhutan Propylene Glycol Market Key Performance Indicators |
9 Bhutan Propylene Glycol Market - Opportunity Assessment |
9.1 Bhutan Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bhutan Propylene Glycol Market - Competitive Landscape |
10.1 Bhutan Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 Bhutan Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |