Product Code: ETC5358726 | 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 |
Cuba Propylene Glycol market currently, in 2023, has witnessed an HHI of 7720, Which has increased slightly as compared to the HHI of 4267 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The propylene glycol market in Cuba is driven by its diverse applications, including in pharmaceuticals, cosmetics, and food products. As a chemical intermediate, propylene glycol is also used in the production of unsaturated polyester resins and antifreeze. The markets growth depends on the country`s industrial production capabilities and import strategies, as Cubas local manufacturing is limited and reliant on external supplies for various chemical compounds.
The propylene glycol market in Cuba is driven by its wide application across various industries, including pharmaceuticals, cosmetics, food, and automotive sectors. The growing demand for antifreeze and coolant products in the automotive sector, coupled with the expanding pharmaceutical industry, significantly contributes to the markets growth. Additionally, propylene glycols role as a food additive and its increasing use in personal care products due to its moisturizing properties are also key drivers. The focus on industrial growth and diversification in Cuba is further pushing the demand for propylene glycol in different applications.
The propylene glycol market in Cuba struggles due to supply chain disruptions and heavy dependence on foreign suppliers. Trade restrictions and sanctions have limited the ability of Cuban companies to secure consistent, high-quality imports of propylene glycol, which is essential for various industries including pharmaceuticals, food, and cosmetics. Moreover, high production costs due to expensive raw materials and energy prices make domestic manufacturing less viable. Regulatory barriers, including compliance with international safety and environmental standards, also present significant hurdles for market participants.
Cubas chemical industry is tightly regulated, with a focus on ensuring that production complies with environmental standards. The governments interest in sustainability might influence the propylene glycol market by encouraging green production methods. Imports of propylene glycol are subject to state control, impacting availability and pricing.
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 Cuba Propylene Glycol Market Overview |
3.1 Cuba Country Macro Economic Indicators |
3.2 Cuba Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Cuba Propylene Glycol Market - Industry Life Cycle |
3.4 Cuba Propylene Glycol Market - Porter's Five Forces |
3.5 Cuba Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cuba Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cuba Propylene Glycol Market Trends |
6 Cuba Propylene Glycol Market Segmentations |
6.1 Cuba Propylene Glycol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Cuba Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins,? Functional Fluids,? Food, Drug, and Cosmetics,? Liquid Detergent,? Paints and Coating,? Others, 2021-2031F |
7 Cuba Propylene Glycol Market Import-Export Trade Statistics |
7.1 Cuba Propylene Glycol Market Export to Major Countries |
7.2 Cuba Propylene Glycol Market Imports from Major Countries |
8 Cuba Propylene Glycol Market Key Performance Indicators |
9 Cuba Propylene Glycol Market - Opportunity Assessment |
9.1 Cuba Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cuba Propylene Glycol Market - Competitive Landscape |
10.1 Cuba Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 Cuba Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |