Product Code: ETC5358742 | 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 Grenada Propylene Glycol Market is projected to witness mixed growth rate patterns during 2025 to 2029. From 4.61% in 2025, the growth rate steadily ascends to 5.63% in 2029.
By 2027, the Propylene Glycol market in Grenada is anticipated to reach a growth rate of -0.88%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.
The propylene glycol market in Grenada caters to industries such as pharmaceuticals, food and beverage, and cosmetics. Its versatility as a solvent and humectant drives demand in diverse applications.
The Grenada propylene glycol market is driven by its wide range of applications across various industries. It is commonly used as a solvent in pharmaceuticals, cosmetics, food products, and in the production of antifreeze and de-icing solutions. As consumer awareness of health and safety increases, the demand for non-toxic and biodegradable alternatives to traditional chemicals is boosting the market. The growing use of propylene glycol in the manufacturing of plastics and paints is also contributing to market growth.
The propylene glycol market faces challenges such as high import dependency and limited industrial applications in Grenada. Fluctuating global prices and limited local expertise in handling chemicals further impact the market.
Grenadas government has policies in place to regulate the use and production of chemicals like propylene glycol, especially for use in food and pharmaceuticals. These regulations align with international safety and environmental standards to ensure that local production is sustainable and adheres to best practices.
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 Grenada Propylene Glycol Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Propylene Glycol Market - Industry Life Cycle |
3.4 Grenada Propylene Glycol Market - Porter's Five Forces |
3.5 Grenada Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Propylene Glycol Market Trends |
6 Grenada Propylene Glycol Market Segmentations |
6.1 Grenada Propylene Glycol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Grenada Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins,? Functional Fluids,? Food, Drug, and Cosmetics,? Liquid Detergent,? Paints and Coating,? Others, 2021-2031F |
7 Grenada Propylene Glycol Market Import-Export Trade Statistics |
7.1 Grenada Propylene Glycol Market Export to Major Countries |
7.2 Grenada Propylene Glycol Market Imports from Major Countries |
8 Grenada Propylene Glycol Market Key Performance Indicators |
9 Grenada Propylene Glycol Market - Opportunity Assessment |
9.1 Grenada Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Propylene Glycol Market - Competitive Landscape |
10.1 Grenada Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 Grenada Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |