Product Code: ETC416905 | Publication Date: Oct 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Propylene Glycol Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 1.14% in 2025 and reaches 2.07% by 2029.
By 2027, the Propylene Glycol market in Philippines is anticipated to reach a growth rate of 1.66%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Philippines Propylene Glycol market has witnessed consistent growth due to the compound`s versatile applications. Propylene glycol is used in various industries, including food and beverage, pharmaceuticals, cosmetics, and automotive fluids. Its properties as a solvent, humectant, and antifreeze ingredient contribute to its widespread use. The market growth is linked to the expansion of end-use industries and the increasing consumer demand for products where propylene glycol plays a crucial role. However, market players must navigate regulatory requirements and consumer preferences for natural and sustainable alternatives, which could impact the market`s trajectory.
The Philippines propylene glycol market is driven by its applications in the food and beverage, pharmaceutical, and personal care industries. Propylene glycol is used as a food additive, a solvent in pharmaceuticals, and an ingredient in cosmetic products. The market`s growth is influenced by factors such as consumer demand for processed foods, healthcare products, and cosmetics. Regulatory approvals, safety considerations, and trends toward natural and sustainable ingredients impact the market`s dynamics.
The Philippines propylene glycol market faces challenges linked to changing consumer preferences and increasing awareness of health and safety concerns. Propylene glycol is used in a range of products, including food, cosmetics, and pharmaceuticals. However, consumer demand for natural and organic products has led to a shift away from synthetic ingredients like propylene glycol. Moreover, concerns about potential allergic reactions and the need for product transparency present challenges to manufacturers in this market.
The COVID-19 pandemic could have influenced the propylene glycol market in the Philippines. Propylene glycol is used in various industries, including pharmaceuticals, cosmetics, and food production. Disruptions in manufacturing, supply chains, and shifts in consumer behavior during lockdowns might have impacted the demand for products containing propylene glycol. Changes in healthcare priorities and the economic impact of the pandemic could have influenced the market`s dynamics.
Major players in the Philippines propylene glycol market are BASF SE, LyondellBasell Industries NV, Shell Chemicals Ltd., DowDuPont Inc., Sasol Ltd. and Eastman Chemical Company.
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 Philippines Propylene Glycol Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Propylene Glycol Market - Industry Life Cycle |
3.4 Philippines Propylene Glycol Market - Porter's Five Forces |
3.5 Philippines Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Propylene Glycol Market Trends |
6 Philippines Propylene Glycol Market, By Types |
6.1 Philippines Propylene Glycol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Propylene Glycol Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 Philippines Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins, Functional Fluids, Food, Drug, and Cosmetics, Liquid Detergent, Paints and Coating, Others, 2021-2031F |
7 Philippines Propylene Glycol Market Import-Export Trade Statistics |
7.1 Philippines Propylene Glycol Market Export to Major Countries |
7.2 Philippines Propylene Glycol Market Imports from Major Countries |
8 Philippines Propylene Glycol Market Key Performance Indicators |
9 Philippines Propylene Glycol Market - Opportunity Assessment |
9.1 Philippines Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Propylene Glycol Market - Competitive Landscape |
10.1 Philippines Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 Philippines Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |