Market Forecast By Product (Industrial Grade 1,2-Propylene Glycol, Food Grade 1,2-Propylene Glycol, Pharmaceutical Grade 1,2-Propylene Glycol), By Application (Unsaturated Polyester Resins (UPR), Functional Fluids, Cosmetics, Pharmaceutics and Food, Liquid Detergents) And Competitive Landscape
Product Code: ETC4625003 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The 1, 2-propylene glycol market in Russia has seen steady growth, driven by its extensive applications across various industries. This compound is primarily used in the production of polymers, food additives, and as an intermediate in the chemical industry. The demand in the pharmaceutical sector, where it is used as a solvent, and in the personal care industry, where it serves as a humectant, has also contributed to market expansion. Additionally, the antifreeze and de-icing applications in the automotive and aviation industries have bolstered its market presence. With increasing industrial activities and technological advancements, the market is poised for further growth.
The Russia 1, 2-propylene glycol market is driven primarily by its diverse industrial applications. The chemical is extensively used as a raw material in the production of unsaturated polyester resins, which are utilized in the manufacturing of reinforced plastics and fiberglass. The growing demand from the automotive and construction sectors, which rely on these materials for various applications, propels the market forward. Additionally, the expanding pharmaceutical and cosmetic industries in Russia, which use 1, 2-propylene glycol as a solvent and moisturizer, further stimulate market growth. The rising focus on eco-friendly and sustainable products also contributes, as manufacturers seek to adopt propylene glycol derived from renewable resources.
The Russia 1, 2-Propylene Glycol market faces several challenges, primarily driven by economic fluctuations and regulatory changes. The volatility in crude oil prices, which significantly impacts the cost of raw materials, poses a major challenge. Additionally, stringent environmental regulations regarding the production and disposal of chemicals increase operational costs and require substantial investments in sustainable technologies. The market also grapples with competition from international players who offer lower-priced products due to economies of scale, making it difficult for domestic manufacturers to maintain market share. Furthermore, geopolitical tensions and sanctions can disrupt supply chains, affecting the timely availability of raw materials and finished products.
The Russia government has implemented various policies to support the chemical industry, including the production of 1, 2-propylene glycol. These policies include subsidies for local manufacturers, tax incentives, and import tariffs to protect domestic producers from foreign competition. Additionally, the government emphasizes the importance of adhering to environmental regulations and promoting sustainable production methods, aligning with global environmental standards.
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 Russia 1,2-Propylene Glycol Market Overview |
3.1 Russia Country Macro Economic Indicators |
3.2 Russia 1,2-Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Russia 1,2-Propylene Glycol Market - Industry Life Cycle |
3.4 Russia 1,2-Propylene Glycol Market - Porter's Five Forces |
3.5 Russia 1,2-Propylene Glycol Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Russia 1,2-Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Russia 1,2-Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Russia 1,2-Propylene Glycol Market Trends |
6 Russia 1,2-Propylene Glycol Market Segmentations |
6.1 Russia 1,2-Propylene Glycol Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Industrial Grade 1,2-Propylene Glycol, 2021-2031F |
6.1.3 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Food Grade 1,2-Propylene Glycol, 2021-2031F |
6.1.4 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Pharmaceutical Grade 1,2-Propylene Glycol, 2021-2031F |
6.2 Russia 1,2-Propylene Glycol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins (UPR), 2021-2031F |
6.2.3 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Functional Fluids, 2021-2031F |
6.2.4 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Cosmetics, Pharmaceutics and Food, 2021-2031F |
6.2.5 Russia 1,2-Propylene Glycol Market Revenues & Volume, By Liquid Detergents, 2021-2031F |
7 Russia 1,2-Propylene Glycol Market Import-Export Trade Statistics |
7.1 Russia 1,2-Propylene Glycol Market Export to Major Countries |
7.2 Russia 1,2-Propylene Glycol Market Imports from Major Countries |
9 Russia 1,2-Propylene Glycol Market - Opportunity Assessment |
9.1 Russia 1,2-Propylene Glycol Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Russia 1,2-Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Russia 1,2-Propylene Glycol Market - Competitive Landscape |
10.1 Russia 1,2-Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 Russia 1,2-Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |