Global Propoxylates Market Introduction
Propoxylates are the types of monomers majorly used in the manufacturing of surfactants. Various types of propoxylates are consumed in the coating applications. Various types of propoxylates which are majorly used, in the industrial applications, includes glycerine-propoxylated polyols, propoxylated glycerin, glycerol propoxylate triglycidyl ether, bisphenol A propoxylate and pentaerythritol propoxylate amongst others. The applications of propoxylates includes coatings, sealants, adhesives, building and construction components, elastomers, urethane foams insulation, and appliances. Propoxylates also find its applications as foaming agents, detergents, and wetting agents. Some of the propoxylates are also used as a sealants and adhesives in specialty applications. Bisphenol A propoxylates are majorly used as in glass fiber reinforcement and corrosion protection. These propoxylates are also used as toner resins, in electro-deposition coatings, and epoxy coatings. Due to their good surface properties, propoxylates are widely used as additive in surfactants and detergents. Growing demand for coating industry is pushing the surfactants demand, which is expected to drive the propoxylates market in the coming years.
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Market Dynamics of Propoxylates Market
Rising demand for surfactants from coating, cosmetics, and other industries is driving the propoxylates market
Propoxylates market has witnessed a boost in demand in last few years, due to increasing demand for propoxylates from coatings and cosmetic industry. Large number of propoxylates are used as surfactants during manufacturing the specialty coatings, foam, detergents, and cosmetics. Improved properties of end use products with the use of propoxylates, is pushing its demand from these applications. Increasing end use industries including cosmetics, chemical, and automotive amongst others, is driving the demand for propoxylates, globally. Rise in use of surface property enhancers in paints and coating applications is also pushing the demand for these chemicals.
Stringent regulations in the developed countries
Regulations on manufacturing, transportation, sales, use, and disposal of propoxylates, may act as a restraining factor for the propoxylates market growth. Developed countries in North America and Europe are enforcing the stringent regulations on various chemicals use and disposal. Rising environmental and safety regulations are creating new challenges for the growth of the propoxylates market.
New product developments and contracts and agreements
Large players are pushing their revenue growth through sustainable strategies. Investment in research and developments for developing the improved and efficient products in the propoxylates market. Contracts and agreements are observed in the market to develop a strong distribution channel for their products. Joint venture and mergers may also favored by some of the big players to grab the market share in the emerging markets of propoxylates.
Global Propoxylates Market Segmentation
On the basis of type, the global propoxylates market can be segmented as:
- Propoxylated Glycerin
- Bisphenol A Propoxylate
- Pentaerythritol propoxylate
On the basis of applications, the global propoxylates market can be segmented as:
- Paints & Coatings
- Cosmetics & Personal Care
- Tonner Resin
- Other Applications
On the basis of end user industry, the global propoxylates market can be segmented as:
- Soaps & detergents
- Other industrial
Propoxylates Market: Regional Outlook
High income growth in the population of emerging Asian countries, is pushing the demand for propoxylates in this region. Asia Pacific accounted for the major share in the propoxylates market, followed by North America. Various political decisions are affecting the trade in the U.S. Market. Which is directly fluctuating the market scenario in the North America. Recovering European economy is also creating better opportunities for propoxylates market in coming years. Total demand for propoxylates in Europe is significantly low compared to that of Asia Pacific. However presence of large automotive industry in Europe and growing exports, is expected to drive automotive paints and coatings market in Europe. This will ultimately push the demand for propoxylates in European market. Latin America followed Europe in terms of demand for propoxylates, whereas Middle East & Africa accounted for a small value market share showcasing a fast growth in this region.
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Global Propoxylates Market Participants
Some of the market participants identified across the value chain of global propoxylates market are:
- Dow DuPont
- LEUNA-Tenside GmbH
- Glentham Life Sciences Limited
- Mahavir Expochem
- Molecular Dimensions
- Shree Vallabh Chemicals
- Viswaat Chemicals Limited
- MARUZEN PETROCHEMICAL
- GRR Fine Chem.
- Parchem fine & specialty chemicals
- Wuhan Bright Chemical
- Rigaku Reagents