Global Propylene Carbonate Market Overview:
Propylene carbonate is a cyclic carbonate ester derived from the propylene glycol. Propylene carbonate market has high growth prospects owing to rising demand from the numerous industries such as paints & coatings, cosmetic & personal care, chemical, plastic, textile, energy & power, and others. Growing construction infrastructure globally supplementing the growth of propylene carbonate market. In addition, rising demand from the developing economies expected to drive the demand for propylene carbonate market over the forecasted period.
Growth Drivers
- Rising Demand for the Paint and Coating Products
- Increasing Demand for the Cosmetic Products
Roadblocks
- Propylene Carbonate is Flammable in Nature
- Stringent Government Regulations Regarding Flammable Liquids
Opportunities
- Growing Construction Industry Worldwide
- Rising Demand from the Developing Economies
Challenges
- Lack of Awareness in the Low and Middle-Income Countries
Competitive Landscape:
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are BASF (Germany), Huntsman (United States), LyondellBasell (Netherlands), Shida Shenghua Chemical (China), Shandong Depu Chemical (China), Hi-Tech Spring Chemical (China), Linyi Evergreen Chemical (China), Taixing Fengming Chemical (China), Dow Chemical Company (United States) and Archer Daniels Midland Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Global Bio-chem Technology Group Co., Ltd. (China), Daze Group (China), Lixing Chemical (China) and Shandong Feiyang Chemical (China). Analyst at AMA Research see Chinese Vendors to retain maximum share of Global Propylene Carbonate market by 2026. Considering Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Propylene Carbonate market. Considering Market by End User, the sub-segment i.e. Paints & Coatings will boost the Propylene Carbonate market.
“The Center for Waste Reduction Technologies (CWRT) of the American Institute of Chemical Engineers and the Institution of Chemical Engineers (IChemE) proposed a set of sustainability metrics that are applicable to a specific chemical process: Material intensity (nonrenewable resources of raw materials, solvents/unit mass of products) Energy intensity (nonrenewable energy/unit mass of products) Potential environmental impact (pollutants and emissions/unit mass of products) Potential chemical risk (toxic emissions/unit mass of products) This study estimates the sustainability metrics of ‘material intensity,’ ‘energy intensity,’ and ‘potential environmental impacts.’ The ‘Carbon Tracking’ and ‘Global Warming Potential’ features of the Aspen Plus simulation package has been used to estimate the CO2 emission during the production of propylene carbonate and polypropylene carbonate”
What Can be Explored with the Propylene Carbonate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Propylene Carbonate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Propylene Carbonate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Propylene Carbonate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Propylene Carbonate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of, Distributors of, Potential Investors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.