Dipropylene glycol is typically a colorless, odorless liquid which possesses moderate viscosity. Dipropylene glycol has low volatility and is totally soluble in water. Dipropylene glycol is hygroscopic i.e. it attracts water from atmosphere. A distinctive feature of dipropylene glycol as compared to other types of glycols is its wider range of solvency. Particularly, the ability of dipropylene glycol to solubilize oil such as castor oil makes dipropylene glycol highly useful for a wide range of applications. The two main grades of dipropylene glycol include regular grade and a high purity grade having low odor. The typical applications of regular grade dipropylene glycol include urethanes and paints and coatings while the major applications of high purity grade of dipropylene glycol include cosmetics, fragrance and personal care. The growing demand for dipropylene glycol from all such applications is expected to drive the global dipropylene glycol market in the next few years.
The regular grade dipropylene glycol is mainly used as a reactive intermediate in the production of polyurethanes, high-performance unsaturated polyester resins and plasticizers. The regular grade dipropylene glycol peculiarly has high solvency, low toxicity, low evaporation rate, low odor and high viscosity, ultimately making it a widely preferred chemical intermediate in a variety of applications. The major applications of regular grade dipropylene glycol include high-volume plasticizer, as a reactant in unsaturated polyurethane resins, addition of hydrolytic stability and flexibility, as an initiator in urethane polyols and as a polyol in certain rigid polyurethane systems, as reactive diluents in radiation cured resins and coatings, for cutting viscosity and allowing easier application. The other uses of regular grade dipropylene glycol mainly comprise hydraulic brake fluids, textile lubricants, cutting oils, printing inks, industrial soaps, coatings and solvents for chemicals used in agricultural applications such as insecticides.
The high-purity grade dipropylene glycol is specifically designed for odor-sensitive applications including fragrances and cosmetics. The high-purity grade dipropylene glycol is mainly a distilled product which has purity more than 99.5% as dipropylene glycol and is a liquid which is colorless, odorless, hygroscopic and water-soluble. The high-purity grade dipropylene glycol offers exceptional co-solvency for oils, water and hydrocarbons, has low skin irritation potential and minimal odor and possesses low toxicity with consistent isomer distribution. All these properties make high-purity grade dipropylene glycol an ideal choice in applications such as skin care products including lotions, creams and sun-care products, perfumes and colognes, deodorants or antiperspirants including roll-on and stick deodorants, shower and bath products, hair care products including conditioners, shampoos, coloring and styling products and shaving products including foams, creams, gels and after-shave lotions.
The developing economies in Asia Pacific region are expected to be the fastest growing market for dipropylene glycol in the next few years primarily due to growing demand for dipropylene glycol used in plasticizers and in polyurethane resins. Additionally, the demand for dipropylene glycol for textile lubricants is further anticipated to aggravate in India and China considering their extensive growth in textile chemical industry. Moreover, the considerable growth in industrialization in these countries thereby increases demand for dipropylene glycol in printing inks, automotive industry and several other end-user industries. In addition to this, the developed regions across the U.S. and European countries are progressively recovering from the sluggish economic conditions and further boosting the global demand for dipropylene glycol. Considering this outlook, the demand for dipropylene glycol application products is expected to record an outstanding growth in the next few years.
Some of the major companies functioning in dipropylene glycol are Shell Global, LyondellBasell, The Dow Chemical Company, Huntsman Corporation, Dupont Tate & Lyle Bio Products LLC, Manali Petrochemicals Limited.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.