Global Tripropylene Glycol Market: Overview

Tripropylene glycol or TPG is a mixture of isomers. Isomers are compounds wherein atoms with the same chemical composition are arranged in a different manner. It is a colorless liquid with negligible odor and moderate viscosity. TPG is completely soluble in water and is hygroscopic in nature (it attracts water from atmosphere). TPG consists of nine carbon, 20 hydrogen, and four oxygen atoms. TPG is a by-product of the manufacture of monopropylene glycol. At high temperature and pressure, water is added to propylene oxide, which results in the formation of mono propylene glycol (90%) and mixture of propylene glycol and tripropylene glycol (10%). Excess of water can be removed by passing the mixture through evaporators and drying towers.

In terms of grade, tripropylene is of two types: tripropylene glycol regular grade and tripropylene glycol acrylate grade of high purity. It is used as a chemical block in the production of polyurethane foam. TPG can also be used as a solvent in different applications. It is used as varnish remover, cleaning formulation for hard surface, anti-freezing agent, carburetor fuel additive, ingredient in emulsifiers, plasticizers, hydraulic fluids; and disinfectant in cosmetics and cooling media. It is also employed in the oil penetration process. High-purity tripropylene glycol acrylate can be used as a raw material for the production of printing inks, varnishes, and paints in the radiation cure industry. It is typically reacted with acrylic acid to form tripropylene glycol diacrylate. TPG products are stored using ultraviolet, visible, or electron-beam radiations. Tripropylene glycol is primarily used in acrylate applications, polymer production, in solvent lubricants as textile soaps. Commercially, TPG can be used as an intermediate chemical in the manufacture of polyurethane, printing inks, textile lubricants, and latex paints. Rarely, TPG is used in a limited number of personal care products.

TPG is not a hazardous chemical. It is harmful to neither humans nor the environment. Eye contact with TPG may lead to slight irritation; however, skin contact may not lead to irritation. Inhalation of TPG is unexpected, due to its low vapor pressure. It has low toxicity when swallowed; however, consumption in higher amount can lead to injury. The key driving factor for the TPG market is different applications of TPG. Tripropylene glycol acrylate grade have several advantages such as good finish quality, compact plant size, good energy efficiency, and excellent speed processing. Also, it does not require any post-curing and it has low volatile organic compound (VOC) emissions. There are certain precautionary measures to be taken. TPG should be used only with proper ventilation and contact with skin, eyes, and clothes should be avoided. It should be kept closed in a container. Washing hands thoroughly after the use of TPG is required.

Europe and North America are dominant regions in the global tripropylene glycol market. The market is driven by major usage of TPG in industrial and commercial sectors. In terms of demand, the U.S. leads the global tripropylene glycol market.  In The U.S., growing environmental concerns and emergence of new, domestic manufacturers of bio-based propylene glycol have shifted the consumers’ interest toward using eco-friendly chemicals. The market in Asia Pacific is expected to witness tremendous growth during the forecast period, due to expansion of pharmaceuticals and cosmetics industries in countries such as China. Rest of the World held minimum share in the global tripropylene glycol market in the last few years. However, this scenario is anticipated to change during the forecast period, due to growth of the industries in the region. The market in RoW is likely to witness positive growth in the next few years.

Some of the key players in the global tripropylene glycol market are Dow Chemical Company, BASF SE, LyondellBasell Industries N.V., Archer Daniels Midland Company, and Parchem Fine & Specialty Chemicals.  

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
  • Europe
  • 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.

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Tripropylene Glycol Market

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