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Propane-1,2-diol is referred to as propane glycol. It is colorless, hygroscopic, and a viscous liquid. It comprises two alcohol groups which are classed as a diol. The texture of the compound is syrupy and oils.

The chemical formula of propane glycol is CH₃CHCH₂OH. This chemical compound is miscible in various solvents like acetone, chloroform, and water. It melts at -59 °C which means it has a low melting point. It helps in preserving moisture and easily helps in dissolving flavors and colors.

Propane-1,2-diol is nearly an odorless compound but possesses a slightly sweet taste. It plays a very essential role in Escherichia coli metabolite and human metabolite. It is also employed as an emulsifying agent. In the manufacturing of the drug industry, it is utilised as a solvent.

The Asia Pacific accounts for the world’s largest producer of propane glycol across the globe and has the highest market revenue and it is followed by North America.

Key Details About the Propane-1,2-diol Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane-1,2-diol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Propane-1,2-diol price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Propane-1,2-diol Price Trend:

Industrial uses impacting the Propane-1,2-diol price trend primarily include food and beverages, pharmaceuticals, personal care, cosmetics, paints, and coatings, the textile industry, construction, and buildings.

Key Market Players:

• The Dow Chemical Company
• LyondellBasell Industries N.V.
• BASF SE
• Archer Daniels Midland Company
• Global Bio-chem Technology Group Co., Ltd
• DuPont Tate
• Lyle Bio Products

News and Events:

• March 28, 2022: Different and new advances are employed in the field of biotechnology for the specialty compounds like lactic acid, propane glycol, citric acid, and certain amino acids by the process of fermentation. These techniques provide conservation of energy and low-cost mixed substrates.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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