The latest report titled “Propylene Glycol Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Propylene Glycol.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Propylene Glycol production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Propylene Glycol Production Process:
1. Propylene Glycol Production Cost Via Direct Hydrolysis: This report presents the detailed production methodology and cost analysis of propylene glycol industrial production across propylene glycol manufacturing plants. In this process, propylene oxide undergoes direct hydrolysis with water to produce propylene glycol.
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2. Propylene Glycol Production Cost Via Chlorohydrin process: This report provides the thorough economics of propylene glycol industrial production across propylene glycol manufacturing plants. In this process, propylene monomer reacts with hypochlorous acid, resulting in propylene chlorohydrin. Subsequently, the propylene chlorohydrin reacts with sodium hydroxide to produce propylene glycol.
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3. Propylene Glycol Production Cost Via Peroxidation: This report presents the extensive cost requirement of propylene glycol industrial production across propylene glycol manufacturing plants. In this process, hydrogen peroxide and propylene monomer undergo a reaction to produce propylene oxide. Subsequently, the resulting propylene oxide is subjected to a hydration process to form propylene glycol.
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Product Definition:
Propylene Glycol (PG) is a synthetic, odorless, and colorless organic compound with the chemical formula C3H8O2. It is a viscous liquid that belongs to the family of diols, also known as glycols. Propylene Glycol is produced through the hydration of propylene oxide, a petrochemical derivative. It finds widespread use across various industries due to its versatile properties. In the food and pharmaceutical sectors, PG serves as a safe and effective additive, functioning as a humectant, solvent, and preservative. It is also commonly utilized in cosmetics and personal care products to improve texture and stability. Moreover, Propylene Glycol has a lower freezing point than water, making it a valuable ingredient in antifreeze solutions and de-icing products. Additionally, its ability to absorb and retain moisture makes it a preferred component in air humidifiers and e-cigarette liquids. However, due to its potential health risks when ingested in large quantities, PG must be used responsibly and within established safety guidelines.
Market Drivers:
The market drivers for Propylene Glycol (PG) are primarily influenced by its versatile applications across diverse industries. One of the key drivers is the growing demand in the food and pharmaceutical sectors, where PG serves as a safe and effective additive, contributing to increased consumption. In the cosmetics and personal care industry, PG’s role as a humectant and stabilizer fuels its market growth. The automotive sector also drives demand, as PG’s antifreeze properties make it a crucial component in coolants and de-icing products.
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Moreover, the expanding e-cigarette market has led to a surge in PG usage in e-liquids due to its ability to create vapor and enhance flavors. Additionally, PG’s presence in air humidifiers, solvent formulations, and industrial applications further boosts its market demand. As sustainability and environmental concerns grow, PG’s eco-friendly nature acts as an additional driver, attracting eco-conscious industries seeking greener alternatives. These factors collectively contribute to the steady expansion of the Propylene Glycol market.
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