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Top 5 manufacturers in Food Grade Propylene Glycol Market

 

Prof Research published a new report on the Food Grade Propylene Glycol market. It presents the largest 5 manufacturers in Food Grade Propylene Glycol Market. The report is a professional and in-depth study of the current state of the global Food Grade Propylene Glycol market. The report provides key statistics on the market of Food Grade Propylene Glycol. It is a valuable source of guidance and direction for companies and individuals interested in the Food Grade Propylene Glycol industry.


The global Food Grade Propylene Glycol market was valued to be 1,132.1 million USD in 2022. The Food Grade Propylene Glycol production value is anticipated to have growth with a CAGR of -2.37% in the coming years to reach 980.6 million USD in 2028.


Dow is the largest manufacturer of Food Grade Propylene Glycol in the world, and it has a market share of 44.6% in value. Dow Inc. is a multinational chemical corporation based in Midland, Michigan, United States. The company was founded in 1897 by Herbert Dow and is now one of the world's largest chemical manufacturers, providing a wide range of products and services to various industries. Dow operates in three main business segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics. The Performance Materials & Coatings segment produces materials that are used in a variety of applications, including adhesives, coatings, and building and construction materials. The Industrial Intermediates & Infrastructure segment produces products such as solvents, monomers, and resins that are used in the production of various consumer and industrial goods. The Packaging & Specialty Plastics segment produces a range of specialized plastic products for the packaging industry.


LyondellBasell is the second largest manufacturer of Food Grade Propylene Glycol in the world, and it has a market share of 18.3% in value. LyondellBasell is one of the largest plastics, chemicals, and refining companies in the world. The company is headquartered in Houston, Texas, and has operations in more than 100 countries around the world. LyondellBasell was formed in 2007 through the merger of Dutch-based Lyondell Chemical Company and Houston-based Basell Polyolefins.


INEOS is the third largest manufacturer of Food Grade Propylene Glycol in the world, and it has a market share of 6.2% in value. INEOS is a multinational chemical company based in London, UK, that specializes in the production and manufacturing of petrochemicals, specialty chemicals, and oil and gas. The company was founded in 1998 by Sir Jim Ratcliffe, a British billionaire entrepreneur, and has grown rapidly over the years through a series of acquisitions and investments.


ADM is the fourth largest manufacturer of Food Grade Propylene Glycol in the world, and it has a market share of 4.6% in value. Archer-Daniels-Midland (ADM) is an American multinational food processing and commodities trading corporation headquartered in Chicago, Illinois. The company was founded in 1902 and has grown to become one of the world's largest processors of soybeans, corn, and wheat, producing a wide range of food and animal feed ingredients, as well as industrial and energy products. ADM operates through four main business segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment buys, stores, and transports agricultural commodities, such as soybeans, corn, and wheat, and processes them into food ingredients, animal feed, and biofuels. The Carbohydrate Solutions segment produces sweeteners, starches, and other ingredients used in food and industrial applications. The Nutrition segment manufactures and sells specialty ingredients, such as protein concentrates and hydrolysates, and provides customized food and beverage solutions. The Other segment includes the company's various businesses and investments in industries such as animal nutrition, cocoa, and ethanol production.