Propylene glycol is an organic compound produced from both petroleum and bio-based sources. It is colorless, odorless, clear, and dense. Propylene glycol acts as a solvent, emulsifier, excipient, and hygroscopic agent. It is used in unsaturated polyester resin, antifreeze & deicing fluids, food, pharmaceuticals & cosmetics, liquid detergents, and plasticizers. Note1: Core competencies of the companies are captured in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their position in the market.