The global Propylene Glycol Market is projected to grow steadily from 2025 to 2035, supported by rising demand across industries such as pharmaceuticals, food & beverage, cosmetics, automotive, construction, and industrial manufacturing. This report aims to provide a comprehensive understanding of the market by outlining its definition, segmentation, growth potential, emerging trends, and key challenges that influence market dynamics. Extensive research and analysis were conducted during the preparation of this study, with data verified through reliable industry sources, company publications, and insights from market experts. To enhance clarity and visualization, charts, graphs, and diagrams are incorporated throughout the report, enabling readers to better interpret market data and trends. The study includes detailed company profiles covering production capabilities, product portfolios, cost structures, technological advancements, and strategic initiatives. Historical data from 2020 to 2024 and forecasts from 2025 to 2035 provide a complete view of market development. Additionally, the report highlights major market drivers, restraints, competitive landscape features, and regional trends to support decision-making for stakeholders across the propylene glycol value chain.
1. Market Segmentation — Propylene Glycol Market
Propylene glycol (PG) is a versatile organic compound widely used as a solvent, humectant, antifreeze component, and chemical intermediate. The market can be segmented by source, grade, type, application, and end-use industry.
A. By Source
1. Petroleum-Based Propylene Glycol
2. Bio-Based Propylene Glycol
B. By Grade
1. Industrial Grade
2. Pharmaceutical Grade
3. Food Grade
C. By Type
1. Mono-Propylene Glycol (MPG)
2. Dipropylene Glycol (DPG)
3. Tripropylene Glycol (TPG)
D. By Application
1. Unsaturated Polyester Resins (UPR)
2. Pharmaceuticals
3. Food & Beverage
4. Cosmetics & Personal Care
5. Antifreeze & De-Icing Fluids
6. Industrial Applications
E. By End-Use Industry
2. Key Players in the Propylene Glycol Market
Major producers and global suppliers include:
These companies are involved in large-scale petrochemical production, bio-based PG development, and specialty chemical supply.
3. Regional Analysis — Propylene Glycol Market
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Market Drivers & Restraints — Propylene Glycol Market
Market Drivers
1. Strong Demand from Pharmaceuticals and Personal Care Industries
Propylene glycol is used as:
Growing pharmaceutical production and rising personal care consumption worldwide continue to drive PG demand.
2. Rising Use in Food & Beverage Processing
PG is widely used as:
Increasing consumption of processed foods, beverages, and bakery products boosts PG applications.
3. Expanding Automotive and Transportation Sector
Propylene glycol is a key component in:
Rising vehicle production and demand for efficient thermal management in electric vehicles strengthen PG consumption.
4. Growth of Unsaturated Polyester Resin (UPR) Applications
UPR is extensively used in:
The expanding global construction and infrastructure sector significantly fuels demand for PG.
5. Increasing Preference for Bio-Based Propylene Glycol
Bio-based PG production from glycerin and other renewable feedstocks is growing due to:
This trend opens new growth opportunities for eco-friendly PG solutions.
6. Versatility Across Industrial Applications
Propylene glycol is used in:
Its multifunctionality ensures widespread adoption across multiple industries.
Market Restraints
1. Fluctuations in Raw Material Prices
Production of petrochemical-derived PG relies on propylene oxide, the pricing of which is influenced by:
This creates instability in PG pricing and profitability.
2. Regulatory Pressure on Petrochemical-Based Glycols
Regulations targeting:
These increase compliance costs and accelerate the shift toward bio-based alternatives.
3. Availability of Substitute Glycols
Markets such as antifreeze and industrial fluids face competition from:
In some cases, substitutes may offer lower cost or better performance.
4. Quality Control Challenges in Developing Markets
Inconsistent production standards or adulteration can impact:
Quality issues reduce confidence among downstream users.
5. High Energy Consumption in Production
Propylene glycol production, especially petrochemical-based variants, requires significant thermal and catalytic processing, raising operational costs.
The global Propylene Glycol (PG) Market is anticipated to grow steadily from 2025 to 2035, driven by its wide-ranging applications across pharmaceuticals, food & beverage, cosmetics, automotive, construction, and industrial sectors. Propylene glycol, a versatile organic compound, is valued as a solvent, humectant, antifreeze component, and chemical intermediate in numerous industries. Both petroleum-based and bio-based PG variants are experiencing strong demand, with bio-based PG gaining traction due to sustainability regulations and the global shift toward greener chemicals.
The market is being shaped by rising use in unsaturated polyester resins (UPR) for construction composites, increasing adoption in personal care and pharmaceutical formulations, and expanding applications in functional fluids, including automotive antifreeze, heat-transfer fluids, and de-icing systems. Additionally, growth in processed food consumption, expansion of cosmetic manufacturing in developing countries, and the steady rise of pharmaceutical production globally continue to strengthen market demand.
Despite positive growth trends, the market faces challenges such as fluctuating petrochemical feedstock prices, regulatory pressure toward biodegradable alternatives, and competition from substitute glycols in specific applications. However, increasing investments in bio-based production technologies, innovations in resin chemistry, and growth in end-use industries such as electric vehicles, construction, and industrial processing create significant opportunities for market expansion.
Regionally, Asia-Pacific dominates the global market, supported by large chemical manufacturing bases and rapid industrialization, followed by North America and Europe, which show considerable demand in food, pharmaceuticals, and personal care industries. Emerging markets in Latin America and the Middle East & Africa are also showing promising growth due to rising consumer goods production and expanding industrial applications.
Overall, the propylene glycol market is positioned for steady long-term growth as industries increasingly adopt PG for its safety profile, functional versatility, and expanding range of high-performance applications.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2020 to 2024 and forecast data from 2025 to 2035.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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Chapter 1 Industry Overview
1.1 Definition
1.2 Brief Introduction by Major Type
1.2.1 Reinforced Plastic Laminates
1.2.2 Sheet Molding Compounds
1.2.3 Electrical Components
1.2.4
1.2.5
1.2.6
1.2.7
1.2.8
1.2.9
1.3 Brief Introduction by Major Application
1.3.1 Food, Pharmaceuticals & Cosmetics
1.3.2 Antifreeze & Functional Fluids
1.3.3 Liquid Detergents
1.3.4 Plasticizers
1.3.5 Others
1.3.6
1.3.7
1.3.8
1.3.9
1.4 Brief Introduction by Major Regions
1.4.1 United States
1.4.2 Europe
1.4.3 China
1.4.4 Japan
1.4.5 India
1.5 Brief Introduction by Major
1.5.1
1.5.2
1.5.3
1.5.4
1.5.5
1.5.6
1.5.7
1.5.8
1.5.9
1.6 Brief Introduction by Major
1.6.1
1.6.2
1.6.3
1.6.4
1.6.5
1.6.6
1.6.7
1.6.8
1.6.9
1.7 Brief Introduction by Major
1.7.1
1.7.2
1.7.3
1.7.4
1.7.5
1.7.6
1.7.7
1.7.8
1.7.9
1.8 Brief Introduction by Major
1.8.1
1.8.2
1.8.3
1.8.4
1.8.5
1.8.6
1.8.7
1.8.8
1.8.9
Chapter 2 Production Market Analysis
2.1 Global Production Market Analysis
2.1.1 Global Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis
2.1.2 Major Manufacturers Performance and Market Share
2.2 Regional Production Market Analysis
2.2.1 Regional Market Performance and Market Share
2.2.2 United States Market
2.2.3 Europe Market
2.2.4 China Market
2.2.5 Japan Market
2.2.6 India Market
2.2.7 Market
Chapter 3 Sales Market Analysis
3.1 Global Sales Market Analysis
3.1.1 Global Sales Volume, Sales Price and Sales Revenue Analysis
3.1.2 Major Manufacturers Performance and Market Share
3.2 Regional Sales Market Analysis
3.2.1 Regional Market Performance and Market Share
3.2.2 United States Market
3.2.3 Europe Market
3.2.4 China Market
3.2.5 Japan Market
3.2.6 India Market
3.2.7 Market
Chapter 4 Consumption Market Analysis
4.1 Global Consumption Market Analysis
4.1.1 Global Consumption Volume Analysis
4.2 Regional Consumption Market Analysis
4.2.1 Regional Market Performance and Market Share
4.2.2 United States Market
4.2.3 Europe Market
4.2.4 China Market
4.2.5 Japan Market
4.2.6 India Market
4.2.7 Market
Chapter 5 Production, Sales and Consumption Market Comparison Analysis
5.1 Global Production, Sales and Consumption Market Comparison Analysis
5.2 Regional Production, Sales Volume and Consumption Volume Market Comparison Analysis
5.2.1 United States
5.2.2 Europe
5.2.3 China
5.2.4 Japan
5.2.5 India
5.2.6
Chapter 6 Major Manufacturers Production and Sales Market Comparison Analysis
6.1 Global Major Manufacturers Production and Sales Market Comparison Analysis
6.1.1 Global Major Manufacturers Production and Sales Market Comparison
6.2 Regional Major Manufacturers Production and Sales Market Comparison Analysis
6.2.1 United States
6.2.2 Europe
6.2.3 China
6.2.4 Japan
6.2.5 India
6.2.6
Chapter 7 Major Type Analysis
7.1 Major Type Market Share
7.2 Reinforced Plastic Laminates
7.3 Sheet Molding Compounds
7.4 Electrical Components
7.5
7.6
7.7
7.8
7.9
7.10
Chapter 8 Major ApplicationAnalysis
8.1 Major Application Market Share
8.2 Food, Pharmaceuticals & Cosmetics
8.2.1 Sales Analysis
8.3 Antifreeze & Functional Fluids
8.3.1 Sales Analysis
8.4 Liquid Detergents
8.4.1 Sales Analysis
8.5 Plasticizers
8.5.1 Sales Analysis
8.6 Others
8.6.1 Sales Analysis
8.7
8.7.1 Sales Analysis
8.8
8.8.1 Sales Analysis
8.9
8.9.1 Sales Analysis
8.10
8.11.1 Sales Analysis
Chapter 9 Industry Chain Analysis
9.1 Up Stream Industries Analysis
9.1.1 Raw Material and Suppliers
9.1.2 Equipment and Suppliers
9.2 Manufacturing Analysis
9.2.1 Manufacturing Process
9.2.2 Manufacturing Cost Structure
9.2.3 Manufacturing Plants Distribution Analysis
9.3 Industry Chain Structure Analysis
Chapter 10 Global and Regional Market Forecast
10.1 Production Market Forecast
10.1.1 Global Market Forecast
10.1.2 Major Region Forecast
10.2 Sales Market Forecast
10.2.1 Global Market Forecast
10.2.2 Major Classification Forecast
10.3 Consumption Market Forecast
10.3.1 Global Market Forecast
10.3.2 Major Region Forecast
10.3.3 Major Application Forecast
Chapter 11 Major Manufacturers Analysis
11.1 Dupont Tate & Lyle Bio Products Company, LLC
11.1.1 Company Introduction
11.1.2 Product Specification and Major Types Analysis
11.1.3 Production Market Performance
11.1.4 Sales Market Performance
11.1.5 Contact Information
11.2 BASF SE
11.2.1 Company Introduction
11.2.2 Product Specification and Major Types Analysis
11.2.3 Production Market Performance
11.2.4 Sales Market Performance
11.2.5 Contact Information
11.3 The DOW Chemical Company
11.3.1 Company Introduction
11.3.2 Product Specification and Major Types Analysis
11.3.3 Production Market Performance
11.3.4 Sales Market Performance
11.3.5 Contact Information
11.4 Lyondellbasell Industries N.V.
11.4.1 Company Introduction
11.4.2 Product Specification and Major Types Analysis
11.4.3 Production Market Performance
11.4.4 Sales Market Performance
11.4.5 Contact Information
11.5 Huntsman Corporation
11.5.1 Company Introduction
11.5.2 Product Specification and Major Types Analysis
11.5.3 Production Market Performance
11.5.4 Sales Market Performance
11.5.5 Contact Information
11.6 Royal Dutch Shell PLC.
11.6.1 Company Introduction
11.6.2 Product Specification and Major Types Analysis
11.6.3 Production Market Performance
11.6.4 Sales Market Performance
11.6.5 Contact Information
11.7 Temix International S.R.L.
11.7.1 Company Introduction
11.7.2 Product Specification and Major Types Analysis
11.7.3 Production Market Performance
11.7.4 Sales Market Performance
11.7.5 Contact Information
11.8 Archer Daniels Midland Company
11.8.1 Company Introduction
11.8.2 Product Specification and Major Types Analysis
11.8.3 Production Market Performance
11.8.4 Sales Market Performance
11.8.5 Contact Information
11.9 Global Bio-Chem Technology Group Co., Ltd.
11.9.1 Company Introduction
11.9.2 Product Specification and Major Types Analysis
11.9.3 Production Market Performance
11.9.4 Sales Market Performance
11.9.5 Contact Information
11.10 SKC Co., Ltd.
11.10.1 Company Introduction
11.10.2 Product Specification and Major Types Analysis
11.10.3 Production Market Performance
11.10.4 Sales Market Performance
11.10.5 Contact Information
11.11 Ineos Oxide (Switzerland)
11.11.1 Company Introduction
11.11.2 Product Specification and Major Types Analysis
11.11.3 Production Market Performance
11.11.4 Sales Market Performance
11.11.5 Contact Information
11.12 Asahi Glass Co., Ltd. (Japan)
11.12.1 Company Introduction
11.12.2 Product Specification and Major Types Analysis
11.12.3 Production Market Performance
11.12.4 Sales Market Performance
11.12.5 Contact Information
11.13 Adeka Corporation (Japan)
11.13.1 Company Introduction
11.13.2 Product Specification and Major Types Analysis
11.13.3 Production Market Performance
11.13.4 Sales Market Performance
11.13.5 Contact Information
11.14 Manali Petrochemicals Limited (India)
11.14.1 Company Introduction
11.14.2 Product Specification and Major Types Analysis
11.14.3 Production Market Performance
11.14.4 Sales Market Performance
11.14.5 Contact Information
11.15 Qingdao Shida Chemical Co., Ltd. (China)
11.15.1 Company Introduction
11.15.2 Product Specification and Major Types Analysis
11.15.3 Production Market Performance
11.15.4 Sales Market Performance
11.15.5 Contact Information
11.16 Tongling Jintai Chemical Industrial Co., Ltd. (China)
11.16.1 Company Introduction
11.16.2 Product Specification and Major Types Analysis
11.16.3 Production Market Performance
11.16.4 Sales Market Performance
11.16.5 Contact Information
11.17 Dongying Hi-Tech Spring Chemical Industrial Co., Ltd. (China)
11.17.1 Company Introduction
11.17.2 Product Specification and Major Types Analysis
11.17.3 Production Market Performance
11.17.4 Sales Market Performance
11.17.5 Contact Information
11.18 Shandong Depu Chemical Industry Science and Technology Co., Ltd (China)
11.18.1 Company Introduction
11.18.2 Product Specification and Major Types Analysis
11.18.3 Production Market Performance
11.18.4 Sales Market Performance
11.18.5 Contact Information
11.19 Chaoyang Chemicals, Inc. (U.S.)
11.19.1 Company Introduction
11.19.2 Product Specification and Major Types Analysis
11.19.3 Production Market Performance
11.19.4 Sales Market Performance
11.19.5 Contact Information
11.20 Oleon Nv (Belgium)
11.20.1 Company Introduction
11.20.2 Product Specification and Major Types Analysis
11.20.3 Production Market Performance
11.20.4 Sales Market Performance
11.20.5 Contact Information
11.21
Golden Dyechem (India)
11.21.1 Company Introduction
11.21.2 Product Specification and Major Types Analysis
11.21.3 Production Market Performance
11.21.4 Sales Market Performance
11.21.5 Contact Information
11.22
Haike Chemical Group (China)
11.22.1 Company Introduction
11.22.2 Product Specification and Major Types Analysis
11.22.3 Production Market Performance
11.22.4 Sales Market Performance
11.22.5 Contact Information
11.23
Helm AG (Germany)
11.23.1 Company Introduction
11.23.2 Product Specification and Major Types Analysis
11.23.3 Production Market Performance
11.23.4 Sales Market Performance
11.23.5 Contact Information
11.24
Oxyde Belgium B.V. (Belgium)
11.24.1 Company Introduction
11.24.2 Product Specification and Major Types Analysis
11.24.3 Production Market Performance
11.24.4 Sales Market Performance
11.24.5 Contact Information
11.25
Arrow Chemical Group Corp. (China)
11.25.1 Company Introduction
11.25.2 Product Specification and Major Types Analysis
11.25.3 Production Market Performance
11.25.4 Sales Market Performance
11.25.5 Contact Information
11.26
Trinternational, Inc. (U.S.)
11.26.1 Company Introduction
11.26.2 Product Specification and Major Types Analysis
11.26.3 Production Market Performance
11.26.4 Sales Market Performance
11.26.5 Contact Information
11.27
11.27.1 Company Introduction
11.27.2 Product Specification and Major Types Analysis
11.27.3 Production Market Performance
11.27.4 Sales Market Performance
11.27.5 Contact Information
11.28
11.28.1 Company Introduction
11.28.2 Product Specification and Major Types Analysis
11.28.3 Production Market Performance
11.28.4 Sales Market Performance
11.28.5 Contact Information
11.29
11.29.1 Company Introduction
11.29.2 Product Specification and Major Types Analysis
11.29.3 Production Market Performance
11.29.4 Sales Market Performance
11.29.5 Contact Information
11.30
11.30.1 Company Introduction
11.30.2 Product Specification and Major Types Analysis
11.30.3 Production Market Performance
11.30.4 Sales Market Performance
11.30.5 Contact Information
11.31
11.31.1 Company Introduction
11.31.2 Product Specification and Major Types Analysis
11.31.3 Production Market Performance
11.31.4 Sales Market Performance
11.31.5 Contact Information
11.32
11.32.1 Company Introduction
11.32.2 Product Specification and Major Types Analysis
11.32.3 Production Market Performance
11.32.4 Sales Market Performance
11.32.5 Contact Information
11.33
11.33.1 Company Introduction
11.33.2 Product Specification and Major Types Analysis
11.33.3 Production Market Performance
11.33.4 Sales Market Performance
11.33.5 Contact Information
11.34
11.34.1 Company Introduction
11.34.2 Product Specification and Major Types Analysis
11.34.3 Production Market Performance
11.34.4 Sales Market Performance
11.34.5 Contact Information
11.35
11.35.1 Company Introduction
11.35.2 Product Specification and Major Types Analysis
11.35.3 Production Market Performance
11.35.4 Sales Market Performance
11.35.5 Contact Information
11.36
11.36.1 Company Introduction
11.36.2 Product Specification and Major Types Analysis
11.36.3 Production Market Performance
11.36.4 Sales Market Performance
11.36.5 Contact Information
11.37
11.37.1 Company Introduction
11.37.2 Product Specification and Major Types Analysis
11.37.3 Production Market Performance
11.37.4 Sales Market Performance
11.37.5 Contact Information
11.38
11.38.1 Company Introduction
11.38.2 Product Specification and Major Types Analysis
11.38.3 Production Market Performance
11.38.4 Sales Market Performance
11.38.5 Contact Information
11.39
11.39.1 Company Introduction
11.39.2 Product Specification and Major Types Analysis
11.39.3 Production Market Performance
11.39.4 Sales Market Performance
11.39.5 Contact Information
11.40
11.40.1 Company Introduction
11.40.2 Product Specification and Major Types Analysis
11.40.3 Production Market Performance
11.40.4 Sales Market Performance
11.40.5 Contact Information
Chapter 12 New Project Investment Feasibility Analysis
12.1 New Project SWOT Analysis
12.2 New Project Investment Feasibility Analysis
Chapter 13 Conclusions
Chapter 14 Appendix
Author List
Disclosure Section
Research Methodology
Data Source
Interview List
Global Disclaimer
1. Market Segmentation — Propylene Glycol Market
Propylene glycol (PG) is a versatile organic compound widely used as a solvent, humectant, antifreeze component, and chemical intermediate. The market can be segmented by source, grade, type, application, and end-use industry.
A. By Source
1. Petroleum-Based Propylene Glycol
2. Bio-Based Propylene Glycol
B. By Grade
1. Industrial Grade
2. Pharmaceutical Grade
3. Food Grade
C. By Type
1. Mono-Propylene Glycol (MPG)
2. Dipropylene Glycol (DPG)
3. Tripropylene Glycol (TPG)
D. By Application
1. Unsaturated Polyester Resins (UPR)
2. Pharmaceuticals
3. Food & Beverage
4. Cosmetics & Personal Care
5. Antifreeze & De-Icing Fluids
6. Industrial Applications
E. By End-Use Industry
2. Key Players in the Propylene Glycol Market
Major producers and global suppliers include:
These companies are involved in large-scale petrochemical production, bio-based PG development, and specialty chemical supply.
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