Propylene Glycol Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Propylene Glycol Market Analysis and It is Segmented by Grade (industrial, Food and Beverages, and Pharmaceutical), Application (flavoring Agent, Antifreeze and Deicer Agent, Unsaturated Polyester Resins, Chemical Intermediates, and Other Applications), End-User Industry (transportation, Building and Construction, Food and Beverage, Personal Care, Pharmaceuticals, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The Market Size and Forecasts for the Propylene Glycol Market are Provided in Terms of Volume (tons) for all the Above Segments.

Propylene Glycol Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Propylene Glycol Market Size

Propylene Glycol Market Summary
Study Period 2019 - 2030
Market Volume (2025) 4.38 Million tons
Market Volume (2030) 6.14 Million tons
CAGR 7.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Propylene Glycol Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Propylene Glycol Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Propylene Glycol Market Analysis

The Propylene Glycol Market size is estimated at 4.38 million tons in 2025, and is expected to reach 6.14 million tons by 2030, at a CAGR of greater than 7% during the forecast period (2025-2030).

The COVID-19 pandemic had negatively impacted the market due to nationwide lockdowns, strict social distancing measures, and disruption in supply chains, which negatively affected the transportation, building, and construction end-user industries, thereby affecting the market for propylene glycol. However, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the rise in consumption of propylene glycol transportation and pharmaceuticals end-user industries.

  • The increasing demand from the food-processing and additives industry, the growing demand from the automotive industry, and the rising demand for solvents from various end-user industries are expected to drive the market for propylene glycol.
  • The health issues created by the high consumption of propylene glycol are expected to hinder the market's growth.
  • The development of industrial-scale direct synthesis methods for propylene glycol production is expected to create opportunities for the market during the forecast period.
  • The Asia-Pacific region is expected to dominate the market due to rising demand for propylene glycol in transportation, building and construction, and pharmaceutical end-user industries.

Propylene Glycol Industry Overview

The propylene glycol market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) LyondellBasell Industries Holdings BV, BASF SE, Repsol, Dow, and Huntsman International LLC, among others.

Propylene Glycol Market Leaders

  1. LyondellBasell Industries Holdings B.V.

  2. BASF SE

  3. Repsol

  4. Dow

  5. Huntsman International LLC

  6. *Disclaimer: Major Players sorted in no particular order
Propylene Glycol Market Concentration
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Propylene Glycol Market News

  • September 2023: Dow Company launched lower carbon, bio-based, and circular propylene glycol solutions in Europe. These bio-based propylene glycol solutions are suitable for a broad range of applications across diverse industries like agricultural, pharmaceutical, cosmetics, textile, and food.
  • May 2023: BASE technology enables more sustainable propylene glycol production at ORLEN Poludnie Plant. The ORLEN Poludnie, a significant contributor to the biofuels industry in Poland, has completed the inaugural year of its BioPG facility's operation. The plant is responsible for transforming glycerol, which is a by-product of biodiesel production, into eco-friendly propylene glycol, known as BioPG.

Propylene Glycol Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Demand for Propylene Glycol in the Food Processing and Additives Industry
    • 4.1.2 The Increasing Demand from the Automotive Industry
    • 4.1.3 Rising Demand for For Solvents From Various End-User Industries
  • 4.2 Restraints
    • 4.2.1 Health Issues Created by The High Consumption of Propylene Glycol
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Grade
    • 5.1.1 Industrial
    • 5.1.2 Food and Beverage
    • 5.1.3 Pharmaceutical
  • 5.2 Application
    • 5.2.1 Flavoring Agent
    • 5.2.2 Antifreeze and Deicer Agent
    • 5.2.3 Unsaturated Polyester Resins
    • 5.2.4 Chemical Intermediates
    • 5.2.5 Other Applications (Antioxidants, Household Care, etc.)
  • 5.3 End-user Industry
    • 5.3.1 Transportation
    • 5.3.2 Building and Construction
    • 5.3.3 Food and Beverages
    • 5.3.4 Personal Care
    • 5.3.5 Pharmaceuticals
    • 5.3.6 Other End-user Industries (Electronics, Paints and Coatings, etc.)
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Italy
    • 5.4.3.4 France
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ADEKA CORPORATION
    • 6.4.2 ADM
    • 6.4.3 AGC Chemicals
    • 6.4.4 BASF SE
    • 6.4.5 Chaoyang Chemicals, Inc.
    • 6.4.6 Dow
    • 6.4.7 Golden Dyechem
    • 6.4.8 Huntsman International LLC
    • 6.4.9 INEOS
    • 6.4.10 Lonza
    • 6.4.11 LyondellBasell Industries Holdings B.V.
    • 6.4.12 Repsol
    • 6.4.13 Shell plc
    • 6.4.14 SKC Chemicals
    • 6.4.15 Sumitomo Chemical Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Development of Industrial-scale Direct Synthesis Method for Propylene Glycol Production
  • 7.2 Other Opportunities
**Subject to Availability
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Propylene Glycol Industry Segmentation

Propylene glycol is a viscous, colorless liquid classed as a diol. It is miscible with a broad range of solvents, including water, acetone, and chloroform, and thus finds application across a vast range of industries. Further, polypropylene glycol is a major component in the production of polymers.

The propylene glycol market is segmented by grade, application, end-user industry, and geography. By grade, the market is segmented into industrial, food and beverage, and pharmaceutical. By application, the market is segmented into flavoring agents, antifreeze and deicer agents, unsaturated polyester resins, chemical intermediates, and other applications (antioxidants, household care, etc.). By end-user industry, the market is segmented into transportation, building and construction, food and beverages, personal care, pharmaceuticals, and other end-user industries (electronics, paints and coatings, etc.). The report also covers the market sizes and forecasts for the propylene glycol market in 15 countries across the major region. For each segment, the market sizing and forecasts have been done based on volume (Tons).

Grade Industrial
Food and Beverage
Pharmaceutical
Application Flavoring Agent
Antifreeze and Deicer Agent
Unsaturated Polyester Resins
Chemical Intermediates
Other Applications (Antioxidants, Household Care, etc.)
End-user Industry Transportation
Building and Construction
Food and Beverages
Personal Care
Pharmaceuticals
Other End-user Industries (Electronics, Paints and Coatings, etc.)
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Propylene Glycol Market Research FAQs

How big is the Propylene Glycol Market?

The Propylene Glycol Market size is expected to reach 4.38 million tons in 2025 and grow at a CAGR of greater than 7% to reach 6.14 million tons by 2030.

What is the current Propylene Glycol Market size?

In 2025, the Propylene Glycol Market size is expected to reach 4.38 million tons.

Who are the key players in Propylene Glycol Market?

LyondellBasell Industries Holdings B.V., BASF SE, Repsol, Dow and Huntsman International LLC are the major companies operating in the Propylene Glycol Market.

Which is the fastest growing region in Propylene Glycol Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Propylene Glycol Market?

In 2025, the Asia Pacific accounts for the largest market share in Propylene Glycol Market.

What years does this Propylene Glycol Market cover, and what was the market size in 2024?

In 2024, the Propylene Glycol Market size was estimated at 4.07 million tons. The report covers the Propylene Glycol Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Propylene Glycol Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Propylene Glycol Industry Report

Statistics for the 2025 Propylene Glycol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Propylene Glycol analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.