Chemicals Industry Today
Propylene Glycol Market to Reach $ 7.31 Billion by 2034: Pharmaceutical, Food & Beverage, and Personal Care Applications Fuel Growth
The latest market study published by Polaris Market Research titled Propylene Glycol Market Size, Share, Trends & Industry Analysis Report By Grade (Pharmaceutical & Food Grade, Industrial Grade), By Source, By End User, and By Region – Market Forecast, 2025–2034 is designed to provide users with an in-depth understanding of the market.
A comprehensive historical analysis of the market is given, along with extensive market forecasts by region/country and subsectors. The primary objective of this report is to help readers gain insights into the propylene glycol market size, trends, sales volume, revenue, historical growth, latest developments, and future outlooks. It offers a qualitative and quantitative analysis of leading participants, expansion plans, geographical regions, and share valuations across all regions.
Propylene Glycol Market Size
The global propylene glycol market was valued at USD 4.81 billion in 2024 and is expected to grow at a CAGR of 4.3% from 2025 to 2034. Growing usage in the food and beverage sector and increasing demand from the automotive industry are key factors driving market growth.
Brief About the Report
The market's supply-side and demand-side Propylene Glycol The study evaluates market trends. The study provides important details on applications and statistics, which are compiled in the report to provide a market prediction. Additionally, it offers thorough explanations of SWOT and PESTLE analyses depending on changes in the region and industry. It sheds light on risks, obstacles, and uncertainties, as well as present and future possibilities and challenges in the market.
Market Dynamic Factors
This report lists the various actors who have contributed to the market's upward trajectory. In-depth trends and opportunities in the Propylene Glycol Market are highlighted in the analysis. The study report also empowers customers to identify potential opportunities and challenges. The research goes on to identify the principal impediments to industry development. We evaluate market dynamics, covering the important demand and price variables, using the SWOT and Porter's Five Forces models.
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Competitive Landscape Analysis
Another significant portion of this study discusses the competitive landscape of the market. The market's top players are examined in the study. The Propylene Glycol Market key players have been described in terms of their key attributes in the information. The section examines their supply chains, potential for growth, Propylene Glycol Market share, product portfolio, capacity, cost, revenue, capabilities, expansions, investments, mergers and acquisitions, manufacturer advancements, volume, and clientele. Financial and SWOT analysis contribute to a deeper understanding of the market.
List of Major Key Players
- Adeka Corporation
- Archer-Daniels-Midland Company
- Asahi Glass Co., LTD.
- BASF SE
- Chaoyang Chemicals, Inc.
- Dow Chemicals
- Global Bio-Chem Technology Group Co., LTD.
- Helm AG
- Huntsman International LLC
- INEOS Oxide Ltd.
- LyondellBasell Industries Holdings B.V.
- Royal Dutch Shell PLC
- Sinopec
- SKC
- Sumitomo Chemicals
- Temix Oleo S.R.L.
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Regions Covered in This Report Are
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and the rest of South America)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
The Report Provides You Answer to the Below-Mentioned Question
What are the propylene glycol market statistics?
Ans: The global propylene glycol market was valued at USD 4.81 billion in 2024 and is projected to reach USD 7.31 billion by 2034.
What is the growth rate of the propylene glycol market?
Ans: The market is expected to grow at a CAGR of 4.3% during the forecast period from 2025 to 2034.
Which region dominated the global market share in 2024?
Ans: Asia Pacific dominated the propylene glycol market in 2024, supported by growing industrial production and high demand in pharmaceuticals and food & beverage applications.
Who are the key players in the market?
Ans: Major players in the market include Adeka Corporation, Archer-Daniels-Midland Company, Asahi Glass Co., LTD., BASF SE, Chaoyang Chemicals, Inc., Dow Chemicals, Global Bio-Chem Technology Group Co., LTD., Helm AG, Huntsman International LLC, INEOS Oxide Ltd., LyondellBasell Industries Holdings B.V., Royal Dutch Shell PLC, Sinopec, SKC, Sumitomo Chemicals, and Temix Oleo S.R.L.
Which grade segment dominated the market revenue share in 2024?
Ans: The pharmaceutical and food-grade segment led the market in 2024, driven by its extensive use in medicines, food products, and personal care applications.
Which end-user segment is expected to witness the fastest growth during the forecast period?
Ans: The pharmaceutical segment is projected to experience the fastest growth, driven by increasing demand for safe excipients and medical formulations globally.
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Report Summary
Moreover, a new task SWOT analysis, a venture attainability investigation, and a venture return analysis are all determined by the study. Overall, the report promises to be a reliable resource for choosing the market research that can boost your company. The study also includes a development strategy for the industry, research findings, an appendix, and a conclusion. It also highlights the most recent advancements in the Propylene Glycol Market.
Objectives of the Report
- To carefully analyze and forecast the size of the market by value and volume.
- To evaluate the market shares of major segments of the market
- To explain the development of the industry in different parts of the world.
- We aim to analyze and study micro-markets, focusing on their contributions to the market, their prospects, and their individual growth trends.
- To offer precise and valuable details about factors affecting the Propylene Glycol Market forecasts
- We aim to meticulously assess the crucial business strategies employed by leading companies.
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Polaris Market Research & Consulting, Inc.
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