Chemicals Industry Today
U.S. Propylene Glycol Market to Reach USD 1.66 Billion by 2034, Driven by Bio-Based Product Adoption and Pharmaceutical Demand, CAGR 4.5%
The latest market study published by Polaris Market Research titled U.S. Propylene Glycol Market Size, Share, Trends, & Industry Analysis Report By Grade (Pharmaceutical & Food Grade, Industrial Grade), By Source, By End User – 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 U.S. 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.
U.S. Propylene Glycol Market Size
The U.S. propylene glycol market reached USD 1.07 billion in 2024 and is projected to grow to USD 1.66 billion by 2034, registering a CAGR of 4.5%. Growth is driven by rising adoption of bio-based propylene glycol, expanding use in pharmaceuticals, cosmetics, food, and strong demand from the healthcare and industrial sectors.
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Key Topics Covered
- Market Overview and Growth Drivers
- Regulatory Framework and Safety Standards
- Applications Across Food, Pharmaceutical, and Industrial Sectors
- Import/Export Trends and U.S. Production Capacity
- Competitive Landscape and Key Manufacturers
- Price Trends and Supply Chain Analysis
- Future Outlook and Market Opportunities
Market Dynamic Factors
This report lists the various actors that have contributed to the market's upward trajectory. In-depth trends and opportunities in the U.S. Propylene Glycol Market are highlighted in the analysis. The study report also enables customers to recognize opportunities and difficulties. The research goes on to identify the principal impediments to industry development. Based on the SWOT and Porter's Five Forces models, market dynamics are evaluated, covering the important demand and price variables.
U.S. Propylene Glycol Market Segmentation Analysis
The study offers a thorough analysis of the numerous market segments, including application type, product component, service types, and several geographic locations. The report's segment analysis section contains thoroughly researched expert-verified industry data. Strategic recommendations are given in terms of key business segments based on market estimations.
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List of Major Key Players
- Adeka Corporation
- Archer-Daniels-Midland Company
- Asahi Glass Co., LTD.
- BASF SE
- Dow Chemicals
- 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.
Leading Players Analysis
The research report's chapter is entirely devoted to the competition environment. The U.S. Propylene Glycol market key players are examined, analyzing information on their evaluation and development in addition to a quick review of the company. Understanding the techniques employed by businesses and the steps they have recently taken to combat intense rivalry allows one to examine the competitive landscape. It covers each player's company profiles comprising sales, revenue, share, recent developments, SWOT analysis, capacity, production, revenue, gross margin, growth rate, and strategies employed by the major market players.
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Different potentials in the domestic and regional markets are revealed by regional analysis of the sector. Each regional industry associated with this market is carefully examined to determine its potential for growth in the present and the future. Moreover, information on recent mergers and acquisitions that have taken place in the market is the subject of the research. This section provides important financial information about mergers and acquisitions that have recently shaped the U.S. Propylene Glycol industry.
Report Summary
The analysis focuses on the regional forecast by type and application and the U.S. Propylene Glycol market sales and revenue prediction. The research report features data about the target market, such as pricing trends, customer requirements, and competitor analysis. The market growth has been examined using analytical approaches like PESTLE analysis, Porter's Five Forces analysis, feasibility studies, player-specific SWOT analyses, and ROI analyses.
The Report Provides You Answer to Below Mentioned Question
Q1. What are the U.S. Propylene Glycol Market statistics?
Ans: The U.S. propylene glycol market was valued at USD 1.07 billion in 2024 and is projected to reach USD 1.66 billion by 2034.
Q2. What is the growth rate of the U.S. Propylene Glycol Market value?
Ans: The market is expected to grow at a CAGR of 4.5% during the forecast period (2025–2034).
Q3. Who are the key players in the market?
Ans: Major companies include Adeka Corporation, Archer-Daniels-Midland Company, Asahi Glass Co. Ltd., BASF SE, Chaoyang Chemicals Inc., Dow Chemicals, 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.
Q4. Which segment, by grade, dominated the market revenue share in 2024?
Ans: The pharmaceutical and food grade segment held the largest revenue share in 2024.
Q5. Which segment, by end user, is expected to witness the fastest growth during the forecast period?
Ans: The pharmaceutical end-user segment is projected to grow at the fastest rate during the forecast period.
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Polaris Market Research & Consulting, Inc.
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