Product Code: GVR-4-68040-005-0
Propylene Glycol Market Growth & Trends:
The global propylene glycol market size is expected to reach USD 6,975.8 million in 2030 and is anticipated to expand at a CAGR of 6.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for propylene glycol to produce unsaturated polyester resins which are increasingly being used in the construction industry in concrete, reinforcement, roofing, and others. In addition, the product is widely used to produce water emulsion paints for coating the interiors of architectural buildings.
Propylene oxide is a major raw major used in the production of propylene glycol. The product is used in a wide range of industries owing to its low toxicity and freezing point which is depressed upon mixing with water. Propylene glycol is used in the food industry for food flavorings and colorings and is classified as a humectant food additive. It is also used in the cosmetics industry and personal care products such as shampoos, baby wipes, moisturizers, and bubble baths.
Asia Pacific is expected to grow at the highest CAGR in the forecast period owing to the rapidly growing construction industry in the region, especially in developing economies such as China, India, Japan, Indonesia, and others. According to the National Investment Promotion & Facilitation Agency, construction is the second-largest employer in India and is projected to become the third-largest construction market across the globe by 2025. The sector accounts for around 9% of the country's GDP and employs 51 million people.
Propylene Glycol Market Report Highlights:
- The market is witnessing steady growth, primarily driven by its wide-ranging applications across food & beverage, pharmaceuticals, personal care, and industrial manufacturing sectors.
- The petroleum-based segment dominated the market with a revenue share of over 71.2% in 2024. This is attributed to its lower cost compared to its bio-based counterpart.
- The industrial grade segment dominated the market with a revenue share of over 63.3% in 2024. This is attributed to its increasing demand from the construction sector for building materials
- The construction segment dominated the market with a revenue share of over 38.6% in 2024. This is attributed to its increasing demand from the construction sector in the manufacturing of building materials
- Asia Pacific emerged as a dominating market, accounting for a revenue share of over 45% in 2024. This growth is attributed to the strong construction sector growth in countries such as China, India, Indonesia, and others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Propylene Glycol Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing/Technology Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Propylene Glycol Market: Source Estimates & Trend Analysis
- 4.1. Propylene Glycol Market: Source Movement Analysis, 2023 & 2030
- 4.2. Petroleum Based
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Bio Based
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Propylene Glycol Market: Grade Estimates & Trend Analysis
- 5.1. Propylene Glycol Market: Grade Movement Analysis, 2023 & 2030
- 5.2. Industrial Grade
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. USP Grade
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Propylene Glycol Market: End Use Estimates & Trend Analysis
- 6.1. Propylene Glycol Market: End Use Movement Analysis, 2023 & 2030
- 6.2. Food & Beverages
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Pharmaceuticals
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Cosmetics & Personal Care
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Construction
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6. Transportation
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7. Other End Uses
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Propylene Glycol Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.2.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.2.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.2.5.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.2.6.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.2.7.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.2.7.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.3.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.3.5.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.6. UK
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.3.6.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.3.7.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.8.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.3.8.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.3.8.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.9.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.3.9.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.3.9.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.4.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.4.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.4.5.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.4.6.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.4.7.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.4.8.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.5.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.5.5.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.5.6.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.6.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.6.5.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 7.6.6. South Africa
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- 7.6.6.3. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
- 7.6.6.4. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Market Positioning Analysis, 2024
- 8.5. Strategy Mapping
- 8.6. Company Profiles/Listing
- 8.6.1. Dow
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Technology Benchmarking
- 8.6.2. BASF SE
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Technology Benchmarking
- 8.6.3. ADM
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Technology Benchmarking
- 8.6.4. INEOS
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Technology Benchmarking
- 8.6.5. Shell Plc
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Technology Benchmarking
- 8.6.6. Adeka Corporation
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Technology Benchmarking
- 8.6.7. Huntsman International LLC.
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Technology Benchmarking
- 8.6.8. LyondellBasell Industries Holdings B.V.
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Technology Benchmarking