Propylene Glycol Market

Propylene Glycol Market Study by Industrial, Food, and Pharma Grade for Emollients, Solvents, Stabilizing Agents, Preservative Agents, Humectants, and Excipients from 2024 to 2034

Analysis of Propylene Glycol Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Propylene Glycol Market Outlook (2024 to 2034)

The global propylene glycol market size has been valued at US$ 4.66 billion in 2024, as revealed in the recently updated research study by Fact.MR. Worldwide sales of propylene glycol are analyzed to rise at a CAGR of 4.2% and reach US$ 7.03 billion by the end of 2034.

High consumption of propylene glycol (PG) as an emulsifier and solvent for dissolving ingredients and stabilizing insoluble fluids in a medium is driving its demand worldwide. Expansion of the food & beverage industry is contributing to increased demand for propylene glycol in packaging foods such as cake mixes, dressings, soft drinks, cakes, and bread & dairy products. It also finds application as an anti-caking agent stabilizer, thickener, and texturizer in food products. Increasing consumption of propylene glycol in the pharmaceutical industry as a drug stabilizer and solvent is supporting its demand around the world.

Growth of the transportation and construction industries has resulted in the increasing consumption of propylene glycol in several industrial chemicals, such as automotive coolants cutting fluids, brake fluids, and hydraulics. In addition, increased production of bio-based propylene glycol owing to environmental concerns is also acting as one of the prominent market growth drivers.

Growing use of propylene glycol ether in several applications is attributed to its specific characteristics, such as stability and viscosity. Manufacturers from end-use industries, such as consumer goods, personal care, and pharmaceuticals are focusing on offering products with improved qualities to match consumer-specific requirements, which is also creating opportunities for propylene glycol suppliers due to its pivotal role in these industries as emulsifiers, solvents, and preservatives.

  • Global sales of propylene glycol for use in consumer goods are evaluated to rise at a CAGR of 4.1% and reach US$ 2.62 billion by the end of 2034.
  • North America is projected to capture 30.8% of the global market share by 2034-end.
  • Demand for propylene glycol in Japan is approximated to increase at a CAGR of 3.9% from 2024 to 2034.
Report Attribute Detail
Propylene Glycol Market Size (2024E) US$ 4.66 Billion
Forecasted Market Value (2034F) US$ 7.03 Billion
Global Market Growth Rate (2024 to 2034) 4.2% CAGR
South Korea Market Growth Rate (2024 to 2034) 6.7% CAGR
East Asia Market Share (2034F) 27.1%
Market Share of Bio-based Propylene Glycol (2034F) 74.7%
Key Companies Profiled Chevron Phillips Chemical Company; Dow; ADEKA CORPORATION; Oleon NV; BASF SE; Royal Dutch Shell; Chaoyang Chemicals, Inc.; Sumitomo Chemical Co. Ltd.; AGC Chemicals; Exxon Mobil Corporation; Manali Petrochemical; China Petrochemical Corporation INEOS; SABIC; LyondellBasell Industries Holdings B.V.; Asahi Kasei Corporation; Huntsman International LLC.

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Which Market Trends are Positively Influencing Sales of Propylene Glycol?

“Surging Demand for Unsaturated Polyester Resins (UPRs)”

There is increased demand for propylene glycol in the manufacturing of unsaturated polyester resins, which are consumed heavily in the transportation, marine, and building sectors. Increased use of propylene glycol in UPRs is because of its features to give strength to it. This leads to the increased use of UPRs in bathroom parts, construction panels, fittings, recreational vehicles, and corrosion-resistant tanks.

Propylene glycol also finds application as one of the key components in deicing liquids, engine coolants, and antifreeze. Furthermore, its growing use in creating base fluids for food industry coolants and aircraft deicing formulations is attributed to its colorless and viscous properties.

How is Propylene Glycol Market Size Expansion Being Curtailed?

“Government-Imposed Regulations Diminishing Market Growth Prospects”

Stringent regulations have been imposed by government bodies on the proper utilization of propylene glycol. These regulations intend to safeguard natural resources against any sort of adverse effects on our environment. Although PG has been considered safe for use in food products and drugs, still certain incidents are also reported of toxicity with the consumption of products containing this chemical. Hyper-osmolality, lactic acidosis, central nervous system problems, hemolysis, and dermatitis are some issues, reported due to the consumption of propylene glycol, which are adversely impacting its demand.

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What Initiatives are Startups Taking to Capitalize on Market Opportunities?

“Rising Emphasis on Producing Bio-based PG”

With some recently recorded incidences of adverse health impacts of propylene glycol, it is expected that startups should focus more on producing bio-based products, which will help them generate more trust among end users and thereby secure a position for themselves.

Country-wise Insights

According to the updated analysis by Fact.MR, a market research and competitive intelligence provider, North America is evaluated to capture 30.8% share of the global market by 2034-end. The growth of the regional market is largely supported by the expanding residential housing industry, which is driving demand for propylene glycol for its use in HVAC systems or cooling water systems as an anti-freezing chemical.

Why is the United States a Key Market for Propylene Glycol Suppliers?

“Rising Production of Propylene Glycol with Availability of Ample Resources”

Attribute United States
Market Value (2024E) US$ 1.05 Billion
Growth Rate (2024 to 2034) 4.5% CAGR
Projected Value (2034F) US$ 1.62 Billion

The United States is approximated to occupy 74.9% share of the market in North America by the end of 2034. The manufacturing of specialty chemicals, such as propylene glycol, is growing due to their increased use in oilfield chemicals, fragrances, electronic chemicals, coatings, flavors, cosmetic chemicals, and adhesives. Thereby, an increased demand for propylene glycol is owing to expanding construction and industrial activities in the country.

Presence of a well-established infrastructure in the country is also a widening prospect for market growth. Moreover, the growing interest of more manufacturers in producing bio-based products is also positively impacting propylene glycol market trends.

Why are Manufacturers of Propylene Glycol Lining Up in China?

“Presence of Well-established End-use Industries in the Country”

Attribute China
Market Value (2024E) US$ 648.8 Million
Growth Rate (2024 to 2034) 5.4% CAGR
Projected Value (2034F) US$ 1.1 Billion

China is calculated to account for a share of 57.9% of the East Asian market revenue by 2034. The country is leading in the regional market with the presence of some of the prominent end-use industries, such as packaging, construction, textile, and automobile. Further, China is one of the key producers of textile electronic plastics, which is further stimulating demand for propylene glycol as a cleaning agent and photoresist solvent. It is also used prominently in liquid crystal displays and semiconductor production.

What is Driving Propylene Glycol Market Growth in Japan?

“Flourishing Transportation Industry Key End User”

Attribute Japan
Market Value (2024E) US$ 349.7 Million
Growth Rate (2024 to 2034) 3.9% CAGR
Projected Value (2034F) US$ 510.4 Million

Japan is analyzed to hold 26.8% share of the market in East Asia by 2034-end. The expanding transportation industry in Japan is contributing to the increased demand for propylene glycol as a deicing chemical for aircraft. In addition, it is also used as an additive to windshield washer fluid for automobiles.

Know thy Competitors

Competitive landscape highlights only certain players
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Category-wise Insights

According to the Fact.MR report, industrial-grade propylene glycol is becoming a popular choice in the construction sector for the production of building materials. Detergents, plastics, resins, paints & coatings, and others are manufactured with the use of high-purity material, such as industrial-grade propylene glycol.

Why is Bio-based Propylene Glycol Preferred Globally?

“Increasing Popularity of Bio-based PG as Recent Median”

Attribute Bio-based
Segment Value (2024E) US$ 3.53 Billion
Growth Rate (2024 to 2034) 4.1% CAGR
Projected Value (2034F) US$ 5.25 Billion

Bio-based propylene glycol is projected to possess a share of 74.7% of the global market by the end of 2034. The growing demand for bio-based propylene glycol is owing to its decreased greenhouse gas emissions, reduced dependency on petrochemical feedstock, and eco-friendly production techniques compared to petroleum-based PG. Moreover, increasing preference for renewable products is also creating prospects for global market players.

Which End-use Application is Key for Propylene Glycol Producers?

“Growing Preference for Propylene Glycol in Consumer Goods for its Moisture-Locking Features”

Attribute Consumer Goods
Segment Value (2024E) US$ 1.75 Billion
Growth Rate (2024 to 2034) 4.1% CAGR
Projected Value (2034F) US$ 2.62 Billion

Consumer goods are forecasted to contribute 37.3% of the propylene glycol market share by 2034-end. Propylene glycol works effectively in hair-care products and moisturizers by locking their moisture by attracting water from the air. It is used as a humectant in several consumer products, such as creams, shampoos, and other goods.

Competitive Landscape

Key players in the propylene glycol market are focusing on new product development, partnerships, collaborations, and joint ventures to expand their reach globally while enriching their existing portfolio.

For instance :

  • Ethos Asset Management Inc., in March 2023, entered into a partnership with GreenGlycols@ Green Glycols B.V. The aim of this partnership is to support a construction facility in Delfzijl, the Netherlands for producing propylene glycol with the use of plant-based feedstock.
  • SINOPEC and BASF, in August 2021, expanded their Verbund site, which is operated by BASF-YPC (BASF-YPC Co.). This venture has an equal contribution of both companies in Nanjing, China. The initiative includes the capacity expansion of more downstream chemical plants, such as a new tert-butyl acrylate plant for supporting the expansion of the company in China.

Fact.MR provides detailed information about the price points of key manufacturers of propylene glycol positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Propylene Glycol Market Research

  • By Type :

    • Industrial Grade
    • Food Grade
    • Pharma Grade
  • By Source :

    • Petroleum
    • Bio-based
  • By Premium Function :

    • Emollients
    • Solvents
    • Stabilizing Agents
    • Preservative Agents
    • Humectants
    • Excipients
  • By End Use :

    • Chemical Intermediaries
    • Cosmetics & Personal Care Products
    • Consumer Goods
    • Food
    • Pharmaceuticals
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • MEA

Table of Content

  • 1. Executive Summary
  • 2. Industry Introduction, including Taxonomy and Market Definition
  • 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
  • 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
  • 5. Pricing Analysis
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
    • 6.1. Type
    • 6.2. Source
    • 6.3. Premium Function
    • 6.4. End Use
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
    • 7.1. Industrial Grade
    • 7.2. Food Grade
    • 7.3. Pharma Grade
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Source
    • 8.1. Petroleum
    • 8.2. Bio-based
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Premium Function
    • 9.1. Emollients
    • 9.2. Solvents
    • 9.3. Stabilizing Agents
    • 9.4. Preservative Agents
    • 9.5. Humectants
    • 9.6. Excipients
  • 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
    • 10.1. Chemical Intermediaries
    • 10.2. Cosmetics & Personal Care Products
    • 10.3. Consumer Goods
    • 10.4. Food
    • 10.5. Pharmaceuticals
  • 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Western Europe
    • 11.4. Eastern Europe
    • 11.5. East Asia
    • 11.6. South Asia & Pacific
    • 11.7. Middle East & Africa
  • 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
  • 19. Sales Forecast 2024 to 2034 by Type, Source, Premium Function, End Use, and Region for 30 Countries
  • 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
  • 21. Company Profile
    • 21.1. Chevron Phillips Chemical Company
    • 21.2. Dow
    • 21.3. ADEKA CORPORATION
    • 21.4. Oleon NV
    • 21.5. BASF SE
    • 21.6. Royal Dutch Shell
    • 21.7. Chaoyang Chemicals, Inc.
    • 21.8. Sumitomo Chemical Co. Ltd.
    • 21.9. AGC Chemicals
    • 21.10. Exxon Mobil Corporation
    • 21.11. Manali Petrochemical
    • 21.12. China Petrochemical Corporation INEOS
    • 21.13. SABIC
    • 21.14. LyondellBasell Industries Holdings B.V.
    • 21.15. Asahi Kasei Corporation
    • 21.16. Huntsman International LLC
  • 22. Assumptions and Acronyms Used
  • 23. Research Methodology

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List Of Table

Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 04: Global Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 05: Global Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 07: Global Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 08: Global Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 10: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 11: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023

Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034

Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034

Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 19: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 20: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 22: North America Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 23: North America Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 25: North America Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 26: North America Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 28: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 29: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 34: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 35: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 37: Latin America Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 38: Latin America Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 40: Latin America Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 41: Latin America Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 43: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 44: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 49: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 50: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 52: Western Europe Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 53: Western Europe Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 55: Western Europe Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 56: Western Europe Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 58: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 59: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 79: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 80: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 82: East Asia Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 83: East Asia Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 85: East Asia Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 86: East Asia Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 88: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 89: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023

Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 109: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023

Table 110: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034

Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034

Table 112: MEA Market Value (US$ Mn) Analysis, by Source, 2019 to 2023

Table 113: MEA Market Value (US$ Mn) Analysis, by Source, 2024 to 2034

Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Source, 2024 to 2034

Table 115: MEA Market Value (US$ Mn) Analysis, by Premium Function, 2019 to 2023

Table 116: MEA Market Value (US$ Mn) Analysis, by Premium Function, 2024 to 2034

Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Premium Function, 2024 to 2034

Table 118: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023

Table 119: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034

Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034

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List Of Figures

Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034

Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034

Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034

Figure 08: Global Market Share and BPS Analysis by Source, 2024 & 2034

Figure 09: Global Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 10: Global Market Attractiveness Analysis by Source, 2024 to 2034

Figure 11: Global Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 12: Global Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 13: Global Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 14: Global Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 15: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 16: Global Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034

Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034

Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034

Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034

Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034

Figure 24: North America Market Share Analysis by Country, 2024 & 2034

Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034

Figure 27: North America Market Share and BPS Analysis by Type, 2024 & 2034

Figure 28: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 29: North America Market Attractiveness Analysis by Type, 2024 to 2034

Figure 30: North America Market Share and BPS Analysis by Source, 2024 & 2034

Figure 31: North America Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 32: North America Market Attractiveness Analysis by Source, 2024 to 2034

Figure 33: North America Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 34: North America Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 35: North America Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 36: North America Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 37: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 38: North America Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034

Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034

Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034

Figure 46: Latin America Market Share and BPS Analysis by Type, 2024 & 2034

Figure 47: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 48: Latin America Market Attractiveness Analysis by Type, 2024 to 2034

Figure 49: Latin America Market Share and BPS Analysis by Source, 2024 & 2034

Figure 50: Latin America Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 51: Latin America Market Attractiveness Analysis by Source, 2024 to 2034

Figure 52: Latin America Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 53: Latin America Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 54: Latin America Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 55: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 56: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 57: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034

Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034

Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034

Figure 65: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034

Figure 66: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 67: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034

Figure 68: Western Europe Market Share and BPS Analysis by Source, 2024 & 2034

Figure 69: Western Europe Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 70: Western Europe Market Attractiveness Analysis by Source, 2024 to 2034

Figure 71: Western Europe Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 72: Western Europe Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 73: Western Europe Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 74: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 75: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 76: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034

Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034

Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034

Figure 84: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034

Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 86: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034

Figure 87: Eastern Europe Market Share and BPS Analysis by Source, 2024 & 2034

Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 89: Eastern Europe Market Attractiveness Analysis by Source, 2024 to 2034

Figure 90: Eastern Europe Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 92: Eastern Europe Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 93: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 94: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 95: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034

Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034

Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034

Figure 103: East Asia Market Share and BPS Analysis by Type, 2024 & 2034

Figure 104: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 105: East Asia Market Attractiveness Analysis by Type, 2024 to 2034

Figure 106: East Asia Market Share and BPS Analysis by Source, 2024 & 2034

Figure 107: East Asia Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 108: East Asia Market Attractiveness Analysis by Source, 2024 to 2034

Figure 109: East Asia Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 110: East Asia Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 111: East Asia Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 112: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 113: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 114: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034

Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034

Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034

Figure 122: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034

Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 124: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034

Figure 125: South Asia & Pacific Market Share and BPS Analysis by Source, 2024 & 2034

Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 127: South Asia & Pacific Market Attractiveness Analysis by Source, 2024 to 2034

Figure 128: South Asia & Pacific Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 130: South Asia & Pacific Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 131: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 133: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034

Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023

Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034

Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034

Figure 138: MEA Market Share Analysis by Country, 2024 & 2034

Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034

Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034

Figure 141: MEA Market Share and BPS Analysis by Type, 2024 & 2034

Figure 142: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034

Figure 143: MEA Market Attractiveness Analysis by Type, 2024 to 2034

Figure 144: MEA Market Share and BPS Analysis by Source, 2024 & 2034

Figure 145: MEA Market Y-o-Y Growth Projections by Source, 2024 to 2034

Figure 146: MEA Market Attractiveness Analysis by Source, 2024 to 2034

Figure 147: MEA Market Share and BPS Analysis by Premium Function, 2024 & 2034

Figure 148: MEA Market Y-o-Y Growth Projections by Premium Function, 2024 to 2034

Figure 149: MEA Market Attractiveness Analysis by Premium Function, 2024 to 2034

Figure 150: MEA Market Share and BPS Analysis by End Use, 2024 & 2034

Figure 151: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034

Figure 152: MEA Market Attractiveness Analysis by End Use, 2024 to 2034

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

How big is the propylene glycol market in 2024?

The global propylene glycol market is analyzed to reach US$ 4.66 billion in 2024.

What are the sales projections for propylene glycol for 2034?

Global sales of propylene glycol are forecasted to reach US$ 7.03 billion by 2034-end.

At what rate is the demand for propylene glycol analyzed to increase?

The global market is forecasted to expand at a CAGR of 4.2% from 2024 to 2034.

What is the market scenario for propylene glycol in North America?

Sales of propylene glycol in North America are evaluated to climb at 3.9% CAGR and reach US$ 2.16 billion by 2034.

At what CAGR are the sales of propylene glycol evaluated to rise in South Korea?

Sales of propylene glycol in South Korea are projected to rise at 6.7% CAGR through 2034.

How much share of the global market is bio-based propylene glycol approximated to account for?

Bio-based propylene glycol is calculated to account for 74.7% share of the global market by 2034.

Who are the leading manufacturers of propylene glycol?

Key suppliers of propylene glycol include Dow, ADEKA CORPORATION, Oleon NV, BASF SE, and Royal Dutch Shell.

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Propylene Glycol Market

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