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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, 2026–2034

Publisher Polaris Market Research & Consulting LLP
Published Aug 01, 2026
Length 130 Pages
SKU # PLRS21569621

Description

The propylene glycol market size is expected to reach USD 7.31 Billion by 2034, according to a new study by Polaris Market Research. The report “Propylene Glycol Market Size, Share, Trends, Industry Analysis Report: By Grade (Pharmaceutical & Food Grade, Industrial Grade), By Source, By End User, By Region – Market Forecast, 2026–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Propylene glycol is a colorless, odorless, and slightly viscous liquid used as a solvent, humectant, and preservative in various industries. It is commonly found in food, pharmaceuticals, cosmetics, and industrial applications like antifreeze and de-icing solutions.

Propylene glycol is widely used in the pharmaceutical industry as a solvent and carrier for active pharmaceutical ingredients in syrups, injectables, creams, and capsules. The demand for medications is increasing rapidly with the growing global population, aging demographics, and rising prevalence of chronic diseases. Additionally, the rise in generic drug manufacturing and expanding healthcare access in emerging economies are boosting pharmaceutical production. Consequently, the need for safe, non-toxic, and approved excipients such as propylene glycol grows, thereby fueling the market growth.

Technological innovations in chemical processing have significantly improved the efficiency, safety, and environmental impact of propylene glycol production. Advanced manufacturing techniques now allow for better yield, lower energy consumption, and reduced waste generation. Moreover, the integration of AI and automation in chemical plants enables real-time monitoring and quality control, ensuring consistent product performance. These advancements reduce production costs and make it easier for companies to scale up operations. Technology improves the competitiveness of propylene glycol producers as technology continues to evolve, encouraging investment and expansion in the market.

Propylene Glycol Market Report Highlights
  • The Asia Pacific propylene glycol market accounted for 37.29% of the global revenue in 2025, fueled by rapid industrialization, urban expansion, and increasing demand from key end-use sectors such as automotive, pharmaceuticals, and food & beverages.
  • North America is projected to register a CAGR of 4.4% over the forecast period, driven by consistent demand from the region’s well-established automotive, pharmaceutical, and food industries.
  • The United States accounted for 74.21% share in North America in 2025, market growth is being propelled by a robust industrial base and strict regulatory standards, with strong government support playing a key role in driving demand for high-quality propylene glycol across sectors.
  • The pharmaceutical & food grade equipment segment is expected to grow at a CAGR of 4.2% during the forecast period, driven by increasing health consciousness, stringent safety regulations, and rising consumption of processed foods and personal care products.
  • In 2025, the pharmaceutical segment captured a significant 10.68% share of global revenue, largely due to its vital role as a carrier for active pharmaceutical ingredients in drug formulations
  • The global key market players are 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.


Polaris market research has segmented the propylene glycol market report based on grade, source, end user and region:
  • By Grade (Revenue - USD Billion; Volume - Kilotons; 2021–2034)


Pharmaceutical & Food Grade
  • Industrial Grade
  • By Source (Revenue - USD Billion; Volume - Kilotons; 2021–2034)


Petroleum-Based Propylene Glycol
  • Bio-Based Propylene Glycol
  • By End User (Revenue - USD Billion; Volume - Kilotons; 2021–2034)


Food and Beverage
  • Automotive
  • Personal Care and Cosmetics
  • Chemical
  • Pharmaceutical
  • Construction
  • Others

By Regional Outlook (Revenue - USD Billion; Volume- Kilotons; 2021–2034)

North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of APAC
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of MEA

Table of Contents

130 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Propylene Glycol Market Insights
4.1. Propylene Glycol – Industry Snapshot
4.2. Propylene Glycol Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising Demand from Automobile Sector for Antifreeze Solutions
4.2.1.2. Rising Demand from End-Use Industries
4.2.2. Restraints and Challenges
4.2.2.1. Volatile Raw Material Prices and Shortage in Supplies
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Medium)
4.3.2. Threats of New Entrants (Low to Medium)
4.3.3. Bargaining Power of Buyers (High)
4.3.4. Threat of Substitute (Medium to High)
4.3.5. Rivalry Among Existing Firms (High)
4.4. PEST Analysis
4.5. Propylene Glycol Market – Value Chain Analysis
4.6. Propylene Glycol Market – COVID-19 Impact Analysis and Industry Trends
5. Propylene Glycol Market Assessment by Grade
5.1. Introduction
5.2. Pharmaceutical & Food Grade
5.3. Industrial Grade
6. Propylene Glycol Market Assessment by Source
6.1. Introduction
6.2. Petroleum-Based Propylene Glycol
6.3. Bio-Based Propylene Glycol
7. Propylene Glycol Market Assessment by End-User
7.1. Introduction
7.2. Food and Beverage
7.3. Automotive
7.4. Personal Care and Cosmetics
7.5. Chemical
7.6. Pharmaceutical
7.7. Construction
7.8. Other End-Users
8. Propylene Glycol Market Assessment by Region
8.1. Introduction
8.2. Propylene Glycol Market – North America
8.2.1. Propylene Glycol Market – U.S.
8.2.2. Propylene Glycol Market – Canada
8.3. Propylene Glycol Market – Europe
8.3.1. Propylene Glycol Market – Germany
8.3.2. Propylene Glycol Market – France
8.3.3. Propylene Glycol Market – UK
8.3.4. Propylene Glycol Market – Italy
8.3.5. Propylene Glycol Market – Spain
8.4. Propylene Glycol Market – Asia Pacific
8.4.1. Propylene Glycol Market – China
8.4.2. Propylene Glycol Market – India
8.4.3. Propylene Glycol Market – Japan
8.4.4. Propylene Glycol Market – South Korea
8.5. Propylene Glycol Market – Latin America
8.5.1. Propylene Glycol Market – Brazil
8.5.2. Propylene Glycol Market – Mexico
8.5.3. Propylene Glycol Market – Colombia
8.6. Propylene Glycol Market – Middle East & Africa
8.6.1. Propylene Glycol Market – Saudi Arabia
8.6.2. Propylene Glycol Market – UAE
9. Competitive Landscape
9.1. Competitive Environment
9.2. Competitive Trends
9.3. Estimated Company Market Share Analysis, 2020
10. Company Profiles
10.1. BASF SE
10.1.1. Business Overview
10.1.2. Financial Snapshot
10.1.3. Products and Services
10.1.4. Recent Developments
10.2. Global Bio-Chem Technology Group Co., LTD.
10.2.1. Business Overview
10.2.2. Financial Snapshot
10.2.3. Products and Services
10.3. Dow Chemicals
10.3.1. Business Overview
10.3.2. Financial Snapshot
10.3.3. Products and Services
10.3.4. Recent Developments
10.4. Temix Oleo S.R.L.
10.4.1. Business Overview
10.4.2. Products and Services
10.5. Asahi Glass Co., LTD.
10.5.1. Business Overview
10.5.2. Financial Snapshot
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. Sinopec
10.6.1. Business Overview
10.6.2. Financial Snapshot
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. INEOS Oxide Ltd.
10.7.1. Business Overview
10.7.2. Financial Snapshot
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. Sumitomo Chemicals
10.8.1. Business Overview
10.8.2. Financial Snapshot
10.8.3. Products and Services
10.8.4. Recent Developments
10.9. Chaoyang Chemicals, Inc.
10.9.1. Business Overview
10.9.2. Products and Services
10.10. SKC
10.10.1. Business Overview
10.10.2. Financial Snapshot
10.10.3. Products and Services
10.11. TRInternational
10.11.1. Business Overview
10.11.2. Financial Snapshot
10.11.3. Products and Services
10.12. Royal Dutch Shell PLC
10.12.1. Business Overview
10.12.2. Financial Snapshot
10.12.3. Products and Services
10.13. Helm AG
10.13.1. Business Overview
10.13.2. Financial Snapshot
10.13.3. Products and Services
10.13.4. Recent Developments
10.14. LyondellBasell Industries Holdings B.V.
10.14.1. Business Overview
10.14.2. Financial Snapshot
10.14.3. Products and Services
10.15. Adeka Corporation
10.15.1. Business Overview
10.15.2. Financial Snapshot
10.15.3. Products and Services
10.16. Huntsman International LLC
10.16.1. Business Overview
10.16.2. Financial Snapshot
10.16.3. Products and Services
10.17. Archer-Daniels-Midland Company
10.17.1. Business Overview
10.17.2. Financial Snapshot
10.17.3. Products and Services
10.17.4. Recent Developments

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