Propylene Glycol (PG) Market
The global Propylene Glycol (PG) Market size reached 6,106 USD Million in 2024. Looking forward, MarketsGlob expects the market to reach 7,062.15 USD Million by 2031, exhibiting a growth rate (CAGR) of 2.1% during 2025-2031.
Propylene Glycol (PG) is a colorless, odorless, and slightly viscous liquid widely used as a solvent, humectant, and preservative in various industries. It is produced from propylene oxide and plays a key role in food processing, pharmaceuticals, cosmetics, and industrial applications due to its stability and safety profile.
Market Highlights
- Growing use of PG in pharmaceutical and food applications for moisture retention and stability.
- Rising demand in unsaturated polyester resins (UPR) and polypropylene glycol (PPG) production.
- Increasing adoption in cosmetic formulations and personal care products.
The Propylene Glycol Market is expected to witness consistent growth with expanding applications across food, cosmetic, and industrial sectors. Manufacturers are focusing on bio-based production methods and environmentally friendly processes to meet the growing demand for sustainable materials.
Propylene Glycol (PG) Market
Market forecast to grow at a CAGR of 2.1%
Note:The image is for illustrative purposes only
Key Players in the Market
The report includes a detailed analysis of both established and emerging companies in the market. Key players are highlighted based on their product offerings and other relevant factors, with consideration given to their year of market entry.
Major players includes
- Dow
- DuPont
- Huntsman
- ADM
- Polioles
- Lyondell Basell Industries
- Repsol
- BASF
- Oelon
- Sumitomo Chemical
- Asahi
- ADEKA
- SKC
- Shell
- Shandong Shida Shenghua Chemical
- Tongling Jintai Chemical
- CNOOC and Shell Petrochemicals
- Hi-tech Spring Chemical
- Daze Group
- Shandong Depu Chemical
(Please note that the list of players mentioned here is not final. We encourage you to request a sample report to review the most up-to-date list of all relevant players.)
Segmentation for Propylene Glycol (PG) Market
Products Segment Analysis
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
Applications Segment Analysis
- UPR
- PPG
- Pharmaceuticals and Food
- Others
(Please note that the segmentation provided in this report is not limited to these categories. We can further break down the data into additional segments as per your specific requirements. We encourage you to request a sample report to explore the detailed scope of our research and customized insights.)
Sales Channel Segment Analysis
- Direct Channel
- Distribution Channel
Market segment by Region/Country including:
- North America (United States, Canada, Mexico)
- Europe (Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific)
- South America (Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa)
 Market.png "Propylene Glycol (PG) Share by Product Types & Application")
Report Coverage:
| Base Year of the Analysis | 2025 |
|---|---|
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2032 |
| Types Covered | Industrial Grade, Food Grade, Pharmaceutical Grade |
| Applications Covered | UPR, PPG, Pharmaceuticals and Food, Others |
| Companies Covered |
Dow, DuPont, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF, Oelon, Sumitomo Chemical, Asahi, ADEKA, SKC, Shell, Shandong Shida Shenghua Chemical, Tongling Jintai Chemical, CNOOC and Shell Petrochemicals, Hi-tech Spring Chemical, Daze Group, Shandong Depu Chemical (Please note that the list of players mentioned here is not final. We encourage you to request a sample report to review the most up-to-date list of all relevant players.) |
| Sales Channels Covered | Direct Channel, Distribution Channel |
| Regions Covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa |
| Countries Covered | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe, China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific, Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America, UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa |
| Customization Scope | We offer extensive customization options for different segments at the region/country-level, ensuring that specific needs are met. Furthermore, our services extend to additional customization based on your unique requirements. |
| Purchase Options | We have three plans to opt for: Standard Plan (PDF), Advanced Plan (PDF + Excel Data Pack) & Extended Plan (PDF + Excel Data Pack + Periodic Update). For more details, please check details of plan types & features. |
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