openPR Logo
Press release

Propylene Glycol Market Surges: Projected Growth to $7.03 Billion by 2034

06-19-2024 03:35 PM CET | Science & Education

Press release from: FactMR

Propylene Glycol Market Surges: Projected Growth to $7.03

The global propylene glycol market 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.

The propylene glycol market is a significant segment of the global chemicals industry, driven by its versatile applications across various sectors such as pharmaceuticals, food and beverage, cosmetics, and industrial uses. Propylene glycol, chemically known as 1,2-propanediol, is a synthetic organic compound that finds widespread use due to its properties of solvency, viscosity, and moisture retention.

Get Free Sample Copy of This Report-

Applications and Market Dynamics:

Pharmaceutical Industry: Propylene glycol serves as a key ingredient in pharmaceutical formulations, primarily in oral, topical, and injectable drugs. Its properties as a solvent and stabilizer make it invaluable for ensuring the efficacy and stability of medications. Pharmaceutical-grade propylene glycol is rigorously tested to meet stringent purity standards, ensuring its safety for human consumption.

Food and Beverage Industry: In the food industry, propylene glycol is used as a solvent for food colors and flavors, and as a humectant in products such as baked goods, dairy products, and beverages. Its designation as "generally recognized as safe" (GRAS) by the FDA underscores its safety for use in food applications, driving its demand in this sector.

Cosmetics and Personal Care: Propylene glycol is widely employed in cosmetics and personal care products for its moisturizing and emulsifying properties. It is commonly found in products like lotions, creams, shampoos, and deodorants, where it helps maintain product stability and enhances skin hydration.

Industrial Applications: Beyond consumer products, propylene glycol is utilized in various industrial applications such as antifreeze and coolant formulations, where its low toxicity and ability to lower the freezing point of water make it ideal for protecting engines and industrial equipment from freezing or overheating.

Market Trends and Growth Drivers:

Health Consciousness: Increasing awareness among consumers regarding health and wellness has boosted demand for natural and safe ingredients in food, cosmetics, and pharmaceuticals, indirectly benefiting propylene glycol as a preferred additive.

Technological Advancements: Ongoing research and development efforts have led to the development of high-performance grades of propylene glycol, expanding its applications in specialized sectors such as electronic cigarettes (e-cigarettes) and pet food.

Regulatory Landscape: Stringent regulatory frameworks governing the use of chemicals in consumer products continue to shape the propylene glycol market. Compliance with standards set by regulatory bodies such as the FDA, EFSA (European Food Safety Authority), and others is crucial for market players to ensure product safety and legality.

Regional Insights:

North America and Europe: These regions dominate the propylene glycol market due to their established pharmaceutical, food processing, and cosmetics industries. Stringent regulatory standards and a high level of consumer awareness drive the demand for high-quality propylene glycol.

Asia-Pacific: The fastest-growing region in terms of market expansion, driven by rapid industrialization, urbanization, and increasing disposable incomes. Emerging economies such as China and India are witnessing robust demand for propylene glycol across multiple applications.


Price Volatility: Fluctuations in raw material prices, particularly crude oil (from which propylene is derived), can impact the overall cost structure and profitability of propylene glycol manufacturers.

Environmental Concerns: While propylene glycol is generally considered safe, there is growing scrutiny over its environmental impact, particularly in terms of disposal and its persistence in ecosystems.

Future Outlook:

The propylene glycol market is poised for steady growth, driven by expanding applications across diverse industries and regions. Continued innovation in product development, along with adherence to stringent regulatory standards, will be critical for industry participants to capitalize on emerging opportunities and sustain long-term growth in this dynamic market segment. As consumer preferences evolve towards safer and more sustainable products, the demand for high-quality propylene glycol is expected to remain robust, fostering innovation and market expansion in the years to come.

Get Customization on this Report for Specific Research Solutions:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

About Fact.MR:

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Propylene Glycol Market Surges: Projected Growth to $7.03 Billion by 2034 here

News-ID: 3545146 • Views:

More Releases from FactMR

Manufactured Soil Market Valued at US$ 7.9 Billion in 2023, Projected to Expand at 5.5% CAGR to Reach US$ 13.5 Billion by 2033
Manufactured Soil Market Valued at US$ 7.9 Billion in 2023, Projected to Expand …
The global manufactured soil market is valued at US$ 7.9 billion in 2023 and is projected to expand at a CAGR of 5.5% to reach US$ 13.5 billion by 2033-end. Manufactured soils contain varying proportions of sand, clay, and organic matter. Manufactured soils have increased in popularity recently due to their accessibility. However, this desire for synthetic soils frequently ignores the benefits of using an established, well-balanced natural soil. The manufactured
Wearable Adhesives Expected to Increase Rapidly at a 9.3% CAGR from 2023 to 2033
Wearable Adhesives Expected to Increase Rapidly at a 9.3% CAGR from 2023 to 2033
Global demand for wearable adhesives is anticipated to increase rapidly at a CAGR of 9.3% from 2023 to 2033. Currently, the global wearable adhesives market is valued at US$ 370 million and is thus expected to reach a market size of US$ 900 million by the end of 2033. The Wearable Adhesives Market has experienced significant growth in recent years, driven by advancements in wearable technology and the increasing adoption of
Radiation Dermatitis Treatment Market to Reach a High Value of US$ 700 Million by the End of 2021-2031
Radiation Dermatitis Treatment Market to Reach a High Value of US$ 700 Million b …
The global radiation dermatitis treatment market to register a high market value, reaching US$ 700 Mn by the end of the 2021-2031 assessment period, registering a CAGR of 5%. In the short-run, by 2021-end, sales of radiation dermatitis products are likely to close in at US$ 429.7 Mn. High demand is anticipated for topical hydrophilic creams, likely to yield 33% of global market revenue. Radiation dermatitis, a common side effect of
Factor Market Size Estimated at US$ 2,277.6 Million in 2024, Projected to Expand at 7.0% CAGR and Reach US$ 4,494.1 Million by 2034
Factor Market Size Estimated at US$ 2,277.6 Million in 2024, Projected to Expand …
The growth factor market size is estimated to be valued at US$ 2,277.6 million in 2024. Projections indicate a remarkable expansion with a CAGR of 7.0% through 2034. Anticipated growth is set to propel the market to an impressive size of US$ 4,494.1 million by 2034. The surging world population and the rising awareness of the benefits of growth factors in the general demographic have contributed to this exponential market

All 5 Releases

More Releases for Propylene

global Propylene Glycol Methyl Ether market is segmented by Propylene Glycol Mon …
Propylene glycol methyl ether, also known as 1-methoxy-2-propanol, is a colorless organic chemical compound. Generally, Propylene glycol methyl ether is medium boiling glycol ether that is categorized under P-series glycol ether group. This compound is produced by the reaction between propylene oxide and methanol which is carried out in presence catalyst. Propylene glycol methyl ether are used prevalently as an organic solvent in commercial as well as industrial applications such
Global Propylene Oxide Market 2017-2025 | Polyether Polyols, Propylene Glycols, …
Press Release – 06 Sep 2018 Research and Development News -- . . Latest Update "Global Market Study on Propylene Oxide: China and India Projected to Witness Robust Growth Rates in the APAC Regional Market During 2017-2025" with Industries Survey | Global Current Growth and Future. ' ' Market Research in its upcoming report titled Propylene Oxide Market: Global Industry Analysis and Forecast 2017-2025 has conducted an in-depth analysis of the propylene oxide market
Global Ethylene-Propylene-Diene Monomer Market
Global Ethylene-Propylene-Diene Monomer Market This report researches the worldwide EthylenePropyleneDiene Monomer market size value, capacity, production and consumption in key regions like North America, Europe, Asia Pacific China, Japan and other regions. This study categorizes the global EthylenePropyleneDiene Monomer breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters
Advancements in Propylene Oxide Market 
An oxide is a binary compound combined with an electropositive element or a group. Propylene, which is a colorless gas, belongs to the alkene group. It is obtained by thermal cracking of ethylene and has a faint odor similar to petroleum. Propylene oxide is a chemical compound of propylene and oxygen. It is organic and behaves as a chemical intermediate in various chemical synthesis processes. Propylene oxide with chemical formula
Global Propylene Oxide Market During 2017-2025 | Polyether Polyols, Propylene Gl …
Propylene Oxide Market: Global Industry Analysis and Forecast 2017-2025 has conducted an in-depth analysis of the propylene oxide market for an eight year forecast period concluding in 2025. The study is based on key market segments that have been appropriately explained below. Global Propylene Oxide Market: Taxonomy - By Application Polyether Polyols Propylene Glycols Propylene Glycol Ethers Others Flame Retardant Fumigants . . – Get Sample Report_ ' ' - Best-in-class Research Methodology Persistence Market Research analysts
Southeast Asia Propylene Market: propylene glycol production is highly scoped th …
Propylene or propene is one of the highly used and demanded organic compounds in the industry across the globe. This organic product is used to produce different types of chemicals that are used in various end user industries. There is high scope for the Southeast Asia Propylene Market due to rise in production quantity through 2020. Scope of the Southeast Asia Propylene Market: According to the IndustryARC research analysis studies on