Propylene Glycol (PG) Market Anticipates Strong Growth Driven by Demand Across Food, Pharmaceutical, and Industrial Sectors

LOS ANGELES, United States: The global Propylene Glycol (PG) market is expected to grow at a significant pace, reports QY Research. Its latest research report, titled "Global Propylene Glycol (PG) Market Research Report 2024". offers a unique point of view about the global market. Analysts believe that the changing consumption patterns are expected to have a great influence on the overall market. For a brief overview of the global Propylene Glycol (PG) market, the research report provides an executive summary. It explains the various factors that form an important element of the market. It includes the definition and the scope of the market with a detailed explanation of the market drivers, opportunities, restraints, and threats.

The global Propylene Glycol (PG) market was valued at US$ 6212 million in 2023 and is anticipated to reach US$ 7040 million by 2030, witnessing a CAGR of 1.9% during the forecast period 2024-2030.

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Key Players Mentioned in the Global Propylene Glycol (PG) Market Research Report: Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, Anhui Tongling Jintai, Shandong Shida Shenghua Chemical Co., Ltd., CNOOC Shell Petrochemical, Haike Xinyuan, Daze Chemical, Depp Technology, Ningbo Zhetie Dafeng Chemical Co., Ltd.

Globally, the Propylene Glycol market is led by major manufacturers such as Dow, LyondellBasell, INEOS, BASF, and ADM, which together control over 60% of the market share. The European Union is the largest regional market, accounting for more than 25% of global consumption, driven by its demand for surface coatings and reinforced resins. The United States and China are also significant markets, with these two regions contributing more than 35% of global demand. Industrial-grade PG is the most widely produced and consumed type, making up about 75% of total production due to its extensive use in industrial processes, particularly in UPR manufacturing.

Market Segmentation

Global Propylene Glycol (PG) Market, Segment by Type

Hydration

Transesterification

Biosynthesis

Global Propylene Glycol (PG) Market, Segment by Application

Unsaturated Polyester Resins (UPR)

Functional Fluids

Pharmaceuticals and Food

Liquid Detergents

Others

Looking ahead, Propylene Glycol is expected to see sustained growth, particularly in the unsaturated polyester resin (UPR) market, as industries such as construction, automotive, and coatings continue to expand. Additionally, rising demand for sustainable and environmentally friendly products in the cosmetics, pharmaceutical, and food sectors will drive further use of PG, especially as a humectant. As global environmental regulations tighten, manufacturers are expected to invest in greener and more sustainable production methods for PG. With its broad range of applications and ongoing innovation, Propylene Glycol is well-positioned for continued growth across both developed and emerging markets.

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Table of Content

1 Propylene Glycol (PG) Market Overview
1.1 Product Definition
1.2 Propylene Glycol (PG) by Type
1.2.1 Global Propylene Glycol (PG) Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Hydration
1.2.3 Transesterification
1.2.4 Biosynthesis
1.3 Propylene Glycol (PG) by Application
1.3.1 Global Propylene Glycol (PG) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Unsaturated Polyester Resins (UPR)
1.3.3 Functional Fluids
1.3.4 Pharmaceuticals and Food
1.3.5 Liquid Detergents
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Propylene Glycol (PG) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Propylene Glycol (PG) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Propylene Glycol (PG) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Propylene Glycol (PG) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Propylene Glycol (PG) Production Market Share by Manufacturers (2019-2024)
2.2 Global Propylene Glycol (PG) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Propylene Glycol (PG), Industry Ranking, 2022 VS 2023
2.4 Global Propylene Glycol (PG) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Propylene Glycol (PG) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Propylene Glycol (PG), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Propylene Glycol (PG), Product Offered and Application
2.8 Global Key Manufacturers of Propylene Glycol (PG), Date of Enter into This Industry
2.9 Propylene Glycol (PG) Market Competitive Situation and Trends
2.9.1 Propylene Glycol (PG) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Propylene Glycol (PG) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Propylene Glycol (PG) Production by Region
3.1 Global Propylene Glycol (PG) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Propylene Glycol (PG) Production Value by Region (2019-2030)
3.2.1 Global Propylene Glycol (PG) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Propylene Glycol (PG) by Region (2025-2030)
3.3 Global Propylene Glycol (PG) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Propylene Glycol (PG) Production by Region (2019-2030)
3.4.1 Global Propylene Glycol (PG) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Propylene Glycol (PG) by Region (2025-2030)
3.5 Global Propylene Glycol (PG) Market Price Analysis by Region (2019-2024)
3.6 Global Propylene Glycol (PG) Production and Value, Year-over-Year Growth
3.6.1 North America Propylene Glycol (PG) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Propylene Glycol (PG) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Propylene Glycol (PG) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Propylene Glycol (PG) Production Value Estimates and Forecasts (2019-2030)

4 Propylene Glycol (PG) Consumption by Region
4.1 Global Propylene Glycol (PG) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Propylene Glycol (PG) Consumption by Region (2019-2030)
4.2.1 Global Propylene Glycol (PG) Consumption by Region (2019-2030)
4.2.2 Global Propylene Glycol (PG) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Propylene Glycol (PG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Propylene Glycol (PG) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Propylene Glycol (PG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Propylene Glycol (PG) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Propylene Glycol (PG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Propylene Glycol (PG) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Propylene Glycol (PG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Propylene Glycol (PG) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Propylene Glycol (PG) Production by Type (2019-2030)
5.1.1 Global Propylene Glycol (PG) Production by Type (2019-2024)
5.1.2 Global Propylene Glycol (PG) Production by Type (2025-2030)
5.1.3 Global Propylene Glycol (PG) Production Market Share by Type (2019-2030)
5.2 Global Propylene Glycol (PG) Production Value by Type (2019-2030)
5.2.1 Global Propylene Glycol (PG) Production Value by Type (2019-2024)
5.2.2 Global Propylene Glycol (PG) Production Value by Type (2025-2030)
5.2.3 Global Propylene Glycol (PG) Production Value Market Share by Type (2019-2030)
5.3 Global Propylene Glycol (PG) Price by Type (2019-2030)

6 Segment by Application
6.1 Global Propylene Glycol (PG) Production by Application (2019-2030)
6.1.1 Global Propylene Glycol (PG) Production by Application (2019-2024)
6.1.2 Global Propylene Glycol (PG) Production by Application (2025-2030)
6.1.3 Global Propylene Glycol (PG) Production Market Share by Application (2019-2030)
6.2 Global Propylene Glycol (PG) Production Value by Application (2019-2030)
6.2.1 Global Propylene Glycol (PG) Production Value by Application (2019-2024)
6.2.2 Global Propylene Glycol (PG) Production Value by Application (2025-2030)
6.2.3 Global Propylene Glycol (PG) Production Value Market Share by Application (2019-2030)
6.3 Global Propylene Glycol (PG) Price by Application (2019-2030)

7 Key Companies Profiled
7.1 Dow
7.1.1 Dow Propylene Glycol (PG) Company Information
7.1.2 Dow Propylene Glycol (PG) Product Portfolio
7.1.3 Dow Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Dow Main Business and Markets Served
7.1.5 Dow Recent Developments/Updates
7.2 Lyondell Basell
7.2.1 Lyondell Basell Propylene Glycol (PG) Company Information
7.2.2 Lyondell Basell Propylene Glycol (PG) Product Portfolio
7.2.3 Lyondell Basell Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Lyondell Basell Main Business and Markets Served
7.2.5 Lyondell Basell Recent Developments/Updates
7.3 Indorama (Huntsman)
7.3.1 Indorama (Huntsman) Propylene Glycol (PG) Company Information
7.3.2 Indorama (Huntsman) Propylene Glycol (PG) Product Portfolio
7.3.3 Indorama (Huntsman) Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Indorama (Huntsman) Main Business and Markets Served
7.3.5 Indorama (Huntsman) Recent Developments/Updates
7.4 ADM
7.4.1 ADM Propylene Glycol (PG) Company Information
7.4.2 ADM Propylene Glycol (PG) Product Portfolio
7.4.3 ADM Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ADM Main Business and Markets Served
7.4.5 ADM Recent Developments/Updates
7.5 INEOS
7.5.1 INEOS Propylene Glycol (PG) Company Information
7.5.2 INEOS Propylene Glycol (PG) Product Portfolio
7.5.3 INEOS Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 INEOS Main Business and Markets Served
7.5.5 INEOS Recent Developments/Updates
7.6 BASF
7.6.1 BASF Propylene Glycol (PG) Company Information
7.6.2 BASF Propylene Glycol (PG) Product Portfolio
7.6.3 BASF Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 BASF Main Business and Markets Served
7.6.5 BASF Recent Developments/Updates
7.7 Repsol
7.7.1 Repsol Propylene Glycol (PG) Company Information
7.7.2 Repsol Propylene Glycol (PG) Product Portfolio
7.7.3 Repsol Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Repsol Main Business and Markets Served
7.7.5 Repsol Recent Developments/Updates
7.8 SKC
7.8.1 SKC Propylene Glycol (PG) Company Information
7.8.2 SKC Propylene Glycol (PG) Product Portfolio
7.8.3 SKC Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 SKC Main Business and Markets Served
7.8.5 SKC Recent Developments/Updates
7.9 Shell
7.9.1 Shell Propylene Glycol (PG) Company Information
7.9.2 Shell Propylene Glycol (PG) Product Portfolio
7.9.3 Shell Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shell Main Business and Markets Served
7.9.5 Shell Recent Developments/Updates
7.10 Anhui Tongling Jintai
7.10.1 Anhui Tongling Jintai Propylene Glycol (PG) Company Information
7.10.2 Anhui Tongling Jintai Propylene Glycol (PG) Product Portfolio
7.10.3 Anhui Tongling Jintai Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Anhui Tongling Jintai Main Business and Markets Served
7.10.5 Anhui Tongling Jintai Recent Developments/Updates
7.11 Shandong Shida Shenghua Chemical Co., Ltd.
7.11.1 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol (PG) Company Information
7.11.2 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol (PG) Product Portfolio
7.11.3 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Shandong Shida Shenghua Chemical Co., Ltd. Main Business and Markets Served
7.11.5 Shandong Shida Shenghua Chemical Co., Ltd. Recent Developments/Updates
7.12 CNOOC Shell Petrochemical
7.12.1 CNOOC Shell Petrochemical Propylene Glycol (PG) Company Information
7.12.2 CNOOC Shell Petrochemical Propylene Glycol (PG) Product Portfolio
7.12.3 CNOOC Shell Petrochemical Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.12.4 CNOOC Shell Petrochemical Main Business and Markets Served
7.12.5 CNOOC Shell Petrochemical Recent Developments/Updates
7.13 Haike Xinyuan
7.13.1 Haike Xinyuan Propylene Glycol (PG) Company Information
7.13.2 Haike Xinyuan Propylene Glycol (PG) Product Portfolio
7.13.3 Haike Xinyuan Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Haike Xinyuan Main Business and Markets Served
7.13.5 Haike Xinyuan Recent Developments/Updates
7.14 Daze Chemical
7.14.1 Daze Chemical Propylene Glycol (PG) Company Information
7.14.2 Daze Chemical Propylene Glycol (PG) Product Portfolio
7.14.3 Daze Chemical Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Daze Chemical Main Business and Markets Served
7.14.5 Daze Chemical Recent Developments/Updates
7.15 Depp Technology
7.15.1 Depp Technology Propylene Glycol (PG) Company Information
7.15.2 Depp Technology Propylene Glycol (PG) Product Portfolio
7.15.3 Depp Technology Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Depp Technology Main Business and Markets Served
7.15.5 Depp Technology Recent Developments/Updates
7.16 Ningbo Zhetie Dafeng Chemical Co., Ltd.
7.16.1 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol (PG) Company Information
7.16.2 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol (PG) Product Portfolio
7.16.3 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol (PG) Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Ningbo Zhetie Dafeng Chemical Co., Ltd. Main Business and Markets Served
7.16.5 Ningbo Zhetie Dafeng Chemical Co., Ltd. Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Propylene Glycol (PG) Industry Chain Analysis
8.2 Propylene Glycol (PG) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Propylene Glycol (PG) Production Mode & Process
8.4 Propylene Glycol (PG) Sales and Marketing
8.4.1 Propylene Glycol (PG) Sales Channels
8.4.2 Propylene Glycol (PG) Distributors
8.5 Propylene Glycol (PG) Customers

9 Propylene Glycol (PG) Market Dynamics
9.1 Propylene Glycol (PG) Industry Trends
9.2 Propylene Glycol (PG) Market Drivers
9.3 Propylene Glycol (PG) Market Challenges
9.4 Propylene Glycol (PG) Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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