1,2-Propylene Glycol Market Set to Exceed $7.04 Billion by 2030, Driven by Expanding Use in Pharmaceuticals and Industrial Applications

LOS ANGELES, United States: The global 1,2-Propylene Glycol market is expected to grow at a significant pace, reports QY Research. Its latest research report, titled "Global 1,2-Propylene Glycol 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 1,2-Propylene Glycol 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 1,2-Propylene Glycol 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 1,2-Propylene Glycol 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.

1, 2-Propylene Glycol is produced primarily by leading global manufacturers such as Dow, LyondellBasell, INEOS, BASF, and ADM, with the top five producers controlling over 60% of the global market. The European Union is the largest market for 1, 2-Propylene Glycol, accounting for more than 25% of global consumption. This is driven by the demand in surface coatings and reinforced resins. The United States and China are also key players in the market, collectively holding over 35% of global demand. The industrial-grade variety of 1, 2-Propylene Glycol is the most significant product segment, making up about 75% of total production due to its extensive use in industrial processes, especially in UPR manufacturing.

Market Segmentation

Global 1,2-Propylene Glycol Market, Segment by Type

Hydration

Transesterification

Biosynthesis

Global 1,2-Propylene Glycol Market, Segment by Application

Unsaturated Polyester Resins (UPR)

Functional Fluids

Cosmetics, Pharmaceutics and Food

Liquid Detergents

In the future, the primary growth driver for 1, 2-Propylene Glycol will continue to be its application in unsaturated polyester resins, as industries such as automotive, construction, and coatings expand. Additionally, there is an increasing demand for 1, 2-Propylene Glycol in cosmetics, pharmaceuticals, and food sectors, where it is used as a humectant, owing to growing consumer demand for environmentally friendly and sustainable products. As global environmental regulations become stricter, manufacturers of 1, 2-Propylene Glycol are expected to invest in greener and more sustainable production processes. This, combined with the chemical's versatility across multiple industries, will ensure continued market growth in both developed and emerging regions.

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Table of Content

1 1,2-Propylene Glycol Market Overview
1.1 Product Definition
1.2 1,2-Propylene Glycol by Type
1.2.1 Global 1,2-Propylene Glycol Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Hydration
1.2.3 Transesterification
1.2.4 Biosynthesis
1.3 1,2-Propylene Glycol by Application
1.3.1 Global 1,2-Propylene Glycol 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 Cosmetics, Pharmaceutics and Food
1.3.5 Liquid Detergents
1.4 Global Market Growth Prospects
1.4.1 Global 1,2-Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global 1,2-Propylene Glycol Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global 1,2-Propylene Glycol Production Estimates and Forecasts (2019-2030)
1.4.4 Global 1,2-Propylene Glycol Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

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

3 1,2-Propylene Glycol Production by Region
3.1 Global 1,2-Propylene Glycol Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global 1,2-Propylene Glycol Production Value by Region (2019-2030)
3.2.1 Global 1,2-Propylene Glycol Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of 1,2-Propylene Glycol by Region (2025-2030)
3.3 Global 1,2-Propylene Glycol Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global 1,2-Propylene Glycol Production by Region (2019-2030)
3.4.1 Global 1,2-Propylene Glycol Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of 1,2-Propylene Glycol by Region (2025-2030)
3.5 Global 1,2-Propylene Glycol Market Price Analysis by Region (2019-2024)
3.6 Global 1,2-Propylene Glycol Production and Value, Year-over-Year Growth
3.6.1 North America 1,2-Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe 1,2-Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
3.6.3 China 1,2-Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan 1,2-Propylene Glycol Production Value Estimates and Forecasts (2019-2030)

4 1,2-Propylene Glycol Consumption by Region
4.1 Global 1,2-Propylene Glycol Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global 1,2-Propylene Glycol Consumption by Region (2019-2030)
4.2.1 Global 1,2-Propylene Glycol Consumption by Region (2019-2030)
4.2.2 Global 1,2-Propylene Glycol Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America 1,2-Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America 1,2-Propylene Glycol Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe 1,2-Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe 1,2-Propylene Glycol 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 1,2-Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific 1,2-Propylene Glycol 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 1,2-Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa 1,2-Propylene Glycol 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 1,2-Propylene Glycol Production by Type (2019-2030)
5.1.1 Global 1,2-Propylene Glycol Production by Type (2019-2024)
5.1.2 Global 1,2-Propylene Glycol Production by Type (2025-2030)
5.1.3 Global 1,2-Propylene Glycol Production Market Share by Type (2019-2030)
5.2 Global 1,2-Propylene Glycol Production Value by Type (2019-2030)
5.2.1 Global 1,2-Propylene Glycol Production Value by Type (2019-2024)
5.2.2 Global 1,2-Propylene Glycol Production Value by Type (2025-2030)
5.2.3 Global 1,2-Propylene Glycol Production Value Market Share by Type (2019-2030)
5.3 Global 1,2-Propylene Glycol Price by Type (2019-2030)

6 Segment by Application
6.1 Global 1,2-Propylene Glycol Production by Application (2019-2030)
6.1.1 Global 1,2-Propylene Glycol Production by Application (2019-2024)
6.1.2 Global 1,2-Propylene Glycol Production by Application (2025-2030)
6.1.3 Global 1,2-Propylene Glycol Production Market Share by Application (2019-2030)
6.2 Global 1,2-Propylene Glycol Production Value by Application (2019-2030)
6.2.1 Global 1,2-Propylene Glycol Production Value by Application (2019-2024)
6.2.2 Global 1,2-Propylene Glycol Production Value by Application (2025-2030)
6.2.3 Global 1,2-Propylene Glycol Production Value Market Share by Application (2019-2030)
6.3 Global 1,2-Propylene Glycol Price by Application (2019-2030)

7 Key Companies Profiled
7.1 Dow
7.1.1 Dow 1,2-Propylene Glycol Company Information
7.1.2 Dow 1,2-Propylene Glycol Product Portfolio
7.1.3 Dow 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.2.2 Lyondell Basell 1,2-Propylene Glycol Product Portfolio
7.2.3 Lyondell Basell 1,2-Propylene Glycol 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) 1,2-Propylene Glycol Company Information
7.3.2 Indorama (Huntsman) 1,2-Propylene Glycol Product Portfolio
7.3.3 Indorama (Huntsman) 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.4.2 ADM 1,2-Propylene Glycol Product Portfolio
7.4.3 ADM 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.5.2 INEOS 1,2-Propylene Glycol Product Portfolio
7.5.3 INEOS 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.6.2 BASF 1,2-Propylene Glycol Product Portfolio
7.6.3 BASF 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.7.2 Repsol 1,2-Propylene Glycol Product Portfolio
7.7.3 Repsol 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.8.2 SKC 1,2-Propylene Glycol Product Portfolio
7.8.3 SKC 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.9.2 Shell 1,2-Propylene Glycol Product Portfolio
7.9.3 Shell 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.10.2 Anhui Tongling Jintai 1,2-Propylene Glycol Product Portfolio
7.10.3 Anhui Tongling Jintai 1,2-Propylene Glycol 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. 1,2-Propylene Glycol Company Information
7.11.2 Shandong Shida Shenghua Chemical Co., Ltd. 1,2-Propylene Glycol Product Portfolio
7.11.3 Shandong Shida Shenghua Chemical Co., Ltd. 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.12.2 CNOOC Shell Petrochemical 1,2-Propylene Glycol Product Portfolio
7.12.3 CNOOC Shell Petrochemical 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.13.2 Haike Xinyuan 1,2-Propylene Glycol Product Portfolio
7.13.3 Haike Xinyuan 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.14.2 Daze Chemical 1,2-Propylene Glycol Product Portfolio
7.14.3 Daze Chemical 1,2-Propylene Glycol 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 1,2-Propylene Glycol Company Information
7.15.2 Depp Technology 1,2-Propylene Glycol Product Portfolio
7.15.3 Depp Technology 1,2-Propylene Glycol 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. 1,2-Propylene Glycol Company Information
7.16.2 Ningbo Zhetie Dafeng Chemical Co., Ltd. 1,2-Propylene Glycol Product Portfolio
7.16.3 Ningbo Zhetie Dafeng Chemical Co., Ltd. 1,2-Propylene Glycol 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 1,2-Propylene Glycol Industry Chain Analysis
8.2 1,2-Propylene Glycol Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 1,2-Propylene Glycol Production Mode & Process
8.4 1,2-Propylene Glycol Sales and Marketing
8.4.1 1,2-Propylene Glycol Sales Channels
8.4.2 1,2-Propylene Glycol Distributors
8.5 1,2-Propylene Glycol Customers

9 1,2-Propylene Glycol Market Dynamics
9.1 1,2-Propylene Glycol Industry Trends
9.2 1,2-Propylene Glycol Market Drivers
9.3 1,2-Propylene Glycol Market Challenges
9.4 1,2-Propylene Glycol 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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