Rising Demand For Processed Foods Ignites Propylene Glycol Market Growth: Critical Driver Shaping the Propylene Glycol Market in 2025

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Propylene Glycol Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant expansion in the propylene glycol market size in the past few years. The market's value is projected to escalate from $4.71 billion in 2024 to $5.01 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth in the past include its multifaceted uses, its humectant and solvent characteristics, and its applications in diverse sectors such as industrial manufacturing, the food and beverage industry, pharmaceuticals, and personal care.

Propylene Glycol Market Size Forecast: What's the Projected Valuation by 2029?
It is anticipated that the market size for propylene glycol will witness robust growth in the upcoming years, with a projected value of $6.68 billion in 2029 and a compound annual growth rate (CAGR) of 7.5%. The expected growth during this prediction period is largely due to the impact of several factors like the adoption of bio-based propylene glycol, an increased emphasis on health and hygiene, advancements in food preservation and packaging, utilization of antifreeze and coolants in the automotive industry, and varied industrial applications. Noteworthy trends for this forecast period include enhancement of supply chain processes, strategies for market expansion, emphasis on sustainability and regulatory compliance, as well as research and development and overall industrial utilization.

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What Are the Drivers Transforming the Propylene Glycol Market?
The rise in processed food intake is anticipated to boost the propylene glycol market's upswing. Processed food is categorized as any food manipulated during the preparation phase. Propylene glycol, employed as a preservative, flavor booster, and processing aid, enhances the aesthetics of foods. For example, the Food Export Association of the Midwest USA, a nonprofit organization from the US, suggests that the retail turnover of packaged foods in Japan could touch $235.9 billion by 2026. This indicates a 9.1% surge, or $19.6 billion, from 2022. Hence, the propylene glycol market's growth is fuelled by the escalating consumption of processed foods.

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What Long-Term Trends Will Define the Future of the Propylene Glycol Market?
A major trend that is gaining traction in the propylene glycol market is product innovation. Companies leading in this market are creating distinctive products to consolidate their market position. The significance of bio-based propylene is growing due to escalating health concerns. To illustrate, in March 2022, Evonik, a chemical manufacturing company based in Germany, introduced its pioneer isophorone-based products derived from renewable acetone aimed at reducing the CO2 footprint. These novel isophorone products, chemically alike their fossil-based precursors, preserve the same processing, formulation, and performance qualities. They can support the industry in significantly lowering its global warming potential and CO2 footprint vis-à-vis traditional isophorone products.

Which Segments in the Propylene Glycol Market Offer the Most Profit Potential?
The propylene glycol market covered in this report is segmented -

1) By Source: Petroleum-Based, Bio-Based
2) By Grade: Industrial Grade, Pharmaceutical Grade
3) By Application: Animal Feed, Inks, Lacquers, Tobacco Humectants, Varnishes
4) By End User: Building And Construction, Consumer Goods, Cosmetics And Personal Care, Electronics, Food And Beverages, Paint And Coatings, Pharmaceuticals, Textile Industries, Tobacco, Transportation

Subsegments:
1) By Petroleum-Based: Conventional Propylene Glycol, High Purity Propylene Glycol
2) By Bio-Based: Glycerol-Based Propylene Glycol, Fermentation-Based Propylene Glycol

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Which Firms Dominate the Propylene Glycol Market by Market Share and Revenue in 2025?
Major companies operating in the propylene glycol market are Archer-Daniels-Midland Company, BASF SE, The DOW Chemical Company, Bio-Chem Technology Group Co. Ltd., LyondellBasell Industries N.V., Huntsman Corporation, SKC CO. Ltd., INEOS Group Holdings Limited, Manali Petrochemicals Limited, DowDuPont Inc., Royal Dutch Shell PLC, ADEKA Corporation, Chaoyang Chemicals Inc., Temix International SRL, Helm AG, Repsol S.A., Arch Chemicals Inc., HaiKe Chemical Group, Global Bio-chem Technology Group Co. Ltd., DuPont Tate & Lyle Bio Products LLC, Flint Group Holdings Limited, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG, Marabu GmbH & Co. KG, Nutec Digital Ink Ltd., Chemicoat Co. Ltd., Oleon NV, Penta Manufacturing Company, Kraft Chemical Company

Which Regions Offer the Highest Growth Potential in the Propylene Glycol Market?
Asia-Pacific was the largest region in the propylene glycol market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the propylene glycol report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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