Global Propylene Glycol (PG) Market Trends and Forecast 2025: Strategic Insights for Chemical Industry Stakeholders

The global Propylene Glycol (PG) market is broadly studied in the report with large focus on market competition, segmentation, geographical expansion, and other important aspects. The analysts who have prepared the report are highly experienced in market research and possess vast knowledge about the global Propylene Glycol (PG) market. The report includes deep analysis of microeconomic and macroeconomic factors impacting the growth of the global Propylene Glycol (PG) market. It also offers analysis of production, sales, and consumption growth in the global Propylene Glycol (PG) market. With the help of exhaustive research studies provided in the report, readers can easily become familiar with key dynamics of the global Propylene Glycol (PG) market, including drivers, restraints, and opportunities.

The global Propylene Glycol (PG) market was valued at US$ 6288 million in 2024 and is anticipated to reach US$ 7160 million by 2031, witnessing a CAGR of 1.9% during the forecast period 2025-2031.

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Propylene Glycol (PG), also known as 1, 2-propanediol or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. PG is widely used in various industries due to its versatility. Its primary application is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, commonly used in the construction, automotive, and industrial sectors. Additionally, Propylene Glycol is a key component in functional fluids, such as deicing and antifreeze solutions, critical for the aviation and automotive industries. It is also used in plasticizers, hydraulic brake fluids, and non-ionic detergents. Moreover, PG serves as a humectant in pharmaceuticals, cosmetics, animal feed, and tobacco, and is valued for its effectiveness as a solvent and extractant.

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.

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.

Competitive landscape is one of the most interesting subjects of any market research study. It provides readers with important information on competition trends, prominent players, and nature of competition. In this report, the authors have profiled some of the top-ranking as well as other players of the global Propylene Glycol (PG) market. In the company profiling section, each player is comprehensively studied while focusing on its market share, recent developments, production, gross revenue, profit margin, and other factors. The competitive analysis shared in the report will help players to improve their strategies to better compete with other companies.

Key Players Dominating the Global Propylene Glycol (PG) Markets are:

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.

All of the segments of the global Propylene Glycol (PG) market analyzed in the report are deeply studied while concentrating on their market share, CAGR, and growth opportunities. The segmentation study provided in the report will help players to identify rewarding growth prospects available in the global Propylene Glycol (PG) market. Furthermore, it offers a clear and thorough evaluation of key segments so that players could bank on profit-making areas of the global Propylene Glycol (PG) market. The analysts have explained each factor contributing to the growth of leading segments. In addition, they have provided a near-accurate prediction of the growth potential of each segment.

Segment by Type

Hydration
Transesterification
Biosynthesis

Segment by Application

Unsaturated Polyester Resins (UPR)
Functional Fluids
Pharmaceuticals and Food
Liquid Detergents
Others

The segment of the market features the areas that are secured under the global Propylene Glycol (PG) market are North America, South East Asia, Japan, India, China, and Europe. The regional analysis provided in the research study is an outstanding attempt made by the researchers to help players identify high-growth regions and modify their strategies according to the specific market scenarios therein. Each region is deeply analyzed with large focus on CAGR, market growth, market share, market situations, and growth forecast.

Segment by Region

North America
U.S.
Canada

Europe
Germany
France
U.K.
Italy
Russia


Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America
Mexico
Brazil
Argentina

Middle East & Africa
Turkey
Saudi Arabia
UAE

Methodology and Data Sources

The researchers used reliable primary and secondary information and data sources to compile the report. As part of the primary research process, they personally interviewed important entities and companies from the supply as well as demand side of the industry. These include key executives, innovation specialists, technology experts, marketing managers, vice presidents, chief financial officers, and chief executives. For secondary research, the analysts used articles by popular authors, company financial reports, quarterly and annual earnings presentations, web data, information from government and regulatory databases, and official journals.

The researchers used some important parameters for market forecasting: future capacity additions, current capacity, anticipated developments in the market and the industry, regulatory scenarios, price trends, supply and demand trends, raw material scenarios, key drivers and restraints, and their predicted impact on the global market.

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Market Report Objectives

(1) Analyzing the size of the global Propylene Glycol (PG) market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Propylene Glycol (PG) market

(3) Exploring key dynamics of the global Propylene Glycol (PG) market

(4) Highlighting important trends of the global Propylene Glycol (PG) market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Propylene Glycol (PG) market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Propylene Glycol (PG) market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Key Questions Answered in the Market Research Report

(A) Which are the five top players of the global Propylene Glycol (PG) market?

(B) How will the global Propylene Glycol (PG) market change in the next five years

(C) Which product and application will take a lion's share of the global Propylene Glycol (PG) market?

(D) What are the drivers and restraints of the global Propylene Glycol (PG) market?

(E)Which regional market will show the highest growth?

(F) What will be the CAGR and size of the global Propylene Glycol (PG) market throughout the forecast period?

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