Propylene Glycol Market to Reach USD 9.5 Billion by 2035, Driven by Industrial and Consumer Demand, Report Finds

The global propylene glycol (PG) market is projected to grow from an estimated USD 5.2 billion in 2025 to USD 9.5 billion by 2035, exhibiting a robust Compound Annual Growth Rate (CAGR) of 6.3%. The compelling growth is fueled by PG's indispensable role across a wide range of industries, including pharmaceuticals, food and beverages, and personal care.

The report highlights that the market's expansion is not only due to its versatile applications as a solvent, humectant, and stabilizer but also to increasing industrialization and consumer demand for high-quality, safe ingredients.

Explore In-Depth Analysis-Click Here to Access the Report!
https://www.futuremarketinsights.com/reports/global-propylene-glycol-market

Key Market Takeaways and Strategic Insights

The analysis provides a detailed look into the market's structure and
competitive landscape, offering critical insights for stakeholders.

• Petroleum-Based Dominance: The petroleum-based segment remains the market leader, commanding a 61.8% revenue share in 2025. Its long-standing market position is a testament to its scalable production, competitive pricing, and established global supply chains. This segment's reliable performance and ability to meet stringent quality standards for diverse applications solidify its market leadership.
• Industrial-Grade Fuels Growth: With a 58.6% share in 2025, the industrial grade segment is a key driver of market growth. Its widespread use in chemical processing, coolants, and antifreeze is crucial for sectors with high-volume manufacturing requirements. The expanding industrial infrastructure in emerging economies is expected to further boost demand for this cost-effective and consistent material.
• Food & Beverages Lead End-Use: The food and beverages segment accounts for a significant 27.3% of the market share in 2025. This is driven by PG's critical function as a safe food additive, helping to extend shelf life and maintain product integrity in a variety of food products, from baked goods to processed foods. Strict food safety regulations and rising consumer interest in product quality are accelerating its adoption.
• Regional Powerhouses: The Asia-Pacific region, led by China (8.5% CAGR) and India (7.9% CAGR), is projected to be the engine of market growth. This is attributed to rapid urbanization, booming manufacturing sectors, and rising disposable incomes. Developed markets like Germany (7.2% CAGR) and the USA (5.4% CAGR) continue to provide stable growth, particularly in high-value sectors such as pharmaceuticals and specialty chemicals. The USA market alone is forecast to grow from $1.9 billion in 2025 to USD 3.2 billion by 2035.

Competitive Landscape and Market Positioning

The global propylene glycol market is highly competitive, with a few key players-Dow, BASF SE, ADM, INEOS, Shell Plc, Adeka Corporation, Huntsman International LLC., and LyondellBasell Industries Holdings B.V.-holding significant influence.

• Market Leaders: Dow and BASF SE are positioned as market leaders, leveraging their global scale, extensive product portfolios, and strong R&D capabilities. Their competitive advantage stems from a focus on both conventional and bio-based production, addressing a broad spectrum of customer needs from industrial to pharmaceutical grades.
• Strategic Growth: Players like ADM and INEOS are strategically expanding their market presence. ADM, in particular, is noted for its focus on bio-based propylene glycol, positioning itself to capitalize on the growing demand for sustainable and eco-friendly alternatives. This aligns with a significant industry trend toward greener solutions and reduced carbon footprints.
• Diversified Portfolios: Companies such as Shell Plc and LyondellBasell Industries Holdings B.V. utilize their diversified petrochemical portfolios to maintain a strong market position. Their integrated supply chains and global distribution networks provide a significant advantage in ensuring reliable product availability.

Propylene Glycol Market by Segments

Source:

o Petroleum Based
o Bio Based

Grade:

o Industrial Grade
o USP Grade

End Use:

o Food & Beverages
o Pharmaceuticals
o Cosmetics & Personal Care
o Construction
o Transportation

Discover Growth Opportunities in the Market - Get Your Sample Report Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-149

Have a Look at Related Research Reports on the Chemicals & Materials Domain:

Paper Coating Materials Market - https://www.futuremarketinsights.com/reports/paper-coating-materials-market

Animal Parasiticide Market- https://www.futuremarketinsights.com/reports/animal-parasiticide-market

Super Absorbent Polymer Market - https://www.futuremarketinsights.com/reports/super-absorbent-polymer-market

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.