Propylene Glycol Market Set to Reach 7.76 million tons by 2031, Strong Growth by 2031 Driven by EV Coolants, Food Applications

Mordor Intelligence has published a new report on the propylene glycol, offering a comprehensive analysis of trends, growth drivers, and future projections

Propylene Glycol Market Outlook

According to Mordor Intelligence, the propylene glycol market size is projected to grow from 4.98 million tons in 2025 to 5.36 million tons in 2026, reaching 7.76 million tons by 2031, expanding at a CAGR of 7.68% during the forecast period. This market forecast reflects steady demand across multiple sectors, including construction, pharmaceuticals, automotive, and food processing. The industry is benefiting from its versatility, low toxicity profile, and regulatory acceptance in several applications.

Report Overview: https://www.mordorintelligence.com/industry-reports/propylene-glycol-market?utm_source=openpr

The propylene glycol market growth is supported by increasing use in unsaturated polyester resins, especially in wind energy and infrastructure projects. At the same time, rising demand for pharmaceutical-grade materials and safer excipients is strengthening its presence in healthcare. In addition, manufacturers are focusing on cost-efficient production methods, including direct catalytic routes and bio-based alternatives. While the market shows strong long-term potential, fluctuations in feedstock prices and stricter quality standards in pharmaceutical applications continue to influence short-term dynamics.

Key Insights in the Propylene Glycol Market

Rising Demand from Food and Beverage Applications

One of the notable propylene glycol market trends is its increasing use in food and beverage formulations. Regulatory approvals have enabled manufacturers to use it as a humectant, solvent, and stabilizer without complex labeling requirements. It plays an important role in maintaining moisture, improving texture, and extending shelf life in packaged foods. Beverage producers rely on it for flavor delivery, especially in reduced-sugar products, while bakery manufacturers use it to maintain freshness during storage and transportation.

Expansion in Automotive Coolants and De-Icing Fluids

The shift toward electric mobility is shaping new opportunities in the propylene glycol market. Electric vehicles require efficient thermal management systems, and propylene glycol-based coolants are preferred due to their low toxicity and stable performance across temperature ranges. In addition, the aviation sector continues to depend on propylene glycol for de-icing fluids, ensuring safety in cold weather conditions.

Growth in Unsaturated Polyester Resin Applications

The construction and renewable energy sectors are influencing the propylene glycol market share through increased demand for unsaturated polyester resins. These resins are widely used in wind turbine blades, storage tanks, and corrosion-resistant structures. With expanding wind energy projects and infrastructure investments, the demand for durable and cost-effective materials continues to rise.

Shift Toward Bio-Based Production

Manufacturers are adopting bio-based production methods using renewable feedstocks such as glycerin. These alternatives help reduce carbon emissions and align with environmental standards. Certifications and sustainability frameworks are encouraging companies to shift toward greener production. As a result, the propylene glycol market trends indicate a gradual transition toward a dual structure, where both conventional and sustainable products coexist.

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Propylene Glycol Market Segmentation

By Application

Flavoring Agent
Antifreeze and Deicer Agent
Unsaturated Polyester Resins
Chemical Intermediates
Other Applications

By End-User Industry

Transportation
Building and Construction
Food and Beverages
Personal Care
Pharmaceuticals
Other End-user Industries

By Geography

Asia-Pacific
North America
Europe
South America
Middle East and Africa

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Key Players in the Propylene Glycol Industry

Dow
LyondellBasell Industries Holdings B.V.
BASF
INEOS
ADM

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Conclusion

The propylene glycol market forecast indicates a stable and diversified growth path supported by multiple industries. From food processing and pharmaceuticals to construction and automotive, the wide range of applications ensures consistent demand. The market growth is closely tied to emerging needs such as electric vehicle cooling systems, renewable energy infrastructure, and safer chemical formulations. At the same time, sustainability efforts are influencing production methods, leading to increased adoption of bio-based alternatives.

Despite some challenges such as raw material price fluctuations and strict regulatory standards, the overall outlook for the market size remains positive. Companies that focus on efficiency, compliance, and sustainability are expected to maintain a strong position in the evolving industry. In the coming years, the balance between traditional and sustainable production, along with expanding application areas, will define the direction of the propylene glycol market trends.

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Bioplastics Market Trends

The Bioplastics market size is projected to grow from 2.37 million tons in 2025 to 2.78 million tons in 2026, reaching 6.18 million tons by 2031 at a CAGR of 17.33%. Expansion is supported by global bans on single-use plastics, corporate sustainability goals, and increased investments in renewable feedstock production, particularly across Asia-Pacific.

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Diethylene Glycol Market Growth

The Diethylene Glycol market size is estimated at 6.57 million tons in 2025 and is expected to reach 9.52 million tons by 2030, growing at a CAGR of 7.7%. Market growth is driven by rising demand from construction and coatings industries, along with increased use as a chemical intermediate in PET resins and textiles, especially in Asia-Pacific.

Get more insights: https://www.mordorintelligence.com/industry-reports/diethylene-glycol-deg-market?utm_source=openpr

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