Propylene Glycol Market Size To Reach $6,975.8 Million By 2030

Propylene Glycol Market Growth & Trends

The global propylene glycol market size is expected to reach USD 6,975.8 million in 2030 and is anticipated to expand at a CAGR of 6.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for propylene glycol to produce unsaturated polyester resins which are increasingly being used in the construction industry in concrete, reinforcement, roofing, and others. In addition, the product is widely used to produce water emulsion paints for coating the interiors of architectural buildings.

Propylene oxide is a major raw major used in the production of propylene glycol. The product is used in a wide range of industries owing to its low toxicity and freezing point which is depressed upon mixing with water. Propylene glycol is used in the food industry for food flavorings and colorings and is classified as a humectant food additive. It is also used in the cosmetics industry and personal care products such as shampoos, baby wipes, moisturizers, and bubble baths.

Asia Pacific is expected to grow at the highest CAGR in the forecast period owing to the rapidly growing construction industry in the region, especially in developing economies such as China, India, Japan, Indonesia, and others. According to the National Investment Promotion & Facilitation Agency, construction is the second-largest employer in India and is projected to become the third-largest construction market across the globe by 2025. The sector accounts for around 9% of the country's GDP and employs 51 million people. 

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Propylene Glycol Market Report Highlights

• The market is witnessing steady growth, primarily driven by its wide-ranging applications across food & beverage, pharmaceuticals, personal care, and industrial manufacturing sectors.

• The petroleum-based segment dominated the market with a revenue share of over 71.2% in 2024. This is attributed to its lower cost compared to its bio-based counterpart.

• The industrial grade segment dominated the market with a revenue share of over 63.3% in 2024. This is attributed to its increasing demand from the construction sector for building materials

• The construction segment dominated the market with a revenue share of over 38.6% in 2024. This is attributed to its increasing demand from the construction sector in the manufacturing of building materials

• Asia Pacific emerged as a dominating market, accounting for a revenue share of over 45% in 2024. This growth is attributed to the strong construction sector growth in countries such as China, India, Indonesia, and others

Propylene Glycol Market Segmentation

Grand View Research has segmented the global propylene glycol market report based on source, grade, end use, and region:

Propylene Glycol Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Petroleum Based

• Bio Based

Propylene Glycol Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Industrial Grade

• USP Grade

Propylene Glycol End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food & Beverages

• Pharmaceuticals

• Cosmetics & Personal Care

• Construction

• Transportation

• Others

Propylene Glycol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Propylene Glycol Market

• Dow

• BASF SE

• ADM

• INEOS

• Shell Plc

• Adeka Corporation

• Huntsman International LLC.

• LyondellBasell Industries Holdings B.V.