What is the projected market valuation of the Propylene Glycol Market by 2035?

The Propylene Glycol Market is projected to reach a valuation of 8.06 USD Million by 2035. Read More

What was the market valuation of the Propylene Glycol Market in 2024?

In 2024, the overall market valuation of Propylene Glycol was 5.05 USD Million. Read More

What is the expected CAGR for the Propylene Glycol Market during the forecast period 2025 - 2035?

The expected CAGR for the Propylene Glycol Market during the forecast period 2025 - 2035 is 4.34%. Read More

Which companies are considered key players in the Propylene Glycol Market?

Key players in the Propylene Glycol Market include Dow Chemical Company, BASF SE, and LyondellBasell Industries N.V. Read More

What are the main segments of the Propylene Glycol Market?

The main segments of the Propylene Glycol Market include Source, Grade, and End-Use Industry. Read More

How did the Petroleum-Based segment perform in 2024?

In 2024, the Petroleum-Based segment was valued at 3.03 USD Million. Read More

What is the projected value of the Bio-Based segment by 2035?

The Bio-Based segment is projected to reach a value of 3.26 USD Million by 2035. Read More

What was the valuation of the Pharmaceutical Grade segment in 2024?

The Pharmaceutical Grade segment was valued at 2.02 USD Million in 2024. Read More

Which end-use industry is expected to show significant growth in the Propylene Glycol Market?

The Food & Beverage industry is expected to show significant growth, with a projected value of 1.6 USD Million by 2035. Read More

How does the performance of the Cosmetics & Personal Care segment compare to others?

The Cosmetics & Personal Care segment was valued at 0.76 USD Million in 2024, indicating potential for growth in the coming years. Read More

Propylene Glycol Market

ID: MRFR/CnM/4501-CR

203 Pages

Chitranshi Jaiswal

Last Updated: June 09, 2026

Propylene Glycol Market Research Report Information By Source (Petroleum-Based, Bio-Based), By Grade (Industrial Grade, Pharmaceutical Grade), By End-Use Industry (Food & Beverage, Cosmetics & Personal Care, Pharmaceutical, Transportation, Building & Construction, Others), By Region -Global Forecast to 2035

Summary Table of Contents Segmentation Download PDF

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1 Market Overview |
1. 1.1 Study Assumptions & Market Definition |
2. 1.2 Scope of the Study |
3. 1.3 Research Methodology
2 Market Summary & Key Takeaways
3 Market Dynamics |
1. 3.1 Market Drivers Analysis | |
  1. 3.1.1 Wind-Energy Composite Demand for Unsaturated Polyester Resins | |
  2. 3.1.2 EV Thermal-Management Fluids Adoption | |
  3. 3.1.3 USP-Grade Pharmaceutical Solvents Expansion | |
  4. 3.1.4 Bio-Based Production Route Scale-Up | |
  5. 3.1.5 Food Grade Propylene Glycol Regulatory Approvals | |
  6. 3.1.6 Infrastructure Spending on Building Composites | |
  7. 3.1.7 Personal Care Chemicals Reformulation Trends |
2. 3.2 Market Restraints Analysis | |
  1. 3.2.1 Propylene Oxide Feedstock Price Volatility | |
  2. 3.2.2 Chinese Commodity-Grade Overcapacity | |
  3. 3.2.3 Tighter Pharmaceutical Impurity Limits | |
  4. 3.2.4 Substitution by Bio-Based Glycerol Alternatives | |
  5. 3.2.5 Regulatory Scrutiny on Indirect Food Additives |
3. 3.3 Market Opportunity Analysis | |
  1. 3.3.1 EV Battery Coolant Standardization | |
  2. 3.3.2 Bio-Based Premium Channels | |
  3. 3.3.3 Emerging-Market Pharmaceutical Manufacturing | |
  4. 3.3.4 Data-Driven Supply-Chain Optimization | |
  5. 3.3.5 Middle East Petrochemical Diversification |
4. 3.4 Industry Value Chain Analysis |
5. 3.5 Porter's Five Forces Analysis
4 Global Propylene Glycol Market Size & Forecast (2021–2035) |
1. 4.1 Historical Market Size (2021–2025) |
2. 4.2 Current & Forecast Market Size (2026–2035) |
3. 4.3 Market Size by Volume (Million Tons) |
4. 4.4 Year-over-Year Growth Analysis
5 Segmentation Analysis |
1. 5.1 By Application | |
  1. 5.1.1 Unsaturated Polyester Resins | |
  2. 5.1.2 Antifreeze and Deicer Agent | |
  3. 5.1.3 Flavoring Agent | |
  4. 5.1.4 Chemical Intermediates | |
  5. 5.1.5 Other Applications |
2. 5.2 By End-User Industry | |
  1. 5.2.1 Food and Beverages | |
  2. 5.2.2 Transportation | |
  3. 5.2.3 Building and Construction | |
  4. 5.2.4 Pharmaceuticals | |
  5. 5.2.5 Other End Users
6 Regional Analysis |
1. 6.1 North America | |
  1. 6.1.1 United States | |
  2. 6.1.2 Canada | |
  3. 6.1.3 Mexico |
2. 6.2 Europe | |
  1. 6.2.1 Germany | |
  2. 6.2.2 United Kingdom | |
  3. 6.2.3 France | |
  4. 6.2.4 Italy | |
  5. 6.2.5 Spain | |
  6. 6.2.6 Nordic Countries | |
  7. 6.2.7 Russia | |
  8. 6.2.8 Rest of Europe |
3. 6.3 Asia-Pacific | |
  1. 6.3.1 China | |
  2. 6.3.2 India | |
  3. 6.3.3 Japan | |
  4. 6.3.4 South Korea | |
  5. 6.3.5 ASEAN | |
  6. 6.3.6 Rest of Asia-Pacific |
4. 6.4 South America | |
  1. 6.4.1 Brazil | |
  2. 6.4.2 Argentina | |
  3. 6.4.3 Rest of South America |
5. 6.5 Middle East & Africa | |
  1. 6.5.1 Saudi Arabia | |
  2. 6.5.2 UAE | |
  3. 6.5.3 South Africa | |
  4. 6.5.4 Egypt | |
  5. 6.5.5 Rest of MEA
7 Competitive Landscape |
1. 7.1 Market Share Analysis (2025) |
2. 7.2 Competitive Benchmarking Matrix |
3. 7.3 Company Profiles | |
  1. 7.3.1 Dow Inc. | |
  2. 7.3.2 LyondellBasell Industries | |
  3. 7.3.3 BASF SE | |
  4. 7.3.4 Huntsman Corporation | |
  5. 7.3.5 Archer Daniels Midland (ADM) | |
  6. 7.3.6 Shell Chemicals | |
  7. 7.3.7 Sinopec | |
  8. 7.3.8 SKC Co., Ltd. | |
  9. 7.3.9 Shandong Shida Shenghua Chemical Group | |
  10. 7.3.10 Manali Petrochemicals Limited
8 Future Outlook & Strategic Recommendations (2026–2035) |
1. 8.1 Electrification Supercycle and Thermal Management |
2. 8.2 Sustainability-Attributed Supply Chains |
3. 8.3 Pharmaceutical Precision and Regulatory Tightening |
4. 8.4 Digital Operations and AI-Driven Optimization
9 Recent Developments & News
10 Frequently Asked Questions (FAQs)
11 Report Scope & Methodology |
1. 11.1 Study Period & Base Year |
2. 11.2 Data Sources & Citations |
3. 11.3 Abbreviations
12 LIST OF TABLES |
TABLE 1 Global Propylene Glycol Market Size & Forecast, by Volume (Million Tons), 2021–2035 |
TABLE 2 Global Propylene Glycol Market – Year-over-Year Growth Analysis, 2021–2035 |
TABLE 3 Global Propylene Glycol Market – Driver Impact Analysis |
TABLE 4 Global Propylene Glycol Market – Restraint Impact Analysis |
TABLE 5 Global Propylene Glycol Market Size, by Application, 2021–2035 |
TABLE 6 Global Propylene Glycol Market Size, by End-User Industry, 2021–2035 |
TABLE 7 Global Propylene Glycol Market Size, by Region, 2021–2035 |
TABLE 8 North America Propylene Glycol Market Size, by Country, 2021–2035 |
TABLE 9 Europe Propylene Glycol Market Size, by Country, 2021–2035 |
TABLE 10 Asia-Pacific Propylene Glycol Market Size, by Country, 2021–2035 |
TABLE 11 South America Propylene Glycol Market Size, by Country, 2021–2035 |
TABLE 12 Middle East & Africa Propylene Glycol Market Size, by Country, 2021–2035 |
TABLE 13 Competitive Benchmarking Matrix – Global Propylene Glycol Market, 2025 |
TABLE 14 Company Profiles – Key Players, Global Propylene Glycol Market |
TABLE 15 Recent Developments & Strategic Announcements, 2023–2025 |
TABLE 16 Report Scope & Methodology Summary |
TABLE 17 Detailed Sources and Citations |
TABLE 18 North America Propylene Glycol Market Size, by Application, 2021–2035 |
TABLE 19 North America Propylene Glycol Market Size, by End-User Industry, 2021–2035 |
TABLE 20 Europe Propylene Glycol Market Size, by Application, 2021–2035 |
TABLE 21 Europe Propylene Glycol Market Size, by End-User Industry, 2021–2035 |
TABLE 22 Asia-Pacific Propylene Glycol Market Size, by Application, 2021–2035 |
TABLE 23 Asia-Pacific Propylene Glycol Market Size, by End-User Industry, 2021–2035 |
TABLE 24 South America Propylene Glycol Market Size, by Application, 2021–2035 |
TABLE 25 South America Propylene Glycol Market Size, by End-User Industry, 2021–2035 |
TABLE 26 Middle East & Africa Propylene Glycol Market Size, by Application, 2021–2035 |
TABLE 27 Middle East & Africa Propylene Glycol Market Size, by End-User Industry, 2021–2035
13 LIST OF FIGURES |
FIGURE 1 Propylene Glycol Market Dynamics – Drivers, Restraints, and Opportunities |
FIGURE 2 Industry Value Chain Analysis – Propylene Glycol Market |
FIGURE 3 Porter's Five Forces Analysis – Propylene Glycol Market |
FIGURE 4 Global Propylene Glycol Market Size Trend, 2021–2035 (Million Tons) |
FIGURE 5 Global Propylene Glycol Market Share, by Application, 2025 (%) |
FIGURE 6 Global Propylene Glycol Market Share, by End-User Industry, 2025 (%) |
FIGURE 7 Global Propylene Glycol Market Share, by Region, 2025 (%) |
FIGURE 8 North America Propylene Glycol Market Share, by Country, 2025 (%) |
FIGURE 9 Europe Propylene Glycol Market Share, by Country, 2025 (%) |
FIGURE 10 Asia-Pacific Propylene Glycol Market Share, by Country, 2025 (%) |
FIGURE 11 South America Propylene Glycol Market Share, by Country, 2025 (%) |
FIGURE 12 Middle East & Africa Propylene Glycol Market Share, by Country, 2025 (%) |
FIGURE 13 Competitive Landscape – Market Share Analysis, 2025 |
FIGURE 14 Competitive Positioning Matrix – Key Players, 2025

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Segmentation Quick Reference

Dimension	Sub-Segments	Dominant Segment	Fastest Growing Segment
By Application	Unsaturated Polyester Resins, Antifreeze and Deicer Agent, Flavoring Agent, Chemical Intermediates, Other Applications	Unsaturated Polyester Resins (34.16% share, 2025)	Antifreeze and Deicer Agent (8.12% CAGR)
By End-User Industry	Food and Beverages, Transportation, Building and Construction, Pharmaceuticals, Other End Users	Food and Beverages (30.14% share, 2025)	Pharmaceuticals (8.72% CAGR)
By Geography	Asia-Pacific, North America, Europe, South America, the Middle East & Africa	Asia-Pacific (49.0% share, 2025)	Middle East & Africa (9.32% CAGR)

Market Segmentation Overview

By Application

Sub-Segment	Key Trend
Unsaturated Polyester Resins	Wind-energy blade manufacturing and infrastructure composites drive dominant volume share.
Antifreeze and Deicer Agent	EV battery thermal management and cold-climate deicing expand addressable use cases.
Flavoring Agent	Clean-label food reformulation sustains demand for GRAS-approved humectants.
Chemical Intermediates	Downstream polyurethane and plasticizer synthesis maintains stable consumption.
Other Applications	Specialty coatings, textile processing, and tobacco humectants provide niche demand.

Unsaturated polyester resins remain the largest application, consuming over one-third of global propylene glycol output. Antifreeze and deicer agents are gaining share as the electrification of transportation introduces new thermal-management requirements across automotive and aerospace sectors.

By End-User Industry

Sub-Segment	Key Trend
Food and Beverages	GRAS status and versatility as a humectant sustain the largest end-user share
Transportation	Automotive coolants and aviation deicing fluids drive steady volume growth.
Building and Construction	UPR-based composites and resin coatings support infrastructure-linked demand.
Pharmaceuticals	Expanding injectable-drug approvals lift demand for USP-grade excipients.
Other End Users	Textiles, tobacco, and electronics cooling represent diversified niche segments.

Food and beverages lead end-user consumption thanks to propylene glycol's established regulatory profile and functional versatility. The pharmaceutical segment is posting the fastest growth, driven by global capacity expansion in API manufacturing and tightening excipient-quality standards.

By Geography

Sub-Segment	Key Trend
Asia-Pacific	Chinese capacity dominance, Indian pharma growth, and construction composites
North America	Shale-derived feedstock cost advantage and automotive coolant demand
Europe	Bio-based production leadership, wind-energy UPR demand, and regulatory reform
South America	Food-processing demand in Brazil and emerging construction activity
Middle East & Africa	Petrochemical diversification and infrastructure spending drive fastest growth

Asia-Pacific commands nearly half of global propylene glycol volume, anchored by China's integrated petrochemical complexes and India's pharmaceutical manufacturing expansion. The Middle East & Africa region offers the highest growth rate as Saudi Arabia and the UAE invest in downstream petrochemical diversification.

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