Global Propylene Glycol Market to Grow at 3.3% During 2024-2032, Bolstered by Rising Consumption of Processed Food

May 05, 2022 | Chemical & Materials

The latest report by IMARC Group, titled “Propylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the global propylene glycol market is expected to grow at a CAGR of 3.3% during 2024-2032. Propylene glycol (C3H8O2) is a viscous, colorless, hygroscopic liquid with low toxicity and a faintly sweet taste. It is the end product of the chemical reaction between propylene oxide and water. The synthetic organic compound can also be obtained from petroleum and bio-based sources. Propylene glycol is miscible with acetone, water, and chloroform and is used as a solvent, emulsifier, and excipient to hold and dissolve active ingredients. Consequently, it finds a wide variety of applications in cosmetics and personal care products, unsaturated polyester resins, liquid detergents, functional fluids, and antifreeze. It is also utilized as a humectant, preservative in food products, solvents, and as a major constituent of e-liquid in electric cigarettes with vegetable glycerin.

Global Propylene Glycol Market Trends: 

The market is primarily driven by theincreasing product applications in diverse industries. For instance, propylene glycol is utilized across food and beverage industry for improved texture, flavor, appearance, and shelf life of various produced foods. Therapid urbanization and fast-paced lifestyle ofindividuals are also increasing the consumption of processed food and ready-to-eat food products, which isfueling the market growth. Besides this, the significant growth of the automotive industry is facilitating the need for petroleum-based propylene glycol,which is used in industrial chemicals such as deicing fluids, automotive coolants, and hydraulic and brake fluids. Nowadays, it is also used as a drug solubilizer in the pharmaceutical industry. Furthermore, with the growing environmental consciousness, key manufacturers are investing in research and development (R&D) activities to introduce effective propylene glycol variants, such as bio-based chemicals for producing propylene glycol, which is expected to create a positive outlook for the market in the upcoming years.

Market Summary: 

  • Based on the source, the market has been segmented into petroleum- and bio-based.
  • On the basis oftheapplication, the market has been classified into unsaturated polyester resins, antifreeze and functional fluids, food, drug, and cosmetics, liquid detergent, paints and coatings, and others.
  • The market has been categorized based on the end use industry into transportation, building and construction, food and beverage, pharmaceuticals, cosmetics and personal care, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Archer-Daniels-Midland Company, BASF SE, DuPont de Nemours Inc., Global Bio-chem Technology Group Company Limited, INEOS Group Limited, LyondellBasell Industries N.V., Shell Plc, SK Picglobal and Dow Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Source, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Archer-Daniels-Midland Company, BASF SE, DuPont de Nemours Inc., Global Bio-chem Technology Group Company Limited, INEOS Group Limited, LyondellBasell Industries N.V., Shell Plc, SK Picglobal and Dow Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Propylene Glycol Market to Grow at 3.3% During 2024-2032, Bolstered by Rising Consumption of Processed Food
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More