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Propylene Glycol (PG)-Global Market Insights and Sales Trends 2025

Propylene Glycol (PG)-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1827008

No of Pages : 120

Synopsis
Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.
Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is “generally recognized as safe” for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.

The global Propylene Glycol (PG) market size is expected to reach US$ 4258.3 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Propylene Glycol (PG) in various end use industries. The expanding demands from the UPR, PPG, Pharmaceuticals and Food and Others, are propelling Propylene Glycol (PG) market. Industrial Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Food Grade segment is estimated at % CAGR for the next seven-year period.

The major players in global Propylene Glycol (PG) market include Dow, Lyondell Basell Industries, etc. The top 2 players occupy about 40% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Industrial Grade is the main type, with a share about 40%. UPR is the main application, which holds a share about 40%.

Report Objectives

This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Propylene Glycol (PG), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Propylene Glycol (PG) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Propylene Glycol (PG) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Propylene Glycol (PG) sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Propylene Glycol (PG) covered in this report include Dow, DuPont, Huntsman, ADM, Polioles, Lyondell Basell Industries, Repsol, BASF and Oelon, etc.

The global Propylene Glycol (PG) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

Dow

DuPont

Huntsman

ADM

Polioles

Lyondell Basell Industries

Repsol

BASF

Oelon

Sumitomo Chemical

Asahi

ADEKA

SKC

Shell

Shandong Shida Shenghua Chemical

Tongling Jintai Chemical

CNOOC and Shell Petrochemicals

Hi-tech Spring Chemical

Daze Group

Shandong Depu Chemical

Global Propylene Glycol (PG) market, by region:

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Propylene Glycol (PG) market, Segment by Type:

Industrial Grade

Food Grade

Pharmaceutical Grade

Global Propylene Glycol (PG) market, by Application

UPR

PPG

Pharmaceuticals and Food

Others

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Two: Detailed analysis of Propylene Glycol (PG) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Propylene Glycol (PG) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.
Index
1 Propylene Glycol (PG) Market Overview

1.1 Propylene Glycol (PG) Product Overview

1.2 Propylene Glycol (PG) Market Segment by Type

1.2.1 Industrial Grade

1.2.2 Food Grade

1.2.3 Pharmaceutical Grade

1.3 Global Propylene Glycol (PG) Market Size by Type

1.3.1 Global Propylene Glycol (PG) Market Size Overview by Type (2018-2029)

1.3.2 Global Propylene Glycol (PG) Historic Market Size Review by Type (2018-2023)

1.3.3 Global Propylene Glycol (PG) Forecasted Market Size by Type (2024-2029)

1.4 Key Regions Market Size Segment by Type

1.4.1 North America Propylene Glycol (PG) Sales Breakdown by Type (2018-2023)

1.4.2 Europe Propylene Glycol (PG) Sales Breakdown by Type (2018-2023)

1.4.3 Asia-Pacific Propylene Glycol (PG) Sales Breakdown by Type (2018-2023)

1.4.4 Latin America Propylene Glycol (PG) Sales Breakdown by Type (2018-2023)

1.4.5 Middle East and Africa Propylene Glycol (PG) Sales Breakdown by Type (2018-2023)

2 Global Propylene Glycol (PG) Market Competition by Company

2.1 Global Top Players by Propylene Glycol (PG) Sales (2018-2023)

2.2 Global Top Players by Propylene Glycol (PG) Revenue (2018-2023)

2.3 Global Top Players by Propylene Glycol (PG) Price (2018-2023)

2.4 Global Top Manufacturers Propylene Glycol (PG) Manufacturing Base Distribution, Sales Area, Product Type

2.5 Propylene Glycol (PG) Market Competitive Situation and Trends

2.5.1 Propylene Glycol (PG) Market Concentration Rate (2018-2023)

2.5.2 Global 5 and 10 Largest Manufacturers by Propylene Glycol (PG) Sales and Revenue in 2022

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Propylene Glycol (PG) as of 2022)

2.7 Date of Key Manufacturers Enter into Propylene Glycol (PG) Market

2.8 Key Manufacturers Propylene Glycol (PG) Product Offered

2.9 Mergers & Acquisitions, Expansion

3 Propylene Glycol (PG) Status and Outlook by Region

3.1 Global Propylene Glycol (PG) Market Size and CAGR by Region: 2018 VS 2022 VS 2029

3.2 Global Propylene Glycol (PG) Historic Market Size by Region

3.2.1 Global Propylene Glycol (PG) Sales in Volume by Region (2018-2023)

3.2.2 Global Propylene Glycol (PG) Sales in Value by Region (2018-2023)

3.2.3 Global Propylene Glycol (PG) Sales (Volume & Value) Price and Gross Margin (2018-2023)

3.3 Global Propylene Glycol (PG) Forecasted Market Size by Region

3.3.1 Global Propylene Glycol (PG) Sales in Volume by Region (2024-2029)

3.3.2 Global Propylene Glycol (PG) Sales in Value by Region (2024-2029)

3.3.3 Global Propylene Glycol (PG) Sales (Volume & Value), Price and Gross Margin (2024-2029)

4 Global Propylene Glycol (PG) by Application

4.1 Propylene Glycol (PG) Market Segment by Application

4.1.1 UPR

4.1.2 PPG

4.1.3 Pharmaceuticals and Food

4.1.4 Others

4.2 Global Propylene Glycol (PG) Market Size by Application

4.2.1 Global Propylene Glycol (PG) Market Size Overview by Application (2018-2029)

4.2.2 Global Propylene Glycol (PG) Historic Market Size Review by Application (2018-2023)

4.2.3 Global Propylene Glycol (PG) Forecasted Market Size by Application (2024-2029)

4.3 Key Regions Market Size Segment by Application

4.3.1 North America Propylene Glycol (PG) Sales Breakdown by Application (2018-2023)

4.3.2 Europe Propylene Glycol (PG) Sales Breakdown by Application (2018-2023)

4.3.3 Asia-Pacific Propylene Glycol (PG) Sales Breakdown by Application (2018-2023)

4.3.4 Latin America Propylene Glycol (PG) Sales Breakdown by Application (2018-2023)

4.3.5 Middle East and Africa Propylene Glycol (PG) Sales Breakdown by Application (2018-2023)

5 North America Propylene Glycol (PG) by Country

5.1 North America Propylene Glycol (PG) Historic Market Size by Country

5.1.1 North America Propylene Glycol (PG) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

5.1.2 North America Propylene Glycol (PG) Sales in Volume by Country (2018-2023)

5.1.3 North America Propylene Glycol (PG) Sales in Value by Country (2018-2023)

5.2 North America Propylene Glycol (PG) Forecasted Market Size by Country

5.2.1 North America Propylene Glycol (PG) Sales in Volume by Country (2024-2029)

5.2.2 North America Propylene Glycol (PG) Sales in Value by Country (2024-2029)

6 Europe Propylene Glycol (PG) by Country

6.1 Europe Propylene Glycol (PG) Historic Market Size by Country

6.1.1 Europe Propylene Glycol (PG) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

6.1.2 Europe Propylene Glycol (PG) Sales in Volume by Country (2018-2023)

6.1.3 Europe Propylene Glycol (PG) Sales in Value by Country (2018-2023)

6.2 Europe Propylene Glycol (PG) Forecasted Market Size by Country

6.2.1 Europe Propylene Glycol (PG) Sales in Volume by Country (2024-2029)

6.2.2 Europe Propylene Glycol (PG) Sales in Value by Country (2024-2029)

7 Asia-Pacific Propylene Glycol (PG) by Region

7.1 Asia-Pacific Propylene Glycol (PG) Historic Market Size by Region

7.1.1 Asia-Pacific Propylene Glycol (PG) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029

7.1.2 Asia-Pacific Propylene Glycol (PG) Sales in Volume by Region (2018-2023)

7.1.3 Asia-Pacific Propylene Glycol (PG) Sales in Value by Region (2018-2023)

7.2 Asia-Pacific Propylene Glycol (PG) Forecasted Market Size by Region

7.2.1 Asia-Pacific Propylene Glycol (PG) Sales in Volume by Region (2024-2029)

7.2.2 Asia-Pacific Propylene Glycol (PG) Sales in Value by Region (2024-2029)

8 Latin America Propylene Glycol (PG) by Country

8.1 Latin America Propylene Glycol (PG) Historic Market Size by Country

8.1.1 Latin America Propylene Glycol (PG) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

8.1.2 Latin America Propylene Glycol (PG) Sales in Volume by Country (2018-2023)

8.1.3 Latin America Propylene Glycol (PG) Sales in Value by Country (2018-2023)

8.2 Latin America Propylene Glycol (PG) Forecasted Market Size by Country

8.2.1 Latin America Propylene Glycol (PG) Sales in Volume by Country (2024-2029)

8.2.2 Latin America Propylene Glycol (PG) Sales in Value by Country (2024-2029)

9 Middle East and Africa Propylene Glycol (PG) by Country

9.1 Middle East and Africa Propylene Glycol (PG) Historic Market Size by Country

9.1.1 Middle East and Africa Propylene Glycol (PG) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

9.1.2 Middle East and Africa Propylene Glycol (PG) Sales in Volume by Country (2018-2023)

9.1.3 Middle East and Africa Propylene Glycol (PG) Sales in Value by Country (2018-2023)

9.2 Middle East and Africa Propylene Glycol (PG) Forecasted Market Size by Country

9.2.1 Middle East and Africa Propylene Glycol (PG) Sales in Volume by Country (2024-2029)

9.2.2 Middle East and Africa Propylene Glycol (PG) Sales in Value by Country (2024-2029)

10 Company Profiles

10.1 Dow

10.1.1 Dow Company Information

10.1.2 Dow Introduction and Business Overview

10.1.3 Dow Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.1.4 Dow Propylene Glycol (PG) Products Offered

10.1.5 Dow Recent Development

10.2 DuPont

10.2.1 DuPont Company Information

10.2.2 DuPont Introduction and Business Overview

10.2.3 DuPont Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.2.4 DuPont Propylene Glycol (PG) Products Offered

10.2.5 DuPont Recent Development

10.3 Huntsman

10.3.1 Huntsman Company Information

10.3.2 Huntsman Introduction and Business Overview

10.3.3 Huntsman Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.3.4 Huntsman Propylene Glycol (PG) Products Offered

10.3.5 Huntsman Recent Development

10.4 ADM

10.4.1 ADM Company Information

10.4.2 ADM Introduction and Business Overview

10.4.3 ADM Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.4.4 ADM Propylene Glycol (PG) Products Offered

10.4.5 ADM Recent Development

10.5 Polioles

10.5.1 Polioles Company Information

10.5.2 Polioles Introduction and Business Overview

10.5.3 Polioles Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.5.4 Polioles Propylene Glycol (PG) Products Offered

10.5.5 Polioles Recent Development

10.6 Lyondell Basell Industries

10.6.1 Lyondell Basell Industries Company Information

10.6.2 Lyondell Basell Industries Introduction and Business Overview

10.6.3 Lyondell Basell Industries Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.6.4 Lyondell Basell Industries Propylene Glycol (PG) Products Offered

10.6.5 Lyondell Basell Industries Recent Development

10.7 Repsol

10.7.1 Repsol Company Information

10.7.2 Repsol Introduction and Business Overview

10.7.3 Repsol Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.7.4 Repsol Propylene Glycol (PG) Products Offered

10.7.5 Repsol Recent Development

10.8 BASF

10.8.1 BASF Company Information

10.8.2 BASF Introduction and Business Overview

10.8.3 BASF Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.8.4 BASF Propylene Glycol (PG) Products Offered

10.8.5 BASF Recent Development

10.9 Oelon

10.9.1 Oelon Company Information

10.9.2 Oelon Introduction and Business Overview

10.9.3 Oelon Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.9.4 Oelon Propylene Glycol (PG) Products Offered

10.9.5 Oelon Recent Development

10.10 Sumitomo Chemical

10.10.1 Sumitomo Chemical Company Information

10.10.2 Sumitomo Chemical Introduction and Business Overview

10.10.3 Sumitomo Chemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.10.4 Sumitomo Chemical Propylene Glycol (PG) Products Offered

10.10.5 Sumitomo Chemical Recent Development

10.11 Asahi

10.11.1 Asahi Company Information

10.11.2 Asahi Introduction and Business Overview

10.11.3 Asahi Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.11.4 Asahi Propylene Glycol (PG) Products Offered

10.11.5 Asahi Recent Development

10.12 ADEKA

10.12.1 ADEKA Company Information

10.12.2 ADEKA Introduction and Business Overview

10.12.3 ADEKA Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.12.4 ADEKA Propylene Glycol (PG) Products Offered

10.12.5 ADEKA Recent Development

10.13 SKC

10.13.1 SKC Company Information

10.13.2 SKC Introduction and Business Overview

10.13.3 SKC Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.13.4 SKC Propylene Glycol (PG) Products Offered

10.13.5 SKC Recent Development

10.14 Shell

10.14.1 Shell Company Information

10.14.2 Shell Introduction and Business Overview

10.14.3 Shell Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.14.4 Shell Propylene Glycol (PG) Products Offered

10.14.5 Shell Recent Development

10.15 Shandong Shida Shenghua Chemical

10.15.1 Shandong Shida Shenghua Chemical Company Information

10.15.2 Shandong Shida Shenghua Chemical Introduction and Business Overview

10.15.3 Shandong Shida Shenghua Chemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.15.4 Shandong Shida Shenghua Chemical Propylene Glycol (PG) Products Offered

10.15.5 Shandong Shida Shenghua Chemical Recent Development

10.16 Tongling Jintai Chemical

10.16.1 Tongling Jintai Chemical Company Information

10.16.2 Tongling Jintai Chemical Introduction and Business Overview

10.16.3 Tongling Jintai Chemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.16.4 Tongling Jintai Chemical Propylene Glycol (PG) Products Offered

10.16.5 Tongling Jintai Chemical Recent Development

10.17 CNOOC and Shell Petrochemicals

10.17.1 CNOOC and Shell Petrochemicals Company Information

10.17.2 CNOOC and Shell Petrochemicals Introduction and Business Overview

10.17.3 CNOOC and Shell Petrochemicals Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.17.4 CNOOC and Shell Petrochemicals Propylene Glycol (PG) Products Offered

10.17.5 CNOOC and Shell Petrochemicals Recent Development

10.18 Hi-tech Spring Chemical

10.18.1 Hi-tech Spring Chemical Company Information

10.18.2 Hi-tech Spring Chemical Introduction and Business Overview

10.18.3 Hi-tech Spring Chemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.18.4 Hi-tech Spring Chemical Propylene Glycol (PG) Products Offered

10.18.5 Hi-tech Spring Chemical Recent Development

10.19 Daze Group

10.19.1 Daze Group Company Information

10.19.2 Daze Group Introduction and Business Overview

10.19.3 Daze Group Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.19.4 Daze Group Propylene Glycol (PG) Products Offered

10.19.5 Daze Group Recent Development

10.20 Shandong Depu Chemical

10.20.1 Shandong Depu Chemical Company Information

10.20.2 Shandong Depu Chemical Introduction and Business Overview

10.20.3 Shandong Depu Chemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2018-2023)

10.20.4 Shandong Depu Chemical Propylene Glycol (PG) Products Offered

10.20.5 Shandong Depu Chemical Recent Development

11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis

11.1 Propylene Glycol (PG) Key Raw Materials

11.1.1 Key Raw Materials

11.1.2 Key Raw Materials Price

11.1.3 Raw Materials Key Suppliers

11.2 Manufacturing Cost Structure

11.2.1 Raw Materials

11.2.2 Labor Cost

11.2.3 Manufacturing Expenses

11.3 Propylene Glycol (PG) Industrial Chain Analysis

11.4 Propylene Glycol (PG) Market Dynamics

11.4.1 Propylene Glycol (PG) Industry Trends

11.4.2 Propylene Glycol (PG) Market Drivers

11.4.3 Propylene Glycol (PG) Market Challenges

11.4.4 Propylene Glycol (PG) Market Restraints

12 Market Strategy Analysis, Distributors

12.1 Sales Channel

12.2 Propylene Glycol (PG) Distributors

12.3 Propylene Glycol (PG) Downstream Customers

13 Research Findings and Conclusion

14 Appendix

14.1 Research Methodology

14.1.1 Methodology/Research Approach

14.1.2 Data Source

14.2 Author Details

14.3 Disclaimer

Published By : QY Research

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