Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Propylene Glycol Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Propylene Glycol Industry in 2024 and 2025?
The Propylene Glycol market has seen a consistent growth trend. The market size rose from $4.71 billion in 2024 to $4.94 billion in 2025, marking a compound annual growth rate (CAGR) of 4.9%.
What Is the Projected Market Size of the Propylene Glycol Market in 2029?
The propylene glycol market is forecasted to grow to a size of $6.49 billion by 2029, at a compound annual growth rate of 7.1%.
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What Are the Key Drivers of Propylene Glycol Market Growth?
The key Drivers in the propylene glycol market are:
• Rising consumption of processed foods
• Use of propylene glycol as a preservative in food preparation
• Utilization of propylene glycol as a flavor enhancer
• Deployment of propylene glycol as a processing aid to improve food appearance
What Are the Primary Segmentation Categories in the Propylene Glycol Market?
The propylene glycolmarket covered in this report is segmented –
1) By Source: Petroleum-Based, Bio-Based
2) By Grade: Industrial Grade, Pharmaceutical Grade
3) By Application: Animal Feed, Inks, Lacquers, Tobacco Humectants, Varnishes
4) By End User: Building And Construction, Consumer Goods, Cosmetics And Personal Care, Electronics, Food And Beverages, Paint And Coatings, Pharmaceuticals, Textile Industries, Tobacco, Transportation
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What Are the Major Trends Shaping the Propylene Glycol Market in 2025 and Beyond?
The key trends in the propylene glycol market are:
• Product innovation is becoming a major trend in the propylene glycol market.
• Large market players are introducing innovative products to consolidate their market presence.
• The emphasis on bio-based propylene is growing due to rising health concerns.
• Companies are making efforts to reduce the CO2 footprint, underlining the trend towards sustainability.
Who Are the Emerging Players in the Propylene Glycol Market?
The key players in the propylene glycol market are:
• Archer-Daniels-Midland Company
• BASF SE
• The DOW Chemical Company
• Bio-Chem Technology Group Co. Ltd.
• LyondellBasell Industries N.V.
• Huntsman Corporation
• SKC CO. Ltd.
• INEOS Group Holdings Limited
• Manali Petrochemicals Limited
• DowDuPont Inc.
• Royal Dutch Shell PLC
• ADEKA Corporation
• Chaoyang Chemicals Inc.
• Temix International SRL
• Helm AG
• Repsol S.A.
• Arch Chemicals Inc.
• HaiKe Chemical Group
• Global Bio-chem Technology Group Co. Ltd.
• DuPont Tate & Lyle Bio Products LLC
• Flint Group Holdings Limited
• Wikoff Color Corporation
• Zeller+Gmelin GmbH & Co. KG
• Marabu GmbH & Co. KG
• Nutec Digital Ink Ltd.
• Chemicoat Co. Ltd.
• Oleon NV
• Penta Manufacturing Company
• Kraft Chemical Company
Which Regions Are Leading the Growth in the Global Propylene Glycol Market?
Asia-Pacific was the largest region in the propylene glycol market in 2024 and is expected to be the fastest-growing region in the forecast period
