Propylene Glycol Market Report 2026

Propylene Glycol Market Overview

• Propylene Glycol market size has reached to $4.94 billion in 2025 • Expected to grow to $6.9 billion in 2030 at a compound annual growth rate (CAGR) of 6.8% • Growth Driver: Propylene Glycol Market Surges As Cosmetic And Personal Care Industries Drive Demand • Market Trend: Hydrogen Peroxide Sector Forge Partnerships For Propylene Glycol Synthesis • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Propylene Glycol Market?

Propylene glycol is a water-absorbing synthetic liquid. Propylene glycol is typically used in the production of polyester compounds and as a base in deicing solutions. It works as an antifreeze in various sectors to avoid leakage that may result in propylene glycol getting in contact with food. The main sources of propylene glycol are petroleum-based and bio-based. Bio-based polypropylene is a polymer created from natural resources such as corn, sugar cane, vegetable oil, and other biomass. The various grades include industrial grade and pharmaceutical grade that are applied in animal feed, inks, lacquers, tobacco humectants, and varnishes. These are used by various end users, such as building and construction, consumer goods (cosmetics and personal care), electronics, food and beverages, paint and coatings, pharmaceuticals, the textile industry, tobacco, and transportation.

What Is The Propylene Glycol Market Growth Forecast?

The propylene glycol market size is expected to see strong growth in the next few years. It will grow to $6.9 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing shift toward bio-based chemicals, rising pharmaceutical manufacturing volumes, expansion of cold-chain logistics, growing demand for eco-friendly deicing solutions, increasing applications in electronics cooling fluids. Major trends in the forecast period include rising adoption of bio-based propylene glycol, increasing use in food-safe antifreeze applications, growing demand from pharmaceutical and cosmetic formulations, expansion of deicing applications in transportation, enhanced focus on low-toxicity chemical solutions.

Global Propylene Glycol Market Segmentation

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, Food And Beverages, Paint And Coatings, Pharmaceuticals, Textile Industries, Tobacco, Transportation Subsegments: 1) By Petroleum-Based: Conventional Propylene Glycol, High Purity Propylene Glycol 2) By Bio-Based: Glycerol-Based Propylene Glycol, Fermentation-Based Propylene Glycol

What Is The Driver Of The Propylene Glycol Market?

The expansion of the cosmetic and personal care industries is expected to propel the growth of the propylene glycol market going forward. The cosmetic and personal care industry refers to businesses that manufacture skincare, hair care, makeup, fragrances, toiletries, and personal hygiene products with the intention of improving appearance and preserving human health. Propylene glycol is used as a humectant and solvent in various cosmetic and personal care products, including skin care, hair care, and body care products due to its ability to retain moisture, improve texture, and enhance the stability of formulations. For instance, in August 2023, according to Circana, Inc., a US-based media company, sales of prestige beauty products in the US reached $14 billion in the first half of 2023, a 15% rise over the same period in 2022. On the other hand, the mass beauty market generated $28 billion and saw 9% growth. Therefore, the expansion of the cosmetic and personal care industries is driving the growth of the propylene glycol industry.

What Is The Driver Of The Propylene Glycol Market?

The expansion of the cosmetic and personal care industries is expected to propel the growth of the propylene glycol market going forward. The cosmetic and personal care industry refers to businesses that manufacture skincare, hair care, makeup, fragrances, toiletries, and personal hygiene products with the intention of improving appearance and preserving human health. Propylene glycol is used as a humectant and solvent in various cosmetic and personal care products, including skin care, hair care, and body care products due to its ability to retain moisture, improve texture, and enhance the stability of formulations. For instance, in August 2023, according to Circana, Inc., a US-based media company, sales of prestige beauty products in the US reached $14 billion in the first half of 2023, a 15% rise over the same period in 2022. On the other hand, the mass beauty market generated $28 billion and saw 9% growth. Therefore, the expansion of the cosmetic and personal care industries is driving the growth of the propylene glycol industry.

Global Propylene Glycol Market Trends and Insights

Major companies operating in the propylene glycol market are focusing on developing innovative solutions, such as hydrogen-peroxide-to-propylene-glycol (HPPG) production technology, to meet the rising demand for more sustainable and cost-efficient PG manufacturing. The HPPG technology, branded as HYPROSYN, enables the direct synthesis of propylene glycol from hydrogen peroxide and propylene in a single reactor, bypassing the traditional intermediate propylene oxide. Unlike conventional processes, which involve multiple steps and higher water and energy consumption, HYPROSYN reduces operational costs, improves yield, and can be integrated into existing PG plants. The technology offers environmental benefits, operational flexibility, and scalability for industrial applications such as food additives, pharmaceuticals, and personal care products. For instance, in October 2023, Dow, a US-based chemical company and the world’s largest producer of propylene glycol, partnered with Evonik Industries, a Germany-based specialty chemicals company and hydrogen peroxide manufacturer, to launch a pilot HPPG plant at Evonik’s Hanau site. The plant demonstrates the direct synthesis route, highlighting lower water usage, reduced energy consumption, and the elimination of propylene oxide, making the process more sustainable and efficient.

What Are Latest Mergers And Acquisitions In The Propylene Glycol Market?

In October 2023, Dow Inc., a US-based provider of specialty chemicals and advanced materials, partnered with Evonik Industries AG to enhance its specialty additives portfolio. With this partnership, Dow aimed to enhance its propylene glycol production capabilities and strengthen technological innovation in sustainable, bio-based chemical processes. Evonik Industries AG is a Germany-based provider of specialty chemicals, focusing on high-purity propylene glycol and catalytic process technologies for industrial, cosmetic, and personal care applications.

Regional Insights

Asia-Pacific was the largest region in the propylene glycol market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Propylene Glycol Market?

The propylene glycol market consists of sales of propylene glycol USP, inhibited propylene glycol, reclaimed propylene glycol, and dowfrost glycol. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Propylene Glycol Market Report 2026?

The propylene glycol market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the propylene glycol industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.