Europe Propylene Glycol Market Size, Share, Trends, & Industry Analysis Report By Grade (Pharmaceutical & Food Grade, Industrial Grade), By Source, By End User, and By Country – Market Forecast, 2025–2034
Description
The europe propylene glycol market size is expected to reach USD 1.92 Billion by 2034, according to a new study by Polaris Market Research. The report “Europe Propylene Glycol Market Size, Share, Trends, Industry Analysis Report: By Grade (Pharmaceutical & Food Grade, Industrial Grade), By Source, By End User, By Country – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Propylene Glycol is a colorless, odorless, and slightly viscous liquid used as a solvent, humectant, and preservative in various industries. It is commonly found in food, pharmaceuticals, cosmetics, and industrial applications like antifreeze and de-icing solutions.
Europe benefits from a strong ecosystem for research, development, and innovation, supported by both government funding and private investments. Chemical and industrial companies are constantly exploring new applications and production methods for propylene glycol, including low-emission processes and high-efficiency formulations. Universities, research institutes, and collaborative projects across countries foster technological advancements. This continuous innovation not only improves product performance and sustainability but also opens new markets within Europe for specialty applications in pharmaceuticals, cosmetics, and food processing driving long-term growth of the propylene glycol market.
Europe's food and beverage sector is one of the most developed in the world, with a strong focus on safety, quality, and innovation. Propylene glycol is widely used as a food additive, preservative, and moisture-retaining agent in packaged foods, beverages, and bakery items. The growing popularity of convenience foods and ready-to-eat meals, particularly in urban areas, is contributing to increased usage. Furthermore, Europe's high regulatory standards such as EFSA approvals ensure consistent demand for food-grade propylene glycol, especially in processed foods, dairy products, and beverages.
Europe Propylene Glycol Market Report Highlights
The pharmaceutical and food grade equipment segment is expected to grow at a CAGR of 3.4% during the forecast period, driven by Europe’s strict health, safety, and quality regulations, which demand high-purity and compliant formulations.
In 2024, the pharmaceutical segment accounted for a notable 12.12% of total market revenue, supported by the region’s highly advanced and tightly regulated pharmaceutical industry, which drives consistent demand for pharmaceutical-grade propylene glycol.
Germany led the global propylene glycol market in 2024, capturing a 23.30% share of global revenue, fueled by its strong industrial base, especially in the automotive and pharmaceutical sectors.
France held an 18.37% revenue share within the European market in 2024, driven by expanding demand from the pharmaceutical, cosmetics, and processed food industries, all of which rely heavily on high-quality propylene glycol for various applications.
The global key market players are Adeka Corporation; Archer-Daniels-Midland Company; Asahi Glass Co., LTD.; BASF SE; Dow Chemicals; Helm AG; Huntsman International LLC; INEOS Oxide Ltd.; LyondellBasell Industries Holdings B.V.; Royal Dutch Shell PLC; Sumitomo Chemicals; Temix Oleo S.R.L.
Polaris market research has segmented the Europe Propylene Glycol Market report based on grade, source, end user and Country:
By Grade (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Pharmaceutical & Food Grade
Industrial Grade
By Source (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Petroleum-Based Propylene Glycol
Bio-Based Propylene Glycol
By End User (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Food and Beverage
Automotive
Personal Care and Cosmetics
Chemical
Pharmaceutical
Construction
Others
By Country Outlook (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Propylene Glycol is a colorless, odorless, and slightly viscous liquid used as a solvent, humectant, and preservative in various industries. It is commonly found in food, pharmaceuticals, cosmetics, and industrial applications like antifreeze and de-icing solutions.
Europe benefits from a strong ecosystem for research, development, and innovation, supported by both government funding and private investments. Chemical and industrial companies are constantly exploring new applications and production methods for propylene glycol, including low-emission processes and high-efficiency formulations. Universities, research institutes, and collaborative projects across countries foster technological advancements. This continuous innovation not only improves product performance and sustainability but also opens new markets within Europe for specialty applications in pharmaceuticals, cosmetics, and food processing driving long-term growth of the propylene glycol market.
Europe's food and beverage sector is one of the most developed in the world, with a strong focus on safety, quality, and innovation. Propylene glycol is widely used as a food additive, preservative, and moisture-retaining agent in packaged foods, beverages, and bakery items. The growing popularity of convenience foods and ready-to-eat meals, particularly in urban areas, is contributing to increased usage. Furthermore, Europe's high regulatory standards such as EFSA approvals ensure consistent demand for food-grade propylene glycol, especially in processed foods, dairy products, and beverages.
Europe Propylene Glycol Market Report Highlights
The pharmaceutical and food grade equipment segment is expected to grow at a CAGR of 3.4% during the forecast period, driven by Europe’s strict health, safety, and quality regulations, which demand high-purity and compliant formulations.
In 2024, the pharmaceutical segment accounted for a notable 12.12% of total market revenue, supported by the region’s highly advanced and tightly regulated pharmaceutical industry, which drives consistent demand for pharmaceutical-grade propylene glycol.
Germany led the global propylene glycol market in 2024, capturing a 23.30% share of global revenue, fueled by its strong industrial base, especially in the automotive and pharmaceutical sectors.
France held an 18.37% revenue share within the European market in 2024, driven by expanding demand from the pharmaceutical, cosmetics, and processed food industries, all of which rely heavily on high-quality propylene glycol for various applications.
The global key market players are Adeka Corporation; Archer-Daniels-Midland Company; Asahi Glass Co., LTD.; BASF SE; Dow Chemicals; Helm AG; Huntsman International LLC; INEOS Oxide Ltd.; LyondellBasell Industries Holdings B.V.; Royal Dutch Shell PLC; Sumitomo Chemicals; Temix Oleo S.R.L.
Polaris market research has segmented the Europe Propylene Glycol Market report based on grade, source, end user and Country:
By Grade (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Pharmaceutical & Food Grade
Industrial Grade
By Source (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Petroleum-Based Propylene Glycol
Bio-Based Propylene Glycol
By End User (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Food and Beverage
Automotive
Personal Care and Cosmetics
Chemical
Pharmaceutical
Construction
Others
By Country Outlook (Revenue - USD Billion; Volume - Kilotons, 2020–2034)
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Table of Contents
126 Pages
- Chapter 1.Introduction
- 1.1Report Description
- 1.1.1Objectives of the Study
- 1.1.2Market Scope
- 1.1.3Assumptions
- 1.2Stakeholders
- Chapter 2.Executive Summary
- Chapter 3.Research Methodology
- 3.1Overview
- 3.1.1Data Mining
- 3.2Data Sources
- 3.2.1Primary Sources
- 3.2.2Secondary Sources
- Chapter 4.Europe Propylene Glycol Market Insights
- 4.1Propylene Glycol – Industry snapshot
- 4.1Europe Propylene Glycol Market Dynamics
- 4.1.1Drivers and Opportunities
- 4.1.1.1Rising demand from automobile sector for antifreeze solutions
- 4.1.1.2Rising demand from end-use industries
- 4.1.2Restraints and Challenges
- 4.1.2.1Volatile raw material prices and shortage in supplies
- 4.2Porter’s Five Forces Analysis
- 4.2.1Bargaining Power of Suppliers (Medium)
- 4.2.2Threats of New Entrants: (Low to Medium)
- 4.2.3Bargaining Power of Buyers (High)
- 4.2.4Threat of Substitute (Medium to High)
- 4.2.5Rivalry among existing firms (High)
- 4.3PEST Analysis
- 4.1Europe Propylene Glycol Market – Value Chain Analysis
- 4.2Europe Propylene Glycol Market – Covid Impact Analysis and Industry Trends
- Chapter 5.Europe Propylene Glycol Market Assessment by Grade
- 5.1Introduction
- 5.2Pharmaceutical & Food Grade
- 5.3Industrial Grade
- Chapter 6.Europe Propylene Glycol Market Assessment by Source
- 6.1Introduction
- 6.2Petroleum-Based Propylene Glycol
- 6.3Bio-Based Propylene Glycol
- Chapter 7.Europe Propylene Glycol Market Assessment by End-User
- 7.1Introduction
- 7.2Food and Beverage
- 7.3Automotive
- 7.4Personal Care and Cosmetics
- 7.5Chemical
- 7.6Pharmaceutical
- 7.7Construction
- 7.8Other End-Users
- Chapter 8.Europe Propylene Glycol Market Assessment by Country
- 8.1Introduction
- 8.2Europe Propylene Glycol Market – Europe
- 8.2.1Europe Propylene Glycol Market – Germany
- 8.2.2Europe Propylene Glycol Market – France
- 8.2.3Europe Propylene Glycol Market – UK
- 8.2.4Europe Propylene Glycol Market – Italy
- 8.2.5Europe Propylene Glycol Market – Spain
- Chapter 9.Competitive Landscape
- 9.1Competitive Environment
- 9.2Competitive Trends
- 9.3Estimated Company Market Share Analysis, 2020
- Chapter 10.Company Profiles
- 10.1BASF SE
- 10.1.1Business Overview
- 10.1.2Financial Snapshot
- 10.1.3Products and Services
- 10.1.4Recent Developments
- 10.2Global Bio-Chem Technology Group Co., LTD.
- 10.2.1Business Overview
- 10.2.2Financial Snapshot
- 10.2.3Products and Services
- 10.3Dow Chemicals
- 10.3.1Business Overview
- 10.3.2Financial Snapshot
- 10.3.3Products and Services
- 10.3.4Recent Developments
- 10.4Temix Oleo S.R.L.
- 10.4.1Business Overview
- 10.4.2Products and Services
- 10.5Asahi Glass Co., LTD.
- 10.5.1Business Overview
- 10.5.2Financial Snapshot
- 10.5.3Products and Services
- 10.5.4Recent Developments
- 10.6Sinopec
- 10.6.1Business Overview
- 10.6.2Financial Snapshot
- 10.6.3Products and Services
- 10.6.4Recent Developments
- 10.7INEOS Oxide Ltd.
- 10.7.1Business Overview
- 10.7.2Financial Snapshot
- 10.7.3Products and Services
- 10.7.4Recent Developments
- 10.8Sumitomo Chemicals
- 10.8.1Business Overview
- 10.8.2Financial Snapshot
- 10.8.2Products and Services
- 10.8.4Recent Developments
- 10.9Chaoyang Chemicals, Inc.
- 10.9.1Business Overview
- 10.9.2Products and Services
- 10.10SKC
- 10.10.1Business Overview
- 10.10.2Financial Snapshot
- 10.10.3Products and Services
- 10.11TRInternational
- 10.11.1Business Overview
- 10.11.2Financial Snapshot
- 10.11.3Products and Services
- 10.12Royal Dutch Shell PLC
- 10.12.1Business Overview
- 10.12.2Financial Snapshot
- 10.12.3Products and Services
- 10.13Helm AG
- 10.13.1Business Overview
- 10.13.2Financial Snapshot
- 10.13.3Products and Services
- 10.13.4Recent Developments
- 10.14LyondellBasell Industries Holdings B.V.
- 10.14.1Business Overview
- 10.14.2Financial Snapshot
- 10.14.3Products and Services
- 10.15Adeka Corporation
- 10.15.1Business Overview
- 10.15.2Financial Snapshot
- 10.15.3Products and Services
- 10.16Huntsman International LLC
- 10.16.1Business Overview
- 10.16.2Financial Snapshot
- 10.16.3Products and Services
- 10.17Archer-Daniels-Midland Company
- 10.17.1Business Overview
- 10.17.2Financial Snapshot
- 10.17.3Products and Services
- 10.17.4Recent Developments
Pricing
Currency Rates
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