Propylene Glycol Market Share, Size, Trends, Industry Analysis Report, By Grade (Pharmaceutical and Industrial); By Source; By End-Use; By Region; Segment Forecast, 2023 - 2032
Description
Propylene Glycol Market Share, Size, Trends, Industry Analysis Report, By Grade (Pharmaceutical and Industrial); By Source; By End-Use; By Region; Segment Forecast, 2023 - 2032
The global Propylene Glycol market size is expected to reach USD 6,276.56 million by 2032, according to a new study by Polaris Market Research. The report “Propylene Glycol Market Share, Size, Trends, Industry Analysis Report, By Grade (Pharmaceutical and Industrial); By Source; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The propylene glycol market is experiencing significant growth globally. Propylene glycol, a versatile chemical compound, finds extensive application in various industries such as automotive, pharmaceuticals, food and beverages, cosmetics, and more. Its properties as a solvent, stabilizer, thickener, and flavor carrier make it indispensable in numerous products.
Factors driving the growth of the propylene glycol market include increasing demand from end-use industries, growing population, rising disposable income, and expanding urbanization. The automotive sector, in particular, plays a vital role in propylene glycol consumption for applications like coolants and brake fluids. Additionally, the pharmaceutical industry's focus on developing new medicines and vaccines further boosts the demand for propylene glycol as a solvent and extractant.
However, environmental concerns regarding using petroleum-based propylene glycol have increased the demand for bio-based propylene glycol derived from renewable sources. Manufacturers are investing in research and development to produce bio-based alternatives with lower carbon footprints, promoting sustainability in the market.
The propylene glycol market is projected to continue its upward trajectory, driven by increasing applications across various industries and the ongoing shift towards bio-based alternatives.
Propylene Glycol Market Report Highlights
The petroleum-based propylene glycol segment dominated the global market in 2022, driven by construction and infrastructure development investments.
The automotive segment played a vital role in the propylene glycol market, driven by vehicle penetration, rising incomes, and modernization. Government investments in electric vehicles further supported market growth.
Asia Pacific led the global propylene glycol market in 2022, driven by its use in diverse industries, urbanization, industrial growth, automotive penetration, construction, R&D, and technological advancements.
The global key market players include BASF SE, Global Bio-Chem Technology Group Co., LTD., DowDuPont, Temix Oleo S.R.L., Asahi Glass Co., LTD., Sinopec, INEOS Oxide Ltd., Arrow Chemical Group, Chaoyang Chemicals, Inc., SKC Co., LTD., Tongling Jintai Chemical Industrial Co., LTD., Royal Dutch Shell PLC., Helm AG, LyondellBasell Industries N.V., Adeka Corporation, Huntsman Corporation, and Archer Daniels Midland Company.
Polaris Market Research has segmented the Propylene Glycol market report based on grade, source, end-use, and region:
Propylene Glycol, Grade Outlook (Revenue - USD Million, 2019 - 2032)
Pharmaceutical
Industrial
Propylene Glycol, Source Outlook (Revenue - USD Million, 2019 - 2032)
Bio-Based
Petroleum-Based
Propylene Glycol, End-Use Outlook (Revenue - USD Million, 2019 - 2032)
Food & Beverage
Automotive
Personal Care & Cosmetics
Chemical
Pharmaceutical
Construction
Others
Propylene Glycol, Regional Outlook (Revenue - USD Million, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
116 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Propylene Glycol Market Insights
- 4.1. Propylene Glycol Market – End-Use Snapshot
- 4.2. Propylene Glycol Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Advancements in Personal Care Products
- 4.2.1.2. Increasing Demand in Various Industries
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Shift Towards Natural Alternatives
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Propylene Glycol Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Propylene Glycol Market, by Grade
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 5.3. Pharmaceutical
- 5.3.1. Global Propylene Glycol Market, by Pharmaceutical, by Region, 2019-2032 (USD Million)
- 5.4. Industrial
- 5.4.1. Global Propylene Glycol Market, by Industrial, by Region, 2019-2032 (USD Million)
- 6. Global Propylene Glycol Market, by Source
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 6.3. Bio-Based
- 6.3.1. Global Propylene Glycol Market, by Bio-Based, by Region, 2019-2032 (USD Million)
- 6.4. Petroleum-Based
- 6.4.1. Global Propylene Glycol Market, by Petroleum-Based, by Region, 2019-2032 (USD Million)
- 7. Global Propylene Glycol Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 7.3. Food & Beverage
- 7.3.1. Global Propylene Glycol Market, by Food & Beverage, By Region, 2019-2032 (USD Million)
- 7.3.2. Automotive
- 7.3.2.1. Global Propylene Glycol Market, by Automotive, By Region, 2019-2032 (USD Million)
- 7.3.3. Personal Care & Cosmetics
- 7.3.3.1. Global Propylene Glycol Market, by Personal Care & Cosmetics, By Region, 2019-2032 (USD Million)
- 7.3.4. Chemical
- 7.3.4.1. Global Propylene Glycol Market, by Chemical, By Region, 2019-2032 (USD Million)
- 7.4. Pharmaceutical
- 7.4.1. Global Propylene Glycol Market, by Pharmaceutical, By Region, 2019-2032 (USD Million)
- 7.5. Construction
- 7.5.1. Global Propylene Glycol Market, by Construction, By Region, 2019-2032 (USD Million)
- 7.6. Others
- 7.6.1. Global Propylene Glycol Market, by Others, By Region, 2019-2032 (USD Million)
- 8. Global Propylene Glycol Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Propylene Glycol Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Propylene Glycol Market – North America
- 8.3.1. North America: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.3.2. North America: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.3.3. North America: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.3.4. Propylene Glycol Market – U.S.
- 8.3.4.1. U.S.: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.3.5. Propylene Glycol Market – Canada
- 8.3.5.1. Canada: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4. Propylene Glycol Market – Europe
- 8.4.1. Europe: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.2. Europe.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.3. Europe: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.4. Propylene Glycol Market – UK
- 8.4.4.1. UK: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.4.3. UK: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.5. Propylene Glycol Market – France
- 8.4.5.1. France: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.5.2. France.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.5.3. France: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.6. Propylene Glycol Market – Germany
- 8.4.6.1. Germany: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.7. Propylene Glycol Market – Italy
- 8.4.7.1. Italy: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.8. Propylene Glycol Market – Spain
- 8.4.8.1. Spain: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.9. Propylene Glycol Market – Netherlands
- 8.4.9.1. Netherlands: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.4.10. Propylene Glycol Market – Russia
- 8.4.10.1. Russia: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5. Propylene Glycol Market – Asia Pacific
- 8.5.1. Asia Pacific: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5.4. Propylene Glycol Market – China
- 8.5.4.1. China: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.4.2. China.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.4.3. China: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5.5. Propylene Glycol Market – India
- 8.5.5.1. India: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.5.2. India.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.5.3. India: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5.6. Propylene Glycol Market – Malaysia
- 8.5.6.1. Malaysia: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5.7. Propylene Glycol Market – Japan
- 8.5.7.1. Japan: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5.8. Propylene Glycol Market – Indonesia
- 8.5.8.1. Indonesia: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.5.9. Propylene Glycol Market – South Korea
- 8.5.9.1. South Korea: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.6. Propylene Glycol Market – Middle East & Africa
- 8.6.1. Middle East & Africa: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.6.4. Propylene Glycol Market – Saudi Arabia
- 8.6.4.1. Saudi Arabia: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.6.5. Propylene Glycol Market – UAE
- 8.6.5.1. UAE: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.6.6. Propylene Glycol Market – Israel
- 8.6.6.1. Israel: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.6.7. Propylene Glycol Market – South Africa
- 8.6.7.1. South Africa: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.7. Propylene Glycol Market – Latin America
- 8.7.1. Latin America: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.7.3. Latin America: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.7.4. Propylene Glycol Market – Mexico
- 8.7.4.1. Mexico: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.7.5. Propylene Glycol Market – Brazil
- 8.7.5.1. Brazil: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 8.7.6. Propylene Glycol Market – Argentina
- 8.7.6.1. Argentina: Propylene Glycol Market, by Grade, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Propylene Glycol Market, by End-Use, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Propylene Glycol Market, by Source, 2019-2032 (USD Million)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. BASF SE
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Global Bio-Chem Technology Group Co., LTD
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. DowDuPont
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Temix Oleo S.R.L
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Asahi Glass Co., LTD
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Sinopec
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. INEOS Oxide Ltd
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Arrow Chemical Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Chaoyang Chemicals,Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. SKC Co., LTD
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Tongling Jintai Chemical Industrial Co., LTD
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Royal Dutch Shell PLC
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Helm AG
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. LyondellBasell Industries N.V
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Adeka Corporation
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Huntsman Corporation
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Archer Daniels Midland Company.
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
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