Sale

Propylene Glycol Market

Global Propylene Glycol Market Size, Share, Analysis: By Application: Unsaturated Polyester Resins, Functional Fluids, Food, Drug, and Cosmetics, Liquid Detergent, Paints and Coating, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Propylene Glycol Market Outlook

The global propylene glycol market demand reached a volume of around 3.09 million metric tons in 2023. The demand is projected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.4%.

 

Global Propylene Glycol Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The market demand is expected to reach an estimated volume of 3.5 million metric tons by 2026. The demand is driven by the growing personal and household care industries in almost all the regions like the Asia Pacific, North America, and Europe, among others. The demand growth in these markets is also supporting the growth of the propylene glycol market.

The Asia Pacific region is a significant consumer market, accounting for more than 40% of global consumption. China is the primary consumer market within the region. The Asia Pacific region is also a leading supply market and is the net exporter of the product. However, if the intra trade to regions like Thailand, Korea, China, and Singapore is excluded, then the Asia Pacific becomes a net importer of propylene glycol. The region is likely to increase its imports from the United States and the Middle East in the coming years due to planned capacity reduction in the forecast period. North America is a major exporter to the Asia Pacific due to the rising demand for unsaturated polyester resins in the region. The United States is the leading exporter in North America, with most of its exports of propylene glycol being bound towards the Republic of Korea, China, and Brazil.

Europe is a significant market for the product, with Germany being the major exporting country within the region. The demand is rising within the region due to the growing demand for functional fluids.  The region is also witnessing an increasing import demand for industrial grade propylene glycol (PGI). The demand for PGI increases sharply during winters, owing to the demand from de-icing and anti-freeze segments. Europe also exports to China and the Republic of Korea, where the demand is growing rapidly.

 

Properties and Applications

Propylene glycol, having the IUPAC name: propane-1,2-diol, refers to an organic compound having the chemical formula CH3CH(OH)CH2OH. It is a viscous, transparent liquid that is almost odourless but has a slightly sweet flavour to it. It contains two classes of alcohol, which are referred to as diols. It can be mixed with a wide range of solvents, including water, acetone, as well as chloroform. Glycols are generally non-irritating, have a very low volatility, and have a very low toxicity.

 

Global Propylene Glycol Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Propylene glycol finds wide applications in the following segments:

  • Unsaturated Polyester Resins
  • Functional Fluids
  • Food, Drug, and Cosmetics
  • Liquid Detergent
  • Paints and Coating
  • Others

The EMR report also covers the regional propylene glycol markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.

 

Global Propylene Glycol Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The propylene glycol market is being driven by the growing demand for unsaturated polyester resins, which are used as reinforced plastic or fibreglass composite in transportation, construction, automobiles, and marine industries. All these markets are rapidly growing and, thus, aiding the propylene glycol market growth.

The major demand driving sectors in Europe during summers are the transportation and construction industry. The demand for the product is being driven by its usage in the food and cosmetics industry during winters. It is also extensively being used as a de-icing and anti-freezing agent in various industries. The Asia Pacific region is expected to witness an increase in demand growth. This is due to the thriving automobiles, construction, and pharmaceutical industries in the region. These industries are significantly aided by the rising disposable income of the consumers in the region.

Propylene glycol is used in household care products. The demand from liquid detergent, coatings, and paints sectors is propelling the market growth for the product further. The demand for the product is also affected by the season. During winters, the market witnesses significant demand growth for its use as an anti-freezing agent. This demand majorly comes from the airline industry.

The demand for glycerine-based or bio-based propylene glycol is rising rapidly among the pharmaceutical and consumer packaged goods companies, as it is less-toxic as well as has fewer side-effects. Thus, its demand is likely to grow much faster than regular propylene glycol.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global propylene glycol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Dow Inc.
  • BASF SE
  • Shell Chemicals
  • Repsol S.A.
  • Archer Daniels Midland Company
  • LyondellBasell Industries Holdings B.V.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Unsaturated Polyester Resins
  • Functional Fluids
  • Food, Drug, and Cosmetics
  • Liquid Detergent
  • Paints and Coating
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dow Inc.
  • BASF SE
  • Shell Chemicals
  • Repsol S.A.
  • Archer Daniels Midland Company
  • LyondellBasell Industries Holdings B.V.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Propylene Glycol Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Propylene Glycol Historical Market (2018-2023) 
    8.3    Global Propylene Glycol Market Forecast (2024-2032)
    8.4    Global Propylene Glycol Market by Application
        8.4.1    Unsaturated Polyester Resins
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Functional Fluids
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Food, Drug, and Cosmetics
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Liquid Detergent
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Paints and Coating
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Propylene Glycol Market by Region       
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
9    North America Propylene Glycol Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Propylene Glycol Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Propylene Glycol Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Propylene Glycol Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Propylene Glycol Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code – 290532) 

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Dow Inc.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    BASF SE
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Shell Chemicals
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Repsol S.A.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Archer Daniels Midland Company
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    LyondellBasell Industries Holdings B.V.
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Others
19    Key Trends and Developments in the Market


Additional Customisations Available

1    Procurement Strategy
    1.1    Contract Terms
    1.2    Buying and Sourcing Trends
    1.3    Storage and Warehousing
    1.4    Certifications and Regulations    
    1.3    Risk Factors
2    Manufacturing Process
    2.1    Overview
    2.2    Detailed Process Flow
    2.3    Operation Involved
3    Project Requirement and Cost Analysis
    3.1    Land, Location and Site Development
    3.2    Construction
    3.3    Plant Machinery
    3.4    Cost of Raw Material
    3.5    Packaging
    3.6    Transportation
    3.7    Utilities
    3.8    Manpower
    3.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Propylene Glycol Market: Key Industry Highlights, 2018 and 2032
2.    Global Propylene Glycol Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3.    Global Propylene Glycol Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4.    Global Propylene Glycol Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
5.    Global Propylene Glycol Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
6.    North America Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
7.    North America Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
8.    Europe Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9.    Europe Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10.    Asia Pacific Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11.    Asia Pacific Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12.    Latin America Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13.    Latin America Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14.    Middle East and Africa Propylene Glycol Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15.    Middle East and Africa Propylene Glycol Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Propylene Glycol Market Structure

Key Questions Answered in the Report

In 2023, the global propylene glycol market attained a volume of around 3.09 million metric tons.

The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.

The major drivers of the market includes propylene glycol applications in various industries like transportation and construction and food and cosmetics, rising disposable income, growing demand for functional fluids, and increasing import demand for industrial grade propylene glycol.

The growing personal and household care industries and the increasing demand for unsaturated polyester resins are the key trends propelling the market growth.

The major regions in the global propylene glycol market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.

Unsaturated polyester resins, functional fluids, food, drug, and cosmetics, liquid detergent, and paints and coating, among others, are the leading applications of propylene glycol in the market.

The major players in the market are Dow Inc., BASF SE, Shell Chemicals, Repsol S.A., Archer Daniels Midland Company, and LyondellBasell Industries Holdings B.V., among others.

Analyst Review

The global propylene glycol market attained a volume of around 3.09 million metric tons in 2023, driven by the high demand for unsaturated polyester resins, which are employed in transportation, building, vehicles, and the maritime industries. Aided by the growing demand for functional fluids and growing personal and household care industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the global propylene glycol industry can be segmented into unsaturated polyester resins, functional fluids, food, drug, and cosmetics, liquid detergent, and paints and coating, among others. The major regional markets for the global propylene glycol industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Asia Pacific accounting for the largest share of the market. The key players in the above market include  Dow Inc., BASF SE, Shell Chemicals, Repsol S.A., Archer Daniels Midland Company, and LyondellBasell Industries Holdings B.V., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER