Product Code: ETC13348461 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Propylene Glycol Technical Market was valued at USD 4.6 Billion in 2024 and is expected to reach USD 6.6 Billion by 2031, growing at a compound annual growth rate of 5.13% during the forecast period (2025-2031).
The Global Propylene Glycol Technical Market is witnessing steady growth due to its versatile applications in various industries such as automotive, pharmaceuticals, food and beverage, and personal care. The increasing demand for propylene glycol as a chemical feedstock, solvent, and humectant, among other uses, is driving market expansion. Key market players are focusing on product innovation and strategic partnerships to capitalize on emerging opportunities. The Asia-Pacific region is expected to dominate the market due to rapid industrialization and increasing consumer demand. However, stringent regulations regarding the use of propylene glycol in certain applications may pose challenges to market growth. Overall, the Global Propylene Glycol Technical Market is projected to experience sustained growth in the coming years.
The global propylene glycol technical market is experiencing steady growth due to increasing demand from various end-use industries such as pharmaceuticals, food and beverage, and cosmetics. The market is driven by factors such as the rising awareness about the benefits of propylene glycol in various applications, its non-toxic nature, and versatility. One of the key trends in the market is the growing popularity of bio-based propylene glycol, driven by the increasing focus on sustainability and environmental concerns. Additionally, the market is witnessing opportunities in emerging economies where there is a growing demand for propylene glycol in various industrial applications. Manufacturers are focusing on innovation and product development to cater to the evolving needs of customers, which presents further growth opportunities in the global propylene glycol technical market.
In the Global Propylene Glycol Technical Market, some challenges include fluctuations in raw material prices, increasing regulatory scrutiny on environmental and health-related issues, and growing competition from alternative products. The volatility in raw material prices, particularly crude oil, can impact the overall production costs and profitability of propylene glycol manufacturers. Regulatory pressures related to environmental sustainability and safety concerns may require companies to invest in expensive compliance measures, affecting their bottom line. Additionally, the rise of bio-based alternatives and substitutes for propylene glycol poses a threat to the market share of traditional petrochemical-derived products. Navigating these challenges requires companies in the global propylene glycol technical market to innovate, adapt to evolving regulations, and differentiate their offerings to remain competitive in the industry.
The Global Propylene Glycol Technical Market is primarily driven by the growing demand for the compound in various industries such as automotive, food and beverage, pharmaceuticals, and cosmetics. Propylene glycol is widely used as a solvent, antifreeze, and humectant due to its properties of being non-toxic, odorless, and colorless. The increasing applications of propylene glycol in the manufacturing of engine coolants, hydraulic fluids, and personal care products are fueling its market growth. Additionally, the rising awareness about the benefits of propylene glycol, such as its ability to retain moisture and improve product stability, is further contributing to the market expansion. Furthermore, the shift towards the use of bio-based propylene glycol due to environmental concerns is expected to drive the market in the coming years.
Government policies related to the Global Propylene Glycol Technical Market primarily focus on regulations for the production, import, and usage of propylene glycol. These policies often include guidelines for safety, environmental protection, and quality standards to ensure the proper handling and distribution of the chemical. In many countries, propylene glycol is regulated as a food additive, pharmaceutical ingredient, or industrial chemical, leading to a variety of compliance requirements for manufacturers and suppliers. Additionally, some governments may impose restrictions on the use of propylene glycol in certain applications, such as cosmetics or antifreeze, in order to protect public health and the environment. Overall, government policies play a crucial role in shaping the market dynamics and influencing the growth of the global propylene glycol industry.
The Global Propylene Glycol Technical Market is expected to witness steady growth in the coming years due to increasing demand from various end-use industries such as pharmaceuticals, food and beverage, and cosmetics. The market is driven by the rising use of propylene glycol as a versatile chemical in the production of various products such as solvents, antifreeze agents, and humectants. Additionally, the growing awareness regarding the benefits of propylene glycol, such as its non-toxic nature and high efficiency, is expected to further boost market growth. However, challenges such as fluctuating raw material prices and strict regulations regarding the use of propylene glycol in certain applications may hinder market growth to some extent. Overall, the Global Propylene Glycol Technical Market is projected to expand steadily in the foreseeable future.
In the global Propylene Glycol Technical market, Asia is expected to witness significant growth driven by the expanding industrial sector and increasing demand for propylene glycol in various applications such as pharmaceuticals, food & beverage, and cosmetics. North America and Europe are anticipated to hold considerable market shares due to the well-established manufacturing industries and strict regulations promoting the use of environmentally friendly products. The Middle East and Africa region is projected to experience moderate growth owing to the growing awareness about the benefits of using propylene glycol in diverse sectors. Latin America is likely to see steady growth supported by the increasing investments in infrastructure and rising consumption of packaged food and beverages driving the demand for propylene glycol in the region.
Global Propylene Glycol Technical Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Propylene Glycol Technical Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Propylene Glycol Technical Market Revenues & Volume, 2021 & 2031F |
3.3 Global Propylene Glycol Technical Market - Industry Life Cycle |
3.4 Global Propylene Glycol Technical Market - Porter's Five Forces |
3.5 Global Propylene Glycol Technical Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Propylene Glycol Technical Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Global Propylene Glycol Technical Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global Propylene Glycol Technical Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.9 Global Propylene Glycol Technical Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.10 Global Propylene Glycol Technical Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
4 Global Propylene Glycol Technical Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Propylene Glycol Technical Market Trends |
6 Global Propylene Glycol Technical Market, 2021 - 2031 |
6.1 Global Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Propylene Glycol Technical Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.1.3 Global Propylene Glycol Technical Market, Revenues & Volume, By Consumer Goods, 2021 - 2031 |
6.1.4 Global Propylene Glycol Technical Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.2 Global Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Propylene Glycol Technical Market, Revenues & Volume, By Food Grade, 2021 - 2031 |
6.2.3 Global Propylene Glycol Technical Market, Revenues & Volume, By Technical Grade, 2021 - 2031 |
6.2.4 Global Propylene Glycol Technical Market, Revenues & Volume, By Propylene-based, 2021 - 2031 |
6.3 Global Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Propylene Glycol Technical Market, Revenues & Volume, By USP Grade, 2021 - 2031 |
6.3.3 Global Propylene Glycol Technical Market, Revenues & Volume, By Pharmaceutical Grade, 2021 - 2031 |
6.3.4 Global Propylene Glycol Technical Market, Revenues & Volume, By High Purity, 2021 - 2031 |
6.4 Global Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Propylene Glycol Technical Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.4.3 Global Propylene Glycol Technical Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.4.4 Global Propylene Glycol Technical Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.5 Global Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Propylene Glycol Technical Market, Revenues & Volume, By Bulk, 2021 - 2031 |
6.5.3 Global Propylene Glycol Technical Market, Revenues & Volume, By Packaged, 2021 - 2031 |
7 North America Propylene Glycol Technical Market, Overview & Analysis |
7.1 North America Propylene Glycol Technical Market Revenues & Volume, 2021 - 2031 |
7.2 North America Propylene Glycol Technical Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
7.4 North America Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
7.6 North America Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
7.7 North America Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
8 Latin America (LATAM) Propylene Glycol Technical Market, Overview & Analysis |
8.1 Latin America (LATAM) Propylene Glycol Technical Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Propylene Glycol Technical Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
8.4 Latin America (LATAM) Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
8.6 Latin America (LATAM) Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
8.7 Latin America (LATAM) Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
9 Asia Propylene Glycol Technical Market, Overview & Analysis |
9.1 Asia Propylene Glycol Technical Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Propylene Glycol Technical Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
9.4 Asia Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
9.6 Asia Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
9.7 Asia Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
10 Africa Propylene Glycol Technical Market, Overview & Analysis |
10.1 Africa Propylene Glycol Technical Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Propylene Glycol Technical Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
10.4 Africa Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
10.6 Africa Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
10.7 Africa Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
11 Europe Propylene Glycol Technical Market, Overview & Analysis |
11.1 Europe Propylene Glycol Technical Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Propylene Glycol Technical Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
11.4 Europe Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
11.6 Europe Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
11.7 Europe Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
12 Middle East Propylene Glycol Technical Market, Overview & Analysis |
12.1 Middle East Propylene Glycol Technical Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Propylene Glycol Technical Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Propylene Glycol Technical Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Propylene Glycol Technical Market, Revenues & Volume, By Application, 2021 - 2031 |
12.4 Middle East Propylene Glycol Technical Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East Propylene Glycol Technical Market, Revenues & Volume, By Purity, 2021 - 2031 |
12.6 Middle East Propylene Glycol Technical Market, Revenues & Volume, By End Use, 2021 - 2031 |
12.7 Middle East Propylene Glycol Technical Market, Revenues & Volume, By Distribution, 2021 - 2031 |
13 Global Propylene Glycol Technical Market Key Performance Indicators |
14 Global Propylene Glycol Technical Market - Export/Import By Countries Assessment |
15 Global Propylene Glycol Technical Market - Opportunity Assessment |
15.1 Global Propylene Glycol Technical Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Propylene Glycol Technical Market Opportunity Assessment, By Application, 2021 & 2031F |
15.3 Global Propylene Glycol Technical Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global Propylene Glycol Technical Market Opportunity Assessment, By Purity, 2021 & 2031F |
15.5 Global Propylene Glycol Technical Market Opportunity Assessment, By End Use, 2021 & 2031F |
15.6 Global Propylene Glycol Technical Market Opportunity Assessment, By Distribution, 2021 & 2031F |
16 Global Propylene Glycol Technical Market - Competitive Landscape |
16.1 Global Propylene Glycol Technical Market Revenue Share, By Companies, 2024 |
16.2 Global Propylene Glycol Technical Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |