| Product Code: ETC5358748 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Iceland propylene glycol market, the import trend experienced a decline with a growth rate of -36.0% from 2023 to 2024. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 19.68%. This decline in import growth could be attributed to shifts in demand dynamics or changes in market conditions.
In the Europe region, the Propylene Glycol market in Iceland is projected to expand at a stable growth rate of 4.49% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Iceland Propylene Glycol Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Propylene Glycol Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland Propylene Glycol Market - Industry Life Cycle |
3.4 Iceland Propylene Glycol Market - Porter's Five Forces |
3.5 Iceland Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Iceland Propylene Glycol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for propylene glycol in food and beverage industries due to its use as a solvent, humectant, and stabilizer. |
4.2.2 Growing awareness about the benefits of propylene glycol in personal care products, pharmaceuticals, and industrial applications. |
4.2.3 Rising investments in research and development for the development of innovative propylene glycol-based products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of propylene glycol, such as petroleum derivatives. |
4.3.2 Stringent regulations regarding the use of propylene glycol in certain applications, leading to compliance challenges for manufacturers. |
4.3.3 Competition from substitute products like glycerin and ethylene glycol impacting market growth. |
5 Iceland Propylene Glycol Market Trends |
6 Iceland Propylene Glycol Market Segmentations |
6.1 Iceland Propylene Glycol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Iceland Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins,? Functional Fluids,? Food, Drug, and Cosmetics,? Liquid Detergent,? Paints and Coating,? Others, 2021-2031F |
7 Iceland Propylene Glycol Market Import-Export Trade Statistics |
7.1 Iceland Propylene Glycol Market Export to Major Countries |
7.2 Iceland Propylene Glycol Market Imports from Major Countries |
8 Iceland Propylene Glycol Market Key Performance Indicators |
8.1 Number of new product launches incorporating propylene glycol in various industries. |
8.2 Percentage increase in research and development expenditure by key market players. |
8.3 Growth in the number of patents related to propylene glycol applications. |
8.4 Adoption rate of propylene glycol in emerging industries such as e-cigarettes and renewable chemicals. |
8.5 Number of partnerships and collaborations for expanding market presence and product offerings. |
9 Iceland Propylene Glycol Market - Opportunity Assessment |
9.1 Iceland Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Iceland Propylene Glycol Market - Competitive Landscape |
10.1 Iceland Propylene Glycol Market Revenue Share, By Companies, 2024 |
10.2 Iceland Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |