Philippines Propylene Glycol Market (2025-2031) Outlook | Growth, Share, Revenue, Forecast, Size, Trends, Value, Analysis, Industry & Companies

Name: Philippines Propylene Glycol Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Propylene Glycol Market, Philippines Propylene Glycol Market, Philippines Propylene Glycol Market Revenues, Philippines Propylene Glycol Market Share, Philippines Propylene Glycol Market Size, Philippines Propylene Glycol Market Outlook, Philippines Propylene Glycol Market Report, Philippines Propylene Glycol Market Competition, Philippines Propylene Glycol Market Overview, Philippines Propylene Glycol Market Trends, Philippines Propylene Glycol Market Forecast

Market Forecast By Application (Unsaturated Polyester Resins,Functional Fluids,Food, Drug, and Cosmetics,Liquid Detergent,Paints and Coating,Others) And Competitive Landscape

Product Code: ETC416905	Publication Date: Oct 2022	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Philippines Propylene Glycol Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, propylene glycol import shipments to the Philippines saw a shift in market concentration, with Thailand, Japan, South Korea, China, and the USA emerging as the top exporting countries. Despite a decrease in growth rate from 2023, the compound annual growth rate (CAGR) remained positive at 2.6%. The Herfindahl-Hirschman Index (HHI) indicated a high concentration level in 2024, reflecting the competitive landscape within the market. This data suggests a dynamic market environment for propylene glycol imports in the Philippines, with key players vying for market share.

Philippines Propylene Glycol Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Propylene Glycol Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

By 2027, the Propylene Glycol market in Philippines is anticipated to reach a growth rate of 1.66%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

Propylene Glycol Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

philippines propylene glycol market Synopsis

The Philippines Propylene Glycol market has witnessed consistent growth due to the compound`s versatile applications. Propylene glycol is used in various industries, including food and beverage, pharmaceuticals, cosmetics, and automotive fluids. Its properties as a solvent, humectant, and antifreeze ingredient contribute to its widespread use. The market growth is linked to the expansion of end-use industries and the increasing consumer demand for products where propylene glycol plays a crucial role. However, market players must navigate regulatory requirements and consumer preferences for natural and sustainable alternatives, which could impact the market`s trajectory.

Drivers of the Market

The Philippines propylene glycol market is driven by its applications in the food and beverage, pharmaceutical, and personal care industries. Propylene glycol is used as a food additive, a solvent in pharmaceuticals, and an ingredient in cosmetic products. The market`s growth is influenced by factors such as consumer demand for processed foods, healthcare products, and cosmetics. Regulatory approvals, safety considerations, and trends toward natural and sustainable ingredients impact the market`s dynamics.

Challenges of the Market

The Philippines propylene glycol market faces challenges linked to changing consumer preferences and increasing awareness of health and safety concerns. Propylene glycol is used in a range of products, including food, cosmetics, and pharmaceuticals. However, consumer demand for natural and organic products has led to a shift away from synthetic ingredients like propylene glycol. Moreover, concerns about potential allergic reactions and the need for product transparency present challenges to manufacturers in this market.

COVID-19 Impact on the Market

The COVID-19 pandemic could have influenced the propylene glycol market in the Philippines. Propylene glycol is used in various industries, including pharmaceuticals, cosmetics, and food production. Disruptions in manufacturing, supply chains, and shifts in consumer behavior during lockdowns might have impacted the demand for products containing propylene glycol. Changes in healthcare priorities and the economic impact of the pandemic could have influenced the market`s dynamics.

Key Players in the Market

Major players in the Philippines propylene glycol market are BASF SE, LyondellBasell Industries NV, Shell Chemicals Ltd., DowDuPont Inc., Sasol Ltd. and Eastman Chemical Company.

Key Highlights of the Report:

Philippines Propylene Glycol Market Outlook
Market Size of Philippines Propylene Glycol Market, 2024
Forecast of Philippines Propylene Glycol Market, 2031
Historical Data and Forecast of Philippines Propylene Glycol Revenues & Volume for the Period 2021-2031
Philippines Propylene Glycol Market Trend Evolution
Philippines Propylene Glycol Market Drivers and Challenges
Philippines Propylene Glycol Price Trends
Philippines Propylene Glycol Porter's Five Forces
Philippines Propylene Glycol Industry Life Cycle
Historical Data and Forecast of Philippines Propylene Glycol Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Philippines Propylene Glycol Market Revenues & Volume By Unsaturated Polyester Resins,Functional Fluids,Food, Drug, and Cosmetics,Liquid Detergent,Paints and Coating,Others for the Period 2021-2031
Philippines Propylene Glycol Import Export Trade Statistics
Market Opportunity Assessment By Application
Philippines Propylene Glycol Top Companies Market Share
Philippines Propylene Glycol Competitive Benchmarking By Technical and Operational Parameters
Philippines Propylene Glycol Company Profiles
Philippines Propylene Glycol Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

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 Philippines Propylene Glycol Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Propylene Glycol Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Propylene Glycol Market - Industry Life Cycle

3.4 Philippines Propylene Glycol Market - Porter's Five Forces

3.5 Philippines Propylene Glycol Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Philippines Propylene Glycol Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for propylene glycol in the food and beverage industry due to its use as a food additive and humectant.

4.2.2 Growth in the pharmaceutical industry, where propylene glycol is used in various medications and personal care products.

4.2.3 Rising awareness about the benefits of propylene glycol in the cosmetics and personal care sector, driving its demand for use in skincare products.

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials used in the production of propylene glycol, impacting the overall production cost.

4.3.2 Stringent regulations and standards regarding the use of propylene glycol in certain industries, leading to compliance challenges for manufacturers.

5 Philippines Propylene Glycol Market Trends

6 Philippines Propylene Glycol Market, By Types

6.1 Philippines Propylene Glycol Market, By Application

6.1.1 Overview and Analysis

6.1.2 Philippines Propylene Glycol Market Revenues & Volume, By Application, 2021-2031F

6.1.3 Philippines Propylene Glycol Market Revenues & Volume, By Unsaturated Polyester Resins, Functional Fluids, Food, Drug, and Cosmetics, Liquid Detergent, Paints and Coating, Others, 2021-2031F

7 Philippines Propylene Glycol Market Import-Export Trade Statistics

7.1 Philippines Propylene Glycol Market Export to Major Countries

7.2 Philippines Propylene Glycol Market Imports from Major Countries

8 Philippines Propylene Glycol Market Key Performance Indicators

8.1 Adoption rate of propylene glycol in new applications or industries.

8.2 Percentage increase in research and development investment for propylene glycol-based products.

8.3 Number of new product launches incorporating propylene glycol.

9 Philippines Propylene Glycol Market - Opportunity Assessment

9.1 Philippines Propylene Glycol Market Opportunity Assessment, By Application, 2021 & 2031F

10 Philippines Propylene Glycol Market - Competitive Landscape

10.1 Philippines Propylene Glycol Market Revenue Share, By Companies, 2024

10.2 Philippines Propylene Glycol Market Competitive Benchmarking, By Operating and Technical Parameters