How Big is the Propylene Glycol Market | Industry Trends & Forecast 2025

Code: MTA8381 Publication Date: Aug 2025

What is the size of Propylene Glycol Market?

According to 6Wreserach internal database and industry insights, Global Propylene Glycol Market was estimated at USD 3300 billion in 2024 and is projected to reach USD 5600 billion by 2031, expanding at a compound annual growth rate of 7.20% during the forecast period 2025–2031.

Propylene Glycol Market is driven by growth factors include the increasing demand from food & beverage, pharmaceuticals, cosmetics, and industrial applications, along with the rise of environmentally safe and non-toxic chemical additives.

Key Growth Drivers of the Propylene Glycol Market

  • The demand is increasing from personal care and cosmetic formulations
  • Gradually, the use is growing in pharmaceutical and food & beverage industries
  • The adoption is increasing in industrial applications such as antifreeze and de-icing solutions
  • The preference is rising for safe and biodegradable chemical alternatives
  • Expansion of downstream applications is occurring in plastics and resins

Propylene Glycol Market Trends

Propylene Glycol Market is undergoing for major transformation with emerging trends include the increasing use in cosmetics, food additives, and pharmaceutical formulations. The demand is expanding for non-toxic and environmentally safe glycols is rising. The growth is noticed in industrial applications like antifreeze, heat transfer fluids, and de-icing products is boosting market adoption. Further, the emerging bio-based propylene glycol is gaining traction in sustainable manufacturing.

Emerging Developments in the Propylene Glycol Market

Propylene Glycol Market is witnessing development with innovations in bio-based and sustainable production processes. Now, the companies are investing in research for higher purity grades for pharmaceuticals and personal care. Expansion is occurring in regional manufacturing facilities and partnerships with downstream users are accelerating growth. Further, the regulatory compliance and safety standards continue to shape market trends.

List of Leading Companies in the Propylene Glycol Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Dow Inc.

Company NameDow Inc.
Established Year1897
HeadquartersMidland, Michigan, United States
Official WebsiteClick Here

This company produces propylene glycol for food, pharmaceutical, and industrial applications and focuses on high-quality, sustainable, and versatile chemical solutions.

2. LyondellBasell Industries N.V.

Company NameLyondellBasell Industries N.V.
Established Year2007
HeadquartersRotterdam, Netherlands
Official WebsiteClick Here

This company offers propylene glycol for industrial, cosmetic, and pharmaceutical markets and known for advanced chemical processes and environmentally friendly solutions.

3. Sasol Ltd.

Company NameSasol Ltd.
Established Year1950
HeadquartersJohannesburg, South Africa
Official WebsiteClick Here

This company provides propylene glycol for personal care, food, and industrial uses and focuses on innovation, safety, and sustainable chemical manufacturing.

4. ADM

Company NameADM
Established Year1902
HeadquartersChicago, Illinois, United States
Official WebsiteClick Here

This company supplies bio-based propylene glycol for food, beverage, and personal care applications and shown for sustainable and renewable chemical solutions.

5. SK Chemicals Co., Ltd.

Company NameSK Chemicals Co., Ltd.
Established Year1953
HeadquartersSeoul, South Korea
Official WebsiteClick Here

This company produces propylene glycol for cosmetic, pharmaceutical, and industrial applications and focuses on green chemistry and innovative chemical technologies.

6. BASF SE

Company NameBASF SE
Established Year1865
HeadquartersLudwigshafen, Germany
Official WebsiteClick Here

This company offers propylene glycol for plastics, resins, and personal care formulations and known for quality, sustainability, and broad chemical expertise.

7. The Dow Chemical Company

Company NameThe Dow Chemical Company
Established Year1897
HeadquartersMidland, Michigan, United States
Official WebsiteClick Here

This company provides high-grade propylene glycol for industrial, food, and pharmaceutical sectors and focuses on efficiency, innovation, and eco-friendly solutions.

8. NatureWorks LLC

Company NameNatureWorks LLC
Established Year1997
HeadquartersMinnetonka, Minnesota, United States
Official WebsiteClick Here

This company develops bio-based propylene glycol for sustainable industrial and consumer applications and known for renewable and environmentally friendly chemical products.

How Big is the Propylene Glycol Market : FAQs

The Propylene Glycol market was estimated at USD 3300 billion in 2024 and is projected to reach USD 5600 billion by 2031.
Growth factors include demand from cosmetics, pharmaceuticals, food, and industrial applications, plus sustainability trends.
Personal care, food & beverage, pharmaceuticals, industrial chemicals, and plastics/resins sectors are key adopters.
Major companies include Dow, LyondellBasell, Sasol, ADM, SK Chemicals, BASF, Dow Chemical, and NatureWorks.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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