Product Code: GVR-4-68040-005-0
Propylene Glycol Market Growth & Trends:
The global propylene glycol market is expected to reach USD 6.98 billion by 2030 and is anticipated to register a 6.1% CAGR from 2023 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand for propylene glycol to produce unsaturated polyester resins which are increasingly being used in the construction industry in concrete, reinforcement, roofing, and others. In addition, the product is widely used to produce water emulsion paints for coating the interiors of architectural buildings.
Propylene oxide is a major raw major used in the production of propylene glycol. The product is used in a wide range of industries owing to its low toxicity and freezing point which is depressed upon mixing with water. Propylene glycol is used in the food industry for food flavorings and colorings and is classified as a humectant food additive. It is also used in the cosmetics industry and personal care products such as shampoos, baby wipes, moisturizers, and bubble baths.
Asia Pacific is expected to grow at the highest CAGR in the forecast period owing to the rapidly growing construction industry in the region, especially in developing economies such as China, India, Japan, Indonesia, and others. According to the National Investment Promotion & Facilitation Agency, construction is the second-largest employer in India and is projected to become the third-largest construction market across the globe by 2025. The sector accounts for around 9% of the country's GDP and employs 51 million people.
Propylene Glycol Market Report Highlights:
- In 2022, petroleum-based emerged as the dominant source segment by contributing over 71% of the revenue share. This is attributed to its affordability and application in industrial antifreeze and hydraulic fluids
- Industrial was the dominating grade segment accounting for a revenue share of around 63% in 2022 owing to the wide range of applications of the grade in various industries such as construction, transportation, agriculture, and others
- The construction end-use segment is predicted to grow at a CAGR of 6.3% in terms of revenue by 2030, owing to the growing urbanization and increasing infrastructure activities across the globe
- The Asia Pacific is projected to grow at the highest CAGR of 6.6% over the predicted years owing to the rapid growth of major end-use industries including construction and transportation in the region
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope And Assumptions
- 1.4.1 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Propylene Glycol Market Outlook
- 3.2 Penetration & Growth Prospect Mapping, 2018 - 2030
- 3.3 Industry Value Chain Analysis
- 3.3.1 Raw Material Trend Analysis
- 3.3.2 Manufacturing Trend Analysis
- 3.3.3 Sales Channel Analysis
- 3.4 Regulatory Framework
- 3.5 Price Trend Analysis, 2018 - 2030
- 3.5.1 Factors Influencing Prices
- 3.6 Impact of the COVID-19 Pandemic
- 3.7 Impact of European Geopolitical Conflict
- 3.8 Market Dynamics
- 3.8.1 Market Driver Analysis
- 3.8.2 Market Restraint Analysis
- 3.8.3 Market Opportunity Analysis
- 3.8.4 Industry Challenges Analysis
Chapter 4 Propylene Glycol Market: Suppliers Portfolio Analysis
- 4.1 List of Raw Material Suppliers
- 4.2 Portfolio Analysis/Kraljic Matrix
- 4.3 Engagement Model
- 4.4 Negotiation Strategies
- 4.5 Sourcing Best Practices
Chapter 5 Propylene Glycol Market: Source Estimates & Trend Analysis
- 5.1 Source Movement Analysis & Market Share, 2022 & 2030 (Kilotons) (USD Million)
- 5.2 Propylene Glycol Market Size, Forecasts, And Trend Analysis, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.1 Global Propylene Glycol Market Estimates & Forecasts By Petroleum Based, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2 Global Propylene Glycol Market Estimates & Forecasts By Bio Based, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Propylene Glycol Market: Grade Estimates & Trend Analysis
- 6.1 Grade Movement Analysis & Market Share, 2022 & 2030 (Kilotons) (USD Million)
- 6.2 Propylene Glycol Market Size, Forecasts, And Trend Analysis, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.1 Global Propylene Glycol Market Estimates & Forecasts By Industrial Grade, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2 Global Propylene Glycol Market Estimates & Forecasts By USP Grade, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Propylene Glycol Market: End-Use Estimates & Trend Analysis
- 7.1 End-Use Movement Analysis & Market Share, 2022 & 2030 (Kilotons) (USD Million)
- 7.2 Propylene Glycol Market Size, Forecasts, And Trend Analysis, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.1 Global Propylene Glycol Market Estimates & Forecasts By Food & Beverages, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2 Global Propylene Glycol Market Estimates & Forecasts By Pharmaceuticals, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3 Global Propylene Glycol Market Estimates & Forecasts By Cosmetics & Personal Care, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4 Global Propylene Glycol Market Estimates & Forecasts By Construction, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5 Global Propylene Glycol Market Estimates & Forecasts By Transportation, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.6 Global Propylene Glycol Market Estimates & Forecasts By Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Propylene Glycol Market: Regional Estimates & Trend Analysis
- 8.1 Regional Movement Analysis & Market Share, 2022 & 2030
- 8.2 Market Size, Forecasts, And Trend Analysis, 2018 - 2030
- 8.2.1 North America
- 8.2.1.1 North America Propylene Glycol Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.2 North America Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.3 North America Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.4 North America Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.5 U.S.
- 8.2.1.5.1 U.S. Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.5.2 U.S. Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.5.3 U.S. Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.6 Canada
- 8.2.1.6.1 Canada Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.6.2 Canada Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.6.3 Canada Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.7 Mexico
- 8.2.1.7.1 Mexico Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.7.2 Mexico Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.1.7.3 Mexico Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2 Europe
- 8.2.2.1 Europe Propylene Glycol Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.2 Europe Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.3 Europe Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.4 Europe Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.5 Germany
- 8.2.2.5.1 Germany Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.5.2 Germany Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.5.3 Germany Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.6 Italy
- 8.2.2.6.1 Italy Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.6.2 Italy Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.6.3 Italy Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.7 Belgium
- 8.2.2.7.1 Belgium Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.7.2 Belgium Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.7.3 Belgium Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.8 France
- 8.2.2.8.1 France Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.8.2 France Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.8.3 France Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.9 U.K.
- 8.2.2.9.1 U.K. Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.9.2 U.K. Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.9.3 U.K. Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.10 Netherlands
- 8.2.2.10.1 Netherlands Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.10.2 Netherlands Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2.10.3 Netherlands Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3 Asia Pacific
- 8.2.3.1 Asia Pacific Propylene Glycol Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.2 Asia Pacific Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.3 Asia Pacific Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.4 Asia Pacific Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.5 China
- 8.2.3.5.1 China Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.5.2 China Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.5.3 China Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.6 India
- 8.2.3.6.1 India Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.6.2 India Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.6.3 India Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.7 Japan
- 8.2.3.7.1 Japan Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.7.2 Japan Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.7.3 Japan Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.8 South Korea
- 8.2.3.8.1 South Korea Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.8.2 South Korea Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3.8.3 South Korea Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4 Central & South America
- 8.2.4.1 Central & South America Propylene Glycol Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.2 Central & South America Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.3 Central & South America Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.4 Central & South America Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.5 Brazil
- 8.2.4.5.1 Brazil Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.5.2 Brazil Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.5.3 Brazil Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.6 Argentina
- 8.2.4.6.1 Argentina Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.6.2 Argentina Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4.6.3 Argentina Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5 Middle East & Africa
- 8.2.5.1 Middle East & Africa Propylene Glycol Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.2 Middle East & Africa Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.3 Middle East & Africa Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.4 Middle East & Africa Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.5 Saudi Arabia
- 8.2.5.5.1 Saudi Arabia Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.5.2 Saudi Arabia Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.5.3 Saudi Arabia Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.6 Turkey
- 8.2.5.6.1 Turkey Propylene Glycol Market Estimates & Forecasts, By Source, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.6.2 Turkey Propylene Glycol Market Estimates & Forecasts, By Grade, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.5.6.3 Turkey Propylene Glycol Market Estimates & Forecasts, By End-Use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 9 Propylene Glycol Market - Competitive Analysis
- 9.1 Recent Development & Impact Analysis, By Key Market Participants
- 9.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
- 9.3 Vendor Landscape
- 9.3.1 List of Distributors And Channel Partners
- 9.3.2 List of Potential End-Users
- 9.4 Key Company Market Positioning Analysis, 2022
- 9.5 Production Capacities, By Key Manufacturers
- 9.6 Major Deals & Strategic Alliances Analysis
Chapter 10 Company Profiles
- 10.1 DoW
- 10.1.1 Company Overview
- 10.1.2 Financial Performance
- 10.1.3 Product Benchmarking
- 10.1.4 Strategic Initiatives
- 10.2 BASF SE
- 10.2.1 Company Overview
- 10.2.2 Financial Performance
- 10.2.3 Product Benchmarking
- 10.2.4 Strategic Initiatives
- 10.3 ADM
- 10.3.1 Company Overview
- 10.3.2 Financial Performance
- 10.3.3 Product Benchmarking
- 10.3.4 Strategic Initiatives
- 10.4 INEOS
- 10.4.1 Company Overview
- 10.4.2 Financial Performance
- 10.4.3 Product Benchmarking
- 10.4.4 Strategic Initiatives
- 10.5 Shell Plc
- 10.5.1 Company Overview
- 10.5.2 Financial Performance
- 10.5.3 Product Benchmarking
- 10.5.4 Strategic Initiatives
- 10.6 Adeka Corporation
- 10.6.1 Company Overview
- 10.6.2 Financial Performance
- 10.6.3 Product Benchmarking
- 10.6.4 Strategic Initiatives
- 10.7 Huntsman International LLC.
- 10.7.1 Company Overview
- 10.7.2 Financial Performance
- 10.7.3 Product Benchmarking
- 10.7.4 Strategic Initiatives
- 10.8 LyondellBasell Industries Holdings B.V.
- 10.8.1 Company Overview
- 10.8.2 Financial Performance
- 10.8.3 Product Benchmarking
- 10.8.4 Strategic Initiatives