Industry: Chemical & Material
Published Date: 2025-02-21
Pages: 114 Pages
Report ld: 4158727
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Pharmaceutical Grade Propylene Glycol Market Size(US$)

CAGR 2025-2031
5.4%
Market Size,2031
USD 476
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Pharmaceutical Grade Propylene Glycol was valued at US$ 331 million in the year 2024 and is projected to reach a revised size of US$ 476 million by 2031, growing at a CAGR of 5.4% during the forecast period.
Pharmaceutical grade propanediol is commonly used as a solvent, softener and excipient in the manufacture of various ointments and ointments.It is qualified and approved for use as an excipient in pharmaceutical applications, as it acts as a solvent and extractant for a wide range of active ingredients besides its dispersant capacity that provides equal distribution of the medicine ingredient in the formulation.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Pharmaceutical Grade Propylene Glycol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pharmaceutical Grade Propylene Glycol.
The Pharmaceutical Grade Propylene Glycol market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Pharmaceutical Grade Propylene Glycol market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pharmaceutical Grade Propylene Glycol manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Pharmaceutical Grade Propylene Glycol manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Pharmaceutical Grade Propylene Glycol by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Pharmaceutical Grade Propylene Glycol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Pharmaceutical Grade Propylene Glycol Market Overview
1.1 Product Definition
1.2 Pharmaceutical Grade Propylene Glycol by Type
1.2.1 Global Pharmaceutical Grade Propylene Glycol Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Petroleum-based Pharmaceutical Grade Propylene Glycol
1.2.3 Bio-based Pharmaceutical Grade Propylene Glycol
1.3 Pharmaceutical Grade Propylene Glycol by Application
1.3.1 Global Pharmaceutical Grade Propylene Glycol Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Drug
1.3.3 Local Anesthetic
1.3.4 Vitamins and Hormones
1.3.5 Preservatives
1.3.6 Vaccine
1.3.7 Other
1.4 Global Market Growth Prospects
1.4.1 Global Pharmaceutical Grade Propylene Glycol Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Pharmaceutical Grade Propylene Glycol Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Pharmaceutical Grade Propylene Glycol Production Estimates and Forecasts (2020-2031)
1.4.4 Global Pharmaceutical Grade Propylene Glycol Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Pharmaceutical Grade Propylene Glycol Production Market Share by Manufacturers (2020-2025)
2.2 Global Pharmaceutical Grade Propylene Glycol Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Pharmaceutical Grade Propylene Glycol, Industry Ranking, 2023 VS 2024
2.4 Global Pharmaceutical Grade Propylene Glycol Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Pharmaceutical Grade Propylene Glycol Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Pharmaceutical Grade Propylene Glycol, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Pharmaceutical Grade Propylene Glycol, Product Offered and Application
2.8 Global Key Manufacturers of Pharmaceutical Grade Propylene Glycol, Date of Enter into This Industry
2.9 Pharmaceutical Grade Propylene Glycol Market Competitive Situation and Trends
2.9.1 Pharmaceutical Grade Propylene Glycol Market Concentration Rate
2.9.2 Global 5 and 10 Largest Pharmaceutical Grade Propylene Glycol Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Pharmaceutical Grade Propylene Glycol Production by Region
3.1 Global Pharmaceutical Grade Propylene Glycol Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Pharmaceutical Grade Propylene Glycol Production Value by Region (2020-2031)
3.2.1 Global Pharmaceutical Grade Propylene Glycol Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Pharmaceutical Grade Propylene Glycol by Region (2026-2031)
3.3 Global Pharmaceutical Grade Propylene Glycol Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Pharmaceutical Grade Propylene Glycol Production Volume by Region (2020-2031)
3.4.1 Global Pharmaceutical Grade Propylene Glycol Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Pharmaceutical Grade Propylene Glycol by Region (2026-2031)
3.5 Global Pharmaceutical Grade Propylene Glycol Market Price Analysis by Region (2020-2025)
3.6 Global Pharmaceutical Grade Propylene Glycol Production and Value, Year-over-Year Growth
3.6.1 North America Pharmaceutical Grade Propylene Glycol Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Pharmaceutical Grade Propylene Glycol Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Pharmaceutical Grade Propylene Glycol Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Pharmaceutical Grade Propylene Glycol Production Value Estimates and Forecasts (2020-2031)
4 Pharmaceutical Grade Propylene Glycol Consumption by Region
4.1 Global Pharmaceutical Grade Propylene Glycol Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Pharmaceutical Grade Propylene Glycol Consumption by Region (2020-2031)
4.2.1 Global Pharmaceutical Grade Propylene Glycol Consumption by Region (2020-2025)
4.2.2 Global Pharmaceutical Grade Propylene Glycol Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Pharmaceutical Grade Propylene Glycol Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Pharmaceutical Grade Propylene Glycol Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Pharmaceutical Grade Propylene Glycol Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Pharmaceutical Grade Propylene Glycol Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Pharmaceutical Grade Propylene Glycol Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Pharmaceutical Grade Propylene Glycol Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Pharmaceutical Grade Propylene Glycol Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Pharmaceutical Grade Propylene Glycol Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Pharmaceutical Grade Propylene Glycol Production by Type (2020-2031)
5.1.1 Global Pharmaceutical Grade Propylene Glycol Production by Type (2020-2025)
5.1.2 Global Pharmaceutical Grade Propylene Glycol Production by Type (2026-2031)
5.1.3 Global Pharmaceutical Grade Propylene Glycol Production Market Share by Type (2020-2031)
5.2 Global Pharmaceutical Grade Propylene Glycol Production Value by Type (2020-2031)
5.2.1 Global Pharmaceutical Grade Propylene Glycol Production Value by Type (2020-2025)
5.2.2 Global Pharmaceutical Grade Propylene Glycol Production Value by Type (2026-2031)
5.2.3 Global Pharmaceutical Grade Propylene Glycol Production Value Market Share by Type (2020-2031)
5.3 Global Pharmaceutical Grade Propylene Glycol Price by Type (2020-2031)
6 Segment by Application
6.1 Global Pharmaceutical Grade Propylene Glycol Production by Application (2020-2031)
6.1.1 Global Pharmaceutical Grade Propylene Glycol Production by Application (2020-2025)
6.1.2 Global Pharmaceutical Grade Propylene Glycol Production by Application (2026-2031)
6.1.3 Global Pharmaceutical Grade Propylene Glycol Production Market Share by Application (2020-2031)
6.2 Global Pharmaceutical Grade Propylene Glycol Production Value by Application (2020-2031)
6.2.1 Global Pharmaceutical Grade Propylene Glycol Production Value by Application (2020-2025)
6.2.2 Global Pharmaceutical Grade Propylene Glycol Production Value by Application (2026-2031)
6.2.3 Global Pharmaceutical Grade Propylene Glycol Production Value Market Share by Application (2020-2031)
6.3 Global Pharmaceutical Grade Propylene Glycol Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Dow
7.1.1 Dow Pharmaceutical Grade Propylene Glycol Company Information
7.1.2 Dow Pharmaceutical Grade Propylene Glycol Product Portfolio
7.1.3 Dow Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Dow Main Business and Markets Served
7.1.5 Dow Recent Developments/Updates
7.2 Huntsman
7.2.1 Huntsman Pharmaceutical Grade Propylene Glycol Company Information
7.2.2 Huntsman Pharmaceutical Grade Propylene Glycol Product Portfolio
7.2.3 Huntsman Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Huntsman Main Business and Markets Served
7.2.5 Huntsman Recent Developments/Updates
7.3 ADM
7.3.1 ADM Pharmaceutical Grade Propylene Glycol Company Information
7.3.2 ADM Pharmaceutical Grade Propylene Glycol Product Portfolio
7.3.3 ADM Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.3.4 ADM Main Business and Markets Served
7.3.5 ADM Recent Developments/Updates
7.4 Polioles
7.4.1 Polioles Pharmaceutical Grade Propylene Glycol Company Information
7.4.2 Polioles Pharmaceutical Grade Propylene Glycol Product Portfolio
7.4.3 Polioles Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Polioles Main Business and Markets Served
7.4.5 Polioles Recent Developments/Updates
7.5 Lyondell Basell Industries
7.5.1 Lyondell Basell Industries Pharmaceutical Grade Propylene Glycol Company Information
7.5.2 Lyondell Basell Industries Pharmaceutical Grade Propylene Glycol Product Portfolio
7.5.3 Lyondell Basell Industries Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Lyondell Basell Industries Main Business and Markets Served
7.5.5 Lyondell Basell Industries Recent Developments/Updates
7.6 Repsol
7.6.1 Repsol Pharmaceutical Grade Propylene Glycol Company Information
7.6.2 Repsol Pharmaceutical Grade Propylene Glycol Product Portfolio
7.6.3 Repsol Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Repsol Main Business and Markets Served
7.6.5 Repsol Recent Developments/Updates
7.7 BASF
7.7.1 BASF Pharmaceutical Grade Propylene Glycol Company Information
7.7.2 BASF Pharmaceutical Grade Propylene Glycol Product Portfolio
7.7.3 BASF Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.7.4 BASF Main Business and Markets Served
7.7.5 BASF Recent Developments/Updates
7.8 Oelon
7.8.1 Oelon Pharmaceutical Grade Propylene Glycol Company Information
7.8.2 Oelon Pharmaceutical Grade Propylene Glycol Product Portfolio
7.8.3 Oelon Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Oelon Main Business and Markets Served
7.8.5 Oelon Recent Developments/Updates
7.9 Sumitomo Chemical
7.9.1 Sumitomo Chemical Pharmaceutical Grade Propylene Glycol Company Information
7.9.2 Sumitomo Chemical Pharmaceutical Grade Propylene Glycol Product Portfolio
7.9.3 Sumitomo Chemical Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Sumitomo Chemical Main Business and Markets Served
7.9.5 Sumitomo Chemical Recent Developments/Updates
7.10 Asahi
7.10.1 Asahi Pharmaceutical Grade Propylene Glycol Company Information
7.10.2 Asahi Pharmaceutical Grade Propylene Glycol Product Portfolio
7.10.3 Asahi Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Asahi Main Business and Markets Served
7.10.5 Asahi Recent Developments/Updates
7.11 ADEKA
7.11.1 ADEKA Pharmaceutical Grade Propylene Glycol Company Information
7.11.2 ADEKA Pharmaceutical Grade Propylene Glycol Product Portfolio
7.11.3 ADEKA Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.11.4 ADEKA Main Business and Markets Served
7.11.5 ADEKA Recent Developments/Updates
7.12 SKC
7.12.1 SKC Pharmaceutical Grade Propylene Glycol Company Information
7.12.2 SKC Pharmaceutical Grade Propylene Glycol Product Portfolio
7.12.3 SKC Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.12.4 SKC Main Business and Markets Served
7.12.5 SKC Recent Developments/Updates
7.13 Shell
7.13.1 Shell Pharmaceutical Grade Propylene Glycol Company Information
7.13.2 Shell Pharmaceutical Grade Propylene Glycol Product Portfolio
7.13.3 Shell Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Shell Main Business and Markets Served
7.13.5 Shell Recent Developments/Updates
7.14 Shandong Shida Shenghua Chemical
7.14.1 Shandong Shida Shenghua Chemical Pharmaceutical Grade Propylene Glycol Company Information
7.14.2 Shandong Shida Shenghua Chemical Pharmaceutical Grade Propylene Glycol Product Portfolio
7.14.3 Shandong Shida Shenghua Chemical Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Shandong Shida Shenghua Chemical Main Business and Markets Served
7.14.5 Shandong Shida Shenghua Chemical Recent Developments/Updates
7.15 Tongling Jintai Chemical
7.15.1 Tongling Jintai Chemical Pharmaceutical Grade Propylene Glycol Company Information
7.15.2 Tongling Jintai Chemical Pharmaceutical Grade Propylene Glycol Product Portfolio
7.15.3 Tongling Jintai Chemical Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Tongling Jintai Chemical Main Business and Markets Served
7.15.5 Tongling Jintai Chemical Recent Developments/Updates
7.16 CNOOC and Shell Petrochemicals
7.16.1 CNOOC and Shell Petrochemicals Pharmaceutical Grade Propylene Glycol Company Information
7.16.2 CNOOC and Shell Petrochemicals Pharmaceutical Grade Propylene Glycol Product Portfolio
7.16.3 CNOOC and Shell Petrochemicals Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.16.4 CNOOC and Shell Petrochemicals Main Business and Markets Served
7.16.5 CNOOC and Shell Petrochemicals Recent Developments/Updates
7.17 Hi-tech Spring Chemical
7.17.1 Hi-tech Spring Chemical Pharmaceutical Grade Propylene Glycol Company Information
7.17.2 Hi-tech Spring Chemical Pharmaceutical Grade Propylene Glycol Product Portfolio
7.17.3 Hi-tech Spring Chemical Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Hi-tech Spring Chemical Main Business and Markets Served
7.17.5 Hi-tech Spring Chemical Recent Developments/Updates
7.18 Daze Group
7.18.1 Daze Group Pharmaceutical Grade Propylene Glycol Company Information
7.18.2 Daze Group Pharmaceutical Grade Propylene Glycol Product Portfolio
7.18.3 Daze Group Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Daze Group Main Business and Markets Served
7.18.5 Daze Group Recent Developments/Updates
7.19 Shandong Depu Chemical
7.19.1 Shandong Depu Chemical Pharmaceutical Grade Propylene Glycol Company Information
7.19.2 Shandong Depu Chemical Pharmaceutical Grade Propylene Glycol Product Portfolio
7.19.3 Shandong Depu Chemical Pharmaceutical Grade Propylene Glycol Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Shandong Depu Chemical Main Business and Markets Served
7.19.5 Shandong Depu Chemical Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Pharmaceutical Grade Propylene Glycol Industry Chain Analysis
8.2 Pharmaceutical Grade Propylene Glycol Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Pharmaceutical Grade Propylene Glycol Production Mode & Process Analysis
8.4 Pharmaceutical Grade Propylene Glycol Sales and Marketing
8.4.1 Pharmaceutical Grade Propylene Glycol Sales Channels
8.4.2 Pharmaceutical Grade Propylene Glycol Distributors
8.5 Pharmaceutical Grade Propylene Glycol Customer Analysis
9 Pharmaceutical Grade Propylene Glycol Market Dynamics
9.1 Pharmaceutical Grade Propylene Glycol Industry Trends
9.2 Pharmaceutical Grade Propylene Glycol Market Drivers
9.3 Pharmaceutical Grade Propylene Glycol Market Challenges
9.4 Pharmaceutical Grade Propylene Glycol Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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