Industry: Chemical & Material
Published Date: 2026-01-04
Pages: 106 Pages
Report ld: 5560395
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Propylene Glycol (PG) Market Size(US$)

CAGR 2026-2032
1.9%
Market Size,2032
USD 7,283
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Propylene Glycol (PG) market size was US$ 6396 million in 2025 and is forecast to reach a readjusted size of US$ 7283 million by 2032 with a CAGR of 1.9% during the forecast period 2026-2032.
Propylene Glycol (PG), also known as 1, 2-propanediol or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. PG is widely used in various industries due to its versatility. Its primary application is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, commonly used in the construction, automotive, and industrial sectors. Additionally, Propylene Glycol is a key component in functional fluids, such as deicing and antifreeze solutions, critical for the aviation and automotive industries. It is also used in plasticizers, hydraulic brake fluids, and non-ionic detergents. Moreover, PG serves as a humectant in pharmaceuticals, cosmetics, animal feed, and tobacco, and is valued for its effectiveness as a solvent and extractant.
Globally, the Propylene Glycol market is led by major manufacturers such as Dow, LyondellBasell, INEOS, BASF, and ADM, which together control over 60% of the market share. The European Union is the largest regional market, accounting for more than 25% of global consumption, driven by its demand for surface coatings and reinforced resins. The United States and China are also significant markets, with these two regions contributing more than 35% of global demand. Industrial-grade PG is the most widely produced and consumed type, making up about 75% of total production due to its extensive use in industrial processes, particularly in UPR manufacturing.
Looking ahead, Propylene Glycol is expected to see sustained growth, particularly in the unsaturated polyester resin (UPR) market, as industries such as construction, automotive, and coatings continue to expand. Additionally, rising demand for sustainable and environmentally friendly products in the cosmetics, pharmaceutical, and food sectors will drive further use of PG, especially as a humectant. As global environmental regulations tighten, manufacturers are expected to invest in greener and more sustainable production methods for PG. With its broad range of applications and ongoing innovation, Propylene Glycol is well-positioned for continued growth across both developed and emerging markets.
The global Propylene Glycol (PG) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2021-2032.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, segment-level executive summary (by Type, by Application) and market evolution across the short, mid and long term
Chapter 2: Quantitative analysis of Propylene Glycol (PG) sales and revenue at global, regional, and country levels, highlighting market size and growth potential by region
Chapter 3: Competitive landscape of Propylene Glycol (PG) manufacturers (sales, revenue, pricing, market share, industry rankings, and M&A / expansion plans)
Chapter 4: by Type-based segmentation analysis (sales, revenue, pricing, and growth potential) to identify blue-ocean product segments
Chapter 5: by Application-based segmentation analysis (sales, revenue, pricing, and growth potential) to uncover high-value downstream markets
Chapter 6: Regional breakdown by company, customer, by Type and by Application (sales, revenue, and pricing for each segment)
Chapter 7: Key manufacturer profiles –company overview, Propylene Glycol (PG) product descriptions and specifications, revenue, gross margins, and recent developments
Chapter 8: Industry chain analysis – upstream raw materials, manufacturing links, and downstream application sectors
Chapter 9: Sales channels and distributor analysis – routes to market and key customer interfaces
Chapter 10: Market dynamics – trends, drivers, restraints, risks for manufacturers, and the impact of relevant industry policies
Chapter 11: Key findings, main takeaways, and overall conclusions of the report.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Propylene Glycol (PG) value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
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:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Propylene Glycol (PG) Product Scope
1.2 Propylene Glycol (PG) by Type
1.2.1 Global Propylene Glycol (PG) Sales by Type (2021, 2025 & 2032)
1.2.2 Hydration
1.2.3 Transesterification
1.2.4 Biosynthesis
1.3 Propylene Glycol (PG) by Application
1.3.1 Global Propylene Glycol (PG) Sales Comparison by Application (2021, 2025 & 2032)
1.3.2 Unsaturated Polyester Resins (UPR)
1.3.3 Functional Fluids
1.3.4 Pharmaceuticals and Food
1.3.5 Liquid Detergents
1.3.6 Others
1.4 Global Propylene Glycol (PG) Market Estimates and Forecasts (2021-2032)
1.4.1 Global Propylene Glycol (PG) Market Size (Value) and Growth Rate (2021-2032)
1.4.2 Global Propylene Glycol (PG) Market Size (Volume) and Growth Rate (2021-2032)
1.4.3 Global Propylene Glycol (PG) Price Trends (2021-2032)
1.5 Assumptions and Limitations
2 Market Size and Prospects by Region
2.1 Global Propylene Glycol (PG) Market Size by Region: 2021 VS 2025 VS 2032
2.2 Global Propylene Glycol (PG) Historical Market Scenario by Region (2021-2026)
2.2.1 Global Propylene Glycol (PG) Sales Market Share by Region (2021-2026)
2.2.2 Global Propylene Glycol (PG) Revenue Market Share by Region (2021-2026)
2.3 Global Propylene Glycol (PG) Market Estimates and Forecasts by Region (2027-2032)
2.3.1 Global Propylene Glycol (PG) Sales Estimates and Forecasts by Region (2027-2032)
2.3.2 Global Propylene Glycol (PG) Revenue Forecast by Region (2027-2032)
2.4 Major Regions and Emerging Market Analysis
2.4.1 North America Propylene Glycol (PG) Market Size and Prospects (2021-2032)
2.4.2 Europe Propylene Glycol (PG) Market Size and Prospects (2021-2032)
2.4.3 China Propylene Glycol (PG) Market Size and Prospects (2021-2032)
2.4.4 Japan Propylene Glycol (PG) Market Size and Prospects (2021-2032)
3 Global Market Size by Type
3.1 Global Propylene Glycol (PG) Historical Market Review by Type (2021-2026)
3.1.1 Global Propylene Glycol (PG) Sales by Type (2021-2026)
3.1.2 Global Propylene Glycol (PG) Revenue by Type (2021-2026)
3.1.3 Global Propylene Glycol (PG) Average Price by Type (2021-2026)
3.2 Global Propylene Glycol (PG) Market Estimates and Forecasts by Type (2027-2032)
3.2.1 Global Propylene Glycol (PG) Sales Forecast by Type (2027-2032)
3.2.2 Global Propylene Glycol (PG) Revenue Forecast by Type (2027-2032)
3.2.3 Global Propylene Glycol (PG) Price Forecast by Type (2027-2032)
3.3 Representative Players for Different Types of Propylene Glycol (PG)
4 Global Market Size by Application
4.1 Global Propylene Glycol (PG) Historical Market Review by Application (2021-2026)
4.1.1 Global Propylene Glycol (PG) Sales by Application (2021-2026)
4.1.2 Global Propylene Glycol (PG) Revenue by Application (2021-2026)
4.1.3 Global Propylene Glycol (PG) Average Price by Application (2021-2026)
4.2 Global Propylene Glycol (PG) Market Estimates and Forecasts by Application (2027-2032)
4.2.1 Global Propylene Glycol (PG) Sales Forecast by Application (2027-2032)
4.2.2 Global Propylene Glycol (PG) Revenue Forecast by Application (2027-2032)
4.2.3 Global Propylene Glycol (PG) Price Forecast by Application (2027-2032)
4.3 New Sources of Growth in Propylene Glycol (PG) Applications
5 Competition Landscape by Players
5.1 Global Propylene Glycol (PG) Sales by Player (2021-2026)
5.2 Global Top Propylene Glycol (PG) Players by Revenue (2021-2026)
5.3 Global Propylene Glycol (PG) Market Share by Company Type (Tier 1, Tier 2, and Tier 3), based on Propylene Glycol (PG) revenue as of 2025
5.4 Global Propylene Glycol (PG) Average Price by Company (2021-2026)
5.5 Global Key Manufacturers of Propylene Glycol (PG), Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Propylene Glycol (PG), Product Type & Application
5.7 Global Key Manufacturers of Propylene Glycol (PG), Date of Entry into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Regional Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Propylene Glycol (PG) Sales by Company
6.1.1.1 North America Propylene Glycol (PG) Sales by Company (2021-2026)
6.1.1.2 North America Propylene Glycol (PG) Revenue by Company (2021-2026)
6.1.2 North America Propylene Glycol (PG) Sales Breakdown by Type (2021-2026)
6.1.3 North America Propylene Glycol (PG) Sales Breakdown by Application (2021-2026)
6.1.4 North America Propylene Glycol (PG) Major Customers
6.1.5 North America Market Trends and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Propylene Glycol (PG) Sales by Company
6.2.1.1 Europe Propylene Glycol (PG) Sales by Company (2021-2026)
6.2.1.2 Europe Propylene Glycol (PG) Revenue by Company (2021-2026)
6.2.2 Europe Propylene Glycol (PG) Sales Breakdown by Type (2021-2026)
6.2.3 Europe Propylene Glycol (PG) Sales Breakdown by Application (2021-2026)
6.2.4 Europe Propylene Glycol (PG) Major Customers
6.2.5 Europe Market Trends and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Propylene Glycol (PG) Sales by Company
6.3.1.1 China Propylene Glycol (PG) Sales by Company (2021-2026)
6.3.1.2 China Propylene Glycol (PG) Revenue by Company (2021-2026)
6.3.2 China Propylene Glycol (PG) Sales Breakdown by Type (2021-2026)
6.3.3 China Propylene Glycol (PG) Sales Breakdown by Application (2021-2026)
6.3.4 China Propylene Glycol (PG) Major Customers
6.3.5 China Market Trends and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Propylene Glycol (PG) Sales by Company
6.4.1.1 Japan Propylene Glycol (PG) Sales by Company (2021-2026)
6.4.1.2 Japan Propylene Glycol (PG) Revenue by Company (2021-2026)
6.4.2 Japan Propylene Glycol (PG) Sales Breakdown by Type (2021-2026)
6.4.3 Japan Propylene Glycol (PG) Sales Breakdown by Application (2021-2026)
6.4.4 Japan Propylene Glycol (PG) Major Customers
6.4.5 Japan Market Trends and Opportunities
7 Company Profiles and Key Figures
7.1 Dow
7.1.1 Dow Company Information
7.1.2 Dow Business Overview
7.1.3 Dow Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.1.4 Dow Propylene Glycol (PG) Products Offered
7.1.5 Dow Recent Development
7.2 Lyondell Basell
7.2.1 Lyondell Basell Company Information
7.2.2 Lyondell Basell Business Overview
7.2.3 Lyondell Basell Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.2.4 Lyondell Basell Propylene Glycol (PG) Products Offered
7.2.5 Lyondell Basell Recent Development
7.3 Indorama (Huntsman)
7.3.1 Indorama (Huntsman) Company Information
7.3.2 Indorama (Huntsman) Business Overview
7.3.3 Indorama (Huntsman) Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.3.4 Indorama (Huntsman) Propylene Glycol (PG) Products Offered
7.3.5 Indorama (Huntsman) Recent Development
7.4 ADM
7.4.1 ADM Company Information
7.4.2 ADM Business Overview
7.4.3 ADM Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.4.4 ADM Propylene Glycol (PG) Products Offered
7.4.5 ADM Recent Development
7.5 INEOS
7.5.1 INEOS Company Information
7.5.2 INEOS Business Overview
7.5.3 INEOS Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.5.4 INEOS Propylene Glycol (PG) Products Offered
7.5.5 INEOS Recent Development
7.6 BASF
7.6.1 BASF Company Information
7.6.2 BASF Business Overview
7.6.3 BASF Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.6.4 BASF Propylene Glycol (PG) Products Offered
7.6.5 BASF Recent Development
7.7 Repsol
7.7.1 Repsol Company Information
7.7.2 Repsol Business Overview
7.7.3 Repsol Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.7.4 Repsol Propylene Glycol (PG) Products Offered
7.7.5 Repsol Recent Development
7.8 SKC
7.8.1 SKC Company Information
7.8.2 SKC Business Overview
7.8.3 SKC Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.8.4 SKC Propylene Glycol (PG) Products Offered
7.8.5 SKC Recent Development
7.9 Shell
7.9.1 Shell Company Information
7.9.2 Shell Business Overview
7.9.3 Shell Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.9.4 Shell Propylene Glycol (PG) Products Offered
7.9.5 Shell Recent Development
7.10 Anhui Tongling Jintai
7.10.1 Anhui Tongling Jintai Company Information
7.10.2 Anhui Tongling Jintai Business Overview
7.10.3 Anhui Tongling Jintai Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.10.4 Anhui Tongling Jintai Propylene Glycol (PG) Products Offered
7.10.5 Anhui Tongling Jintai Recent Development
7.11 Shandong Shida Shenghua Chemical Co., Ltd.
7.11.1 Shandong Shida Shenghua Chemical Co., Ltd. Company Information
7.11.2 Shandong Shida Shenghua Chemical Co., Ltd. Business Overview
7.11.3 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.11.4 Shandong Shida Shenghua Chemical Co., Ltd. Propylene Glycol (PG) Products Offered
7.11.5 Shandong Shida Shenghua Chemical Co., Ltd. Recent Development
7.12 CNOOC Shell Petrochemical
7.12.1 CNOOC Shell Petrochemical Company Information
7.12.2 CNOOC Shell Petrochemical Business Overview
7.12.3 CNOOC Shell Petrochemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.12.4 CNOOC Shell Petrochemical Propylene Glycol (PG) Products Offered
7.12.5 CNOOC Shell Petrochemical Recent Development
7.13 Haike Xinyuan
7.13.1 Haike Xinyuan Company Information
7.13.2 Haike Xinyuan Business Overview
7.13.3 Haike Xinyuan Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.13.4 Haike Xinyuan Propylene Glycol (PG) Products Offered
7.13.5 Haike Xinyuan Recent Development
7.14 Daze Chemical
7.14.1 Daze Chemical Company Information
7.14.2 Daze Chemical Business Overview
7.14.3 Daze Chemical Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.14.4 Daze Chemical Propylene Glycol (PG) Products Offered
7.14.5 Daze Chemical Recent Development
7.15 Depp Technology
7.15.1 Depp Technology Company Information
7.15.2 Depp Technology Business Overview
7.15.3 Depp Technology Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.15.4 Depp Technology Propylene Glycol (PG) Products Offered
7.15.5 Depp Technology Recent Development
7.16 Ningbo Zhetie Dafeng Chemical Co., Ltd.
7.16.1 Ningbo Zhetie Dafeng Chemical Co., Ltd. Company Information
7.16.2 Ningbo Zhetie Dafeng Chemical Co., Ltd. Business Overview
7.16.3 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol (PG) Sales, Revenue and Gross Margin (2021-2026)
7.16.4 Ningbo Zhetie Dafeng Chemical Co., Ltd. Propylene Glycol (PG) Products Offered
7.16.5 Ningbo Zhetie Dafeng Chemical Co., Ltd. Recent Development
8 Propylene Glycol (PG) Manufacturing Cost Analysis
8.1 Propylene Glycol (PG) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Propylene Glycol (PG)
8.4 Propylene Glycol (PG) Industrial Chain Analysis
9 Marketing Channels, Distributors and Customers
9.1 Marketing Channels
9.2 Propylene Glycol (PG) Distributors List
9.3 Propylene Glycol (PG) Customers
10 Propylene Glycol (PG) Market Dynamics
10.1 Propylene Glycol (PG) Industry Trends
10.2 Propylene Glycol (PG) Market Drivers
10.3 Propylene Glycol (PG) Market Challenges
10.4 Propylene Glycol (PG) Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Propylene Glycol (PG), also known as 1, 2-propanediol or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. PG is widely used in various industries due to its versatility. Its primary application is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, commonly used in the construction, automotive, and industrial sectors. Additionally, Propylene Glycol is a key component in functional fluids, such as deicing and antifreeze solutions, critical for the aviation and automotive industries. It is also used in plasticizers, hydraulic brake fluids, and non-ionic detergents. Moreover, PG serves as a humectant in pharmaceuticals, cosmetics, animal feed, and tobacco, and is valued for its effectiveness as a solvent and extractant.
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Propylene Glycol (PG), also known as 1, 2-propanediol or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. PG is widely used in various industries due to its versatility. Its primary application is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, commonly used in the construction, automotive, and industrial sectors. Additionally, Propylene Glycol is a key component in functional fluids, such as deicing and antifreeze solutions, critical for the aviation and automotive industries. It is also used in plasticizers, hydraulic brake fluids, and non-ionic detergents. Moreover, PG serves as a humectant in pharmaceuticals, cosmetics, animal feed, and tobacco, and is valued for its effectiveness as a solvent and extractant.
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Pages: 145
Propylene Glycol (PG), also known as 1, 2-propanediol or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. PG is widely used in various industries due to its versatility. Its primary application is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, commonly used in the construction, automotive, and industrial sectors. Additionally, Propylene Glycol is a key component in functional fluids, such as deicing and antifreeze solutions, critical for the aviation and automotive industries. It is also used in plasticizers, hydraulic brake fluids, and non-ionic detergents. Moreover, PG serves as a humectant in pharmaceuticals, cosmetics, animal feed, and tobacco, and is valued for its effectiveness as a solvent and extractant.
Published: 2024-09-21
Pages: 148
Propylene Glycol (PG), also known as 1, 2-propanediol or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. PG is widely used in various industries due to its versatility. Its primary application is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, commonly used in the construction, automotive, and industrial sectors. Additionally, Propylene Glycol is a key component in functional fluids, such as deicing and antifreeze solutions, critical for the aviation and automotive industries. It is also used in plasticizers, hydraulic brake fluids, and non-ionic detergents. Moreover, PG serves as a humectant in pharmaceuticals, cosmetics, animal feed, and tobacco, and is valued for its effectiveness as a solvent and extractant.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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