Propylene Glycol Market Analysis

The global Propylene Glycol Market size is predicted to reach USD 6.22 billion by 2030 with a CAGR of 4.9% from 2025-2030. The propylene glycol market is driven by boosting pharmaceutical sector, growing personal care and beauty industry and growing electric vehicle industry. 

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Asia-Pacific holds the dominant position in the propylene glycol market share and is expected to maintain its dominance in the forecast period. This is because of growing electric vehicle industry in the region that requires the usage of glycol solutions for cooling.

North America shows steady rise in the propylene glycol industry due to the expansion of cosmetic and personal care industry that requires glycol solution for various purposes such as preserving, stabilising and to act as carrier.

Various market players operating in the propylene glycol industry are Dow Inc., BASF SE, LyondellBasell Industries Holdings B. V., Archer Daniels Midland Company, Huntsman International LLC, ADEKA Corporation, Manali Petrochemicals Limited, Repsol S. A., Shell plc, Ineos Group Limited, Acuro Organics Limited, Harcros Chemicals Inc., Novamen Inc., Evonik Industries AG, Solventis Ltd., and others.