프로필렌 글리콜 시장 규모, 점유율, 성장 분석 : 공급원별, 등급별, 용도별, 최종 이용 산업별, 지역별 - 산업 예측(2025-2032년)

Global Propylene Glycol Market size was valued at USD 4.43 billion in 2023 and is poised to grow from USD 4.66 billion in 2024 to USD 6.93 billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

The global propylene glycol market is poised for substantial growth, driven by rising demand across several key industries, particularly construction, transportation, and pharmaceuticals. In construction and transport, propylene glycol serves crucial functions, such as coolant for car engines and de-icing agents for aircraft, enhancing safety and operational efficiency. Its excellent solvency and nontoxic properties make it a preferred additive in resins, plastics, and antifreeze products. Moreover, with heightened focus on sustainable energy practices, bio-based propylene glycol is gaining traction, further enriching the market landscape. The pharmaceutical and food sectors also contribute significantly, utilizing propylene glycol as a humectant, emulsifier, and stabilizer. As industries seek high-performance, multifunctional materials, the market for propylene glycol is set for significant expansion, bolstered by continued technological advancements.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Propylene Glycol market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Propylene Glycol Market Segments Analysis

Global Propylene Glycol Market is segmented by Source, Grade, Application, End-use Industry and region. Based on Source, the market is segmented into Petroleum-based and Bio-based. Based on Grade, the market is segmented into Industrial Grade and USP Grade. Based on Application, the market is segmented into Polyester Resin, Chemical Intermediate, Antifreeze, Hydraulic & Brake Fluids, Industrial Solvents, Moisturizers and Paints & Coatings. Based on End-use Industry, the market is segmented into Building & Construction, Transportation, Food & Beverages, Cosmetics & Personal Care and Medical & Pharmaceuticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Propylene Glycol Market

The Global Propylene Glycol market is experiencing significant growth driven by the booming construction industry in countries like China and India. With substantial investments being funneled into infrastructure development and housing projects, the demand for propylene glycol has surged. This versatile compound is widely utilized in the production of coolants, resins, plastics, and coatings essential for construction applications. As rapid infrastructural expansion continues in these regions, the need for propylene glycol is anticipated to increase, further propelling market growth and solidifying its importance within various industrial sectors. Consequently, this trend is expected to enhance the overall Global Propylene Glycol market landscape.

Restraints in the Global Propylene Glycol Market

The global propylene glycol market is significantly hindered by its reliance on petroleum, a non-renewable resource, raising issues of sustainability and environmental impact. The production process contributes to pollution and greenhouse gas emissions, which are increasingly scrutinized by consumers and regulatory bodies alike. As the demand for eco-friendly alternatives escalates, the industry's dependence on petroleum-based propylene glycol becomes increasingly problematic. This growing pressure to find greener solutions not only highlights the environmental challenges associated with propylene glycol production but also poses a restraint on market growth, as stakeholders seek more sustainable options to meet consumer preferences and regulatory standards.

Market Trends of the Global Propylene Glycol Market

The Global Propylene Glycol market is witnessing a significant shift towards bio-based alternatives, fueled by rising consumer demand for sustainable and eco-friendly products. As companies strive to align with environmental goals, bio-based propylene glycol, derived from renewable feedstocks, is emerging as a viable substitute for traditional petroleum-derived options. This transition not only reduces carbon emissions by an impressive 61% but also meets the growing regulatory pressures and consumer preferences for sustainability. Consequently, the market is experiencing increased investments in biotechnological innovations aimed at harnessing renewable resources, signaling a robust trend towards a greener, more sustainable future in propylene glycol production.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Regulatory Landscape
• Patent Analysis

Global Propylene Glycol Market Size by Source & CAGR (2025-2032)

• Market Overview
• Petroleum-based
• Bio-based

Global Propylene Glycol Market Size by Grade & CAGR (2025-2032)

• Market Overview
• Industrial Grade
• USP Grade

Global Propylene Glycol Market Size by Application & CAGR (2025-2032)

• Market Overview
• Polyester Resin
• Chemical Intermediate
• Antifreeze
• Hydraulic & Brake Fluids
• Industrial Solvents
• Moisturizers
• Paints & Coatings

Global Propylene Glycol Market Size by End-use Industry & CAGR (2025-2032)

• Market Overview
• Building & Construction
• Transportation
• Food & Beverages
• Cosmetics & Personal Care
• Medical & Pharmaceuticals

Global Propylene Glycol Market Size & CAGR (2025-2032)

• North America (Source, Grade, Application, End-use Industry)
  • US
  • Canada
• Europe (Source, Grade, Application, End-use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Source, Grade, Application, End-use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Source, Grade, Application, End-use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Source, Grade, Application, End-use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• The Dow Chemical Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LyondellBasell Industries Holdings B.V. (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Archer Daniels Midland Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Royal Dutch Shell Plc (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huntsman Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Global Bio-Chem Technology Group (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SKC Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DuPont Tate & Lyle Bio Products (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INEOS Oxide (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AGC Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indorama Ventures Public Company Limited (Thailand)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ADEKA Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PCC SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Manali Petrochemical Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Temix Oleo SRL (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Repsol S.A. (Spain)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC (Saudi Arabia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Asahi Glass Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vizag Chemical (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations