프로필렌 글리콜 시장 규모, 점유율, 성장 분석 : 원료별, 등급별, 용도별, 최종 용도 산업별, 지역별 - 업계 예측(2026-2033년)

Global Propylene Glycol Market size was valued at USD 4.66 Billion in 2024 and is poised to grow from USD 4.89 Billion in 2025 to USD 7.29 Billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026-2033).

The global propylene glycol market is experiencing robust growth fueled by increasing demand across various industrial sectors, particularly in construction, transportation, and pharmaceuticals. In construction and transport, propylene glycol serves critical roles, functioning as a coolant in vehicle engines and facilitating de-icing of aircraft in harsh winter conditions. Its applications enhance safety and operational efficiency, driving market expansion. Additionally, its excellent solvency and non-toxic profile make it a preferred additive in resins, plastics, and antifreeze formulations. The shift toward sustainable energy practices bolsters the appeal of bio-based propylene glycol. The pharmaceutical and food sectors utilize it as a humectant, emulsifier, and stabilizer, positioning the market for substantial growth as multi-functional materials gain prominence alongside ongoing 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 growth driven by the booming construction industry in emerging economies like China and India, where significant investments are being made in infrastructure and housing projects. The demand for propylene glycol is surging as it is widely utilized in the production of coolants, resins, plastics, and coatings essential for various construction applications. As infrastructural development intensifies in these regions, the requirement for propylene glycol is anticipated to rise substantially. This surge in construction activity is expected to further bolster the market, strengthening the position of propylene glycol as a vital component in the industry.

Restraints in the Global Propylene Glycol Market

The global propylene glycol market faces significant challenges primarily due to its reliance on petroleum, a non-renewable resource. This dependence raises sustainability and environmental issues concerning its ecological impact. Additionally, the industrial production of propylene glycol contributes to pollution and greenhouse gas emissions. As the demand for environmentally friendly alternatives escalates, both consumers and regulatory bodies are increasingly pressuring the industry to seek greener solutions. Consequently, the ongoing reliance on petroleum-derived propylene glycol may hinder market growth and innovation in developing sustainable practices and products, emphasizing the need for more eco-conscious initiatives within the sector.

Market Trends of the Global Propylene Glycol Market

The Global Propylene Glycol market is witnessing a notable shift towards bio-based alternatives as environmental awareness intensifies among consumers and corporations. This trend is fueled by the pressing need for sustainable solutions to reduce carbon footprints, with bio-based propylene glycol emerging as a leading renewable option derived from organic feedstocks. As a result, this alternative not only significantly lowers emissions, but also aligns with corporate social responsibility initiatives, attracting eco-conscious consumers. The growing emphasis on sustainability in various industries, coupled with regulatory support for greener practices, is driving the demand for bio-based propylene glycol, thereby reshaping the market landscape favorably.

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, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Regulatory Landscape
• Patent Analysis

Global Propylene Glycol Market Size by Source & CAGR (2026-2033)

• Market Overview
• Petroleum-based
• Bio-based

Global Propylene Glycol Market Size by Grade & CAGR (2026-2033)

• Market Overview
• Industrial Grade
• USP Grade

Global Propylene Glycol Market Size by Application & CAGR (2026-2033)

• 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 (2026-2033)

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

Global Propylene Glycol Market Size & CAGR (2026-2033)

• 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, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

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