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The propylene glycol market size was valued at USD 4.12 billion in 2023 and is expected to reach USD 6.59 billion by 2032 and grow at a CAGR of 5.38% over the forecast period 2024-2032. The propylene glycol report provides a detailed analysis of production capacity and utilization rates by country, distinguishing between petroleum-based and bio-based variants in 2023. It examines feedstock price trends, including propylene oxide and glycerin, across major markets. The report highlights the impact of global regulations, such as EU REACH, U.S. FDA, and China’s environmental policies, on production and usage. Additionally, it covers environmental metrics, including CO₂ emissions, waste management practices, and sustainability initiatives by region. Innovation and R&D trends focus on bio-based propylene glycol advancements and glycerin-based production methods. The report also analyzes market adoption trends in pharmaceuticals, food & beverages, cosmetics, and automotive coolants. Overall, it provides a comprehensive view of key market trends shaping the global propylene glycol industry in 2023.
Drivers
Growing demand in pharmaceuticals and personal care drives the market share.
The demand is anticipated to drive growth supported by the multifunctional property of propylene glycol, which makes it an important ingredient in formulations such as pharmaceuticals and personal care. Abstract Propylene glycol is one of the widely used solvents, stabilizer and carrier for active ingredients in oral, injectable and topical pharmaceutical preparations, which ensures right drug delivery and shelf life. The approval of regulatory authorities like the U.S. FDA and European Medicines Agency (EMA) promotes its adoption in pharmaceutical formulations. Likewise, as a humectant and emollient, it is an essential ingredient in skin care, hair care, and oral hygiene products for moisture retention and texture enhancement for personal care and cosmetics. In line with this, rising demand for high-purity USP/Pharma grade propylene glycol is being further supplemented by the growing consumer ambition for high-net-worth skincare and hygiene goods and the always escalating global-to-local healthcare outlay, especially in North America, Europe and Asia-Pacific.
Restraint
Fluctuating feedstock prices may hamper the market growth.
The major propylene glycol market challenges are the variable nature of feedstock prices since feedstock costs are directly proportional to production costs and profit margins. The majority of petroleum-based propylene glycol is produced from propylene oxide, whose price are subject to the economic environment experiencing a wide variety of factors leading to volatility such as the crude oil price, the balance of refining, and so forth, not to mention the geopolitical aspects. Bio-substitute hesperetin, made by converting glycerin, also shows fluctuating prices as they correlate with biodiesel production capacity and supply of agricultural feedstock. Fluctuating costs of raw materials make it difficult for manufacturers to keep the price under control, and thus profit.
Opportunities
Increasing Demand for High-Performance Coolants & Heat Transfer Fluids creating an opportunity for the market.
The propylene glycol market is expected to gain strength from the increase in demand for high-performance coolants and heat transfer fluids in automotive, HVAC, aerospace and industrial processing applications. Propylene glycol's low toxicity, high thermal stability, and excellent heat transfer characteristics make it well-suited for use in engine coolants, antifreeze solutions, and heat transfer fluids. Propylene Glycol-based coolants are witnessing increased adoption as effective thermal management systems are compelled to maintain battery temperatures for an increasingly competitive electric vehicle (EV) industry. Besides, the growing HVAC (heating, ventilation, and air conditioning) sector supported by urbanization as well as increasing infrastructure development is also expected to drive the glycol-based heat transfer fluids market demand.
Challenges
Supply Chain Disruptions are major challenges for propylene glycol market.
Supply chain disruptions are a major threat against the propylene glycol market as it hinders the production and transportation of propylene glycol. Based on propylene oxide (for petroleum-based PG) and glycerin (for bio-based PG), the supply is dependent on the availability of related raw materials, which can be affected by supply chain bottlenecks, transportation delays and geopolitical conflicts. Moreover, insensitive to price fluctuations of crude oil derivatives makes petroleum-based PG vulnerable to price fluctuations; and bio-based PG production is sensitive to the fluctuations of biodiesel output and agricultural uncertainties. Such disruptions increase production costs, lower profit margins, and make it challenging for manufacturers to supply adequate products to meet the growing demand for such products. In order to combat this issue, companies are emphasizing on regional sourcing strategy, supply chain diversification, and raw material innovations to stabilize the market.
By Source
The Petroleum-based PG accounted for the highest revenue share of around 65% in 2023. It is owing to their availability, affordability and wide range of industrial applications. It is a widely used propylene oxide derivative for automotive uses including coolant, antifreeze, de-icing solution, solvents, and other personal care use in pharmaceutical and food & beverage industries. Petroleum-based PG has dominated the market due to high production efficiency and existing supply chains with a lower price than bio-based alternatives. It gives it even better thermal stability, viscosity control, and compatibility with most industrial formulations, making this material advantageous in HVAC systems, chemical processing, and industrial heat transfer fluids. While the global move towards bio-based PG is increasing due to environmental concerns, the price and extensive infrastructure surrounding petroleum-based PG are sustaining this region's market share for years to come, particularly in North America, Europe, and Asia-Pacific sustained by industrial and automotive demands.
By Grade
Industrial Grade held the largest market share around 63% in 2023. it has the broadest application in many industries, such as automotive, construction, HVAC & chemical processing. This is a major grade for use in coolants, antifreeze solutions, de-icing fluids, heat transfer fluids, and industrial coatings, where, in fairness, high purity is not as critical as in applications involving pharmaceutical or food-grade materials. The many advantages of industrial-grade PG, including its cost-effectiveness, high thermal stability, and excellent solvency properties make it a suitable choice for large-scale manufacturing and other industrial applications.
By End-Use Industry
Construction held the largest market share around 32% in 2023. It is owing to rapid growth in construction industry especially in emerging economies such as China, India and Brazil. Moreover, growing infrastructure development, rapid urbanization and supportive government initiatives to promote the construction of green and energy-efficient buildings are also stimulating the market growth. Its dominance is also propelled by the increasing adoption of green building materials and proven insulation technologies, in which the propylene glycol serves a key role.
Asia Pacific led the largest market share around 48% in 2023. It is attributed to booming industrial sector and urbanization along with solid ground demand in vital end use verticals including, construction, automotive, pharmaceuticals, and personal care. China, India, Japan and South Korea are a few countries that are undergoing expanding infrastructure developments along with growing automotive production rates, further supporting the demand for automotive propylene glycol-based coolants & antifreeze paints and coatings. Furthermore, it is one of the major centers for manufacturing and industrial activity for most of the chemical production in this region leading to rich supply of propylene glycol at economical prices. A booming pharmaceutical and personal care industry due to the increasing disposable income and a growing middle class is also driving the market. Additionally, governmental programs aimed at industrialization, green building materials, and bio-based chemical production are driving the consumption of petroleum-based and bio-based propylene glycol faster. Asia Pacific continues to be the world leader in propylene glycol market with high consumer base, rising investment in infrastructures, and supported by robust industrial ecosystem.
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The Dow Chemical Company (DOWFROST, Propylene Glycol Industrial Grade)
LyondellBasell Industries N.V. (Propylene Glycol USP/EP, Therminol 66)
BASF SE (Sensicare P, Plurasafe PG USP)
Archer Daniels Midland Company (ArcoCare PG, Evolution Chemicals PG)
Global Bio-chem Technology Group Co., Ltd. (GBE Propylene Glycol, BioGreen PG)
DuPont (Zemea Propylene Glycol, Tate & Lyle Susterra)
Tate & Lyle Bio Products, LLC (Zemea USP, Susterra PG)
Huntsman Corporation (JEFFCOOL P150, JEFFSOL PG)
SKC Co., Ltd. (EcoPrime PG, SKC PG USP)
Temix International S.R.L. (TemiCool PG, TemiTherm PG Industrial)
Ineos Oxide (Ineos Propylene Glycol USP, Propylene Glycol Industrial Grade)
Manali Petrochemicals Limited (Manali PG USP, Manali PG Technical Grade)
Shell Chemicals (Shell PG USP, Shell PG Industrial)
Repsol (Repsol PG Technical, Repsol PG Pharma)
Sumitomo Chemical (Sumika PG, Sumitomo Propylene Glycol)
Qingdao Shida Chemical Co., Ltd. (Shida PG USP, Shida PG Industrial)
Haike Chemical Group (Haike PG USP, Haike PG Technical)
Asahi Kasei Corporation (Asahi PG Pharma, Asahi PG Industrial)
Solventis Ltd. (Solventis PG Technical, Solventis PG USP)
Royal Dutch Shell plc (Caradol PG, Shell PG Pharma)
In May 2023: ORLEN Południe, in partnership with BASF and Air Liquide Engineering & Construction, launched a state-of-the-art facility utilizing advanced technology to convert glycerol into renewable propylene glycol, with the goal of achieving CO₂ neutrality.
In Feb 2023, Archer Daniels Midland (ADM) invested more than USD 30 million in a new production facility in Valencia, Spain, to address the rising global demand for probiotics and postbiotics, reinforcing its growth in the health and wellness sector.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.12 Billion |
| Market Size by 2032 | US$ 6.59 Billion |
| CAGR | CAGR of 5.38% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Source (Petroleum-based PG, Bio-based PG) • By Grade (Industrial Grade, USP Grade) •By End-Use Industry (Transportation, Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | The Dow Chemical Company, LyondellBasell Industries N.V., BASF SE, Archer Daniels Midland Company, Global Bio-chem Technology Group Co., Ltd., DuPont, Tate & Lyle Bio Products, LLC, Huntsman Corporation, SKC Co., Ltd., Temix International S.R.L., Ineos Oxide, Manali Petrochemicals Limited, Shell Chemicals, Repsol, Sumitomo Chemical, Qingdao Shida Chemical Co., Ltd., Haike Chemical Group, Asahi Kasei Corporation, Solventis Ltd., Royal Dutch Shell plc. |
The market size of the Propylene Glycol Market is expected to reach USD 6.59 billion in 2032.
Ans. Growing demand in pharmaceuticals and personal care drives the market share.
The Dow Chemical Company, LyondellBasell Industries N.V., BASF SE, Archer Daniels Midland Company, Global Bio-chem Technology Group Co., Ltd., DuPont Tate & Lyle Bio Products, LLC, Huntsman Corporation, SKC Co., Ltd., Temix International S.R.L., and Ineos Oxide are leading players in the Propylene Glycol Market.
The growth rate of the Propylene Glycol Market is 5.38% during the forecast period.
The Propylene Glycol Market is segmented into 3 types: By Source, By Grade, and By End-use Industry.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 By Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Propylene Glycol Market Segmentation, by Source
7.1 Chapter Overview
7.2 Petroleum-based PG
7.2.1 Petroleum-based PG Market Trends Analysis (2020-2032)
7.2.2 Petroleum-based PG Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Bio-based PG
7.3.1 Bio-based PG Market Trends Analysis (2020-2032)
7.3.2 Bio-based PG Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Propylene Glycol Market Segmentation, by Grade
8.1 Chapter Overview
8.2 Industrial Grade
8.2.1 Industrial Grade Market Trends Analysis (2020-2032)
8.2.2 Industrial Grade Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 USP Grade
8.3.1 USP Grade Market Trends Analysis (2020-2032)
8.3.2 USP Grade Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Propylene Glycol Market Segmentation, by End-Use Industry
9.1 Chapter Overview
9.2 Food & Beverages
9.2.1 Food & Beverages Market Trends Analysis (2020-2032)
9.2.2 Food & Beverages Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Pharmaceuticals
9.3.1 Pharmaceuticals Market Trends Analysis (2020-2032)
9.3.2 Pharmaceuticals Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Cosmetics & Personal Care
9.4.1 Cosmetics & Personal Care Market Trends Analysis (2020-2032)
9.4.2 Cosmetics & Personal Care Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Construction
9.5.1 Construction Market Trends Analysis (2020-2032)
9.5.2 Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Transportation
9.6.1 Transportation Market Trends Analysis (2020-2032)
9.6.2 Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.2.4 North America Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.2.5 North America Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.2.6.2 USA Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.2.6.3 USA Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.2.7.2 Canada Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.2.7.3 Canada Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.2.8.2 Mexico Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.2.8.3 Mexico Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.1.6.2 Poland Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.1.6.3 Poland Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.1.7.2 Romania Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.1.7.3 Romania Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.4 Western Europe Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.5 Western Europe Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.6.2 Germany Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.6.3 Germany Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.7.2 France Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.7.3 France Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.8.2 UK Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.8.3 UK Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.9.2 Italy Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.9.3 Italy Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.10.2 Spain Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.10.3 Spain Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.13.2 Austria Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.13.3 Austria Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.4 Asia Pacific Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.5 Asia Pacific Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.6.2 China Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.6.3 China Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.7.2 India Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.7.3 India Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.8.2 Japan Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.8.3 Japan Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.9.2 South Korea Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.9.3 South Korea Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.10.2 Vietnam Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.10.3 Vietnam Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.11.2 Singapore Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.11.3 Singapore Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.12.2 Australia Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.12.3 Australia Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.1.4 Middle East Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.1.5 Middle East Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.1.6.2 UAE Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.1.6.3 UAE Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.2.4 Africa Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.2.5 Africa Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.6.4 Latin America Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.6.5 Latin America Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.6.6.2 Brazil Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.6.6.3 Brazil Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.6.7.2 Argentina Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.6.7.3 Argentina Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.6.8.2 Colombia Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.6.8.3 Colombia Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Propylene Glycol Market Estimates and Forecasts, by Source (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Propylene Glycol Market Estimates and Forecasts, by Grade (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Propylene Glycol Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
11. Company Profiles
11.1 The Dow Chemical Company
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.2 LyondellBasell Industries N.V.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.3 BASF SE
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.4 Archer Daniels Midland Company
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.5 Global Bio-chem Technology Group Co.Ltd.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.6 DuPont
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.7 Tate & Lyle Bio Products, LLC
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.8 Huntsman Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.9 SKC Co., Ltd.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.10 Temix International S.R.L.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Source
Petroleum-based PG
Bio-based PG
By Grade
Industrial Grade
USP Grade
By End Use Industry
Food & Beverages
Pharmaceuticals
Cosmetics & Personal Care
Construction
Transportation
Others
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
The Medical Textile Industry Market Size was valued at USD 33.2 billion in 2023 and is expected to reach USD 48.49 billion by 2032 and grow at a CAGR of 4.30% over the forecast period 2024-2032.
The Biofuel Additives Market Size was valued at USD 15.05 billion in 2023 and is expected to reach USD 32.39 billion by 2032 and grow at a CAGR of 8.89% over the forecast period 2024-2032.
The Antimicrobial Coatings Market Size was valued at USD 11.6 billion in 2023, and will reach USD 36.2 Bn by 2032, & grow at a CAGR of 13.5% by 2024-2032.
Cold Chain Packaging Market size was USD 25.8 Billion in 2023 and is expected to reach USD 70.4 Billion by 2032 and grow at a CAGR of 11.82% from 2024-2032.
Artificial Turf Market was valued at USD 4.02 billion in 2023 and is expected to reach USD 7.09 billion by 2032, growing at a CAGR of 6.72% from 2024-2032.
Fluorosurfactant Market was valued at USD 635.7 million in 2023 and is expected to reach USD 1117.3 million by 2032, at a CAGR of 6.5% from 2024 to 2032.
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