1,2-Propylene Glycol Market was valued at USD 3.52 Billion in 2022 and is projected to reach USD 5.38 Billion by 2030, growing at a CAGR of 5.43% from 2024 to 2030.
The 1,2-Propylene Glycol market was valued at approximately USD 4.8 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030, reflecting a steady expansion driven by increasing applications across various industries. This growth is fueled by the rising demand for 1,2-Propylene Glycol in sectors such as pharmaceuticals, cosmetics, and food & beverages, where it is utilized as a solvent, humectant, and anti-freezing agent. The pharmaceutical industry, in particular, is expected to contribute significantly to the market growth due to its extensive use in drug formulations and personal care products.
Emerging markets in Asia-Pacific are anticipated to present substantial opportunities for growth, owing to rapid industrialization and increasing consumer demand in these regions. Countries like China and India are witnessing an upsurge in their chemical manufacturing capabilities and pharmaceutical production, which is expected to drive the demand for 1,2-Propylene Glycol. Additionally, the rising focus on sustainable and environmentally friendly products is likely to propel innovations and new applications in the market, creating further growth prospects. As industries in these regions expand and diversify, the 1,2-Propylene Glycol market is set to benefit from these trends, presenting lucrative opportunities for market players and investors alike.
Get an In-Depth Research Analysis of the Global 1,2-Propylene Glycol Market Size And Forecast [2025-2032]
Dow
Lyondell Basell
Huntsman
ADM
INEOS
BASF
Repsol
Sumitomo Chem
Asahi Kasei
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 1,2-Propylene Glycol Market
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics
Pharmaceutics and Food
Liquid Detergents
Based on Types the Market is categorized into Below types that held the largest 1,2-Propylene Glycol market share In 2023.
Industrial Grade 1
2-Propylene Glycol
Food Grade 1
2-Propylene Glycol
Pharmaceutical Grade 1
2-Propylene Glycol
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 1,2-Propylene Glycol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 1,2-Propylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 1,2-Propylene Glycol Market, By Type
6. Global 1,2-Propylene Glycol Market, By Application
7. Global 1,2-Propylene Glycol Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 1,2-Propylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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