North America 1,2-Propylene Glycol Market was valued at USD 0.69 Billion in 2022 and is projected to reach USD 1.01 Billion by 2030, growing at a CAGR of 5.11% from 2024 to 2030.
The North American 1,2-Propylene Glycol market is experiencing significant growth, driven by its diverse industrial applications and the evolving requirements of various sectors. This versatile compound, known for its hygroscopic nature and chemical stability, has become indispensable across multiple industries.
Key Applications of 1,2-Propylene Glycol:
Unsaturated Polyester Resins (UPRs): Approximately 45% of produced propylene glycol is utilized in manufacturing UPRs. These resins are essential in creating durable composites for automotive, marine, and construction applications. citeturn0search2
Pharmaceuticals and Personal Care: Serving as a solvent and moisturizer, propylene glycol ensures the uniform distribution of active ingredients in medications and enhances hydration in cosmetic products. citeturn0search5
Food and Beverage Industry: Recognized as safe by regulatory authorities, it functions as an anticaking agent, emulsifier, and preservative, maintaining the quality and consistency of various consumables. citeturn0search2
Antifreeze and De-icing Solutions: Due to its low toxicity, propylene glycol is favored in antifreeze formulations, especially where accidental human or animal exposure is a concern. citeturn0search5
Paints and Coatings: It acts as a viscosity regulator and freeze-thaw stabilizer, ensuring the longevity and performance of paints under varying environmental conditions. citeturn0search5
Industry Requirements and Market Dynamics:
The North American market demands high-purity propylene glycol to meet stringent industry standards, especially in pharmaceuticals and food processing. Manufacturers are increasingly focusing on sustainable production methods, such as deriving propylene glycol from bio-based sources, to reduce environmental impact. This shift is in response to both regulatory pressures and growing consumer awareness regarding sustainability. citeturn0search4
The construction industry's expansion, particularly in residential housing, has bolstered the demand for propylene glycol-based products like UPRs. Additionally, the transportation sector's growth has increased the need for antifreeze and de-icing solutions, further propelling market demand. citeturn0search4
In my professional experience, collaborating with manufacturers across these industries has highlighted the critical role of propylene glycol in product formulation and performance. Its adaptability and safety profile make it a preferred choice, aligning with industry requirements for efficiency and sustainability.
As industries continue to innovate and prioritize environmental considerations, the North American 1,2-Propylene Glycol market is poised for sustained growth, adapting to meet the evolving needs of its diverse applications.
Get an In-Depth Research Analysis of the North America 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 North America 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
North America (United States, North America 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 North America 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. North America 1,2-Propylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America 1,2-Propylene Glycol Market, By Type
6. North America 1,2-Propylene Glycol Market, By Application
7. North America 1,2-Propylene Glycol Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America 1,2-Propylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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