Global Propylene Glycol Market Size & Outlook, 2022-2030
Global propylene glycol market, 2018-2030 (US$M)
Related Markets
Global propylene glycol market highlights
- The global propylene glycol market generated a revenue of USD 4,350.9 million in 2022 and is expected to reach USD 6,975.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.1% by 2030.
- In terms of segment, petroleum based accounted for a revenue of USD 3,103.1 million in 2022.
- Bio Based is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 4,350.9 million |
| Market revenue in 2030 | USD 6,975.8 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Petroleum based |
| Fastest growing segment | Bio Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Petroleum Based, Bio Based |
Other key industry trends
- In terms of revenue, the North America accounted for 19.5% of the global propylene glycol market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 141.9 million by 2030.
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Propylene Glycol Market Scope
Propylene Glycol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global propylene glycol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to propylene glycol market will help companies and investors design strategic landscapes.
Petroleum based was the largest segment with a revenue share of 71.32% in 2022. Horizon Databook has segmented the Global propylene glycol market based on petroleum based, bio based covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Propylene Glycol Source Outlook (Revenue, USD Million, 2018-2030)
- Petroleum Based
- Bio Based
- Global Propylene Glycol Grade Outlook (Revenue, USD Million, 2018-2030)
- Industrial Grade
- USP Grade
- Global Propylene Glycol End Use Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Construction
- Transportation
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global propylene glycol market , including forecasts for subscribers. This global databook contains high-level insights into Global propylene glycol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global propylene glycol market size, by regions, 2018-2030 (US$M)
Top 10 countries: Propylene glycol market size, 2022 (US$M)
Global propylene glycol market share, by source, 2022 & 2030 (%, US$M)
Propylene glycol market: Opportunity assessment by country
Global propylene glycol market, by region, 2022 (US$M)
| Source | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 778.5 | 815.3 | 775.4 | 811.1 | 850.3 | 893.9 | 941.3 | 992.5 | 1,047.9 | 1,108.3 | 1,174.6 | 1,247.2 | 1,325.8 | 5.7% |
| Europe | 750.1 | 784.8 | 745.6 | 779.3 | 816.0 | 857.1 | 901.6 | 949.8 | 1,001.8 | 1,058.5 | 1,120.8 | 1,188.8 | 1,262.5 | 5.6% |
| Asia Pacific | 1,703.6 | 1,798.5 | 1,724.1 | 1,818.0 | 1,920.8 | 2,035.6 | 2,160.6 | 2,296.3 | 2,443.9 | 2,605.2 | 2,783.4 | 2,978.8 | 3,192.0 | 6.6% |
| Latin America | 287.8 | 300.8 | 285.5 | 298.1 | 311.9 | 327.2 | 343.9 | 361.9 | 381.3 | 402.5 | 425.8 | 451.2 | 478.7 | 5.5% |
| MEA | 408.7 | 429.4 | 409.7 | 429.8 | 451.9 | 476.5 | 503.0 | 531.7 | 562.6 | 596.2 | 633.1 | 673.3 | 716.9 | 5.9% |
| Overall | 3,928.5 | 4,128.8 | 3,940.3 | 4,136.3 | 4,350.9 | 4,590.3 | 4,850.4 | 5,132.1 | 5,437.6 | 5,770.7 | 6,137.6 | 6,539.2 | 6,975.8 | 6.1% |
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