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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Our clientele includes a mix of propylene glycol market companies, investment firms, advisory firms & academic institutions.
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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)
Related regional statistics
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