China Propylene Glycol Market Size & Outlook, 2022-2030

The propylene glycol market in China is expected to reach a projected revenue of US$ 1,327.5 million by 2030. A compound annual growth rate of 6.7% is expected of China propylene glycol market from 2023 to 2030.

Revenue, 2022 (US$M)
$793.1
Forecast, 2030 (US$M)
$1,327.5
CAGR, 2023 - 2030
6.7%
Report Coverage
China

China propylene glycol market highlights

  • The China propylene glycol market generated a revenue of USD 793.1 million in 2022 and is expected to reach USD 1,327.5 million by 2030.
  • The China market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
  • In terms of segment, petroleum based was the largest revenue generating source in 2022.
  • Bio Based is the most lucrative source segment registering the fastest growth during the forecast period.


Propylene glycol market data book summary

Market revenue in 2022USD 793.1 million
Market revenue in 2030USD 1,327.5 million
Growth rate6.7% (CAGR from 2022 to 2030)
Largest segmentPetroleum based
Fastest growing segmentBio Based
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPetroleum Based, Bio Based
Key market players worldwideDow Inc, Basf SE, Archer-Daniels Midland Co, INEOS, Shell PLC, Adeka Corp, Huntsman Corp, LyondellBasell Industries NV Class A


Other key industry trends

  • In terms of revenue, China accounted for 18.2% of the global propylene glycol market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China propylene glycol market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,024.0 million by 2030.

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Propylene Glycol Market Companies

Name Profile # Employees HQ Website

China 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 71.29% in 2022. Horizon Databook has segmented the China propylene glycol market based on petroleum based, bio based covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the China propylene glycol market , including forecasts for subscribers. This country databook contains high-level insights into China propylene glycol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China propylene glycol market size, by source, 2018-2030 (US$M)

China Propylene Glycol Market Outlook Share, 2022 & 2030 (US$M)

China propylene glycol market size, by source, 2018-2030 (US$M)

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