North America Propylene Glycol Market Size & Outlook

The propylene glycol market in North America is expected to reach a projected revenue of US$ 1,325.8 million by 2030. A compound annual growth rate of 5.7% is expected of North America propylene glycol market from 2023 to 2030.
Revenue, 2022 (US$M)
$850.3
Forecast, 2030 (US$M)
$1,325.8
CAGR, 2023 - 2030
5.7%
Report Coverage
North America

North America propylene glycol market highlights

  • The North America propylene glycol market generated a revenue of USD 850.3 million in 2022.
  • The market is expected to grow at a CAGR of 5.7% 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.
  • Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.


North America data book summary

Market revenue in 2022USD 850.3 million
Market revenue in 2030USD 1,325.8 million
Growth rate5.7% (CAGR from 2022 to 2030)
Largest segmentPetroleum based
Fastest growing segmentBio Based
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 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, North America region accounted for 19.5% of the global propylene glycol market in 2022.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 3,192.0 million by 2030.

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Propylene Glycol Market Companies

Name Profile # Employees HQ Website

North America 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 71.21% in 2022. Horizon Databook has segmented the North America 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 continent-level data and insights on the North America propylene glycol market , including forecasts for subscribers. This continent databook contains high-level insights into North America propylene glycol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America propylene glycol market size, by country, 2018-2030 (US$M)

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

North America propylene glycol market size, by country, 2018-2030 (US$M)

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