Turkey Propylene Glycol Market Size & Outlook, 2022-2030

The propylene glycol market in Turkey is expected to reach a projected revenue of US$ 260.8 million by 2030. A compound annual growth rate of 6% is expected of Turkey propylene glycol market from 2023 to 2030.
Revenue, 2022 (US$M)
$163.2
Forecast, 2030 (US$M)
$260.8
CAGR, 2023 - 2030
6%
Report Coverage
Turkey

Turkey propylene glycol market highlights

  • The Turkey propylene glycol market generated a revenue of USD 163.2 million in 2022 and is expected to reach USD 260.8 million by 2030.
  • The Turkey market is expected to grow at a CAGR of 6% 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 163.2 million
Market revenue in 2030USD 260.8 million
Growth rate6% (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, Turkey accounted for 3.8% 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 Middle East & Africa, Saudi Arabia propylene glycol market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 337.1 million by 2030.

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Propylene Glycol Market Companies

Name Profile # Employees HQ Website

Turkey 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 71.63% in 2022. Horizon Databook has segmented the Turkey 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 Turkey propylene glycol market , including forecasts for subscribers. This country databook contains high-level insights into Turkey propylene glycol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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