GITNUX MARKETDATA REPORT 2024

Propylene Glycol Industry Statistics

The propylene glycol industry is anticipated to experience steady growth due to its wide range of applications in various sectors such as food, pharmaceuticals, and cosmetics.

In this post, we explore a comprehensive overview of the propylene glycol industry, backed by a range of compelling statistics. From market size values and projected growth figures to regional market shares and key industry players, this analysis sheds light on the dynamic landscape of propylene glycol market trends. Let’s dive into the data-driven insights shaping the propylene glycol sector.

Statistic 1

"The global propylene glycol market size was valued at USD 3.6 billion in 2019."

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Statistic 2

"The global propylene glycol market is expected to reach USD 5.36 billion by 2027."

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Statistic 3

"The propylene glycol industry is expected to exhibit a CAGR of 4.4% between 2020 and 2027."

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Statistic 4

"In 2019, Unsaturated Polyester Resin (UPR) application dominated the market with over 36.7% share of the total revenue."

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Statistic 5

"The Asia Pacific had the largest market share of 37% in 2019."

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Statistic 6

"The U.S. propylene glycol market size was valued at USD 638.4 Million in 2017 and is projected to reach USD 1,506.1 million by 2025."

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Statistic 7

"The propylene glycol market in the US is expected to grow at a CAGR of 8.4% from 2018 to 2025."

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Statistic 8

"The pharmaceutical grade segment was the most prominent segment with an 81.8% market share in 2017."

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Statistic 9

"Among major manufacturers, DowDupont accounted for the major market share of approximately 25% in 2017."

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Statistic 10

"Europe is the second largest region in terms of consumption in the global propylene glycol market."

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Statistic 11

"China had the largest propylene glycol output of any country in 2020."

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Statistic 12

"In the Netherlands, the propylene glycol market is estimated to grow at a CAGR of over 3% during 2020-2025."

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Statistic 13

"On the basis of grade, the industrial grade segment holds the largest market share in the global propylene glycol industry."

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Statistic 14

"In 2020, the demand for bio-based propylene glycol is growing at a faster rate due to its eco-friendly nature."

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Statistic 15

"In 2020, Sinopec, a Chinese company, was one of the leading global producers of propylene glycol."

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Statistic 16

"Bio-based propylene glycol is expected to witness the highest growth over a forecast period, with a CAGR of nearly 6% from 2021 to 2026."

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Statistic 17

"The food & beverage segment is predicted to witness a CAGR of almost 5% from 2021 to 2026."

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Statistic 18

"Russia's consumption of propylene glycol was about 14.5 thousand tonnes in 2019."

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Statistic 19

"North America is projected to be the fastest-growing market for propylene glycol during the forecast period, with a CAGR of 4.5% from 2015 - 2020."

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Statistic 20

"In the Germany propylene glycol market, personal care and pharmaceutical segments accounted for approximately 70% of the total consumption in 2019."

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The global propylene glycol market is experiencing steady growth, with a projected increase in market size from USD 3.6 billion in 2019 to USD 5.36 billion by 2027, driven by a compound annual growth rate of 4.4%. Various factors are contributing to this growth, such as the dominance of Unsaturated Polyester Resin application, the significant market share held by the pharmaceutical grade segment, and the increasing demand for bio-based propylene glycol. Regions like Asia Pacific and North America are key players in the market, with China leading in production and the U.S. expected to see substantial market growth. Overall, these statistics indicate a positive outlook for the propylene glycol industry, with opportunities for further expansion and development in the coming years.

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