Propylene Glycol Market Outlook:
Propylene Glycol Market size was over USD 4.46 billion in 2025 and is projected to reach USD 8.06 billion by 2035, growing at around 6.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of propylene glycol is evaluated at USD 4.7 billion.
The global propylene glycol market is anticipated to expand at a robust rate in the coming years, due to the increasing demand for propylene glycol across various sectors like automotive, pharmaceuticals, personal care, and so on. Rising environmental consciousness and the move towards biopolymers are driving improvements in manufacturing methods. For example, in March 2023, Ethos Asset Management worked with GreenGlycols B.V. to invest in a biomass-based propylene glycol plant in the Netherlands to promote sustainable industrial practices. These trends reveal the industry’s focus on sustainable business practices that are consistent with international objectives for sustainability.
The growth of the propylene glycol market is also boosted by government policies as well as the rising need for renewable chemicals. In September 2022, Dow launched its first circular economy-inspired propylene glycol solutions in Europe. These new products were developed to reduce carbon footprint while increasing efficiency for the automotive, food processing, construction, and many other industries. Also, the increasing need for USP-grade propylene glycol in the food and pharmaceutical industries is opening new propylene glycol market prospects for manufacturers globally.
