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IMARC Group’s report titled “Propylene Glycol Market Report by Source (Petroleum-based, Bio-based), Application (Unsaturated Polyester Resins, Antifreeze and Functional Fluids, Food, Drug, and Cosmetics, Liquid Detergent, Paints and Coatings, and Others), End Use Industry (Transportation, Building and Construction, Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, and Others), and Region 2025-2033”, The global propylene glycol market size reached USD 4.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.02% during 2025-2033.
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Factors Affecting the Growth of the Propylene Glycol Industry:
The propylene glycol market is growing fast because it is being used in many different industries, like food, medicine, cosmetics, and manufacturing. In food, propylene glycol is used to improve texture and keep products fresh for longer. In medicine, it's used as a solvent in pills, injections, and creams to help the active ingredients work properly. In cosmetics, it acts as a moisturizer in lotions, creams, and other beauty products. It is also used in industries like heating and cooling systems, and in cars, as an antifreeze. Because of all these uses, propylene glycol is in high demand, and as industries keep growing, the need for it will likely increase even more.
People are becoming more aware of environmental issues, which is leading to more demand for bio-based propylene glycol. Traditional propylene glycol comes from petroleum, which can harm the environment. To reduce this impact, companies are now making propylene glycol from renewable sources like plants and sugars. These bio-based versions are better for the environment and appeal to consumers and businesses that care about sustainability. By 2024, the bio-based propylene glycol market is expected to grow, as more companies look for eco-friendly solutions to meet consumer needs and regulations.
Rules and safety standards are very important in the propylene glycol market. Since propylene glycol is used in food, medicine, and cosmetics, it has to follow strict regulations to make sure it is safe for consumers. Organizations like the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) check how safe and effective propylene glycol is in these products. These rules affect how companies make and sell propylene glycol. By 2024, companies that follow these rules and focus on safety will have an advantage, as consumers are becoming more careful about health and safety.
We explore the factors propelling the propylene glycol market growth, including technological advancements, consumer behaviors, and regulatory changes.
Leading Companies Operating in the Global Propylene Glycol Industry:
Propylene Glycol Market Report Segmentation:
Breakup By Source:
Breakup By Application:
Breakup By End Use Industry:
Regional Insights:
Propylene Glycol Market Trends:
The propylene glycol market is expected to grow a lot in the coming years. By 2024, more companies will use bio-based propylene glycol because people care more about the environment and want sustainable options. Industries like food, medicine, and cosmetics will keep using propylene glycol for different products. At the same time, companies will have to meet strict rules and safety standards, which will encourage them to improve product quality. With the combination of eco-friendly options, safety standards, and a variety of uses, the propylene glycol market will continue to grow and meet the needs of consumers who care about sustainability and health.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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