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The Asia Pacific Propylene Glycol market size was valued at US$ 2.14 billion in 2024 and is projected to reach US$ 2.86 billion by 2030, at a CAGR of 5.0% during the forecast period 2024-2030.
Propylene glycol is a synthetic organic compound used as a humectant, solvent, and preservative in various industries including food, pharmaceuticals, cosmetics, and industrial applications such as antifreeze and heat transfer fluids.
The Asia Pacific propylene glycol market is growing steadily, driven by diverse end-use applications and increasing industrial production. China accounts for 45% of the market, followed by Japan at 20% and India at 15%. In 2023, the food and beverage industry consumed 35% of total production, with pharmaceuticals at 25% and cosmetics at 20%. The market experienced a 7% growth in demand from the automotive sector for antifreeze and coolant applications. Key players include Dow Chemical Company (USA) and SKC Co., Ltd. (South Korea), collectively holding a 40% market share in the region. The industry is investing in bio-based propylene glycol production, with a 15% increase in capacity for corn-based PG in 2023. Challenges include volatile raw material prices and environmental concerns, leading to an 8% focus on developing more sustainable production processes. The trend towards natural and organic products has driven a 10% increase in USP-grade propylene glycol for clean label formulations. The market is benefiting from the expansion of the e-cigarette industry, with a 18% rise in propylene glycol demand for e-liquid formulations.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Propylene Glycol. The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Propylene Glycol, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Propylene Glycol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Glycol. This report contains market size and forecasts of Propylene Glycol in Asia Pacific, including the following market information:
We surveyed the Propylene Glycol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• By Source
• Petroleum Propylene Glycol
• Bio-Based Propylene Glycol
• By Grade
• Industrial Grade
• Pharmaceutical Grade
• Other
• Transportation
• Building & Construction
• Food & Beverage
• Pharmaceuticals
• Cosmetics & Personal Care
• Others
• Royal Dutch Shell Plc
• BASF SE
• LyondellBasell Industries Holdings B.V.
• Huntsman Corporation
• The Dow Chemical Company
• INEOS Group Holdings S.A.
• Reppe Chemical Co. Ltd.
• Adeka Corporation
• Sumitomo Chemical Co., Ltd.
• Sinopec Corp
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Propylene Glycol revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Propylene Glycol revenues share in Asia Pacific market, 2023 (%)
• Key companies Propylene Glycol sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Propylene Glycol sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Propylene Glycol
• It describes present situation, historical background and future forecast
• Comprehensive data showing Propylene Glycol capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Propylene Glycol manufacturers
• Propylene Glycol forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Propylene Glycol
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 By Source
1.2.3 Petroleum Propylene Glycol
1.2.4 Bio-Based Propylene Glycol
1.2.5 By Grade
1.2.6 Industrial Grade
1.2.7 Pharmaceutical Grade
1.2.8 Other
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Transportation
1.3.3 Building & Construction
1.3.4 Food & Beverage
1.3.5 Pharmaceuticals
1.3.6 Cosmetics & Personal Care
1.3.7 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Royal Dutch Shell Plc
8.1.1 Royal Dutch Shell Plc Corporation Information
8.1.2 Royal Dutch Shell Plc Product Portfolio
8.1.3 Royal Dutch Shell Plc Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Royal Dutch Shell Plc Main Business and Markets Served
8.1.5 Royal Dutch Shell Plc Recent Developments/Updates
8.2 BASF SE
8.2.1 BASF SE Corporation Information
8.2.2 BASF SE Product Portfolio
8.2.3 BASF SE Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 BASF SE Main Business and Markets Served
8.2.5 BASF SE Recent Developments/Updates
8.3 LyondellBasell Industries Holdings B.V.
8.3.1 LyondellBasell Industries Holdings B.V. Corporation Information
8.3.2 LyondellBasell Industries Holdings B.V. Product Portfolio
8.3.3 LyondellBasell Industries Holdings B.V. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 LyondellBasell Industries Holdings B.V. Main Business and Markets Served
8.3.5 LyondellBasell Industries Holdings B.V. Recent Developments/Updates
8.4 Huntsman Corporation
8.4.1 Huntsman Corporation Corporation Information
8.4.2 Huntsman Corporation Product Portfolio
8.4.3 Huntsman Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Huntsman Corporation Main Business and Markets Served
8.4.5 Huntsman Corporation Recent Developments/Updates
8.5 The Dow Chemical Company
8.5.1 The Dow Chemical Company Corporation Information
8.5.2 The Dow Chemical Company Product Portfolio
8.5.3 The Dow Chemical Company Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 The Dow Chemical Company Main Business and Markets Served
8.5.5 The Dow Chemical Company Recent Developments/Updates
8.6 INEOS Group Holdings S.A.
8.6.1 INEOS Group Holdings S.A. Corporation Information
8.6.2 INEOS Group Holdings S.A. Product Portfolio
8.6.3 INEOS Group Holdings S.A. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 INEOS Group Holdings S.A. Main Business and Markets Served
8.6.5 INEOS Group Holdings S.A. Recent Developments/Updates
8.7 Reppe Chemical Co. Ltd.
8.7.1 Reppe Chemical Co. Ltd. Corporation Information
8.7.2 Reppe Chemical Co. Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Reppe Chemical Co. Ltd. Main Business and Markets Served
8.7.4 Reppe Chemical Co. Ltd. Recent Developments/Updates
8.8 Adeka Corporation
8.8.1 Adeka Corporation Corporation Information
8.8.2 Adeka Corporation Product Portfolio
8.8.3 Adeka Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Adeka Corporation Main Business and Markets Served
8.8.5 Adeka Corporation Recent Developments/Updates
8.9 Sumitomo Chemical Co., Ltd.
8.9.1 Sumitomo Chemical Co., Ltd. Corporation Information
8.9.2 Sumitomo Chemical Co., Ltd. Product Portfolio
8.9.3 Sumitomo Chemical Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Sumitomo Chemical Co., Ltd. Main Business and Markets Served
8.9.5 Sumitomo Chemical Co., Ltd. Recent Developments/Updates
8.10 Sinopec Corp
8.10.1 Sinopec Corp Corporation Information
8.10.2 Sinopec Corp Product Portfolio
8.10.3 Sinopec Corp Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Sinopec Corp Main Business and Markets Served
8.10.5 Sinopec Corp Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Propylene Glycol
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
