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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:

by Country

•    China
•    India
•    Japan
•    South Korea
•    Australia
•    Thailand
•    Indonesia

by Products type:

•    By Source
•    Petroleum Propylene Glycol
•    Bio-Based Propylene Glycol
•    By Grade
•    Industrial Grade
•    Pharmaceutical Grade
•    Other

by Application:

•    Transportation
•    Building & Construction
•    Food & Beverage
•    Pharmaceuticals
•    Cosmetics & Personal Care
•    Others

key players include: (At least 8-10 companies included)

•    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.

Competitor 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.