Propylene Glycol Market is witnessing consistent growth due to rising demand across food & beverages, pharmaceuticals, cosmetics, automotive, and industrial manufacturing sectors. Propylene glycol is a versatile organic compound widely used as a solvent, preservative, antifreeze agent, humectant, and chemical intermediate because of its low toxicity, high stability, and excellent...
Anticipated Growth in Revenue
The global Propylene Glycol Market was valued at approximately USD 4.5 billion in 2023 and is expected to reach nearly USD 6.9 billion by 2030, growing at a CAGR of around 6.2% during the forecast period.
Market Metric
Details
Market Size (2023)
USD 4.5 Billion
Forecast Market Size (2030)
USD 6.9 Billion
CAGR (2024–2030)
6.2%
Base Year...
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