Propylene Glycol Market
The propylene glycol market consists of a versatile, colorless chemical used as a solvent, humectant, and preservative. Key customers include the pharmaceutical, food and beverage, cosmetics, and automotive industries. Market growth is primarily driven by increasing demand for medications due to a growing and aging global population, the rising prevalence of chronic diseases, and expanding healthcare access in emerging economies.
CAGR
4.3%
Compound Annual Growth Rate
Current Value
$5.22B
Estimated 2026
Projected Value
$7.31B
By 2034
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