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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