Global Propylene Glycol Solvent Market Growth 2025-2031
The global Propylene Glycol Solvent market size is predicted to grow from US$ 3228 million in 2025 to US$ 3927 million in 2031; it is expected to grow at a CAGR of 3.3% from 2025 to 2031.
Propylene Glycol Solvent, derived from propylene glycol, is a dihydric alcohol, characterized by its colorless, odorless, and slightly viscous nature. It possesses several excellent properties as a solvent, making it highly versatile across various industries. Propylene Glycol Solvent is widely used in the production of paints, cleansers, inks, fingernail polish and removers, and household cleaning agents. Its ability to dissolve a wide range of substances makes it ideal for these applications. In industrial settings, it is commonly utilized as a cleaning fluid, while in the consumer sector, it serves as a key component in personal care products and cosmetics.
The main applications of Propylene Glycol Solvent span several sectors, including industrial cleaning fluids, paints and inks, food processing, the medical field, and personal care products. Among these, industrial cleaning fluid represents the largest segment, accounting for 38% of the total sales share. This is due to its effectiveness in breaking down and removing contaminants, grease, and other substances in industrial environments. The solvent’s role in paint and ink manufacturing is also significant, as it helps improve consistency and performance, ensuring uniform application and durability in various formulations.
Looking forward, the demand for Propylene Glycol Solvent is expected to remain strong, particularly in industrial cleaning applications and personal care products, driven by its safety profile and effectiveness. As industries continue to seek versatile, safe, and environmentally friendly solvents, Propylene Glycol Solvent’s market position will likely strengthen across multiple sectors. Its broad range of uses, coupled with growing environmental and safety concerns, makes it a key player in both industrial and consumer markets.
Propylene Glycol Solvent also plays a significant role in the food processing and medical sectors. In food processing, it is commonly used as a carrier for flavorings, colors, and emulsifiers due to its non-toxic nature and ability to mix well with other ingredients. This makes it an essential component in processed foods, beverages, and certain pharmaceutical formulations. In the medical field, Propylene Glycol Solvent is often used as a base in oral, injectable, and topical medications, as well as in creams and ointments. Its ability to dissolve active ingredients effectively while maintaining a stable composition ensures its widespread use in drug delivery systems.
The growing demand for high-quality solvents in these sensitive industries emphasizes the importance of Propylene Glycol Solvent's safety profile. As regulations around food safety and pharmaceutical formulations tighten, the non-toxic, non-irritating, and stable nature of Propylene Glycol Solvent makes it a preferred choice in these applications, further expanding its reach in the global market.
LP Information, Inc. (LPI) ' newest research report, the “Propylene Glycol Solvent Industry Forecast” looks at past sales and reviews total world Propylene Glycol Solvent sales in 2024, providing a comprehensive analysis by region and market sector of projected Propylene Glycol Solvent sales for 2025 through 2031. With Propylene Glycol Solvent sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propylene Glycol Solvent industry.
This Insight Report provides a comprehensive analysis of the global Propylene Glycol Solvent landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propylene Glycol Solvent portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Propylene Glycol Solvent market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propylene Glycol Solvent and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propylene Glycol Solvent.
This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Glycol Solvent market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Hydration
Transesterification
Biosynthesis
Segmentation by Application:
Industrial Cleaning Fluid
Paint and Ink
Food Processing
Medical Field
Personal Care
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Dow
Lyondell Basell
Indorama (Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
Anhui Tongling Jintai
Shandong Shida Shenghua Chemical Co., Ltd.
CNOOC Shell Petrochemical
Haike Xinyuan
Daze Chemical
Depp Technology
Ningbo Zhetie Dafeng Chemical Co., Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Propylene Glycol Solvent market?
What factors are driving Propylene Glycol Solvent market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Propylene Glycol Solvent market opportunities vary by end market size?
How does Propylene Glycol Solvent break out by Type, by Application?
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