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The Global Propylene Glycol Market was valued at USD 4.18 Billion in 2023 and is projected to reach USD 7.46 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This growth is fueled by rising applications in pharmaceuticals, food & beverage, and cosmetics, alongside increasing demand for bio-based alternatives across industries.

As industries shift toward sustainable chemical solutions and high-performance materials, propylene glycol manufacturers are innovating to meet evolving regulatory and consumer demands. In this blog, we profile the Top 10 Companies in the Propylene Glycol Industry—global chemical leaders and regional specialists driving market expansion.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Petroleum-based and bio-based PG grades

Dow is a global leader in propylene glycol production, offering high-purity products for pharmaceutical, food, and industrial applications. Their proprietary glycol technologies support sustainability goals through optimized manufacturing processes.

Innovation Highlights:

• Pioneer in bio-based PG R&D
• Global production footprint across 15+ countries
• 25% reduction in process emissions since 2010

Download FREE Sample Report:
Propylene Glycol Market – View in Detailed Research Report

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9️⃣ 2. LyondellBasell

Headquarters: Houston, Texas, USA
Key Offering: Industrial & pharmaceutical-grade PG

With one of the largest propylene oxide (PO) production capacities globally, LyondellBasell is a key PG supplier through its PO/MTBE process technology. The company serves automotive, construction, and personal care sectors worldwide.

Innovation Highlights:

• Patented hydrogen peroxide to propylene oxide (HPPO) technology
• ISO 9001 certified pharmaceutical-grade production

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Lutrol® pharmaceutical PG, industrial grades

BASF supplies high-purity propylene glycol to 120+ countries, with specialized formulations for cosmetics, pharmaceuticals, and food processing applications. Their integrated chemical ecosystem ensures consistent quality and supply chain resilience.

Innovation Highlights:

• 14 global production sites with GMP certification
• Biomass-balanced PG under their Sustainable Solutions program

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7️⃣ 4. Archer Daniels Midland (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based propylene glycol

ADM is a leader in bio-PG production through its proprietary glucose-to-glycol process. Their plant-based glycol serves food, pharma, and cosmetic manufacturers seeking renewable ingredient solutions.

Innovation Highlights:

• USDA Certified Biobased Product labeling
• 100% renewable sourcing from Midwest agricultural feedstocks

Download FREE Sample Report:
Propylene Glycol Market – View in Detailed Research Report

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6️⃣ 5. INEOS Oxide

Headquarters: Rolle, Switzerland
Key Offering: Propylene glycol USP/EP grades

INEOS operates world-scale PG plants in Europe and North America, supplying technical and pharmaceutical markets. Their glycols are essential components in antifreeze, unsaturated polyester resins, and liquid detergents.

Innovation Highlights:

• Europe’s third-largest PO/PG producer
• ASTM D-4291 certified aviation antifreeze products

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5️⃣ 6. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Specialty and conventional PG grades

Huntsman’s propylene glycol solutions serve aircraft deicing, food processing, and pharmaceutical applications. Their global distribution network ensures reliable supply to industrial buyers.

Innovation Highlights:

• Greener glycol technologies with 30% lower carbon footprint
• FDA-compliant food contact materials

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4️⃣ 7. SKC

Headquarters: Seoul, South Korea
Key Offering: Ultra-pure electronic-grade PG

SKC is Asia’s leading specialty chemical producer, manufacturing high-grade PG for lithium battery electrolytes, semiconductor production, and precision manufacturing applications.

Innovation Highlights:

• 99.99% purity PG for electronics applications
• Strategic partnerships with EV battery manufacturers

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3️⃣ 8. Repsol

Headquarters: Madrid, Spain
Key Offering: Industrial and technical-grade PG

Repsol produces propylene glycol as part of its downstream petrochemical portfolio, serving European construction, automotive, and manufacturing sectors with quality glycol solutions.

Innovation Highlights:

• Circular economy initiatives for glycol production
• 50,000 MT/year PG production capacity

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2️⃣ 9. Manali Petrochemicals

Headquarters: Chennai, India
Key Offering: Cost-competitive PG for emerging markets

As India’s leading PG producer, Manali supplies price-sensitive markets across Asia and Africa. Their products are used in unsaturated polyester resins and antifreeze formulations.

Innovation Highlights:

• Strategic location serving high-growth Asian markets
• Backward integration with propylene oxide production

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1️⃣ 10. Shell Chemicals

Headquarters: The Hague, Netherlands
Key Offering: Industrial and pharmaceutical PG

Shell’s PG production leverages their global oil & gas infrastructure, providing consistent quality glycols for cooling systems, hydraulic fluids, and personal care products worldwide.

Innovation Highlights:

• AI-optimized production efficiency
• Carbon-neutral PG initiatives underway

Get Full Report Here:
Propylene Glycol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Propylene Glycol Is Sustainable and High-Performance

The propylene glycol market is experiencing fundamental transformation as bio-based alternatives gain share and high-purity applications expand in pharmaceuticals and electronics.

📈 Key Trends Shaping the Market:

• 20% annual growth in bio-based PG demand
• Tightening food/pharma safety regulations globally
• EV battery sector driving ultra-pure PG requirements
• Manufacturers investing in carbon-neutral production

Get Full Report Here:
Propylene Glycol Market – View in Detailed Research Report

These industry leaders aren’t just supplying chemicals—they’re enabling sustainable innovation across global supply chains.