The Global Propylene Glycol USP Market was valued at USD 4.82 Billion in 2025 and is projected to reach USD 7.91 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2026–2034). This robust growth is primarily driven by escalating demand from the pharmaceutical sector, the expansion of the personal care and cosmetics industry, and the critical role of high-purity ingredients in ensuring product safety and efficacy across sensitive applications.

As industries worldwide prioritize stringent quality standards and consumer safety, the demand for United States Pharmacopeia (USP)-grade Propylene Glycol continues to surge. This versatile compound, available in purity grades like 0.995, 0.998, and 0.999, is indispensable as a humectant, solvent, and stabilizer. In this blog, we profile the Top 10 Companies in the Propylene Glycol USP Industry—a mix of global chemical giants and specialized producers shaping the supply and innovation landscape for this essential ingredient.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Propylene Glycol USP Grades (0.995, 0.998, 0.999)

Dow is a global leader in the production of Propylene Glycol USP, leveraging its extensive petrochemical infrastructure and advanced purification technologies. The company supplies high-purity PG USP to a diverse range of industries, including pharmaceuticals, food and beverage, and personal care, with a strong emphasis on consistent quality and supply chain reliability.

Key Initiatives & Strengths:

• Global production capacity and extensive distribution network

• Investment in sustainable production processes and bio-based alternatives

• Strong focus on R&D for high-value applications in pharmaceuticals

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Propylene Glycol USP Market – View in Detailed Research Report

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9️⃣ 2. Repsol

Headquarters: Madrid, Spain
Key Offering: High-Purity Propylene Glycol USP

Repsol is a major European producer of Propylene Glycol USP, serving markets with stringent regulatory requirements. The company’s chemical division is integral to its downstream operations, providing high-quality PG USP that meets pharmacopeia standards for use in medicines, cosmetics, and food products.

Key Initiatives & Strengths:

• Strategic focus on the European pharmaceutical and cosmetic sectors

• Commitment to circular economy principles and reducing carbon footprint

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Propylene Glycol USP and Industrial Grades

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, with significant production capacity for Propylene Glycol. Its USP-grade products are critical for customers requiring materials that comply with strict health and safety regulations.

Key Initiatives & Strengths:

• World-scale manufacturing plants ensuring supply stability

• Active in developing advanced recycling technologies for sustainable chemical production

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7️⃣ 4. Archer Daniels Midland (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based and Petrochemical-derived Propylene Glycol USP

ADM is a key player in the global food and chemical markets, with a growing presence in bio-based Propylene Glycol. The company leverages its agricultural processing expertise to produce sustainable alternatives, while also supplying traditional USP-grade PG to various industries.

Key Initiatives & Strengths:

• Pioneering bio-based Propylene Glycol production

• Strong vertical integration from raw materials to finished products

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Propylene Glycol USP for Pharmaceuticals and Cosmetics

BASF, a leading global chemical company, produces high-quality Propylene Glycol USP that is essential for its vast portfolio of solutions for the pharmaceutical, personal care, and food industries. The company’s focus on innovation and sustainability drives its market position.

Key Initiatives & Strengths:

• Extensive R&D capabilities for specialty chemical applications

• Global network of Verbund sites ensuring efficient and integrated production

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

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5️⃣ 6. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Propylene Glycol USP from world-scale ethylene oxide plants

Shell Chemicals is a major producer of Propylene Glycol, with its USP-grade product serving critical roles as an excipient and solvent. The company’s strong feedstock position and chemical manufacturing expertise make it a reliable supplier for global markets.

Key Initiatives & Strengths:

• Integration with large-scale petrochemical operations

• Focus on supplying high-purity chemicals to regulated industries

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4️⃣ 7. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Propylene Glycol USP for diverse industrial applications

Huntsman manufactures a wide range of chemical products, including Propylene Glycol USP. The company caters to the needs of the automotive, construction, and personal care markets, providing high-purity materials that meet rigorous quality standards.

Key Initiatives & Strengths:

• Diverse product portfolio serving multiple end-use sectors

• Commitment to innovation and developing sustainable solutions

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3️⃣ 8. INEOS Oxide

Headquarters: Lyndhurst, United Kingdom
Key Offering: Propylene Glycol USP and Antifreeze grades

INEOS Oxide is a leading producer of ethylene and propylene oxides and their derivatives, including Propylene Glycol. The company’s USP-grade product is used in pharmaceuticals, food, and cosmetics, supported by a robust European production footprint.

Key Initiatives & Strengths:

• Significant production capacity in Europe

• Strong market position in oxide derivatives

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2️⃣ 9. SKC

Headquarters: Seoul, South Korea
Key Offering: High-Purity Propylene Glycol USP

SKC is a major South Korean chemical company with a growing global presence. It produces Propylene Glycol USP for the Asian market and beyond, focusing on the high standards required by the pharmaceutical and electronics industries.

Key Initiatives & Strengths:

• Expanding production to meet regional demand growth

• Investment in chemical and materials science innovation

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1️⃣ 10. Chemnovatic

Headquarters: Wrocław, Poland
Key Offering: Propylene Glycol USP and Specialty Polyols

Chemnovatic is a specialized European manufacturer and distributor of chemical raw materials, including Propylene Glycol USP. The company serves the pharmaceutical, cosmetic, and food industries with a focus on quality, customer service, and supply chain flexibility.

Key Initiatives & Strengths:

• Specialization in high-purity and pharmaceutical-grade chemicals

• Strategic location in Central Europe serving EU markets

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

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

The Propylene Glycol USP market is undergoing a significant transformation. While traditional petrochemical-derived PG remains dominant, the industry is increasingly investing in sustainable production methods, advanced purification technologies, and bio-based alternatives to meet evolving regulatory and consumer demands.

📈 Key Trends Shaping the Market:

• Rising demand for ultra-high purity grades (0.999) in pharmaceutical applications

• Accelerating adoption of bio-based Propylene Glycol to enhance sustainability profiles

• Stringent global regulatory standards driving quality and documentation requirements

• Growth in emerging economies fueling expansion of pharmaceutical and personal care sectors

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

The companies listed above are not only supplying a critical global ingredient—they are driving the innovation and quality standards essential for the safety and efficacy of countless consumer and pharmaceutical products.