The Global Cosmetic Grade Propylene Glycol Market was valued at USD 570 Million in 2024 and is projected to reach USD 734 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period (2024–2032). This steady growth is being driven by expanding demand for high-performance personal care products, rising beauty product consumption across emerging economies, and the accelerating shift toward bio-based and clean-label formulation ingredients across premium and mass-market cosmetic sectors.

As the cosmetics industry transforms toward sustainable, skin-friendly, and multifunctional ingredient solutions, the spotlight is on the key chemical manufacturers who are driving innovation, purity standards, and greener production pathways. In this blog, we profile the Top 10 Companies in the Cosmetic Grade Propylene Glycol Industry—a mix of global chemical giants, specialty producers, and bio-based pioneers shaping the future of cosmetic ingredient supply.

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🕐 1. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: High-Purity Cosmetic Grade Propylene Glycol, USP/EP Grade PG

Dow Inc. is the undisputed market leader in cosmetic grade propylene glycol, holding approximately 22% revenue share in 2024. Leveraging a vertically integrated supply chain and decades of specialty chemical expertise, Dow supplies high-purity propylene glycol that meets stringent cosmetic and pharmaceutical safety standards. Their product portfolio serves premium skincare, haircare, and makeup brands across North America, Europe, and Asia-Pacific.

Sustainability Initiatives:

• Investment in bio-based propylene glycol production pathways

• Commitment to carbon neutrality across manufacturing operations by 2050

• Active partnerships with cosmetic brands seeking clean-label ingredient supply

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Cosmetic Grade Propylene Glycol Market – View in Detailed Research Report

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&#9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Cosmetic Grade Propylene Glycol, Bio-Based PG Solutions

BASF SE is one of Europe’s foremost producers of cosmetic grade propylene glycol, serving premium skincare brands and contract manufacturers across the continent and globally. BASF’s deep formulation expertise and regulatory compliance capabilities make it a trusted supplier in markets governed by strict EU Cosmetics Regulation standards. The company has been actively expanding its bio-based PG offerings to meet growing clean beauty demand.

Sustainability Initiatives:

• Expansion of renewable feedstock-based propylene glycol lines

• Collaboration with European cosmetic brands on sustainable ingredient sourcing

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&#8️⃣ 3. LyondellBasell Industries

Headquarters: Rotterdam, Netherlands
Key Offering: Propylene Glycol USP Grade, Cosmetic and Pharmaceutical PG

LyondellBasell is a major force in the global propylene glycol market, collectively holding significant European market share alongside BASF. The company’s advanced refining and petrochemical infrastructure supports reliable high-volume supply of cosmetic-grade propylene glycol to personal care manufacturers worldwide. LyondellBasell has been responding to industry trends by developing higher-purity product grades suitable for sensitive skin and luxury formulations.

Sustainability Initiatives:

• Circular economy programs targeting reduced carbon footprint in PG manufacturing

• Research into bio-based propylene oxide as a feedstock alternative

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&#7️⃣ 4. ADM (Archer-Daniels-Midland Company)

Headquarters: Chicago, Illinois, USA
Key Offering: Plant-Based Propylene Glycol, Renewable PG for Cosmetics

ADM has emerged as one of the most forward-thinking players in the cosmetic grade propylene glycol space, particularly within the bio-based segment. In 2023, ADM launched a dedicated plant-based propylene glycol line derived from renewable agricultural feedstocks, directly responding to brand owners’ sustainability mandates. This positions ADM uniquely at the intersection of agricultural expertise and specialty chemicals, offering cosmetic formulators a credible natural-origin alternative.

Sustainability Initiatives:

• Commercial-scale production of bio-based PG from renewable corn-derived feedstocks

• Strategic alignment with clean beauty brand requirements for traceable ingredient supply

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

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&#6️⃣ 5. INEOS Group

Headquarters: London, United Kingdom
Key Offering: Propylene Glycol USP/EP, Cosmetic Grade PG

INEOS is one of the largest chemical manufacturers in the world, and its propylene glycol division plays a meaningful role in supplying the European and global personal care sectors. INEOS operates large-scale PG production facilities and supplies cosmetic-grade material meeting both USP (United States Pharmacopeia) and EP (European Pharmacopoeia) standards—certifications that are increasingly demanded by premium cosmetic brands seeking ingredient validation.

Sustainability Initiatives:

• Investment in process efficiency to reduce energy intensity in PG manufacturing

• Exploration of bio-based propylene oxide production technologies

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&#5️⃣ 6. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Propylene Glycol Industrial and Cosmetic Grades

Shell Chemicals brings global reach and integrated petrochemical capabilities to the cosmetic grade propylene glycol market. As a major propylene oxide producer—the key precursor to propylene glycol—Shell maintains a significant upstream advantage in PG supply. Their cosmetic-grade products are distributed through established chemical distribution networks, reaching personal care manufacturers across multiple continents.

Sustainability Initiatives:

• Participation in industry coalitions working toward lower-carbon specialty chemical production

• Evaluation of renewable feedstock integration in propylene oxide production

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&#4️⃣ 7. Indorama Ventures (Huntsman)

Headquarters: Bangkok, Thailand
Key Offering: Propylene Glycol for Personal Care and Cosmetics

Indorama Ventures, which acquired Huntsman’s Performance Products division, operates significant propylene glycol production capacity across Asia and the Americas. The company is particularly well-positioned to serve the fast-growing Asia-Pacific cosmetics market, where demand for cosmetic grade propylene glycol is expanding at over 5% annually. Indorama’s manufacturing footprint and regional distribution capabilities make it a competitive supplier for both mass-market and premium personal care brands in the region.

Sustainability Initiatives:

• Alignment of production standards with international cosmetic safety certifications

• Investments in operational sustainability across Asian manufacturing facilities

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&#3️⃣ 8. Repsol S.A.

Headquarters: Madrid, Spain
Key Offering: Propylene Glycol, Cosmetic and Industrial Grades

Repsol is a leading integrated energy and chemical company in Europe, with established propylene glycol production capabilities serving both industrial and cosmetic applications. The company’s PG offerings are used in personal care formulations across European markets, where regulatory standards are among the most demanding in the world. Repsol has been increasing its focus on specialty chemical segments, including cosmetic-grade ingredients, as part of its broader portfolio diversification strategy.

Sustainability Initiatives:

• Targets for significant reduction of Scope 1 and Scope 2 emissions by 2030

• Exploration of circular feedstocks for chemical production, including PG

Read Full Report:
Cosmetic Grade Propylene Glycol Market – View in Detailed Research Report

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&#2️⃣ 9. SKC Inc.

Headquarters: Seoul, South Korea
Key Offering: High-Purity Propylene Glycol for Cosmetics and Pharmaceuticals

SKC is one of South Korea’s most prominent specialty chemical producers, with propylene glycol among its key product lines. Given South Korea’s dominant role in global K-beauty trends, SKC is uniquely positioned to serve one of the most innovation-driven cosmetics industries in the world. The K-beauty movement has substantially increased demand for high-performance humectants like cosmetic grade propylene glycol in serums, essences, and hydrating toners—product categories where South Korea leads global formulation innovation.

Sustainability Initiatives:

• Adherence to Korea’s stringent cosmetic ingredient safety standards

• R&D investment in higher-purity PG grades for sensitive skin formulations

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&#1️⃣ 10. CNOOC Shell Petrochemicals Company

Headquarters: Huizhou, Guangdong, China
Key Offering: Propylene Glycol for Cosmetics and Personal Care

CNOOC Shell Petrochemicals is a joint venture between CNOOC and Shell, operating one of Asia’s largest integrated petrochemical complexes in Guangdong, China. The company produces propylene glycol at significant scale, directly supplying China’s booming cosmetics manufacturing sector. With China’s cosmetics market having grown by over 18% in recent years and the country simultaneously being a major production hub, CNOOC Shell is strategically positioned to capture both domestic and regional demand for cosmetic-grade PG.

Sustainability Initiatives:

• Implementation of cleaner production technologies in accordance with China’s environmental standards

• Participation in joint sustainability programs with parent company Shell

Read Full Report:
Cosmetic Grade Propylene Glycol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cosmetic Grade Propylene Glycol Is Cleaner and More Sustainable

The cosmetic grade propylene glycol market is undergoing a meaningful transformation. While petroleum-based production methods still account for the majority of global supply, the industry is investing substantially in bio-based alternatives, higher-purity product grades, and sustainable manufacturing practices to meet the evolving demands of both regulators and consumers.

📈 Key Trends Shaping the Market:

• Rapid expansion of bio-based propylene glycol capacity in the U.S., Europe, and Asia

• Growing regulatory pressure for cleaner, more transparent ingredient sourcing in cosmetics

• Rising consumer demand for skin-compatible, multifunctional humectants in premium skincare

• Cosmetic brand partnerships with ingredient suppliers to co-develop sustainable formulations

Read Full Report:
Cosmetic Grade Propylene Glycol Market – View in Detailed Research Report

The companies profiled above are not only supplying the global cosmetics industry—they’re leading the green and clean formulation transition that is redefining personal care ingredient standards for decades to come.