The Global Industrial Grade Propylene Glycol Market was valued at USD 4.1 billion in 2023 and is projected to reach USD 5.9 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024-2030). This growth is driven by increasing demand from industrial antifreeze applications, expansion in unsaturated polyester resin production, and rising adoption in the coatings industry.

As industries shift toward high-performance chemical solutions, industrial grade propylene glycol continues to demonstrate its versatility across sectors. In this report, we examine the Top 10 Companies in the Industrial Grade Propylene Glycol Industry—global chemical leaders and regional specialists driving production and innovation.

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🔟 1. The Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Industrial and USP/EP grade PG solutions

Dow maintains one of the most extensive propylene glycol production networks globally, with manufacturing facilities strategically located across North America, Europe, and Asia-Pacific. The company’s product portfolio includes multiple grades tailored for industrial applications.

Production Highlights:

• Patented hydrogenation technology ensuring high purity
• Integrated production from propylene oxide
• Annual capacity exceeding 500,000 metric tons globally

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9️⃣ 2. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Industrial PG for resin applications

LyondellBasell operates world-scale propylene glycol production assets, primarily serving industrial markets in North America and Europe. The company’s facilities utilize advanced oxidation processes for consistent quality output.

Production Highlights:

• 300,000+ ton annual PG production capacity
• Specialty formulations for polyester resin production
• Closed-loop water recycling systems

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: High-purity industrial PG

Huntsman’s propylene glycol operations focus on delivering product consistency for critical industrial applications. The company maintains dedicated production lines for industrial grades at multiple global sites.

Production Highlights:

• Stringent quality control protocols
• Custom formulations available
• Global technical support network

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7️⃣ 4. Archer Daniels Midland (ADM)

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

ADM has pioneered renewable propylene glycol production through its proprietary biological process, offering industrial users sustainable alternatives to petroleum-derived products.

Production Highlights:

• USDA Certified Biobased Product
• Can achieve up to 100% bio-content
• Lower carbon footprint than conventional PG

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

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6️⃣ 5. INEOS Oxide

Headquarters: Rolle, Switzerland
Key Offering: European industrial PG supply

INEOS maintains a strong position in the European industrial PG market through its integrated petrochemical facilities. The company serves regional demand for antifreeze and resin applications.

Production Highlights:

• Major production site in Belgium
• Dedicated industrial grade production lines
• Focus on supply chain efficiency

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Industrial PG for coatings

BASF’s propylene glycol production forms part of its integrated chemical operations, with plants in Europe and Asia. The company emphasizes product quality for demanding industrial applications.

Production Highlights:

• ISO-certified production facilities
• Specialty grades for coating formulations
• Strong European distribution network

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4️⃣ 7. Repsol

Headquarters: Madrid, Spain
Key Offering: Mediterranean region PG supply

Repsol operates integrated PG production within its Spanish petrochemical complex, serving Southern European industrial markets. The company prioritizes operational efficiency and local supply chain optimization.

Production Highlights:

• 150,000+ ton annual capacity
• Advanced process control systems
• Regional distribution advantages

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3️⃣ 8. Sumitomo Chemical

Headquarters: Tokyo, Japan
Key Offering: Asian industrial PG market leadership

Sumitomo is a key producer of industrial grade propylene glycol for Asian markets. The company’s facilities feature advanced purification technologies for high-quality output.

Production Highlights:

• Specialty grades for electronics applications
• Stringent purity standards
• Strong technical service organization

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2️⃣ 9. SK Chemicals

Headquarters: Seoul, South Korea
Key Offering: High-purity industrial PG

SK Chemicals operates modern production facilities that supply both domestic Korean demand and export markets. The company has invested significantly in quality control systems.

Production Highlights:

• Automated quality monitoring
• Specialized formulations available
• Growing export capabilities

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1️⃣ 10. Shell Chemicals

Headquarters: The Hague, Netherlands
Key Offering: Global industrial PG supply

Shell produces industrial grade propylene glycol as part of its integrated petrochemical operations, with facilities in multiple regions serving global markets.

Production Highlights:

• Vertically integrated production
• Consistent global quality standards
• Reliable supply chain management

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

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🌍 Market Outlook: Continued Expansion Across Applications

The industrial grade propylene glycol market shows strong potential for steady expansion, supported by diverse industrial applications and new market opportunities.

📈 Key Market Trends:

• Growing demand from unsaturated polyester resin production
• Expanding use in industrial antifreeze formulations
• Increasing adoption in coating applications
• Development of bio-based production technologies

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

The companies profiled above represent the leading global suppliers driving the industrial grade propylene glycol market’s development through production excellence and market-focused innovation.