The Global Propylene Glycol (PG) Market was valued at US$ 3942.9 million in 2022 and is projected to reach US$ 4356.6 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 1.4% during the forecast period (2023–2029). This growth is being driven by expanding applications in unsaturated polyester resins (UPR), pharmaceuticals, food and beverages, and the rising demand for bio-based and sustainable alternatives amid regulatory pressures and consumer preferences for safer, eco-friendly ingredients.

As the chemical industry evolves toward more sustainable production methods and diverse applications across multiple sectors, the focus turns to the pivotal suppliers who are advancing innovation, quality standards, and environmentally responsible pathways. In this blog, we profile the Top 10 Companies in the Propylene Glycol (PG) Industry—a blend of global chemical giants, specialty producers, and innovators leading the charge in providing high-purity PG for industrial, food, and pharmaceutical uses.

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🔟 1. Repsol

Headquarters: Madrid, Spain
Key Offering: Industrial Grade PG, Pharmaceutical Grade PG

Repsol stands as a major European producer of propylene glycol, leveraging its integrated petrochemical operations to supply reliable volumes for paints, coatings, and antifreeze applications. The company’s facilities in Spain and Portugal ensure a strong presence in the Mediterranean market, supporting downstream industries with consistent quality and supply chain efficiency.

Innovation and Sustainability Initiatives:

• Investment in bio-based feedstock integration for reduced carbon footprint

• Collaborations with European regulators to meet REACH compliance standards

• Commitment to circular economy principles in chemical production by 2030

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

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9️⃣ 2. ADM (Archer Daniels Midland)

Headquarters: Chicago, Illinois, USA
Key Offering: Food Grade PG, Bio-based PG

ADM excels in the production of bio-derived propylene glycol, drawing from its expertise in agricultural processing to create sustainable alternatives for food, personal care, and pharmaceutical sectors. With a focus on renewable resources like corn and soy, ADM supplies PG that meets stringent FDA and EU food safety regulations, catering to a global clientele seeking natural ingredients.

Innovation and Sustainability Initiatives:

• Expansion of bio-PG production capacity using glycerin from biodiesel

• Partnerships with food manufacturers for clean-label product development

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8️⃣ 3. Sumitomo Chemical

Headquarters: Tokyo, Japan
Key Offering: Industrial Grade PG, Electronics-Grade PG

Sumitomo Chemical is a key Asian player in the PG market, producing high-purity grades for use in semiconductors, antifreeze, and polymer applications. Its advanced manufacturing processes ensure low impurity levels, making it a preferred supplier for high-tech industries in Japan and across Asia-Pacific, where demand for precision chemicals is surging.

Innovation and Sustainability Initiatives:

• Development of energy-efficient production technologies to lower emissions

• R&D into recyclable PG derivatives for sustainable plastics

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7️⃣ 4. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: Pharmaceutical Grade PG, Industrial Grade PG

BASF, one of the world’s largest chemical companies, offers a comprehensive range of propylene glycols tailored for pharmaceuticals, cosmetics, and industrial uses. Through its global network of plants, BASF ensures supply reliability and supports applications in drug formulations where PG acts as a solvent and humectant, adhering to pharmacopeia standards.

Innovation and Sustainability Initiatives:

• Goal to increase bio-based product portfolio to 40% by 2030

• Europe’s leading initiatives in carbon-neutral chemical manufacturing

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

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6️⃣ 5. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: UPR-Grade PG, Food Grade PG

Huntsman specializes in polyols and glycols, providing propylene glycol essential for unsaturated polyester resins used in composites and construction materials. Its North American and European facilities deliver customized solutions, helping customers achieve performance enhancements in end-products while navigating volatile raw material prices.

Innovation and Sustainability Initiatives:

• Certified sustainable sourcing for PG production inputs

• Targets for zero-waste operations in key manufacturing sites

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5️⃣ 6. DuPont

Headquarters: Wilmington, Delaware, USA
Key Offering: Pharmaceutical Grade PG, Industrial Grade PG

DuPont brings decades of expertise to the PG market, focusing on high-quality grades for personal care, pharmaceuticals, and food preservation. The company’s emphasis on safety and efficacy has positioned it as a trusted partner for formulators seeking stable, versatile solvents that enhance product shelf life and texture.

Innovation and Sustainability Initiatives:

• Advancements in bio-PG from renewable feedstocks, reducing fossil fuel dependency

• Global programs to minimize water usage in production processes

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4️⃣ 7. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Industrial Grade PG, Petrochemical-Derived PG

Shell Chemicals integrates PG production within its vast petrochemical ecosystem, supplying industrial-grade material for antifreeze, de-icing, and polymer applications worldwide. Operating in over 70 countries, Shell emphasizes efficient refining to meet the demands of automotive and aviation sectors reliant on reliable PG performance.

Innovation and Sustainability Initiatives:

• Strategic shift toward lower-carbon PG via hydrogen integration

• Collaborations for SAF-related PG uses in aviation de-icing

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3️⃣ 8. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: UPR-Grade PG, Food and Pharmaceutical Grade PG

LyondellBasell is a dominant force in olefins and polyolefins, extending its capabilities to propylene glycol for resins, coatings, and consumer goods. With production sites in the US and Europe, the company supports the booming construction and automotive industries, where PG enhances durability and flexibility in composite materials.

Innovation and Sustainability Initiatives:

• Indigenous development of circular PG recycling technologies

• Public-private partnerships to scale sustainable chemical supply chains

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2️⃣ 9. Polioles

Headquarters: Altamira, Mexico
Key Offering: Industrial Grade PG, PPG Intermediates

Polioles, part of the Alfa Group, focuses on Latin American markets with propylene glycol production for polyether polyols and direct applications in textiles and inks. Its regional leadership ensures cost-effective supply, supporting Mexico’s growing manufacturing sector and exports to North America.

Innovation and Sustainability Initiatives:

• Aims for 20% renewable content in PG products by 2025

• Major expansion of eco-friendly production facilities in Mexico

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1️⃣ 10. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: All Grades of PG (Industrial, Food, Pharmaceutical), Bio-PG

Dow leads the global propylene glycol market as a top producer, offering a full spectrum of grades for diverse applications from food preservatives to pharmaceutical excipients and industrial solvents. With an extensive portfolio and innovation centers worldwide, Dow drives market growth through superior product purity and customer-centric solutions.

Innovation and Sustainability Initiatives:

• End-to-end bio-based PG solutions for global manufacturers

• Strategic alliances with sustainability-focused organizations

Read Full Report: Propylene Glycol (PG) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Propylene Glycol Is Sustainable and Versatile

The propylene glycol market is experiencing steady evolution. While traditional petroleum-based production remains prevalent, the sector is channeling significant resources into bio-based alternatives, advanced purification techniques, and expanded applications in emerging fields like electronics and green chemistry.

📈 Key Trends Shaping the Market:

• Rapid adoption of bio-based PG in Europe and North America to meet sustainability mandates

• Regulatory emphasis on high-purity grades for food and pharma, with FDA and EU approvals accelerating compliance

• Digital optimization of supply chains for better demand forecasting and inventory management

• Strategic alliances between chemical producers and end-users for customized PG solutions

Read Full Report: Propylene Glycol (PG) Market – View in Detailed Research Report

The companies profiled here are not only supplying essential PG—they’re pioneering the sustainable evolution of the chemical landscape.