Global Market Research Reports

  Overview and Scope Propylene glycol is a water-absorbing synthetic liquid. Propylene glycol is typically used in the production of polyester compounds and as a base in deicing solutions. It works as an antifreeze in various sectors to avoid leakage that may result in propylene glycol getting in contact with food.   Sizing and Forecast The propylene glycol market size has grown strongly in recent years. It will grow from $4.45 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%.   The   growth in the historic period can be attributed to versatile applications, humectant and solvent properties, industrial manufacturing, food and beverage industry, pharmaceuticals and personal care..   The propylene glycol market size is expected to see strong growth in the next few years. It will grow to $6.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.   The growth in the forecast period can be attribute...