Pharmaceutical Grade Propylene Glycol Market
Pharmaceutical Grade Propylene Glycol Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Pharmaceutical Grade Propylene Glycol Market Size and Growth
The Pharmaceutical Grade Propylene Glycol market is experiencing robust growth due to increasing demand in pharmaceuticals, cosmetics, and food sectors. The market size is projected to reach approximately USD 600 million by 2025, driven by rising health awareness and the expanding application scope of propylene glycol in various industries.
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Companies Covered
(Covid 19 Impact Covered)
◍ Dow
◍ Huntsman
◍ ADM
◍ Polioles
◍ Lyondell Basell Industries
◍ Repsol
◍ BASF
◍ Oelon
◍ Sumitomo Chemical
◍ Asahi
◍ ADEKA
◍ SKC
◍ Shell
◍ Shandong Shida Shenghua Chemical
◍ Tongling Jintai Chemical
◍ CNOOC and Shell Petrochemicals
◍ Hi-tech Spring Chemical
The pharmaceutical grade propylene glycol market features key players like Dow, Huntsman, and BASF, focusing on high-purity production for pharmaceuticals and cosmetics. These companies enhance market growth through innovation, strategic partnerships, and expanding manufacturing capabilities. Sales revenues include: Dow (~$43B), BASF (~$78B), and ADM (~$85B).
◍ Daze Group
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Market Segmentation
By Application
◍ Drug
◍ Local Anesthetic
◍ Vitamins and Hormones
◍ Preservatives
◍ Vaccine
◍ Other
By Product
◍ Petroleum-based Pharmaceutical Grade Propylene Glycol ◍ Bio-based Pharmaceutical Grade Propylene Glycol
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Market Growth
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$ X Billion USD
