According to the propylene glycol procurement report, global consumption is driven by its versatile applications across various industries and services, including food and beverage, pharmaceuticals, cosmetics, and automotive. Its role as a solvent, humectant, and stabilizer in products like medicines, personal care items, and food additives boosts demand from buyers.
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Additionally, the expanding automotive industry relies on propylene glycol for antifreeze and de-icing solutions, as highlighted in propylene glycol sourcing. The growing demand for eco-friendly, bio-based propylene glycol also plays a role in its increasing consumption across various categories.
According to the propylene glycol procurement market report, the Asia Pacific region is a major consumer. The strong demand in this area is driven by rapid industrialization, growth in the food and beverage, pharmaceutical, and cosmetic sectors, as well as the increasing use of negotiation strategies in the automotive industry. In 2023, China's food production grew by 2.9% in value compared to 2022 driving strategic purchasing. Additionally, India's pharmaceutical sector, expected to grow at a rate of 10-12%, is projected to reach USD 100 billion by 2025, supported by its strong domestic category management.
According to the propylene glycol procurement report, the cost modeling of propylene glycol is mainly driven by the prices of key raw materials, especially propylene oxide, which comes from petroleum or natural gas. The production process, which involves reacting propylene oxide with water, is energy-heavy, and price fluctuations can affect overall pricing strategies.
Labor and operational costs, such as plant maintenance, equipment, and safety protocols, also impact cost modeling. Transportation and logistics costs are factors as well. According to the propylene glycol procurement market report, environmental regulations may raise costs due to compliance with sustainability, category management, and recycling standards. Demand from industries such as pharmaceuticals, food and beverage, and cosmetics can impact pricing, with higher demand from buyers pushing prices up.
According to the propylene glycol procurement report, prices fluctuate mainly due to changes in raw material costs and negotiation strategies, particularly with propylene oxide, which is influenced by oil and natural gas prices. Prices increase because of factors like supply chain disruptions, higher energy costs, pricing strategies, and rising demand in industries like food and beverage, pharmaceuticals, and cosmetics.
The growing demand for bio-based propylene glycol has also impacted price fluctuations, as these production methods tend to be more expensive. The propylene glycol procurement report states that while pricing models may rise during periods of high demand and production challenges, they can stabilise as market conditions evolve or when extra production capacity is added.
Procurement research for propylene glycol focuses on securing reliable, high-quality sources at competitive prices while ensuring a consistent supply and efficient sourcing. Companies often form long-term agreements with trusted suppliers to maintain price stability and effective negotiation strategies, especially given the material's critical role in industries like pharmaceuticals, food and beverage, and cosmetics.
There is an emphasis on procurement from suppliers who meet regulatory and environmental standards, particularly with the growing demand for sustainable and bio-based propylene glycol. According to the propylene glycol procurement report, efficient logistics are crucial for managing bulk transportation and reducing delays. To minimise risks from potential disruptions to services, category management strategies encourage businesses to diversify their supplier base and remain adaptable to changing market conditions.
Founded in 1897 and headquartered in Michigan, Dow is a leading materials science company serving high-growth markets like packaging, infrastructure, and mobility. With operations in 31 countries and around 35,900 employees, Dow generated sales of around USD 45 billion in 2023.
BASF SE, founded in 1865, conducts its operations via six business segments. These include Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. According to the propylene glycol procurement report, the company's shares are listed on the Frankfurt stock exchange (BAS) and as American Depositary Receipts (BASFY) in the United States.
Shell is a global group of energy and petrochemical companies with over 103,000 employees in around 70 countries, globally.With over 1 million commercial and industrial customers, and approximately 33 million customers at more than 47,000 Shell-branded retail service stations, the company is a customer-focused oganisation.
Repsol performs activities in the hydrocarbon sector throughout its entire value chain as well as activities for the generation and sale of electricity. The propylene glycol sourcing IT group includes approximately 500 companies, subsidiaries, joint ventures, and affiliates operating across 36 countries.
LyondellBasell was founded in 2007 and is headquartered in Texas, the United States. The company is a significant player in the global chemical industry. According to the propylene glycol procurement report, the company is one of the largest global producers of polymers and a leader in polyolefin technologies. It specialises in producing high-quality and innovative products for category management across sectors such as transportation, food safety, and healthcare.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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The market reached a volume of 3.24 MMT in 2025.
As per propylene glycol procurement report the industry is projected to grow at a CAGR of 5.00% between 2026 and 2031.
The propylene glycol procurement market is projected to grow to 4.34 MMT by 2031.
The global propylene glycol consumption is driven by its growing demand in food and beverage, pharmaceuticals, cosmetics, and automotive applications.
By application, the market is divided into unsaturated polyester resins, functional fluids, food, drug, and cosmetics, liquid detergent, paints and coating, and others.
The primary raw materials in the production of propylene glycol are propylene oxide and water.
Procurement best practices in the propylene glycol industry include maintaining a diversified supplier base to ensure consistent supply and mitigate risks related to production or transportation disruptions. Close collaboration with suppliers for forecasting demand and price stability, along with a focus on quality control.
The competitive landscape consists of Dow Inc., BASF SE, Shell PLC, Repsol S.A., Archer Daniels Midland Company, LyondellBasell Industries Holdings B.V., INEOS Group, ADEKA Corporation, Chaoyang Chemicals, Inc., and others.
The market is broken down into North America, Latin America, EMEA, APAC.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2031 |
| Growth Rate | CAGR of 5.00 from 2026 to 2031 |
| Regional Cost Structure | Key Cost Indicators, Cost Breakdown by Component |
| Raw Material Market Outlook | Raw Material Market Analysis, Mapping of Key Raw Material Suppliers, Availability of Raw Material by Region, Pricing Outlook of Key Raw Materials |
| Key Sourcing Strategies | Vendor/Supplier Selection, Price and Contract Model Structure, Sourcing Model, Negotiation Strategy |
| Supplier Analysis | Supplier Selection, Key Global Players, Key Regional Players, Supplier Profiles and SWOT Analysis, Innovation and Sustainability |
| Companies Covered | Dow Inc., BASF SE, Shell PLC, Repsol S.A., Archer Daniels Midland Company, LyondellBasell Industries Holdings B.V., INEOS Group, ADEKA Corporation, Chaoyang Chemicals, Inc., and others. |
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