Europe Propylene Glycol Market Size Worth USD 1.92 Billion by 2034 | CAGR: 3.5%

The europe propylene glycol market size is expected to reach USD 1.92 Billion by 2034, according to a new study by Polaris Market Research. The report “Europe Propylene Glycol Market Size, Share, Trends, Industry Analysis Report: By Grade (Pharmaceutical & Food Grade, Industrial Grade), By Source, By End User, By Country – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Propylene Glycol is a colorless, odorless, and slightly viscous liquid used as a solvent, humectant, and preservative in various industries. It is commonly found in food, pharmaceuticals, cosmetics, and industrial applications like antifreeze and de-icing solutions.

Europe benefits from a strong ecosystem for research, development, and innovation, supported by both government funding and private investments. Chemical and industrial companies are constantly exploring new applications and production methods for propylene glycol, including low-emission processes and high-efficiency formulations. Universities, research institutes, and collaborative projects across countries foster technological advancements. This continuous innovation not only improves product performance and sustainability but also opens new markets within Europe for specialty applications in pharmaceuticals, cosmetics, and food processing driving long-term growth of the propylene glycol market.

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Europe's food and beverage sector is one of the most developed in the world, with a strong focus on safety, quality, and innovation. Propylene glycol is widely used as a food additive, preservative, and moisture-retaining agent in packaged foods, beverages, and bakery items. The growing popularity of convenience foods and ready-to-eat meals, particularly in urban areas, is contributing to increased usage. Furthermore, Europe's high regulatory standards such as EFSA approvals ensure consistent demand for food-grade propylene glycol, especially in processed foods, dairy products, and beverages.

Europe Propylene Glycol Market Report Highlights

• The pharmaceutical and food grade equipment segment is expected to grow at a CAGR of 3.4% during the forecast period, driven by Europe’s strict health, safety, and quality regulations, which demand high-purity and compliant formulations.
• In 2024, the pharmaceutical segment accounted for a notable 12.12% of total market revenue, supported by the region’s highly advanced and tightly regulated pharmaceutical industry, which drives consistent demand for pharmaceutical-grade propylene glycol.
• Germany led the global propylene glycol market in 2024, capturing a 23.30% share of global revenue, fueled by its strong industrial base, especially in the automotive and pharmaceutical sectors.
• France held an 18.37% revenue share within the European market in 2024, driven by expanding demand from the pharmaceutical, cosmetics, and processed food industries, all of which rely heavily on high-quality propylene glycol for various applications.
• The global key market players are Adeka Corporation; Archer-Daniels-Midland Company; Asahi Glass Co., LTD.; BASF SE; Dow Chemicals; Helm AG; Huntsman International LLC; INEOS Oxide Ltd.; LyondellBasell Industries Holdings B.V.; Royal Dutch Shell PLC; Sumitomo Chemicals; Temix Oleo S.R.L.

Polaris market research has segmented the Europe Propylene Glycol Market report based on grade, source, end user and Country:

By Grade (Revenue - USD Billion; Volume - Kilotons, 2020–2034)

• Pharmaceutical & Food Grade
• Industrial Grade

By Source (Revenue - USD Billion; Volume - Kilotons, 2020–2034)

• Petroleum-Based Propylene Glycol
• Bio-Based Propylene Glycol

By End User (Revenue - USD Billion; Volume - Kilotons, 2020–2034)

• Food and Beverage
• Automotive
• Personal Care and Cosmetics
• Chemical
• Pharmaceutical
• Construction
• Others

By Country Outlook (Revenue - USD Billion; Volume - Kilotons, 2020–2034)

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe