The propylene glycol market size is projected to reach USD 4.7 billion by 2024, from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing automotive industry in APAC and eco-friendly production process of bio-based propylene glycol are expected to drive the market during the forecast period.
https://www.expertmarketresearch.com/reports/propylene-glycol-market
The propylene glycol market size is projected to reach USD 4.7 billion by 2024, from USD 3.8 billion in 2019, at a CAGR of 4.4%. The growing automotive industry in APAC and eco-friendly production process of bio-based propylene glycol are expected to drive the market during the forecast period. https://www.expertmarketresearch.com/reports/propylene-glycol-market
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Global Propylene Glycol Market Report and Forecast 2021-2026
The global propylene glycol market demand reached a volume of around 2.72 million metric tons in 2020. The demand is projected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.4%. The market demand is expected to reach an estimated volume of 3.5 million metric tons by 2026. The demand is driven by the growing personal and household care industries in almost all the regions like the Asia Pacific, North America, and Europe, among others. The demand growth in these markets is also supporting the growth of the propylene glycol market.
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