Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “India, Southeast Asia, Middle East & Africa Propylene Glycol Market” that contains the information from 2019 to 2035.
The India, Southeast Asia, Middle East & Africa Propylene Glycol Market is estimated to register a CAGR of 5.83% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the India, Southeast Asia, Middle East & Africa Propylene Glycol Market— SABIC, Dow, BASF, Manali Petrochemicals Limited, LyondellBasell Industries Holdings B.V., ADM, Vinipul Chemicals Private Limited, Aster Chemicals and Energy Pte. Ltd, Adeka Corporation and SKC.
India, Southeast Asia, Middle East & Africa Propylene Glycol Market Highlights
The India, Southeast Asia, Middle East & Africa Propylene Glycol Market is accounted for to register a CAGR of 5.83% during the forecast period and is estimated to reach USD 732.14 million by 2035.
A key opportunity shaping the future of the propylene glycol (PG) market across India, Southeast Asia, the Middle East, and Africa lies in the rapid expansion of emerging markets, which are unlocking new growth avenues for both local and international players. As industrialization accelerates, consumer markets deepen, and manufacturing capacities expand, demand for PG across multiple sectors—such as pharmaceuticals, personal care, food and beverages, construction, and automotive—is rising steadily. In India, for instance, the government’s push toward domestic pharmaceutical production under the “Atmanirbhar Bharat” initiative has led to a surge in demand for pharmaceutical-grade PG, which is used as a solvent in drug formulations. Simultaneously, the expanding middle class and increasing urbanization are fueling growth in cosmetics and processed foods—two significant end-user segments of PG. Moreover, India's emergence as a manufacturing hub for both domestic consumption and exports is incentivizing investments in upstream chemical production, including PG and its key feedstock, propylene oxide. Multinational corporations and regional players are now exploring greenfield and brownfield investments in India to localize production, reduce reliance on imports, and take advantage of relatively lower labor and operational costs.
In Southeast Asia, countries such as Indonesia, Vietnam, Malaysia, and Thailand are experiencing similar industrial expansion, bolstered by favorable government policies, foreign direct investment, and strong domestic demand. These nations are witnessing rapid growth in sectors like processed food, personal care, construction, and pharmaceuticals—all of which are heavy consumers of PG. The Middle East, particularly the Gulf Cooperation Council (GCC) countries, offers a unique opportunity driven by abundant feedstock availability, petrochemical infrastructure, and diversification efforts under long-term strategic visions such as Saudi Arabia’s Vision 2030 and the UAE’s industrial expansion plans. Africa, though in a relatively early stage of industrial development, represents a long-term growth frontier for the PG market. Rapid urbanization, rising disposable incomes, and an expanding population are driving growth in industries like food processing, healthcare, and consumer goods. Several African nations are improving their industrial policies, enhancing port infrastructure, and offering investment incentives to attract chemical and manufacturing players.
Segment Analysis
The India, Southeast Asia, Middle East & Africa Propylene Glycol Market has been segmented based on Grade, Source, End Users and Region.
The India, Southeast Asia, Middle East & Africa Propylene Glycol Market segmentation, based on Grade has been segmented into Industrial Grade and USP Grade. Among these, the Industrial Grade segment is projected to dominate the India, Southeast Asia, Middle East & Africa Propylene Glycol Market revenue through the projected period. Based on Source, the India, Southeast Asia, Middle East & Africa Propylene Glycol Market is segmented into Bio-Based and Petroleum Based. Among these, the Petroleum Based segment is projected to dominate the market revenue through the period.
The India, Southeast Asia, Middle East & Africa Propylene Glycol Market segmentation, based on End Users has been segmented into Food & Beverage, Automotive & Transportation, Personal Care & Cosmetics, Pharmaceutical, Building & Construction and Others. Among these, the Food & Beverage segment is projected to dominate the India, Southeast Asia, Middle East & Africa Propylene Glycol Market revenue through the projected period.
Region Analysis
By Region, the Propylene Glycol market is segmented into India, Southeast Asia and MEA. The Southeast Asia Propylene Glycol market holds considerable market share and is also forecasted to hold the largest share during the forecast period. The region represents a diverse and dynamically growing market for propylene glycol. In particular, Thailand and Singapore serve as central nodes for production and re-export within ASEAN. Regulatory shifts, trade agreements, and regional collaboration under platforms like the RCEP (Regional Comprehensive Economic Partnership) are facilitating smoother movement of PG and related chemicals.
Key Findings of the Study
- The India, Southeast Asia, Middle East & Africa Propylene Glycol Market is expected to reach 732.14 million by 2035, at a CAGR of 5.83% during the forecast period.
- Southeast Asia accounted for the fastest-growing market.
- Based on Grade, the Industrial Grade segment was attributed to holding the largest market in 2024.
- Based on Source, the Petroleum Based segment was attributed to holding the largest market in 2024.
- Based on End Users, the Food & Beverage segment was attributed to holding the largest market in 2024.
- SABIC, Dow, BASF, Manali Petrochemicals Limited, LyondellBasell Industries Holdings B.V., ADM, Vinipul Chemicals Private Limited, Aster Chemicals and Energy Pte. Ltd, Adeka Corporation and SKC are the key market players.
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