The global Propylene Glycol Market size was valued at approximately USD 4.66 Billion in 2024 and is projected to reach around USD 7.03 Billion by 2034, with a compound annual growth rate (CAGR) of about 4.23% during the forecast period from 2025 to 2034. This growth is attributed to the chemical's versatility across various industries such as pharmaceuticals, food and beverage, personal care, automotive, and construction. The market is driven by the increasing popularity of bio-based Propylene Glycol due to environmental sustainability and safe alternatives. The pharmaceutical and food industries are key drivers for the market, with PG being widely used in drug production and food processing. The construction and automotive industries also utilize PG for its beneficial properties. The rise in demand for personal care and cosmetic products further boosts the market for Propylene Glycol.