The Propylene Glycol market value in Finland stood at 24.248 Million Euros in 2023. From 2013 to 2023, the market saw fluctuating growth with several key turning points. The market initially declined significantly until 2014, then experienced weak growth and stabilization from 2015 to 2017. From 2018 onwards, the market demonstrated a consistent year-on-year positive trend, culminating in a near 15% increase between 2018 and 2023. The CAGR over the last five years was 5.84%.
For future trends, the forecast predicts a steady growth rate with a 5-year CAGR of 2.99% from 2024 to 2028, reaching a market value of 29.283 Million Euros. Future market trends to watch for include potential innovations in propylene glycol applications and increasing demand across various sectors such as pharmaceuticals, food, and automotive industries.
