The propylene glycol market size in Finland has seen significant fluctuations over the years, with noticeable declines around the mid-2010s and a gradual recovery thereafter. From 2012 to 2014, the market faced a period of contraction, with values decreasing annually. A recovery commenced in 2015, with minor fluctuations until 2019. The most substantial growth occurred between 2020 and 2021, with year-on-year increases of 8.65% and 7.96%, respectively. Despite a slight decrease in 2022, the compound annual growth rate (CAGR) over the last five years stood at 4.45%.
Key future trends to watch for include potential advancements in bio-based propylene glycol production, increased demand from emerging applications in pharmaceuticals and cosmetics, and regulatory changes in the European Union that might affect market dynamics. Additionally, technological advancements and sustainability driving shifts could further influence the market trajectory.
