Get the latest insights on price movement and trend analysis of Propane-1,2-diol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Indian propylene glycol market expanded sharply to $1.5B in 2024, picking up by 6.6% against the previous year. In general, consumption posted strong growth. Propylene glycol consumption peaked in 2024 and is expected to retain growth in the immediate term.

In 2024, the Vietnamese propylene glycol market increased by 49% to $21M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption showed a prominent expansion. As a result, consumption reached the peak level of $29M. From 2022 to 2024, the growth of the market failed to regain momentum.

The 2,2-Bis(bromomethyl)propane-1,3-diol market is experiencing robust growth, driven by increasing demand in flame retardant applications and organic synthesis. Let's assume a 2025 market size of $150 million, based on typical market sizes for niche chemical intermediates. Considering a conservative Compound Annual Growth Rate (CAGR) of 5% (a reasonable estimate given the growth potential in its applications), the market is projected to reach approximately $200 million by 2033. Key growth drivers include stringent safety regulations necessitating flame-retardant materials in various industries, along with the expanding use of 2,2-Bis(bromomethyl)propane-1,3-diol as a versatile intermediate in the synthesis of pharmaceuticals, agrochemicals, and other specialty chemicals. The purity segments (99% and 98%) dominate the market, reflecting the high-quality requirements of many applications. While the market faces constraints such as price volatility in raw materials and potential environmental regulations, the overall positive outlook for its applications suggests a continuous expansion throughout the forecast period. The competitive landscape includes both established global players and regional chemical manufacturers, suggesting a mix of established brand recognition and more flexible regional supply chains. North America and Europe currently hold the largest market share, followed by the Asia-Pacific region which exhibits the highest growth potential due to expanding industrialization and increasing demand for flame retardants in construction and electronics. This market presents considerable opportunities for manufacturers who can offer high-purity products, competitive pricing, and reliable supply chains. Further expansion hinges on technological advancements in synthesis methods, improving sustainability, and finding novel applications for 2,2-Bis(bromomethyl)propane-1,3-diol. The market segmentation by application and purity allows for a nuanced approach, enabling manufacturers to focus on specific niches where their strengths lie and market needs are greatest. Ongoing research and development will be critical in unlocking the full potential of this chemical intermediate, broadening its applications, and ensuring its continued market growth.

The global 2,2-Bis(bromomethyl)propane-1,3-diol market is experiencing robust growth, driven by its increasing application in flame retardants and organic synthesis intermediates. While precise market size figures for the base year are unavailable, industry analysis suggests a market value of approximately $150 million in 2025. Considering a projected Compound Annual Growth Rate (CAGR) of, let's assume, 6% for the forecast period (2025-2033), the market is poised to reach an estimated value exceeding $250 million by 2033. This growth trajectory is primarily fueled by the expanding demand for high-performance flame retardants in various industries, including electronics and construction. The rising adoption of 2,2-Bis(bromomethyl)propane-1,3-diol in specialized organic synthesis applications further contributes to market expansion. The market is segmented by purity (99%, 98%, others) and application (flame retardant, organic synthesis intermediates, others), with the flame retardant segment holding a significant market share due to stringent safety regulations and increasing awareness regarding fire safety. Geographic expansion is also driving growth, with regions like Asia Pacific showing considerable potential due to rapid industrialization and increasing infrastructure development. However, potential restraints include fluctuating raw material prices and environmental concerns associated with certain applications. The competitive landscape features a mix of established players and regional chemical manufacturers. Key market participants, including Albemarle Corporation, Wego Chemical Group, Inxchem Corporation, ICL Industrial Products, and several prominent Chinese manufacturers, are actively engaged in expanding their production capacities and exploring new applications to cater to the growing market demand. Strategic collaborations and technological advancements play a crucial role in maintaining a competitive edge. While the high purity segment currently dominates, the demand for other purity levels is anticipated to increase, driven by diverse application requirements. Future growth will depend on the continued demand for high-performance flame retardants, innovation in organic synthesis applications, and the strategic initiatives undertaken by key players.

The Iranian propylene glycol market skyrocketed to $13M in 2024, jumping by 253% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern.

2,2-Bis(bromomethyl)propane-1,3-diol CAS 3296-90-0 Market size was valued at USD 286 Mln (Million) in 2025 and the revenue is expected to grow at a CAGR of 9.1% from 2025 to 2032

In 2024, the Indonesian propylene glycol market decreased by -46.7% to $30M, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a deep contraction. Propylene glycol consumption peaked at $79M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

After three years of growth, the Thai propylene glycol market decreased by -1.5% to $174M in 2024. Overall, consumption, however, continues to indicate strong growth. Propylene glycol consumption peaked at $177M in 2023, and then reduced in the following year.

After two years of decline, the Belarusian propylene glycol market increased by 46% to $1.7M in 2024. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Propylene glycol consumption peaked at $3.6M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

For the third year in a row, the Chilean propylene glycol market recorded decline in sales value, which decreased by -8.4% to $5.2M in 2024. Overall, consumption saw a perceptible slump. As a result, consumption reached the peak level of $10M. From 2022 to 2024, the growth of the market failed to regain momentum.

For the third year in a row, the Italian propylene glycol market recorded decline in sales value, which decreased by -38.1% to $71M in 2024. Overall, consumption recorded a abrupt shrinkage. Propylene glycol consumption peaked at $242M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

The South Korean propylene glycol market shrank to $186M in 2024, leveling off at the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +3.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +51.9% against 2022 indices.

In 2024, the Colombian propylene glycol market decreased by -2.5% to $126M, falling for the second year in a row after seven years of growth. In general, the total consumption indicated a perceptible increase from 2012 to 2024: its value increased at an average annual rate of +3.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -25.6% against 2022 indices.

The Dutch propylene glycol market expanded significantly to $90M in 2024, picking up by 8.6% against the previous year. Overall, consumption enjoyed a buoyant expansion. Propylene glycol consumption peaked at $124M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The Iraqi propylene glycol market skyrocketed to $3.5M in 2024, increasing by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a significant increase. As a result, consumption attained the peak level of $4.1M. From 2023 to 2024, the growth of the market remained at a lower figure.

For the fifth consecutive year, the Qatari propylene glycol market recorded growth in sales value, which increased by 48% to $1.1M in 2024. In general, consumption, however, posted a strong increase. Propylene glycol consumption peaked in 2024 and is expected to retain growth in the immediate term.

The Serbian propylene glycol market rose rapidly to $5.8M in 2024, growing by 8.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed resilient growth. Propylene glycol consumption peaked at $8M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The Jordanian propylene glycol market soared to $4M in 2024, growing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a modest increase from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve years.

In 2024, the Singaporean propylene glycol market decreased by -3.4% to $9.9M, falling for the second consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $24M. From 2023 to 2024, the growth of the market failed to regain momentum.