During the first quarter of 2025, the propylene glycol prices in the USA reached 1560 USD/MT in March. The demand for propylene glycol from sectors including food processing, cosmetics, and pharmaceuticals has moderated, with buyers exercising caution in the face of inflationary worries and economic uncertainty. Prices are impacted by this poor demand picture, especially since many purchasers chose to use their current inventory rather than place new purchases.

Explore IMARC’s newly published report, titled “Propylene Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of propylene glycol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

Why did the Propylene Glycol Price Change in July 2025? The Price Index for Propylene Glycol Pharma Grade stood at USD 1484/MT in April 2025, reflecting a sharp decline due to weak international demand and elevated inventories.

The upstream raw material propylene oxide price decreased throughout the second quarter in the North American region. The polypropylene Glycol price declined due to the region's reduced raw materials.

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.

The price of mono propylene glycol (MPG) in the USA reached 3272 USD/MT in June 2023.

Mono Propylene Glycol (MPG) Prices June 2023

Explore IMARC’s newly published report, titled “Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of mono propylene glycol (MPG) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Discover the 2023 price trends of propylene glycol influenced by raw material costs, global economic conditions, and supply dynamics. Understand how geopolitical tensions, production changes, and sustainability practices impact this versatile chemical used across industries.

Mono Propylene Glycol (MPG) Prices had erratic market sentiment in the North American region during the fourth quarter of 2022.

The propylene oxide prices in the United States for Q4 2023 reached 1305 USD/MT in December. The market was stable initially but fell as the quarter progressed due to lower feedstock propylene costs and weak energy prices. Additionally, despite subdued construction demand, commercial construction saw a rise in polyurethane procurement. Consumer spending remained robust, particularly in pharmaceuticals, driven by rising healthcare prices. Towards the quarter’s end, prices increased slightly due to higher shipping costs.

Propylene Oxide Prices December 2023

Explore IMARC’s newly published report, titled “Propylene Oxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of propylene oxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The average price of propylene amounted to some *** U.S. dollars per metric ton in 2023, down from *** dollars per metric ton one year earlier. Production and uses of propylene Propylene, also known as propene, ranks as the second most-consumed primary petrochemical worldwide, only after ethylene. In 2022, propylene accounted for ** percent of the global primary petrochemical consumption. Most of the propylene produced is used to manufacture polypropylene, one of the most common thermoplastic materials used today. The petrochemical compound is also used extensively as a building block to produce diverse chemicals such as isopropyl alcohol, propylene oxide, acrylonitrile, and acrylic acid. In 2020, the global production capacity of propylene stood at *** million metric tons. Polypropylene market The market volume of polypropylene is forecast to follow an increasing trend during the next years, reaching approximately 100 million metric tons by 2029. Similarly, the market value of the compound is expected to increase by more than ** percent in 2029 in comparison with 2021. Similarly to the development of the price of propylene during the last year, the average price of polypropylene in 2023 showed a small decrease in comparison with 2022.

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

After two years of decline, overseas shipments of propylene glycol (propane-1,2-diol) increased by 21% to 123K tons in 2023.

Polypropylene fell to 6,941 CNY/T on August 29, 2025, down 0.26% from the previous day. Over the past month, Polypropylene's price has fallen 3.13%, and is down 8.60% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polypropylene.

¿Por qué cambió el precio del glicol propileno en julio de 2025? El Índice de Precios para Propylen Glycol Pharma Grade se situó en USD 1484/MT en abril de 2025, lo que refleja una fuerte disminución debido a la débil demanda internacional y al aumento de los inventarios.

Why did the Propylene Oxide Price Change in July 2025? The Propylene Oxide (PO) Price Index in the U.S. trended consistently lower in Q2 2025, with only a brief rise in early April on tightening inventories, followed by steady declines through May and June as weak demand and surplus supply drove bearish sentiment.

According to Cognitive Market Research, the global Propylene Glycol Methyl Ether Acetate - PGMEA market size will be USD 986.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 394.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 295.98 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 226.92 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 49.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 19.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
In PGMEA, electronics has the largest market share in 2023.

Market Dynamics of Propylene Glycol Methyl Ether Acetate - PGMEA Market

Key Drivers for Propylene Glycol Methyl Ether Acetate - PGMEA Market

Increasing demand from the automotive industry: Rising demand from the automotive sector is one of the major pressures for driving the market of propylene glycol methyl ether acetate. Propylene glycol methyl ether acetate has high usage in automotive paints and coatings because of its highly efficient evaporation rate and low toxicity. The automotive industry started demanding coatings and paints with a superior quality as the sector began to extend its global reach. PGMEA is a blend of effective, high functionality solvents that the automotive industry is currently demanding on a large scale, and that makes it set to increase the graph for PGMEA manufacturers. The applicability of PGMEA in automotive for a multitude of applications has placed it majorly as the main driver propelling the growth trajectory of the market, which could be visible prominently.

Growing usage in the electronics sector: The increasing use of Propylene Glycol Methyl Ether Acetate (PGMEA) in the electronic sector is a another major growth enabler for the market. PGMEA is a solvent extensively used as the major component in the electronics industry for making semiconductors, cleaning agents, and solvents for cleaning electronic components. These high-grade solvents will see high demand owing to greater consumption by users in electronic devices and with technology improvements inducing innovations in the electronic sector. The properties of PGMEA, such as its efficiency in bonding electronic components and its compatibility with the use of delicate materials, would make it the chosen solvent in the electronics manufacturing subsector. This growing use in the electronics sector plays a big part in the expansion and growth of the PGMEA market.

Key Restraints for Propylene Glycol Methyl Ether Acetate - PGMEA Market

Fluctuating raw material prices: Fluctuating raw material prices restrain the market growth of propylene glycol methyl ether acetate. The variation in the prices of the raw materials used to produce PGMEA directly influences the overall production cost of the manufacturers. Unstable raw material prices results in unstable production costs since there is always a change in the profit margin and pricing strategies. As a result, the cost may not be efficiently manageable by manufacturers, and the product prices may also become very difficult to predict. Thus, this price uncertainty of raw materials may hinder the market growth by causing instability in the supply chain and reducing the competitiveness of PGMEA products in the market.

Key Trends for Propylene Glycol Methyl Ether Acetate - PGMEA Market

Advancements in High-Performance Electronics Applications: The industry is shifting from conventional lithography to more sophisticated applications. PGMEA is being customized for the upcoming generation of semiconductor manufacturing techniques, including extreme ultraviolet (EUV) lithography, as well as in the creation of organic light-emitting diodes (OLEDs) for flexible display technologies. Research efforts are concentrated on ultra-hig...

According to Cognitive Market Research, the global Propylene Oxide market size will be USD 18.7 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. Market Dynamics of Propylene Oxide Market

Key Drivers for Propylene Oxide Market

Expansion of the Personal Care and Pharmaceutical Industries - Propylene oxide is a critical ingredient in the production of various glycols, such as propylene glycol, which is widely used in personal care products and pharmaceuticals. The personal care industry benefits from the use of propylene glycol in products like lotions, shampoos, and deodorants due to its moisture-retaining properties. In the pharmaceutical industry, propylene glycol serves as a solvent in oral, injectable, and topical medications. The increasing consumer awareness regarding personal hygiene and healthcare, coupled with the rising global population and aging demographics, is propelling the growth of the personal care and pharmaceutical sectors.
The rising demand for polyether polyols in the manufacturing of flexible foams is anticipated to drive the Propylene Oxide market's expansion in the years ahead.

Key Restraints for Propylene Oxide Market

The hazardous nature of propylene oxide, posing health risks and environmental challenges, restricts its widespread use.
The market also faces significant difficulties related to volatile raw material prices.

Key Trends for Propylene Oxide Market

Shift Towards Sustainable Production Methods

There is a growing trend towards adopting more sustainable and bio-based production technologies for propylene oxide. Manufacturers are exploring alternative processes that reduce environmental impact and improve safety.

Technological Advancements in Production Processes

Innovations in production technologies, such as the development of more efficient catalysts and reaction processes, are enhancing the yield and cost-effectiveness of propylene oxide production.

Strategic Market Expansion and Partnerships

To mitigate overcapacity and market challenges, companies are forming strategic partnerships and expanding into emerging markets. This approach helps diversify their market presence and reduce dependency on saturated regions. Introduction of the Propylene Oxide Market

The Propylene Oxide Market is a dynamic sector driven by the increasing demand for this versatile chemical compound used in various applications. Propylene oxide, a key intermediate in the production of polyether polyols and propylene glycol, plays a crucial role in manufacturing polyurethane foams, antifreeze, and solvents. Its applications span across industries such as automotive, construction, and consumer goods. The market is buoyed by the growing automotive and construction sectors, which require propylene oxide-based products for durability and performance enhancements. Technological advancements in production processes, including more efficient and environmentally friendly methods, are also contributing to market growth. However, challenges such as volatile raw material prices and environmental regulations impact market dynamics. As industries continue to expand and innovate, the Propylene Oxide Market is expected to experience steady growth, driven by ongoing demand for high-performance materials and sustainable solutions.

Bio-Based Propylene Glycol Market Outlook

According to our latest research, the global bio-based propylene glycol market size reached USD 6.2 billion in 2024, reflecting a robust growth trajectory driven by increasing demand for sustainable and eco-friendly chemicals. The market is projected to expand at a CAGR of 8.1% during the forecast period, culminating in a forecasted market size of USD 11.6 billion by 2033. This remarkable growth is largely attributed to stringent environmental regulations, rising consumer awareness regarding green products, and the ongoing transition of major industries toward renewable and bio-based raw materials.

One of the primary growth factors propelling the bio-based propylene glycol market is the global shift towards sustainability and the reduction of carbon footprints across various industries. As governments worldwide implement stricter environmental regulations, manufacturers are increasingly compelled to adopt bio-based alternatives over traditional petrochemical-derived products. The bio-based propylene glycol market is benefitting from this trend, as it offers a viable, environmentally friendly substitute with comparable performance characteristics. Furthermore, consumer preferences are swiftly evolving toward products that are labeled as “natural” or “eco-friendly,” which is pushing manufacturers in sectors such as cosmetics, personal care, and food & beverages to integrate bio-based propylene glycol into their formulations. This shift is not only a response to regulatory pressure but also a proactive measure to capture a growing market segment that prioritizes sustainability.

In addition to regulatory and consumer-driven factors, technological advancements in the production of bio-based propylene glycol are significantly contributing to market expansion. Innovations in biotechnological processes, particularly those involving fermentation and catalytic conversion of renewable feedstocks like glycerin, sorbitol, corn, and sugarcane, have enhanced yield efficiencies and reduced production costs. The integration of advanced process technologies has made it feasible for manufacturers to achieve economies of scale, thereby making bio-based propylene glycol more cost-competitive with its petroleum-based counterpart. Additionally, the development of high-purity grades suitable for sensitive applications in pharmaceuticals and food & beverages has further broadened the market’s application spectrum, cementing its role as a versatile and sustainable ingredient.

Another notable growth driver for the bio-based propylene glycol market is the strategic partnerships and investments by major industry players. Leading chemical companies are increasingly forming alliances with agricultural producers and biotechnology firms to secure a steady supply of renewable feedstocks and to develop integrated value chains. These collaborations are fostering innovation, accelerating commercialization, and ensuring a consistent quality of bio-based propylene glycol. Moreover, government incentives and funding for green chemistry initiatives are providing additional impetus for research and development in this space, thereby reinforcing the market’s long-term growth outlook.

From a regional perspective, Asia Pacific remains the dominant force in the global bio-based propylene glycol market, supported by rapid industrialization, a burgeoning middle-class population, and increasing adoption of green technologies in countries such as China, India, and Japan. North America and Europe also represent significant market shares, propelled by stringent regulatory frameworks and heightened consumer awareness regarding sustainability. While Latin America and the Middle East & Africa are emerging markets, they are gradually catching up due to growing investments in bio-based chemicals and the increasing presence of multinational corporations seeking to expand their footprint in these regions. Overall, the regional landscape is characterized by a dynamic interplay of regulatory, economic, and technological factors that collectively shape the market’s evolution.

What is covered in the report about the “Italy Propylene Glycol (PG) Industry” GlobalData’s report, “Propylene Glycol (PG) Industry Outlook in Italy to 2020 – Market Size, Price Trends and Trade Balance”, provides up to date in-depth information on Italy’s Propylene Glycol (PG) industry. The report presents major market trends. The report offers historical and forecast market size, demand and production forecasts, end-use demand details, price trends, trade balance data. Note: This is an on-demand report and will be delivered within 4-5 working days of the purchase (excluding weekends). The report provides comprehensive coverage of all parameters of the Propylene Glycol (PG) industry. Propylene Glycol (PG) industry market dynamics in Italy from 2006 to 2020 Market size, demand and production outlook, demand by end-use sector, and average prices Trade balance data from 2006 to 2020 Import and export data and net exports and imports as a percentage of demand Key Reasons to Purchase “Propylene Glycol (PG) Industry Outlook in Italy to 2020” report provides you with: Latest information on Italy’s Propylene Glycol (PG) industry Opportunities in the Propylene Glycol (PG) industry Enables you to benchmark your operations and strategies against those of major companies The GlobalData Differentiation GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on market size, market trends, growth trends, competitive landscape, and future outlooks for markets and sectors. It helps in validating and strengthening secondary research findings. It further develops the analysis team’s expertise and market understanding. Primary research involves email interactions, telephone interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to: Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers, Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in petrochemicals markets. Coverage GlobalData aims to cover all major news events and deals in the petrochemical industry, updated on a daily basis. The coverage is further streamlined and strengthened with additional inputs from GlobalData’s expert panel (see below). Expert Panel Validation GlobalData uses a panel of experts to cross-verify research and forecast methodologies and drive its analytical content. The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from petrochemical companies; academics and geologists from research universities, consultants from venture capital funds and distributors/suppliers of petrochemicals goods and services. Custom Requirements Contact us to discuss the areas of your business where you need external input, and we will work with you to identify the strongest way forward to meet your needs. Read More

The global market size of Polypropylene Glycol updated version is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Polypropylene Glycol updated version Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Polypropylene Glycol updated version industry. The key insights of the report:
1.The report provides key statistics on the market status of the Polypropylene Glycol updated version manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Polypropylene Glycol updated version industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Polypropylene Glycol updated version Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Polypropylene Glycol updated version as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Polypropylene Glycol updated version market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.