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

In Q3 2025, North America, the Propylene Glycol Price Index rose by 0.92% quarter-over-quarter, reflecting balanced supply. Check detailed insights for Europe and APAC.

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

Mono Propylene Glycol (MPG) Prices June 2023

Product	Category	Region	Price
Mono Propylene Glycol (MPG)	Petrochemicals	USA	3272 USD/MT
Mono Propylene Glycol (MPG)	Petrochemicals	China	175751 USD/MT
Mono Propylene Glycol (MPG)	Petrochemicals	Germany	3255 USD/MT

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.

Propylene glycol prices fell to $920/MT in Dec 2024. Explore YoY trends, 2025 forecasts, and supply-demand insights from Expert Market Research.

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 soared to $1.3B in 2024, with an increase of 33% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2024: its value increased at an average annual rate of +6.4% 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 -0.2% against 2022 indices.

The market was valued at USD 4,172 million in 2025 and is expected to reach USD 6,800 million by 2035, reflecting a compound annual growth rate (CAGR) of 5.0% over the forecast period.

Metric	Value
Market Size (2025E)	USD 4,172 million
Market Value (2035F)	USD 6,800 million
CAGR (2025 to 2035)	5.0%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	4.7%

Country	CAGR (2025 to 2035)
United Kingdom	4.3%

Country	CAGR (2025 to 2035)
European Union	4.5%

Country	CAGR (2025 to 2035)
Japan	4.4%

Country	CAGR (2025 to 2035)
South Korea	4.6%

Competitive Outlook

Company Name	Estimated Market Share (%)
Dow Chemical Company	20-24%
BASF SE	15-19%
LyondellBasell Industries	12-16%
Huntsman Corporation	10-14%
Other Companies (Combined)	30-40%

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 Glycol Market report segments the industry into Grade (Industrial, Food and Beverage, Pharmaceutical), Application (Flavoring Agent, Antifreeze and Deicer Agent, Unsaturated Polyester Resins, Chemical Intermediates, Other Applications (Antioxidants, Household Care, etc.)), End-User Industry (Transportation, Building and Construction, Food and Beverages, Personal Care, Pharmaceuticals, and more), and Geography.

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).

The global propylene glycol market size reached USD 4.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.02% during 2025-2033. The escalating demand across the food and beverages, pharmaceuticals, and personal care industries, the rise in consumer awareness for health and hygiene, surging demand for eco-friendly solutions, rapid technological innovations, and growing end-use industries are factors shaping the market's trajectory.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 4.5 Million
Market Forecast in 2033	USD 6.3 Million
Market Growth Rate 2025-2033	4.02%

IMARC Group provides an analysis of the key trends in each segment of the global propylene glycol market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on source, application, and end use industry.

In Q3 2025, North America, the Propylene Oxide Price Index fell by 4.45% quarter-over-quarter, reflecting weak downstream demand. Check detailed insights for Europe and APAC.

The Propylene Glycol Market size is expected to reach a valuation of USD 8.48 billion in 2033 growing at a CAGR of 6.5%. The Propylene Glycol market research report classifies market by share, trend, demand, forecast and based on segmentation.

Discover the booming liquid propylene glycol market! Explore its $2.5 billion (2025) valuation, 5% CAGR, key drivers in cosmetics, pharmaceuticals, and food, and regional insights. Understand market trends and future forecasts (2025-2033) in this comprehensive analysis.

The Propylene Glycol Market is estimated to be valued at USD 5.2 billion in 2025 and is projected to reach USD 9.5 billion by 2035, registering a compound annual growth rate (CAGR) of 6.3% over the forecast period.

Metric	Value
Propylene Glycol Market Estimated Value in (2025 E)	USD 5.2 billion
Propylene Glycol Market Forecast Value in (2035 F)	USD 9.5 billion
Forecast CAGR (2025 to 2035)	6.3%

The global biobased propylene glycol sales are on a steady upward trajectory, with a forecasted CAGR of 4.8% from 2024 to 2035. The value reached USD 4,533.0 million in 2023 and is projected to grow to USD 7,956.5 million by 2035. Historically, the industry saw a CAGR of 3.6%, and a 4.5% YOY growth is anticipated in 2025, with a value of USD 4,978.6 million.

Attributes	Key Insights
Estimated Size, 2025	USD 4,978.6 million
Projected Size, 2035	USD 7,956.5 million
Value-based CAGR (2025 to 2035)	4.8%

Category-wise Insights

Segment	Value Share (2025)
Corn-based propylene Glycol (by Source)	41.7%

Segment	Value Share (2025)
Unsaturated Polyester Resins (by Application)	30.6%

Semi-annual Market Update

Particular	Value CAGR
H1 2024	4.2% (2024 to 2034)
H2 2024	4.9% (2024 to 2034)
H1 2025	4.4% (2025 to 2035)
H2 2025	5.2% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
United States	6.5%
China	6.0%
Brazil	5.8%
India	5.5%
Germany	5.0%

The global propylene glycol market size was worth over USD 4.46 billion in 2025 and is poised to grow at a CAGR of around 6.1%, reaching USD 8.06 billion revenue by 2035, impelled by expanding pharmaceutical and personal care applications.

U.S. Propylene Glycol Market in terms of revenue was estimated to be worth USD 1.07 billion in 2024 and exhibiting a CAGR of 4.5% by 2034

Forecast: Propylene Glycol Market Size Volume in Finland 2023 - 2027 Discover more data with ReportLinker!