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).

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.

Product	Category	Region	Price
Propylene Glycol	Petrochemicals	USA	1560 USD/MT
Propylene Glycol	Petrochemicals	China	890 USD/MT
Propylene Glycol	Petrochemicals	Germany	1290 USD/MT

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.

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.

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 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.

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%

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.

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.

1,3 Propylene Glycol Market Outlook

The global 1,3 propylene glycol market size is projected to grow substantially from USD 2.3 billion in 2023 to an estimated USD 4.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.8% during the forecast period. This robust growth is driven by the increasing demand across various industrial sectors, particularly in pharmaceuticals, food and beverages, and automotive industries. The versatility of 1,3 propylene glycol as an intermediate chemical in numerous applications is a significant factor contributing to its market expansion.

One of the primary growth drivers of the 1,3 propylene glycol market is the rising demand for eco-friendly and sustainable products. The chemical industry is under increasing pressure to reduce its environmental footprint, and 1,3 propylene glycol, typically derived from renewable sources like glycerol, fits this trend perfectly. As governments worldwide implement stricter environmental regulations, industries are compelled to adopt greener alternatives, leading to higher adoption rates of 1,3 propylene glycol. Additionally, technological advancements in bioprocessing and the shift towards bio-based chemicals offer promising growth opportunities for this market.

The burgeoning pharmaceuticals sector is another significant growth factor for the market. 1,3 propylene glycol is widely used as a solvent and excipient in drug formulation, and its non-toxic nature makes it an ideal component in pharmaceutical products. With the global pharmaceutical industry witnessing exponential growth due to increased healthcare spending, the aging population, and the rise in chronic diseases, the demand for 1,3 propylene glycol is set to soar. Additionally, the ongoing research and development in drug delivery systems and formulations further bolster the market's growth prospects.

In the food and beverage industry, 1,3 propylene glycol serves as an additive, stabilizer, and moisture-preserving agent in various food products. The growing consumer preference for processed and convenience foods has led to an upsurge in demand for such additives, thereby driving the market for 1,3 propylene glycol. Moreover, the trend towards clean-label products, where manufacturers emphasize transparency and the use of fewer synthetic ingredients, is also propelling the demand for bio-based 1,3 propylene glycol in food applications. This shift aligns well with the increasing consumer awareness regarding health and wellness.

1,3-Butylene glycol, often used in the cosmetics and personal care industry, is gaining attention for its moisturizing properties and ability to improve skin texture. As consumers increasingly seek products that offer both efficacy and safety, 1,3-Butylene glycol is becoming a preferred ingredient in skincare formulations. Its role in enhancing the stability and shelf-life of cosmetic products aligns with the growing demand for high-performance personal care items. Furthermore, the trend towards natural and bio-based ingredients in the cosmetics industry is further driving the adoption of 1,3-Butylene glycol, as it is perceived as a safer alternative to traditional synthetic compounds.

Regionally, the market for 1,3 propylene glycol is witnessing significant growth across North America, Europe, and Asia-Pacific. North America holds a substantial share due to the presence of major pharmaceutical and food & beverage companies. Europe follows closely, driven by stringent environmental regulations and the growing demand for bio-based chemicals. In the Asia-Pacific region, rapid industrialization, urbanization, and the expanding automotive and construction sectors are key contributors to market growth. The region is expected to exhibit the highest CAGR during the forecast period, highlighting its immense potential for market players.

Grade Analysis

The 1,3 propylene glycol market is segmented by grade into Industrial Grade, Pharmaceutical Grade, and Food Grade. Industrial Grade 1,3 propylene glycol is primarily used in applications such as antifreeze, coolants, and industrial solvents. The growing industrial activities and the need for efficient cooling systems in various manufacturing processes are driving the demand for industrial-grade 1,3 propylene glycol. This segment is crucial for maintaining operational efficiency in manufacturing units, espec

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.

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.

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

Product	Category	Region	Price
Propylene Oxide	Feedstock	USA	1305 USD/MT
Propylene Oxide	Feedstock	China	1307 USD/MT
Propylene Oxide	Feedstock	Europe	1625 USD/MT

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.

1,3-Propylene Glycol Market size was valued at USD 15.21 Billion in 2023 and is projected to reach USD 28.21 Billion by 2030, growing at a CAGR of 9.24% during the forecast period 2024-2030.

Global 1,3-Propylene Glycol Market Drivers

The market drivers for the 1,3-Propylene Glycol Market can be influenced by various factors. These may include:

End-User Industries: The demand for 1,3-propylene glycol is frequently associated with its application in a number of end-user industries, including the food and beverage, cosmetics, pharmaceutical, and automotive sectors. The need for 1,3-propylene glycol may be influenced by developments or expansion in certain sectors. Consumer Trends: Since 1,3-propylene glycol is frequently used in the formulation of food and personal care goods, shifting consumer preferences and trends, such as an increasing desire for natural and organic products, may have an impact on the demand for this product. Regulatory Environment: The market may be impacted by laws governing the use of specific chemicals in various industries. Environmental and safety regulations may have an impact on how 1,3-propylene glycol is produced and used. Technological Advancements: The dynamics of the market may be impacted by improvements in production procedures or the creation of more sustainable and effective ways to manufacture 1,3-propylene glycol. Global Economic Factors: The demand for 1,3-propylene glycol may be impacted by factors such as GDP growth, inflation rates, and general industrial activity. A downturn in the economy may result in lower consumption in a number of industries. Supply Chain Dynamics: The availability and cost of 1,3-propylene glycol may be impacted by supply chain disruptions such as shortages of raw materials or difficulties with shipping. Competitive Landscape: The industry's general dynamics can be impacted by shifts in market share, the introduction of new competitors, mergers and acquisitions, and strategic alliances. Environmental and Sustainability Considerations: The need for eco-friendly or bio-based substitutes for conventional 1,3-propylene glycol may be fueled by growing environmental consciousness and a focus on sustainability.

The global propylene glycol market has been valued at US$ 4.66 billion in 2024, as revealed in the recently updated research study by Fact.MR. Worldwide sales of propylene glycol are analyzed to rise at a CAGR of 4.2% and reach US$ 7.03 billion by the end of 2034.

Report Attribute	Detail
Propylene Glycol Market Size (2024E)	US$ 4.66 Billion
Forecasted Market Value (2034F)	US$ 7.03 Billion
Global Market Growth Rate (2024 to 2034)	4.2% CAGR
South Korea Market Growth Rate (2024 to 2034)	6.7% CAGR
East Asia Market Share (2034F)	27.1%
Market Share of Bio-based Propylene Glycol (2034F)	74.7%
Key Companies Profiled	Chevron Phillips Chemical Company; Dow; ADEKA CORPORATION; Oleon NV; BASF SE; Royal Dutch Shell; Chaoyang Chemicals, Inc.; Sumitomo Chemical Co. Ltd.; AGC Chemicals; Exxon Mobil Corporation; Manali Petrochemical; China Petrochemical Corporation INEOS; SABIC; LyondellBasell Industries Holdings B.V.; Asahi Kasei Corporation; Huntsman International LLC.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 1.05 Billion
Growth Rate (2024 to 2034)	4.5% CAGR
Projected Value (2034F)	US$ 1.62 Billion

Attribute	China
Market Value (2024E)	US$ 648.8 Million
Growth Rate (2024 to 2034)	5.4% CAGR
Projected Value (2034F)	US$ 1.1 Billion

Attribute	Japan
Market Value (2024E)	US$ 349.7 Million
Growth Rate (2024 to 2034)	3.9% CAGR
Projected Value (2034F)	US$ 510.4 Million

Category-wise Insights

Attribute	Bio-based
Segment Value (2024E)	US$ 3.53 Billion
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 5.25 Billion

Attribute	Consumer Goods
Segment Value (2024E)	US$ 1.75 Billion
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 2.62 Billion

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.

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.

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 propylene glycol market attained a volume of 3.09 MMT as of 2024 and is anticipated to grow at a CAGR of 4.40% during the forecast period of 2025 to 2034. One of the main drivers of the propylene glycol market is the growth of the pharmaceutical and personal care industries. Propylene glycol finds extensive application as a solvent, emulsifier, and humectant in different formulations such as oral and topical drugs, skin care products, and cosmetics. The market is thus expected to reach a volume of nearly 4.75 MMT by 2034.

Market Overview:

The global propylene glycol market is expected to grow from USD 9.02 billion in 2017 to USD 14.06 billion by 2030, at a CAGR of 5.1% from 2017 to 2030. The growth of the market can be attributed to the increasing demand for propylene glycol from various end-use industries, such as the food industry, tobacco products, personal care products, and other applications. In addition, the growing demand for polypropylene across the globe is also fueling the growth of the global propylene glycol market.

Product Definition:

1 3 Propylene glycol is a colorless, nearly odorless, viscous liquid that is used as a humectant (attracts moisture to the skin), solvent, and preservative in food and cosmetic products. It is used in food, tobacco products, personal care products, and other applications. It is also used in the manufacture of polyester resins and other plastics.

Food Grade:

Food grade 1 3 propylene glycol is a clear, colorless liquid with a sweet odor. It is used as a food additive and in the manufacture of pharmaceuticals and other products. It is also used as a solvent in the printing and dyeing industries. Food-grade propylene glycol can be derived from ethylene oxide and vegetable oils such as soybean oil or palm oil.

Industrial Grade:

Industrial-grade propylene glycol is a colorless and highly viscous liquid that is used as a solvent in various industries. It has a high flash point and a low boiling point. Industrial-grade propylene glycol can be used as an antifreeze, de-icing agent, food ingredient, chemical intermediate, or reagent feedstock for the production of polyester resin.

Pharmaceutical Grade:

Pharmaceutical grade 1 3 propylene glycol is a type of propylene glycol that is used in pharmaceuticals. It is often more expensive than food grade 1 3 propylene glycol, and it may be subject to stricter safety and quality standards. It is often used in medications that are intended to be ingested, such as tablets and capsules.

Application Insights:

1,3-Propylene Glycol is used in the food industry as a preservative and flavoring agent. The global propylene glycol market volume for food applications was valued at USD 281.5 million in 2014 and is expected to witness significant growth over the forecast period due to its increasing use as a processing aid, carrier solvent, humectant, emulsifier, and sweetener. The product finds application in several tobacco products such as cigars & cigarettes on account of its sweetening properties which enhance their flavor. It is also used for manufacturing Snuff which forms an essential part of traditional cultures around the world including India, China, Japan, Africa, etc., owing to its anti-inflammatory & antidiabetic properties among others.

Regional Analysis:

North America was the largest market for 1 3 propylene glycol with a revenue share of over 35% in 2017. The region is expected to continue its dominance over the forecast period owing to high demand from various end-use industries including food and beverage, personal care, pharmaceuticals, and tobacco products. In North America, the U.S., Canada, as well as Mexico, are major consumers of propylene glycol due to the presence of a large number of manufacturers in these countries along with easy access to raw materials such as ethoxylates and vegetable oils used for manufacturing 1 3 PG solutions. Asia Pacific is anticipated to be one of the fastest growing markets for 1 3 propylene glycol on account of both volume and revenue growth owing to increasing product consumption across several end-use industries especially in developing countries such as China, India, Japan, South Korea, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Pakistan, etc.

Growth Factors:

• Increasing demand from end-use industries.
• Growing demand for propylene glycol in emerging countries.
• Rising prices of petrochemical feedstocks.
• Technological advancements in propylene glycol production processes.
• Stringent environmental regulations.

Report Scope

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Report Attributes	Report Details
Report Title	1 3 Propylene Glycol Sales Market Research Report