The global Monopropylene Glycol Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Grade (USP Grade, Technical Grade, Feed Grade), By Application (Polyester Resins, Functional Fluids, Pharmaceuticals, Liquid Detergents, Others).
The monopropylene glycol market is experiencing steady growth in 2024, driven by its versatile applications in industries such as pharmaceuticals, food and beverage, cosmetics, and automotive. Monopropylene glycol, also known as propylene glycol or PG, is a clear, odorless, and viscous liquid derived from propylene oxide. It serves as a multifunctional compound with properties such as solvency, viscosity control, and humectancy, making it valuable in various applications. In the pharmaceutical industry, monopropylene glycol is used as a solvent, excipient, and vehicle in drug formulations such as oral liquids, topical preparations, and injectables. Further, in the food and beverage industry, it is employed as a humectant, solvent, and stabilizer in food products, beverages, and flavorings to improve texture, shelf life, and sensory attributes. Additionally, in the cosmetics and personal care sector, monopropylene glycol is utilized in skincare products, hair care products, and cosmetics as a moisturizer, solvent, and carrier for active ingredients. Furthermore, in the automotive industry, it serves as an antifreeze agent, coolant, and hydraulic fluid in engine cooling systems and brake fluids to prevent freezing and corrosion. As industries prioritize safety, quality, and performance in their products and processes, the demand for high-quality monopropylene glycol is expected to growing, stimulating market expansion and fostering innovation in chemical manufacturing and applications.
The market report analyses the leading companies in the industry including ADM (Archer Daniels Midland), ALDECO KRUP S.L., Arpadis, BASF SE, Braskem SA, Castor International, Chem International Group, DOW INC, HELM AG, INEOS, LyondellBasell Industries Holdings B.V, Olean NV, Royal Dutch Shell plc, SABIC, Sigma aldrich, Solventis, and others.
A prominent trend in the monopropylene glycol market is the shift towards bio-based and renewable sources. With increasing concerns about environmental sustainability and carbon footprint reduction, there is a growing demand for bio-based alternatives to traditional petroleum-derived monopropylene glycol. Bio-based monopropylene glycol, derived from renewable feedstocks such as biomass, agricultural residues, and waste materials, offers environmental benefits such as reduced greenhouse gas emissions and decreased reliance on finite fossil fuel resources. Additionally, bio-based monopropylene glycol exhibits similar performance characteristics to its petroleum-based counterpart, making it suitable for use in various applications including pharmaceuticals, cosmetics, food additives, and industrial chemicals. The trend towards bio-based and renewable sources in the monopropylene glycol market reflects the industry's commitment to sustainability and drives innovation in production processes and product offerings.
The driver for the monopropylene glycol market is the growing demand from diverse end-use industries. Monopropylene glycol is a versatile chemical compound with applications across multiple sectors including pharmaceuticals, cosmetics, food and beverage, automotive, textiles, and antifreeze solutions. In the pharmaceutical and cosmetic industries, monopropylene glycol is used as a solvent, humectant, and emulsifier in various formulations such as creams, lotions, oral medications, and personal care products. In the food and beverage industry, it serves as a food additive, solvent, and flavor carrier. Additionally, monopropylene glycol is utilized as a coolant and antifreeze agent in automotive applications, as a moisture regulator in textiles, and as a component in industrial chemicals and solvents. The diverse range of applications and industries that rely on monopropylene glycol drives continuous demand growth and market expansion opportunities for manufacturers and suppliers.
A potential opportunity for the monopropylene glycol market lies in the development of high-purity and specialty grades. While monopropylene glycol is widely used in various industrial applications, there is a growing demand for high-purity grades with stringent quality standards and specifications. Specialty grades of monopropylene glycol tailored to specific end-use requirements, such as pharmaceutical, cosmetic, and food-grade applications, present opportunities for manufacturers to differentiate their products and cater to niche market segments. Additionally, there is an opportunity to innovate and develop specialty formulations of monopropylene glycol with enhanced properties such as improved stability, solubility, and bioavailability for specialized applications in pharmaceutical formulations, cosmetics, and food additives. By focusing on the development of high-purity and specialty grades, monopropylene glycol manufacturers can meet the evolving needs of customers in demanding industries, expand their market presence, and capture new growth opportunities in the competitive chemical market landscape.
The USP Grade segment is the largest segment in the Monopropylene Glycol market due to its extensive use in pharmaceutical, food, and cosmetic applications where purity and quality standards are paramount. USP (United States Pharmacopeia) Grade monopropylene glycol meets strict standards set by regulatory authorities for use in pharmaceutical formulations, food additives, and personal care products. In the pharmaceutical industry, USP Grade monopropylene glycol serves as a solvent, humectant, and stabilizer in various medications, oral suspensions, and injectable formulations. Additionally, it finds application as a solvent and carrier in food flavorings, extracts, and colorants, ensuring product safety and stability. Moreover, USP Grade monopropylene glycol is utilized in cosmetic and personal care products such as moisturizers, lotions, and oral hygiene products due to its moisturizing and solvent properties. The stringent quality requirements and diverse applications in regulated industries contribute to the dominance of the USP Grade segment in the Monopropylene Glycol market.
The Polyester Resins segment is the fastest-growing segment in the Monopropylene Glycol market, fuelled by the increasing demand for polyester resins in construction materials, automotive components, and consumer goods manufacturing. Monopropylene glycol serves as a key raw material in the production of polyester resins, which are widely used as binders, adhesives, and coatings in various applications. In the construction industry, polyester resins are utilized in composite materials for building panels, roofing materials, and decorative surfaces due to their durability, weather resistance, and versatility. Similarly, in the automotive sector, polyester resins are integral to the manufacturing of lightweight composite components such as body panels, interior trims, and structural parts, contributing to fuel efficiency and vehicle performance. Additionally, the demand for polyester resins is driven by their applications in consumer goods such as furniture, appliances, and sporting goods. As construction activities rebound, automotive production continues to grow, and consumer demand for durable and aesthetically pleasing products rises, the Polyester Resins segment is poised for rapid and sustained growth in the Monopropylene Glycol market.
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
ADM (Archer Daniels Midland)
ALDECO KRUP S.L.
Arpadis
BASF SE
Braskem SA
Castor International
Chem International Group
DOW INC
HELM AG
INEOS
LyondellBasell Industries Holdings B.V
Olean NV
Royal Dutch Shell plc
SABIC
Sigma aldrich
Solventis
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Monopropylene Glycol Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Monopropylene Glycol Market Size Outlook, $ Million, 2021 to 2032
3.2 Monopropylene Glycol Market Outlook by Type, $ Million, 2021 to 2032
3.3 Monopropylene Glycol Market Outlook by Product, $ Million, 2021 to 2032
3.4 Monopropylene Glycol Market Outlook by Application, $ Million, 2021 to 2032
3.5 Monopropylene Glycol Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Monopropylene Glycol Industry
4.2 Key Market Trends in Monopropylene Glycol Industry
4.3 Potential Opportunities in Monopropylene Glycol Industry
4.4 Key Challenges in Monopropylene Glycol Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Monopropylene Glycol Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Monopropylene Glycol Market Outlook by Segments
7.1 Monopropylene Glycol Market Outlook by Segments, $ Million, 2021- 2032
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
8 North America Monopropylene Glycol Market Analysis and Outlook To 2032
8.1 Introduction to North America Monopropylene Glycol Markets in 2024
8.2 North America Monopropylene Glycol Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Monopropylene Glycol Market size Outlook by Segments, 2021-2032
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
9 Europe Monopropylene Glycol Market Analysis and Outlook To 2032
9.1 Introduction to Europe Monopropylene Glycol Markets in 2024
9.2 Europe Monopropylene Glycol Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Monopropylene Glycol Market Size Outlook by Segments, 2021-2032
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
10 Asia Pacific Monopropylene Glycol Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Monopropylene Glycol Markets in 2024
10.2 Asia Pacific Monopropylene Glycol Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Monopropylene Glycol Market size Outlook by Segments, 2021-2032
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
11 South America Monopropylene Glycol Market Analysis and Outlook To 2032
11.1 Introduction to South America Monopropylene Glycol Markets in 2024
11.2 South America Monopropylene Glycol Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Monopropylene Glycol Market size Outlook by Segments, 2021-2032
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
12 Middle East and Africa Monopropylene Glycol Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Monopropylene Glycol Markets in 2024
12.2 Middle East and Africa Monopropylene Glycol Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Monopropylene Glycol Market size Outlook by Segments, 2021-2032
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
ADM (Archer Daniels Midland)
ALDECO KRUP S.L.
Arpadis
BASF SE
Braskem SA
Castor International
Chem International Group
DOW INC
HELM AG
INEOS
LyondellBasell Industries Holdings B.V
Olean NV
Royal Dutch Shell plc
SABIC
Sigma aldrich
Solventis
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Grade
USP Grade
Technical Grade
Feed Grade
By Application
Polyester Resins
Functional Fluids
Pharmaceuticals
Liquid Detergents
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Monopropylene Glycol Market Size is valued at $4.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.6% to reach $5.9 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
ADM (Archer Daniels Midland), ALDECO KRUP S.L., Arpadis, BASF SE, Braskem SA, Castor International, Chem International Group, DOW INC, HELM AG, INEOS, LyondellBasell Industries Holdings B.V, Olean NV, Royal Dutch Shell plc, SABIC, Sigma aldrich, Solventis
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume