The mono-propylene glycol market is projected to witness steady growth between 2025 and 2035, driven by its increasing applications across various industries, including pharmaceuticals, food and beverages, cosmetics, and automotive.
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.
Several factors are contributing to the expansion of the monopropylene glycol market. The growing demand for non-toxic and biodegradable chemicals in food and pharmaceutical applications is a major driving force.
Additionally, the increasing use of mono propylene glycol in the production of unsaturated polyester resins (UPR), which are widely used in construction and automotive applications, is fueling market growth. The rise in demand for eco-friendly antifreeze and coolant formulations is also positively impacting the industry.
Despite its promising growth trajectory, the market faces challenges such as fluctuating raw material prices and stringent environmental regulations regarding chemical production. However, advancements in bio-based production technologies and increasing investment in sustainable chemical manufacturing processes are expected to mitigate these challenges and drive further market expansion.
Metric Overview
| Metric | Value |
|---|---|
| Market Size (2025E) | USD 4,172 million |
| Market Value (2035F) | USD 6,800 million |
| CAGR (2025 to 2035) | 5.0% |
As the focus on sustainability and eco-friendly product formulations continues to rise, coupled with growing applications across several end-use industries, the mono propylene glycol market is projected to register steady growth during the coming decade. Continuous technological advancements and the demand for bio-based alternatives also drive the market's growth.
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The mono propylene glycol market is dominantly held by North America due to the high demand from pharmaceuticals, food and beverage, and automotive industries. The USA and Canada are important contributors, benefitting from existing chemical manufacturing infrastructure and regulatory assistance for bio-based substitutes.
Market growth is driven by the rising use of mono propylene glycol in manufactured products such as antifreeze formulations, personal care products, and industrial applications. However, instability in raw material costs and regulatory conformity has challenges. In response, manufacturers are adopting bio-based production technologies and identifying supply chain strategies to limit reliance on petrochemical sources.
Europe, especially Germany, France and UK, is a stronghold market for mono propylene glycol due to more stringent environmental standards and increasing preference for sustainable chemical. In addition, the fact that the region has its well-developed pharmaceutical and cosmetics industries attracts the market growth even more.
Rising demand for bio-based mono propylene glycol owing to growing consumer preference towards bio-based products. Nevertheless, there are hurdles, including regulatory complexities and costly manufacturing. In order to deal with these companies are investing in the research and development of cost effective bio-based alternatives and forming key strategic partnerships to comply with changing sustainability standards.
The Asia-Pacific mono propylene glycol market is estimated to witness the highest growth owing to rapid industrialization, increasing pharmaceutical production, and rising demand in food and beverage applications. As usage expands in resin manufacturing, de-icing solutions, and personal care formulations, countries like China, India, Japan, and South Korea are experiencing substantial growth.
Market growth is further fueled by the growing demand for bio-based and environment-friendly chemicals. But raw material availability and price volatility are risks. Global manufacturers are working on regional production units, local supply chain organization, and renewable feedstock unlocking to match future market demand.
Challenges
Raw Material Price Volatility and Supply Chain Disruptions
Mono propylene glycol (MPG) is predominantly produced from petroleum-based feedstock’s that are a major avid by-product of propylene oxide. The cost of propylene oxide is highly sensitive to crude oil price fluctuations, refinery operations and political issues, coupled with the highly variable pricing of MPG.
Supply chain disruptions from transportation constraints, regulatory restrictions, and uncertainties associated with global trade also threaten consistency of supply and profit margins. To address these challenges, manufacturers will need to implement diversified sourcing strategies, alternative production methods based on bio-based materials, and longer-term contractual relationships with suppliers.
Opportunities
Growing Demand for Bio-Based MPG in Sustainable Applications
Increasing regulatory pressure along with consumer demand for bio-based products is driving adoption of bio-based mono propylene glycol market. Bio-based MPG, derived from renewable glycerine, is designed to provide a low-carbon footprint and comply with strict environmental industry regulations for markets as diverse as pharmaceuticals, personal care and food additives.
As sustainable manufacturing continues to gain momentum while green chemical solutions continue to proliferate, companies focused on bio-refining technologies, relationships with bio-based feedstock suppliers, and novel biodegradable MPG formulations will have compelling growth opportunities.
Between 2020 and 2024, there has been a gradual shift towards bio-based mono propylene glycol, owing to increasing environmental concerns and regulatory policies. But high production costs, limited availability of feedstock and technical barriers inhibited large-scale adoption of bio-MPG.
In the next decade from 2025 to 2035, the market will be underpinned by key emerging trends including bio-refining, advances in bio-refined MPG production from plant resources, and improvements in energy-efficient manufacturing techniques. The growth will be primarily led by demand from the pharmaceutical, food and personal care sectors, in addition to which increasing use of MPG in heat transfer fluids and de-icing solutions will drive the growth.
Market Shifts: A Comparative Analysis 2020 to 2024 vs. 2025 to 2035
| Market Shift | 2020 to 2024 Trends |
|---|---|
| Regulatory Landscape | Stricter environmental regulations on petrochemical MPG |
| Technological Advancements | Development of glycerin-based MPG production |
| Industry Adoption | Increasing use in pharmaceuticals and cosmetics |
| Supply Chain and Sourcing | Dependence on petroleum-derived propylene oxide |
| Market Competition | Dominated by petrochemical MPG producers |
| Market Growth Drivers | Growth in pharmaceuticals, food, and personal care |
| Sustainability and Energy Efficiency | Early-stage bio-MPG development |
| Consumer Preferences | Preference for cost-effective MPG solutions |
| Market Shift | 2025 to 2035 Projections |
|---|---|
| Regulatory Landscape | Government incentives for bio-based MPG production |
| Technological Advancements | Advancements in enzyme-catalyzed bio-refining techniques |
| Industry Adoption | Widespread adoption in eco-friendly industrial applications |
| Supply Chain and Sourcing | Diversification into bio-based raw materials |
| Market Competition | Emerging bio-based MPG startups and green chemical firms |
| Market Growth Drivers | Expansion of sustainable industries and green energy solutions |
| Sustainability and Energy Efficiency | Mainstream adoption of carbon-neutral MPG |
| Consumer Preferences | Shift toward sustainable, biodegradable MPG products |
Mono propylene glycol is widely used in food additives, pharmaceuticals and industrial and hence a significant market for mono propylene glycol is held by the United States. Companies are investing in sustainable production methods due to growing demand for bio-based alternatives and global environmental regulations. Aside from that, the automotive and aviation sectors are significant consumers, particularly for anti-icing and antifreeze applications.
| Country | CAGR (2025 to 2035) |
|---|---|
| United States | 4.7% |
The monopropylene glycol market in the UK is being driven by the increasing demand for environmentally friendly chemicals. Hence, market growth is increasing due to the trend towards sustainable and biodegradable products in the cosmetics, food, and industrial sectors. Additionally, the government’s emphasis on carbon reduction is prompting chemical manufacturers to adopt more environmentally friendly production processes.
| Country | CAGR (2025 to 2035) |
|---|---|
| United Kingdom | 4.3% |
The monopropylene glycol market in the European Union is expanding steadily, driven by stringent environmental regulations and a growing preference for renewable sources. Germany, France, and the Netherlands are major contributors, with the pharmaceutical, personal care, and food industries demanding more. The establishment of bio-based chemical production facilities throughout Europe is also pivotal to market development.
| Country | CAGR (2025 to 2035) |
|---|---|
| European Union | 4.5% |
The Japanese monopropylene glycol market is growing due to the extensive utilization of monopropylene glycol in various industrial applications, including lubricants, antifreeze, and chemical intermediates. Factors such as increased attention to green chemistry processes and the introduction of new, high-purity propylene glycol variants are driving market growth. Finally, Japan’s robust pharmaceutical industry is driving demand for pharmaceutical-grade monopropylene glycol.
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 4.4% |
South Korea is expected to have the growth of the mono propylene glycol market owing to its increasing applications in food, cosmetics, and pharmaceuticals. The country’s growing industrial sector is supporting demand, and consumers are becoming more aware of sustainable chemicals. Government measures that promote eco-friendly production methods are also spurring market growth.
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 4.6% |
Due to its applications in industrial manufacturing, food, and pharmaceutical formulations, the Mono Propylene Glycol (MPG) market is experiencing steady growth. MPG is a versatile organic compound prized for its low toxicity, hygroscopic properties, and chemical stability, which is why it is widely utilized across multiple industries.
Growing usage of unsaturated polyester resins (UPR), polyester fibers, and food additives is promoting the growth of this market substantially. Market growth in the future time is still going to develop due to regulatory approvals for food and pharmaceutical applications as well as the increasing demand for bio-based MPG alternatives.
Technical grade accounted for the largest segment of the market among the grades due to its extensive utilization in industrial and chemical production.
One of the major applications of technical grade MPG is its use in the production of unsaturated polyester resin (UPR), which is widely utilized in the marine, automotive, and construction industries. The advantage of UPR-based composite materials is their lightweight, anti-corrosion, and high mechanical strength, etc., and they are gaining traction in various industries. Growth in demand for fiberglass-reinforced plastics (FRP) and construction composites has been further propelling the consumption of technical grade MPG.
Apart from UPR production, technical-grade MPG is also used in polyester fiber manufacturing, a crucial component in the textile and packaging industries. This makes it a vital ingredient in the clothing, upholstery, and industrial fabrics industries, as its solvent properties and moisture retention capabilities improve polyester fiber flexibility and durability.
Food grade MPG growth is steady owing to its use as a food additive, humectant and emulsifier in processed foods, bakery products, dairy items and beverages. It is used to retain moisture and prevent ingredient separation, offering texture and shelf stability to consumable products. Additionally, the increasing prevalence of health-conscious consumers and the demand for packaged and convenience food products also tend to drive the market for food-grade MPG.
Pharmaceutical-grade MPG is a crucial ingredient in medicines, injectable drugs, and personal care products. It serves as a carrier for APis, solubilizer, and stabilizer in formulation of oral, topical and intravenous drugs. Key growth drivers for this segment include the growing prevalence of chronic diseases and the ever-widening scope of the global pharmaceutical industry.
With authorities like the FDA (USA Food and Drug Administration) and EFSA (European Food Safety Authority) continuing to approve MPG use in food and in pharmaceuticals, high purity MPG grades will be in demand.
Application segment of the mono propylene glycol market is expected to hold a very high percentage share owing to Polyether and production of unsaturated polyester resin (UPR) and polyester for the construction, automotive, marine, and textile industries.
UPR is widely used in applications such as fiberglass-reinforced plastics (FRP), composite materials, and coatings. The growing demand for lightweight, durable, and high-performance materials in industries such as automotive, aerospace, and infrastructure projects has been spurring the adoption of UPR-based composites, thereby driving MPG consumption. It is also expected to drive the growth of this segment, as the wind energy sector expands, since FRP components are a significant component of turbine blade recovery.
One of the main applications of MPG is its use in polyester fiber production, which serves the textile, packaging, and industrial fabric sectors. MPG is a key raw material in the synthesis of polyester resins and fibers, which are used in large volumes in the manufacture of clothing, textiles, including carpets, nonwoven fabrics, and home furnishings. The increase in demand for synthetic textiles and technological advancements in fibers are contributing to the growth of this market segment.
Food additive applications also help drive demand for MPG, particularly in emulsification, moisture retention, and food preservation. The increasing consumption of convenience foods, packaged foods, processed foods, frozen desserts, dairy products, and flavored products drives the adoption of MPEG in the food industry. As consumers increasingly demand longer shelf-life foods and better food texture, MPG, as a food additive, is likely to grow consistently.
However, the growing interest in sustainable and bio-based MPG development will create new business prospects for players operating in the mono propylene glycol market, enabling novel technological advancements and product innovations to emerge across key applications, further boosting their growth in the long term.
As a result, the monopropylene glycol market is gaining traction, growing at a steady pace across all major approaches. As a food additive, pharmaceutical excipient and industrial solvent, mono propylene glycol (MPG) has applications, which are widening its market. The top players are currently focusing on sustainability, bio-based manufacturing, and achieving higher purity levels to meet regulatory and consumer demands.
Market Share Analysis by Company
| 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% |
| Company Name | Key Offerings/Activities |
|---|---|
| Dow Chemical Company | Produces high-purity MPG for pharmaceutical, food, and industrial applications with a focus on sustainability. |
| BASF SE | Specializes in bio-based mono propylene glycol solutions to support eco-friendly production processes. |
| LyondellBasell Industries | Offers versatile MPG products catering to cosmetics, personal care, and antifreeze applications. |
| Huntsman Corporation | Develops high-performance MPG variants for automotive, HVAC, and chemical processing industries. |
Key Company Insights
Dow Chemical Company (20-24%)
One of the major companies in the mono propylene glycol market is Dow Chemical, providing various essential MPG, including high-purity MPG as well as pharmaceutical-grade MPG. Its commitment to sustainable, bio-based manufacturing and advanced refining processes maximizes competitive advantages.
BASF SE (15-19%)
BASF SE is a global leader in the MPG space, focusing on producing MPG in eco-friendly and bio-based ways. Its dedication to high-quality, sustainable MPG solutions strengthens its global impact.
LyondellBasell Industries (12-16%)
Whereas, LyondellBasell Industries targets multi-application MPG solutions in various sectors, including cosmetics, personal care, and antifreeze. Its cost efficiency and excellent performance MPG is one of the factors responsible for its growth in the market.
Huntsman Corporation (10-14%)
Huntsman Corporation is a leading manufacturer of high-performance MPG formulations for use in automotive cooling systems, HVAC, and industrial solvent applications. The company's innovations focus on formulation stability and performance enhancement, driving its market share.
Important Supporting Roles (30-40% Combined)
The mono propylene glycol market contains many emerging companies that are emphasizing sustainable production, cost-effective creation, and varied application ranges. Key players include:
The overall market size for the mono propylene glycol market was USD 4,172 million in 2025.
The mono propylene glycol market is expected to reach USD 6,800 million in 2035.
The demand for mono propylene glycol is expected to rise due to its increasing applications across industries such as pharmaceuticals, food & beverages, cosmetics, and automotive.
The top five countries driving the development of the mono propylene glycol market are the USA, Germany, China, Japan, and India.
Industrial-grade and food-grade mono propylene glycol are expected to command a significant share over the assessment period.
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