Monopropylene Glycol Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Monopropylene Glycol Market is Segmented by Grade (USP Grade, Technical Grade, and Feed Grade), Applications (Polyester Resins, Functional Fluids, Human Food/Pharmaceuticals/Cosmetics, Liquid Detergents, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts for Monopropylene Glycol in volume (kilo tons) for all the above segments.

Market Snapshot

Monopropylene Glycol Market Overview
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: <5 %

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Market Overview

The global mono propylene glycol market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

The COVID-19 pandemic has affected the Monopropylene Glycol market in various ways, such as production halt, piling of stocks, blockage in the supply chain, and others. However, the situation has again returned to normal, and the market is recovering its losses and will be restored.

  • Over the short term, increasing demand for mono propylene glycol in the aviation, automotive, and pharmaceutical industries is expected to drive the market.
  • On the flip side, the side effects of using mono propylene in medicine are hindering the market's growth.
  • The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Scope of the Report

Monopropylene glycol (MPG) is a clear, colorless, and viscous liquid with a characteristic odor and has the formula C3H8O2. It is obtained by hydrating the propylene oxide. There are now two production methods in use: catalytic and non-catalytic. It is used in various industries from cosmetics, pharmaceuticals, agriculture, food, and others. The mono propylene glycol market is segmented by grade, end-user industry, and geography. By grade, the market is segmented into USP grade, technical grade, and feed grade. By applications (polyester resins, functional fluids, human food/pharmaceuticals/cosmetics, liquid detergents, and others). The report also covers the market size and forecasts for the mono propylene glycol market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

USP Grade
Technical Grade
Feed Grade
Polyester Resins
Functional Fluids
Human Food/Pharmaceuticals/Cosmetics
Liquid Detergents
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Usage of Polyester Resins

  • Monopropylene Glycol is a colorless, viscous, and odorless liquid, highly hygroscopic and miscible in all ratios with water, alcohols, esters, ketones, and amines. It has limited miscibility with halogenated hydrocarbons and is not miscible with aliphatic hydrocarbons.
  • Due to such characteristics, MPG is significantly used in manufacturing unsaturated polyester resins, which can be used further in producing items, such as small boats, water/chemical tanks, and pipes.
  • In the construction industry, various building materials are manufactured using unsaturated polyester resins, such as hobs for cookers, tiles for roofs, building panels, household structure composites, bathroom accessories, glass fiber reinforced plastic building products, and pipes, ducts, and tanks. Unsaturated polyester resins also find uses in adhesives and coatings, majorly wood coating and formulation.
  • According to Statista, China has become the largest construction market in the world. The construction sector in China was valued at USD 1,117.4 billion in 2021. The country's building industry grew rapidly as the government planned to focus on improving infrastructure in small and medium-sized communities.
  • Furthermore, in the United States, According to US Censor Bureau, the total spending on construction in April 2022 was estimated to be USD 1,744.8 billion, which is 12.3 % above the April 2021 estimate of USD 1,5553.5 billion, Which has stimulated the consumption of polyester resins. This has enhanced the demand for the market studied.
  • The Monopropylene Glycol market will likely grow globally during the forecast period due to all these factors.
Monopropylene Glycol Market - Segmentation

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy in terms of GDP. China and India are among the fastest emerging economies in the world.
  • China has one of the largest food industries in the world. According to the National Bureau of Statistics of China, China's national food industry made a total profit of 618.71 billion yuan from January to December 2021, an increase of 5.5% year on year. The food manufacturing industry contributed approximately 179.1 billion yuan to the total profits.
  • The pharmaceutical industry uses MPG as a solvent in oral, injectable, and topical formulations. India's domestic pharmaceutical business is anticipated to be valued at USD 42 billion in 2021, growing to USD 6D billion by 2024 and USD 120-130 billion by 2030, according to IBEF.
  • It's used as a moisturizer in the personal care business in make-up, shampoo, bubble bath, and baby wipes. According to Invest India, India's beauty and personal care product business is already worth USD 26.8 billion and is predicted to increase to USD 37.2 billion by 2025.
  • Monopropylene glycol is even often utilized in most personal lubricants in the vehicle. In the first nine months of 2021, the Asia-Oceania area produced 32.67 million total automobiles, up 11% from the same time in 2020.
  • Due to all such factors, the market for Monopropylene Glycol in the region is expected to have a steady growth during the forecast period.
Monopropylene Glycol Market - Regional Trends

Competitive Landscape

The Monopropylene Glycol market is consolidated in nature. Some of the major players in the market include (not in a particular manner) BASF, Shell plc, Dow, LyondellBasell Industries Holdings B.V, INEOC, and others.

Recent Development

  • In March 2022, Braskem and Sojitz Corporation have collaborated to produce and market bioMPG (monopropylene glycol). 
  • In April 2022, MOL and HELM have joined forces on the marketing of propylene glycols in Western Europe and overseas markets. The product range will include both technical and higher value-added mono propylene glycol and dipropylene glycol grades.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand in Aviation and Automotive Sector

      2. 4.1.2 Rising Demand in Pharmaceutical Industry

    2. 4.2 Restraints

      1. 4.2.1 Side Effects of MPG

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Grade

      1. 5.1.1 USP Grade

      2. 5.1.2 Technical Grade

      3. 5.1.3 Feed Grade

    2. 5.2 Applications

      1. 5.2.1 Polyester Resins

      2. 5.2.2 Functional Fluids

      3. 5.2.3 Human Food/Pharmaceuticals/Cosmetics

      4. 5.2.4 Liquid Detergents

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADM

      2. 6.4.2 ALDECO KRUP, S.L.

      3. 6.4.3 Arpadis

      4. 6.4.4 BASF

      5. 6.4.5 Braskem

      6. 6.4.6 Castor International


      8. 6.4.8 DOW

      9. 6.4.9 LyondellBasell Industries Holdings B.V

      10. 6.4.10 HELM AG

      11. 6.4.11 INEOS

      12. 6.4.12 Olean NV

      13. 6.4.13 SABIC

      14. 6.4.14 Shell plc

      15. 6.4.15 Sigma aldrich

      16. 6.4.16 Solventis

    5. *List Not Exhaustive

    1. 7.1 Increasing Demand for Biobased MPG

**Subject to Availability

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Frequently Asked Questions

The Monopropylene Glycol Market market is studied from 2017 - 2027.

The Monopropylene Glycol Market is growing at a CAGR of <5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

BASF, Shell plc, DOW, LyondellBasell Industries Holdings B.V, INEOS are the major companies operating in Monopropylene Glycol Market.

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