Market Size of Monopropylene Glycol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Monopropylene Glycol Market Analysis
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.
