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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Grade Segment | Pharma Grade (IP), Industrial Grade |
| Application Segment | Unsaturated Polyester Resin (UPR), Polyester Fiber Production, Food Additive, Heat Transfer Fluid, Engine coolant, De-icing Fluids, Antifreeze Solutions, Pharmaceutical Solvents, Liquid Detergents, Paints & Coatings, Other Industrial |
| End Use Segment | Chemicals, Cosmetics & personal care, Pharmaceutical, Food & Beverage, Others |
|---|---|
| Packaging Type Segment | Drums, Tanks |
| Source Segment | Synthetic, Bio-based |
| By Distribution Channel Segment | Direct Sale, Indirect Sale |
| Regions & Countries |
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Growing demand for antifreeze and coolant applications in the automotive industry Increased use of MPG in the production of unsaturated polyester resins Rising demand for personal care products and cosmetics Expansion of the pharmaceutical industry, driving the use of MPG as a solvent and excipients
Fluctuating raw material prices impacting production costs Environmental concerns and regulations related to the use and disposal of MPG
Development of bio-based MPG as a sustainable alternative to petroleum-based MPG Growing applications of MPG in the food and beverage industry as a food additive and humectant
Country-level data · Company profiles · Editable dataset · Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual · E = Estimated · P = Projected · 🔒 Locked values require full access. Click headers to sort.
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The competitive landscape of the MPG market is influenced by factors such as technological advancements, regulatory compliance, and shifting consumer preferences towards eco-friendly solutions. Companies are increasingly investing in research and development to introduce advanced formulations and improve production efficiencies, thereby gaining a competitive edge in the global marketplace.
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.
October 2019: Dow Chemicals and a German specialty chemical firm named Evonic collaborated to bring the latest process for synthesizing propylene glycol from propylene and hydrogen peroxide.
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| DowDuPont | ••• | ••• | ••• | ••• |
| BASF | ••• | ••• | ••• | ••• |
| Huntsman | ••• | ••• | ••• | ••• |
| ADM | ••• | ••• | ••• | ••• |
| OLEON | ••• | ••• | ••• | ••• |
| Polioles | ••• | ••• | ••• | ••• |
| LyondellBasell | ••• | ••• | ••• | ••• |
| Repsol | ••• | ••• | ••• | ••• |
| INEOS | ••• | ••• | ••• | ••• |
| AGC Chemicals | ••• | ••• | ••• | ••• |
| Shell | ••• | ••• | ••• | ••• |
| ADEKA | ••• | ••• | ••• | ••• |
| SKC | ••• | ••• | ••• | ••• |
| PJSC Nizhnekamskneftekhim | ••• | ••• | ••• | ••• |
| PCC Rokita | ••• | ••• | ••• | ••• |
| Shandong Shida Shenghua Chemical | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →According to Cognitive Market Research, the global Monopropylene Glycol - MPG market size is USD 4124.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Monopropylene Glycol (MPG) is a colorless, odorless, and slightly viscous liquid that is chemically classified as a diol, specifically a propylene glycol. It is synthesized through the hydration of propylene oxide and is known for its low toxicity and high solubility in water. MPG is widely used across various industries due to its versatile properties, including its role as a humectant, solvent, and antifreeze agent. It is a key ingredient in numerous applications, ranging from automotive coolants and antifreezes to personal care products, food additives, and pharmaceuticals.The Monopropylene Glycol market is experiencing steady growth, driven by several dynamic factors. One of the primary drivers is the increasing demand in the automotive industry for efficient cooling systems, where MPG is a crucial component. Additionally, the expansion of the construction sector, particularly in developing regions, has amplified the need for unsaturated polyester resins (UPRs), of which MPG is a key raw material. The rise in personal care and cosmetics industries is also fueling the demand for MPG, owing to its application as a moisturizing agent and solvent. Moreover, the food and beverage industry’s reliance on MPG as a food additive and humectant is further boosting market growth.
For instance, in March 2022, theBraskem and Sojitz Corporation have collaborated to produce and market bioMPG (monopropylene glycol).
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| Grade | Pharma Grade (IP), Industrial Grade |
| Application | Unsaturated Polyester Resin (UPR), Polyester Fiber Production, Food Additive, Heat Transfer Fluid, Engine coolant, De-icing Fluids, Antifreeze Solutions, Pharmaceutical Solvents, Liquid Detergents, Paints & Coatings, Other Industrial |
| End Use | Chemicals, Cosmetics & personal care, Pharmaceutical, Food & Beverage, Others |
| Packaging Type | Drums, Tanks |
| Source | Synthetic, Bio-based |
| By Distribution Channel | Direct Sale, Indirect Sale |
| List of Competitors | DowDuPont, BASF, Huntsman, ADM, OLEON, Polioles, LyondellBasell, Repsol, INEOS, AGC Chemicals, Shell, ADEKA, SKC, PJSC Nizhnekamskneftekhim, PCC Rokita, Shandong Shida Shenghua Chemical |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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Cross-referencing against trade databases, customs records, financial filings, patent databases, and verified industry publications.
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