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.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1649.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2393.7 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 948.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 206.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 82.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7%from 2024 to 2031.
The dominating category in the Monopropylene Glycol (MPG) market is synthetic MPG. Synthetic MPG is widely produced through chemical processes from petroleum-based feedstocks, ensuring consistent quality, purity, and cost-effectiveness.
