Monopropylene Glycol Market
By Source;
Synthetic and Bio-BasedBy Grade;
Food Grade and Technical GradeBy Application;
Food Pigment, Antifreezers, Industrial Coolants, Additive, Paints & Coatings, Liquid Detergents, Hand Sanitizers, Building Panels and OthersBy End-Use Industry;
Automotive -[Passenger Vehicles (PVs), Light Commercial Vehicles (LCVs) & Heavy Commercial Vehicles (HCVs)], Food & Beverage, Medical & Pharmaceutical, Building & Construction -[Residential, Industrial and Commercial & Infrastructural], Cosmetic & Personal Care [Skin Care, Hair Care and Nail Care], Chemicals and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Monopropylene Glycol Market Overview
Monopropylene Glycol Market (USD Million)
Monopropylene Glycol Market was valued at USD 10,803.58 million in the year 2024. The size of this market is expected to increase to USD 15,364.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.
Monopropylene Glycol Market
*Market size in USD million
CAGR 5.2 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.2 % |
Market Size (2024) | USD 10,803.58 Million |
Market Size (2031) | USD 15,364.62 Million |
Market Concentration | Medium |
Report Pages | 334 |
Major Players
- Royal Dutch Shell PLC
- LyondellBasell Industries N.V.
- Sumitomo Chemical Co., Ltd.
- The Dow Chemical Company
- Huntsman Corporation
- Archer Daniels Midland Company
- Adeka Corporation
- AGC Inc.
- Oleon NV
- Repsol
- Foodchem International Corporation
- SKC Korea
- Sadara Chemical Company
- INEOS Group of Holdings S.A.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Monopropylene Glycol Market
Fragmented - Highly competitive market without dominant players
The Monopropylene Glycol Market is witnessing steady expansion due to its wide adoption in industries such as food, cosmetics, pharmaceuticals, and chemicals. Nearly 45% of global consumption is linked to its use as a humectant and solvent, supporting product stability and performance. Its low toxicity and versatile applications continue to drive demand across diverse end-use sectors.
Key Drivers Accelerating Growth
Growing emphasis on eco-friendly and safe ingredients has significantly boosted the demand for monopropylene glycol. Around 38% of cosmetic formulations now incorporate it as a base ingredient for moisturization and improved texture. Rising consumer inclination toward sustainable products further enhances its market position, making it a preferred choice over synthetic alternatives.
Innovations and Industry Advancements
Recent technological improvements in production methods have reduced energy consumption by almost 30%, ensuring cost efficiency and environmental benefits. The integration of bio-based sources has also gained traction, with over 25% of new production lines relying on renewable feedstocks. This shift highlights the market’s transition toward greener solutions.
Strategic Collaborations and Partnerships
Companies are increasingly investing in partnerships and innovation to strengthen their foothold. Approximately 40% of recent agreements in the chemicals sector have focused on enhancing production capacity and expanding distribution networks for monopropylene glycol. These collaborations underline the importance of scaling operations while meeting evolving customer needs.
Monopropylene Glycol Market Recent Developments
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In July 2021, the monopropylene glycol market experienced significant growth due to its expanding applications in the food and beverage sector, particularly in the production of low-calorie and sugar-free products.
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In January 2023, the demand for monopropylene glycol surged in the pharmaceutical and cosmetic industries, driven by its use in formulations for creams, lotions, and oral medications.
Monopropylene Glycol Market Segment Analysis
In this report, the Monopropylene Glycol Market has been segmented by Source, Manufacturing Process, Grade, Application, End Use and Geography.
Monopropylene Glycol Market, Segmentation by Source
The Monopropylene Glycol Market has been segmented by Source into Synthetic and Bio-based.
Synthetic
Synthetic grades dominate with nearly 78–80%. Widely applied in automotive coolants, construction materials, and industrial applications, they are preferred for their cost-effectiveness and consistent quality.
Bio-based
Bio-based alternatives account for around 20–22%. Driven by rising focus on sustainability and eco-friendly manufacturing, they are increasingly used in pharmaceuticals, food processing, and personal care products.
Monopropylene Glycol Market, Segmentation by Manufacturing Process
The Monopropylene Glycol Market has been segmented by Manufacturing Process into Hydrogen Peroxide Process, Propylene Oxide Process, and Methanol Carbonylation Process Source
Hydrogen Peroxide Process
The Hydrogen Peroxide Process contributes nearly 30–32%. Known for its clean production and reduced environmental impact, it is increasingly adopted in pharmaceuticals, cosmetics, and food-grade applications.
Propylene Oxide Process
The Propylene Oxide Process dominates with about 55–57%. Favored for its high efficiency and cost competitiveness, it is widely utilized in automotive, construction, and industrial formulations.
Methanol Carbonylation Process
The Methanol Carbonylation Process holds nearly 11–13%. Applied in specialized chemical manufacturing, it offers advantages in flexibility and scalability, though adoption remains limited compared to other methods.
Monopropylene Glycol Market, Segmentation by Grade
The Monopropylene Glycol Market has been segmented by Grade into Technical, Food and Pharmaceutical.
Technical
Technical grade represents around 55–57% of the market. It is primarily used in industrial applications such as coolants, de-icing fluids, and unsaturated polyester resins. Known for its cost efficiency and broad functionality, this grade continues to dominate demand in the automotive and construction sectors.
Food
Food grade holds nearly 28–30% share. It is widely applied as a humectant, solvent, and emulsifier in beverages, processed foods, and flavor formulations. With rising demand for packaged foods and convenience products, its usage is steadily expanding in the FMCG sector.
Pharmaceutical
Pharmaceutical grade accounts for about 13–15%. It plays a crucial role in drug formulations, topical applications, and personal care products. Due to its high purity and compliance with healthcare regulations, this grade is increasingly in demand across the pharma and cosmetics industries.
Monopropylene Glycol Market, Segmentation by Application
The Monopropylene Glycol Market has been segmented by Application into Unsaturated Polyester Resin (UPR), Polyester Fiber Production, Food Additive, Heat Transfer Fluid, Pharmaceutical Solvent, Liquid Detergent and Paints & Coating.
Unsaturated Polyester Resin (UPR)
UPR dominates with about 32–34% share. It is widely used in construction, automotive, and marine industries due to its excellent durability and resistance properties. Growing demand for lightweight composites continues to fuel its consumption globally.
Polyester Fiber Production
Polyester fiber accounts for nearly 18–20%. This application benefits from rising use in textiles, apparel, and home furnishings. Increased demand in the fashion industry and industrial fabrics supports its steady growth.
Food Additive
Food additive segment holds around 12–14%. It acts as a humectant, solvent, and emulsifier in beverages, flavors, and processed foods. Rising global consumption of packaged foods and FMCG products is boosting this demand.
Heat Transfer Fluid
Heat transfer fluids represent about 10–12%. They are extensively used in HVAC systems, industrial cooling, and renewable energy plants. The segment is gaining traction due to the focus on energy efficiency and sustainable thermal solutions.
Pharmaceutical Solvent
Pharmaceutical solvent contributes nearly 8–9%. It is critical in drug formulations, oral medications, and topical treatments. Its high purity and compliance with healthcare standards drive demand from the pharma sector.
Liquid Detergent
Liquid detergents account for around 7–8%. They utilize monopropylene glycol for its stability and solubility properties, enhancing the effectiveness of cleaning products. Increasing household and industrial cleaning needs further support this market share.
Paints & Coating
Paints and coatings hold about 6–7%. It is used as a solvent and stabilizer, improving adhesion and durability in protective layers. With growth in construction and automotive finishes, this application continues to expand steadily.
Monopropylene Glycol Market, Segmentation by End Use
The Monopropylene Glycol Market has been segmented by End Use into Chemicals, Cosmetics & personal care, Pharmaceutical, Food & Beverage and Others.
Chemicals
Chemicals dominate the end-use segment with about 35–37%. Monopropylene glycol is widely applied in resins, plasticizers, and industrial formulations. The growing demand in construction and automotive coatings continues to strengthen this segment’s share.
Cosmetics & Personal Care
Cosmetics & personal care account for nearly 18–20%. It is used as a humectant, solvent, and carrier in skin creams, lotions, and fragrances. Rising demand for premium skincare and beauty products drives consistent growth.
Pharmaceutical
The pharmaceutical segment contributes about 15–17%. It plays a key role in drug formulations, oral solutions, and injectables. Its high purity and regulatory compliance make it a preferred choice in the healthcare industry.
Food & Beverage
Food & beverage holds around 12–14%. It is applied as a stabilizer, flavor carrier, and moisture preserver in processed foods and beverages. Growth in the FMCG sector and rising demand for convenience products support this share.
Others
Others represent nearly 10–12%. This includes applications in paints, detergents, and textiles. Expanding use in industrial manufacturing and specialty products further contributes to overall market expansion.
Monopropylene Glycol Market, Segmentation by Geography
In this report, the Monopropylene Glycol Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Monopropylene Glycol Market Share (%), by Geographical Region
North America
North America accounts for about 23–25%. Growth is driven by strong demand in pharmaceuticals, cosmetics, and food processing. Increasing emphasis on sustainable chemical production further boosts regional consumption.
Europe
Europe holds nearly 26–28%. The region benefits from strict regulatory standards, advanced healthcare infrastructure, and rising use in specialty chemicals. Adoption of bio-based glycol is also gaining traction.
Asia Pacific
Asia Pacific dominates with around 36–38%. Rapid industrialization in China, India, and Southeast Asia fuels demand in UPR production, food & beverage, and construction materials.
Middle East & Africa
Middle East & Africa contribute about 6–7%. Expansion in construction, automotive coatings, and industrial chemicals supports steady market growth, though at a moderate pace compared to other regions.
Latin America
Latin America represents nearly 8–9%. Rising demand in Brazil and Mexico for food additives, detergents, and paints & coatings is fostering regional growth opportunities.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Monopropylene Glycol Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Versatile Applications
- Humectant Properties
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Non-Toxic Solvent : Monopropylene Glycol (MPG) stands out in the chemical market as a non-toxic solvent renowned for its versatility and safety profile. As a non-toxic solvent, MPG is widely favored across industries such as pharmaceuticals, cosmetics, and food processing, where stringent safety regulations and consumer preferences for clean-label products drive its demand. In pharmaceutical applications, MPG serves as a solvent for active pharmaceutical ingredients (APIs) in various formulations, ensuring efficient drug delivery while meeting strict purity and safety standards. Its non-toxic nature makes it ideal for use in medications intended for oral, topical, and parenteral administration, ensuring patient safety and compliance with regulatory requirements.
In the cosmetics and personal care industry, Monopropylene Glycol acts as a non-irritating solvent and humectant in skincare products, hair care formulations, and cosmetic preparations. Its ability to dissolve and stabilize active ingredients without causing skin irritation or adverse reactions is highly valued by consumers and formulators alike. MPG's non-toxic properties also make it a preferred choice in food and beverage applications, where it functions as a solvent for flavors and food colorings, as well as a humectant in products like baked goods and processed foods. Its inclusion helps maintain product quality and shelf stability while ensuring consumer safety and satisfaction.
In industrial applications, Monopropylene Glycol serves as a non-toxic coolant and hydraulic fluid, enhancing the efficiency and safety of machinery and equipment. Its ability to lower the freezing point of water without posing health risks or environmental hazards makes it suitable for use in diverse industrial processes. As industries worldwide prioritize sustainability and safety, MPG's role as a non-toxic solvent continues to expand, driven by its reliability, effectiveness, and compatibility with a wide range of applications across global markets.
Restraints
- Regulatory Compliance
- Price Volatility
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Environmental Concerns : Environmental concerns play a significant role in shaping the Global Monopropylene Glycol (MPG) Market, particularly due to its widespread use and potential impact on ecosystems. MPG, primarily derived from fossil fuel sources such as petroleum or natural gas, raises concerns related to carbon emissions and environmental sustainability. As a result, there is a growing emphasis on developing and adopting bio-based alternatives to traditional MPG, sourced from renewable biomass feedstocks like glycerol or biomass-derived sugars. These alternatives aim to mitigate the environmental footprint associated with MPG production and use.
The disposal and management of MPG waste products pose environmental challenges. Improper handling of MPG-containing waste streams can lead to soil and water contamination, affecting ecosystems and human health. Regulatory bodies worldwide impose strict guidelines on the disposal of chemical waste, including MPG, prompting industries to adopt advanced waste treatment technologies and sustainable practices to minimize environmental impact.
The global shift towards green chemistry and sustainable manufacturing practices encourages innovation in MPG production processes. Technologies such as catalytic conversion and bio-refining are explored to enhance MPG production efficiency while reducing energy consumption and greenhouse gas emissions. Sustainable sourcing practices for raw materials and efficient energy management throughout the MPG supply chain also contribute to addressing environmental concerns and promoting responsible stewardship of natural resources in the global MPG market.
Opportunities
- Sustainable Packaging
- Bio-based Alternatives
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Renewable Feedstocks : In the Global Monopropylene Glycol Market, there is a growing interest in renewable feedstocks as a sustainable source for production. Traditionally, Monopropylene Glycol (MPG) has been derived from fossil fuels through chemical processes. However, with increasing environmental awareness and regulatory pressures, there is a shift towards exploring renewable feedstocks such as bio-based glycerol and bioethanol. These renewable sources offer the potential to reduce the carbon footprint associated with MPG production and align with sustainability goals across various industries.
Bio-based glycerol, a co-product of biodiesel production, is gaining attention as a feedstock for MPG due to its abundance and relatively low cost compared to fossil-derived raw materials. Glycerol undergoes a series of chemical reactions to produce propylene glycol, the primary component of MPG. This process not only utilizes a renewable resource but also reduces dependence on finite fossil fuel reserves, contributing to a more sustainable supply chain for MPG.
Bioethanol, derived from renewable biomass sources such as sugarcane or corn, serves as another viable feedstock for MPG production. Ethanol can be converted into ethylene oxide, which is a key precursor in the synthesis of propylene glycol. By integrating bioethanol into the production process, manufacturers can achieve significant reductions in greenhouse gas emissions and promote a more circular economy approach to chemical manufacturing.
Monopropylene Glycol Market Competitive Landscape Analysis
Monopropylene Glycol Market is witnessing rapid evolution driven by advancements in chemical engineering, rising demand for eco-friendly solvents, and increasing focus on industrial sustainability. Adoption across food, pharmaceutical, and cosmetic applications has improved formulation efficiency by nearly 47%. Strategic collaboration among manufacturers, research institutes, and end-use industries is fostering innovation, enhancing product purity, and strengthening market adaptability.
Market Structure and Concentration
The market exhibits a semi-consolidated framework, with major producers accounting for around 58% of global output. Expanding merger activities, R&D collaboration, and integration of bio-based processes are boosting competitiveness. Companies are emphasizing innovation in renewable feedstocks and production optimization, supported by sustainable strategies that align with regulatory standards and environmental performance goals.
Brand and Channel Strategies
Producers are enhancing branding strategies and strengthening distribution channels to ensure reliability and accessibility. Roughly 52% of enterprises are adopting digital supply platforms and cross-sector collaboration to improve delivery efficiency. Targeted strategies integrating customer engagement, technical support, and quality assurance are driving long-term growth and reinforcing brand credibility across industrial applications.
Innovation Drivers and Technological Advancements
Cutting-edge technological advancements in catalytic hydrogenation and process automation have enhanced production yield by about 56%. Manufacturers are pursuing automation and bio-based innovation to develop low-carbon solutions. Continuous research in process intensification, green chemistry, and purification efficiency supports product diversification, ensuring reliable performance in high-quality formulations across multiple end-use industries.
Regional Momentum and Expansion
Rising industrialization and chemical expansion across emerging economies have elevated consumption levels by nearly 49%. Regional strategies centered on capacity expansion, logistics efficiency, and local production are improving responsiveness. Strengthened collaboration among chemical producers, technology licensors, and distributors ensures stable supply networks and greater resilience in fast-evolving industrial ecosystems.
Future Outlook
The future outlook emphasizes growing innovation in bio-based production, circular chemistry, and energy-efficient processing. With renewable integration projected to rise by nearly 54%, manufacturers are aligning strategies toward decarbonization and digital process control. Continued collaboration, R&D acceleration, and sustainable manufacturing practices will define the next phase of environmentally responsible and performance-driven growth.
Key players in Monopropylene Glycol Market include:
- BASF
- Shell
- Dow
- LyondellBasell
- INEOS
- Huntsman
- ADM
- Braskem
- Oleon
- SABIC
- Repsol
- Adeka
- AGC Chemicals
- SKC
- Polioles
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Source
- Market Snapshot, By Grade
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Monopropylene Glycol Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Versatile Applications
- Humectant Properties
- Non-Toxic Solvent
- Restraints
- Regulatory Compliance
- Price Volatility
- Environmental Concerns
- Opportunities
- Sustainable Packaging
- Bio-based Alternatives
- Renewable Feedstocks
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Monopropylene Glycol Market, By Source, 2021 - 2031 (USD Million)
- Synthetic
- Bio-Based
- Monopropylene Glycol Market, By Grade, 2021 - 2031 (USD Million)
- Food Grade
- Technical Grade
- Monopropylene Glycol Market, By Application, 2021 - 2031 (USD Million)
- Food Pigment
- Antifreezers
- Industrial Coolants
- Additive
- Paints & Coatings
- Liquid Detergents
- Hand Sanitizers
- Building Panels
- Others
- Monopropylene Glycol Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Automotive
- Passenger Vehicles (PVs)
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Food & Beverage
- Medical & Pharmaceutical
- Building & Construction
- Residential
- Industrial
- Commercial & Infrastructural
- Cosmetic & Personal Care
- Skin Care
- Hair Care
- Nail Care
- Chemicals
- Others
- Automotive
- Monopropylene Glycol Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Monopropylene Glycol Market, By Source, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF
- Shell
- Dow
- LyondellBasell
- INEOS
- Huntsman
- ADM
- Braskem
- Oleon
- SABIC
- Repsol
- Adeka
- AGC Chemicals
- SKC
- Polioles
- Company Profiles
- Analyst Views
- Future Outlook of the Market