Monopropylene Glycol Market

By Source;

Synthetic and Bio-Based

By Grade;

Food Grade and Technical Grade

By Application;

Food Pigment, Antifreezers, Industrial Coolants, Additive, Paints & Coatings, Liquid Detergents, Hand Sanitizers, Building Panels and Others

By 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 Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn134452550 Published Date: September, 2025 Updated Date: October, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 10,803.58 Million
Market Size (2031)USD 15,364.62 Million
Market ConcentrationMedium
Report Pages334
10,803.58
2024
15,364.62
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Monopropylene Glycol Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Versatile Applications
        2. Humectant Properties
        3. Non-Toxic Solvent
      2. Restraints
        1. Regulatory Compliance
        2. Price Volatility
        3. Environmental Concerns
      3. Opportunities
        1. Sustainable Packaging
        2. Bio-based Alternatives
        3. Renewable Feedstocks
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Monopropylene Glycol Market, By Source, 2021 - 2031 (USD Million)
      1. Synthetic
      2. Bio-Based
    2. Monopropylene Glycol Market, By Grade, 2021 - 2031 (USD Million)
      1. Food Grade
      2. Technical Grade
    3. Monopropylene Glycol Market, By Application, 2021 - 2031 (USD Million)
      1. Food Pigment
      2. Antifreezers
      3. Industrial Coolants
      4. Additive
      5. Paints & Coatings
      6. Liquid Detergents
      7. Hand Sanitizers
      8. Building Panels
      9. Others
    4. Monopropylene Glycol Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Automotive
        1. Passenger Vehicles (PVs)
        2. Light Commercial Vehicles (LCVs)
        3. Heavy Commercial Vehicles (HCVs)
      2. Food & Beverage
      3. Medical & Pharmaceutical
      4. Building & Construction
        1. Residential
        2. Industrial
        3. Commercial & Infrastructural
      5. Cosmetic & Personal Care
        1. Skin Care
        2. Hair Care
        3. Nail Care
      6. Chemicals
      7. Others
    5. Monopropylene Glycol Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF
      2. Shell
      3. Dow
      4. LyondellBasell
      5. INEOS
      6. Huntsman
      7. ADM
      8. Braskem
      9. Oleon
      10. SABIC
      11. Repsol
      12. Adeka
      13. AGC Chemicals
      14. SKC
      15. Polioles
  7. Analyst Views
  8. Future Outlook of the Market