Monopropylene Glycol - MPG Market Report 2025 (Global Edition)

Global Monopropylene Glycol - MPG Market Report 2025 Market Size Split by Grade (Pharma Grade (IP), Industrial Grade), by Application (Unsaturated Polyester Resin (UPR), Polyester Fiber Production, Fo...

Monopropylene Glycol - MPG Market Report Description

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Monopropylene Glycol - MPG Market Insights Video

Competitive Landscape of the Monopropylene Glycol - MPG Market

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.

(Source: https://molgroupchemicals.com/en/news/press-releases/mol-and-helm-sign-marketing-agreement-for-the-distribution-of-propylene-glycols)

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.

(Source: https://corporate.evonik.com/en/media/press-releases/corporate/evonik-and-dow-develop-direct-synthesis-of-pro.)

Top Companies Market Share in Monopropylene Glycol - MPG Industry: (In no particular order of Rank)

• DowDuPont
• BASF
• Huntsman
• ADM
• OLEON
• Polioles
• LyondellBasell
• Repsol
• INEOS
• AGC Chemicals
• Shell
• ADEKA
• SKC
• PJSC Nizhnekamskneftekhim
• PCC Rokita
• Shandong Shida Shenghua Chemical
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Monopropylene Glycol - MPG Market

Which Region Dominates the Monopropylene Glycol - MPG Market in 2024?

According to Cognitive Market Research, North America leads the systemic Monopropylene Glycol (MPG) market due to several key factors. Firstly, the region boasts a robust industrial base across diverse sectors such as automotive, pharmaceuticals, and food processing, all of which are significant users of MPG. Secondly, stringent regulatory standards and advanced manufacturing practices ensure high-quality production and consumption. Additionally, established infrastructure for logistics and distribution enhances market penetration.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Monopropylene Glycol (MPG) market primarily due to expanding industrialization and urbanization. Rapid economic development in countries like China, India, and Southeast Asian nations fuels increased demand across diverse applications including automotive, textiles, and construction. Moreover, rising disposable incomes and changing consumer lifestyles drive higher consumption of products containing MPG, such as cosmetics and pharmaceuticals.

 

The current report Scope analyzes Monopropylene Glycol - MPG Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Monopropylene Glycol - MPG Market

According to Cognitive Market Research, the global Monopropylene Glycol - MPG market size was estimated at USD 4124.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1649.68million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Monopropylene Glycol - MPG market with a market size of USD 1301.60 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The demand is amplified by the nation's increasing demand for UPR in various sectors such as construction, automotive, and marine industries.
• The Canada Monopropylene Glycol - MPG market had a market share of USD 197.96 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's increasing demand for UPR in various sectors such as construction, automotive, and marine industries to increased usage of Monopropylene Glycol - MPG.
• The Mexico Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.7%during the forecast period,with a market size of USD 150.12million in 2024.

Europe Monopropylene Glycol - MPG Market

According to Cognitive Market Research, the global Monopropylene Glycol - MPG market size was estimated at USD 4124.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2393.7million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5%from 2024 to 2031.

• The United Kingdom Monopropylene Glycol - MPG market had a market share of USD 207.86million in 2024 and is projected to grow at a CAGR of 5.3%during the forecast period. In the UK, Monopropylene Glycol - MPG sales witness an upswing due to the nation's extensive use across industries such as construction, automotive, and marine sectors.
• The France Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 113.83million in 2024.
• According to Cognitive Market Research, the Germany Monopropylene Glycol - MPG market size was valued at USD 244.98million in 2024 and is projected to grow at a CAGR of 4.7%during the forecast period. In Germany, Monopropylene Glycol - MPG sales surged due to the extensive use across industries such as construction, automotive, and marine sectors.
• The Italy Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 106.40million in 2024.
• The Russia Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 3.5% during the forecast period,with a market size of USD 191.78 million in 2024.
• The Spain Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 101.46 million in 2024
• The LuxembourgMonopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.6%during the forecast period, with a market size of USD 38.36million in 2024.
• The PortugalMonopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.3%during the forecast period, with a market size of USD 25.98million in 2024.
• The GreeceMonopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.8%during the forecast period, with a market size of USD 14.85million in 2024.
• Rest of Europe'sMonopropylene Glycol - MPG market is projected to witness growth at a CAGR of 3.2%during the forecast period, with a market size of USD 191.78million in 2024.

Asia Pacific Monopropylene Glycol - MPG Market

According to Cognitive Market Research, the global Monopropylene Glycol - MPG market size was estimated at USD 4124.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 948.57million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Monopropylene Glycol - MPG market size was valued at USD 426.85million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Monopropylene Glycol - MPG sales surge in China due to the burgeoning industrialization, coupled with increasing infrastructural developments.
• The Japan Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 130.90 million in 2024.
• The India Monopropylene Glycol - MPG market had a market share of USD 113.83 million in 2024 and is projected to grow at a CAGR of 9.8%during the forecast period. India's burgeoning industrialization, coupled with increasing infrastructural developments.
• The South Korea Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 94.86 million in 2024.
• The Australia Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 49.33million in 2024.
• The South East Asia Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 9.0%during the forecast period, with a market size of USD 65.45 million in 2024.
• The Rest of Asia Pacific Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 7.8%during the forecast period, with a market size of USD 67.35million in 2024.

South America Monopropylene Glycol - MPG Market

According to Cognitive Market Research, the global Monopropylene Glycol - MPG market size was estimated at USD 4124.2 Million out of which Latin America market of 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

• According to Cognitive Market Research, the Brazil Monopropylene Glycol - MPG market size was valued at USD 88.26 million in 2024 and is projected to grow at a CAGR of 6.0%during the forecast period. Monopropylene Glycol - MPG sales flourish in Brazil due to the expanding infrastructure projects and increasing investments in industrial sectors.
• Argentina Monopropylene Glycol - MPG market had a market share of USD 34.64million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's expanding infrastructure projects and increasing investments in industrial sectors.
• Colombia Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 18.35 million in 2024.
• Peru Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 16.91 million in 2024.
• Chile Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 14.85 million in 2024.
• The Rest of Latin America Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 33.20 million in 2024.

Middle East and Africa Monopropylene Glycol - MPG

According to Cognitive Market Research, the global Monopropylene Glycol - MPG market size was estimated at USD 4124.2 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 82.48million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7%from 2024 to 2031.

• The GCC Countries Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 35.30million in 2024. Monopropylene Glycol - MPG sales flourish due to the increasing infrastructure development and industrialization efforts.
• The Egypt Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 6.0% during the forecast period,with a market size of USD 8.66million in 2024.
• The South Africa Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 6.7%during the forecast period, with a market size of USD 13.03 million in 2024. Monopropylene Glycol - MPG sales flourish in South Africa due to the increasing infrastructure development and industrialization efforts.
• The Turkey Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 5.2%during the forecast period, with a market size of USD 7.09 million in 2024.
• The Nigeria Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 8.66 million in 2024.
• The Rest of MEA Monopropylene Glycol - MPG market is projected to witness growth at a CAGR of 4.7%during the forecast period, with a market size of USD 9.73 million in 2024.

Monopropylene Glycol - MPG Market Analysis

Monopropylene Glycol - MPG Market Grade Segment Analysis

According to Cognitive Market Research, industrial grade of Monopropylene Glycol (MPG) dominates the market due to its extensive applications across various industrial sectors. Industrial grade MPG is widely utilized as a versatile solvent in manufacturing processes, including paints, coatings, and antifreeze formulations. Its affordability and effectiveness in these applications make it a preferred choice among industrial users seeking reliable chemical solutions. Moreover, the robust demand from sectors such as automotive, construction, and textiles continues to drive the dominance of industrial grade MPG in the global market. The consistent need for cost-effective industrial solvents further solidifies its position as the leading category within the MPG market.

The pharma grade (IP) segment of Monopropylene Glycol (MPG) is experiencing rapid growth within the market. This grade is meticulously manufactured to meet stringent pharmaceutical standards, ensuring high purity and compliance with regulatory requirements. The pharmaceutical industry's increasing focus on quality and safety in drug formulations drives the demand for pharma grade MPG. Its applications in medications, vaccines, and pharmaceutical preparations necessitate the use of exceptionally pure chemicals, thus fueling the growth of this category.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Monopropylene Glycol - MPG Industry. Request a Free Sample PDF!

Monopropylene Glycol - MPG Market Application Segment Analysis

According to Cognitive Market Research, the paints and coatings segment stands out as the dominating category in the market. MPG is widely used as a solvent and coalescing agent in the formulation of paints, varnishes, and protective coatings. Its ability to improve the consistency, stability, and drying properties of coatings makes it indispensable in the paint industry. Additionally, MPG enhances the durability and performance of coatings, making them more resistant to weathering and environmental factors. The consistent demand from construction, automotive, and industrial sectors for high-quality coatings further cements the dominance of MPG in paints and coatings applications within the global market.

The fastest-growing category of Monopropylene Glycol (MPG) applications is in heat transfer fluids, including engine coolants, de-icing fluids, and antifreeze solutions. MPG's exceptional thermal properties, low toxicity, and environmental compatibility make it ideal for use in systems requiring efficient heat transfer and freeze protection. With increasing automotive production and stringent environmental regulations favoring safer, non-toxic alternatives, MPG-based heat transfer fluids are witnessing significant demand growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Monopropylene Glycol - MPG End Use Segment Analysis

End Use Segment Analysis

According to Cognitive Market Research, the pharmaceuticals emerge as the dominating end-use category. MPG finds extensive application as a solvent and excipient in pharmaceutical formulations, ensuring stability, solubility, and consistency of active ingredients in various medications. Its pharmaceutical-grade purity and compatibility with regulatory standards make it a preferred choice for drug manufacturers globally. The pharmaceutical industry's continuous research and development efforts, coupled with the growing demand for effective healthcare solutions, drive the consistent dominance of MPG in pharmaceutical applications.

The fastest-growing category of Monopropylene Glycol (MPG) usage is in the food and beverage sector. MPG serves as a versatile additive in food products, functioning primarily as a humectant, solvent, and preservative. Its ability to enhance texture, stabilize flavors, and extend shelf life makes it invaluable in food processing applications. With increasing consumer demand for convenience foods, beverages, and packaged goods, the food and beverage industry seeks reliable ingredients like MPG to maintain product quality and safety. Moreover, stringent food safety regulations and evolving consumer preferences towards natural and sustainable ingredients further drive the growth of MPG in this sector.

• Chemicals
• Cosmetics & personal care
• Pharmaceutical
• Food & Beverage
• Others

Monopropylene Glycol - MPG Packaging Type Segment Analysis

Packaging Type Segment Analysis

According to Cognitive Market Research, the tanks are the dominating packaging type. Tanks are preferred due to their ability to store large quantities of MPG efficiently, catering to industrial-scale applications where bulk storage and handling are essential. Industries such as automotive, construction, and manufacturing rely on tanks for their operational efficiency and cost-effectiveness in managing large volumes of MPG. The logistical advantages of bulk storage, including reduced handling costs and enhanced supply chain management, further contribute to the dominance of tanks in the MPG market.

The fastest-growing category of packaging type in the Monopropylene Glycol (MPG) market is drums. Drums provide a versatile and portable solution for storing and transporting MPG, particularly favored in sectors requiring flexibility and smaller volume applications. Industries such as cosmetics, pharmaceuticals, and specialty chemicals prefer drums for their ease of handling, storage efficiency, and suitability for diverse operational scales. The increasing demand from these sectors for MPG in various formulations and applications drives the rapid growth of drums as a packaging type. Moreover, drums offer enhanced safety features, regulatory compliance, and ease of disposal, making them increasingly popular in sectors where precise dosing and product integrity are critical.

• Drums
• Tanks

Monopropylene Glycol - MPG Source Segment Analysis

Source Segment Analysis

According to Cognitive Market Research, 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. Industries such as automotive, textiles, and paints favor synthetic MPG for its reliability in applications where precise chemical properties and performance are crucial. The established infrastructure for synthetic MPG production, coupled with its availability at scale, contributes to its dominance in the global market.

The fastest-growing category of Monopropylene Glycol (MPG) source is bio-based MPG. Bio-based MPG is derived from renewable feedstocks such as biomass or bioethanol, offering a sustainable alternative to petroleum-based MPG. Growing environmental concerns and regulatory incentives promoting renewable resources drive the rapid adoption of bio-based MPG across various industries. Industries seeking to reduce their carbon footprint and enhance sustainability credentials increasingly prefer bio-based MPG in applications ranging from cosmetics to food additives. Moreover, advancements in bio-refining technologies and increasing investments in renewable chemistry further propel the growth of bio-based MPG.

• Synthetic
• Bio-based

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
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