Theย mono propylene glycol market sizeย is expected to be worth USD 4,172 million in 2025. By 2035, the market is expected to be worth USD 6,800 million. The market is estimated to grow at a CAGR of 5.0% during the forecast period of 2025 to 2035.
Monopropylene can be found in paints & varnishes, baths, and as a cooling fluid in autos. The growing usage of mono propylene glycol across a variety of end-use sectors, such asย the chemical industry, pharmaceuticals, cosmetic goods, and others, is expected to drive the market.
The global food and beverage sector is driving demand for mono propylene glycol for usage in food flavoring, food coloring,ย preservation of food, and other applications, hence influencing the mono propylene glycol market volume.
Asia-Pacific, particularly China, is a major consumer and producer of mono propylene glycol. The growing industrialization and financial development of the region are driving up demand for mono propylene glycol.
๐๐๐ค๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ โ ๐๐๐๐๐ฌ๐ฌ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ! https://www.futuremarketinsights.com/reports/sample/rep-gb-10801
Mono propylene glycol is an important component of automobile antifreeze and coolants, as it keeps the engine temperature stable. The need for mono propylene glycol in automobiles has expanded as the automotive sector grows, particularly in the electric vehicle (EV) segment.
Concerns about ecological sustainability have prompted the advancement of bio-based mono propylene glycol generated from natural resources such as corn, sugarcane, or soy. This tendency is consistent with the larger trend towards sustainable alternatives and lessens dependency on fossil fuels.
Key Takeaways
- Between 2025 and 2035, theย demand for mono propylene glycolย increased at a 5.0% CAGR.
- The United States reflecting a compound annual growth rate (CAGR) of 4.7% over the forecast period.
- The mono propylene glycol market in South Korea is expected CAGR of 4.6%.
- The mono propylene glycol market in the United Kingdom is expected to expand CAGR of 4.3% by 2035.
โThe mono propylene glycol market is expected to increase steadily from 2025 to 2035, owing to a wide range of applications. Demand is expected to climb steadily, driven by increased application in the food, pharmaceutical, cosmetic, and automotive industries. Because of environmental concerns, the use of bio-based mono propylene glycol may increase.โย says FMI analyst.
To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/mono-propylene-glycol-market
Competitive Landscape
Manufacturersโ focus has shifted towards emerging countries in recent years to meet rising demand for mono propylene glycol. Several major corporations are also focusing on collaborations, expanding manufacturing capacities, mergers and acquisitions, and increasing R&D spending.
- In March 2022, Braskem and Sojitz Corporation partnered to develop and market bioMPG (monopropylene glycol).
- Beginning in April 2022, MOL and HELM teamed up on the marketing of propylene glycols in Western Europe and global markets. The product line will include technical along with higher-value-added monopropylene glycol and dipropylene glycol grades.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global mono propylene glycol market presenting a historical analysis from 2020 to 2024 and forecast statistics between 2025 and 2035.
The study reveals essential insights By Grade (Technical, Food, Pharmaceutical), 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), Source (Synthetic, Bio-based), and Region.
Hydrocarbons, Petrochemicals, and Organic Chemicals: https://www.futuremarketinsights.com/industry-analysis/hydrocarbons-petrochemicals-and-organic-chemicals
Mono Propylene Glycol Market by Category
By Grade:
- Technical
- Food
- Pharmaceutical
By 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
By End Use:
- Chemicals
- Cosmetics & personal care
- Pharmaceutical
- Food & Beverage
- Others
By Source:
- Synthetic
- Bio-based
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
