Global 1,2-Propandiol Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global 1,2-Propandiol market size was valued at US$ 6392 million in 2024 and is forecast to a readjusted size of USD 7225 million by 2031 with a CAGR of 1.9% during review period.

1, 2-Propandiol, also known as propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency and the chemical formula C3H8O2. 1, 2-Propandiol is highly versatile and finds extensive applications across various industries. Its primary use is in the production of unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, widely used in construction, automotive, and industrial sectors. Additionally, 1, 2-Propandiol is commonly used in functional fluids, such as deicing and antifreeze agents, vital to the aviation and automotive industries. Beyond that, it is an ingredient in plasticizers, hydraulic brake fluids, and non-ionic detergents, and serves as a humectant in the pharmaceutical, cosmetic, animal feed, and tobacco industries. Furthermore, 1, 2-Propandiol acts as a highly effective solvent and extractant.

The global production of 1, 2-Propandiol is dominated by key players such as Dow, LyondellBasell, INEOS, BASF, and ADM, with the top five manufacturers controlling over 60% of the global market share. The European Union is the largest regional market, accounting for more than 25% of global consumption, driven by its demand in surface coatings and reinforced resins. The United States and China also play significant roles in the market, with both regions together accounting for over 35% of the total global demand. Industrial-grade 1, 2-Propandiol is the most widely produced and consumed type, making up about 75% of total production due to its broad use in various industrial processes, especially in UPR manufacturing.

In terms of future trends, 1, 2-Propandiol is expected to see continued growth in the unsaturated polyester resin (UPR) market, as demand increases in industries like construction, automotive, and surface coatings. Additionally, the cosmetics, pharmaceutical, and food industries are forecasted to expand their use of 1, 2-Propandiol, particularly as a humectant, as the trend toward sustainable and eco-friendly products gains momentum. With stricter environmental regulations globally, manufacturers are likely to invest in more sustainable production processes for 1, 2-Propandiol, further enhancing its market position. Its versatility and wide range of applications ensure continued demand across both mature and emerging markets.

This report is a detailed and comprehensive analysis for global 1,2-Propandiol market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global 1,2-Propandiol market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031

Global 1,2-Propandiol market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031

Global 1,2-Propandiol market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2020-2031

Global 1,2-Propandiol market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for 1,2-Propandiol

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global 1,2-Propandiol market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dow, Lyondell Basell, Indorama (Huntsman), ADM, INEOS, BASF, Repsol, SKC, Shell, Anhui Tongling Jintai, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

1,2-Propandiol market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Hydration
Transesterification
Biosynthesis

Market segment by Application
Unsaturated Polyester Resins (UPR)
Functional Fluids
Cosmetics, Pharmaceutics and Food
Liquid Detergents
Others

Major players covered
Dow
Lyondell Basell
Indorama (Huntsman)
ADM
INEOS
BASF
Repsol
SKC
Shell
Anhui Tongling Jintai
Shandong Shida Shenghua Chemical Co., Ltd.
CNOOC Shell Petrochemical
Haike Xinyuan
Daze Chemical
Depp Technology
Ningbo Zhetie Dafeng Chemical Co., Ltd.

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe 1,2-Propandiol product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of 1,2-Propandiol, with price, sales quantity, revenue, and global market share of 1,2-Propandiol from 2020 to 2025.

Chapter 3, the 1,2-Propandiol competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the 1,2-Propandiol breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and 1,2-Propandiol market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of 1,2-Propandiol.

Chapter 14 and 15, to describe 1,2-Propandiol sales channel, distributors, customers, research findings and conclusion.