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

According to our (Global Info Research) latest study, the global 1,2-Propanediol 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-Propanediol, commonly referred to as propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with a syrup-like consistency, and its chemical formula is C3H8O2. It is widely used in industrial and consumer applications due to its versatility. The primary market for 1, 2-propanediol is unsaturated polyester resins (UPRs), which are essential for surface coatings and glass fiber-reinforced resins, widely utilized in industries such as construction and automotive. The second-largest area of application is in functional fluids, including deicing and antifreeze solutions, which play a crucial role in the aviation and automotive sectors. 1, 2-Propanediol also serves as an ingredient in plasticizers and hydraulic brake fluids, and it is a key component in non-ionic detergents. Furthermore, it is used as a humectant in industries such as pharmaceuticals, cosmetics, animal feed, and tobacco. Its effectiveness as a solvent and extractant further enhances its broad range of applications.

Globally, the 1, 2-propanediol market is dominated by key players such as Dow, LyondellBasell, INEOS, BASF, and ADM. Together, these top five manufacturers hold more than 60% of the global market share. The European Union is the largest regional market for 1, 2-propanediol, accounting for over 25% of total global consumption, driven by demand in industries such as construction and coatings. The United States and China also have significant shares, together contributing over 35% of the total market. Industrial-grade 1, 2-propanediol is the most widely produced and consumed grade, representing approximately 75% of total production, due to its widespread use in industrial applications such as UPR production.

Looking at future trends, the largest demand for 1, 2-propanediol will continue to come from the unsaturated polyester resin (UPR) market, especially as industries such as construction, automotive, and coatings grow. Additionally, rising demand for environmentally friendly and sustainable products is expected to drive innovation in 1, 2-propanediol applications, particularly in cosmetics, pharmaceuticals, and food industries, where it is used as a humectant. Moreover, as stricter environmental regulations are implemented worldwide, manufacturers are likely to invest in more sustainable production processes for 1, 2-propanediol, further boosting market expansion. The versatility of this chemical, coupled with ongoing innovation, positions it for continued growth across both developed and emerging markets.

This report is a detailed and comprehensive analysis for global 1,2-Propanediol 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-Propanediol market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

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

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

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

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-Propanediol 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-Propanediol 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-Propanediol product scope, market overview, market estimation caveats and base year.

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

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

Chapter 4, the 1,2-Propanediol 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-Propanediol 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-Propanediol.

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