Global 1,2-Propanediol Market Growth 2025-2031

The global 1,2-Propanediol market size is predicted to grow from US$ 6151 million in 2025 to US$ 6915 million in 2031; it is expected to grow at a CAGR of 2.0% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “1,2-Propanediol Industry Forecast” looks at past sales and reviews total world 1,2-Propanediol sales in 2024, providing a comprehensive analysis by region and market sector of projected 1,2-Propanediol sales for 2025 through 2031. With 1,2-Propanediol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 1,2-Propanediol industry.

This Insight Report provides a comprehensive analysis of the global 1,2-Propanediol landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on 1,2-Propanediol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global 1,2-Propanediol market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 1,2-Propanediol and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 1,2-Propanediol.

This report presents a comprehensive overview, market shares, and growth opportunities of 1,2-Propanediol market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Hydration

Transesterification

Biosynthesis

Segmentation by Application:

Unsaturated Polyester Resins (UPR)

Functional Fluids

Cosmetics, Pharmaceutics and Food

Liquid Detergents

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

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.

Key Questions Addressed in this Report

What is the 10-year outlook for the global 1,2-Propanediol market?

What factors are driving 1,2-Propanediol market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do 1,2-Propanediol market opportunities vary by end market size?

How does 1,2-Propanediol break out by Type, by Application?

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