Global 1,2-Propandiol Market Growth 2025-2031
Description
The global 1,2-Propandiol 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-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.
LP Information, Inc. (LPI) ' newest research report, the “1,2-Propandiol Industry Forecast” looks at past sales and reviews total world 1,2-Propandiol sales in 2024, providing a comprehensive analysis by region and market sector of projected 1,2-Propandiol sales for 2025 through 2031. With 1,2-Propandiol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 1,2-Propandiol industry.
This Insight Report provides a comprehensive analysis of the global 1,2-Propandiol 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-Propandiol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global 1,2-Propandiol market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 1,2-Propandiol 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-Propandiol.
This report presents a comprehensive overview, market shares, and growth opportunities of 1,2-Propandiol 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-Propandiol market?
What factors are driving 1,2-Propandiol market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do 1,2-Propandiol market opportunities vary by end market size?
How does 1,2-Propandiol break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
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.
LP Information, Inc. (LPI) ' newest research report, the “1,2-Propandiol Industry Forecast” looks at past sales and reviews total world 1,2-Propandiol sales in 2024, providing a comprehensive analysis by region and market sector of projected 1,2-Propandiol sales for 2025 through 2031. With 1,2-Propandiol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 1,2-Propandiol industry.
This Insight Report provides a comprehensive analysis of the global 1,2-Propandiol 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-Propandiol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global 1,2-Propandiol market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 1,2-Propandiol 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-Propandiol.
This report presents a comprehensive overview, market shares, and growth opportunities of 1,2-Propandiol 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-Propandiol market?
What factors are driving 1,2-Propandiol market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do 1,2-Propandiol market opportunities vary by end market size?
How does 1,2-Propandiol break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
142 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for 1,2-Propandiol by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for 1,2-Propandiol by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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