Monopropylene Glycol Market Research Report By Application (Plastics and Resins, Textiles, Automotive Coolants and Fluids, Deicing and Antifreeze Applications, Pharmaceuticals and Cosmetics, Food and Beverage, Personal Care Products, Metalworking and Lubricants, Others), By Manufacturing Process (Hydrogen Peroxide Process, Propylene Oxide Process, Methanol Carbonylation Process), By Grade (Commercial Grade, Pharmaceutical Grade, Food Grade, Industrial Grade), By End-Use Industry (Packaging, Automotive, Building and Construction, Pharmaceuti

Global Monopropylene Glycol Market Overview:

As per MRFR analysis, the Monopropylene Glycol Market Size was estimated at 16.09 (USD Billion) in 2022. The Monopropylene Glycol Market Industry is expected to grow from 16.98(USD Billion) in 2023 to 27.6 (USD Billion) by 2032. The Monopropylene Glycol Market CAGR (growth rate) is expected to be around 5.55% during the forecast period (2024 - 2032).

Key Monopropylene Glycol Market Trends Highlighted

The increasing demand for polyester resins, a key raw material in the production of plastic bottles, films, and fibers, is a significant growth driver for the monopropylene glycol market. The automotive industry's growing adoption of lightweight materials, such as carbon fiber-reinforced plastics, is also boosting demand. Additionally, monopropylene glycol finds application in food additives, pharmaceuticals, and personal care products, further expanding its market reach.Opportunities for exploration and capture lie in emerging applications such as the production of bio-based plastics and solvents. Monopropylene glycol can be derived from renewable feedstocks, reducing its environmental impact and potentially unlocking new market segments. Technological advancements in purification and separation processes offer opportunities for cost optimization and enhanced product quality.Recent trends in the monopropylene glycol market include a shift towards sustainable production methods and the development of novel applications. Governments worldwide are implementing regulations to reduce the use of hazardous chemicals, driving demand for environmentally friendly alternatives like monopropylene glycol. Furthermore, the growing emphasis on personal hygiene and wellness has led to increased consumption of monopropylene glycol in consumer products such as hand sanitizers and cosmetics.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Monopropylene Glycol Market Drivers

Increasing Demand from the Food and Beverage Industry

Monopropylene Glycol is extensively used in the Food and Beverage Industry, where it serves as a humectant, solvent, and thickening agent. It is used to retain moisture content, prevent crystallization and impart desired texture to the food and beverage products. With increasing consumption of processed and packaged food and rising preference for functional beverages, the market of monopropylene glycol is expected to grow in the Monopropylene Glycol Market Industry.Moreover, due to its beneficial characteristics, monopropylene glycol is also used in pet food and animal feed, and increasing consumption of the same is one of the factors that is acting as a driver for the market.

Rising Adoption in the Pharmaceutical and Personal Care Industries

Monopropylene glycol has extensive applications in the pharmaceutical and personal care industries. It is used as a solvent, humectant, and carrier in various pharmaceutical formulations, including oral liquids, topical creams, and ointments. The increasing prevalence of chronic diseases and the growing demand for over-the-counter medications are expected to boost the demand for monopropylene glycol in the Monopropylene Glycol Market Industry.Additionally, the rising consumer awareness about personal hygiene and the increasing use of monopropylene glycol in cosmetics and toiletries are further driving the market growth.

Expanding Applications in Industrial and Automotive Sectors

Monopropylene glycol is used in a wide range of industrial applications, including the production of paints, coatings, adhesives, and plastics. It is also used as a brake fluid and antifreeze in the automotive industry. The growing construction and automotive sectors, particularly in emerging economies, are expected to drive the demand for monopropylene glycol in the Monopropylene Glycol Market Industry. Moreover, the increasing adoption of monopropylene glycol in the production of renewable energy sources, such as solar panels and wind turbines, is further contributing to the market growth.

Monopropylene Glycol Market Segment Insights:

Monopropylene Glycol Market Application Insights

The Monopropylene Glycol Market is segmented into various applications, including plastics and resins, textiles, automotive coolants and fluids, deicing and antifreeze applications, pharmaceuticals and cosmetics, food and beverage, personal care products, metalworking and lubricants, and others. Plastics and Resins is the largest application segment, accounting for over 50% of the Monopropylene Glycol Market revenue. Monopropylene glycol is used in the production of various plastics and resins, such as polyethylene terephthalate, polypropylene, and polystyrene.These plastics and resins are used in a wide range of applications, including packaging, construction, and automotive. Textiles is another major application segment for monopropylene glycol, accounting for around 20% of the Monopropylene Glycol Market revenue. Monopropylene glycol is used as a humectant and softener in textiles, helping to improve their feel and appearance. It is also used in the production of synthetic fibers, such as polyester, nylon, and others. Automotive Coolants and Fluids is a growing application segment for monopropylene glycol, accounting for around 15% of the Monopropylene Glycol Market revenue.Monopropylene glycol is used in automotive coolants and fluids due to its high boiling point and low freezing point, which helps to prevent the engine from overheating or freezing. The growth of the market is attributed to the increasing demand for monopropylene glycol in various applications, such as plastics and resins, textiles, and automotive coolants and fluids.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Monopropylene Glycol Market Manufacturing Process Insights

The Monopropylene Glycol Market is segmented based on the Manufacturing Process into the Hydrogen Peroxide Process, Propylene Oxide Process, and Methanol Carbonylation Process. Among these, the Propylene Oxide Process segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the widespread adoption of the Propylene Oxide Process due to its cost-effectiveness and high efficiency in producing Monopropylene Glycol. The Hydrogen Peroxide Process segment is anticipated to witness significant growth in the coming years owing to the increasing demand for high-purity Monopropylene Glycol in various applications.The Methanol Carbonylation Process, on the other hand, is expected to account for a smaller market share due to its limited commercial viability.

Monopropylene Glycol Market Grade Insights

The Monopropylene Glycol Market is segmented by Grade into Commercial Grade, Pharmaceutical Grade, Food Grade, and Industrial Grade. The Commercial Grade segment is expected to hold the largest market share, accounting for approximately 60% of the global market revenue in 2023. The Pharmaceutical Grade segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for Monopropylene Glycol in the pharmaceutical industry. The Food Grade segment is expected to account for a significant share of the global market revenue, owing to the increasing use of Monopropylene Glycol in the food and beverage industry.The industrial-grade segment is expected to grow at a steady pace, driven by the increasing demand for Monopropylene Glycol in the industrial sector.

Monopropylene Glycol Market End-Use Industry Insights

The Monopropylene Glycol Market segmentation by End-Use Industry offers insights into the varied applications of Monopropylene Glycol across different industries. The Packaging segment holds a significant share of the market, driven by the rising demand for flexible packaging solutions. In 2023, the Automotive segment is projected to witness substantial growth due to the increasing production of vehicles and the need for high-performance coolants and antifreeze agents. The Building and Construction industry utilizes Monopropylene Glycol in paints, coatings, and insulation materials, contributing to its market growth.The Pharmaceuticals segment has a growing demand for Monopropylene Glycol as a solvent and excipient in drug formulations. The Cosmetics industry leverages its humectant properties in skincare and hair care products. Electronics and Aerospace and Defense industries utilize Monopropylene Glycol in electronic components and aircraft deicing fluids, respectively. The Others segment encompasses applications in agriculture, textiles, and personal care.

Monopropylene Glycol Market Distribution Channel Insights

The Monopropylene Glycol Market is segmented based on Distribution Channel into Direct Sales, Distributors, Wholesalers, and Retail. Among these, the Direct Sales segment is expected to hold the largest market share over the forecast period. The growth of this segment can be attributed to the increasing adoption of direct sales channels by manufacturers to cater to the growing demand from end-use industries. Direct sales allow manufacturers to have greater control over the distribution process, which results in better margins and customer service.The Distributors segment is also expected to witness significant growth over the forecast period. This growth can be attributed to the increasing number of distributors expanding their reach into new markets and offering a wider range of products and services to customers. Distributors play a crucial role in connecting manufacturers with retailers and end-users, ensuring efficient distribution of Monopropylene Glycol. Wholesalers are expected to hold a moderate share of the Monopropylene Glycol Market over the forecast period. Wholesalers typically purchase large quantities of Monopropylene Glycol from manufacturers and then resell them to retailers or other businesses.Wholesalers provide economies of scale and allow retailers to access a wider range of products without having to invest in large inventories. The Retail segment is expected to witness steady growth over the forecast period. This growth can be attributed to the increasing number of retail stores and e-commerce platforms offering Monopropylene Glycol to consumers. Retailers play a vital role in providing consumers with easy access to the product and offering personalized shopping experiences.

Monopropylene Glycol Market Regional Insights

The Monopropylene Glycol Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in 2023, followed by North America and Europe. The growth in the APAC region is attributed to the increasing demand for Monopropylene Glycol from the automotive and construction industries. North America and Europe are also expected to witness significant growth in the Monopropylene Glycol market due to the rising demand from the food and beverage industry. The South American and MEA regions are expected to grow at a steady pace during the forecast period. 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Monopropylene Glycol Market Key Players And Competitive Insights:

Major players in Monopropylene Glycol Market industry are focusing on expanding their production capacities to meet the growing demand for the Monopropylene Glycol Market. For instance, in 2023, INEOS Oxide announced plans to invest $250 million to expand its Monopropylene Glycol Market production capacity in Chocolate Bayou, Texas. The expansion is expected to be completed by 2025 and will increase the company's Monopropylene Glycol Market production capacity by 25%. Leading Monopropylene Glycol Market players are also investing in research and development to develop new and innovative applications for Monopropylene Glycol Market. For example, Dow Chemical is working on developing Monopropylene Glycol Market-based polymers for use in lightweight and durable materials. Monopropylene Glycol Market development is driven by the growing demand from various end-use industries, such as automotive, construction, and personal care. The automotive industry is a major consumer of the Monopropylene Glycol Market, which is used in the production of antifreeze, brake fluids, and coolants. The construction industry uses Monopropylene Glycol Market in the production of paints, coatings, and adhesives. The personal care industry uses the Monopropylene Glycol Market in the production of cosmetics, toiletries, and pharmaceuticals.LyondellBasell is a leading Monopropylene Glycol Market player with a global presence. The company has a strong track record of innovation and is committed to providing high-quality products and services to its customers. LyondellBasell's Monopropylene Glycol Market business is supported by a network of manufacturing facilities located in North America, Europe, and Asia. The company's Monopropylene Glycol Market products are used in a wide range of applications, including automotive, construction, and personal care. LyondellBasell is well-positioned to meet the growing demand for Monopropylene Glycol Market and is committed to continuing to invest in its Monopropylene Glycol Market business.SABIC is another major competitor in the Monopropylene Glycol Market. The company is headquartered in Saudi Arabia and has a global presence. SABIC is a leading producer of chemicals, including the Monopropylene Glycol Market. The company's Monopropylene Glycol Market business is supported by a network of manufacturing facilities located in the Middle East, Asia, and Europe. SABIC's Monopropylene Glycol Market products are used in a wide range of applications, including automotive, construction, and personal care. SABIC is well-positioned to meet the growing demand for Monopropylene Glycol Market and is committed to continuing to invest in its Monopropylene Glycol Market business.

Key Companies in the Monopropylene Glycol Market Include:

• SABIC


• Dow


• Sinopec


• Reliance Industries


• China Petrochemical Corporation


• LyondellBasell


• Mitsubishi Chemical Holdings Corporation


• Lotte Chemical Corporation


• BASF


• INEOS


• Formosa Petrochemical Corporation


• Shell


• LG Chem


• Chevron Phillips Chemical Company


• ExxonMobil

Monopropylene Glycol Market Industry Developments

The Monopropylene Glycol Market is projected to reach USD 27.6 billion by 2032, exhibiting a CAGR of 5.55% from 2024 to 2032. Rising demand from the pharmaceutical industry, particularly for the production of antibiotics, is a key growth driver. Monopropylene glycol serves as a solvent and carrier in drug formulations, enhancing their solubility, stability, and bioavailability. Additionally, its application in the food and beverage industry as a humectant, sweetener, and viscosity modifier is bolstering market growth. The increasing adoption of monopropylene glycol in the personal care and cosmetics sector, owing to its emollient and moisturizing properties, further contributes to market expansion. Technological advancements and innovations in the production processes are expected to create new opportunities for market players.

Monopropylene Glycol Market Segmentation Insights

Monopropylene Glycol Market Application Outlook

• Plastics and Resins


• Textiles


• Automotive Coolants and Fluids


• Deicing and Antifreeze Applications


• Pharmaceuticals and Cosmetics


• Food and Beverage


• Personal Care Products


• Metalworking and Lubricants


• Others

Monopropylene Glycol Market Manufacturing Process Outlook

• Hydrogen Peroxide Process


• Propylene Oxide Process


• Methanol Carbonylation Process

Monopropylene Glycol Market Grade Outlook

• Commercial Grade


• Pharmaceutical Grade


• Food Grade


• Industrial Grade

Monopropylene Glycol Market End-Use Industry Outlook

• Packaging


• Automotive


• Building and Construction


• Pharmaceuticals


• Cosmetics


• Electronics


• Aerospace and Defense


• Others

Monopropylene Glycol Market Distribution Channel Outlook

• Direct Sales


• Distributors


• Wholesalers


• Retail

Monopropylene Glycol Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa