1, 2-Propanediol, commonly named propylene glycol (PG) or mono-propylene glycol (MPG), is a clear, colorless liquid with the consistency of syrup with formula C3H8O2.
1, 2-Propanediol which usually called as propylene glycol (PG) is a kind of bulk petrochemical that has been found widely used to produce unsaturated polyester resins (UPR), functional fluids, cosmetics, pharmaceutics and food, liquid detergents, etc. Unsaturated polyester resins are the largest market of 1, 2-Propanediol, with a global consumption market share of 41.10%. The market share is higher in developing areas like China. The demand of functional fluids is stable, with its major market founded in Europe and North America. As a kind of petrochemical, the global average price of 1, 2-Propanediol fluctuates with the price of PO, the price of which is related to the price of propylene. There are also bio based PG which is mainly supplied by ADM.

Market Analysis and Insights: Global 1,2-Propylene Glycol Market
The global 1,2-Propylene Glycol market was valued at US$ 3507.8 in 2020 and will reach US$ 4067.9 million by the end of 2027, growing at a CAGR of 2.5% during 2022-2027.

Global 1,2-Propylene Glycol Scope and Market Size
The global 1,2-Propylene Glycol market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global 1,2-Propylene Glycol market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Industrial Grade 1,2-Propylene Glycol
Food Grade 1,2-Propylene Glycol
Pharmaceutical Grade 1,2-Propylene Glycol

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

The 1,2-Propylene Glycol market is analysed and market size information is provided by regions (countries). Segment by Application, the 1,2-Propylene Glycol market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Dow
Lyondell Basell
Huntsman
ADM
INEOS
BASF
Repsol
Sumitomo Chem
Asahi Kasei
SKC
Shell
Shandong Shida Shenghua
CNOOC & Shell Petrochem
Hi-tech Spring Chem
Daze Group
Shandong Depu Chem