World - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights

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Propylene glycol market

Propylene glycol market: get access to newly released datasets enhanced by an Ai-driven market intelligence platform. Data provide companies, market size, production, consumption, trade, market prices, exports, and imports. Here is a split by country, including Latin America, Russia, the Middle East, the U.K., China, the U.S., EU, and Africa. Market trends and outlook to 2030 are also featured in the reports.

Propylene Glycol - World's Largest Markets

RatingCountry
1China
2United States
3India
4Japan
5Brazil

In value terms, the largest propylene glycol markets worldwide were China, the United States and India, together comprising 48% of the global market.

Among the main consuming countries, China recorded the highest growth rate of market size, over the period under review, while propylene glycol market for the other global leaders experienced a decline in the market figures.

Propylene Glycol Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Saudi Arabia121011151023-8.1%
Thailand933131110616.6%
United States152112761107-14.7%
Netherlands157013141147-14.5%
China145611221183-9.9%
Singapore155812391190-12.6%
South Korea154412261192-12.1%
Germany162013511200-13.9%
Spain180020441231-17.3%
Belgium174713851335-12.6%
Average148613011178-11.0%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Belgium ($1,335 per ton) and Spain ($1,231 per ton), while Saudi Arabia ($1,023 per ton) and Thailand ($1,061 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
France176017321424-10.1%
Turkey159912651232-12.2%
United Kingdom160613351222-12.8%
China140612091209-7.3%
Mexico154913551201-11.9%
Indonesia159112991201-13.1%
Italy163012741172-15.2%
Japan148913091167-11.5%
Netherlands156313231131-14.9%
India153312151123-14.4%
Singapore136712881086-10.9%
Spain162714281080-18.5%
Belgium137912631010-14.4%
Average158013591209-12.5%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in France ($1,424 per ton) and Turkey ($1,232 per ton), while Belgium ($1,010 per ton) and Spain ($1,080 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced a decline in the import price figures.

Propylene Glycol - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
France0.10.10.1-11.3%
China0.10.10.1-5.1%
Italy0.10.080.07-16.7%
India0.10.080.07-15.3%
Belgium0.050.070.0721.5%

In value terms, France ($116M), China ($99M) and Italy ($71M) were the countries with the highest levels of imports in 2020, together accounting for 21% of global imports. India, Belgium, Spain, Singapore, the Netherlands, Indonesia, the UK, Turkey, Mexico and Japan lagged somewhat behind, together comprising a further 37%.

Belgium recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Propylene Glycol - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany0.50.40.3-19.1%
China0.20.20.2-7.9%
United States0.20.10.1-7.5%
South Korea0.10.10.10.9%
Thailand0.10.10.1-8.2%

In value terms, Germany ($303M), China ($159M) and the United States ($138M) constituted the countries with the highest levels of exports in 2020, with a combined 46% share of global exports. South Korea, Thailand, Singapore, the Netherlands, Belgium, Spain and Saudi Arabia lagged somewhat behind, together comprising a further 45%.

Among the main exporting countries, Belgium recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Propylene Glycol - Market Forecast

Driven by rising demand for propylene glycol worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Propylene Glycol - Product Coverage

  • HS 290532 - Alcohols; acyclic, diols; propylene glycol (propane-1, 2-diol)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global propylene glycol market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20142320 - Propylene glycol (propane-1,2-diol)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Akzo Nobel, SABIC, Shell, Dow Chemical Company, BASF, LyondellBasell Industries N.V., Thomas Scientific, Penta Manufacturing Company, Univar Solutions Washington, Universal Preserv-A-Chem Inc, Spectrum Chemicals & Laboratory Products, Mutchler Inc., Nexeo Solutions, KIC Chemicals Inc, Chemtex Speciality Limited, India Glycols, Hyosung Chemical, Hanwha Total Petrochemical, KKPC, Ineos, DowDuPont, Mitsui Chemical, Covestro, Jiangsu Haian Petrochemical, Huntsman, Sanyo Chemical

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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Free Data: Propylene Glycol (Propane-1,2-Diol) - World