Industry: Chemical & Material
Published Date: 2025-09-10
Pages: 106 Pages
Report ld: 4931746
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1,2-Propandiol Market Size(US$)

CAGR 2025-2031
1.9%
Market Size,2031
USD 7,160
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global 1,2-Propandiol market size was US$ 6288 million in 2024 and is forecast to a readjusted size of US$ 7160 million by 2031 with a CAGR of 1.9% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on 1,2-Propandiol market competitiveness, regional economic performance, and supply chain configurations.
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.
The global 1,2-Propandiol market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of 1,2-Propandiol market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Transesterification in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Functional Fluids in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the 1,2-Propandiol value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 1,2-Propandiol Product Scope
1.2 1,2-Propandiol by Type
1.2.1 Global 1,2-Propandiol Sales by Type (2020 & 2024 & 2031)
1.2.2 Hydration
1.2.3 Transesterification
1.2.4 Biosynthesis
1.3 1,2-Propandiol by Application
1.3.1 Global 1,2-Propandiol Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Unsaturated Polyester Resins (UPR)
1.3.3 Functional Fluids
1.3.4 Cosmetics, Pharmaceutics and Food
1.3.5 Liquid Detergents
1.3.6 Others
1.4 Global 1,2-Propandiol Market Estimates and Forecasts (2020-2031)
1.4.1 Global 1,2-Propandiol Market Size in Value Growth Rate (2020-2031)
1.4.2 Global 1,2-Propandiol Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global 1,2-Propandiol Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global 1,2-Propandiol Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global 1,2-Propandiol Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global 1,2-Propandiol Sales Market Share by Region (2020-2025)
2.2.2 Global 1,2-Propandiol Revenue Market Share by Region (2020-2025)
2.3 Global 1,2-Propandiol Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global 1,2-Propandiol Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global 1,2-Propandiol Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America 1,2-Propandiol Market Size and Prospective (2020-2031)
2.4.2 Europe 1,2-Propandiol Market Size and Prospective (2020-2031)
2.4.3 China 1,2-Propandiol Market Size and Prospective (2020-2031)
2.4.4 South Korea 1,2-Propandiol Market Size and Prospective (2020-2031)
2.4.5 Southeast Asia 1,2-Propandiol Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global 1,2-Propandiol Historic Market Review by Type (2020-2025)
3.1.1 Global 1,2-Propandiol Sales by Type (2020-2025)
3.1.2 Global 1,2-Propandiol Revenue by Type (2020-2025)
3.1.3 Global 1,2-Propandiol Price by Type (2020-2025)
3.2 Global 1,2-Propandiol Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global 1,2-Propandiol Sales Forecast by Type (2026-2031)
3.2.2 Global 1,2-Propandiol Revenue Forecast by Type (2026-2031)
3.2.3 Global 1,2-Propandiol Price Forecast by Type (2026-2031)
3.3 Different Types 1,2-Propandiol Representative Players
4 Global Market Size by Application
4.1 Global 1,2-Propandiol Historic Market Review by Application (2020-2025)
4.1.1 Global 1,2-Propandiol Sales by Application (2020-2025)
4.1.2 Global 1,2-Propandiol Revenue by Application (2020-2025)
4.1.3 Global 1,2-Propandiol Price by Application (2020-2025)
4.2 Global 1,2-Propandiol Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global 1,2-Propandiol Sales Forecast by Application (2026-2031)
4.2.2 Global 1,2-Propandiol Revenue Forecast by Application (2026-2031)
4.2.3 Global 1,2-Propandiol Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in 1,2-Propandiol Application
5 Competition Landscape by Players
5.1 Global 1,2-Propandiol Sales by Players (2020-2025)
5.2 Global Top 1,2-Propandiol Players by Revenue (2020-2025)
5.3 Global 1,2-Propandiol Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in 1,2-Propandiol as of 2024)
5.4 Global 1,2-Propandiol Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of 1,2-Propandiol, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of 1,2-Propandiol, Product Type & Application
5.7 Global Key Manufacturers of 1,2-Propandiol, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America 1,2-Propandiol Sales by Company
6.1.1.1 North America 1,2-Propandiol Sales by Company (2020-2025)
6.1.1.2 North America 1,2-Propandiol Revenue by Company (2020-2025)
6.1.2 North America 1,2-Propandiol Sales Breakdown by Type (2020-2025)
6.1.3 North America 1,2-Propandiol Sales Breakdown by Application (2020-2025)
6.1.4 North America 1,2-Propandiol Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe 1,2-Propandiol Sales by Company
6.2.1.1 Europe 1,2-Propandiol Sales by Company (2020-2025)
6.2.1.2 Europe 1,2-Propandiol Revenue by Company (2020-2025)
6.2.2 Europe 1,2-Propandiol Sales Breakdown by Type (2020-2025)
6.2.3 Europe 1,2-Propandiol Sales Breakdown by Application (2020-2025)
6.2.4 Europe 1,2-Propandiol Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China 1,2-Propandiol Sales by Company
6.3.1.1 China 1,2-Propandiol Sales by Company (2020-2025)
6.3.1.2 China 1,2-Propandiol Revenue by Company (2020-2025)
6.3.2 China 1,2-Propandiol Sales Breakdown by Type (2020-2025)
6.3.3 China 1,2-Propandiol Sales Breakdown by Application (2020-2025)
6.3.4 China 1,2-Propandiol Major Customer
6.3.5 China Market Trend and Opportunities
6.4 South Korea Market: Players, Segments, Downstream and Major Customers
6.4.1 South Korea 1,2-Propandiol Sales by Company
6.4.1.1 South Korea 1,2-Propandiol Sales by Company (2020-2025)
6.4.1.2 South Korea 1,2-Propandiol Revenue by Company (2020-2025)
6.4.2 South Korea 1,2-Propandiol Sales Breakdown by Type (2020-2025)
6.4.3 South Korea 1,2-Propandiol Sales Breakdown by Application (2020-2025)
6.4.4 South Korea 1,2-Propandiol Major Customer
6.4.5 South Korea Market Trend and Opportunities
6.5 Southeast Asia Market: Players, Segments, Downstream and Major Customers
6.5.1 Southeast Asia 1,2-Propandiol Sales by Company
6.5.1.1 Southeast Asia 1,2-Propandiol Sales by Company (2020-2025)
6.5.1.2 Southeast Asia 1,2-Propandiol Revenue by Company (2020-2025)
6.5.2 Southeast Asia 1,2-Propandiol Sales Breakdown by Type (2020-2025)
6.5.3 Southeast Asia 1,2-Propandiol Sales Breakdown by Application (2020-2025)
6.5.4 Southeast Asia 1,2-Propandiol Major Customer
6.5.5 Southeast Asia Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Dow
7.1.1 Dow Company Information
7.1.2 Dow Business Overview
7.1.3 Dow 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Dow 1,2-Propandiol Products Offered
7.1.5 Dow Recent Development
7.2 Lyondell Basell
7.2.1 Lyondell Basell Company Information
7.2.2 Lyondell Basell Business Overview
7.2.3 Lyondell Basell 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Lyondell Basell 1,2-Propandiol Products Offered
7.2.5 Lyondell Basell Recent Development
7.3 Indorama (Huntsman)
7.3.1 Indorama (Huntsman) Company Information
7.3.2 Indorama (Huntsman) Business Overview
7.3.3 Indorama (Huntsman) 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Indorama (Huntsman) 1,2-Propandiol Products Offered
7.3.5 Indorama (Huntsman) Recent Development
7.4 ADM
7.4.1 ADM Company Information
7.4.2 ADM Business Overview
7.4.3 ADM 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.4.4 ADM 1,2-Propandiol Products Offered
7.4.5 ADM Recent Development
7.5 INEOS
7.5.1 INEOS Company Information
7.5.2 INEOS Business Overview
7.5.3 INEOS 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.5.4 INEOS 1,2-Propandiol Products Offered
7.5.5 INEOS Recent Development
7.6 BASF
7.6.1 BASF Company Information
7.6.2 BASF Business Overview
7.6.3 BASF 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.6.4 BASF 1,2-Propandiol Products Offered
7.6.5 BASF Recent Development
7.7 Repsol
7.7.1 Repsol Company Information
7.7.2 Repsol Business Overview
7.7.3 Repsol 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Repsol 1,2-Propandiol Products Offered
7.7.5 Repsol Recent Development
7.8 SKC
7.8.1 SKC Company Information
7.8.2 SKC Business Overview
7.8.3 SKC 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.8.4 SKC 1,2-Propandiol Products Offered
7.8.5 SKC Recent Development
7.9 Shell
7.9.1 Shell Company Information
7.9.2 Shell Business Overview
7.9.3 Shell 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Shell 1,2-Propandiol Products Offered
7.9.5 Shell Recent Development
7.10 Anhui Tongling Jintai
7.10.1 Anhui Tongling Jintai Company Information
7.10.2 Anhui Tongling Jintai Business Overview
7.10.3 Anhui Tongling Jintai 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Anhui Tongling Jintai 1,2-Propandiol Products Offered
7.10.5 Anhui Tongling Jintai Recent Development
7.11 Shandong Shida Shenghua Chemical Co., Ltd.
7.11.1 Shandong Shida Shenghua Chemical Co., Ltd. Company Information
7.11.2 Shandong Shida Shenghua Chemical Co., Ltd. Business Overview
7.11.3 Shandong Shida Shenghua Chemical Co., Ltd. 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Shandong Shida Shenghua Chemical Co., Ltd. 1,2-Propandiol Products Offered
7.11.5 Shandong Shida Shenghua Chemical Co., Ltd. Recent Development
7.12 CNOOC Shell Petrochemical
7.12.1 CNOOC Shell Petrochemical Company Information
7.12.2 CNOOC Shell Petrochemical Business Overview
7.12.3 CNOOC Shell Petrochemical 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.12.4 CNOOC Shell Petrochemical 1,2-Propandiol Products Offered
7.12.5 CNOOC Shell Petrochemical Recent Development
7.13 Haike Xinyuan
7.13.1 Haike Xinyuan Company Information
7.13.2 Haike Xinyuan Business Overview
7.13.3 Haike Xinyuan 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Haike Xinyuan 1,2-Propandiol Products Offered
7.13.5 Haike Xinyuan Recent Development
7.14 Daze Chemical
7.14.1 Daze Chemical Company Information
7.14.2 Daze Chemical Business Overview
7.14.3 Daze Chemical 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Daze Chemical 1,2-Propandiol Products Offered
7.14.5 Daze Chemical Recent Development
7.15 Depp Technology
7.15.1 Depp Technology Company Information
7.15.2 Depp Technology Business Overview
7.15.3 Depp Technology 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Depp Technology 1,2-Propandiol Products Offered
7.15.5 Depp Technology Recent Development
7.16 Ningbo Zhetie Dafeng Chemical Co., Ltd.
7.16.1 Ningbo Zhetie Dafeng Chemical Co., Ltd. Company Information
7.16.2 Ningbo Zhetie Dafeng Chemical Co., Ltd. Business Overview
7.16.3 Ningbo Zhetie Dafeng Chemical Co., Ltd. 1,2-Propandiol Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Ningbo Zhetie Dafeng Chemical Co., Ltd. 1,2-Propandiol Products Offered
7.16.5 Ningbo Zhetie Dafeng Chemical Co., Ltd. Recent Development
8 1,2-Propandiol Manufacturing Cost Analysis
8.1 1,2-Propandiol Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of 1,2-Propandiol
8.4 1,2-Propandiol Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 1,2-Propandiol Distributors List
9.3 1,2-Propandiol Customers
10 1,2-Propandiol Market Dynamics
10.1 1,2-Propandiol Industry Trends
10.2 1,2-Propandiol Market Drivers
10.3 1,2-Propandiol Market Challenges
10.4 1,2-Propandiol Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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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.
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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.
Published: 2024-09-21
Pages: 179
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.
Published: 2024-09-21
Pages: 147
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.
Published: 2024-09-21
Pages: 110
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