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Dipropylene Glycol Price Trend Analysis 2026: Price Drivers, Latest News, Supply Demand Analysis, Market Insights & Historical Prices
Written ByPrakhar Panchbhaiya
Dipropylene Glycol Price Trend 2024
Asia
In Asia, Dipropylene Glycol (DPG) prices showed a mixed pattern throughout 2024. The first quarter began with declining prices due to lower consumption in downstream sectors and currency fluctuations, particularly the weakening of the South Korean won against the US dollar. By Q2, the market stabilized briefly before turning bearish as tepid demand and excessive supply pushed manufacturers in China to lower their quotations.
The third quarter continued this downward trend with range-bound oscillations, influenced by falling upstream propylene prices. Manufacturers faced challenges as buyers adopted a cautious wait-and-see approach, making purchases only when necessary and expecting further price reductions.
Europe
European DPG markets exhibited more volatility in 2024. The year started with an upward price trend driven by geopolitical tensions, logistical disruptions, and constrained inventories. Strong demand from food, healthcare, and pharmaceutical sectors supported this initial price increase. The second quarter saw a deflationary trend as construction activities slowed and the downstream polyol sector weakened. Producers prioritized price stability over profit margins, attempting to reduce older inventories. In the latter half of the year, prices rose despite weak demand, primarily due to rising upstream propylene costs caused by constrained supply and shipping cargo availability.
North America
North American DPG markets experienced steady price increases during the first half of 2024, supported by strong demand from food, pharmaceutical, and healthcare sectors. Growing warehousing demand strained storage capacity, increasing distribution costs that were passed on to consumers.
The second quarter showed relative stability with slight increases as suppliers stocked inventories in anticipation of adverse weather conditions. The third quarter saw oscillating prices, initially positive before declining in September due to softening demand and logistics challenges from seasonal hurricanes, which temporarily disrupted production at some facilities.
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Asia
The prices for dipropylene glycol stayed toward the lower end of the range in the third and fourth quarters of 2023. The compound is an essential component of polyurethane foams, lubricants, and personal care products, and thus, the pricing trajectory of dipropylene glycol was highly dependent on demand from these sectors as well as the dynamics of propylene oxide price.
Therefore, the price of dipropylene glycol decreased during the period, as did the price of raw materials. Further, suppliers were forced to lower prices to promote inventory movement due to excess inventory. The dipropylene glycol prices, however, fluctuated in the northward direction on the advent of the holiday season but soon restored to the previous trajectory when consumer interest in this sector declined.
Europe
In European countries, during the third and fourth quarters of 2023, the dipropylene glycol market followed the patterns observed in Asian countries. The demand for the product remained dull in view of the exaggerated geopolitical challenges. The start of the Israel-Hamas war amid the ongoing Russia-Ukraine crises lowered the rate of exports from European countries, resulting in a robust rise in inventory levels and severely damaging Europe's economy. The period also witnessed fluctuating domestic trade patterns, which led to generally muted market patterns.
North America
Q3 and Q4'23 saw depreciation in the pricing patterns of dipropylene glycol in North America, in accordance with the global trend of the market. The international trading sector of the North American market was disturbed by economic concerns and logistical obstacles, which led to a downward price swing in the dipropylene glycol price trend. Further, the decline in the cost of raw materials and crude oil lowered the production prices and increased the output rates, which eventually led to the southward movement of the dipropylene glycol price trend throughout H2 of 2023.
About Dipropylene Glycol
Dipropylene glycol is known as a mixture of three isomeric chemical compounds, namely 2-propan-1-ol, 4-oxa-2,6-heptandiol, and 2--propan-1-ol. In appearance, it is a colourless liquid that is odourless as well. It is miscible with water and soluble in ethanol. It comes in two grades, that is, fragrance grade and industrial grade. It is a common ingredient in commercial fog fluid and is also used as a solvent for a lot of applications owing to its properties.
Dipropylene Glycol Product Detail
Chemical Formula
C6H14O3
Cas Number
25265-71-8
Molecular Weight
134.173 g/mol
Industrial Uses
Plasticisers, Perfumery, Skin care and hair care products, Commercial fog fluid, Polymerisation Initiator, Solvent, Intermediates , Resins , Urethane polyols, Cleaner formulations, Pharmaceutical preparations
Synonyms
4-Oxa-2,6-hexandiol , 4-Oxa-1,6-hexandiol, 1,1'-Oxybis(1-propanol), 1,1'-Oxybis(2-propanol)
Supplier Database
Royal Dutch Shell Plc, LyondellBasell Industries Holdings B.V, The Dow Chemical Company, Solventis, Sumitomo Corporation
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Dipropylene Glycol Production Processes
- Production of Dipropylene Glycol from Propylene Oxide
Dipropylene Glycol is produced in a two-step process. The first step involves the reaction of propylene oxide with water to obtain a mixture of monopropylene glycol (MPG) and Dipropylene Glycol (DPG). In the second step, the obtained mixture undergoes distillation and purification to separate the two components and finally obtain Dipropylene Glycol.
About the Author
Prakhar Panchbhaiya
Assistant Manager: Business Insights and Content
Supporting procurement teams with category intelligence, market research, price trends, supply-demand analysis, and strategic sourcing insights across key industries.
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