Propylene Glycol Price Trend and Forecast

Regional Market Overview

Get the latest insights on price movement and trend analysis of Propylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Propylene Glycol Price Trend for the H1 of 2023


The Propylene Glycol market in the Asia-Pacific region witnessed extreme fluctuations in the first and second quarters of 2023. The prices were majorly affected by the low-cost support from the raw materials in the first few months.

However, in the subsequent months, the trend gained momentum with the improvement in the pharmaceutical and cosmetic sector in both domestic and international markets. But in the second quarter, the Indian government-imposed restrictions on the import of Propylene Glycol, which significantly impacted its price trend in the Asia-Pacific region.


The European market showcased a declining trajectory in terms of the prices of Propylene Glycol as the feedstock prices nosedived. In addition, from March, the supply chain in the region worked at its peak efficiency, ensuring the surplus availability of the product in the region while the demand from the pharmaceuticals and cosmetics sector subdued, and the region witnessed a low number of new orders. These factors, along with the cuts in the production rates, negatively influenced the Propylene Glycol market and thus led to a downward trajectory in the prices.

North America

In January, the prices of Propylene Glycol struggled with the falling prices of feedstock materials and fluctuating market sentiments. But from then, the consistent demand from the end-user industries helped the trend of Propylene Glycol to remain afloat, which eventually led to a decrease in the level of inventories, and the prices of Propylene Glycol rose sharply.

Additionally, the rising crude oil prices supported the feedstock prices, but in the latter months of the first quarter and throughout the second quarter, the downstream market struggled to maintain its demand dynamics, which led to the downfall in the prices.

Analyst Insight

According to Procurement Resource, the price trend of Propylene Glycol is expected to showcase a downward trajectory. The slow demand from the pharmaceuticals and cosmetics sectors will likely negatively impact the market.

Procurement Resource provides latest prices of Propylene Glycol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Propylene glycol is a colorless, odorless, and slightly sweet-tasting organic compound with the chemical formula C3H8O2. It is a type of alcohol and belongs to the class of diols. Propylene glycol is widely used in various industries due to its unique properties. It is a hygroscopic liquid, meaning it absorbs water from the air. This property makes it valuable as a humectant in products like cosmetics, food, and pharmaceuticals, helping to retain moisture and prevent drying.

Additionally, it has low toxicity and is considered safe for human consumption, leading to its usage as a food additive and in medicinal preparations. Propylene glycol also functions as a solvent in numerous applications, making it a versatile and widely employed chemical compound.

Product Details

Report Features Details
Product Name Propylene Glycol
Chemical Formula C3H8O2
Industrial Uses Cosmetics and personal care items, Antifreeze and deicing fluid, Industrial coolant, Food additive and solvent, Chemical processing 
HS Code 29053200
CAS Number 57-55-6
Molecular weight 76.09 g/mol
Supplier Database Lyondell Basell Industries Holdings B.V., INEOS, BASF SE, Repsol, Dow
Region/Countries Covered 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
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-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.

Production Processes

This process involves reacting hydrogen peroxide and propylene monomer to produce propylene oxide. Additionally, propylene glycol is created by hydrating the acquired product, propylene oxide.

In this process, propylene oxide is directly hydrolyzed with water to produce propylene glycol.

In this procedure, hypochlorous acid and propylene monomer react to form propylene chlorohydrin. Additionally, sodium hydroxide reacts with propylene chlorohydrin to produce propylene glycol.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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