Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22889
Buy Now

Mono Propylene Glycol (MPG) Prices June 2023

Product
Category Region Price
Mono Propylene Glycol (MPG) Petrochemicals USA 3272 USD/MT
Mono Propylene Glycol (MPG) Petrochemicals China 175751 USD/MT
Mono Propylene Glycol (MPG) Petrochemicals Germany 3255 USD/MT


The price of mono propylene glycol (MPG) in the USA reached 3272 USD/MT in June 2023.
The price trend for mono propylene glycol (MPG) in China touched 175751 USD/MT in June 2023.
In Germany, mono propylene glycol (MPG) prices reached 3255 USD/MT in June 2033.

Mono Propylene Glycol (MPG) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of mono propylene glycol (MPG) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of mono propylene glycol (MPG) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of mono propylene glycol (MPG) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing mono propylene glycol (MPG) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Mono Propylene Glycol (MPG) Price Trend

Mono Propylene Glycol (MPG) Market Analysis

The global mono propylene glycol (MPG) market size reached US$ 3.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.7 Billion, at a projected CAGR of 4.80% during 2023-2032.

  • The food and beverages (F&B) industry makes use of mono propylene glycol (MPG) as a humectant, preservative, and flavor carrier. This product’s demand is rising because of the hike in consumption of processed and convenience foods. The market for convenience food products is expected to touch US$ 782.7 billion by 2032, with a yearly pace of 5.47%. Mono propylene glycol has the ability to maintain moisture, improve texture, and stabilize flavors, which makes it an important ingredient in many food products, like baked goods, snacks, and beverages. Additionally, the rising popularity of ready-to-eat (RTE) meals, which is growing rapidly to reach US$ 262.4 billion by 2032, and the expansion of the food processing industry are propelling the demand for MPG in these sectors.
  • MPG is an important ingredient in the pharmaceutical and cosmetic industries because of its low toxicity and excellent solubility. It is used as a solvent in oral, injectable, and topical medications. This product is also employed in personal care items like lotions, creams, and deodorants. The rising product demand in the personal care industry, which shows a yearly growth of 4.5%, is also impacting the demand for mono propylene glycol. Also, there is a hike in consumer knowledge about personal grooming and the prevalence of chronic diseases that need continuous medication.
  • MPG is a primary ingredient in e-cigarette and vaping liquids as it is known to act as a carrier for nicotine and flavors. The rapid growth of the e-cigarette and vaping market, driven by the increasing number of smokers switching to these alternatives, is majorly boosting the demand for MPG. The industry for e-cigarettes is known to touch US$ 38.8 billion by 2032. MPG’s ability to produce a smooth vapor without harmful effects makes it a preferred choice in this industry. Moreover, the introduction of new flavors and the expansion of the vaping market in regions like Asia-Pacific and Europe contribute to the rising demand for MPG. As per an industry report, in 2023, 20.5% of children in Europe had tried vaping, which is up from 15.8% in 2022. The majority of this group had only vaped once or twice, while 7.6% were currently vaping.
  • The pet food industry’s growth due to increasing pet ownership and spending on pet care is a significant driver for the market’s expansion. MPG is used as a humectant and preservative in pet food to maintain moisture and extend shelf life. With the growth of the pet food industry, which is rising at an annual rate of 4.6%, the market for mono propylene glycol is also surging. Also, the escalating demand for premium and organic pet food products, which require high-quality ingredients, is boosting the use of MPG.

Mono Propylene Glycol (MPG) News

The report covers the latest developments, updates, and trends impacting the global mono propylene glycol (MPG) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in mono propylene glycol (MPG) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the mono propylene glycol (MPG) price trend.

Latest developments in the mono propylene glycol (MPG) industry:

  • In April 2024, State-owned GAIL (India) Ltd proposed its plan to lay an ethylene/propylene (C2/C3) liquid pipeline from its gas processing complex at Vijaipur in the central Madhya Pradesh state to its Pata petrochemical complex at Auraiya in the northern Uttar Pradesh state. The proposed project is expected to cost Indian rupees (Rs) 17.9bn ($215m) and will be commissioned within 32 months.
  • In May 2024, SHELL Singapore agreed to selling all its interest in Energy and Chemicals Park to CAPGC, a joint venture between commodity trader Glencore’s unit Glencore Asian Holdings and Chandra Asri Capital. The latter is a unit of Indonesia’s largest integrated petrochemical company, Chandra Asri. Shell’s Singapore subsidiary’s total interest in the agreement with CAPGC includes both commercial contracts and physical assets that comprise its integrated refining and chemicals assets on Pulau Bukom and Jurong Island.

Product Description

Mono propylene glycol (MPG), also known as propylene glycol or 1,2-propanediol, is a colorless, odorless, and slightly viscous liquid. It is available in industrial grade and pharmaceutical (USP/EP) grade. Mono propylene glycol exhibits key properties, including a high boiling point, low toxicity, and excellent solvency. It is manufactured using propylene oxide, which reacts with water to form the final product. Mono propylene glycol finds application in antifreeze and de-icing solutions, food additives, cosmetics, pharmaceuticals, e-cigarette liquids, hydraulic fluids, pet food, and as a solvent in various formulations. It is also used in the production of plastics, resins, and polyester fibers.

Mono propylene glycol offers numerous benefits, such as low toxicity, excellent solvency, moisture retention properties, and the ability to lower the freezing point of water. Moreover, it is lauded for its biodegradability, non-corrosiveness, non-carcinogenic nature, thermal stability, compatibility with other chemicals, and effectiveness as a humectant and preservative.

Regional Coverage

The report provides a detailed analysis of the mono propylene glycol (MPG) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the mono propylene glycol (MPG) price trend.

Global Mono Propylene Glycol (MPG) Price

The report offers a holistic view of the global mono propylene glycol (MPG) pricing trends in the form of mono propylene glycol (MPG) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of mono propylene glycol (MPG) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed mono propylene glycol (MPG) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Mono Propylene Glycol (MPG) Price

European mono propylene glycol (MPG) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed mono propylene glycol (MPG) price information for a comprehensive list of countries.

Region Countries Covered
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, among other European countries.


North America Mono Propylene Glycol (MPG) Price

The analysis of mono propylene glycol (MPG) prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific mono propylene glycol (MPG) historical data within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada.


Middle East and Africa Mono Propylene Glycol (MPG) Price

The report explores the mono propylene glycol (MPG) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on mono propylene glycol (MPG) prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.


Asia Pacific Mono Propylene Glycol (MPG) Price

The mono propylene glycol (MPG) pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This mono propylene glycol (MPG) price analysis can be expanded to include a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.


Latin America Mono Propylene Glycol (MPG) Price

The analysis of mono propylene glycol (MPG) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.


Report Coverage

Key Attributes Details
Product Name Mono Propylene Glycol (MPG)
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Mono Propylene Glycol (MPG) Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 


Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of mono propylene glycol (MPG) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting mono propylene glycol (MPG) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The mono propylene glycol (MPG) price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Purchase options
For 2 Deliverables, Billed Annually

For 4 Deliverables, Billed Annually

For 12 Deliverables, Billed Annually


Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More