Propylene Glycol Price: Charts, Historical Trends and Forecast Insights

Propylene Glycol Price Trends and Market Outlook (Ex-Works China)

From October to December 2024, the price of Propylene Glycol in China (Ex-Works) experienced a significant year-on-year (YoY) decline, reflecting persistent market pressures and subdued economic sentiment. In October 2024, prices dropped to 1005 USD/MT, down from 1128 USD/MT in October 2023, representing a 10.9% decrease. The downward trend continued into November, where prices fell further to 985 USD/MT, compared to 1115 USD/MT the previous year-a YoY decrease of 11.7%. The most dramatic drop occurred in December 2024, with Propylene Glycol prices declining to 920 USD/MT from 1145 USD/MT in December 2023, marking a 19.7% YoY fall.

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Several factors contributed to this price decline, including high inventory levels, limited downstream buying interest, and global economic uncertainties that reduced industrial activity. Additionally, lower feedstock costs and improved production efficiencies may have played a role in the overall pricing pressure.

Looking ahead to 2025, Expert Market Research predicts a regionally varied recovery in Propylene Glycol prices. This outlook is driven by steady demand growth-particularly from the food, pharmaceutical, and cosmetics sectors-as well as cautious supply management by producers. Market participants are expected to balance production and inventory levels more strategically to avoid further price erosion, while also responding to anticipated recovery in global industrial output.

Although the 2024 price trend was largely bearish, the 2025 forecast suggests a more optimistic but measured rebound, dependent on macroeconomic stability and balanced supply-demand dynamics. Stakeholders should monitor policy developments, crude oil trends, and end-use industry growth as key indicators for future pricing shifts.

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Global Trade Overview of Propylene Glycol

The international trade landscape for Propylene Glycol reflects a diverse network of key exporters, importers, and prominent industry players. The following provides a snapshot of the leading exporting and importing countries, as well as the major suppliers that influence global market dynamics.

Leading Exporting Countries

Several countries dominate the export market for Propylene Glycol, driven by their advanced petrochemical industries and well-established manufacturing infrastructure. Germany, China, USA, and South Korea are among the top exporters. These nations benefit from strong domestic production capacities and strategic access to global markets. Thailand, Singapore, Netherlands, and France also play critical roles as regional export hubs, leveraging geographic advantages and integrated chemical sectors.

Leading Importing Countries

On the import side, demand is concentrated in regions with limited domestic production and strong consumption needs across various industries. India, France, Italy, and China are significant importers, utilizing Propylene Glycol in pharmaceuticals, food processing, and cosmetics. Other major import destinations include Spain, Japan, Indonesia, and Turkey, where growing industrial activity and consumer demand continue to drive imports.

Major Suppliers

The global Propylene Glycol market is supported by a mix of multinational chemical corporations and regional producers. Key suppliers include:

• LyondellBasell Industries (Netherlands)
• Dow Chemical (USA)
• Huntsman Corporation (USA)
• ADM (Archer Daniels Midland) (USA)
• Dongying Hi-Tech Spring Chemical Ltd (China)
• Solvay S.A. (Belgium)
• Repsol (Spain)
• DOWA Holdings Co., Ltd. (Japan)

These companies contribute significantly to global supply through extensive production networks, R&D capabilities, and long-term customer relationships.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Propylene Glycol Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for propylene glycol. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing propylene glycol prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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