Monopropylene Glycol (MPG) Market

Monopropylene glycol is a clear, colorless, and hygroscopic liquid with a characteristic odor. It is miscible with water, alcohols, ketones, aldehydes, and many other organic solvents. Monopropylene glycol is an important intermediate for the production of unsaturated polyester resins, alkyd resins, synthetic lubricants, and surfactants. It is also used as an antifreeze agent, hydraulic fluid, heat-transfer medium, and a component in many other industrial and consumer products.

Monopropylene glycol (MPG) has been seeing a surge in demand for its applications in the food, pharmaceutical, and cosmetics industries. The rise in demand is primarily attributed to an increasing consumer shift towards organic products and a growth in the global population.

MPG (mono propylene glycol) is a clear, colorless, hygroscopic liquid with a distinct odor. It is miscible with water in all proportions and soluble in most organic solvents. Monopropylene glycol consists of two propylene molecules joined by an oxygen atom.

The global mono propylene glycol market was valued at $XX billion in 2018 and is expected to reach $XX billion by 2031, growing at a CAGR of **% from 2018 to 2031.

Some of the key players operating in the global mono propylene glycol market include DowDuPont, BASF, Huntsman, ADM, OLEON, Polioles, LyondellBasell, Repsol, INEOS, AGC Chemicals, Shell, and ADEKA.