The Global Monopropylene Glycol (MPG) Market was valued at USD 4.62 Billion in 2022 and is projected to reach USD 5.70 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period (2023–2029). This steady growth is fueled by rising demand from key end-use industries such as Unsaturated Polyester Resins (UPR), food & beverages, pharmaceuticals, and cosmetics & personal care, alongside an expanding industrial base in emerging economies.

As versatile applications from antifreeze to humectants drive consumption, the focus turns to the key chemical producers who are scaling production, innovating with bio-based alternatives, and securing supply chains. This blog profiles the Top 10 Companies in the Monopropylene Glycol (MPG) Industry—a mix of global chemical giants and specialized producers shaping the market’s future.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Industrial Grade MPG, Food Grade MPG, Pharmaceutical Grade MPG

Dow is a leading global producer of propylene glycol, with a significant market share and a diversified product portfolio catering to numerous industries. Their large-scale manufacturing capabilities and robust global supply chain make them a pivotal supplier worldwide.

Sustainability and Innovation Initiatives:

• Investment in bio-based propylene glycol production pathways

• Commitment to circular economy principles and reducing carbon footprint

• Development of high-purity grades for sensitive applications like pharmaceuticals

Download FREE Sample Report: Monopropylene Glycol (MPG) Market – View in Detailed Research Report

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9️⃣ 2. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Industrial Grade MPG, Specialty Glycols

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell is a major force in the MPG market. Their extensive production network ensures a reliable supply of propylene oxide, the primary raw material for MPG.

Sustainability and Innovation Initiatives:

• Focus on operational efficiency and process optimization to reduce environmental impact

• Exploring renewable feedstocks for chemical production

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8️⃣ 3. INEOS Oxide

Headquarters: Rolle, Switzerland
Key Offering: Propylene Glycol (PG) Industrial, Propylene Glycol (PG) USP/EP

INEOS Oxide is a leading producer of ethylene and propylene oxide derivatives, including a substantial output of monopropylene glycol. The company has a strong presence in Europe and North America, supplying a wide range of sectors.

Sustainability and Innovation Initiatives:

• Implementation of advanced technologies for cleaner production processes

• Supply chain partnerships to enhance product stewardship

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Pluracol® Polyols, High-Purity MPG for Pharma/Cosmetics

BASF, the world’s largest chemical producer, is a key supplier of high-quality monopropylene glycol, particularly for demanding applications in pharmaceuticals, food, and personal care due to its stringent purity standards.

Sustainability and Innovation Initiatives:

• Strong R&D focus on bio-based and sustainable chemical solutions

• Ambitious climate protection goals aiming for net-zero CO2 emissions by 2050

Download FREE Sample Report: Monopropylene Glycol (MPG) Market – View in Detailed Research Report

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6️⃣ 5. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based Propylene Glycol (Bio-PG)

ADM is a prominent player in the bio-based segment of the MPG market. Unlike petrochemical-based producers, ADM manufactures propylene glycol from renewable plant-based feedstocks, catering to the growing demand for sustainable ingredients.

Sustainability and Innovation Initiatives:

• Pioneer in bio-industrial products, offering a lower-carbon footprint alternative

• Strategic focus on meeting consumer demand for natural and renewable products

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5️⃣ 6. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Industrial Grade MPG

Shell Chemicals, a division of the energy major Shell, produces monopropylene glycol as part of its broader chemicals portfolio. Its integrated operations from raw materials to finished products provide a competitive advantage.

Sustainability and Innovation Initiatives:

• Investment in chemical recycling and circular economy projects

• Exploring pathways to decarbonize its chemical production assets

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4️⃣ 7. Repsol

Headquarters: Madrid, Spain
Key Offering: Industrial and Pharmaceutical Grade MPG

Repsol is a leading energy and petrochemical company in Spain with significant MPG production capacity. It serves both the Iberian Peninsula and international markets, with a focus on high-value chemical products.

Sustainability and Innovation Initiatives:

• Commitment to becoming a net-zero emissions company by 2050

• Development of circular economy models for plastics and chemicals

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3️⃣ 8. SKC

Headquarters: Seoul, South Korea
Key Offering: High-Purity MPG for Electronics and Specialty Applications

SKC is a major South Korean chemical company with a strong focus on specialty chemicals. Its production of high-purity MPG is critical for applications in the electronics industry, such as solvents for semiconductors, as well as other advanced uses.

Sustainability and Innovation Initiatives:

• R&D driven approach to develop eco-friendly and high-performance chemical products

• Expansion of its global footprint to serve international markets more effectively

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2️⃣ 9. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Specialty MPG for Performance Materials

Huntsman’s Performance Products segment is a significant producer of propylene glycol, which is used internally for its polyurethanes and also sold as a merchant product. They serve a wide array of markets from automotive to adhesives.

Sustainability and Innovation Initiatives:

• Development of sustainable polyol technologies incorporating bio-content

• Focus on creating materials that enhance energy efficiency and reduce waste

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1️⃣ 10. OLEON NV

Headquarters: Ertvelde, Belgium
Key Offering: Bio-based MPG, Specialty Esters and Polyols

OLEON, a subsidiary of AVALON, specializes in oleochemistry – producing chemicals from natural oils and fats. It is a key European supplier of bio-based propylene glycol, leveraging its expertise in green chemistry.

Sustainability and Innovation Initiatives:

• Core business model centered on 100% renewable and biodegradable raw materials

• Strong focus on R&D for bio-based alternatives to conventional chemicals

Get Full Report Here: Monopropylene Glycol (MPG) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Monopropylene Glycol is Sustainable and Specialized

The MPG market is evolving beyond its traditional industrial roots. While demand for Industrial Grade MPG in UPRs and antifreeze remains the volume driver, the highest growth is anticipated in high-purity and bio-based segments, driven by consumer trends and regulatory shifts.

📈 Key Trends Shaping the Market:

• Accelerating demand for Pharmaceutical and Food Grade MPG post-pandemic, emphasizing supply chain security and quality

• Growing consumer preference for natural ingredients driving investment in bio-based MPG production

• Expansion of Unsaturated Polyester Resin applications in construction and automotive composites

• Regional production shifts and capacity expansions, particularly in Asia and the Middle East, to meet local demand

Get Full Report Here: Monopropylene Glycol (MPG) Market – View in Detailed Research Report

The companies profiled above are not just supplying a essential chemical; they are actively investing in the technologies and sustainable practices that will define the future of the global MPG industry.