The Global Industrial Grade Monopropylene Glycol Market was valued at USD 4.83 Billion in 2024 and is projected to reach USD 6.51 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2030). This growth is driven by rising demand from the unsaturated polyester resins (UPR) sector, expanding applications in anti-freeze & de-icing fluids, and the increasing use of industrial-grade MPG as a chemical intermediate across various manufacturing industries.

As global manufacturing sectors prioritize efficiency, performance, and versatility in chemical feedstocks, the spotlight turns to the key producers who are driving innovation, ensuring supply chain resilience, and developing sustainable production pathways. In this blog, we profile the Top 10 Companies in the Industrial Grade Monopropylene Glycol Industry—a mix of global chemical giants and specialized producers shaping the future of this essential chemical.

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🔟 1. The Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Industrial Grade Propylene Glycol (PG Industrial)

Dow is a global leader in the production of propylene glycol, offering high-purity industrial grade products from its world-scale manufacturing facilities. Their MPG is a critical raw material for unsaturated polyester resins, liquid detergents, and functional fluids, supported by a robust global supply chain.

Strategic Initiatives:

• Investment in bio-based propylene glycol production pathways
• Focus on circular economy principles and reducing the carbon footprint of chemical production
• Strong technical support and customer collaboration for application development

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Industrial Grade Propylene Glycol

BASF is a major producer of propylene glycol, catering to a wide array of industrial applications across Europe, Asia, and the Americas. Their industrial grade MPG is known for its consistent quality and is integral to the production of plastics, coatings, and coolants.

Strategic Initiatives:

• Commitment to sustainable production via Verbund system integration
• Research into renewable raw materials for glycol production
• Global production network ensuring supply security for key markets

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Industrial Grade Propylene Glycol

Huntsman is a prominent global manufacturer of chemicals, including a significant portfolio of propylene oxide derivatives like industrial grade MPG. Their products serve the composites, construction, and transportation industries through reliable and high-performance solutions.

Strategic Initiatives:

• Expansion of propylene oxide and derivative capacities to meet growing demand
• Strategic footprint in key growth regions like Asia-Pacific
• Focus on innovation in downstream applications for MPG

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Industrial Grade Monopropylene Glycol Market – View in Detailed Research Report

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7️⃣ 4. Archer-Daniels-Midland Company (ADM)

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

ADM is a key player in the bio-based chemicals space, producing propylene glycol from renewable resources like vegetable oils. Their industrial grade bio-MPG offers a sustainable alternative for manufacturers seeking to reduce their environmental footprint without compromising performance.

Strategic Initiatives:

• Pioneering and scaling bio-based PG production technology
• Leveraging agricultural supply chain for renewable feedstocks
• Meeting demand for green chemicals in various industrial sectors

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6️⃣ 5. Oleon NV (Part of Avril Group)

Headquarters: Ertvelde, Belgium
Key Offering: Industrial Grade Propylene Glycol, Bio-based PG

Oleon, a specialist in oleochemistry, produces propylene glycol derived from natural fats and oils. Their focus on bio-based solutions positions them as a crucial supplier for the European market, catering to industries demanding sustainable and high-quality chemical intermediates.

Strategic Initiatives:

• Expansion of oleochemicals portfolio, including bio-PG
• Strong focus on R&D for green chemistry applications
• Strategic location in Europe for serving local and export markets

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5️⃣ 6. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Industrial Grade Propylene Glycol

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell is a major producer of propylene oxide and its derivatives, including industrial grade MPG. Their large-scale integrated manufacturing provides a competitive edge in the global market.

Strategic Initiatives:

• World-scale PO/TBA (Propylene Oxide/Tert-Butyl Alcohol) plants driving MPG production
• Global supply chain and logistics capabilities
• Commitment to operational excellence and safety standards

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4️⃣ 7. INEOS Oxide

Headquarters: Rolle, Switzerland
Key Offering: Industrial Grade Propylene Glycol

INEOS is a leading producer of oxide chemicals in Europe and holds a significant market position in propylene glycol. Their industrial grade MPG is essential for applications in resins, paints, and de-icing fluids, supported by a strong European manufacturing base.

Strategic Initiatives:

• Investment in maintaining and optimizing European oxide production assets
• Focus on safety, health, and environmental performance
• Strategic partnerships to secure feedstock and market access

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Industrial Grade Monopropylene Glycol Market – View in Detailed Research Report

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3️⃣ 8. AGC Chemicals

Headquarters: Tokyo, Japan
Key Offering: Industrial Grade Propylene Glycol

AGC Chemicals is a key supplier of propylene glycol in the Asia-Pacific region. The company provides high-quality industrial grade MPG for a range of applications, from electronics to construction materials, leveraging its advanced chemical manufacturing expertise.

Strategic Initiatives:

• Serving growing APAC demand for industrial chemicals
• Focus on high-purity products for specialized industrial applications
• Integration within the broader AGC fluorochemicals and specialty glass business

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2️⃣ 9. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Industrial Grade Propylene Glycol

Shell produces industrial grade monopropylene glycol as part of its diverse chemicals portfolio. Their strategic position in the global energy and chemicals market provides them with integrated feedstock advantages and a robust distribution network.

Strategic Initiatives:

• Leveraging integrated refining and chemicals complexes for production
• Focus on sustainability through its “Powering Progress” strategy
• Global reach supplying various industrial segments

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1️⃣ 10. SKC

Headquarters: Seoul, South Korea
Key Offering: High-Purity Industrial Grade Propylene Glycol

SKC, part of the SK Group, is a significant chemical producer in South Korea with a focus on electronic chemicals and materials. Their production of high-purity industrial grade MPG caters to demanding applications in the region’s robust manufacturing sector.

Strategic Initiatives:

• Investment in chemical divisions to support high-tech industries
• Expansion of petrochemical and specialty chemical capacities
• Strong presence in the dynamic Asian market

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Industrial Grade Monopropylene Glycol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Industrial Grade MPG Is Versatile and Sustainable

The industrial grade monopropylene glycol market is evolving rapidly. While traditional petrochemical routes currently dominate production, the industry is increasingly investing in bio-based alternatives, process optimizations, and exploring new high-growth applications.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based MPG driven by sustainability mandates and corporate ESG goals
• Expansion of the unsaturated polyester resin market, a major consumer of industrial MPG
• Innovation in anti-icing and de-icing fluids for aviation and automotive sectors
• Geographic shift in production and consumption towards Asia-Pacific

Get Full Report Here:
Industrial Grade Monopropylene Glycol Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial chemical—they are driving the innovation and sustainability required for modern manufacturing.