Monopropylene Glycol (MPG) Market
Monopropylene Glycol (MPG) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Monopropylene Glycol (MPG) Market Size and Growth
The Monopropylene Glycol (MPG) market is experiencing steady growth, driven by increasing demand in pharmaceuticals, food, and cosmetics. As of 2023, the global market size is valued at approximately $3 billion, with further expansion anticipated due to versatile applications and sustainable production methods. Market conditions indicate a positive outlook for MPG.
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Companies Covered
(Covid 19 Impact Covered)
◍ DowDuPont
◍ BASF
◍ Huntsman
◍ ADM
◍ OLEON
◍ Polioles
◍ LyondellBasell
◍ Repsol
◍ INEOS
◍ AGC Chemicals
◍ Shell
◍ ADEKA
◍ SKC
◍ PJSC Nizhnekamskneftekhim
◍ PCC Rokita
◍ Shandong Shida Shenghua Chemical
◍ Tongling Jintai Chemical
The Monopropylene Glycol (MPG) market features major players like DowDuPont, BASF, and Huntsman, focusing on diverse applications in food, pharmaceuticals, and cosmetics. These companies drive growth through innovation and expanding production capacities. Notable sales figures include:
- DowDuPont: ~$3.5 billion.
- BASF: ~$4 billion.
- ADM: ~$2.2 billion.
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◍ CNOOC and Shell Petrochemicals
Market Segmentation
By Application
Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Industrial
Others
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By Product
Industrial Grade
Food Grade
Pharmaceutical Grade
Market Growth
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$ X Billion USD
