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Propylene Glycol Price Trend and Forecast

⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026
  • Commodity Pricing

propylene glycol Markets Covered:

cnChina
inIndia
saSaudi Arabia
aeUnited Arab Emirates
egEgypt
trTurkey
frFrance
beBelgium

Global propylene glycol Price Trend, Analysis and Forecast​

In Q1 2025, propylene glycol prices decreased across key global markets. In China, prices dropped by 10%, reaching 794 USD/Ton, due to a favorable supply-demand balance and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices decreased by 8%, reaching 879 USD/Ton, attributed to a balanced supply-demand situation and steady consumption across these industries. In France, prices fell by 6%, reaching 1564 USD/Ton, driven by consistent consumption and a more balanced market. These price adjustments reflected stable demand and supply conditions across the pharmaceutical, food, and cosmetics sectors in all regions. 

Propylene GlycolTrend Analysis: Q2 2025

In Q1 2025, propylene glycol prices decreased across key global markets. In China, prices dropped by 10%, reaching 794 USD/Ton, due to a favorable supply-demand balance and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices decreased by 8%, reaching 879 USD/Ton, attributed to a balanced supply-demand situation and steady consumption across these industries. In France, prices fell by 6%, reaching 1564 USD/Ton, driven by consistent consumption and a more balanced market. These price adjustments reflected stable demand and supply conditions across the pharmaceutical, food, and cosmetics sectors in all regions. 

In Q1 2025, CIF India (China) propylene glycol prices fell by 10% compared to the previous quarter, reaching 872 USD/Ton. Demand from the pharmaceutical, food, and cosmetics sectors remained stable, with the price drop largely due to a more favorable supply-demand balance and reduced production costs. Despite the decline, consumption across these industries stayed steady, as propylene glycol continued to be widely used in manufacturing. The price change reflected typical market fluctuations, with ongoing demand from these sectors helping to maintain overall market stability during the quarter. 

Propylene Glycol Trend Analysis: Q4 2024

In Q4 2024, propylene glycol prices showed a decline across key global markets. In China, prices decreased by 4%, reaching 887 USD/Ton, driven by a balanced supply-demand situation and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices dropped by 11%, reaching 953 USD/Ton, with the decline attributed to a more balanced supply-demand scenario and steady consumption across the same sectors. In France, prices decreased by 3%, reaching 1664 USD/Ton, influenced by balanced supply-demand conditions and consistent consumption across the pharmaceutical, food, and cosmetics industries. These price adjustments reflect stable market conditions globally.  

In Q4 2024, CIF India (China) propylene glycol prices decreased by 3% compared to the previous quarter, reaching 966 USD/Ton. The pharmaceutical, food, and cosmetics sectors maintained stable demand, with the price drop attributed to a more balanced supply-demand situation and lower production costs. Despite the decrease, consumption remained steady across these industries, indicating consistent use of propylene glycol in manufacturing. The price adjustment reflected typical market fluctuations and did not significantly affect demand in key sectors, as the overall market remained stable, with steady demand from the pharmaceutical, food, and cosmetics industries. 

In Q3 2024, propylene glycol prices showed mixed trends across key global markets. In China, prices decreased by 3%, reaching 920 USD/Ton, driven by a more balanced supply-demand situation and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices increased by 1%, reaching 1076 USD/Ton, with the slight rise attributed to increased production costs and steady consumption across these industries. In France, prices rose by 4%, reaching 1720 USD/Ton, influenced by higher raw material costs and consistent demand from the pharmaceutical, food, and cosmetics sectors. These price adjustments reflect varying market dynamics in each region.  

In Q3 2024, CIF India (China) propylene glycol prices decreased by 1% compared to the previous quarter, reaching 997 USD/Ton. The pharmaceutical, food, and cosmetics sectors experienced stable demand, with a slight price drop attributed to a balanced supply-demand situation. While production costs remained relatively steady, the minor price decrease reflected a stable market environment. Consumption across these industries continued without significant fluctuations, indicating consistent use of propylene glycol in manufacturing processes. The overall market showed resilience, and the price adjustment was a reflection of typical market dynamics within the sectors that rely on propylene glycol. 

In Q2 2024, propylene glycol prices showed a decline across key global markets. In China, prices decreased by 8%, reaching 947 USD/Ton, driven by a favorable supply-demand balance and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices dropped by 3%, reaching 1070 USD/Ton, with steady demand in the same sectors and a more balanced supply-demand situation. In France, prices decreased by 1%, reaching 1653 USD/Ton, with consistent consumption across the pharmaceutical, food, and cosmetics industries and balanced supply and demand conditions. These price adjustments reflected stable market activity and demand trends across the regions. 

In Q2 2024, CIF India (China) propylene glycol prices decreased by 7% compared to the previous quarter, reaching 1009 USD/Ton. The pharmaceutical, food, and cosmetics sectors maintained steady demand, with the price drop attributed to a more balanced supply-demand situation. While production costs were slightly lower, market conditions remained stable, and consumption of propylene glycol in these industries continued at consistent levels. The decrease in price did not significantly affect the demand in key sectors, as they continued to use the product for their manufacturing processes. This price adjustment reflected ongoing stability in market dynamics across the regions. 

In Q1 2024, propylene glycol prices showed varying trends across key global markets. In China, 1026 USD/Ton prices decreased by 2% compared to the previous quarter, with stable demand from the pharmaceutical, food, and cosmetics sectors, reflecting a balanced supply-demand scenario. Meanwhile, in Saudi Arabia, 1100 USD/Ton prices rose by 9%, driven by higher production costs and strong consumption across the same sectors, indicating increased market activity. In France, prices increased by 4%, reaching 1665 USD/Ton with steady demand from the pharmaceutical, food, and cosmetics sectors, influenced by higher raw material costs and ongoing market activity. 

In Q1 2024, CIF India (China) propylene glycol prices increased by 2% compared to the previous quarter, reaching 1081 USD/Ton. The pharmaceutical, food, and cosmetics sectors experienced steady demand, with the price rise attributed to higher production costs and strong consumption across these industries. Despite the increase, the supply-demand balance remained stable, with consistent use of propylene glycol in these key sectors, driving market activity. 

propylene glycol Parameters Covered: 

  • Propylene oxide
  • Glycerin
  •  China
  •  Saudi Arabia
  • Pharma sector
  • Food sector
  • Cosmetics Sector
  • UAE
  • Türkiye
  • Egypt
  •  Belgium
  •  India

Historically, several events have caused significant fluctuations in Propylene Glycol prices

  • Russia-Ukraine Conflict (2022): The Russia-Ukraine conflict, which escalated significantly in 2022, has had various impacts on global supply chains, including the prices of chemicals like propylene glycol. The conflict affected the supply of raw materials and energy resources, which are critical for producing propylene glycol. This led to increased production costs. The uncertainty surrounding the conflict resulted in price volatility for many chemicals, including propylene glycol, as suppliers adjusted to fluctuating costs and demand 
  • Texas Winter Storm (2021): The extreme cold caused many chemical plants and refineries in Texas to shut down or operate at reduced capacity, disrupting the supply of propylene glycol and its raw materials. The cold weather increased demand for propylene glycol in antifreeze and de-icing products, further straining supply. The combination of supply disruptions and heightened demand led to sharp price increases for propylene glycol. Prices surged due to scarcity and increased production costs. 
  • COVID-19 Pandemic (2020): As supply constraints developed and demand from sanitizers grew, prices began to rise later in 2020, leading to increased costs for manufacturers and consumers. 
  • Geopolitical Tensions (2018-2019): Tariffs and trade disputes between the U.S. and China led to increased costs for raw materials and finished products, affecting the chemical industry and driving up prices for propylene glycol. Tensions in regions like the Middle East influenced global oil and gas prices, impacting production costs for petrochemical products, including propylene glycol 
  • Shale Gas Boom (2010s): the shale gas boom stimulated growth in the U.S. chemical sector, leading to increased production of propylene glycol and related products. The U.S. became a more competitive player in the global market, exporting propylene glycol and benefiting from favorable pricing dynamics. 
  • Global Financial Crisis (2008-2009): The economic downturn led to reduced demand for many industrial products, including propylene glycol, as industries like automotive, construction, and consumer goods scaled back operations. As demand weakened, prices for propylene glycol experienced significant declines. Many producers faced pressure to lower prices to stimulate sales and manage inventory. 
  • Hurricane Katrina (2005): The hurricane caused extensive damage to chemical plants and infrastructure in the Gulf Coast region, leading to temporary closures and operational halts. Damage to transportation networks, including ports and roads, disrupted the supply chain for propylene glycol, affecting both production and distribution 

 

These events underscore the Propylene Glycol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics. 

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Historically, several events have caused significant fluctuations in Propylene Glycol prices

  • Russia-Ukraine Conflict (2022): The Russia-Ukraine conflict, which escalated significantly in 2022, has had various impacts on global supply chains, including the prices of chemicals like propylene glycol. The conflict affected the supply of raw materials and energy resources, which are critical for producing propylene glycol. This led to increased production costs. The uncertainty surrounding the conflict resulted in price volatility for many chemicals, including propylene glycol, as suppliers adjusted to fluctuating costs and demand 
  • Texas Winter Storm (2021): The extreme cold caused many chemical plants and refineries in Texas to shut down or operate at reduced capacity, disrupting the supply of propylene glycol and its raw materials. The cold weather increased demand for propylene glycol in antifreeze and de-icing products, further straining supply. The combination of supply disruptions and heightened demand led to sharp price increases for propylene glycol. Prices surged due to scarcity and increased production costs. 
  • COVID-19 Pandemic (2020): As supply constraints developed and demand from sanitizers grew, prices began to rise later in 2020, leading to increased costs for manufacturers and consumers. 
  • Geopolitical Tensions (2018-2019): Tariffs and trade disputes between the U.S. and China led to increased costs for raw materials and finished products, affecting the chemical industry and driving up prices for propylene glycol. Tensions in regions like the Middle East influenced global oil and gas prices, impacting production costs for petrochemical products, including propylene glycol 
  • Shale Gas Boom (2010s): the shale gas boom stimulated growth in the U.S. chemical sector, leading to increased production of propylene glycol and related products. The U.S. became a more competitive player in the global market, exporting propylene glycol and benefiting from favorable pricing dynamics. 
  • Global Financial Crisis (2008-2009): The economic downturn led to reduced demand for many industrial products, including propylene glycol, as industries like automotive, construction, and consumer goods scaled back operations. As demand weakened, prices for propylene glycol experienced significant declines. Many producers faced pressure to lower prices to stimulate sales and manage inventory. 
  • Hurricane Katrina (2005): The hurricane caused extensive damage to chemical plants and infrastructure in the Gulf Coast region, leading to temporary closures and operational halts. Damage to transportation networks, including ports and roads, disrupted the supply chain for propylene glycol, affecting both production and distribution 

 

These events underscore the Propylene Glycol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global propylene glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the propylene glycol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence propylene glycol prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely propylene glycol market data.

Track PriceWatch's propylene glycol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: Price-Watch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Propylene Glycol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire Propylene Glycol supply chain, from raw material availability (e.g., Propylene oxide) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: Price-Watch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Propylene Glycol prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Propylene Glycol production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: Price-Watch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Food sector, pharmaceutical), to predict shifts in Propylene Glycol demand and corresponding price movements. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Propylene Glycol production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Propylene Glycol production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: Price-Watch provides in-depth analysis of demand trends across key sectors, including packaging, food sector, and cosmetics sector. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Propylene Glycol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: Price-Watch utilizes advanced econometric models to forecast Propylene Glycol prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: Price-Watch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that Price-Watch delivers the most accurate, timely, and actionable Propylene Glycol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Propylene Glycol price provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for propylene glycol. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The price of propylene glycol is influenced by several factors, including raw material costs, particularly propylene, and production methods. Fluctuations in energy prices, supply chain dynamics, and seasonal demand from industries such as food and beverages, pharmaceuticals, and cosmetics also play a crucial role. Additionally, regulatory changes and market trends can lead to price volatility.

Supply chain disruptions, such as transportation delays, natural disasters, or geopolitical issues, can significantly impact the availability of propylene glycol. These disruptions may lead to increased shipping costs and potential shortages, causing prices to rise. Procurement heads should monitor global events and logistics to anticipate price changes and ensure a stable supply.

To manage procurement costs for propylene glycol, teams can adopt several effective strategies:

Long-Term Agreements: Establishing long-term contracts with suppliers can help lock in prices and ensure consistent supply.

Market Analysis: Regularly analyzing market trends and forecasts allows for informed purchasing decisions, optimizing timing for orders.

Diversifying Suppliers: Engaging multiple suppliers reduces dependency on a single source, mitigating risks associated with price fluctuations and supply disruptions.

Bulk Purchasing Options: Buying in bulk can yield cost savings, especially during periods of favorable pricing.

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