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Propylene Glycol Prices, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
Propylene Glycol prices in Germany, the highest-cost reporting region, rose 5.7% in Q2 2026 to USD 1,680.00/MT from USD 1,590.00/MT in Q1, as elevated propylene oxide feedstock costs continued flowing directly through to finished product pricing. Saudi Arabia posted the sharpest regional gain, up 9.0% to USD 1,580.00/MT, as Strait of Hormuz-related logistics premiums intensified further. Globally, the average rose from USD 1,318.70/MT in Q1 to USD 1,400.50/MT in Q2, a 6.2% gain. For H2 2026, a global average of USD 1,350.00-1,520.00/MT is expected, with propylene oxide feedstock cost pressure likely to keep this market firm across every region.
Propylene Glycol, commonly abbreviated PG, is produced through the hydration of propylene oxide, yielding a versatile diol used in food additives, pharmaceutical formulations, aircraft de-icing fluids, cosmetics and personal care products, and industrial coolants and heat transfer fluids. Because propylene oxide is its direct feedstock, PG pricing tracks the propylene oxide market closely, with cost increases in that upstream market typically flowing through to PG within a quarter or two. Propylene oxide feedstock costs, downstream demand from food, pharmaceutical, and personal care manufacturers, and regional logistics and freight conditions are what drive prices in this market.
Propylene Glycol Price Forecast for 2026
The outlook for Propylene Glycol through H2 2026 stays firm, tracking the elevated propylene oxide feedstock cost environment created by ongoing Strait of Hormuz-related shipping tensions. Steady demand from food, pharmaceutical, and personal care manufacturers, combined with automotive de-icing fluid restocking, should keep this market on its established upward path.
The main upside risk is a further escalation of Middle East shipping disruptions, which would push propylene oxide feedstock costs and logistics premiums even higher, particularly for Gulf-region markets like Saudi Arabia. The main downside risk is a faster-than-expected resolution of regional shipping tensions combined with softer downstream demand, which would ease the current cost pressure.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 1,350.00 - 1,520.00 | Propylene oxide feedstock costs keep this market firm |
| Germany | 1,600.00 - 1,780.00 | Feedstock cost pass-through sustains the highest cost |
| United States | 1,520.00 - 1,680.00 | Steady industrial and pharmaceutical demand supports gains |
| Saudi Arabia | 1,500.00 - 1,700.00 | Hormuz-linked logistics premiums keep this market volatile |
| China | 870.00 - 960.00 | Lowest cost given substantial domestic production capacity |
For the Quarter Ending June 2026
Propylene Glycol Prices Q2 2026:
- Germany: USD 1,680.00/MT
- United States: USD 1,585.00/MT
- Saudi Arabia: USD 1,580.00/MT
- China: USD 910.00/MT
Propylene Glycol Prices in Germany
German Propylene Glycol prices averaged USD 1,680.00/MT in Q2 2026, the highest of any region tracked here, up 5.7% from USD 1,590.00/MT in Q1, as elevated propylene oxide feedstock costs continued supporting prices.
Why did the price of Propylene Glycol change in Q2 2026 in Germany?
Rising propylene oxide costs, themselves elevated by ongoing Middle East-linked shipping tensions, continued flowing directly through to finished PG pricing, keeping German offers at the top of the range tracked in this report.
Propylene Glycol Prices in the United States
US prices averaged USD 1,585.00/MT in Q2 2026, up 5.0% from USD 1,510.00/MT in Q1, as steady demand from pharmaceutical, food, and industrial coolant applications kept this market firm.
Why did the price of Propylene Glycol change in Q2 2026 in the United States?
Automotive coolant restocking offset somewhat weaker general industrial offtake, while firmer feedstock-driven costs and stable domestic plant operating rates supported continued gains.
Propylene Glycol Prices in Saudi Arabia
Saudi Arabian prices averaged USD 1,580.00/MT in Q2 2026, up 9.0% from USD 1,450.00/MT in Q1, the sharpest regional gain as Hormuz-linked logistics premiums intensified further.
Why did the price of Propylene Glycol change in Q2 2026 in Saudi Arabia?
Higher logistics premiums stemming from Strait of Hormuz closure fears amid ongoing Middle East geopolitical uncertainty continued pushing prices higher, even as steady export inquiry from automotive, food, and beverage sectors kept underlying demand strong.
Propylene Glycol Prices in China
Chinese prices averaged USD 910.00/MT in Q2 2026, the lowest of the four regions, up 5.9% from USD 859.00/MT in Q1, as tighter domestic supply and growing export demand continued supporting gains.
Why did the price of Propylene Glycol change in Q2 2026 in China?
Continuing domestic supply shortages, combined with growing demand for exports into automotive and food and beverage markets, kept Chinese offers moving steadily higher even from an already-tight starting position.
For the Quarter Ending March 2026
Propylene Glycol Prices Q1 2026:
- Germany: USD 1,590.00/MT
- United States: USD 1,510.00/MT
- Saudi Arabia: USD 1,450.00/MT
- China: USD 859.00/MT
Propylene Glycol Prices in Germany
German prices rose 4.6% in Q1 2026 to USD 1,590.00/MT from USD 1,520.00/MT in Q4 2025, tracking rising propylene oxide feedstock costs.
Why did the price of Propylene Glycol change in Q1 2026 in Germany?
Propylene oxide price increases in Europe flowed directly through to PG pricing, as rising feedstock costs from Middle East-related shipping tensions increased production expenses across German and broader European manufacturing facilities.
Propylene Glycol Prices in the United States
US prices rose 3.3% in Q1 2026 to USD 1,510.00/MT from USD 1,462.00/MT in Q4 2025, reflecting firmer feedstock-driven costs.
Why did the price of Propylene Glycol change in Q1 2026 in the United States?
Reduced import volumes tightened the prompt balance in several markets, prompting higher landed import offers, while rising propylene oxide costs combined with seasonal utility tariffs elevated domestic production cost pressures.
Propylene Glycol Prices in Saudi Arabia
Saudi Arabian prices rose 3.6% in Q1 2026 to USD 1,450.00/MT from USD 1,400.00/MT in Q4 2025, with a sharp single-month jump in March as logistics premiums began building.
Why did the price of Propylene Glycol change in Q1 2026 in Saudi Arabia?
Prices jumped sharply in March alone, attributed to higher logistics premiums on account of Strait of Hormuz closure fears amid geopolitical uncertainties in the Middle East, even as increased regional supply availability had initially suggested a softer trend.
Propylene Glycol Prices in China
Chinese prices rose 5.0% in Q1 2026 to USD 859.00/MT from USD 818.00/MT in Q4 2025, as tighter domestic supply and higher export demand pushed prices higher.
Why did the price of Propylene Glycol change in Q1 2026 in China?
The country faced tighter domestic supply of propylene glycol as well as higher export demand, which together led to increased prices even as the broader Asian market experienced somewhat mixed conditions late in 2025.
Quarterly Propylene Glycol Price Trends
Global Propylene Glycol prices dipped modestly in Q2 2025 before climbing steadily through the following four quarters, with the pace of gains accelerating sharply in Q2 2026 as propylene oxide feedstock costs and Strait of Hormuz-related logistics premiums pushed prices higher across every region covered in this report.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 1,400.50 | +6.2% | ↑ Rising |
| Q1 2026 | 1,318.70 | +4.0% | ↑ Rising |
| Q4 2025 | 1,268.00 | +3.7% | ↑ Rising |
| Q3 2025 | 1,223.00 | +3.6% | ↑ Rising |
| Q2 2025 | 1,181.00 | - | — Stable |
| Q3 2026 | In Progress | - | — In Progress |
What was Propylene Glycol Price in 2025?
Propylene Glycol firmed steadily across every market covered in this report through 2025, tracking gradual increases in propylene oxide feedstock costs and steady downstream demand, before the pace of gains accelerated sharply as Strait of Hormuz-related shipping tensions intensified in early 2026.
Propylene Glycol Prices in Germany in 2025
German prices firmed from about USD 1,450.00/MT in Q1 2025 to USD 1,520.00/MT by Q4, a gain of roughly 4.8%, tracking gradually rising propylene oxide costs through the year.
Propylene Glycol Prices in the United States in 2025
US prices firmed from about USD 1,380.00/MT in Q1 2025 to USD 1,462.00/MT by Q4, up roughly 5.9%, the strongest annual gain of the four regions, supported by steady industrial and pharmaceutical demand.
Propylene Glycol Prices in Saudi Arabia in 2025
Saudi Arabian prices firmed from about USD 1,350.00/MT in Q1 2025 to USD 1,400.00/MT by Q4, a gain of roughly 3.7%, the smallest annual increase among the four regions before the sharp Hormuz-linked acceleration that followed in 2026.
Propylene Glycol Prices in China in 2025
Chinese prices firmed from about USD 780.00/MT in Q1 2025 to USD 818.00/MT by Q4, up roughly 4.9%, as gradually tightening domestic supply and growing export demand supported consistent gains.
How We Can Help
Expert Market Research: Your Source for Real-Time Propylene Glycol Price Intelligence
Expert Market Research tracks Propylene Glycol prices continuously across every major producing and consuming region, combining propylene oxide feedstock cost data, shipping and logistics conditions, and food, pharmaceutical, and personal care demand signals into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the feedstock-driven trends covered in this report, and build a defensible view of where this widely used diol is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Key Questions Answered in the Report
It is used in food additives, pharmaceutical formulations, aircraft de-icing fluids, cosmetics and personal care products, and industrial coolants and heat transfer fluids.
The Q2 2026 global average was USD 1,400.50/MT, ranging from USD 910.00/MT in China to USD 1,680.00/MT in Germany.
The global average rose from USD 1,268.00/MT in Q4 2025 to USD 1,318.70/MT in Q1 2026 and then to USD 1,400.50/MT in Q2, as propylene oxide feedstock costs and shipping-related logistics premiums pushed prices higher.
Rising propylene oxide feedstock costs, driven by ongoing Strait of Hormuz-related shipping tensions, flowed directly through to finished PG pricing, with Gulf-region markets like Saudi Arabia seeing the sharpest logistics-related premiums.
The global average is expected in the USD 1,350.00-1,520.00/MT range, with propylene oxide feedstock costs likely to keep this market firm.
China holds by far the lowest cost given substantial domestic production capacity, while Germany carries the highest cost among the regions tracked here given feedstock cost pass-through.
This report is updated monthly. For real-time pricing intelligence, connect with the Expert Market Research team.
Propylene oxide feedstock costs, downstream demand from food, pharmaceutical, and personal care manufacturers, and regional logistics and freight conditions.
China holds the largest production capacity, with the United States, Germany, and Saudi Arabia also maintaining substantial manufacturing bases tied to their domestic propylene oxide industries.
Buyers can monitor propylene oxide feedstock cost trends and shipping-route risk given their outsized influence on this market, time forward purchases around the quarterly breakdowns in this report, and benchmark supplier quotes against the tracked price ranges.
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