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Polypropylene Glycol Price Trend and Forecast

UNSPC code: 12162001
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026

polypropylene glycol Price Trends by Country

thThailand
auAustralia
inIndia
deGermany
saSaudi Arabia
trTurkey
usUnited States
krSouth Korea

polypropylene glycol Pricing Trends in India: 

  • Northern India polypropylene glycol market price trend
  • Southern India polypropylene glycol market price trend
  • Central India polypropylene glycol market price trend

Global polypropylene glycol Price Trend, Analysis and Forecast​

According to PriceWatch, In Q2 2025, Polypropylene Glycol (PPG) price trend from South Korea dropped by 5.90% to $1,325 per metric ton, continuing the decline from Q1, which saw a 6.96% fall. This was mainly due to weaker demand in key export markets like the USA, Germany, and Australia, where industrial activity slowed down.

Meanwhile, Thailand saw a 3.17% price increase, reaching $1,687 per metric ton, driven by strong demand in Southeast Asia’s automotive and construction sectors. Fluctuating propylene prices also affected production costs. Additionally, lower purchasing activity during the summer contributed to weaker demand and price pressure in some regions. Also track real time Polypropylene and Polyethylene Glycol price trend analysis.

Polypropylene Glycol Price Trend Analysis: Q2 2025

According to the PriceWatch, the price trend for Polypropylene Glycol from South Korea in Q2 2025 decreased by 5.90%, reaching 1,325 USD per MT. This drop follows a consistent decline from Q1 2025, when prices fell by 6.96%. The ongoing price reduction can be attributed to weaker demand in key export markets like the USA, Germany, and Australia, which saw slower industrial activity. The price trend in Thailand, however, showed a slight increase of 3.17% to 1,687 USD per MT. This increase can be attributed to stronger demand in Southeast Asia, driven by growth in the automotive and construction sectors.

Additionally, feedstock cost fluctuations in both countries, such as changes in propylene prices, may have impacted the downstream polymer industries. Seasonality factors, including less aggressive procurement during summer months, likely contributed to reduced demand and downward price pressure. 

Polypropylene Glycol Price Trend Analysis: Q1 2025

According to the PriceWatch, In Q1 2025, South Korean Polypropylene Glycol prices continued their downward trend, decreasing by 6.96%, settling at 1,408 USD per MT. This price reduction follows the trend observed in Q4 2024, where prices fell sharply by 9.62%. The global demand slowdown in key regions like the USA, Saudi Arabia, and Turkey caused this price drop, with industrial activity remaining subdued.

Meanwhile, Thailand’s price trend for Polypropylene Glycol decreased by 6.61%, reaching 1,635 USD per MT. The reduction was driven by reduced demand from Europe and the Middle East. Lower raw material costs, particularly for propylene, also played a role in the price drop. Despite the global challenges, Southeast Asia’s relatively stable industrial demand helped cushion the impact. The macroeconomic environment, including weaker consumer spending, added to the downward price pressure in both regions. 

Polypropylene Glycol Price Trend Analysis: Q4 2024

According to the PriceWatch, South Korea’s Polypropylene Glycol prices saw a significant drop of 9.62% in Q4 2024, reaching 1,513 USD per MT. This followed a slight increase of 4.29% in Q3 2024, where the price had risen to 1,674 USD per MT. The sharp decline can be linked to several factors, including a slowdown in demand from importing countries like the USA and Turkey, where economic activity slowed due to high inflation and reduced industrial output.

In contrast, Thailand’s prices fell marginally by 0.94% to 1,751 USD per MT. This minor drop reflected a stagnation in demand across most of Asia, although markets in Southeast Asia showed resilience due to steady consumption in construction and automotive sectors. The seasonality effect also played a role, as demand tends to decrease towards the end of the year. 

Polypropylene Glycol Price Trend Analysis: Q3 2024

According to the PriceWatch, South Korea’s Polypropylene Glycol prices increased by 4.29% in Q3 2024, reaching 1,674 USD per MT, up from 1,605 USD per MT in Q2 2024. This rise was largely driven by an uptick in demand from key importing countries like Saudi Arabia and Turkey, where industrial activity showed signs of recovery. Thailand, on the other hand, saw a slight price increase of 0.21%, reaching 1,768 USD per MT.

The comparative price stability in Thailand indicates steady demand from neighboring Southeast Asian markets. The increase in South Korea can also be attributed to tightening supply chains and rising feedstock prices, especially propylene, which saw upward movement globally. However, the overall global price environment remained cautious, with potential for price corrections in the coming quarters due to unpredictable macroeconomic conditions. 

Polypropylene Glycol Price Trend Analysis: Q2 2024

According to the PriceWatch, In Q2 2024, South Korean Polypropylene Glycol prices showed a minor increase of 0.75%, reaching 1,605 USD per MT, up from 1,593 USD per MT in Q1 2024. This gradual rise reflects a slight uptick in demand from key CIF countries such as the USA and Australia, where industries showed moderate growth. However, the price trend for Thailand saw only a marginal decrease of 0.21%, settling at 1,764 USD per MT.

The relatively stable price trend in Thailand can be attributed to steady demand from regional markets, including India and Southeast Asia, where consumption remained balanced despite global uncertainties. A key factor influencing the price trend in both countries was the stability in propylene feedstock prices, which helped maintain production costs at a manageable level. Overall, moderate growth in end-use industries such as automotive and construction supported price stability. 

Polypropylene Glycol Price Trend Analysis: Q1 2024

According to the PriceWatch, South Korea’s Polypropylene Glycol prices decreased by 3.19% in Q1 2024, reaching 1,593 USD per MT, compared to 1,646 USD per MT in Q4 2023. This decrease was influenced by a seasonal slowdown in demand from key markets like the USA and Saudi Arabia. Economic uncertainties in these regions led to a reduction in industrial activity, particularly in automotive and packaging industries.

Thailand also experienced a decline of 2.87%, with prices reaching 1,768 USD per MT, which was lower than the Q4 2023 level of 1,820 USD per MT. The drop in Thailand’s prices was primarily due to reduced demand from Europe and a weakening local economy. A decrease in propylene prices further pressured the price trend, making production more cost-efficient but leading to lower prices overall. 

India polypropylene glycol Price Trend, Analysis and Forecast

Polypropylene Glycol Price Trend Analysis: Q1 2025

According to the PriceWatch, India saw a 6.34% decline in Polypropylene Glycol prices in Q1 2025, with a price of 1,519 USD per MT, down from 1,622 USD per MT in Q4 2024. This decrease is largely attributed to weakened demand from key industries in India such as automotive and textiles, where activity slowed after the holiday season.

The price trend was also impacted by a reduction in feedstock costs, particularly propylene, which affected production costs in South Korea. Indian importers found it difficult to justify purchasing at higher prices, leading to a reduction in stockpiling.

Additionally, the Indian economy experienced slower growth in Q1, contributing to less industrial consumption. Seasonality also played a role, as Q1 is traditionally a quieter period in terms of demand. As a result, Indian importers found themselves in a more cost-sensitive market environment, driving prices down compared to the previous quarter. 

Polypropylene Glycol Price Trend Analysis: Q2 2025

According to the PriceWatch, India’s Polypropylene Glycol prices in Q2 2025 decreased by 7.98%, reaching 1,398 USD per MT. This was a continuation of the downward trend from Q1 2025, where prices fell by 6.34%. The price decline was primarily driven by reduced demand in India, particularly from downstream industries like automotive and construction, which are key consumers of Polypropylene Glycol.

Additionally, the weakening of feedstock prices, including propylene, in South Korea contributed to this reduction. The price trend was also influenced by seasonality, with lower industrial activity during the summer months. Despite the global decline in feedstock costs, importers in India found little incentive to purchase at higher prices.

The macroeconomic environment, including the cooling down of demand from major Indian manufacturers, further pressured the price. Moreover, the strengthening of the Indian Rupee against the US Dollar helped soften the impact of price reductions from South Korea. 

Polypropylene Glycol Price Trend Analysis: Q1 2024

According to the PriceWatch, Polypropylene Glycol prices in India remained stable in Q1 2024, at 1,678 USD per MT, with a slight decrease of 0.04% compared to Q4 2023. This stability was driven by the slow seasonal demand typically seen in the first quarter, with less procurement activity from downstream industries such as automotive and construction. Additionally, South Korean producers maintained stable production costs due to steady feedstock prices, including propylene, which prevented significant price changes.

The relatively constant price trend was also supported by the lack of major fluctuations in the Indian Rupee’s exchange rate against the US Dollar. Indian importers adjusted their purchasing strategies to align with global market trends and a relatively balanced demand-supply scenario. With no significant price pressures from South Korean suppliers, India’s Polypropylene Glycol market entered 2024 with stability in prices, despite broader market uncertainties. 

Polypropylene Glycol Price Trend Analysis: Q2 2024

According to the PriceWatch, Polypropylene Glycol prices in India increased by 1.26% in Q2 2024, reaching 1,699 USD per MT, up from 1,678 USD per MT in Q1 2024. This price increase followed a stable period in Q1, where prices had remained almost unchanged. The modest price hike can be attributed to a slight recovery in demand from key Indian industries like automotive and construction, which rebounded after the seasonal dip in the first quarter.

South Korea’s production costs remained relatively stable, as feedstock prices showed minor fluctuations. Additionally, a weaker Indian Rupee during this period made imports more expensive, which contributed to the upward price movement. Importers in India had to adjust to the slight increase in South Korean prices, but the overall impact was limited by moderate domestic demand. The seasonal uptick in industrial activity helped support the price trend, which was expected to stabilize as the year progressed. 

Polypropylene Glycol Price Trend Analysis: Q3 2024

According to the PriceWatch, India saw a price increase of 6.30% in Q3 2024, with prices reaching 1,806 USD per MT, up from 1,699 USD per MT in Q2 2024. The price trend was driven by a surge in demand from India’s downstream industries, particularly in automotive and packaging, where production ramped up after the monsoon season. Additionally, feedstock prices, including propylene, saw a slight increase, which led to higher production costs in South Korea.

South Korean suppliers were able to push up prices as they faced tighter supply conditions due to higher global demand. The Indian Rupee’s performance against the US Dollar also influenced the price, as a weaker Rupee made imports more expensive. The Q3 price increase in India was further supported by stockpiling activities ahead of the peak demand season in Q4, contributing to a temporary surge in prices. 

Polypropylene Glycol Price Trend Analysis: Q4 2024

According to the PriceWatch, Polypropylene Glycol prices in India decreased by 10.20% in Q4 2024, reaching 1,622 USD per MT. This sharp decline followed a strong Q3 2024, where prices had increased by 6.30% to 1,806 USD per MT. The reduction in Q4 can be attributed to seasonal factors, as industrial demand in India typically softens towards the end of the year. Additionally, global supply pressures eased, especially from South Korea, where feedstock prices, particularly for propylene, stabilized, leading to lower production costs.

The slowdown in the Indian automotive and construction sectors also contributed to the price decline. Furthermore, a decrease in demand from key importing countries like Saudi Arabia and Turkey meant that South Korean producers were willing to offer lower prices to maintain export volumes. As a result, India experienced a drop in CIF prices as South Korean export prices adjusted downward. 

Global polypropylene glycol Supply Chain

Upstream
  • Propylene Oxide 
Downstream
  • Polyurethane Resins
  • Coatings
  • Adhesives
  • Antistatic Agent
Major supplying countries
  • South Korea
  • Thailand
Major importing countries
  • India
  • Australia
  • Germany
  • Saudi Arabia
  • Turkey
  • USA

India polypropylene glycol Supply Chain

Upstream
  • Propylene Oxide 
Downstream
  • Polyurethane Resins
  • Coatings
  • Adhesives
  • Antistatic Agent
Major supplying countries
  • South Korea
  • Thailand
Major importing countries
  • India
  • Australia
  • Germany
  • Saudi Arabia
  • Turkey
  • USA

Technical Specifications of Polypropylene Glycol Price Trends

Molecular Weight[g/mol]

1000 (For 1000D)

CAS No

25322-69-4

HS Code

39072010

Molecular Formula

OH(C3H6O)nC3H6OH
polypropylene glycol

Polypropylene Glycol is a versatile polyether synthesized from propylene oxide as the primary feedstock. This colourless to pale yellow liquid offers excellent lubricity, moisture retention, and low toxicity. Widely used in polyurethanes, functional fluids, and personal care products, PPG ensures superior performance in diverse applications such as foams, coatings, and de-icing solutions.

Packaging Type

ISO Tank, Drum (India)

Polypropylene Glycol Grades Covered

Industrial 

Incoterms Used

FOB Busan, FOB Laem Chabang, CIF Nhava Sheva (South Korea), CIF Melbourne (South Korea), CIF Hamburg (South Korea), CIF Jeddah (South Korea), CIF Mersin (South Korea), CIF Houston (South Korea)

Synonym

Polyoxypropylene, 2-(2-hydroxypropoxy) propan-1-ol

PriceWatch Quotation Terms:

10-15 MT (India), 25-28 MT (Global)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Specification 
Appearance  Light yellow liquid 
Water Content (%)   0.03 
pH (triol)  6.4 
Acid value (mgKOH/g)  0.012 
Hydroxyl value (mgKOH/g)  112.2 
Viscosity (25 °C)  145 

Polypropylene Glycol Industrial Applications

Polypropylene Glycol is used mainly as a feedstock/intermediate to make other chemicals including: 

  • Polyurethane resins: PPG is used in many polyurethane formulations.  
  • Polyester compounds: PPG 1000 is used to make polyester compounds.  
  • Epoxy reactive diluent and flexibilizer: PPG is used to synthesize Poly (propylene glycol) Di glycidyl ether.  

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

  • Russia-Ukraine Conflict (2022-Present):  

Energy Price Surge: The conflict led to a sharp rise in natural gas and crude oil prices, increasing production costs for PPG. 

Raw Material Supply Disruptions: Limited availability of key feedstocks like propylene oxide due to supply chain interruptions. 

Logistics: Transportation delays and higher freight costs disrupted the delivery of raw materials and finished products. 

Regional Trade Imbalances: The conflict affected trade routes, creating regional supply-demand mismatches and price volatility. 

Market Uncertainty: Geopolitical instability caused speculative trading, further amplifying price fluctuations in the PPG market. 

  • COVID-19 Pandemic (2020):  

Supply Chain Disruptions: Lockdowns and restrictions disrupted the supply of key feedstocks like propylene oxide, leading to inconsistent production. 

Demand Variability: Fluctuating demand from industries such as automotive and construction, combined with increased demand for PPG in sanitizers and cleaning products, created market imbalances. 

Logistical Challenges: Global transportation bottlenecks and rising freight costs impacted the availability and pricing of PPG. 

Production Shifts: Some manufacturers prioritized essential goods, reducing PPG production capacity for non-essential applications. 

Economic Uncertainty: Market volatility and reduced industrial activity in many sectors led to unpredictable pricing trends.

  • Geopolitical Tensions (2018-2019):  

Trade Wars: The US-China trade conflict led to increased tariffs on raw materials like propylene oxide, raising production costs for PPG. 

Sanctions and Embargoes: Restrictions on key exporting countries disrupted the supply chain for PPG feedstocks, causing price volatility. 

Currency Fluctuations: Geopolitical instability contributed to currency devaluation in some regions, increasing import costs for raw materials. 

Supply Chain Disruptions: Tensions affected transportation and logistics, delaying deliveries and creating regional supply-demand imbalances. 

Speculative Market Activity: Political uncertainty fueled speculative trading, amplifying price instability in the PPG market. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global polypropylene glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the polypropylene 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 polypropylene glycol prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely polypropylene glycol market data.

Track PriceWatch's polypropylene 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: PriceWatch 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 polypropylene glycol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire polypropylene glycol supply chain, from raw material availability (e.g., propylene oxide, potassium hydroxide, and hydrogen) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact polypropylene 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 polypropylene 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: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., construction transportation and pharmaceuticals), to predict shifts in polypropylene glycol demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global polypropylene 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 polypropylene 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: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. 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 polypropylene glycol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast polypropylene 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: PriceWatch 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 PriceWatch delivers the most accurate, timely, and actionable polypropylene glycol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Molecular Weight[g/mol]

1000 (For 1000D)

CAS No

25322-69-4

HS Code

39072010

Molecular Formula

OH(C3H6O)nC3H6OH
polypropylene glycol

Polypropylene Glycol is a versatile polyether synthesized from propylene oxide as the primary feedstock. This colourless to pale yellow liquid offers excellent lubricity, moisture retention, and low toxicity. Widely used in polyurethanes, functional fluids, and personal care products, PPG ensures superior performance in diverse applications such as foams, coatings, and de-icing solutions.

Packaging Type

ISO Tank, Drum (India)

Grades Covered

Industrial 

Incoterms Used

FOB Busan, FOB Laem Chabang, CIF Nhava Sheva (South Korea), CIF Melbourne (South Korea), CIF Hamburg (South Korea), CIF Jeddah (South Korea), CIF Mersin (South Korea), CIF Houston (South Korea)

Synonym

Polyoxypropylene, 2-(2-hydroxypropoxy) propan-1-ol

PriceWatch Quotation Terms:

10-15 MT (India), 25-28 MT (Global)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Specification 
Appearance  Light yellow liquid 
Water Content (%)   0.03 
pH (triol)  6.4 
Acid value (mgKOH/g)  0.012 
Hydroxyl value (mgKOH/g)  112.2 
Viscosity (25 °C)  145 

Applications

Polypropylene Glycol is used mainly as a feedstock/intermediate to make other chemicals including: 

  • Polyurethane resins: PPG is used in many polyurethane formulations.  
  • Polyester compounds: PPG 1000 is used to make polyester compounds.  
  • Epoxy reactive diluent and flexibilizer: PPG is used to synthesize Poly (propylene glycol) Di glycidyl ether.  
Polypropylene Glycol Market Price Trend 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 polypropylene 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 pricing of polypropylene glycol is influenced by several factors, including raw material costs such as propylene, fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.

Regional production plays a significant role in polypropylene glycol pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.

The latest pricing trends for polypropylene glycol often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.

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