Thailand
Australia
India
Germany
Saudi Arabia
Turkey
United States
South KoreaAccording 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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
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
Polypropylene Glycol Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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 (%)Â Â | 0.03Â |
| pH (triol)Â | 6.4Â |
| Acid value (mgKOH/g)Â | 0.012Â |
| Hydroxyl value (mgKOH/g)Â | 112.2Â |
| Viscosity (25 °C) | 145 |
Polypropylene Glycol Applications
Polypropylene Glycol is used mainly as a feedstock/intermediate to make other chemicals including:Â
Energy Price Surge: The conflict led to a sharp rise in natural gas and crude oil prices, increasing production costs for PPG.Â
Raw Material Supply Disruptions: Limited availability of key feedstocks like propylene oxide due to supply chain interruptions.Â
Logistics: Transportation delays and higher freight costs disrupted the delivery of raw materials and finished products.Â
Regional Trade Imbalances: The conflict affected trade routes, creating regional supply-demand mismatches and price volatility.Â
Market Uncertainty: Geopolitical instability caused speculative trading, further amplifying price fluctuations in the PPG market.Â
Supply Chain Disruptions: Lockdowns and restrictions disrupted the supply of key feedstocks like propylene oxide, leading to inconsistent production.Â
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.Â
Logistical Challenges: Global transportation bottlenecks and rising freight costs impacted the availability and pricing of PPG.Â
Production Shifts: Some manufacturers prioritized essential goods, reducing PPG production capacity for non-essential applications.Â
Economic Uncertainty: Market volatility and reduced industrial activity in many sectors led to unpredictable pricing trends.
Trade Wars: The US-China trade conflict led to increased tariffs on raw materials like propylene oxide, raising production costs for PPG.Â
Sanctions and Embargoes: Restrictions on key exporting countries disrupted the supply chain for PPG feedstocks, causing price volatility.Â
Currency Fluctuations: Geopolitical instability contributed to currency devaluation in some regions, increasing import costs for raw materials.Â
Supply Chain Disruptions: Tensions affected transportation and logistics, delaying deliveries and creating regional supply-demand imbalances.Â
Speculative Market Activity: Political uncertainty fueled speculative trading, amplifying price instability in the PPG market.Â
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.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
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
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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 (%)Â Â | 0.03Â |
| pH (triol)Â | 6.4Â |
| Acid value (mgKOH/g)Â | 0.012Â |
| Hydroxyl value (mgKOH/g)Â | 112.2Â |
| Viscosity (25 °C) | 145 |
Applications
Polypropylene Glycol is used mainly as a feedstock/intermediate to make other chemicals including:Â
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.