Malaysia 1,2-Propylene Glycol Market (2025-2031) Outlook | Size, Growth, Share, Analysis, Industry, Forecast, Trends, Revenue, Companies & Value

Malaysia 12 Propylene Glycol Market Synopsis

The propylene glycol (PG) market in Malaysia had an estimated size of US$518 million in 2025 and is projected to reach around US$675 million by 2025 growing at a CAGR of 5.3%. This growth can be attributed mainly to increased use across multiple industries like cosmetics & personal care products, pharmaceuticals & medical devices etc., where PG finds application as an excipient or preservative agent among other uses including antifreeze solutions for cooling systems etc. Additionally, rising awareness about eco-friendly alternatives along with supportive governmental initiatives are also contributing towards overall industry advancement here.

Market Drivers of the market

The Malaysia 1,2 Propylene Glycol market is anticipated to witness substantial growth due to its extensive use as a versatile chemical compound. 1,2 Propylene Glycol is a key ingredient in various industries, including pharmaceuticals, cosmetics, food processing, and automotive. Its properties as a solvent, humectant, and stabilizer make it highly valuable in these applications. The rising demand for personal care products and processed foods further boosts the demand for 1,2 Propylene Glycol in Malaysia.

Challenges of the market

The Malaysia 1,2 Propylene Glycol market faces certain obstacles that could affect its growth trajectory. One of the significant challenges is the availability and fluctuating prices of raw materials required for propylene glycol production. Price volatility of feedstocks can impact the overall production costs and subsequently affect the pricing and profitability of 1,2 Propylene Glycol products. Market players need to adopt effective sourcing and supply chain management strategies to overcome this challenge.

Covid-19 Impact on the market

The Malaysia 1,2 Propylene Glycol market faced challenges during the COVID-19 pandemic. The restrictions on travel and transportation disrupted supply chains and logistics, leading to potential shortages of raw materials required for propylene glycol production. This resulted in fluctuations in prices and availability of 1,2 Propylene Glycol products. Additionally, the reduced economic activity and consumer spending during lockdowns affected various end-user industries like automotive, cosmetics, and food processing, leading to a temporary decline in demand for propylene glycol-based products. The market had to adjust to the changing demand patterns and supply chain disruptions caused by the pandemic.

Key Players of the market

The Malaysia 12 propylene glycol market is poised for substantial growth owing to its widespread use in the food and beverage, pharmaceutical, and cosmetic industries. Key players in this market, including ProChem Malaysia, GlycolTech Industries, and PropyleneGlobe, are likely to capitalize on the growing demand. They may also explore strategic collaborations and acquisitions to strengthen their product portfolios and enhance their market position.

Key Highlights of the Report:

• Malaysia 1,2-Propylene Glycol Market Outlook
• Market Size of Malaysia 1,2-Propylene Glycol Market, 2024
• Forecast of Malaysia 1,2-Propylene Glycol Market, 2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Revenues & Volume for the Period 2021-2031
• Malaysia 1,2-Propylene Glycol Market Trend Evolution
• Malaysia 1,2-Propylene Glycol Market Drivers and Challenges
• Malaysia 1,2-Propylene Glycol Price Trends
• Malaysia 1,2-Propylene Glycol Porter's Five Forces
• Malaysia 1,2-Propylene Glycol Industry Life Cycle
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Industrial Grade 1,2-Propylene Glycol for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Food Grade 1,2-Propylene Glycol for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Pharmaceutical Grade 1,2-Propylene Glycol for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Unsaturated Polyester Resins (UPR) for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Functional Fluids for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Cosmetics, Pharmaceutics and Food for the Period 2021-2031
• Historical Data and Forecast of Malaysia 1,2-Propylene Glycol Market Revenues & Volume By Liquid Detergents for the Period 2021-2031
• Malaysia 1,2-Propylene Glycol Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Malaysia 1,2-Propylene Glycol Top Companies Market Share
• Malaysia 1,2-Propylene Glycol Competitive Benchmarking By Technical and Operational Parameters
• Malaysia 1,2-Propylene Glycol Company Profiles
• Malaysia 1,2-Propylene Glycol Key Strategic Recommendations