The global Propylene Glycol Price Trend remained bullish during the first quarter of 2026, supported by strong demand from key end-use industries such as automotive, food and beverages, pharmaceuticals, construction, and personal care. Market participants across Asia, Europe, and the Middle East witnessed notable price increases due to supply constraints, rising freight costs, and geopolitical uncertainties affecting international trade routes.
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The Propylene Glycol Market experienced steady growth during Q1 2026 as industrial demand remained healthy across major consuming regions. China continued to play a crucial role in global supply, while importing countries such as India, Turkey, Egypt, and the UAE faced increasing costs due to higher export prices and logistics challenges.
In addition, geopolitical tensions involving the Middle East, particularly concerns surrounding the Strait of Hormuz, contributed to shipping disruptions and elevated transportation expenses, further influencing market sentiment.
China witnessed a significant rise in propylene glycol prices during Q1 2026. Export prices increased by 5% compared to the previous quarter due to tighter domestic supply and growing export demand from automotive and food processing industries.
March 2026 recorded a sharp month-on-month increase of 21.5% as buyers secured material ahead of peak production activities. Higher export orders and concerns regarding freight availability further supported the upward market movement.
In Saudi Arabia, propylene glycol prices showed mixed trends during the quarter. While overall prices declined slightly by 1% compared to Q4 2025 due to improved supply availability, March 2026 witnessed a significant 23% increase compared to February.
The rise was largely attributed to higher logistics premiums and concerns over potential disruptions in key shipping routes, which increased transportation costs throughout the Gulf region.
European markets remained relatively stable but continued to face supply-side pressures.
In France, propylene glycol prices increased by 1% quarter-on-quarter, supported by stable pharmaceutical demand and moderate supply restrictions. March prices rose by 5.2% due to higher logistics costs and reduced feedstock availability.
Belgium also recorded a 1% quarterly increase. Importers adjusted to tighter regional supply conditions, while higher transportation expenses contributed to a 5.3% increase in March prices.
Turkey witnessed one of the strongest increases during Q1 2026. Prices rose by 8% compared to the previous quarter, while March prices increased by 19.2% month-on-month.
The market was impacted by higher import costs from China, rising energy expenses, and geopolitical uncertainties that affected shipping activities across regional trade routes.
The UAE propylene glycol market remained firm throughout Q1 2026. Prices increased by 4.7% compared to Q4 2025, while March prices surged by 22% due to supply chain delays and increased freight rates.