You're using a free limited version of DrugPatentWatch: Upgrade for Complete Access

Last Updated: December 23, 2024

Drugs Containing Excipient (Inactive Ingredient) PROPYLENE GLYCOL MONOLAURATE


✉ Email this page to a colleague

« Back to Dashboard


Branded drugs containing PROPYLENE GLYCOL MONOLAURATE excipient, and estimated key patent expiration / generic entry dates

Company Tradename Ingredient NDC Excipient Potential Generic Entry
Trifluent Pharma LLC UNDECATREX testosterone undecanoate 73352-105 PROPYLENE GLYCOL MONOLAURATE 2025-07-27
Marius Pharmaceuticals KYZATREX testosterone undecanoate 80603-101 PROPYLENE GLYCOL MONOLAURATE 2025-07-27
>Company >Tradename >Ingredient >NDC >Excipient >Potential Generic Entry

PROPYLENE GLYCOL MONOLAURATE Market Analysis and Financial Projection Experimental

Mono Propylene Glycol (MPG) Market Dynamics and Financial Trajectory: A Comprehensive Overview

Introduction

Mono propylene glycol (MPG), a versatile chemical with a wide range of applications, is a crucial component in various industries, including the pharmaceutical sector. As a pharmaceutical excipient, MPG plays a significant role in the formulation of various medications. Here, we delve into the market dynamics and financial trajectory of MPG, focusing on its role in the pharmaceutical industry.

Market Size and Growth Projections

The global mono propylene glycol market is anticipated to experience significant growth over the coming years. By 2023, the market size is estimated to be around USD 3,974 million, with projections indicating it will reach USD 6,473 million by 2033, growing at a compound annual growth rate (CAGR) of 5% during this period[1][2].

Key Market Trends and Highlights

  • CAGR and Market Value: The market is expected to grow at a moderate CAGR of 5% from 2023 to 2033, with the global market value projected to reach USD 6,473 million by 2033[1].
  • Historical Growth: Between 2018 and 2022, the market grew at a CAGR of 4.4%, indicating steady expansion despite the impact of the COVID-19 pandemic[1].

Applications in the Pharmaceutical Industry

MPG is widely used in the pharmaceutical industry due to its versatile properties.

As a Solvent and Humectant

  • MPG is utilized as a solvent and humectant in various pharmaceutical formulations. It is particularly valuable in topical medications, where it helps maintain the moisture content and stability of the product[2].
  • Preservative and Co-Solvent: MPG serves as a preservative in solutions and as a co-solvent in aerosols, parenteral, and oral solutions, enhancing the efficacy and shelf life of pharmaceutical products[2].

Pharmaceutical Dosage Forms

  • MPG is used in a broad range of pharmaceutical dosage forms, including creams, ointments, and oral suspensions. Its low toxicity and hygroscopic properties make it an ideal excipient for these applications[2].

End-Use Industries Driving Demand

The demand for MPG is driven by several end-use industries, with the pharmaceutical sector being one of the key drivers.

Food and Beverage

  • While not directly related to pharmaceuticals, the food and beverage industry also consumes significant amounts of MPG, which indirectly supports the overall market growth[3].

Cosmetics and Personal Care

  • The cosmetics and personal care industry is another major consumer of MPG, where it is used in products such as skincare and haircare due to its low toxicity and moisturizing properties[2].

Industrial Applications

  • MPG is also used in industrial applications, including the production of unsaturated polyester resins, coatings, and antifreeze solutions, further contributing to its market growth[5].

Geographic Market Analysis

The global MPG market is geographically diverse, with several regions contributing significantly to its growth.

North America

  • North America, particularly the United States, is expected to account for a substantial portion of the global MPG market. The region's robust demand from the food and beverage, pharmaceutical, and cosmetics industries drives this growth[1][3].

Europe

  • Europe is known for its stringent health and safety regulations, which favor the adoption of bio-based MPG. This region is expected to see significant growth due to the increasing preference for sustainable products[3].

Asia Pacific

  • The Asia Pacific region, led by countries like China and India, is experiencing rapid industrialization and urbanization. This has resulted in a surge in demand for MPG from various sectors, including construction, automotive, and consumer goods[4].

Key Players and Market Structure

The global MPG market is fairly consolidated, with a few key players dominating the landscape.

Major Manufacturers

  • Companies such as Dow Chemical Company, LyondellBasell, BASF SE, and Royal Dutch Shell PLC account for a significant share of the market. These players are expanding their production capacities and engaging in mergers and acquisitions to maintain their competitive edge[2][3].

Bio-Based Alternatives

  • The increasing adoption of bio-based MPG is a significant trend, driven by sustainability concerns. This shift is expected to continue, with bio-based MPG predicted to grow at a higher CAGR compared to petroleum-based MPG[4].

Challenges and Opportunities

Despite the positive growth projections, the MPG market faces several challenges and opportunities.

Raw Material Availability

  • The availability of raw materials, particularly at the regional level, can be a challenge. The absence of local manufacturers in some regions adds to this complexity[2].

Regulatory Environment

  • Regulatory environments, especially in regions like Europe, can influence the adoption of bio-based MPG. Compliance with health and safety regulations is crucial for market growth[3].

Emerging Trends

  • The development of new technologies, such as the catalytic process for producing bio-based MPG from plant-based raw materials, presents significant opportunities for growth and sustainability[4].

Financial Trajectory

The financial trajectory of the MPG market is promising, with steady growth anticipated over the next decade.

Revenue Projections

  • By 2033, the global MPG market is projected to reach USD 6,473 million, up from USD 3,974 million in 2023. This growth is driven by increasing demand from various end-use industries and the adoption of bio-based alternatives[1].

Regional Market Values

  • The United States and China are expected to lead the market, with projected values of USD 480 million and USD 500 million by 2033, respectively. Other regions, such as the United Kingdom and Japan, will also contribute significantly to the market growth[1].

Key Takeaways

  • Market Growth: The MPG market is expected to grow at a CAGR of 5% from 2023 to 2033.
  • Pharmaceutical Applications: MPG is a critical excipient in the pharmaceutical industry, used as a solvent, humectant, and preservative.
  • Geographic Diversity: North America, Europe, and Asia Pacific are key regions driving the market growth.
  • Bio-Based Alternatives: The adoption of bio-based MPG is on the rise due to sustainability concerns.
  • Key Players: Major manufacturers like Dow, LyondellBasell, BASF SE, and Royal Dutch Shell PLC dominate the market.

FAQs

What is the projected market size of mono propylene glycol by 2033?

The global mono propylene glycol market is projected to reach USD 6,473 million by 2033[1].

Which regions are expected to lead the mono propylene glycol market?

The United States and China are expected to lead the market, with projected values of USD 480 million and USD 500 million by 2033, respectively[1].

What are the primary applications of mono propylene glycol in the pharmaceutical industry?

MPG is used as a solvent, humectant, and preservative in various pharmaceutical formulations, including topical medications, aerosols, parenteral, and oral solutions[2].

Why is there a growing demand for bio-based mono propylene glycol?

The growing demand for bio-based MPG is driven by sustainability concerns and the reduction in greenhouse gas emissions compared to petroleum-based products[4].

Who are the key players in the mono propylene glycol market?

Key players include Dow Chemical Company, LyondellBasell, BASF SE, and Royal Dutch Shell PLC, among others[2][3].

Sources

  1. Future Market Insights: Mono Propylene Glycol Market Size, Sales Analysis & Opportunity[1].
  2. GlobeNewswire: Mono Propylene Glycol Market is reaching a valuation of US$ 5,159.5 Million by 2029[2].
  3. Verified Market Research: Mono Propylene Glycol Market Size, Scope, Trends And Forecast[3].
  4. Grand View Research: Propylene Glycol Market Size, Share & Growth Report, 2030[4].
  5. ICIS: Mono propylene glycol (MPG) - ICIS[5].

More… ↓

⤷  Subscribe

Make Better Decisions: Try a trial or see plans & pricing

Drugs may be covered by multiple patents or regulatory protections. All trademarks and applicant names are the property of their respective owners or licensors. Although great care is taken in the proper and correct provision of this service, thinkBiotech LLC does not accept any responsibility for possible consequences of errors or omissions in the provided data. The data presented herein is for information purposes only. There is no warranty that the data contained herein is error free. thinkBiotech performs no independent verification of facts as provided by public sources nor are attempts made to provide legal or investing advice. Any reliance on data provided herein is done solely at the discretion of the user. Users of this service are advised to seek professional advice and independent confirmation before considering acting on any of the provided information. thinkBiotech LLC reserves the right to amend, extend or withdraw any part or all of the offered service without notice.