What Is the Average Cost of Propylene Glycol per pound? Average Propylene Glycol Price

The demand for propylene glycol is linked to the overall economic growth in the US, where the average market growth has been 2% per annum in recent years. The average cost of propylene glycol is $0.90 per pound. In the antifreeze sector, it has replaced ethylene glycol in areas such as aircraft deicing fluids and as a coolant in the food industry. The largest outlet for propylene glycol is unsaturated polyester resins. Propylene glycol is mainly used as a solvent in pharmaceuticals, including oral and topical formulations, as a food additive, as an emulsification agent, as a moisturizer in medicines, cosmetics, food, toothpaste, shampoo, mouth wash, hair care and tobacco products. It is also used as a solvent for food colors and flavorings, and as a lubricant in air conditioning compressors.