
The global Bio-based Propylene Glycol market size was valued at US$ 3748.7 million in 2023. With growing demand in downstream market, the Bio-based Propylene Glycol is forecast to a readjusted size of US$ 4626 million by 2030 with a CAGR of 3.0% during review period.
The research report highlights the growth potential of the global Bio-based Propylene Glycol market. Bio-based Propylene Glycol are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Bio-based Propylene Glycol. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Bio-based Propylene Glycol market.
Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.
Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is “generally recognized as safe” for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.
The major players in global Propylene Glycol (PG) market include Dow, Lyondell Basell Industries, etc. The top 2 players occupy about 40% shares of the global market. North America and Europe are main markets, they occupy about 66% of the global market. I
Key Features:
The report on Bio-based Propylene Glycol market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Bio-based Propylene Glycol market. It may include historical data, market segmentation by Type (e.g., Unsaturated Polyster Resins, Functional Fluids and Antifreeze Products), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Bio-based Propylene Glycol market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Bio-based Propylene Glycol market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Bio-based Propylene Glycol industry. This include advancements in Bio-based Propylene Glycol technology, Bio-based Propylene Glycol new entrants, Bio-based Propylene Glycol new investment, and other innovations that are shaping the future of Bio-based Propylene Glycol.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Bio-based Propylene Glycol market. It includes factors influencing customer ' purchasing decisions, preferences for Bio-based Propylene Glycol product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Bio-based Propylene Glycol market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Bio-based Propylene Glycol market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Bio-based Propylene Glycol market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Bio-based Propylene Glycol industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Bio-based Propylene Glycol market.
Market Segmentation:
Bio-based Propylene Glycol market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Unsaturated Polyster Resins
Functional Fluids and Antifreeze Products
Pharmaceutical
Cosmetics and Food
Detergents and Household Products
Others
Segmentation by application
Cosmetics
Building & Construction
Automotive
Pharmaceutical
Detergent & Household
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ashland
BASF
Cargill
Archer-Daniels-Midland (ADM)
Oleon
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bio-based Propylene Glycol market?
What factors are driving Bio-based Propylene Glycol market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bio-based Propylene Glycol market opportunities vary by end market size?
How does Bio-based Propylene Glycol break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Bio-based Propylene Glycol Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Bio-based Propylene Glycol by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Bio-based Propylene Glycol by Country/Region, 2019, 2023 & 2030
2.2 Bio-based Propylene Glycol Segment by Type
2.2.1 Unsaturated Polyster Resins
2.2.2 Functional Fluids and Antifreeze Products
2.2.3 Pharmaceutical
2.2.4 Cosmetics and Food
2.2.5 Detergents and Household Products
2.2.6 Others
2.3 Bio-based Propylene Glycol Sales by Type
2.3.1 Global Bio-based Propylene Glycol Sales Market Share by Type (2019-2024)
2.3.2 Global Bio-based Propylene Glycol Revenue and Market Share by Type (2019-2024)
2.3.3 Global Bio-based Propylene Glycol Sale Price by Type (2019-2024)
2.4 Bio-based Propylene Glycol Segment by Application
2.4.1 Cosmetics
2.4.2 Building & Construction
2.4.3 Automotive
2.4.4 Pharmaceutical
2.4.5 Detergent & Household
2.4.6 Others
2.5 Bio-based Propylene Glycol Sales by Application
2.5.1 Global Bio-based Propylene Glycol Sale Market Share by Application (2019-2024)
2.5.2 Global Bio-based Propylene Glycol Revenue and Market Share by Application (2019-2024)
2.5.3 Global Bio-based Propylene Glycol Sale Price by Application (2019-2024)
3 Global Bio-based Propylene Glycol by Company
3.1 Global Bio-based Propylene Glycol Breakdown Data by Company
3.1.1 Global Bio-based Propylene Glycol Annual Sales by Company (2019-2024)
3.1.2 Global Bio-based Propylene Glycol Sales Market Share by Company (2019-2024)
3.2 Global Bio-based Propylene Glycol Annual Revenue by Company (2019-2024)
3.2.1 Global Bio-based Propylene Glycol Revenue by Company (2019-2024)
3.2.2 Global Bio-based Propylene Glycol Revenue Market Share by Company (2019-2024)
3.3 Global Bio-based Propylene Glycol Sale Price by Company
3.4 Key Manufacturers Bio-based Propylene Glycol Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Bio-based Propylene Glycol Product Location Distribution
3.4.2 Players Bio-based Propylene Glycol Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Bio-based Propylene Glycol by Geographic Region
4.1 World Historic Bio-based Propylene Glycol Market Size by Geographic Region (2019-2024)
4.1.1 Global Bio-based Propylene Glycol Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Bio-based Propylene Glycol Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Bio-based Propylene Glycol Market Size by Country/Region (2019-2024)
4.2.1 Global Bio-based Propylene Glycol Annual Sales by Country/Region (2019-2024)
4.2.2 Global Bio-based Propylene Glycol Annual Revenue by Country/Region (2019-2024)
4.3 Americas Bio-based Propylene Glycol Sales Growth
4.4 APAC Bio-based Propylene Glycol Sales Growth
4.5 Europe Bio-based Propylene Glycol Sales Growth
4.6 Middle East & Africa Bio-based Propylene Glycol Sales Growth
5 Americas
5.1 Americas Bio-based Propylene Glycol Sales by Country
5.1.1 Americas Bio-based Propylene Glycol Sales by Country (2019-2024)
5.1.2 Americas Bio-based Propylene Glycol Revenue by Country (2019-2024)
5.2 Americas Bio-based Propylene Glycol Sales by Type
5.3 Americas Bio-based Propylene Glycol Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Bio-based Propylene Glycol Sales by Region
6.1.1 APAC Bio-based Propylene Glycol Sales by Region (2019-2024)
6.1.2 APAC Bio-based Propylene Glycol Revenue by Region (2019-2024)
6.2 APAC Bio-based Propylene Glycol Sales by Type
6.3 APAC Bio-based Propylene Glycol Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Bio-based Propylene Glycol by Country
7.1.1 Europe Bio-based Propylene Glycol Sales by Country (2019-2024)
7.1.2 Europe Bio-based Propylene Glycol Revenue by Country (2019-2024)
7.2 Europe Bio-based Propylene Glycol Sales by Type
7.3 Europe Bio-based Propylene Glycol Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Bio-based Propylene Glycol by Country
8.1.1 Middle East & Africa Bio-based Propylene Glycol Sales by Country (2019-2024)
8.1.2 Middle East & Africa Bio-based Propylene Glycol Revenue by Country (2019-2024)
8.2 Middle East & Africa Bio-based Propylene Glycol Sales by Type
8.3 Middle East & Africa Bio-based Propylene Glycol Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Bio-based Propylene Glycol
10.3 Manufacturing Process Analysis of Bio-based Propylene Glycol
10.4 Industry Chain Structure of Bio-based Propylene Glycol
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Bio-based Propylene Glycol Distributors
11.3 Bio-based Propylene Glycol Customer
12 World Forecast Review for Bio-based Propylene Glycol by Geographic Region
12.1 Global Bio-based Propylene Glycol Market Size Forecast by Region
12.1.1 Global Bio-based Propylene Glycol Forecast by Region (2025-2030)
12.1.2 Global Bio-based Propylene Glycol Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Bio-based Propylene Glycol Forecast by Type
12.7 Global Bio-based Propylene Glycol Forecast by Application
13 Key Players Analysis
13.1 Ashland
13.1.1 Ashland Company Information
13.1.2 Ashland Bio-based Propylene Glycol Product Portfolios and Specifications
13.1.3 Ashland Bio-based Propylene Glycol Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Ashland Main Business Overview
13.1.5 Ashland Latest Developments
13.2 BASF
13.2.1 BASF Company Information
13.2.2 BASF Bio-based Propylene Glycol Product Portfolios and Specifications
13.2.3 BASF Bio-based Propylene Glycol Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 BASF Main Business Overview
13.2.5 BASF Latest Developments
13.3 Cargill
13.3.1 Cargill Company Information
13.3.2 Cargill Bio-based Propylene Glycol Product Portfolios and Specifications
13.3.3 Cargill Bio-based Propylene Glycol Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Cargill Main Business Overview
13.3.5 Cargill Latest Developments
13.4 Archer-Daniels-Midland (ADM)
13.4.1 Archer-Daniels-Midland (ADM) Company Information
13.4.2 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Product Portfolios and Specifications
13.4.3 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Archer-Daniels-Midland (ADM) Main Business Overview
13.4.5 Archer-Daniels-Midland (ADM) Latest Developments
13.5 Oleon
13.5.1 Oleon Company Information
13.5.2 Oleon Bio-based Propylene Glycol Product Portfolios and Specifications
13.5.3 Oleon Bio-based Propylene Glycol Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Oleon Main Business Overview
13.5.5 Oleon Latest Developments
14 Research Findings and Conclusion
*If Applicable.
