The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Bio-Based Propylene Glycol Global Market Report 2024 offers crucial insights into the bio-based propylene glycol market help businesses analyse and build stronger strategies.

Steady Market Expansion

• Current Market Size: The bio-based propylene glycol market size has grown steadily, reaching $4.34 billion in 2023.
• Projected Growth: It is expected to grow to $4.53 billion in 2024, with a CAGR of 4.2%.
• Historical Growth Factors: Key drivers include increased environmental awareness, investments in bio-based industries, rising crude oil prices, and a focus on reducing carbon footprints.

Future Market Prospects

• Continued Growth: The market size is projected to grow to $5.36 billion by 2028, with a CAGR of 4.3%.
• Growth Drivers: Increased demand for sustainable ingredients, rising disposable incomes, expanded use in automotive and general industries, and a growing emphasis on green buildings and reducing fuel emissions.
• Major Trends: Technological advancements, improved bio-refineries, a focus on sustainable products, rising demand for renewable goods, and advancements in cosmetics.

Renewable Energy Investment Fuels Market Growth

• Impact of Renewable Energy: Investment in renewable energy is propelling the bio-based propylene glycol market.
• Global Trends: According to the International Energy Agency, global clean energy investment rose from $1,617 billion in 2022 to $1,740 billion in 2023.
• Sustainable Processes: This investment supports the development of sustainable processes using bio-based feedstocks.

Read The Full Bio-Based Propylene Glycol Market Report Here:

https://www.thebusinessresearchcompany.com/report/bio-based-propylene-glycol-global-market-report

Leading Companies in the Market

• Key Players: Shell Chemicals, Cargill Incorporated, Archer Daniels Midland Company, Repsol SA, ORLEN Poludnie SA, BASF SE, Dow Inc., LyondellBasell Industries N.V., Braskem SA, Huntsman Corporation, Clariant AG, Ashland Global Holdings Inc., Tate & Lyle Bio PLC, Global Bio-chem Technology Group Company Limited, Oleon NV, Houghton Chemical Corporation, Ayas Renewables Inc., Rennovia Inc., Vertec Biosolvents Inc., NexantECA.

Sustainable Innovations

• Propylene Glycol REN: Companies are developing Propylene Glycol REN with Ecolibrium bio-circular technology to enhance sustainability.
• Recent Launches: In March 2024, Dow Inc. launched bio-circular and circular feedstocks in North America, reducing environmental impact by using renewable resources.

Strategic Partnerships in Asia

• Braskem SA and Sojitz Corporation: In April 2022, these companies partnered to produce biobased ethylene glycol and propylene glycol.
• Leveraging Asia’s Market: The partnership aims to utilize Sojitz’s strong presence in Asia and Braskem’s expertise in renewable chemical production.

Market Segmentation

• By Type: Bio-Based 1,2-Propylene Glycol, Bio-Based 1,3-Propylene Glycol.
• By Application: Solvent, Chemical Intermediates, Unsaturated Polyester Adhesives, Antifreeze And Coolant, Other Applications.
• By End-User Industry: Food Processing, Building And Construction, Cosmetics, Automotive, Pharmaceuticals, Transportation, Detergent And Household, Marine, Other End-User Industries.

Regional Insights

• Asia-Pacific Leadership: Asia-Pacific was the largest region in the bio-based propylene glycol market in 2023.

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The Bio-Based Propylene Glycol Global Market Report 2024  provides a comprehensive outlook of the bio-based propylene glycol market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bio-based propylene glycol market forecast offers a thorough analysis on bio-based propylene glycol market size, bio-based propylene glycol market share, prominent players and their strategies.

The Table Of Content For The Bio-Based Propylene Glycol Market Include:
1. Bio-Based Propylene Glycol Market Executive Summary
2. Bio-Based Propylene Glycol Market Segments
3. Bio-Based Propylene Glycol Market Size And Bio-Based Propylene Glycol Market Growth Rate
4. Key Bio-Based Propylene Glycol Market Trends
5. Major Bio-Based Propylene Glycol Market Drivers
……
25. Key Mergers And Acquisitions In The Bio-Based Propylene Glycol Market
26. Top Bio-Based Propylene Glycol Companies
27. Bio-Based Propylene Glycol Market Opportunities And Strategies
28. Bio-Based Propylene Glycol Market, Conclusions And Recommendations
29. Appendix

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