Global Bio-Based Propylene Glycol Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Solvent, Antifreeze & Coolant, and Chemical Intermediates.By Application;
Unsaturated Polyester Resins, Functional Fluids & Antifreeze Products, Detergents & Household Products, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Bio-Based Propylene Glycol Market (USD Million), 2021 - 2031
In the year 2024, the Global Bio-Based Propylene Glycol Market was valued at USD 105.06 million. The size of this market is expected to increase to USD 147.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.
The global bio-based propylene glycol market is emerging as a significant segment within the chemical industry, driven by the increasing demand for sustainable and eco-friendly alternatives to conventional propylene glycol. Bio-based propylene glycol is produced from renewable resources such as corn, soy, or other plant-based feedstocks, offering a greener alternative to traditional propylene glycol, which is derived from petroleum. The shift towards bio-based propylene glycol aligns with growing environmental concerns and regulatory pressures to reduce reliance on fossil fuels and lower carbon emissions. This sustainable approach supports a wide range of applications, including pharmaceuticals, food and beverages, cosmetics, and industrial processes.
Recent advancements in production technologies have improved the efficiency and cost-effectiveness of bio-based propylene glycol, making it a viable option for various industries. Innovations in feedstock utilization and manufacturing processes have enhanced the performance and availability of bio-based propylene glycol, contributing to its growing adoption. As consumer awareness of environmental issues increases, there is a rising preference for products that are derived from renewable resources and offer lower environmental impacts. This trend is driving the development and commercialization of bio-based propylene glycol, which provides similar performance characteristics to its petroleum-based counterpart while supporting sustainability goals.
The bio-based propylene glycol market is experiencing diverse growth patterns influenced by regional regulations, consumer preferences, and industrial capabilities. In North America and Europe, strong regulatory frameworks and high levels of environmental awareness support the adoption of bio-based propylene glycol. These regions have established infrastructure and significant investments in green technologies, facilitating the market’s growth. In Asia-Pacific, the market is expanding rapidly due to increasing industrial activities and rising environmental concerns, with countries like China and India leading the way in adopting sustainable practices. Emerging markets in Latin America, the Middle East, and Africa are also beginning to explore the potential of bio-based propylene glycol as they develop their industrial sectors and face growing pressures to implement more sustainable practices. The varied regional dynamics reflect a global trend towards more sustainable and renewable materials across different industries.
Global Bio-Based Propylene Glycol Market Recent Developments
-
In December 2021, Metadynea LLC, part of Metafrax Group, signed a license agreement and an agreement on the basic design of production of bio-based propylene glycol with Air Liquide Engineering and Construction. A facility to produce bio-based propylene glycol and glycerin will be built at the Metadynea site in the town of Orekhovo-Zuevo in the Moscow Region. It is planned to complete the design development of the complex in 2022, and the start of production of Metadynea is scheduled for 2024.
-
In September 2023, Cargill introduced a new line of Bio-PG products featuring improved purity, designed for applications in pharmaceuticals and cosmetics
Segment Analysis
The global bio-based propylene glycol market is segmented by type, application, and geography, each influencing the market’s dynamics and growth potential. By type, the market includes two primary segments: bio-based propylene glycol produced through hydrogenation and that produced through fermentation. Hydrogenation-based bio-propylene glycol is derived from renewable sources such as plant oils and sugars, using hydrogenation processes to convert these feedstocks into propylene glycol. This type is commonly used in applications where high purity and performance are required. Fermentation-based bio-propylene glycol is produced through microbial fermentation processes, offering an alternative route that can be more sustainable in certain contexts. Each type has unique production processes and benefits, catering to different industry needs and sustainability goals.
Bio-based propylene glycol is utilized across several key sectors, including pharmaceuticals, food and beverages, cosmetics, and industrial applications. In the pharmaceutical industry, bio-based propylene glycol is used as a solvent and carrier in drug formulations due to its safety profile and efficacy. The food and beverage sector employs it as a food additive and flavor carrier, where its bio-based nature appeals to health-conscious consumers and regulatory bodies promoting sustainability. In cosmetics, bio-based propylene glycol is valued for its moisturizing properties and is used in products such as lotions and creams. The industrial sector utilizes bio-based propylene glycol in applications such as antifreeze, de-icing fluids, and as a component in various manufacturing processes. The versatility of bio-based propylene glycol across these applications highlights its growing acceptance and demand as industries seek greener alternatives.
The bio-based propylene glycol market shows varied growth patterns influenced by regional regulations, consumer preferences, and industrial capabilities. In North America and Europe, the market is supported by strong environmental regulations and high consumer demand for sustainable products. These regions have well-established infrastructure and significant investments in green technologies, facilitating the growth of bio-based propylene glycol. In Asia-Pacific, the market is expanding rapidly due to increasing industrial activities and rising environmental concerns, with major economies such as China and India driving the adoption of sustainable practices. Emerging markets in Latin America, the Middle East, and Africa are also beginning to explore bio-based propylene glycol as they develop their industrial sectors and face growing pressures to adopt more sustainable practices. Each region’s unique dynamics contribute to the overall growth and evolution of the global bio-based propylene glycol market, reflecting a global shift towards more sustainable materials and practices.
Global Bio-Based Propylene Glycol Segment Analysis
In this report, the Global Bio-Based Propylene Glycol Market has been segmented by Type, Application, and Geography.
Global Bio-Based Propylene Glycol Market, Segmentation by Type
The Global Bio-Based Propylene Glycol Market has been segmented by Type into Solvent, Antifreeze & Coolant, and Chemical Intermediates.
Solvent is a significant segment, with bio-based propylene glycol being used in various formulations as a safe and effective solvent. In pharmaceuticals, it acts as a carrier for active ingredients, ensuring their proper delivery and efficacy. In the cosmetics industry, bio-based propylene glycol is employed in products such as lotions, creams, and serums for its ability to dissolve other ingredients and enhance product performance. This application segment benefits from the growing consumer demand for eco-friendly and sustainable products, making bio-based propylene glycol an attractive option due to its renewable origins.
Antifreeze and coolant where bio-based propylene glycol is used as a base for automotive and industrial antifreeze solutions. In this application, bio-based propylene glycol offers comparable performance to its petroleum-based counterparts, including effective freeze protection and heat transfer capabilities. The shift towards bio-based alternatives in this segment is driven by increased environmental regulations and the automotive industry's push for greener solutions. Bio-based antifreeze and coolants reduce the reliance on fossil fuels and decrease the environmental impact of automotive fluids, aligning with broader sustainability goals.
Chemical intermediates segment involves the use of bio-based propylene glycol as a precursor in the production of other chemicals. It serves as an essential component in synthesizing various compounds used in industrial processes and consumer products. In this role, bio-based propylene glycol helps in the production of polymers, surfactants, and other chemical products that benefit from its renewable origin. The demand for bio-based chemical intermediates is growing as industries seek to incorporate more sustainable raw materials into their supply chains, driven by both regulatory pressures and consumer preferences for environmentally friendly products. Each type of bio-based propylene glycol reflects its adaptability and increasing role in promoting sustainability across various sectors.
Global Bio-Based Propylene Glycol Market, Segmentation by Application
The Global Bio-Based Propylene Glycol Market has been segmented by Application into Unsaturated Polyester Resins, Functional Fluids & Antifreeze Products, Detergents & Household Products, and Others.
Unsaturated polyester resins are a major application of bio-based propylene glycol, used primarily in the production of composite materials. These resins are vital for manufacturing products like fiberglass, automotive parts, and construction materials due to their strength, durability, and resistance to corrosion. The use of bio-based propylene glycol in unsaturated polyester resins provides a more sustainable alternative to conventional resins derived from fossil fuels, aligning with the industry's increasing focus on reducing environmental impact and enhancing sustainability in manufacturing processes.
Functional fluids and antifreeze products segment, bio-based propylene glycol is utilized as a key ingredient in various formulations, including automotive antifreeze and industrial coolants. The bio-based variant offers effective freeze protection and thermal stability, similar to traditional propylene glycol, but with the added benefit of being derived from renewable sources. The automotive industry’s push for greener solutions and stringent environmental regulations are driving the adoption of bio-based antifreeze and coolants. This application is crucial for reducing the carbon footprint of vehicle maintenance fluids and enhancing the sustainability of industrial operations.
Detergents and household products also benefit from the use of bio-based propylene glycol, where it functions as a solvent and a conditioning agent in various formulations. In detergents, it helps in dissolving grease and dirt, while in household products like cleaners and personal care items, it improves product performance and stability. The trend towards greener and more sustainable household products is driving the demand for bio-based propylene glycol in this segment, as consumers and manufacturers alike seek to reduce the environmental impact of everyday products. The “Others” category encompasses additional applications such as pharmaceuticals, food and beverages, and specialty chemicals, highlighting the material’s versatility and growing role in promoting sustainability across various industries. Each application area demonstrates the increasing acceptance and integration of bio-based propylene glycol as industries and consumers seek more environmentally friendly alternatives.
Global Bio-Based Propylene Glycol Market, Segmentation by Geography
In this report, the Global Bio-Based Propylene Glycol Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Bio-Based Propylene Glycol Market Share (%), by Geographical Region, 2024
North America the market is driven by robust environmental regulations and a high level of investment in sustainable technologies. The United States and Canada are leading the adoption of bio-based propylene glycol, supported by stringent environmental policies and significant consumer demand for green products. North America's well-established infrastructure for the production and distribution of bio-based chemicals facilitates market growth, particularly in applications such as functional fluids, antifreeze products, and unsaturated polyester resins.
Europe is another key region for the bio-based propylene glycol market, propelled by the European Union's comprehensive sustainability policies and initiatives aimed at reducing the environmental impact of industrial processes. The EU's commitment to the Circular Economy and its regulations on chemical safety drive the demand for bio-based alternatives. Countries such as Germany, France, and the Netherlands are at the forefront of adopting bio-based propylene glycol, leveraging advanced technologies and sustainable practices in various applications including detergents, household products, and industrial fluids. Europe's emphasis on green chemistry and renewable materials supports the market's growth and innovation in the region.
Asia-Pacific region, the bio-based propylene glycol market is experiencing rapid expansion due to increasing industrialization and rising environmental awareness. Major economies such as China and India are investing heavily in sustainable technologies and renewable resources, which is driving the demand for bio-based propylene glycol. The region's growing manufacturing base and consumer preference for eco-friendly products are contributing to the market's growth. Emerging markets in While these regions are in earlier stages of market development compared to North America and Europe, they present significant growth opportunities for bio-based propylene glycol as they advance towards more sustainable and environmentally friendly practices. The varied regional dynamics highlight a global trend towards incorporating renewable materials and promoting sustainability across different sectors.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Bio-Based Propylene Glycol Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Rising Consumer Demand for Sustainable Products
- Technological Advances in Production
- Government Incentives and Support
-
Increased Awareness of Chemical Safety - The increased awareness of chemical safety has significantly influenced the demand for bio-based propylene glycol, as consumers and businesses seek safer and more sustainable alternatives to conventional chemicals. Growing concerns about the potential health impacts of synthetic chemicals, including their effects on human health and the environment, have led to a heightened focus on safer chemical options. Bio-based propylene glycol, produced from renewable sources and often considered less harmful than its petroleum-based counterparts, aligns with this shift towards safer chemical practices. This awareness drives consumers and industries to prioritize products that minimize health risks and environmental impact, boosting demand for bio-based propylene glycol.
The rising awareness of chemical safety, regulatory bodies are implementing stricter regulations and guidelines regarding the use of chemicals in various industries. These regulations aim to ensure that chemicals used in products are safe for both consumers and the environment. As a result, companies are increasingly required to adopt safer and more transparent chemical alternatives. Bio-based propylene glycol, which is perceived as a safer option, benefits from these regulatory changes, as businesses seek to comply with new safety standards and reduce their reliance on potentially hazardous substances. Compliance with these regulations not only helps companies avoid penalties but also enhances their reputation for prioritizing consumer and environmental safety.
The focus on chemical safety also drives innovation and investment in the development of bio-based propylene glycol. As awareness of the potential risks associated with conventional chemicals grows, there is a push for research and development to create safer and more effective alternatives. Companies and research institutions are investing in R&D to improve the production processes, performance, and affordability of bio-based propylene glycol. This investment helps address challenges such as higher costs and limited raw material availability, making bio-based propylene glycol a more competitive and attractive option. By advancing these technologies, the industry can meet the growing demand for safer chemical solutions and contribute to a more sustainable and health-conscious market.
Restraints
- Limited Availability of Raw Materials
- Performance and Quality Issues
- Regulatory Compliance Challenges
-
Market Resistance and Awareness - Market resistance and lack of awareness are significant barriers to the adoption of bio-based propylene glycol. Despite its benefits, many consumers and businesses may not be familiar with bio-based propylene glycol and its advantages over traditional petroleum-based propylene glycol. This lack of awareness can lead to skepticism and reluctance to switch, as stakeholders might prefer to stick with established, familiar products. Effective marketing and educational initiatives are crucial to informing potential customers about the benefits of bio-based propylene glycol, such as its environmental and safety advantages, to overcome this resistance and encourage wider acceptance.
The higher production costs associated with bio-based propylene glycol compared to its synthetic counterparts. The production processes for bio-based propylene glycol often involve more complex and expensive technologies, which can result in higher prices. This cost disparity can deter businesses and consumers from adopting bio-based options if they perceive them as economically unfeasible or if the price difference impacts their budgets. Addressing these cost issues through technological advancements and economies of scale is essential to making bio-based propylene glycol more competitive and appealing to the market.
Integrating bio-based propylene glycol into existing supply chains and manufacturing processes can be challenging. Many industries are accustomed to using traditional propylene glycol and may face difficulties adapting to new materials. This includes modifying production techniques, adjusting product formulations, and establishing new supplier relationships. Overcoming these integration challenges requires collaboration between industry players, government support, and investments in infrastructure. By addressing market resistance and increasing awareness, the adoption of bio-based propylene glycol can be accelerated, leading to greater acceptance and a more sustainable chemical industry.
Opportunities
- Development of New Applications
- Advancements in Production Technologies
- Collaborations and Strategic Partnerships
-
Investment in R&D and Innovation - Investment in research and development (R&D) is pivotal for advancing the bio-based propylene glycol market and addressing its current challenges. R&D efforts focus on enhancing the production processes, improving material performance, and reducing costs. By investing in innovative technologies and new production methods, companies can overcome existing limitations such as high production costs and limited availability of raw materials. This investment helps to make bio-based propylene glycol a more competitive alternative to traditional petroleum-based propylene glycol, addressing issues related to cost and efficiency while boosting its overall market viability.
Innovation through R&D also plays a key role in expanding the applications and uses of bio-based propylene glycol. Researchers are exploring new formulations and potential applications across various industries, including pharmaceuticals, cosmetics, food and beverages, and industrial processes. By developing novel applications and improving the performance of bio-based propylene glycol, R&D can help meet the evolving needs of different sectors and tap into new market opportunities. This expansion not only enhances the versatility of bio-based propylene glycol but also drives market growth by catering to diverse industry requirements and consumer preferences.
Investment in R&D fosters collaboration among industry stakeholders, academic institutions, and government agencies. These partnerships can facilitate the sharing of expertise, resources, and funding, accelerating technological advancements and innovation. Collaborative R&D projects often lead to breakthroughs that can significantly improve the performance, affordability, and scalability of bio-based propylene glycol. By prioritizing R&D and encouraging innovation, the industry can drive significant advancements, support the development of more sustainable chemical solutions, and contribute to a greener, more sustainable future.
Competitive Landscape Analysis
Key players in Global Bio-Based Propylene Glycol Market include :
- Archer Daniels Midland Co
- AyasRenewables Inc
- Global Bio-chem Technology
- Huntsman Corp.
- L Air Liquide SA
- Oleon NV
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Bio-Based Propylene Glycol Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Consumer Demand for Sustainable Products
- Technological Advances in Production
- Government Incentives and Support
- Increased Awareness of Chemical Safety
- Restraints
- Limited Availability of Raw Materials
- Performance and Quality Issues
- Regulatory Compliance Challenges
- Market Resistance and Awareness
- Opportunities
- Development of New Applications
- Advancements in Production Technologies
- Collaborations and Strategic Partnerships
- Investment in R&D and Innovation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Bio-Based Propylene Glycol Market, By Type, 2021 - 2031 (USD Million)
- Solvent
- Antifreeze & Coolant
- Chemical Intermediates
- Global Bio-Based Propylene Glycol Market, By Application, 2021 - 2031 (USD Million)
- Unsaturated Polyester Resins
- Functional Fluids & Antifreeze Products
- Detergents & Household Products
- Others
- Global Bio-Based Propylene Glycol Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Bio-Based Propylene Glycol Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Archer Daniels Midland Co
- AyasRenewables Inc
- Global Bio-chem Technology
- Huntsman Corp.
- L Air Liquide SA
- Oleon NV
- Company Profiles
- Analyst Views
- Future Outlook of the Market