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).
Report ID: Rn390606968 Published Date: January, 2025 Updated Date: February, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Bio-Based Propylene Glycol Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Consumer Demand for Sustainable Products
        2. Technological Advances in Production
        3. Government Incentives and Support
        4. Increased Awareness of Chemical Safety
      2. Restraints
        1. Limited Availability of Raw Materials
        2. Performance and Quality Issues
        3. Regulatory Compliance Challenges
        4. Market Resistance and Awareness
      3. Opportunities
        1. Development of New Applications
        2. Advancements in Production Technologies
        3. Collaborations and Strategic Partnerships
        4. Investment in R&D and Innovation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bio-Based Propylene Glycol Market, By Type, 2021 - 2031 (USD Million)
      1. Solvent
      2. Antifreeze & Coolant
      3. Chemical Intermediates
    2. Global Bio-Based Propylene Glycol Market, By Application, 2021 - 2031 (USD Million)
      1. Unsaturated Polyester Resins
      2. Functional Fluids & Antifreeze Products
      3. Detergents & Household Products
      4. Others
    3. Global Bio-Based Propylene Glycol Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Archer Daniels Midland Co
      2. AyasRenewables Inc
      3. Global Bio-chem Technology
      4. Huntsman Corp.
      5. L Air Liquide SA
      6. Oleon NV
  7. Analyst Views
  8. Future Outlook of the Market