Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Bio-Based Propylene Glycol Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Bio-Based Propylene Glycol Market Grow Between 2024 and 2025?
The Bio-Based Propylene Glycol market has shown a steady growth trend historically. The market size is projected to increase from $4.53 billion in 2024 to $4.66 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 3.0%.
How Much Will the Bio-Based Propylene Glycol Market Be Worth in 2029?
The Bio-Based Propylene Glycol market is projected to reach a market size of $5.38 billion in 2029, with a compound annual growth rate (CAGR) of 3.6%.
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Which Bio-Based Propylene Glycol Market Drivers Are Linked to Revenue Growth?
The key Drivers in the bio-based propylene glycol market are:
• Growth of the market is being fueled by increased investment in renewable energy
• The ongoing global shift towards sustainable and environmentally-friendly power generation contributes to market growth
• The development of sustainable processes using bio-based feedstocks enhances the production of bio-based propylene glycol
• Investment in renewable energy solutions is driving market growth
Which Segments Are Expected to Grow in the Bio-Based Propylene Glycol Market?
The bio-based propylene glycolmarket covered in this report is segmented –
1) By Type: Bio-Based 1, 2- Propylene Glycol, Bio-Based 1,3- Propylene Glycol
2) By Application: Solvent, Chemical Intermediates, Unsaturated Polyester Adhesives, Antifreeze And Coolant, Other Applications
3) By End-User Industry: Food Processing, Building And Construction, Cosmetics, Automotive, Pharmaceuticals, Transportation, Detergent And Household, Marine, Other End-User Industries
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What Are The Key Trends Impacting Growth In The Global Bio-Based Propylene Glycol Market?
The key trends in the bio-based propylene glycol market are:
• Major players are focusing on developing sustainable forms of bio-based propylene glycol to reduce carbon emissions.
• The utilization of renewable, bio-based feedstocks is becoming prominent in propylene glycol production.
• Several companies are launching innovative solutions that promote the use of renewable resources and minimize waste.
• Replacing traditional fossil-based feedstocks with bio-circular feedstocks marks a significant trend in the industry.
Who Are the Key Competitors in the Global Bio-Based Propylene Glycol Market?
The key players in the bio-based propylene glycol market are:
• 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
Where Is the Bio-Based Propylene Glycol Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the bio-based propylene glycol market in 2024
