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Global Bio-based Propylene Glycol Market Research Report 2024
Synopsis
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 global Bio-based Propylene Glycol market was valued at US$ 3832 million in 2023 and is anticipated to reach US$ 4713.8 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
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
This report aims to provide a comprehensive presentation of the global market for Bio-based Propylene Glycol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bio-based Propylene Glycol.
Report Scope
The Bio-based Propylene Glycol market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bio-based Propylene Glycol market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bio-based Propylene Glycol manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Ashland
BASF
Cargill
Archer-Daniels-Midland (ADM)
Oleon
Segment by Type
Unsaturated Polyster Resins
Functional Fluids and Antifreeze Products
Pharmaceutical
Cosmetics and Food
Detergents and Household Products
Others
Segment by Application
Cosmetics
Building & Construction
Automotive
Pharmaceutical
Detergent & Household
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Bio-based Propylene Glycol manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Bio-based Propylene Glycol by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Bio-based Propylene Glycol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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 global Bio-based Propylene Glycol market was valued at US$ 3832 million in 2023 and is anticipated to reach US$ 4713.8 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.
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
This report aims to provide a comprehensive presentation of the global market for Bio-based Propylene Glycol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bio-based Propylene Glycol.
Report Scope
The Bio-based Propylene Glycol market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bio-based Propylene Glycol market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bio-based Propylene Glycol manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Ashland
BASF
Cargill
Archer-Daniels-Midland (ADM)
Oleon
Segment by Type
Unsaturated Polyster Resins
Functional Fluids and Antifreeze Products
Pharmaceutical
Cosmetics and Food
Detergents and Household Products
Others
Segment by Application
Cosmetics
Building & Construction
Automotive
Pharmaceutical
Detergent & Household
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Bio-based Propylene Glycol manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Bio-based Propylene Glycol by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Bio-based Propylene Glycol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Bio-based Propylene Glycol Market Overview
1.1 Product Definition
1.2 Bio-based Propylene Glycol Segment by Type
1.2.1 Global Bio-based Propylene Glycol Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Unsaturated Polyster Resins
1.2.3 Functional Fluids and Antifreeze Products
1.2.4 Pharmaceutical
1.2.5 Cosmetics and Food
1.2.6 Detergents and Household Products
1.2.7 Others
1.3 Bio-based Propylene Glycol Segment by Application
1.3.1 Global Bio-based Propylene Glycol Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Cosmetics
1.3.3 Building & Construction
1.3.4 Automotive
1.3.5 Pharmaceutical
1.3.6 Detergent & Household
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Bio-based Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Bio-based Propylene Glycol Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Bio-based Propylene Glycol Production Estimates and Forecasts (2019-2030)
1.4.4 Global Bio-based Propylene Glycol Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Bio-based Propylene Glycol Production Market Share by Manufacturers (2019-2024)
2.2 Global Bio-based Propylene Glycol Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Bio-based Propylene Glycol, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Bio-based Propylene Glycol Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Bio-based Propylene Glycol Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Bio-based Propylene Glycol, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Bio-based Propylene Glycol, Product Offered and Application
2.8 Global Key Manufacturers of Bio-based Propylene Glycol, Date of Enter into This Industry
2.9 Bio-based Propylene Glycol Market Competitive Situation and Trends
2.9.1 Bio-based Propylene Glycol Market Concentration Rate
2.9.2 Global 5 and 10 Largest Bio-based Propylene Glycol Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Bio-based Propylene Glycol Production by Region
3.1 Global Bio-based Propylene Glycol Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Bio-based Propylene Glycol Production Value by Region (2019-2030)
3.2.1 Global Bio-based Propylene Glycol Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Bio-based Propylene Glycol by Region (2025-2030)
3.3 Global Bio-based Propylene Glycol Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Bio-based Propylene Glycol Production by Region (2019-2030)
3.4.1 Global Bio-based Propylene Glycol Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Bio-based Propylene Glycol by Region (2025-2030)
3.5 Global Bio-based Propylene Glycol Market Price Analysis by Region (2019-2024)
3.6 Global Bio-based Propylene Glycol Production and Value, Year-over-Year Growth
3.6.1 North America Bio-based Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Bio-based Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Bio-based Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Bio-based Propylene Glycol Production Value Estimates and Forecasts (2019-2030)
4 Bio-based Propylene Glycol Consumption by Region
4.1 Global Bio-based Propylene Glycol Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Bio-based Propylene Glycol Consumption by Region (2019-2030)
4.2.1 Global Bio-based Propylene Glycol Consumption by Region (2019-2024)
4.2.2 Global Bio-based Propylene Glycol Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Bio-based Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Bio-based Propylene Glycol Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Bio-based Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Bio-based Propylene Glycol Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Bio-based Propylene Glycol Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Bio-based Propylene Glycol Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Bio-based Propylene Glycol Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Bio-based Propylene Glycol Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Bio-based Propylene Glycol Production by Type (2019-2030)
5.1.1 Global Bio-based Propylene Glycol Production by Type (2019-2024)
5.1.2 Global Bio-based Propylene Glycol Production by Type (2025-2030)
5.1.3 Global Bio-based Propylene Glycol Production Market Share by Type (2019-2030)
5.2 Global Bio-based Propylene Glycol Production Value by Type (2019-2030)
5.2.1 Global Bio-based Propylene Glycol Production Value by Type (2019-2024)
5.2.2 Global Bio-based Propylene Glycol Production Value by Type (2025-2030)
5.2.3 Global Bio-based Propylene Glycol Production Value Market Share by Type (2019-2030)
5.3 Global Bio-based Propylene Glycol Price by Type (2019-2030)
6 Segment by Application
6.1 Global Bio-based Propylene Glycol Production by Application (2019-2030)
6.1.1 Global Bio-based Propylene Glycol Production by Application (2019-2024)
6.1.2 Global Bio-based Propylene Glycol Production by Application (2025-2030)
6.1.3 Global Bio-based Propylene Glycol Production Market Share by Application (2019-2030)
6.2 Global Bio-based Propylene Glycol Production Value by Application (2019-2030)
6.2.1 Global Bio-based Propylene Glycol Production Value by Application (2019-2024)
6.2.2 Global Bio-based Propylene Glycol Production Value by Application (2025-2030)
6.2.3 Global Bio-based Propylene Glycol Production Value Market Share by Application (2019-2030)
6.3 Global Bio-based Propylene Glycol Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Ashland
7.1.1 Ashland Bio-based Propylene Glycol Corporation Information
7.1.2 Ashland Bio-based Propylene Glycol Product Portfolio
7.1.3 Ashland Bio-based Propylene Glycol Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Ashland Main Business and Markets Served
7.1.5 Ashland Recent Developments/Updates
7.2 BASF
7.2.1 BASF Bio-based Propylene Glycol Corporation Information
7.2.2 BASF Bio-based Propylene Glycol Product Portfolio
7.2.3 BASF Bio-based Propylene Glycol Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BASF Main Business and Markets Served
7.2.5 BASF Recent Developments/Updates
7.3 Cargill
7.3.1 Cargill Bio-based Propylene Glycol Corporation Information
7.3.2 Cargill Bio-based Propylene Glycol Product Portfolio
7.3.3 Cargill Bio-based Propylene Glycol Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Cargill Main Business and Markets Served
7.3.5 Cargill Recent Developments/Updates
7.4 Archer-Daniels-Midland (ADM)
7.4.1 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Corporation Information
7.4.2 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Product Portfolio
7.4.3 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Archer-Daniels-Midland (ADM) Main Business and Markets Served
7.4.5 Archer-Daniels-Midland (ADM) Recent Developments/Updates
7.5 Oleon
7.5.1 Oleon Bio-based Propylene Glycol Corporation Information
7.5.2 Oleon Bio-based Propylene Glycol Product Portfolio
7.5.3 Oleon Bio-based Propylene Glycol Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Oleon Main Business and Markets Served
7.5.5 Oleon Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Bio-based Propylene Glycol Industry Chain Analysis
8.2 Bio-based Propylene Glycol Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Bio-based Propylene Glycol Production Mode & Process
8.4 Bio-based Propylene Glycol Sales and Marketing
8.4.1 Bio-based Propylene Glycol Sales Channels
8.4.2 Bio-based Propylene Glycol Distributors
8.5 Bio-based Propylene Glycol Customers
9 Bio-based Propylene Glycol Market Dynamics
9.1 Bio-based Propylene Glycol Industry Trends
9.2 Bio-based Propylene Glycol Market Drivers
9.3 Bio-based Propylene Glycol Market Challenges
9.4 Bio-based Propylene Glycol Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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