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Bio-based Propylene Glycol-Global Market Insights and Sales Trends 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 size is expected to reach US$ 4713.8 million by 2029, growing at a CAGR of 2.9% from 2023 to 2029. The market is mainly driven by the significant applications of Bio-based Propylene Glycol in various end use industries. The expanding demands from the Cosmetics, Building & Construction, Automotive and Pharmaceutical, are propelling Bio-based Propylene Glycol market. Unsaturated Polyster Resins, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Functional Fluids and Antifreeze Products segment is estimated at % CAGR for the next seven-year period.
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
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-based Propylene Glycol, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-based Propylene Glycol market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-based Propylene Glycol market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-based Propylene Glycol sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-based Propylene Glycol covered in this report include Ashland, BASF, Cargill, Archer-Daniels-Midland (ADM) and Oleon, etc.
The global Bio-based Propylene Glycol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ashland
BASF
Cargill
Archer-Daniels-Midland (ADM)
Oleon
Global Bio-based Propylene Glycol market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-based Propylene Glycol market, Segment by Type:
Unsaturated Polyster Resins
Functional Fluids and Antifreeze Products
Pharmaceutical
Cosmetics and Food
Detergents and Household Products
Others
Global Bio-based Propylene Glycol market, by Application
Cosmetics
Building & Construction
Automotive
Pharmaceutical
Detergent & Household
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-based Propylene Glycol manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-based Propylene Glycol in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 size is expected to reach US$ 4713.8 million by 2029, growing at a CAGR of 2.9% from 2023 to 2029. The market is mainly driven by the significant applications of Bio-based Propylene Glycol in various end use industries. The expanding demands from the Cosmetics, Building & Construction, Automotive and Pharmaceutical, are propelling Bio-based Propylene Glycol market. Unsaturated Polyster Resins, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Functional Fluids and Antifreeze Products segment is estimated at % CAGR for the next seven-year period.
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
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-based Propylene Glycol, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-based Propylene Glycol market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-based Propylene Glycol market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-based Propylene Glycol sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-based Propylene Glycol covered in this report include Ashland, BASF, Cargill, Archer-Daniels-Midland (ADM) and Oleon, etc.
The global Bio-based Propylene Glycol market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ashland
BASF
Cargill
Archer-Daniels-Midland (ADM)
Oleon
Global Bio-based Propylene Glycol market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-based Propylene Glycol market, Segment by Type:
Unsaturated Polyster Resins
Functional Fluids and Antifreeze Products
Pharmaceutical
Cosmetics and Food
Detergents and Household Products
Others
Global Bio-based Propylene Glycol market, by Application
Cosmetics
Building & Construction
Automotive
Pharmaceutical
Detergent & Household
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-based Propylene Glycol manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-based Propylene Glycol in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Bio-based Propylene Glycol Market Overview
1.1 Bio-based Propylene Glycol Product Overview
1.2 Bio-based Propylene Glycol Market Segment by Type
1.2.1 Unsaturated Polyster Resins
1.2.2 Functional Fluids and Antifreeze Products
1.2.3 Pharmaceutical
1.2.4 Cosmetics and Food
1.2.5 Detergents and Household Products
1.2.6 Others
1.3 Global Bio-based Propylene Glycol Market Size by Type
1.3.1 Global Bio-based Propylene Glycol Market Size Overview by Type (2018-2029)
1.3.2 Global Bio-based Propylene Glycol Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bio-based Propylene Glycol Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bio-based Propylene Glycol Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bio-based Propylene Glycol Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bio-based Propylene Glycol Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bio-based Propylene Glycol Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bio-based Propylene Glycol Sales Breakdown by Type (2018-2023)
2 Global Bio-based Propylene Glycol Market Competition by Company
2.1 Global Top Players by Bio-based Propylene Glycol Sales (2018-2023)
2.2 Global Top Players by Bio-based Propylene Glycol Revenue (2018-2023)
2.3 Global Top Players by Bio-based Propylene Glycol Price (2018-2023)
2.4 Global Top Manufacturers Bio-based Propylene Glycol Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bio-based Propylene Glycol Market Competitive Situation and Trends
2.5.1 Bio-based Propylene Glycol Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bio-based Propylene Glycol Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bio-based Propylene Glycol as of 2022)
2.7 Date of Key Manufacturers Enter into Bio-based Propylene Glycol Market
2.8 Key Manufacturers Bio-based Propylene Glycol Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bio-based Propylene Glycol Status and Outlook by Region
3.1 Global Bio-based Propylene Glycol Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bio-based Propylene Glycol Historic Market Size by Region
3.2.1 Global Bio-based Propylene Glycol Sales in Volume by Region (2018-2023)
3.2.2 Global Bio-based Propylene Glycol Sales in Value by Region (2018-2023)
3.2.3 Global Bio-based Propylene Glycol Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bio-based Propylene Glycol Forecasted Market Size by Region
3.3.1 Global Bio-based Propylene Glycol Sales in Volume by Region (2024-2029)
3.3.2 Global Bio-based Propylene Glycol Sales in Value by Region (2024-2029)
3.3.3 Global Bio-based Propylene Glycol Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bio-based Propylene Glycol by Application
4.1 Bio-based Propylene Glycol Market Segment by Application
4.1.1 Cosmetics
4.1.2 Building & Construction
4.1.3 Automotive
4.1.4 Pharmaceutical
4.1.5 Detergent & Household
4.1.6 Others
4.2 Global Bio-based Propylene Glycol Market Size by Application
4.2.1 Global Bio-based Propylene Glycol Market Size Overview by Application (2018-2029)
4.2.2 Global Bio-based Propylene Glycol Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bio-based Propylene Glycol Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bio-based Propylene Glycol Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bio-based Propylene Glycol Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bio-based Propylene Glycol Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bio-based Propylene Glycol Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bio-based Propylene Glycol Sales Breakdown by Application (2018-2023)
5 North America Bio-based Propylene Glycol by Country
5.1 North America Bio-based Propylene Glycol Historic Market Size by Country
5.1.1 North America Bio-based Propylene Glycol Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bio-based Propylene Glycol Sales in Volume by Country (2018-2023)
5.1.3 North America Bio-based Propylene Glycol Sales in Value by Country (2018-2023)
5.2 North America Bio-based Propylene Glycol Forecasted Market Size by Country
5.2.1 North America Bio-based Propylene Glycol Sales in Volume by Country (2024-2029)
5.2.2 North America Bio-based Propylene Glycol Sales in Value by Country (2024-2029)
6 Europe Bio-based Propylene Glycol by Country
6.1 Europe Bio-based Propylene Glycol Historic Market Size by Country
6.1.1 Europe Bio-based Propylene Glycol Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bio-based Propylene Glycol Sales in Volume by Country (2018-2023)
6.1.3 Europe Bio-based Propylene Glycol Sales in Value by Country (2018-2023)
6.2 Europe Bio-based Propylene Glycol Forecasted Market Size by Country
6.2.1 Europe Bio-based Propylene Glycol Sales in Volume by Country (2024-2029)
6.2.2 Europe Bio-based Propylene Glycol Sales in Value by Country (2024-2029)
7 Asia-Pacific Bio-based Propylene Glycol by Region
7.1 Asia-Pacific Bio-based Propylene Glycol Historic Market Size by Region
7.1.1 Asia-Pacific Bio-based Propylene Glycol Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bio-based Propylene Glycol Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bio-based Propylene Glycol Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bio-based Propylene Glycol Forecasted Market Size by Region
7.2.1 Asia-Pacific Bio-based Propylene Glycol Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bio-based Propylene Glycol Sales in Value by Region (2024-2029)
8 Latin America Bio-based Propylene Glycol by Country
8.1 Latin America Bio-based Propylene Glycol Historic Market Size by Country
8.1.1 Latin America Bio-based Propylene Glycol Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bio-based Propylene Glycol Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bio-based Propylene Glycol Sales in Value by Country (2018-2023)
8.2 Latin America Bio-based Propylene Glycol Forecasted Market Size by Country
8.2.1 Latin America Bio-based Propylene Glycol Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bio-based Propylene Glycol Sales in Value by Country (2024-2029)
9 Middle East and Africa Bio-based Propylene Glycol by Country
9.1 Middle East and Africa Bio-based Propylene Glycol Historic Market Size by Country
9.1.1 Middle East and Africa Bio-based Propylene Glycol Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bio-based Propylene Glycol Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bio-based Propylene Glycol Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bio-based Propylene Glycol Forecasted Market Size by Country
9.2.1 Middle East and Africa Bio-based Propylene Glycol Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bio-based Propylene Glycol Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Ashland
10.1.1 Ashland Company Information
10.1.2 Ashland Introduction and Business Overview
10.1.3 Ashland Bio-based Propylene Glycol Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Ashland Bio-based Propylene Glycol Products Offered
10.1.5 Ashland Recent Development
10.2 BASF
10.2.1 BASF Company Information
10.2.2 BASF Introduction and Business Overview
10.2.3 BASF Bio-based Propylene Glycol Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BASF Bio-based Propylene Glycol Products Offered
10.2.5 BASF Recent Development
10.3 Cargill
10.3.1 Cargill Company Information
10.3.2 Cargill Introduction and Business Overview
10.3.3 Cargill Bio-based Propylene Glycol Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Cargill Bio-based Propylene Glycol Products Offered
10.3.5 Cargill Recent Development
10.4 Archer-Daniels-Midland (ADM)
10.4.1 Archer-Daniels-Midland (ADM) Company Information
10.4.2 Archer-Daniels-Midland (ADM) Introduction and Business Overview
10.4.3 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Archer-Daniels-Midland (ADM) Bio-based Propylene Glycol Products Offered
10.4.5 Archer-Daniels-Midland (ADM) Recent Development
10.5 Oleon
10.5.1 Oleon Company Information
10.5.2 Oleon Introduction and Business Overview
10.5.3 Oleon Bio-based Propylene Glycol Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Oleon Bio-based Propylene Glycol Products Offered
10.5.5 Oleon Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bio-based Propylene Glycol Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bio-based Propylene Glycol Industrial Chain Analysis
11.4 Bio-based Propylene Glycol Market Dynamics
11.4.1 Bio-based Propylene Glycol Industry Trends
11.4.2 Bio-based Propylene Glycol Market Drivers
11.4.3 Bio-based Propylene Glycol Market Challenges
11.4.4 Bio-based Propylene Glycol Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bio-based Propylene Glycol Distributors
12.3 Bio-based Propylene Glycol Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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