Biobased Propylene Glycol Market Report: Trends, Forecast and Competitive Analysis to 2030

Biobased Propylene Glycol Trends and Forecast

The future of the global biobased propylene glycol market looks promising with opportunities in the transportation, building & construction, food & beverage, pharmaceutical, and cosmetics & personal care markets. The global biobased propylene glycol market is expected to reach an estimated $5.4 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing consumer demand across a range of businesses for environmentally friendly and sustainable products, rigorous laws that encourage the use of renewable resources and lower carbon footprints, as well as, rising disposable income combined with the population's rapid growth.

A more than 150-page report is developed to help in your business decisions.

Biobased Propylene Glycol by Segment

The study includes a forecast for the global biobased propylene glycol by application, end use, and region.

Biobased Propylene Glycol Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Unsaturated Polyester Resins
• Functional Fluids And Antifreeze Products
• Pharmaceuticals, Cosmetics, And Food
• Detergents And Household Products
• Others

Biobased Propylene Glycol Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Transportation
• Building & Construction
• Food & Beverage
• Pharmaceuticals
• Cosmetics & Personal Care
• Others

Biobased Propylene Glycol Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Biobased Propylene Glycol Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biobased propylene glycol companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biobased propylene glycol companies profiled in this report include-

• BASF
• The Dow Chemical Company
• Global Bio-chem Technology
• LyondellBasell Industries
• Archer Daniels Midland Company
• Huntsman
• S.K.C
• Temix International
• Ineos Oxide
• DuPont Tate & Lyle Bio Products

Biobased Propylene Glycol Market Insights

Lucintel forecasts that unsaturated polyester resin will remain the largest segment over the forecast period due to expanding building and construction sector and rising investments in infrastructure development in developing economies.

APAC will remain the largest region over the forecast period due to growing population in the area combined with rising building expenditures in South Korea, China, and India's expanding markets.

Features of the Global Biobased Propylene Glycol Market

Market Size Estimates: Biobased propylene glycol market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Biobased propylene glycol market size by application, end use, and region in terms of value ($B).

Regional Analysis: Biobased propylene glycol market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different application, end use, and regions for the biobased propylene glycol market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biobased propylene glycol market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the biobased propylene glycol market size?

Answer: The global biobased propylene glycol market is expected to reach an estimated $5.4 billion by 2030.

Q2. What is the growth forecast for biobased propylene glycol market?

Answer: The global biobased propylene glycol market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the biobased propylene glycol market?

Answer: The major drivers for this market are growing consumer demand across a range of businesses for environmentally friendly and sustainable products, rigorous laws that encourage the use of renewable resources and lower carbon footprints, as well as, rising disposable income combined with the population's rapid growth.

Q4. What are the major segments for biobased propylene glycol market?

Answer: The future of the global biobased propylene glycol market looks promising with opportunities in the transportation, building & construction, food & beverage, pharmaceutical, and cosmetics & personal care markets.

Q5. Who are the key biobased propylene glycol market companies?

Answer: Some of the key biobased propylene glycol companies are as follows.

• BASF
• The Dow Chemical Company
• Global Bio-chem Technology
• LyondellBasell Industries
• Archer Daniels Midland Company
• Huntsman
• S.K.C
• Temix International
• Ineos Oxide
• DuPont Tate & Lyle Bio Products

Q6. Which biobased propylene glycol market segment will be the largest in future?

Answer: Lucintel forecasts that unsaturated polyester resin will remain the largest segment over the forecast period due to expanding building and construction sector and rising investments in infrastructure development in developing economies.

Q7. In biobased propylene glycol market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing population in the area combined with rising building expenditures in South Korea, China, and India's expanding markets.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the biobased propylene glycol market by application (unsaturated polyester resins, functional fluids and antifreeze products, pharmaceuticals, cosmetics, and food, detergents and household products, and others), end use (transportation, building & construction, food & beverage, pharmaceuticals, cosmetics & personal care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?