Bio-Based Propylene Glycol Market size is expected to reach 140.58 US$ Mn in year 2030, at a CAGR of 4.95%during the forecast period. The report covers an in depth analysis of COVID 19 pandemic impact on Global Bio-Based Propylene Glycol Market by region and on the key players revenue affected till July 2021 and expected short term and long term impact on the market.Bio-Based Propylene Glycol Market Dynamics:
Bio- Based Propylene glycol is a chemically neutral, safe, semi viscous chemical fluid utilized in many food, cosmetic and industrial applications. Bio- Based propylene glycol possess good antifreeze, emulsifying, adhesive properties while also providing the safety of very low toxicity. Bio based propylene glycol is derived by catalytic process from plants. It helps is reducing greenhouse gas emissions and it is used in manufacturing of colognes and perfumes. Various factors such as sustainable & eco-friendly manufacturing method of bio based propylene glycol, growing use in automotive industry as coolant due to its low freezing point, rapidly expanding building and construction industry in emerging economies such as China, India, South Korea and Brazil and growing demand for bio-based propylene glycol in various pharmaceutical grade applications are driving the market growth over forecast period. Many major companies are now commercializing bio-based chemicals to achieve sustainability in the long run by integrating various advanced technologies in their manufacturing facilities, which is expected to create lucrative opportunities for market over forecast period. However, factors such as factors such as fluctuations in raw material prices, less product differentiation of petroleum based propylene glycol, huge initial investment requirement for establishing bio based manufacturing facilities, lack of universal enforcement directives pertaining to applications of bio based propylene and less adoption in many underdeveloped countries are restraining the market growth over forecast period.To know about the Research Methodology :- Request Free Sample Report
Bio-Based Propylene Glycol Market Segmentation:
Global Bio-Based Propylene Glycol Market is segmented by application, by End-User and region. By application, unsaturated polyester application segment held highest market share in 2021 and is expected to keep its dominance over forecast period owing to increasing use of unsaturated polyester resins in building and construction industry. Unsaturated polyester application segment is followed by antifreeze & coolant and chemical intermediates application segment. Antifreeze & coolant application segment is expected to hold xx% of market share over forecast period. Bio-Based Propylene Glycol possess various properties such as low freezing point and high viscosity, these properties increase its use in automotive and general industry. By End user, Automotive End-User segment held highest market share in 2021 and is expected to keep its dominance over forecast period owing to increasing production and sales of automotive vehicles across the globe. Automotive End-User segment is followed by Building and construction End-User segment with xx% of market share over forecast period. By geography, APAC held highest market share of 41.23% in 2021 and is expected to keep its dominance over forecast period owing to rapidly expanding End-User industries in this region. Factors such as growing automotive production in this region, rapidly expanding building and construction industries in China, India, South Asia and ASEAN countries, growing presence of major market players in this region, easy availability of labour & technical expertise at low cost and growing awareness regarding the benefits of renewable chemistry are driving the market growth in this region. APAC is followed by North America and Europe. North America is expected to hold xx% of market share over forecast period owing to increasing remodelling and reconstruction of buildings in United States and Canada. Europe is expected to hold third largest market share in global bio-based propylene glycol market owing to stringent European Union’s regulation. Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Some of the major key covered in this market are Archer Daniels Midland Company (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), DuPont Tate & Lyle Bio Products Company, LLC (UK), Huntsman International LLC. (U.S.) among others. These key players held more than 85% of global market share in 2021. Among all of these, the Dow Chemical Company (U.S.) is the major market player. Recently to increase the production capacity and to launch new products they have entered into technology partnership with Evonik. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations. The objective of the report is to present a comprehensive analysis of the Global Bio-Based Propylene Glycol including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Bio-Based Propylene Glycol dynamics, structure by analyzing the market segments and project Global Bio-Based Propylene Glycol Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Bio-Based Propylene Glycol the report investor’s guideBio-Based Propylene Glycol Market Scope: Inquire before buying
Bio-Based Propylene Glycol Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 100.24 Mn. Forecast Period 2024 to 2030 CAGR: 4.95% Market Size in 2030: US $ 140.58 Mn. Segments Covered: by Application Unsaturated Polyester Resins Solvent Antifreeze & Coolant Chemical Intermediates Others by End-Users Cosmetics Building & Construction Automotive Pharmaceutical Detergent & Household Others Bio-Based Propylene Glycol Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Bio-Based Propylene Glycol Market Major Players
• Archer Daniels Midland Company (U.S.) • BASF SE (Germany) • The Dow Chemical Company (U.S.) • DuPont Tate & Lyle Bio Products Company, LLC (UK) • Huntsman International LLC. (U.S.) • Oleon (Belgium) • Ashland. (U.S.) • Cargill • ADM • Global Bio-Chem Technology Group Co., Ltd. (China) • SKC Co., Ltd. (South Korea) • Temix International S.R.L. (Italy) • Ineos Oxide (Switzerland) Frequently Asked Questions: 1. Which region has the largest share in Global Bio-Based Propylene Glycol Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Bio-Based Propylene Glycol Market? Ans: The Global Bio-Based Propylene Glycol Market is growing at a CAGR of 4.95% during forecasting period 2024-2030 3. What is scope of the Global Bio-Based Propylene Glycol Market report? Ans: Global Bio-Based Propylene Glycol Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Bio-Based Propylene Glycol Market? Ans: The important key players in the Global Bio-Based Propylene Glycol Market are – Archer Daniels Midland Company (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), DuPont Tate & Lyle Bio Products Company, LLC (UK), Huntsman International LLC. (U.S.), Oleon (Belgium), Ashland. (U.S.), Cargill, ADM, Global Bio-Chem Technology Group Co., Ltd. (China), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland) 5. What is the study period of this Market? Ans: The Global Bio-Based Propylene Glycol Market is studied from 2023 to 2030
1. Bio-Based Propylene Glycol Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Bio-Based Propylene Glycol Market: Dynamics 2.1. Bio-Based Propylene Glycol Market Trends by Region 2.1.1. North America Bio-Based Propylene Glycol Market Trends 2.1.2. Europe Bio-Based Propylene Glycol Market Trends 2.1.3. Asia Pacific Bio-Based Propylene Glycol Market Trends 2.1.4. Middle East and Africa Bio-Based Propylene Glycol Market Trends 2.1.5. South America Bio-Based Propylene Glycol Market Trends 2.2. Bio-Based Propylene Glycol Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Bio-Based Propylene Glycol Market Drivers 2.2.1.2. North America Bio-Based Propylene Glycol Market Restraints 2.2.1.3. North America Bio-Based Propylene Glycol Market Opportunities 2.2.1.4. North America Bio-Based Propylene Glycol Market Challenges 2.2.2. Europe 2.2.2.1. Europe Bio-Based Propylene Glycol Market Drivers 2.2.2.2. Europe Bio-Based Propylene Glycol Market Restraints 2.2.2.3. Europe Bio-Based Propylene Glycol Market Opportunities 2.2.2.4. Europe Bio-Based Propylene Glycol Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Bio-Based Propylene Glycol Market Drivers 2.2.3.2. Asia Pacific Bio-Based Propylene Glycol Market Restraints 2.2.3.3. Asia Pacific Bio-Based Propylene Glycol Market Opportunities 2.2.3.4. Asia Pacific Bio-Based Propylene Glycol Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Bio-Based Propylene Glycol Market Drivers 2.2.4.2. Middle East and Africa Bio-Based Propylene Glycol Market Restraints 2.2.4.3. Middle East and Africa Bio-Based Propylene Glycol Market Opportunities 2.2.4.4. Middle East and Africa Bio-Based Propylene Glycol Market Challenges 2.2.5. South America 2.2.5.1. South America Bio-Based Propylene Glycol Market Drivers 2.2.5.2. South America Bio-Based Propylene Glycol Market Restraints 2.2.5.3. South America Bio-Based Propylene Glycol Market Opportunities 2.2.5.4. South America Bio-Based Propylene Glycol Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Bio-Based Propylene Glycol Industry 2.8. Analysis of Government Schemes and Initiatives For Bio-Based Propylene Glycol Industry 2.9. Bio-Based Propylene Glycol Market Trade Analysis 2.10. The Global Pandemic Impact on Bio-Based Propylene Glycol Market 3. Bio-Based Propylene Glycol Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 3.1.1. Unsaturated Polyester Resins (UPRs) 3.1.2. Solvent 3.1.3. Antifreeze & Coolant 3.1.4. Chemical Intermediates 3.1.5. Others 3.2. Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 3.2.1. Cosmetics 3.2.2. Building & Construction 3.2.3. Automotive 3.2.4. Pharmaceutical 3.2.5. Detergent & Household 3.2.6. Others 3.3. Bio-Based Propylene Glycol Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Bio-Based Propylene Glycol Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 4.1.1. Unsaturated Polyester Resins (UPRs) 4.1.2. Solvent 4.1.3. Antifreeze & Coolant 4.1.4. Chemical Intermediates 4.1.5. Others 4.2. North America Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 4.2.1. Cosmetics 4.2.2. Building & Construction 4.2.3. Automotive 4.2.4. Pharmaceutical 4.2.5. Detergent & Household 4.2.6. Others 4.3. North America Bio-Based Propylene Glycol Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 4.3.1.1.1. Unsaturated Polyester Resins (UPRs) 4.3.1.1.2. Solvent 4.3.1.1.3. Antifreeze & Coolant 4.3.1.1.4. Chemical Intermediates 4.3.1.1.5. Others 4.3.1.2. United States Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 4.3.1.2.1. Cosmetics 4.3.1.2.2. Building & Construction 4.3.1.2.3. Automotive 4.3.1.2.4. Pharmaceutical 4.3.1.2.5. Detergent & Household 4.3.1.2.6. Others 4.3.2. Canada 4.3.2.1. Canada Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 4.3.2.1.1. Unsaturated Polyester Resins (UPRs) 4.3.2.1.2. Solvent 4.3.2.1.3. Antifreeze & Coolant 4.3.2.1.4. Chemical Intermediates 4.3.2.1.5. Others 4.3.2.2. Canada Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 4.3.2.2.1. Cosmetics 4.3.2.2.2. Building & Construction 4.3.2.2.3. Automotive 4.3.2.2.4. Pharmaceutical 4.3.2.2.5. Detergent & Household 4.3.2.2.6. Others 4.3.3. Mexico 4.3.3.1. Mexico Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 4.3.3.1.1. Unsaturated Polyester Resins (UPRs) 4.3.3.1.2. Solvent 4.3.3.1.3. Antifreeze & Coolant 4.3.3.1.4. Chemical Intermediates 4.3.3.1.5. Others 4.3.3.2. Mexico Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 4.3.3.2.1. Cosmetics 4.3.3.2.2. Building & Construction 4.3.3.2.3. Automotive 4.3.3.2.4. Pharmaceutical 4.3.3.2.5. Detergent & Household 4.3.3.2.6. Others 5. Europe Bio-Based Propylene Glycol Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.2. Europe Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3. Europe Bio-Based Propylene Glycol Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.1.2. United Kingdom Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.2. France 5.3.2.1. France Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.2.2. France Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.3.2. Germany Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.4.2. Italy Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.5.2. Spain Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.6.2. Sweden Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.7.2. Austria Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 5.3.8.2. Rest of Europe Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6. Asia Pacific Bio-Based Propylene Glycol Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.2. Asia Pacific Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3. Asia Pacific Bio-Based Propylene Glycol Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.1.2. China Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.2.2. S Korea Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.3.2. Japan Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.4. India 6.3.4.1. India Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.4.2. India Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.5.2. Australia Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.6.2. Indonesia Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.7.2. Malaysia Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.8.2. Vietnam Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.9.2. Taiwan Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 6.3.10.2. Rest of Asia Pacific Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 7. Middle East and Africa Bio-Based Propylene Glycol Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 7.2. Middle East and Africa Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 7.3. Middle East and Africa Bio-Based Propylene Glycol Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 7.3.1.2. South Africa Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 7.3.2.2. GCC Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 7.3.3.2. Nigeria Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 7.3.4.2. Rest of ME&A Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 8. South America Bio-Based Propylene Glycol Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 8.2. South America Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 8.3. South America Bio-Based Propylene Glycol Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 8.3.1.2. Brazil Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 8.3.2.2. Argentina Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Bio-Based Propylene Glycol Market Size and Forecast, by Application (2023-2030) 8.3.3.2. Rest Of South America Bio-Based Propylene Glycol Market Size and Forecast, by End User (2023-2030) 9. Global Bio-Based Propylene Glycol Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Bio-Based Propylene Glycol Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Archer Daniels Midland Company (U.S.) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. BASF SE (Germany) 10.3. The Dow Chemical Company (U.S.) 10.4. DuPont Tate & Lyle Bio Products Company, LLC (UK) 10.5. Huntsman International LLC. (U.S.) 10.6. Oleon (Belgium) 10.7. Ashland. (U.S.) 10.8. Cargill 10.9. ADM 10.10. Global Bio-Chem Technology Group Co., Ltd. (China) 10.11. SKC Co., Ltd. (South Korea) 10.12. Temix International S.R.L. (Italy) 10.13. Ineos Oxide (Switzerland) 11. Key Findings 12. Industry Recommendations 13. Bio-Based Propylene Glycol Market: Research Methodology 14. Terms and Glossary