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.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
The publisher 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
Answer: The publisher 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,the publisher 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?
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Table of Contents
1. Executive Summary
2. Global Biobased Propylene Glycol Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF
- The Dow Chemical Company
- Global Bio-chem Technology
- LyondellBasell Industries
- Archer Daniels Midland Company
- Huntsman
- S.K.C
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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