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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 $5.4 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing consumer demand across a range of businesses for environmentally friendly and sustainable products, rigorous laws that encourage the use of renewable resources and lower carbon footprints, as well as, rising disposable income combined with the populationÄX%$%Xs rapid growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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 IndiaÄX%$%Xs expanding markets.
Features of the Global Biobased Propylene Glycol Market
Market Size Estimates: Biobased propylene glycol market size estimation in terms of value ($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 $5.4 billion by 2030.
Q2. What is the growth forecast for biobased propylene glycol market?
Answer: The global biobased propylene glycol market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the biobased propylene glycol market?
Answer: The major drivers for this market are growing consumer demand across a range of businesses for environmentally friendly and sustainable products, rigorous laws that encourage the use of renewable resources and lower carbon footprints, as well as, rising disposable income combined with the populationÄX%$%Xs 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 IndiaÄX%$%Xs 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?
For any questions related to Biobased Propylene Glycol Market, Biobased Propylene Glycol Market Size, Biobased Propylene Glycol Market Growth, Biobased Propylene Glycol Market Analysis, Biobased Propylene Glycol Market Report, Biobased Propylene Glycol Market Share, Biobased Propylene Glycol Market Trends, Biobased Propylene Glycol Market Forecast, Biobased Propylene Glycol Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Biobased Propylene Glycol Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Biobased Propylene Glycol Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Biobased Propylene Glycol Market by Application
3.3.1: Unsaturated Polyester Resins
3.3.2: Functional Fluids And Antifreeze Products
3.3.3: Pharmaceuticals, Cosmetics, And Food
3.3.4: Detergents And Household Products
3.3.5: Others
3.4: Global Biobased Propylene Glycol Market by End Use
3.4.1: Transportation
3.4.2: Building & Construction
3.4.3: Food & Beverage
3.4.4: Pharmaceuticals
3.4.5: Cosmetics & Personal Care
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Biobased Propylene Glycol Market by Region
4.2: North American Biobased Propylene Glycol Market
4.2.2: North American Biobased Propylene Glycol Market by End Use: Transportation, Building & Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, and Others
4.3: European Biobased Propylene Glycol Market
4.3.1: European Biobased Propylene Glycol Market by Application: Unsaturated Polyester Resins, Functional Fluids And Antifreeze Products, Pharmaceuticals, Cosmetics, And Food, Detergents And Household Products, and Others
4.3.2: European Biobased Propylene Glycol Market by End Use: Transportation, Building & Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, and Others
4.4: APAC Biobased Propylene Glycol Market
4.4.1: APAC Biobased Propylene Glycol Market by Application: Unsaturated Polyester Resins, Functional Fluids And Antifreeze Products, Pharmaceuticals, Cosmetics, And Food, Detergents And Household Products, and Others
4.4.2: APAC Biobased Propylene Glycol Market by End Use: Transportation, Building & Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, and Others
4.5: ROW Biobased Propylene Glycol Market
4.5.1: ROW Biobased Propylene Glycol Market by Application: Unsaturated Polyester Resins, Functional Fluids And Antifreeze Products, Pharmaceuticals, Cosmetics, And Food, Detergents And Household Products, and Others
4.5.2: ROW Biobased Propylene Glycol Market by End Use: Transportation, Building & Construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Biobased Propylene Glycol Market by Application
6.1.2: Growth Opportunities for the Global Biobased Propylene Glycol Market by End Use
6.1.3: Growth Opportunities for the Global Biobased Propylene Glycol Market by Region
6.2: Emerging Trends in the Global Biobased Propylene Glycol Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Biobased Propylene Glycol Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Biobased Propylene Glycol Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: BASF
7.2: The Dow Chemical Company
7.3: Global Bio-chem Technology
7.4: LyondellBasell Industries
7.5: Archer Daniels Midland Company
7.6: Huntsman
7.7: S.K.C
7.8: Temix International
7.9: Ineos Oxide
7.10: DuPont Tate & Lyle Bio Products
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's 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 this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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