바이오 프로파일렌 글리콜 시장 규모, 점유율, 성장 분석 : 원료별, 등급별, 용도별, 최종 이용 산업별, 지역별 - 업계 예측(2026-2033년)

Bio-based Propylene Glycol Market size was valued at USD 4.79 Billion in 2024 and is poised to grow from USD 5 Billion in 2025 to USD 7.06 Billion by 2033, growing at a CAGR of 4.4% during the forecast period (2026-2033).

The Bio-based Propylene Glycol market is on an upward trajectory, fueled by the escalating need for sustainable alternatives to conventional propylene glycol. Key drivers include stringent environmental regulations, heightened consumer awareness regarding the adverse impacts of petroleum-derived products, and a growing inclination towards bio-based materials across various sectors. This eco-friendly product boasts notable benefits such as a diminished carbon footprint, biodegradability, and lower toxicity, making it increasingly popular in industries like cosmetics, pharmaceuticals, food and beverages, and personal care. The market is also experiencing a wave of innovation and product development, catering to the evolving demands of end-users, which presents further opportunities for growth and expansion in this burgeoning sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Bio-based Propylene Glycol market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Bio-based Propylene Glycol Market Segments Analysis

Global Bio-based Propylene Glycol Market is segmented by Source, Grade, Application, End Use Industry and region. Based on Source, the market is segmented into Petroleum based, Bio Based. Based on Grade, the market is segmented into Industrial Grade, USP Grade. Based on application, the market is segmented into Unsaturated Polyester Resin, Solvent, Antifreeze & Coolant, Chemical Intermediates, Others. Based on end user industry, the market is segmented into Food & Beverages, Cosmetics, Building & Construction, Automotive, Pharmaceutical, Detergent & Household, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Bio-based Propylene Glycol Market

A significant driver of the Bio-based Propylene Glycol market is the rising consumer demand for sustainable and eco-friendly products. With increasing awareness of environmental issues, many people are actively seeking bio-based alternatives to conventional petroleum-derived chemicals. Bio-based propylene glycol presents a renewable and biodegradable option, effectively decreasing dependence on fossil fuels and lessening overall environmental impact. This trend is bolstered by supportive government initiatives and regulations that advocate for the adoption of bio-based materials, further fueling market growth. As sustainability becomes a priority in various sectors, the preference for bio-based solutions continues to expand, driving innovation and development in this market.

Restraints in the Bio-based Propylene Glycol Market

A significant challenge facing the bio-based propylene glycol market is its higher cost compared to traditional petroleum-derived alternatives. The production of bio-based propylene glycol requires sophisticated technologies and specific raw materials, leading to increased manufacturing expenses. This cost disparity can hinder its broader acceptance, particularly in markets or industries that prioritize budget-friendly solutions. Nonetheless, advancements in technology and the realization of economies of scale may help reduce this price gap over time, potentially alleviating this barrier to entry. As the market evolves, there remains hope for greater adoption as costs become more competitive.

Market Trends of the Bio-based Propylene Glycol Market

A significant trend in the bio-based propylene glycol market is the escalating demand for sustainable and environmentally friendly ingredients across multiple industries. As consumer awareness of environmental issues grows, there is a notable shift toward the use of renewable, bio-based alternatives to conventional chemical components. Bio-based propylene glycol, sourced from renewable feedstocks like biomass and agricultural by-products, presents an opportunity for companies to lower their carbon emissions and reduce reliance on fossil fuels. This trend is fueled by a combination of consumer preference for sustainable products, government policies advocating for green practices, and corporate commitments to sustainability. Industries such as cosmetics, pharmaceuticals, food and beverages, and automotive are increasingly adopting bio-based propylene glycol, demonstrating a strong market inclination toward eco-conscious solutions and a commitment to environmental stewardship.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Case Study Analysis
• Customer & Buying Criteria Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Pricing Analysis

Global Bio-based Propylene Glycol Market Size by Source & CAGR (2026-2033)

• Market Overview
• Petroleum based
• Bio Based

Global Bio-based Propylene Glycol Market Size by Grade & CAGR (2026-2033)

• Market Overview
• Industrial Grade
• USP Grade

Global Bio-based Propylene Glycol Market Size by Application & CAGR (2026-2033)

• Market Overview
• Unsaturated Polyester Resin
• Solvent
• Antifreeze & Coolant
• Chemical Intermediates
• Others

Global Bio-based Propylene Glycol Market Size by End Use Industry & CAGR (2026-2033)

• Market Overview
• Food & Beverages, Cosmetics
• Building & Construction
• Automotive
• Pharmaceutical
• Detergent & Household
• Others

Global Bio-based Propylene Glycol Market Size & CAGR (2026-2033)

• North America, (Source, Grade, Application, End Use Industry)
  • US
  • Canada
• Europe, (Source, Grade, Application, End Use Industry)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Source, Grade, Application, End Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Source, Grade, Application, End Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Source, Grade, Application, End Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Archer Daniels Midland Company (ADM)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ashland Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cargill, Incorporated
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Oleon (partnership with BASF)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SK Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huntsman International LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• The Dow Chemical Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DuPont Tate & Lyle Bio Products
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Repsol
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Temix Oleo S.R.L.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Global Bio-Chem Technology Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INEOS Oxide
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LyondellBasell Industries
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shell Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Solvay S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Asahi Kasei Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Evonik Industries AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Braskem
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Reverdia
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation