The Bio-Based Propylene Glycol Market was valued at USD 4.58 billion in 2023 and is expected to reach USD 6.75 Billion by 2032, growing at a CAGR of 4.43 % over the forecast period 2024-2032.
Due to the rising demand for sustainable and eco-friendly products in various industries, the Bio-Based Propylene Glycol (BPG) market is rapidly expanding. The increase in environmental problems has pushed this clear transition from petroleum-based chemicals to bio-based chemicals. BPG is produced from renewable resources such as vegetable oils or corn, making it a more sustainable alternative to propylene glycol, which is petroleum-based. Adapting to a less polluting supply chain is crucial, especially in food processing, cosmetics, and pharmaceutical industries due to increasing consumer demand for green, non-toxic, and biodegradable products. Furthermore, BPG finds prevalent use in antifreeze and coolant applications that are projected to grow owing to increased demand for safer and eco-friendly automotive fluids. Europe saw a 15% increase in the bio-based antifreeze market in 2023, led by the growth of eco-friendly fluids in the automotive industry. According to the Personal Care Products Council, the preference for personal care products that have renewable, natural, and sustainable ingredients is as high as 48% in 2023, thus driving manufacturers to embrace bio-based solutions such as BPG. Moreover, a large part of drug formulations (over 30%) in developed markets, incriminating additionally to the increasing consumer demand for healthy green-based ingredients and regulatory pressure to replace toxic excipients, will focus on bio-derived such as BPG by the year 2024.
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Moreover, Regulatory backing and subsidies for renewable resources are driving the Bio-Based Propylene Glycol market growth. The rising strictness of environmental standards and the market incentive to adopt a bio-based chemical production technique are pressing governments and regulatory bodies worldwide to promote the usage of bio-based chemicals. Together with the development in biotechnology and much better and advanced production techniques, bio-based propylene glycol is competitive from economic, environmental, and social perspectives. With sustainable development on everyone's mind and the growing need for industries to lower their carbon footprint, the demand for BPG is likely to grow exponentially over the next few years. The U.S. Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program made up to USD 250 million in loan guarantees available for the production of renewable chemicals in 2023. Almost 2,500 projects received reimbursement through the US Biomass Crop Assistance Program (BCAP) (50% of the costs) for establishing biomass feedstock crops. In 2023, more than 80% of bio-based chemical producers in the world utilized advanced biotechnologies and thereby contributed to the reduction of production costs by 15%-20%. In Europe, bio-oriented chemicals and sustainable production technologies will receive 35% of the USD 39 billion allocated for new renewable energy projects financed under the Horizon Europe program.
KEY DRIVERS
Rising Demand for Bio-Based Propylene Glycol in Automotive Coolants Driven by Environmental Awareness and Consumer Preferences
The primary market driver of the Bio-Based Propylene Glycol (BPG) market is the rise in bio-based chemicals in the automotive sector, which can be used in antifreeze and coolant formulations. With the growing trend of environmental awareness among consumers and manufacturers, the market for automotive fluids that can offer these eco-friendly solutions has expanded rapidly. Most antifreeze and coolant products are derived from petrochemicals, and traditional antifreeze and coolant have environmental safety concerns, thus leading to the introduction of bio-based reality such as BPG. Because BPG is also biodegradable and non-toxic, it is a perfect replacement in automotive applications where environmental safety is a consideration. Therefore, increasing focus on green chemistry and implementation of sustainable technologies in the automotive industry is anticipated to boost the demand for BPG. To ensure sustainable solutions, 20% of new automotive coolants in the U.S. are bio-based such as BPG so far in 2023. Meanwhile, biodegradability and non-toxicity reduces environmental risk for bio-based propylene glycol which is 100% biodegradable, more than 25% of automotive fluid manufacturers serve bio-based ingredient in the EU countries. BPG-based coolants biodegrade in under 10 days compared to months for petroleum-based alternatives. In addition, 40% of North American consumers choose vehicles in line with environmentally responsible fluids, which shows the demand for eco-friendly automotive solutions.
Growing Demand for Bio-Based Propylene Glycol in Cosmetics and Pharmaceuticals Driven by Consumer Preferences
The Bio-Based Propylene Glycol market also benefits from its increased use for pharmaceutical and cosmetic applications providing another major key driver for its growth. Due to rising consumer awareness of health and the growing demand for natural, organic products, companies are increasingly using bio-based design ingredients. Also, BPG is considered a non-toxic renewable source product and is increasingly used for the production of pharmaceuticals, skincare, and personal care products. It serves as a solvent, humectant, and emulsifier, which is why it is a common ingredient in formulated creams, lotions, and more products for the home care category. BPG demand is growing due to the rising inclination of clean-label products and the transition towards natural constituents in the beauty and health sectors. Bio-based alternatives such as BPG are well-positioned to capture impending market share as regulatory bodies amplify the pressure for more stringent guidelines on chemical use in these sectors. In 2023, the demand for more natural formulations drove the inclusion of bio-based ingredients such as BPG in 30% of personal care products worldwide. The clean-label consumer preference (which includes 45% of consumers) drives the transition of products to bio-based alternatives. 38% of pharmaceutical manufacturers in the U.S. used more non-toxic ingredients like BPG Sustainability regulations from the European Commission in 2023 saw 50% of EU skincare brands adopting bio-based ingredients. Moreover, in North America, the number of new skincare launches in 2023 with a BPG claim for its safety and sustainability totaled 22%.
RESTRAIN
Challenges in Bio-Based Propylene Glycol Market Include Raw Material Availability Scalability and Production Hurdles
Some of the major issues in the BPG market include the availability and scalability of the raw materials. BPG can be produced from renewable resources, like vegetable oils and corn, but these feedstocks are not consistent and are subject to market fluctuations. This will make it difficult for BPG supply to keep up with growing demand as industries shift towards joinery alternatives. Circumvented likewise, BPG generation requires unique innovation and also facilities, which might not be located in all areas, additionally restricting its large uptake. In traditional industries where propylene glycol production methods have been established using petroleum inputs, progress can be slow as established processes can be resistant to change. Making the switch from fossil fuel to bio-based solutions may entail significant manufacturing changes, such as the purchase of new equipment or product reformulation.
BY APPLICATION
Antifreeze & Coolant had the highest market share of 37.6% in 2023 and is projected to grow at the fastest CAGR during the forecast period of 2024 to 2032. This dominance can be attributed to the increasing focus on eco-friendly automotive products. Petrochemical-based traditional antifreeze and coolant products are increasingly being replaced by bio-based alternative products, such as BPG that are considered non-toxic, biodegradable, and safe for the environment. With consumers calling for more sustainable automotive fluids and the industry searching for ways to help their customers meet these sustainability objectives, BPG is becoming the preferred copacker for producers of sustainable automotive fluids. Furthermore, with the electric vehicle (EV) market share booming, bio-based antifreeze and coolant solutions will also find greater adoption shortly. With EVs becoming mainstream and the automotive sector turning sustainable, the demand for sustainable fluids like BPG is projected to increase further. Such changes in consumer habits and industrial benchmarks will fuel the growth of the BPG market in the antifreeze and coolant application segment.
BY END USE
Pharmaceuticals accounted for the largest share of the Bio-Based Propylene Glycol (BPG) market, at 29.6% in 2023, and is also anticipated to register the highest CAGR during the forecast period (2024-2032). This growth is attributed to the increasing need for natural and sustainable ingredients in drug formulations. The safety and non-toxic biodegradable properties of BPG make it an attractive solvent, humectant, and emulsifier for pharmaceutical applications. With the focus on cleanliness in consumerism and healthcare providers alike, the use of bio-based components like BPG is gaining traction. In addition, increasing regulations in the pharmaceutical industry on synthetic chemicals and subsequently forcing manufacturers toward bio-based alternatives. Increasing adoption of clean-label products, in addition to the rising consumer shift toward natural formulations, is expected to propel BPG market demand in the pharmaceutical industry. The growing preference for sustainable and bio-based solutions is likely to remain a key factor for the growth of the BPG market in pharmaceuticals over the forecast period.
In 2023, North America in Bio-Based Propylene Glycol (BPG) market held the largest market share of 34.1%, and continues to lead owing to higher demand for sustainable & environment-friendly products across various end-use industries. Across the region, there are organizations such as Dow Chemical and Cargill, that play an important role in BPG, particularly in the development and production of BPG from renewable sources. The demand for bio-based antifreeze and coolants has been largely driven by the U.S. automotive industry, as it concentrates on producing more greener and sustainable vehicles. Moreover, the rising popularity of safer non-toxic products among consumers is expected to bolster demand for bio-based ingredients such as BPG across the pharmaceutical and personal care industries in North America.
Asia Pacific is predicted to grow at a CAGR highest among all regions from 2024 to 2032. This growth is fueled by rapid industrialization combined with the rising need for sustainable solutions. While nations such as China and India are at the forefront in this stage with the corresponding efforts from companies like SABIC and LG Chem in increasing their bio-consumer chemical range. BPG is already benefitting from the near insatiable demand that the Chinese government is creating for greener technologies, green processes, and cleaner production wherein BPG finds applications such as antifreeze, cosmetics, and pharmaceuticals. Likewise, the ascent of the pharmaceutical business in India and the patterns in awareness of sustainable ingredients in cosmetic production are also expected to spur the demand for bio-based propylene glycol in the region.
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Some of the major players in the Bio-Based Propylene Glycol Market are:
Archer Daniels Midland Company (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
BASF SE (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
The Dow Chemical Company (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
DuPont Tate & Lyle Bio Products Company, LLC (BioPure™ Propylene Glycol, BioPure™ Propylene Glycol USP Grade)
Huntsman International LLC (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
Cargill (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
Oleon (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
Ashland (Propylene Glycol Industrial Grade, Propylene Glycol USP Grade)
SK Chemicals (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
Metafrax (Green Propylene Glycol, Green Propylene Glycol USP Grade)
UPM Biochemicals (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
ADM (Plant-Based Propylene Glycol, Plant-Based Propylene Glycol USP Grade)
Evolution Renewables (Bio-Based Propylene Glycol, Bio-Based Propylene Glycol USP Grade)
Corbion (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
LyondellBasell (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
LG Chem (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
Reliance Industries Limited (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
SABIC (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
ExxonMobil (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
Shell Chemicals (Bio-based Propylene Glycol, Bio-based Propylene Glycol USP Grade)
Some of the Raw Material Suppliers for Bio-Based Propylene Glycol companies:
ADM
BASF SE
The Dow Chemical Company
DuPont Tate & Lyle Bio Products Company, LLC
Huntsman International LLC
Cargill
Oleon
Ashland
SK Chemicals
Metafrax
Oleon-Company Financial Analysis
In May 2024, Dow expanded its propylene glycol capacity by 80,000 tons annually at its Thailand facility to meet rising demand in key industries.
In September 2023, Dow launched lower carbon, bio-based, and circular propylene glycol solutions in Europe, aiming to meet sustainability demands across industries.
In December 2024, Gevo and LG Chem extended their agreement to commercialize bio-propylene using Gevo's Ethanol-to-Olefins technology. This partnership aims to produce sustainable, carbon-neutral propylene for various industries.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 4.58 Billion |
| Market Size by 2032 | USD 6.75 Billion |
| CAGR | CAGR of 4.43% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Solvent, Chemical Intermediates, Unsaturated Polyester Adhesives, Antifreeze & Coolant, Others) • By End Use (Food Processing, Building & Construction, Cosmetics, Automotive, Pharmaceuticals, Transportation, Detergent & Household, Marine, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Henkel AG & Co. KGaA, H.B. Fuller Company, Dow Chemical Company, Exxon Mobil Corporation, Arkema Group, Jowat SE, LyondellBasell Industries, 3M Company, Bostik, Beardow Adams, Sika AG, Avery Dennison, Evans Adhesive Corporation, Ashland Global Holdings Inc., Sika AG, Toyobo Co., Ltd., Huntsman Corporation, Eastman Chemical Company, Sinopec Limited, Adtek Malaysia Sdn Bhd |
| Key Drivers | • Rising Demand for Bio-Based Propylene Glycol in Automotive Coolants Driven by Environmental Awareness and Consumer Preferences • Growing Demand for Bio-Based Propylene Glycol in Cosmetics and Pharmaceuticals Driven by Consumer Preferences |
| RESTRAINTS | • Challenges in Bio-Based Propylene Glycol Market Include Raw Material Availability Scalability and Production Hurdles |
|
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Ans: The Bio-Based Propylene Glycol Market is expected to grow at a CAGR of 4.43% during 2024-2032.Ans: The Bio-Based Propylene Glycol Market is expected to grow at a CAGR of 4.43% during 2024-2032.
Ans: North America dominated the Bio-Based Propylene Glycol Market in 2023.
Ans: The Antifreeze & Coolant segment dominated the Bio-Based Propylene Glycol Market in 2023.
Ans: The major growth factor of the Bio-Based Propylene Glycol market is the increasing demand for sustainable, eco-friendly products across various industries.
Ans: Bio-Based Propylene Glycol Market size was USD 4.58 Billion in 2023 and is expected to Reach USD 6.75 Billion by 2032.
Ans: One key challenge for the Bio-Based Propylene Glycol Market is competition from well-established petrochemical-derived propylene glycol, which may hinder market penetration and adoption.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Bio-Based Propylene Glycol Production Capacity (2023)
5.2 Bio-Based Propylene Glycol Pricing Trends (2023)
5.3 Bio-Based Propylene Glycol Raw Material Supply and Prices
5.4 Bio-Based Propylene Glycol Regulatory Impact
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Bio-Based Propylene Glycol Market Segmentation, By Application
7.1 Chapter Overview
7.2 Solvent
7.2.1 Solvent Market Trends Analysis (2020-2032)
7.2.2 Solvent Market Size Estimates and Forecasts to 2032 (USD BILLION)
7.3 Chemical Intermediates
7.3.1 Chemical Intermediates Market Trends Analysis (2020-2032)
7.3.2 Chemical Intermediates Market Size Estimates and Forecasts to 2032 (USD BILLION)
7.4 Unsaturated Polyester Adhesives
7.4.1 Unsaturated Polyester Adhesives Market Trends Analysis (2020-2032)
7.4.2 Unsaturated Polyester Adhesives Market Size Estimates and Forecasts to 2032 (USD BILLION)
7.5 Antifreeze & Coolant
7.5.1 Antifreeze & Coolant Market Trends Analysis (2020-2032)
7.5.2 Antifreeze & Coolant Market Size Estimates and Forecasts to 2032 (USD BILLION)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD BILLION)
8. Bio-Based Propylene Glycol Market Segmentation, By End Use
8.1 Chapter Overview
8.2 Food Processing
8.2.1 Food Processing Market Trends Analysis (2020-2032)
8.2.2 Food Processing Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.3 Building & Construction
8.3.1 Building & Construction Market Trends Analysis (2020-2032)
8.3.2 Building & Construction Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.4 Cosmetics
8.4.1 Cosmetics Market Trends Analysis (2020-2032)
8.4.2 Cosmetics Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.5 Automotive
8.5.1 Automotive Market Trends Analysis (2020-2032)
8.5.2 Automotive Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.6 Pharmaceuticals
8.6.1 Pharmaceuticals Market Trends Analysis (2020-2032)
8.6.2 Pharmaceuticals Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.7 Transportation
8.7.1 Transportation Market Trends Analysis (2020-2032)
8.7.2 Transportation Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.8 Detergent & Household
8.8.1 Detergent & Household Market Trends Analysis (2020-2032)
8.8.2 Detergent & Household Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.9 Marine
8.9.1 Marine Market Trends Analysis (2020-2032)
8.9.2 Marine Market Size Estimates and Forecasts to 2032 (USD BILLION)
8.10 Others
8.10.1 Others Market Trends Analysis (2020-2032)
8.10.2 Others Market Size Estimates and Forecasts to 2032 (USD BILLION)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.2.3 North America Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.2.4 North America Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.2.5 USA
9.2.5.1 USA Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.2.5.2 USA Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.2.6 Canada
9.2.6.1 Canada Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.2.6.2 Canada Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.2.7 Mexico
9.2.7.1 Mexico Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.2.7.2 Mexico Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.3.1.3 Eastern Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.1.4 Eastern Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.1.5 Poland
9.3.1.5.1 Poland Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.1.5.2 Poland Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.1.6 Romania
9.3.1.6.1 Romania Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.1.6.2 Romania Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.1.7.2 Hungary Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.1.8 turkey
9.3.1.8.1 Turkey Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.1.8.2 Turkey Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.1.9.2 Rest of Eastern Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.3.2.3 Western Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.4 Western Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.5 Germany
9.3.2.5.1 Germany Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.5.2 Germany Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.6 France
9.3.2.6.1 France Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.6.2 France Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.7 UK
9.3.2.7.1 UK Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.7.2 UK Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.8 Italy
9.3.2.8.1 Italy Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.8.2 Italy Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.9 Spain
9.3.2.9.1 Spain Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.9.2 Spain Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.10.2 Netherlands Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.11.2 Switzerland Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.12 Austria
9.3.2.12.1 Austria Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.12.2 Austria Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.3.2.13.2 Rest of Western Europe Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.4.3 Asia Pacific Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.4 Asia Pacific Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.5 China
9.4.5.1 China Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.5.2 China Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.6 India
9.4.5.1 India Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.5.2 India Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.5 japan
9.4.5.1 Japan Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.5.2 Japan Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.6 South Korea
9.4.6.1 South Korea Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.6.2 South Korea Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.7 Vietnam
9.4.7.1 Vietnam Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.2.7.2 Vietnam Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.8 Singapore
9.4.8.1 Singapore Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.8.2 Singapore Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.9 Australia
9.4.9.1 Australia Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.9.2 Australia Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.4.10.2 Rest of Asia Pacific Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.5.1.3 Middle East Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.1.4 Middle East Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.1.5 UAE
9.5.1.5.1 UAE Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.1.5.2 UAE Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.1.6.2 Egypt Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.1.7.2 Saudi Arabia Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.1.8.2 Qatar Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.1.9.2 Rest of Middle East Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.5.2.3 Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.2.4 Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.2.5.2 South Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.2.6.2 Nigeria Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.5.2.7.2 Rest of Africa Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Bio-Based Propylene Glycol Market Estimates and Forecasts, by Country (2020-2032) (USD BILLION)
9.6.3 Latin America Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.6.4 Latin America Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.6.5 brazil
9.6.5.1 Brazil Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.6.5.2 Brazil Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.6.6 Argentina
9.6.6.1 Argentina Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.6.6.2 Argentina Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.6.7 Colombia
9.6.7.1 Colombia Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.6.7.2 Colombia Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Bio-Based Propylene Glycol Market Estimates and Forecasts, By Application (2020-2032) (USD BILLION)
9.6.8.2 Rest of Latin America Bio-Based Propylene Glycol Market Estimates and Forecasts, By End Use (2020-2032) (USD BILLION)
10. Company Profiles
10.1 Archer Daniels Midland Company
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 BASF SE
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 The Dow Chemical Company
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 DuPont Tate & Lyle Bio Products Company, LLC
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Huntsman International LLC
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Cargill
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Oleon
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Ashland
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 SK Chemicals
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Metafrax
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Application
Solvent
Chemical Intermediates
Unsaturated Polyester Adhesives
Antifreeze & Coolant
Others
By End Use
Food Processing
Building & Construction
Cosmetics
Automotive
Pharmaceuticals
Transportation
Detergent & Household
Marine
Others
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
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Rest of Eastern Europe
Western Europe
Germany
France
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Italy
Spain
Netherlands
Switzerland
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Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
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Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
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Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Paraffin Wax Market Size was USD 8.5 Billion in 2023. It is expected to grow to USD 13.3 Billion by 2032 and grow at a CAGR of 5.2% by 2024-2032.
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The Biochar Market size was valued at USD 536.8 Million in 2023 and is expected to reach USD 1764.1 Million by 2032 and grow at a CAGR of 14.1% over the forecast period of 2024-2032.
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