The global Propylene Glycol Market size was USD 4.32 Billion in 2022 and is expected to reach USD 6.65 Billion in 2032, and register a revenue CAGR of 4% during the forecast period. Rising demand for bio-based products across a variety of industries, including Cosmetics, pharmaceuticals, and food beverage, is the major factor driving market revenue growth. A common Humectant, solvent, and preservative in many end-use industries is propylene glycol, an odorless and colorless liquid.

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Major Companies:

The global bio based propylene glycol market is expected to grow significantly in the coming years, driven by increasing demand for eco-friendly and sustainable products across various industries such as food and beverages, pharmaceuticals, and cosmetics. The market is fairly consolidated, with a few large players dominating the market revenue. Some major companies included in the global bio based propylene glycol market report are:

• Dupont Tate Lyle Bio Products Company, LLC.
• Ashland Inc.
• Archer Daniels Midland Company
• The Dow Chemical Company
• Global Bio-Chem Technology Group Company Limited
• Oleon NV
• LyondellBasell Industries N.V.
• BASF SE
• SKC Co. Ltd.
• Oleon NV

Key questions addressed in the report:

• What is the expected market size of the global Propylene Glycol market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Propylene Glycol market?

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Propylene Glycol Market Segmentation:

By Source Type Outlook: 

• Renewable
• Non-Renewable

By Application Outlook: 

• Food and Beverage
• Cosmetics
• Pharmaceutical
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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