Propylene Glycol Market Size, Outlook, Competitive Landscape and Segment Forecasts 2023-2032

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Rising demand for environment-friendly and sustainable products is one of the major factors driving revenue growth of the Propylene Glycol market. 

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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