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Top Factor Driving Bio-Based Propylene Glycol Market Growth in 2025: Renewable Energy Investment Boosts Growth Of Bio-Based Propylene Glycol Market
Bio-Based Propylene Glycol
The upward trend in renewable energy investment is projected to fuel the expansion of the bio-based propylene glycol market. Capital directed towards renewable energy refers to money put into sustainable energy sources like wind, solar, hydro, and biomass. Increased funding in these areas points to a worldwide transition towards sustainable and eco-friendly power generation. Such investments have boosted bio-based propylene glycol production by paving the way for the creation of sustainable processes that utilize bio-based raw materials. For instance, in May 2023, the International Energy Agency, an intergovernmental organization based in France, reported that global clean energy investment rose from $1,617 billion in 2022 to $1,740 billion in 2023. This indicates a subtle reallocation of finances towards sustainable energy solutions. Consequently, the bio-based propylene glycol market's growth is being spurred by this surge in renewable energy investment.
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How will the growth rate of the bio-based propylene glycol market shape industry trends by 2034?
Recent years have seen a consistent growth in the size of the bio-based propylene glycol market. A rise from $4.53 billion in 2024 to $4.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.5% is predicted. This growth throughout the historic period can be linked to several factors including heightened environmental consciousness, an increase in investments within the bio-based industry, a surge in crude oil prices, a heightened emphasis on the reduction of carbon footprints, and a general expansion in the global economy.
In the ensuing years, the bio-based propylene glycol market is anticipated to witness consistent expansion. The market size is projected to reach $5.58 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.2%. This predicted growth in the market can be credited to factors like heightened awareness and demand for eco-friendly and sustainable components, an increase in disposable income among consumers, its widespread application in the general and automotive industry, and a rise in the demand for green infrastructure. Key trends influencing this growth trajectory include technological progress, enhanced bio-refineries, an escalating focus on sustainable products, an increase in the demand for renewable goods, and advancements in the cosmetics sector.
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What trends are poised to drive the future success of the bio-based propylene glycol market?
Leading businesses in the bio-based propylene glycol market are prioritizing the creation of propylene glycol REN, which incorporates ecolibrium bio-circular technology, in an effort to boost sustainability and lessen their carbon footprint. Propylene Glycol REN with Ecolibrium bio-circular technology entails a sustainable version of propylene glycol that is manufactured using renewable, bio-based feedstocks in a process that is gentle on the environment. For example, Dow Inc., an American materials science corporation, introduced two new sustainable types of propylene glycol (PG) solutions, bio-circular and circular feedstocks, to the North American market in March 2024. These cutting-edge solutions are designed to decrease the environmental implications of the company's operations and products by making the most of renewable resources and minimizing waste. Bio-circular feedstocks are set to replace conventional fossil-based feedstocks, which champions a more sustainable and eco-friendly method of production.
Which primary segments of the bio-based propylene glycol market are driving growth and industry transformations?
The bio-based propylene glycol market covered in this report is segmented -
1) By Type: Bio-Based 1, 2- Propylene Glycol, Bio-Based 1,3- Propylene Glycol
2) By Application: Solvent, Chemical Intermediates, Unsaturated Polyester Adhesives, Antifreeze And Coolant, Other Applications
3) By End-User Industry: Food Processing, Building And Construction, Cosmetics, Automotive, Pharmaceuticals, Transportation, Detergent And Household, Marine, Other End-User Industries
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Which geographical regions are pioneering growth in the bio-based propylene glycol market?
Asia-Pacific was the largest region in the bio-based propylene glycol market in 2023. The regions covered in the bio-based propylene glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the bio-based propylene glycol market landscape?
Major companies operating in the bio-based propylene glycol market are Shell Chemicals, Cargill Incorporated, Archer Daniels Midland Company, Repsol SA, ORLEN Poludnie SA, BASF SE, Dow Inc, LyondellBasell Industries N.V., Braskem SA, Huntsman Corporation, Clariant AG, Ashland Global Holdings Inc, Tate & Lyle Bio PLC, Global Bio-chem Technology Group Company Limited, Oleon NV, Houghton Chemical Corporation, Ayas Renewables Inc, Rennovia Inc., Vertec Biosolvents Inc., NexantECA
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What Is Covered In The Bio-Based Propylene Glycol Global Market Report?
•Market Size Forecast: Examine the bio-based propylene glycol market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the bio-based propylene glycol market for a structured understanding.
•Key Players Overview: Analyze major players in the bio-based propylene glycol market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bio-based propylene glycol market.
•Segment Contributions: Evaluate how different segments drive overall growth in the bio-based propylene glycol market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bio-based propylene glycol market.
•Industry Challenges: Identify potential risks and obstacles affecting the bio-based propylene glycol market.
•Competitive Landscape: Review strategic developments in the bio-based propylene glycol market, including expansions, agreements, and new product launches.
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