Press release
Bio-Based Propylene Glycol Market Growth to be Driven by Emerging Trends | $5.38 Billion by 2029
Bio-Based Propylene Glycol
What is the Projected Market Size of the Bio-Based Propylene Glycol Industry?
The monetary value of the bio-based propylene glycol market has seen a consistent rise over the years. It is projected to expand from a valuation of $4.53 billion in 2024 to an estimated worth of $4.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.0%. This steady growth in the past timeframe has been precipitated by factors such as enhanced consciousness towards the environment, a surge in investments in bio-based industrial ventures, rising crude oil prices, growing emphasis on diminishing carbon footprint, and overall expansion of the global economy.
What Will Be the Size of the Bio-Based Propylene Glycol Market by 2029?
In the upcoming years, the market size of bio-based propylene glycol is predicted to experience consistent expansion, eventually reaching $5.38 billion in 2029 with a compound annual growth rate (CAGR) of 3.6%. This growth within the forecast period can be ascribed to the rising awareness about sustainable and environmentally-friendly ingredients, an increase in disposable income, and its expanded use in both automotive and general industries. The growth in green building requirements also plays a part, along with the escalating demand to cut down fuel emissions. Significant trends expected to shape the forecast duration encompass advancements in technology, optimized bio-refineries, an intensified emphasis on eco-friendly products, mounting demand for renewable goods, and progressive development in cosmetics.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/bio-based-propylene-glycol-global-market-report
What Are the Key Drivers Accelerating Growth in the Bio-Based Propylene Glycol Market?
The escalation of funds towards renewable energy is anticipated to boost the progress of the bio-based propylene glycol market in the future. This refers to the monetary commitment to green energy sources such as wind, solar, hydro, and biomass. An increase in such investment underlines a worldwide movement towards ecological and environment-friendly power production. This commitment to renewable energy has enriched the production of bio-based propylene glycol by facilitating the creation of processes that use bio-based raw materials. For example, as reported in May 2023 by the International Energy Agency, an intergovernmental organization based in France, there was a rise in global clean energy investment from $1,617 billion in 2022 to $1,740 billion in 2023, showing a slight change in financial investment towards green energy solutions. Therefore, this escalating investment in renewable energy is fueling the growth of the bio-based propylene glycol market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15992&type=smp
How Is the Bio-Based Propylene Glycol Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Bio-Based Propylene Glycol Market?
Leading companies in the bio-based propylene glycol market are concentrating on the creation of propylene glycol REN utilizing ecolibrium bio-circular technology, as a way to increase sustainability and lessen carbon emissions. The method involves the production of a more sustainable form of propylene glycol using eco-friendly bio-based feedstocks. As an example, Dow Inc., a materials science corporation based in the US, introduced two new eco-friendly versions of propylene glycol (PG) solutions - bio-circular and circular feedstocks - in North America in March 2024. These ground-breaking solutions are designed to diminish the environmental footprint of the firm's operations and products by harnessing renewable resources and reducing waste. The latter type of feedstocks is conceived as substitutes to traditional, non-renewable, fossil-based feedstocks, endorsing a more sustainable and less harmful manufacturing approach.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=15992&type=smp
Who Are the Leading Companies Driving Growth in the Bio-Based Propylene Glycol Market?
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
Which Is the Leading Region in the Global Bio-Based Propylene Glycol Market?
Asia-Pacific was the largest region in the bio-based propylene glycol market in 2024. 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.
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bio-Based Propylene Glycol Market Growth to be Driven by Emerging Trends | $5.38 Billion by 2029 here
News-ID: 4162053 • Views: …
More Releases from The Business Research Company
Carbohydrases Market Size Forecast: $6.26 Billion by 2029 | Global Outlook
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Carbohydrases Market by 2025?
In recent times, the carbohydrases market has witnessed substantial growth. The market size, which stood at $4.22 billion in 2024, is expected to touch $4.56 billion in 2025, representing a compound annual growth rate (CAGR) of 8.0%. Factors…
Aircraft Paint Industry Growth Outlook: 4.8% CAGR and $5.38 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Aircraft Paint Market Size 2025?
Over the past few years, the aircraft paint market size has seen a consistent increase. The market value is projected to rise from $4.27 billion in 2024 to $4.46 billion in 2025, with a Compound Annual Growth Rate (CAGR)…
Global Self Healing Coatings Market Expansion at 21.1% CAGR, Valued at $8.13 Bil …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Self Healing Coatings Market Size Forecast for 2025?
In recent years, the market size of self-healing coatings has witnessed tremendous growth. The forecast suggests an increase from $3.04 billion in 2024 to $3.78 billion in 2025, boasting an impressive compound annual growth rate (CAGR) of 24.3%. Several…
Phosgene Market on Path to Hit $6.25 Billion by 2029 at 5.2% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Phosgene Market Outlook: What Size And CAGR Are Anticipated By 2025?
The size of the phosgene market has experienced substantial growth recently. It is anticipated to expand from $4.84 billion in 2024 to $5.1 billion in 2025, increasing at a compound annual growth rate (CAGR) of 5.5%. The rise experienced…
More Releases for Bio
Human Plasma Products Market 2023: Industry Future Trends | Takeda, CSL, Grifols …
The Human Plasma Products market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with…
Gene Therapy Products Market | Advantagene, Avalanche Bio, Bluebird Bio, Cellado …
The global gene therapy products market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the gene therapy products market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Bio-based Polymethyl Methacrylate (Bio-PMMA) Market 2023 | Detailed Report
The Bio-based Polymethyl Methacrylate (Bio-PMMA) report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The Bio-based Polymethyl Methacrylate (Bio-PMMA) research report…
Bio Pharma Buffer Market – A comprehensive study by Key Players: Bio-Rad, Lonz …
Latest Market intelligence report released by HTF MI with title "COVID-19 Outbreak-Global Bio Pharma Buffer Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020" is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Bio Pharma Buffer Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary…
IVIG Market Anticipated a Noteworthy CAGR during 2019-2024 & Companies Included …
A report added to the rich database of Qurate Business Intelligence, titled “World IVIG Market by Product Type, Players and Regions - Forecast to 2024”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
Green & Bio-based Solvents Market Analysis, Demand, & Opportunities till 2023 | …
A latest research report titled as “Green & Bio-based Solvents Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the…
