The global biobased propylene glycol market is experiencing steady growth, with sales projected to rise at a CAGR of 4.8% from 2025 to 2035. The industry is expected to be valued at USD 4,978.6 million in 2025 and is anticipated to reach USD 7,956.5 million by 2035. This growth is driven by increasing demand for sustainable and eco-friendly chemical alternatives across various industries, including pharmaceuticals, cosmetics, food, and automotive. The shift towards biobased products, coupled with stringent environmental regulations and rising consumer awareness, is fueling market expansion.
Biobased propylene glycol, derived from renewable sources such as corn, soybeans, and glycerin, is emerging as a viable alternative to petroleum-based propylene glycol. Its widespread applications span across industries including pharmaceuticals, cosmetics, automotive, food & beverages, and construction. As global regulations tighten on carbon emissions and environmental sustainability gains traction, the shift toward biobased alternatives is accelerating.
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Key Market Drivers
- Growing Demand for Eco-friendly Solutions
With increasing concerns over climate change and environmental degradation, industries are transitioning toward biobased chemicals to reduce carbon footprints. Governments worldwide are implementing stringent regulations on the use of fossil fuel-derived products, further propelling the market growth. - Expanding Application Base
Biobased propylene glycol is widely used in cosmetics, personal care products, pharmaceuticals, de-icing fluids, food additives, and antifreeze solutions. Its biodegradable nature and lower toxicity compared to synthetic alternatives make it a preferred choice in these applications. - Supportive Government Policies and Incentives
Several governments have introduced subsidies and tax incentives to promote the production and consumption of biobased chemicals. The U.S. Department of Agriculture (USDA) and the European Union (EU) have implemented policies supporting biobased industries, boosting market adoption. - Technological Innovations in Biobased Chemical Production
Advancements in fermentation technology and catalytic processes have improved the efficiency and cost-effectiveness of biobased propylene glycol production. Research and development efforts are focused on enhancing yield and reducing reliance on non-renewable resources.
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Key Players of the Industry
- Cargill, Incorporated
- Dow Inc.
- BASF SE
- ADM (Archer Daniels Midland)
- LyondellBasell Industries
- Huntsman Corporation
- Repsol S.A.
- SK Global Chemical
- P&G Chemicals
- GLOBAL BioChem Technology Group
Regional Insights
- North America: Leading the market due to strong government initiatives and consumer awareness regarding sustainable products. The presence of major biobased chemical manufacturers further strengthens the region’s market position.
- Europe: The European market is expanding rapidly, supported by strict EU sustainability regulations and growing investments in the bioeconomy.
- Asia-Pacific: The region is witnessing high growth, driven by rising industrialization, increasing demand for green chemicals, and supportive government policies in countries like China, India, and Japan.
- Latin America & Middle East: Emerging markets in these regions are showing promising growth due to increasing awareness of sustainability and the rising adoption of biobased products in industrial applications.
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Key Segments of the Industry
By Source:
In terms of Sources, the industry is divided into Corn-Based, Sugarcane-Based, Soy-Based, and Others.
By Application:
In terms of Application, the industry is divided into Unsaturated Polyester Resins (UPR), Personal Care and Cosmetics, Pharmaceuticals, Food and Beverage, Automotive and Industrial Coolants, Adhesives and Sealants, Deicing Fluids, and Others.
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