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Bio-based Propylene Glycol Market, Global Outlook and Forecast 2023-2032

The global Bio-based Propylene Glycol market was valued at US$ 3942.9 million in 2022 and is projected to reach US$ 4788.2 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Propylene glycol (PG) is a clear, colorless liquid with the consistency of syrup. It is practically odorless and tasteless. It is hygroscopic (attracts water), has low toxicity and outstanding stability, as well as high flash and boiling points, low vapor pressure and broad solvency. In addition, propylene glycol is an excellent solvent for many organic compounds and is completely water-soluble.



Propylene glycol is used by the chemical, food, and pharmaceutical industries as antifreeze when leakage might lead to contact with food. The Food and Drug Administration (FDA) has classified propylene glycol as an additive that is “generally recognized as safe” for use in food. It is used to absorb extra water and maintain moisture in certain medicines, cosmetics, or food products. It is a solvent for food colors and flavors, and in the paint and plastics industries. Propylene glycol is also used to create artificial smoke or fog used in fire-fighting training and in theatrical productions.

This report aims to provide a comprehensive presentation of the global market for Bio-based Propylene Glycol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bio-based Propylene Glycol. This report contains market size and forecasts of Bio-based Propylene Glycol in global, including the following market information:


  • Global Bio-based Propylene Glycol Market Revenue, 2018-2023, 2024-2032, ($ millions)

  • Global Bio-based Propylene Glycol Market Sales, 2018-2023, 2024-2032, (K MT)


Global top five Bio-based Propylene Glycol companies in 2022 (%)

The major players in global Propylene Glycol (PG) market include Dow, Lyondell Basell Industries, etc. The top 2 players occupy about 40% shares of the global market. North America and Europe are main markets, they occupy about 66% of the global market. I

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Bio-based Propylene Glycol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Bio-based Propylene Glycol Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Bio-based Propylene Glycol Market Segment Percentages, by Type, 2022 (%)


  • Unsaturated Polyster Resins

  • Functional Fluids and Antifreeze Products

  • Pharmaceutical

  • Cosmetics and Food

  • Detergents and Household Products

  • Others

Global Bio-based Propylene Glycol Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Bio-based Propylene Glycol Market Segment Percentages, by Application, 2022 (%)


  • Cosmetics

  • Building & Construction

  • Automotive

  • Pharmaceutical

  • Detergent & Household

  • Others

Global Bio-based Propylene Glycol Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Bio-based Propylene Glycol Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis


  • The report also provides analysis of leading market participants including:

  • Key companies Bio-based Propylene Glycol revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Bio-based Propylene Glycol revenues share in global market, 2022 (%)

  • Key companies Bio-based Propylene Glycol sales in global market, 2018-2023 (Estimated), (K MT)

  • Key companies Bio-based Propylene Glycol sales share in global market, 2022 (%)

Key players include:


  • Ashland

  • BASF

  • Cargill

  • Archer-Daniels-Midland (ADM)

  • Oleon


Outline of Major Chapters:

Chapter 1: Introduces the definition of Bio-based Propylene Glycol, market overview.

Chapter 2: Global Bio-based Propylene Glycol market size in revenue and volume.

Chapter 3: Detailed analysis of Bio-based Propylene Glycol manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Bio-based Propylene Glycol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Bio-based Propylene Glycol capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports 1.1 Bio-based Propylene Glycol Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Bio-based Propylene Glycol Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Bio-based Propylene Glycol Overall Market Size 2.1 Global Bio-based Propylene Glycol Market Size: 2022 VS 2032 2.2 Global Bio-based Propylene Glycol Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Bio-based Propylene Glycol Sales: 2018-2032 3 Company Landscape 3.1 Top Bio-based Propylene Glycol Players in Global Market 3.2 Top Global Bio-based Propylene Glycol Companies Ranked by Revenue 3.3 Global Bio-based Propylene Glycol Revenue by Companies 3.4 Global Bio-based Propylene Glycol Sales by Companies 3.5 Global Bio-based Propylene Glycol Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Bio-based Propylene Glycol Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Bio-based Propylene Glycol Product Type 3.8 Tier 1, Tier 2 and Tier 3 Bio-based Propylene Glycol Players in Global Market 3.8.1 List of Global Tier 1 Bio-based Propylene Glycol Companies 3.8.2 List of Global Tier 2 and Tier 3 Bio-based

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