The global bio-based propylene glycol market is witnessing remarkable growth, driven by sustainability trends and rising demand from pharmaceutical, food, and industrial sectors. Valued at USD 289.25 million in 2024, the market grew to USD 321.8 million in 2025 and is projected to reach approximately USD 837.57 million by 2034, expanding at a CAGR of 11.25% (2025–2034).
This article explores the market size, regional dynamics, leading companies, and answers key FAQs for a comprehensive overview.
Market Overview: Bio-based Propylene Glycol in Focus
The shift towards renewable raw materials and eco-friendly processes is fueling the adoption of bio-based propylene glycol (bio-PG). Its wide application as a pharmaceutical excipient, food additive, and industrial solvent strengthens its market position globally. Emerging technologies like 3D printing and the integration of AI/ML in R&D are accelerating demand.
Regional Insights: Where Growth is Happening
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North America: Accounted for 35% of revenue in 2024, thanks to strong pharmaceutical and food industries.
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Asia-Pacific: Expected to be the fastest-growing region, driven by industrial expansion and environmental initiatives.
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Europe: Emphasizes green chemistry, supporting bio-PG adoption in various sectors.
Leading Bio-based Propylene Glycol Companies and Their Market Role
1. Archer Daniels Midland Company (ADM)
About: ADM is a global leader in agricultural origination and processing.
Products: Their bio-based chemicals portfolio includes sustainable propylene glycol derived from glycerin.
Market Cap: Approx. USD 45 billion.
2. BASF SE
About: A German multinational and one of the largest chemical producers globally.
Products: BASF focuses on high-performance, bio-based solutions, including propylene glycol for cosmetics and pharma.
Market Cap: Approx. USD 45–50 billion.
3. The Dow Chemical Company
About: A U.S. giant in chemicals, materials, and specialty products.
Products: Dow manufactures bio-based glycols serving the automotive, pharmaceutical, and food sectors.
Market Cap: Approx. USD 38 billion.
4. Global Bio-Chem Technology Group Co., Ltd.
About: A Hong Kong-based bio-chemical enterprise.
Products: Specializes in bio-chemicals like propylene glycol derived from renewable resources.
Market Cap: Approx. USD 1 billion.
5. LyondellBasell Industries N.V.
About: A Dutch-domiciled multinational chemical company.
Products: Offers bio-PG for industrial and consumer applications.
Market Cap: Approx. USD 35 billion.
6. DuPont Tate & Lyle Bio Products Company, LLC
About: A joint venture between DuPont and Tate & Lyle.
Products: Produces Susterra® propanediol, a bio-based alternative to propylene glycol.
Market Cap: (Parent DuPont) Approx. USD 36 billion.
7. Oleon NV (part of Avril Group)
About: European leader in oleochemistry.
Products: Manufactures bio-based glycols for food and pharma.
Market Cap: (Parent Avril) Private.
8. Cargill, Incorporated
About: A U.S. multinational with a diverse portfolio in food and bio-industrial products.
Products: Supplies bio-PG derived from plant-based feedstocks.
Market Cap: Private, estimated annual revenue $177 billion.
9. Manali Petrochemicals Ltd.
About: An Indian petrochemical company and a key player in glycols.
Products: Offers sustainable alternatives in propylene glycol production.
Market Cap: Approx. USD 350 million.
10. Repsol S.A.
About: Spanish energy and petrochemical giant.
Products: Focuses on bio-based derivatives, including propylene glycol.
Market Cap: Approx. USD 21 billion.
Market Segmentation Highlights
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By Source:
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Glycerin segment dominates with a 48% market share in 2024.
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By Application:
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Strong demand from pharmaceutical, food & beverage, and industrial sectors.
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FAQs on Bio-based Propylene Glycol Market
1. What is bio-based propylene glycol used for?
It is widely used in pharmaceutical excipients, food additives, cosmetics, and industrial lubricants due to its eco-friendly profile.
2. Which region dominates the bio-based propylene glycol market?
North America led in 2024 with a 35% share, while Asia-Pacific is expected to show the fastest growth.
3. Who are the top companies in this market?
Key players include ADM, BASF SE, Dow Chemical, Cargill, and DuPont Tate & Lyle Bio Products.
4. What is driving the market growth?
Sustainability trends, increased drug discovery research, and 3D printing applications are major growth drivers.
5. What is the projected market size by 2034?
The market is expected to reach around USD 837.57 million by 2034.
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Source : https://www.towardshealthcare.com/insights/bio-based-propylene-glycol-market-sizing
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