세계의 바이오 프로필렌 글리콜 시장 : 용도·최종사용자 산업, 지역별(-2032년)

Global Bio-Based Propylene Glycol Market Research Report Information by Application (Solvent, Chemical Intermediates, Unsaturated Polyester Resin, and Antifreeze & Coolant, Others), By End-Use Industry (Transportation, Food & Beverages, Building & Construction, Pharmaceuticals, Cosmetics & Personal Care, and Others), By Region Forecast to 2032

Overview of the Market

In 2023, the bio-based propylene glycol market was estimated to be worth USD 939.4 million. According to projections, the Bio-Based Propylene Glycol Market is expected to increase at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2032, from USD 993.8 million to USD 1,970.7 million.

An environmentally responsible and sustainable substitute for conventional propylene glycol, which is frequently made from petroleum, is bio-based propylene glycol. Distilled glycerin and hydrogen undergo a catalytic process to form this vegetable-based propylene glycol. Using vegetable oils in a transesterification reaction to produce glycerin, the process starts with the creation of biodiesel. The bio-based propylene glycol is then made from this glycerin after it has been distilled to a 99.7% purity level.

The food and beverage industry's increasing demand is the main factor propelling the global market for bio-based propylene glycol (BioPG). The global food additives market, which includes BioPG, was estimated to be worth USD 38.2 billion in 2022 and is expected to rise at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2032, reaching USD 62.37 billion by that time, according to MRFR analysis. As people grow more aware of the components in their food and choose products free of artificial chemicals and preservatives, the demand for natural and organic products is rising, which is driving this increase. In a variety of culinary products, such as baked goods, drinks, and confections, BioPG is utilized as a humectant, emulsifier, and food additive. Demand for BioPG has increased as a result of consumers choosing more natural and organic products. As a natural and biodegradable substitute for conventional propylene glycol, bioPG is a desirable choice for food producers that want to meet the rising demand for organic and natural products.

Perspectives on Market Segments

The market for bio-based propylene glycol has been divided into several segments according to its intended use, including solvent, chemical intermediates, unsaturated polyester resin, and antifreeze and coolant.

The Bio-Based Propylene Glycol Market is divided into building & construction, transportation, food & drinks, pharmaceuticals, cosmetics & personal care, and other end-use industries.

Regional Perspectives

North America, Europe, Asia-Pacific, the Middle East & Africa, and South America make up the regions that make up the Bio-Based Propylene Glycol Market. With a 42.98% market revenue share in 2023, the Asia Pacific area is predicted to rise at a compound annual growth rate (CAGR) of 8.98% from 2024 to 2032. The rising demand for sustainable and environmentally friendly products is fueling the expansion of the bio-based propylene glycol market in Asia Pacific. Propylene glycol is a multipurpose chemical that finds use in medications, personal care items, and industrial operations.

The steady supply chain to produce bio-based propylene glycol is made possible by the steady production of soybean oil in China and India, which promotes the expansion and development of the market.

Key Players

Ayas Renewables Inc., Pacific Fluids LLC, Orlen, BASF SE, DOW, The Archer-Daniels-Midland Company, Oleon NV, Global Bio-chem Technology Group Company Limited, CORECHEM Inc., and UPM Biochemicals are some of the top companies in the biopropylene market.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

• 2.1 DEFINITION
• 2.2 SCOPE OF THE STUDY
• 2.3 RESEARCH OBJECTIVE
• 2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

• 3.1 OVERVIEW
• 3.2 DATA FLOW
  • 3.2.1 DATA MINING PROCESS
• 3.3 PURCHASED DATABASE:
• 3.4 SECONDARY SOURCES:
  • 3.4.1 SECONDARY RESEARCH DATA FLOW:
• 3.5 PRIMARY RESEARCH:
  • 3.5.1 PRIMARY RESEARCH DATA FLOW:
  • 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
  • 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
• 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
  • 3.6.1 CONSUMPTION & NET TRADE APPROACH
  • 3.6.2 REVENUE ANALYSIS APPROACH
• 3.7 DATA FORECASTING
  • 3.7.1 DATA FORECASTING TECHNIQUE
• 3.8 DATA MODELING
  • 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
  • 3.8.2 DATA MODELING:
• 3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

• 4.1 INTRODUCTION
• 4.2 DRIVERS
  • 4.2.1 GROWING DEMAND FROM THE FOOD AND BEVERAGE INDUSTRY
  • 4.2.2 GROWING DEMAND FOR SUSTAINABLE PRODUCTS
• 4.3 RESTRAINTS
  • 4.3.1 LIMITED AVAILABILITY AND FLUCTUATIONS IN RAW MATERIAL PRICES
• 4.4 OPPORTUNITY
  • 4.4.1 INCREASING USE IN PHARMACEUTICALS
• 4.5 IMPACT ANALYSIS OF COVID-19
  • 4.5.1 IMPACT ON OVERALL CHEMICALS & MATERIALS INDUSTRY
    • 4.5.1.1 ECONOMIC IMPACT
  • 4.5.2 IMPACT ON BIOBASED PROPYLENE GLYCOL MARKET
  • 4.5.3 IMPACT ON SUPPLY CHAIN OF BIOBASED PROPYLENE GLYCOL MARKET
  • 4.5.4 IMPACT ON MARKET DEMAND OF BIOBASED PROPYLENE GLYCOL MARKET

5 MARKET FACTOR ANALYSIS

• 5.1 SUPPLY CHAIN ANALYSIS
  • 5.1.1 PARTICIPANTS
    • 5.1.1.1 RESEARCH & DEVELOPMENT
    • 5.1.1.2 RAW MATERIALS SUPPLY
    • 5.1.1.3 MANUFACTURING
    • 5.1.1.4 SALES & DISTRIBUTION
    • 5.1.1.5 END-USER
• 5.2 PORTER'S FIVE FORCES MODEL
  • 5.2.1 BARGAINING POWER OF SUPPLIERS
  • 5.2.2 BARGAINING POWER OF BUYERS
  • 5.2.3 THREAT OF NEW ENTRANTS
  • 5.2.4 THREAT OF SUBSTITUTES
  • 5.2.5 INTENSITY OF RIVALRY
• 5.3 PRICING OVERVIEW, 2018-2032, (USD/TON)

6 GLOBAL BIO-BASED PROPYLENE GLYCOL MARKET, BY APPLICATION

• 6.1 INTRODUCTION
• 6.2 SOLVENT
• 6.3 CHEMICAL INTERMEDIATE
• 6.4 UNSATURATED POLYESTER RESINS
• 6.5 ANTIFREEZE AND COOLANT
• 6.6 OTHERS

7 GLOBAL BIO-BASED PROPYLENE GLYCOL MARKET, BY END-USE INDUSTRY

• 7.1 INTRODUCTION
• 7.2 TRANSPORTATION
• 7.3 FOOD & BEVERAGES
• 7.4 BUILDING & CONSTRUCTION
• 7.5 PHARMACEUTICALS
• 7.6 COSMETICS & PERSONAL CARE
• 7.7 OTHERS

8 GLOBAL BIO-BASED PROPYLENE GLYCOL MARKET, BY REGION

• 8.1 OVERVIEW
• 8.2 NORTH AMERICA
  • 8.2.1 US
  • 8.2.2 CANADA
  • 8.2.3 MEXICO
• 8.3 EUROPE
  • 8.3.1 GERMANY
  • 8.3.2 FRANCE
  • 8.3.3 UK
  • 8.3.4 ITALY
  • 8.3.5 REST OF EUROPE
• 8.4 ASIA-PACIFIC
  • 8.4.1 CHINA
  • 8.4.2 INDIA
  • 8.4.3 JAPAN
  • 8.4.4 AUSTRALIA
  • 8.4.5 REST OF ASIA PACIFIC
• 8.5 MIDDLE EAST & AFRICA
  • 8.5.1 SAUDI ARABIA
  • 8.5.2 UAE
  • 8.5.3 SOUTH AFRICA
  • 8.5.4 REST OF MIDDLE EAST & AFRICA
• 8.6 SOUTH AMERICA
  • 8.6.1 BRAZIL
  • 8.6.2 ARGENTINA
  • 8.6.3 REST OF SOUTH AMERICA

9 COMPETITIVE LANDSCAPE

• 9.1 INTRODUCTION
• 9.2 MAJOR GROWTH STRATEGIES IN THE GLOBAL BIOBASED PROPYLENE GLYCOL MARKET
• 9.3 MARKET SHARE ANALYSIS, 2023
• 9.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
  • 9.4.1 COLLABORATION
  • 9.4.2 EXPANSION
  • 9.4.3 PRODUCT LAUNCH
• 9.5 COMPETITIVE BENCHMARKING

10 COMPANY PROFILES

• 10.1 AYAS RENEWABLES INC
  • 10.1.1 COMPANY OVERVIEW
  • 10.1.2 FINANCIAL OVERVIEW
  • 10.1.3 PRODUCTS OFFERED
  • 10.1.4 KEY DEVELOPMENTS
  • 10.1.5 SWOT ANALYSIS
  • 10.1.6 KEY STRATEGY
• 10.2 PACIFIC FLUIDS LLC
  • 10.2.1 COMPANY OVERVIEW
  • 10.2.2 FINANCIAL OVERVIEW
  • 10.2.3 PRODUCTS OFFERED
  • 10.2.4 KEY DEVELOPMENTS
  • 10.2.5 SWOT ANALYSIS
  • 10.2.6 KEY STRATEGY
• 10.3 ORLEN
  • 10.3.1 COMPANY OVERVIEW
  • 10.3.2 FINANCIAL OVERVIEW
  • 10.3.3 PRODUCTS OFFERED
  • 10.3.4 KEY DEVELOPMENTS
  • 10.3.5 SWOT ANALYSIS
  • 10.3.6 KEY STRATEGY
• 10.4 BASF SE
  • 10.4.1 COMPANY OVERVIEW
  • 10.4.2 FINANCIAL OVERVIEW
  • 10.4.3 PRODUCTS OFFERED
  • 10.4.4 KEY DEVELOPMENTS
  • 10.4.5 SWOT ANALYSIS
  • 10.4.6 KEY STRATEGY
• 10.5 DOW
  • 10.5.1 COMPANY OVERVIEW
  • 10.5.2 FINANCIAL OVERVIEW
  • 10.5.3 PRODUCTS OFFERED
  • 10.5.4 KEY DEVELOPMENTS
  • 10.5.5 SWOT ANALYSIS
  • 10.5.6 KEY STRATEGY
• 10.6 ADM
  • 10.6.1 COMPANY OVERVIEW
  • 10.6.2 FINANCIAL OVERVIEW
  • 10.6.3 PRODUCTS OFFERED
  • 10.6.4 KEY DEVELOPMENTS
  • 10.6.5 SWOT ANALYSIS
  • 10.6.6 KEY STRATEGY
• 10.7 OLEON NV
  • 10.7.1 COMPANY OVERVIEW
  • 10.7.2 FINANCIAL OVERVIEW

THE FINANCIAL INFORMATION OF THIS COMPANY IS NOT AVAILABLE IN THE PUBLIC DOMAIN.

• 10.7.3 PRODUCTS OFFERED
• 10.7.4 KEY DEVELOPMENTS
• 10.7.5 SWOT ANALYSIS
• 10.7.6 KEY STRATEGY
• 10.8 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED
  • 10.8.1 COMPANY OVERVIEW
  • 10.8.2 FINANCIAL OVERVIEW
  • 10.8.3 PRODUCTS OFFERED
  • 10.8.4 KEY DEVELOPMENTS
  • 10.8.5 SWOT ANALYSIS
  • 10.8.6 KEY STRATEGY
• 10.9 CORECHEM INC.
  • 10.9.1 COMPANY OVERVIEW
  • 10.9.2 FINANCIAL OVERVIEW
  • 10.9.3 PRODUCTS OFFERED
  • 10.9.4 KEY DEVELOPMENTS
  • 10.9.5 SWOT ANALYSIS
  • 10.9.6 KEY STRATEGY
• 10.10 UPM BIOCHEMICALS
  • 10.10.1 COMPANY OVERVIEW
  • 10.10.2 FINANCIAL OVERVIEW
  • 10.10.3 PRODUCTS OFFERED
  • 10.10.4 KEY DEVELOPMENTS
  • 10.10.5 SWOT ANALYSIS
  • 10.10.6 KEY STRATEGY
• 10.11 DATA CITATIONS