Malaysia Plant-based Propylene Glycol Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024–2030.
Malaysia's plant-based propylene glycol market is experiencing a notable shift as industries increasingly prioritize sustainable and eco-friendly alternatives. The market is projected to reach approximately USD 675 million by 2025, growing at a CAGR of 5.3%. This growth is largely driven by the rising demand across various sectors, including cosmetics, pharmaceuticals, and food processing.
Types of Plant-Based Propylene Glycol:
Soybean-Based: Dominates the market with a 45% share, favored for its renewable nature and compatibility with various applications.
Corn-Based: Holds a 40% market share and is the fastest-growing segment due to advancements in bio-refining technologies.
Others: Includes sources like glycerin, contributing to the remaining 15% of the market.
Industrial Requirements:
Food Processing: Accounts for 38% of the market share, utilizing plant-based propylene glycol as a humectant and preservative.
Construction: Represents 30% of the market, employing it in applications like antifreeze and coolants.
Cosmetics: Comprises 25% of the market, with a growing preference for eco-friendly ingredients in personal care products.
Others: Encompasses 7% of the market, including uses in pharmaceuticals and industrial applications.
Industries are increasingly adopting plant-based propylene glycol due to its biodegradable and non-toxic properties, aligning with global sustainability goals. However, challenges such as higher production costs and limited raw material availability persist. Despite these hurdles, technological advancements and regulatory support are expected to bolster market growth, particularly in the Asia Pacific region, which is emerging as the fastest-growing market segment.
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Archer Daniels Midland Company
CORPUS
BASF SE
Huntsman International LLC.
Oleon
Dow
Ashland
Lyle Bio Products
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Plant-based Propylene Glycol Market
Food Grade Propylene Glycol
Pharmaceutical Grade Propylene Glycol
Industrial Grade Propylene Glycol
Cosmetic Grade Propylene Glycol
Food and Beverage Industry
Pharmaceuticals
Cosmetics and Personal Care
Industrial Applications
Animal Feed
Food Industry
Healthcare
Cosmetics and Personal Care
Chemical Manufacturing
Agriculture
Liquid Formulations
Solid Formulations
Emulsifiable Formulations
Synthetic Propylene Glycol
Plant-based Propylene Glycol
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Plant-based Propylene Glycol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Plant-based Propylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Plant-based Propylene Glycol Market, By Type
6. Malaysia Plant-based Propylene Glycol Market, By Application
7. Malaysia Plant-based Propylene Glycol Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Plant-based Propylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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