South Korea Biobased Propylene Glycol Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 9.4% from 2024 to 2030.
The South Korea Biobased Propylene Glycol Market is expanding rapidly as industries turn to more sustainable and environmentally friendly alternatives. Biobased propylene glycol (PG) is derived from renewable plant-based resources, contrasting with its petroleum-based counterpart. As the global shift towards sustainability intensifies, South Korea is witnessing an increasing demand for this eco-friendly chemical in several key industries, including food, pharmaceuticals, cosmetics, and automotive.
The growing need for biobased propylene glycol can be attributed to the rising awareness of environmental concerns and the benefits of using renewable resources. South Korean manufacturers are incorporating biobased PG in their production processes due to its lower carbon footprint and reduced environmental impact. The South Korea Biobased Propylene Glycol Market is expected to continue its upward trajectory as more industries seek greener alternatives.
In the food industry, biobased propylene glycol serves as an essential ingredient in food processing and preservation, used in items like ice cream, salad dressings, and baked goods. It acts as a humectant, ensuring moisture retention and preventing spoilage. Similarly, in the pharmaceutical sector, biobased PG is utilized as a solvent in oral and topical medications, while also enhancing the stability of active ingredients.
The cosmetics and personal care industry is another major consumer of biobased propylene glycol in South Korea. It is commonly found in skincare products, shampoos, and lotions due to its ability to retain moisture, making it a valuable addition to a wide range of beauty formulations. Moreover, as the automotive sector increasingly focuses on sustainable practices, biobased PG is being incorporated into antifreeze and de-icing solutions.
The demand from these diverse sectors has created a vibrant and growing market for biobased propylene glycol. Manufacturers are constantly innovating to meet the specific needs of these industries, ensuring product quality and sustainability. As South Korea moves towards a greener economy, the biobased propylene glycol market will play a pivotal role in supporting this transition while offering high-quality solutions to industries across the board.
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Ashland
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Oleon
Houghton Chemical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Biobased Propylene Glycol Market
Vegetable-based Propylene Glycol
Sugar-based Propylene Glycol
Microbial-based Propylene Glycol
Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Industrial Applications
Agricultural Chemicals
Humectants
Solvents
Emulsifiers
Preservatives
Food Industry
Cosmetics Industry
Pharmaceutical Industry
Petrochemical Industry
Textile Industry
Fermentation
Pemex Process
Hydrolysis
Other Emerging Technologies
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Biobased 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. South Korea Biobased Propylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Biobased Propylene Glycol Market, By Type
6. South Korea Biobased Propylene Glycol Market, By Application
7. South Korea Biobased Propylene Glycol Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Biobased Propylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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