Europe Biobased Propylene Glycol Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 9.6% from 2024 to 2030.
The Biobased Propylene Glycol Market in Europe is seeing a rapid surge in demand due to increasing awareness of environmental sustainability and the growing demand for green chemicals. Propylene glycol (PG), traditionally derived from petroleum, is now being produced from renewable sources, making biobased propylene glycol an attractive alternative. This shift is not just a trend but a response to industries looking to reduce their carbon footprint and embrace eco-friendly alternatives. As Europe strives to meet its green energy and environmental goals, the role of biobased propylene glycol is becoming more critical.
The demand for biobased propylene glycol across various industries is rapidly growing, as it plays a significant role in sectors such as food, pharmaceuticals, cosmetics, and automotive. The use of biobased PG is particularly evident in the food and beverage industry, where it is used as a humectant, stabilizer, and solvent. It helps in keeping food products moist and preserving their texture. In the pharmaceutical industry, biobased propylene glycol is utilized as an excipient in medicinal formulations, including in oral and injectable drugs. Cosmetics companies also favor this sustainable alternative as it acts as a moisturizer and solvent in skincare and personal care products.
One of the main drivers of the Biobased Propylene Glycol Market is the increasing regulatory pressure to reduce the environmental impact of chemical production. Governments and organizations in Europe are promoting the use of renewable resources to reduce dependency on fossil fuels and minimize the overall carbon footprint. This, in turn, boosts the production of biobased propylene glycol, as companies aim to meet these stringent sustainability requirements.
Additionally, industries like automotive and textiles are incorporating biobased PG in the manufacturing of antifreeze, coolants, and de-icing products. The versatility of biobased propylene glycol in such applications is making it an essential component for various sectors aiming to implement greener, more sustainable practices. It is expected that the Biobased Propylene Glycol Market will continue to expand, fueled by increased industrial adoption and the transition towards more sustainable practices across Europe.
The rising demand for this green alternative also offers a significant market opportunity for manufacturers. As consumers and industries alike demand products made from renewable sources, biobased propylene glycol is set to become a cornerstone of Europe’s chemical industry. In the coming years, the market is expected to see enhanced production capabilities, improved technology, and a wider array of applications, reinforcing its role in the sustainable industrial landscape.
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ADM
Ashland
BASF
Cargill
Oleon
Houghton Chemical
Orison
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 Europe 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
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe 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. Europe Biobased Propylene Glycol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Biobased Propylene Glycol Market, By Type
6. Europe Biobased Propylene Glycol Market, By Application
7. Europe Biobased Propylene Glycol Market, By Geography
Europe
Germany
UK
France
8. Europe Biobased Propylene Glycol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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