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The global Propylene Glycol Market size was USD 4.32 Billion in 2022 and is expected to reach USD 6.65 Billion in 2032, and register a revenue CAGR of 4% during the forecast period. Rising demand for bio-based products across a variety of industries, including Cosmetics, pharmaceuticals, and food & beverage, is the major factor driving market revenue growth. A common Humectant, solvent, and preservative in many end-use industries is propylene glycol, an odorless and colorless liquid.
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Major Companies:
The global bio based propylene glycol market is expected to grow significantly in the coming years, driven by increasing demand for eco-friendly and sustainable products across various industries such as food and beverages, pharmaceuticals, and cosmetics. The market is fairly consolidated, with a few large players dominating the market revenue. Some major companies included in the global bio based propylene glycol market report are:
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Propylene Glycol Market Segmentation:
By Source Type Outlook:
By Application Outlook:
Key Regional Markets Covered in the Report:
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