Report ID: SQMIG15A2171
Report ID:
SQMIG15A2171 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|
Tables:
36 |
Figures:
74
Bio-based Propylene Glycol Market size was valued at USD 4.59 Billion in 2023 and is poised to grow from USD 4.79 Billion in 2024 to USD 6.69 Billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).
The Global Bio-based Propylene Glycol market is experiencing significant growth and gaining traction due to the increasing demand for sustainable and eco-friendly alternatives to traditional propylene glycol.
The market is driven by factors such as stringent environmental regulations, growing consumer awareness about the harmful effects of petroleum-based products, and the rising preference for bio-based ingredients in various industries.
Bio-based propylene glycol offers several advantages, including reduced carbon footprint, biodegradability, and lower toxicity, making it a preferred choice in applications such as cosmetics, pharmaceuticals, food and beverages, and personal care products.
The market is witnessing innovation and product development to meet the evolving needs of end-users, driving further growth and expansion opportunities in the global bio-based propylene glycol market.
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Report ID: SQMIG15A2171