In Delaware, Future Market Insights reported that the global biobased propylene glycol market is experiencing steady growth, driven by increasing demand for sustainable and eco-friendly chemicals across various industries.
With a projected CAGR of 4.8% from 2025 to 2035, the market is expected to expand significantly, reaching a valuation of $7.9 billion by 2035, up from $4.5 billion in 2023.
“This growth is fueled by rising regulatory support for bio-based products, increasing adoption in pharmaceuticals, personal care, and automotive applications, and a growing consumer preference for environmentally friendly alternatives to petroleum-based glycols,” the report stated.
“The biobased propylene glycol market is set for robust growth, propelled by the global shift towards sustainability. With regulatory backing, technological advancements, and increasing consumer awareness, the market is well-positioned for long-term expansion. Companies that invest in innovation and strategic collaborations will gain a competitive edge in this rapidly evolving landscape.” said Nikhil Kaitwade, Associate Vice President at Future Market Insights.
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Tags: biobased propylene glycol
Category: Fuels
