Global Plant-Based Propylene Glycol Market 2024-2030

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    PLANT-BASED PROPYLENE GLYCOL MARKET

     

    INTRODUCTION

     Propylene glycol is a colourless, odourless liquid that can be made from either plant-based, petroleum-based, or natural gas sources.

     

    Propylene glycol made from renewable, low-carbon sources, such as corn and sugarcane, is known as bio-based propylene glycol. In comparison to propylene glycol obtained from the petrochemical industry, it also offers a 61% reduction in greenhouse gas emissions.

     

    Petrochemicals, more notably propylene oxide, were used to make propylene glycol. Vegetable oils are used to create a plant-based equivalent that was invented via green chemistry.

     

    Glycerin and hydrogen react under extreme heat and pressure in a procedure known as hydrogenolysis to create propylene glycol that is completely biodegradable.

     

    These two types of propylene glycol are chemically equivalent and perform the same function in a final product, yet they are composed of totally different materials. The closest comparison is probably climbing a mountain. Similar to how propylene glycol is made, several paths can be taken to reach the same summit.

     

    PLANT-BASED PROPYLENE GLYCOL MARKET SIZE AND FORECAST

     

    infographic: Plant-Based Propylene Glycol Market, Plant-Based Propylene Glycol Market Size, Plant-Based Propylene Glycol Market Trends, Plant-Based Propylene Glycol Market Forecast, Plant-Based Propylene Glycol Market Risks, Plant-Based Propylene Glycol Market Report, Plant-Based Propylene Glycol Market Share

     

    The Global Plant-Based Propylene Glycol market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    PLANT-BASED PROPYLENE GLYCOL MARKET RECENT DEVELOPMENT

    Kicking the Oil Habit: Making Propylene Glycol from Plants. The chemical known as propylene glycol is included in a variety of common consumer goods, including liquid detergents, medicines, and plastics.  The drawback is that petroleum, a nonrenewable resource, is often used to make propylene glycol.  

     

    The first-ever catalytic method to generate this beneficial compound from plant-based basic materials was created by Pacific Northwest National Laboratory (PNNL).  Industry now has a substitute for producing propylene glycol that is cost-competitive, ecologically benign, and economically viable.

     

    The facility is currently producing propylene glycol exclusively from renewable sources, which reduces greenhouse gas emissions by 61 percent when compared to fuels generated from oil. 

      

    Initial funding for foundational research came from Laboratory-Directed Research and Development internal sources.  Two separate cost-sharing cooperative research and development agreements (CRADAs) came after that.

     

    PLANT-BASED PROPYLENE GLYCOL MARKET COMPANY PROFILES

    • BASF SE
    • DOW
    • LyondellBasell Industries Holdings B.V
    • ADM
    • Huntsman International LLC
    • Global Bio-Chem Technology Group Company Limited
    • Dupont
    • Tate & Lyle

     

    THIS PLANT-BASED PROPYLENE GLYCOL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Plant-Based Propylene Glycol are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Plant-Based Propylene Glycol and key vendor selection criteria
    3. Where is the Plant-Based Propylene Glycol manufactured? What is the average margin per unit?
    4. Market share of Global Plant-Based Propylene Glycol market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Plant-Based Propylene Glycol in-house
    6. key predictions for next 5 years in Global Plant-Based Propylene Glycol market
    7. Average B-2-B Plant-Based Propylene Glycol market price in all segments
    8. Latest trends in Plant-Based Propylene Glycol market, by every market segment
    9. The market size (both volume and value) of the Plant-Based Propylene Glycol market in 2024-2030 and every year in between?
    10. Production breakup of Plant-Based Propylene Glycol market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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