Here is a 200-word summary of the biobased propylene glycol market:
The global biobased propylene glycol market is expected to grow at a CAGR of 4.8% from 2025 to 2035, driven by increasing demand for sustainable and eco-friendly chemical alternatives across various industries. The market is projected to reach $7,956.5 million by 2035. Biobased propylene glycol, derived from renewable sources such as corn, soybeans, and glycerin, is emerging as a viable alternative to petroleum-based propylene glycol. The shift towards biobased products, coupled with stringent environmental regulations and rising consumer awareness, is fueling market expansion. Key drivers of the market include growing demand for eco-friendly solutions, expanding applications, and supportive government policies and incentives. Leading players in the market include Cargill, Dow, BASF, and more. The market is segmented by source and application, with key categories including unsaturated polyester resins, personal care and cosmetics, pharmaceuticals, food and beverage, and automotive and industrial coolants. Future Market Insights provides insights into the market, including key drivers, restraints, and opportunities.