Biobased Propylene Glycol Market Forecast: Sustained Growth to Reach $6.87 Billion by 2034

Biobased Propylene Glycol Market Introduction 2024-2033
Biobased Propylene Glycol Market Growth reveals a consistent and slow development trajectory, with an estimated valuation of USD 5.1 billion by 2024. With a steady Compound Annual Growth Rate (CAGR) of 4.65% from 2024 to 2033, the market is expected to reach a value of USD 6.87 billion by that time.

What is Biobased Propylene Glycol?
Propylene glycol is a versatile compound widely used in various industries, including cosmetics, pharmaceuticals, food, and automotive. Unlike conventional PG, which is derived from petroleum, biobased PG is produced from renewable feedstocks such as:

Glycerin: A byproduct of biodiesel production.

Corn or sugarcane-derived glucose: A renewable carbohydrate source.

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