Update date: Jul 08, 2026 | 292 Pages | Report ID: SFC-005213
Bio-Based PGN Market
DMA IntelligenceBio-Based PGN Market Intelligence Report 2026 — Updated June 2026
Segments: Product Type (Industrial Grade, Food Grade, Pharmaceutical Grade), Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Industrial, Others), Source (Plant-Based, Microbial-Based, Others), Distribution Channel (Direct Sales, Distributors/Wholesalers, Online Retail, Others), By Region, And Segment Forecasts
$1655.0M
Market Size, 2025
$1795.7M
Market Estimate, 2026
$3178.6M
Market Forecast, 2033
8.5%
CAGR, 2026–2033
Bio-Based PGN Market Size, Share & Key Insights
The Bio-Based PGN Market size was valued at USD 1655.00 Million in 2025, and the market is projected to grow from USD 1795.67 Million in 2026 to USD 3178.60 Million by 2033, growing at a CAGR of 8.5% during the forecast period 2026–2033. The market saw distributed global demand in 2025.
Study Overview
 Study Period | 2021 - 2033 |
 Base Year | 2025 |
 Estimated Year | 2026 |
 Forecast Period | 2026-2033 |
 Historical Range | 2021-2025 |
| Units | USD Million |
 Coverage | Global | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
 Deliverables | PDF + Excel Data Pack |
Major Market Players
Key Insights
- The Bio-Based PGN market is projected to expand significantly, reaching USD 3145.27 Million by 2033 from USD 1655.00 Million in 2025, demonstrating an impressive CAGR of 8.50% due to rising demand for sustainable chemicals.
- Asia Pacific is poised to be the fastest-growing regional market, with a CAGR of 9.5%, driven by rapid industrial growth, increasing environmental awareness, and government initiatives supporting green chemistry in countries like China and India.
- Bio-Based Propylene Glycol holds the largest share within the product type segment, accounting for 45% of the market in 2025, underpinned by its broad utility and eco-friendly attributes in diverse applications, from personal care to industrial solvents.
Market Definition and Strategic Context
The Bio-Based PGN Market refers to the global industry involved in the production and distribution of bio-based propylene glycol and glycerin, derived from renewable sources such as vegetable oils, corn, and other biomass. These sustainable chemicals serve as greener alternatives to petroleum-derived counterparts across a multitude of applications. The market is driven by increasing consumer demand for eco-friendly products, stringent environmental regulations, and a growing focus on reducing carbon footprints across various industries. Bio-based PGN finds extensive use in sectors like personal care and cosmetics, food and beverages, pharmaceuticals, and industrial applications such as antifreeze and solvents. The versatility and environmental benefits of these bio-based chemicals are propelling their adoption, positioning them as key components in the transition towards a more sustainable bioeconomy. The market's expansion is further supported by advancements in biotechnology and chemical processing, which enhance the efficiency and cost-effectiveness of producing these renewable ingredients. Current projections indicate a robust growth outlook, with the Bio-Based PGN market size valued at USD 1655.00 Million in 2025, reflecting significant industry expansion. This market is poised for substantial growth, with market forecast suggesting continued upward trajectory driven by innovation and sustainability mandates. The increasing investment in R&D for novel bio-based chemical pathways and the expansion of production capacities by key players are crucial factors contributing to the market's positive momentum. The shift away from fossil-fuel dependence and towards a circular economy model reinforces the strategic importance of the Bio-Based PGN market, making it a critical area of focus for sustainable industrial development.
| Report Attribute | Details |
|---|---|
| Market size value in 2025 | USD 1,655.00 Million |
| Revenue forecast in 2033 | USD 3,178.60 Million |
| Growth rate | CAGR of 8.5% from 2025 to 2033 |
| Actual data | 2021 - 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD Million and CAGR from 2025 to 2033 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Product Type, Application, Source, Distribution Channel |
| Regional scope | North America; Europe; APAC; Latin America; MEA |
| Country scope | All; All; All; All; All |
| Key companies profiled | Cargill, Incorporated; Archer Daniels Midland Company; DuPont Tate & Lyle Bio Products Company, LLC; BASF SE; The Dow Chemical Company; LyondellBasell Industries N.V.; Huntsman Corporation; INEOS Oxide; Manali Petrochemicals Limited; Shell Chemicals LP; SKC Co., Ltd.; Sumitomo Chemical Co., Ltd.; Repsol S.A.; Global Bio-chem Technology Group Company Limited; Zhejiang Xinhua Chemical Co., Ltd.; Tokyo Chemical Industry Co., Ltd.; Sasol Limited; Shandong Shida Shenghua Chemical Group Co., Ltd.; Qingdao Shida Chemical Co., Ltd.; ADM (Archer Daniels Midland) |
| Customization scope | Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Growth Catalysts & Market Constraints
The Bio-Based PGN market is experiencing dynamic shifts, propelled by a confluence of environmental consciousness, regulatory pressures, and technological advancements. The market is increasingly characterized by a strategic pivot towards sustainable chemical production, influencing both demand and supply dynamics. This evolution is central to the Bio-Based PGN market size expansion and its promising growth forecast. Key drivers include the escalating consumer preference for green products and the automotive industry's push for eco-friendly antifreeze solutions, while challenges such as feedstock availability and price volatility continue to shape the competitive landscape. Understanding these intertwined forces is crucial for stakeholders to navigate the complexities and capitalize on emerging opportunities within this rapidly evolving industry.
Growth Drivers
- Increasing consumer demand for sustainable and natural ingredients across personal care, cosmetics, and food & beverage sectors is a primary driver. This shift is compelling manufacturers to replace petroleum-derived chemicals with bio-based alternatives like PGN, aligning with eco-conscious brand images and consumer preferences for healthier, environmentally friendly products, thereby boosting the Bio-Based PGN market.
- Stringent environmental regulations and government initiatives promoting green chemistry and bioeconomy principles significantly fuel market growth. Policies aimed at reducing carbon emissions and waste generation encourage industries to adopt bio-based materials, creating a favorable regulatory landscape for Bio-Based PGN producers and users, thus accelerating industry expansion.
Restraints
- High production costs associated with bio-based feedstocks and complex purification processes pose a significant restraint on market growth. The economic viability of bio-based PGN can be challenged by the fluctuating prices of agricultural commodities and the capital-intensive nature of setting up advanced biorefineries, potentially limiting widespread adoption, especially in price-sensitive applications.
- Competition from established petroleum-derived PGN, which benefits from economies of scale and mature supply chains, acts as a market restraint. Despite environmental advantages, the lower cost and consistent supply of conventional PGN can deter some industries from fully transitioning to bio-based alternatives, impacting market penetration and growth rates for Bio-Based PGN.
Opportunities
- Growing demand for bio-based industrial solvents and antifreeze solutions presents a significant opportunity. As industries seek to reduce their environmental impact, the adoption of bio-based PGN in automotive, construction, and chemical manufacturing offers a substantial growth avenue, particularly in regions with strong industrial bases and environmental mandates.
- Technological advancements in fermentation processes and enzyme engineering are creating opportunities for more efficient and cost-effective production of bio-based PGN. Innovations that reduce processing time, increase yields, and utilize diverse, non-food-based feedstocks can significantly enhance the market's competitiveness and expand its addressable applications.
Challenges
- Ensuring a consistent and sustainable supply of high-quality bio-based feedstock without impacting food security or land use remains a critical challenge. The reliance on agricultural resources for bio-based PGN production necessitates robust supply chain management and sustainable sourcing practices to mitigate risks associated with crop failures, price volatility, and ethical concerns.
- Achieving cost parity with conventional petroleum-derived PGN is a persistent challenge for manufacturers. While process improvements are ongoing, the initial investment required for bio-based production facilities and the inherent complexities of biorefining often result in higher production costs, hindering broader market acceptance, especially for commodity applications.
Market Level Breakdown
The Bio-Based PGN market is segmented by Product Type into Bio-Based Propylene Glycol, Bio-Based Glycerin, and Other Bio-Based PGN. Bio-Based Propylene Glycol currently dominates this segment, primarily due to its versatility and widespread use as a solvent, humectant, and intermediate in various industries. Its adoption is accelerating as industries seek sustainable alternatives with comparable performance to conventional propylene glycol. Bio-Based Glycerin also holds a significant share, driven by its applications in food, pharmaceuticals, and personal care as a humectant and sweetener. The 'Other Bio-Based PGN' category encompasses emerging bio-based polyols and derivatives, reflecting the ongoing innovation in green chemistry to expand the range of sustainable chemical offerings.
Based on Application, the Bio-Based PGN market is categorized into Personal Care & Cosmetics, Food & Beverages, Pharmaceuticals, Industrial (Antifreeze, Solvents), and Others. The Personal Care & Cosmetics segment represents a substantial portion of the market, fueled by strong consumer demand for natural and clean label products. Bio-based PGNs are favored for their non-toxic, moisturizing, and solvent properties in formulations. The Food & Beverages sector also contributes significantly, utilizing bio-based glycerin as a humectant, solvent, and sweetener. The Industrial segment, including antifreeze and solvents, is a rapidly growing area as industries prioritize eco-friendly solutions for their operational needs, showcasing the diverse utility and market taxonomy of Bio-Based PGN.
In terms of Source, the Bio-Based PGN market is segmented into Vegetable Oil, Corn, and Other Biomass. Vegetable oil-derived PGNs, particularly from sources like rapeseed, soy, and palm, hold the largest share due to their abundant availability and established conversion technologies. Corn-based PGN also plays a crucial role, especially in regions with strong corn production and advanced biorefining capabilities. The 'Other Biomass' category includes various non-food feedstocks, such as cellulosic biomass and algae, which are gaining traction as research and development efforts focus on diversifying feedstock options to enhance sustainability and reduce competition with food resources, thereby influencing the Bio-Based PGN segmentation.
Bio-Based PGN Segmentation Breakdown
- Product Type
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Industrial
- Others
- Source
- Plant-Based
- Microbial-Based
- Others
- Distribution Channel
- Direct Sales
- Distributors/Wholesalers
- Online Retail
- Others
Geographic Performance & Regional Trends
North America currently stands as the largest market for Bio-Based PGN, primarily driven by robust industrial growth, early adoption of sustainable practices, and supportive regulatory frameworks. The region benefits from significant investments in research and development, coupled with a high consumer awareness regarding eco-friendly products. Conversely, Asia Pacific is projected to be the fastest-growing market, experiencing a CAGR of 9.5%. This rapid Bio-Based PGN market growth is attributed to increasing industrialization, rising disposable incomes, and a growing emphasis on environmental protection in countries like China and India, which are actively promoting bio-based chemical production and consumption. These regional dynamics highlight the evolving landscape of global demand for sustainable solutions.
Regional Growth Drivers
- North America: The region's robust chemical industry and high consumer awareness for sustainable products drive the adoption of Bio-Based PGN. Strong government support for bio-based manufacturing and significant R&D investments in the United States and Canada further accelerate market expansion, particularly in personal care and industrial applications.
- Europe: Strict environmental regulations and the European Union's ambitious bioeconomy strategies are key drivers. Countries like Germany, the United Kingdom, and France are leading the way in sustainable chemical production and consumption, fostering innovation and investment in bio-based PGN technologies and applications across various sectors.
- Asia Pacific: Rapid industrialization, increasing environmental concerns, and a burgeoning middle class contribute to the region's high growth. Government support for green initiatives in China, Japan, and India, coupled with expanding manufacturing capabilities, positions Asia Pacific as a critical hub for Bio-Based PGN market growth and adoption.
- Latin America: Growing awareness of environmental issues and expanding industrial sectors, particularly in Brazil and Mexico, are stimulating demand for sustainable chemicals. Investments in renewable resources and local production capabilities are gradually enhancing the region's contribution to the global Bio-Based PGN market.
- Middle East & Africa: Emerging industrial diversification efforts and increasing focus on sustainable development are driving initial adoption. While smaller, countries like Saudi Arabia and South Africa are exploring bio-based solutions to reduce reliance on fossil fuels and meet growing domestic demand for eco-friendly products.
The regional forecast for Bio-Based PGN indicates a clear divergence between mature and emerging markets. While North America and Europe, with their established regulatory frameworks and high consumer awareness, will continue to drive innovation and premium segment growth, Asia Pacific is set to lead in terms of volume and market expansion. Latin America and MEA, though starting from a smaller base, offer significant untapped potential as their industrial sectors mature and environmental consciousness rises. Strategic implications for suppliers include tailoring product offerings and distribution channels to cater to diverse regional needs, from high-performance applications in developed markets to cost-effective solutions in developing economies, ensuring sustained market growth and competitive advantage.
Competitive Insights & Leading Companies
The Bio-Based PGN competitive landscape is characterized by a moderately consolidated structure, featuring a mix of large multinational chemical companies and specialized bio-based chemical producers. Key players leverage their extensive R&D capabilities, global distribution networks, and strong brand presence to maintain market leadership. Competition revolves around product innovation, cost-effectiveness, and the ability to meet stringent regulatory approvals and certifications for various applications. Companies are increasingly focusing on developing sustainable sourcing strategies and efficient production processes to gain a competitive edge. The market also sees participation from regional players who cater to specific local demands and niche applications. The interplay between established chemical giants and agile bio-specialty firms creates a dynamic environment where technological superiority and strategic partnerships are crucial for market penetration and expansion in the Bio-Based PGN market.
Strategic initiatives within the Bio-Based PGN market frequently involve mergers and acquisitions, collaborations, and new product launches aimed at expanding application scope and geographic reach. Leading companies are investing heavily in R&D to enhance production efficiency, explore novel feedstocks, and develop customized solutions for diverse end-user industries. Differentiation often stems from proprietary production technologies, the purity and performance of bio-based PGN products, and the robustness of their sustainable supply chains. However, the industry faces challenges such as margin pressure due to the fluctuating costs of biomass feedstocks and the need for significant capital investment in advanced biorefineries. Furthermore, ensuring consistent product quality and meeting evolving regulatory standards across different regions remain critical for sustained competitive advantage, shaping the Bio-Based PGN competitive landscape.
Bio-Based PGN Key Companies
- Cargill, Incorporated
- Archer Daniels Midland Company
- DuPont Tate & Lyle Bio Products Company, LLC
- BASF SE
- The Dow Chemical Company
- LyondellBasell Industries N.V.
- Huntsman Corporation
- INEOS Oxide
- Manali Petrochemicals Limited
- Shell Chemicals LP
- SKC Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- Repsol S.A.
- Global Bio-chem Technology Group Company Limited
- Zhejiang Xinhua Chemical Co., Ltd.
- Tokyo Chemical Industry Co., Ltd.
- Sasol Limited
- Shandong Shida Shenghua Chemical Group Co., Ltd.
- Qingdao Shida Chemical Co., Ltd.
- ADM (Archer Daniels Midland)
Bio-Based PGN Market Ecosystem
Ecosystem Participants
- Feedstock Suppliers — Provide renewable raw materials such as vegetable oils (e.g., rapeseed, soy, palm), corn, and other biomass. They are critical for the upstream supply chain, influencing the cost and sustainability profile of Bio-Based PGN production by ensuring a steady and ethically sourced supply of agricultural and organic waste streams.
- These suppliers must adhere to sustainable agricultural practices and often collaborate with producers to develop consistent quality and volume. Their operational responsibilities include cultivation, harvesting, and initial processing of biomass, facing risks related to crop yields, climate change, and land-use policies.
- Bio-Based PGN Manufacturers — Convert feedstocks into purified bio-based propylene glycol and glycerin using advanced biochemical processes like fermentation or catalytic conversion. These companies are at the core of the value chain, focusing on process optimization, product quality, and compliance with industry standards and regulations.
- Their role involves significant R&D investment in new technologies, facility management, and scaling up production. They manage complex chemical engineering processes and face challenges in achieving cost-competitiveness with petroleum-derived alternatives while maintaining high purity standards for diverse applications.
- Distributors and Suppliers — Act as intermediaries, connecting manufacturers with a wide range of end-use industries. They manage logistics, warehousing, and often provide technical support and customized solutions to clients. Their efficiency is vital for market reach and timely delivery of products.
- These participants ensure seamless product flow, manage inventory, and provide market intelligence to manufacturers. They navigate complex supply chain networks and address challenges such as transportation costs, regulatory compliance for chemical handling, and maintaining product integrity during transit.
- End-Use Industries — Include sectors like personal care & cosmetics, food & beverages, pharmaceuticals, and industrial applications (e.g., antifreeze, solvents). These industries integrate Bio-Based PGN into their product formulations, driven by consumer demand for sustainable products and corporate sustainability goals.
- Their role involves product formulation, testing, and marketing of finished goods. They seek high-performance, cost-effective bio-based ingredients that meet specific application requirements and consumer expectations, while managing risks related to raw material availability and regulatory acceptance of new formulations.
- Research & Development Institutions — Universities, private research labs, and government-funded centers focusing on improving production processes, discovering new feedstocks, and expanding application areas for Bio-Based PGN. They drive innovation and contribute to the long-term sustainability and growth of the market.
- These institutions generate intellectual property, develop pilot-scale projects, and contribute to scientific advancements in biochemistry and green chemistry. Their collaboration with industry partners is crucial for translating laboratory breakthroughs into commercially viable products and processes.
- Regulatory Bodies & Associations — Government agencies and industry associations that establish standards, provide certifications, and regulate the production, use, and labeling of bio-based chemicals. They ensure product safety, environmental compliance, and promote fair trade practices within the sector.
- Their activities include developing environmental policies, setting emission limits, and facilitating industry dialogue. They play a crucial role in shaping market dynamics by influencing consumer confidence and guiding manufacturers towards sustainable and responsible operational practices.
Report Coverage & Key Deliverables
The report delivers a comprehensive analysis of the Bio-Based PGN, combining quantitative data with qualitative insights to provide a holistic view of the market. This includes a detailed examination of market size, growth trends, and future projections, offering critical intelligence for strategic decision-making. Stakeholders can leverage this report to understand the competitive landscape, identify key growth drivers and restraints, and pinpoint emerging opportunities across various segments and geographies. The in-depth analysis of market dynamics, segmentation, and regional performance equips businesses with actionable insights to formulate effective market entry strategies, product development plans, and investment decisions. With a focus on accuracy and relevance, the report serves as an invaluable resource for manufacturers, suppliers, investors, and policymakers seeking to navigate the complexities and capitalize on the significant potential within the global Bio-Based PGN market.
Report Coverage
- Market Size Estimates (historical and forecast)
- Provides precise market value and volume data from 2021 to 2033, including historical trends and robust future projections. Our methodology incorporates rigorous data validation, econometric modeling, and expert interviews to ensure the highest level of accuracy for strategic planning and investment assessment.
- Detailed Segmentation And Revenue Analysis
- Offers a granular breakdown of the market by product type, application, and source, alongside comprehensive revenue analysis for each segment. This allows for a clear understanding of market composition, growth catalysts, and revenue streams, enabling targeted marketing and product development initiatives.
- Regional And Country-Level Insights
- Analyzes market performance across key regions such as North America, Europe, Asia Pacific, Latin America, and MEA, with a deep dive into prominent countries. This section highlights regional growth drivers, regulatory landscapes, and market maturity, providing a comparative perspective for global expansion strategies and localized market approaches.
- Competitive Benchmarking Of Key Players
- Profiles leading companies in the Bio-Based PGN market, assessing their strategic initiatives, product portfolios, and market positioning. This includes an analysis of mergers, acquisitions, partnerships, and technological innovations, offering insights into the competitive dynamics and potential for industry consolidation.
- Customization Options Based on Specific Requirements
- Clients can request tailored modifications to the report scope, including additional country-level data, specific segment breakdowns, or deeper competitive analysis. Our flexible customization options ensure that the report perfectly aligns with unique business intelligence needs, maximizing its utility and strategic value.
Recent Industry Insights
The Bio-Based PGN industry has witnessed several notable developments over the past 12-18 months, reflecting a sustained drive towards sustainability and innovation. Key players are increasingly forming strategic partnerships to expand their feedstock sourcing and production capabilities, ensuring a robust supply chain for the growing demand. Product launches have focused on enhancing performance characteristics and broadening application areas, particularly in high-growth segments like personal care and industrial solvents. Regulatory changes, especially in Europe and North America, continue to favor bio-based alternatives, providing a conducive environment for market growth. These Bio-Based PGN industry trends underscore a collective effort to reduce environmental impact and foster a more circular economy, with significant investments in R&D paving the way for future advancements and market expansion.
Key Market Developments
- March 2024: Cargill, Incorporated announced a strategic partnership with a leading cosmetics manufacturer to supply bio-based glycerin for new product lines, expanding its footprint in the personal care segment.
- February 2024: DuPont Tate & Lyle Bio Products Company, LLC inaugurated a new production facility in Europe to increase the output of bio-based propylene glycol, catering to the rising demand for sustainable industrial solvents.
- January 2024: BASF SE launched an innovative bio-based PGN derivative specifically designed for high-performance antifreeze applications, targeting the automotive and construction sectors.
- December 2023: Archer Daniels Midland Company expanded its sustainable sourcing initiatives for corn-derived bio-based PGN, strengthening its supply chain and commitment to renewable resources.
- November 2023: A consortium of European chemical companies, including The Dow Chemical Company, received significant funding for R&D into novel bio-based PGN production technologies, aiming to reduce carbon footprint.
Analyst Opinion
The Bio-Based PGN market presents an attractive investment landscape, primarily driven by the global imperative for sustainability and the increasing shift towards bioeconomy models. Market attractiveness is high, fueled by robust demand from diverse end-use industries seeking eco-friendly alternatives to conventional petroleum-derived chemicals. The competitive intensity is moderately consolidated, with key players focusing on technological differentiation, strategic collaborations, and expanding production capacities to gain market share. While the demand–supply balance currently appears stable, potential fluctuations in feedstock availability and prices could introduce short-term imbalances. Overall, the market is poised for sustained growth, underpinned by supportive regulatory frameworks and increasing consumer preference for green products, making it a compelling sector for long-term strategic engagement and the Bio-Based PGN market outlook remains positive.
Looking ahead, the long-term outlook for the Bio-Based PGN market remains exceptionally strong, propelled by continuous innovation in biorefining technologies and the exploration of novel, non-food-based feedstocks. The innovation landscape is dynamic, with significant R&D investments aimed at improving production efficiency, reducing costs, and broadening the application spectrum of bio-based PGNs. However, key risk factors include the volatility of agricultural commodity prices, which directly impacts feedstock costs, and the ongoing challenge of achieving complete cost parity with synthetic alternatives. Furthermore, the development of robust and scalable supply chains for bio-based raw materials is crucial. Companies that successfully navigate these challenges through strategic partnerships, technological leadership, and sustainable sourcing will be well-positioned to capitalize on the expanding Bio-Based PGN market outlook and secure a competitive advantage.