The Global Bio-based Propylene Glycol Market was valued at USD 3.61 Billion in 2023 and is projected to reach USD 4.48 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period. This steady expansion is fueled by escalating demand for sustainable alternatives in cosmetics, pharmaceuticals, food & beverage, and construction sectors, alongside stringent regulatory mandates and growing consumer preference for green products.

As industries worldwide pivot towards bio-based and renewable feedstocks to reduce carbon footprints, the focus intensifies on the key chemical manufacturers innovating in green chemistry. In this blog, we profile the Top 10 Companies in the Bio-based Propylene Glycol Industry—a blend of chemical giants, agribusiness leaders, and renewable specialists shaping a more sustainable future.

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🔟 1. Ashland Global Holdings Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Bio-based Propylene Glycol (PG), Specialty Chemicals

Ashland is a prominent global specialty chemicals company, offering high-purity bio-based Propylene Glycol derived from renewable resources. Their product serves demanding applications in pharmaceuticals, personal care, and food industries, emphasizing purity and performance.

Sustainability Initiatives:

• Commitment to sustainable sourcing and green chemistry principles

• Development of bio-based alternatives across its product portfolio

• Investment in R&D for enhancing the sustainability profile of chemical processes

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Bio-based Propylene Glycol Market – View in Detailed Research Report

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based Propylene Glycol, Pluracol® balance SG

BASF, a world-leading chemical company, produces bio-based Propylene Glycol as part of its commitment to sustainable solutions. Derived from renewable raw materials like glycerol (a by-product of biodiesel production), their product offers a lower carbon footprint without compromising on quality for applications in unsaturated polyester resins and functional fluids.

Sustainability Initiatives:

• Integration of bio-based feedstocks into core production processes

• Ambitious carbon reduction targets across the value chain

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8️⃣ 3. Cargill, Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: Bio-based Propylene Glycol, Biodiesel co-product utilization

Leveraging its massive agricultural supply chain, Cargill produces bio-based Propylene Glycol from renewable resources. Their focus is on creating value from co-products, such as converting glycerol from biodiesel production into high-value chemicals, aligning with a circular economy model.

Sustainability Initiatives:

• Leadership in transforming agricultural products into industrial chemicals

• Commitment to reducing greenhouse gas emissions in operations

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7️⃣ 4. Archer-Daniels-Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based Propylene Glycol, Renewable Chemicals Portfolio

ADM utilizes its extensive bio-refining capabilities to produce bio-based Propylene Glycol. By processing agricultural products, ADM provides a sustainable alternative to petroleum-based PG, catering to the growing demand from eco-conscious manufacturers in various end-use industries.

Sustainability Initiatives:

• Expansion of renewable chemical production capacity

• Strategic focus on bio-innovation and sustainable sourcing

Download FREE Sample Report:
Bio-based Propylene Glycol Market – View in Detailed Research Report

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6️⃣ 5. Oleon NV

Headquarters: Ertvelde, Belgium
Key Offering: Bio-based Propylene Glycol, Oleochemicals

As part of the Avril Group, Oleon is a major player in oleochemistry, producing bio-based Propylene Glycol from natural fats and oils. Their expertise in transforming vegetable oils into high-performance chemicals positions them as a key supplier for the European and global markets.

Sustainability Initiatives:

• Focus on 100% renewable carbon index for product portfolios

• Development of eco-friendly chemical processes

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5️⃣ 6. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Propylene Glycol (including bio-based routes), Propylene Oxide Derivatives

Dow is a global leader in chemicals and materials, with a significant presence in the Propylene Glycol market. While traditionally petroleum-based, Dow is actively investing in and exploring bio-based pathways and renewable feedstocks to produce PG, aligning with its sustainability goals.

Sustainability Initiatives:

• Commitment to circular economy and sustainable product design

• Investment in technologies to enable a transition to bio-based feedstocks

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4️⃣ 7. LyondellBasell Industries N.V.

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Propylene Glycol, Polyols, Advanced Polymers

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies. It is a major producer of Propylene Glycol and is increasingly focusing on sustainability, including assessing bio-based and circular feedstocks for its chemical intermediates to meet evolving market demands.

Sustainability Initiatives:

• Targets to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030

• Development of circular and low-carbon solutions across its portfolio

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3️⃣ 8. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Propylene Glycol, Polyurethane Polyols, Performance Products

Huntsman manufactures a diverse range of chemicals, including Propylene Glycol used in unsaturated polyester resins, functional fluids, and other applications. The company is integrating sustainability into its operations and exploring renewable alternatives for its product lines.

Sustainability Initiatives:

• Focus on innovation to reduce the environmental impact of products

• Commitment to responsible sourcing and manufacturing practices

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2️⃣ 9. INOVYN

Headquarters: London, United Kingdom
Key Offering: Chlor-alkali products, Propylene Oxide (PO) & Propylene Glycol (PG)

INOVYN, owned by INEOS, is a leading producer of chlor-alkali and derivative products in Europe. The company produces Propylene Glycol and is part of a larger group actively investing in technologies and partnerships to advance the circular economy and sustainable chemical production.

Sustainability Initiatives:

• Investment in technologies for carbon capture and utilization

• Development of lower-carbon production pathways for key chemicals

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1️⃣ 10. Global Bio-chem Technology Group Company Limited

Headquarters: Hong Kong
Key Offering: Bio-based Chemicals, Bio-based Propylene Glycol, Amino Acids

Global Bio-chem is a specialized manufacturer focused on fermenting corn and other biomass into a range of bio-based chemicals, including bio-based Propylene Glycol. The company has established significant production capacity in China, leveraging fermentation technology for sustainable chemical synthesis.

Sustainability Initiatives:

• Pioneering fermentation-based production of commodity chemicals

• Reducing reliance on fossil fuel-derived feedstocks

Get Full Report Here:
Bio-based Propylene Glycol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Bio-based Propylene Glycol Is Green and Circular

The bio-based Propylene Glycol market is experiencing a fundamental transformation. While conventional PG still holds a significant market share, the momentum is unmistakably shifting towards renewable and circular alternatives, driven by technological innovation, cost competitiveness, and regulatory pressures.

📈 Key Trends Shaping the Market:

• Rising demand for bio-based content in cosmetics, personal care, and food-grade applications

• Advancements in fermentation and catalytic processes for bio-PG production

• Increasing regulatory support and bio-preferred purchasing programs globally

• Strategic partnerships between chemical companies and agribusiness firms to secure renewable feedstocks

Get Full Report Here:
Bio-based Propylene Glycol Market – View in Detailed Research Report

The companies listed above are not only supplying a critical chemical intermediate—they are actively building the foundation for a more sustainable and circular chemical industry.