Bio-based 1,2-Propanediol Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Bio-based 1,2-Propanediol Market Size and Growth
The Bio-based 1,2-Propanediol market is experiencing robust growth driven by increasing demand for sustainable alternatives in various industries. The market size is projected to reach approximately $1.5 billion by 2025, driven by advancements in production technologies and rising consumer awareness of eco-friendly products, particularly in personal care and food applications.
Companies Covered
(Covid 19 Impact Covered)
ADM
Oleon
Avantium
The bio-based 1,2-propanediol market features key players like ADM, Oleon, and Avantium, who enhance sustainability by producing environmentally-friendly alternatives. Their innovations support market growth through expanded applications in cosmetics, food, and pharmaceuticals. Sales figures illustrate their impact: ADM: $85 billion, Oleon: $1 billion, Avantium: $30 million.
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