The Biobased Propylene market size is expected to be valued at US$ 63.71 million in 2023 and is projected to reach US$ 83.69 million by 2028; it is expected to grow at a CAGR of 5.6% from 2023 to 2028. Biobased Propylene is considered a substitute for synthetic propylene, which is mostly used to produce polypropylene. The increased focus of manufacturing companies on sustainable manufacturing processes has led to a rise in emphasis on the development of biobased propylene.
Biobased Propylene Market May See Big Move
Biobased Propylene Market Global Analysis and
Forecast to 2028
Published Date : Feb 2022
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Report Studies
Biobased Propylene Market Forecast to 2028 - COVID-19 Impact and Global
Analysis By Derivative (Polypropylene, Propylene Oxide, Acrylonitrile, Cumene, and
Others)
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Biobased Propylene
Market Overview
The Biobased propylene market size is expected to be valued at US$ 63.71 million in 2023
and is projected to reach US$ 83.69 million by 2028; it is expected to grow at a CAGR of
5.6% from 2023 to 2028.
Biobased propylene is considered a substitute for synthetic propylene, which is mostly used
to produce polypropylene. The increased focus of manufacturing companies on sustainable
manufacturing processes has led to a rise in emphasis on the development of biobased
propylene.
Biobased propylene is made from renewable sources and is primarily used to produce
biobased polypropylene.
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Key Segment Market
Segment By Type:-
By Derivative (Polypropylene, Propylene Oxide, Acrylonitrile, Cumene, and Others)
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Here
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Biobased
$50,000
PropyleneMarket
Value $40,000
$30,000
CAGR of 5.6%
$20,000
(2023 - 2028)
$10,000
$0
20XX 20XX 20XX 20XX 20XX
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Company Profiles
Mitsui Chemicals, Inc.
Borealis AG
Global Bioenergies
The Dow Chemical Company
Cereplast, Inc
Trellis Earth Products, Inc.
BASF SE
Braskem
Corbion
SABIC
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By Geography
North America (the US, Canada, and Mexico)
Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe)
Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific)
Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East &
Africa)
South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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