Biobased Propylene Market Size, Share | Analysis by 2028

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Biobased Propylene Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Derivative (Polypropylene, Propylene Oxide, Acrylonitrile, Cumene, and Others)

Publication Month: Feb 2022 | Report Code: TIPRE00027435 | No. of Pages: 101 | Category: Chemicals and Materials | Status: Published

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.

Europe is expected to dominate the global biobased propylene market in 2023 and retain its dominance during the forecast period. Increased government support and rise in initiatives regarding the adoption of biobased plastics are leading to an increased demand for biobased polypropylene. The European Union (EU) promotes the application of biobased, biodegradable, and compostable plastics to contribute to a sustainable plastics economy. Along with the increased government support, the rise in demand for bioplastics from the packaging industry in Europe has led to the increasing adoption of biobased polypropylene. Thus, these factors positively impact the market across the region. Asia Pacific is expected to be the fastest-growing region for the bio-based propylene market. The increase in awareness owing to the rising hazards of conventional plastics on the environment and overall economy, coupled with rising government support such as funding and financial assistance is helping in developing the bio-based propylene market across the region.


Strategic Insights

Report Coverage - Biobased Propylene Market
Report CoverageDetails
Market Size Value inUS$ 63.71 million in 2023
Market Size Value byUS$ 83.69 million by 2028
Growth rateCAGR of 5.6% from 2023 to 2028.
Forecast Period2023 - 2028
Base Year2023
No. of Pages101
No. of Tables25
No. of Charts & Figures58
Historical data availableYes
Segments coveredDerivative
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Biobased Propylene Market Forecast, by Region, 2023–2028

Biobased Propylene Market Forecast, by Region, 2023–2028

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Market Insights

Rising Government Support

The rise in government support related to the adoption of biobased materials has led manufacturers to develop biobased products such as biobased propylene. The increased initiatives from various governments worldwide for the adoption of biobased plastics will drive the market growth. The EU promotes the application of biobased, biodegradable, and compostable plastics to contribute to a sustainable plastics economy. Through its initiatives, the government of Japan has led to increased development of products made from biodegradable bioplastics and subsidized companies that produce paper alternatives to plastic. The rising government support for the adoption of biobased plastics will positively impact the market. Along with this, The US Department of Agriculture (USDA) is involved in and supporting various programs which are focused on increasing the research, development, and buyer/consumer awareness of bioplastics. The USDA’s BioPreferred Program works to raise the consumption and usage of biobased products through federal procurement and a certification and labeling initiative.

Derivative Insights

Based on derivative, the biobased propylene market is segmented into polypropylene, propylene oxide, acrylonitrile, cumene, and others. In 2023, the polypropylene segment is expected to dominate the global market. Various applications of polypropylene, including bottles, food containers, cosmetic packaging, automotive components and parts, medical equipment, fibers, and films, are driving the demand for polypropylene. The increase in awareness of global warming and the depletion of fossil fuels have led manufacturers to develop biobased propylene, which can, in turn, be used to produce biobased polypropylene.

Biobased Propylene Market Share, by Derivative – 2023 and 2028

Biobased Propylene Market Share, by Derivative – 2023 and 2028

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Mitsui Chemicals, Inc.; Borealis AG; Global Bioenergies; The Dow Chemical Company; Cereplast, Inc.; and Trellis Earth Products, Inc. are among the key players operating in the biobased propylene market. The leading players adopt several strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer base.  

Report Spotlights

  • Progressive trends in the biobased propylene industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global market from 2023 to 2028
  • Estimation of the demand for biobased propylene across various industries
  • Porter's analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for the biobased propylene  
  • Market trends and outlook coupled with factors driving and restraining the growth of the biobased propylene market
  • Understanding regarding the strategies that underpin commercial interest with regard to the global market growth, aiding in the decision-making process
  • Biobased propylene market size at various nodes of market
  • Detailed overview and segmentation of the global biobased propylene market as well as its industry dynamics
  • Biobased propylene market size in various regions with promising growth opportunities


The "Global Biobased Propylene Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global biobased propylene market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The biobased propylene market is segmented based on derivative and geography. Based on derivative, the market is segmented into polypropylene, propylene oxide, acrylonitrile, cumene, and others. Based on geography, the market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America.

Company Profiles

  • Mitsui Chemicals, Inc.
  • Borealis AG
  • Global Bioenergies
  • The Dow Chemical Company
  • Cereplast, Inc.
  • Trellis Earth Products, Inc.

Frequently Asked Questions

In 2023, Europe is projected to lead the global biobased propylene market owing to the rising sustainability concerns in the European Union (EU) countries.
Based on derivative, the polypropylene segment held the largest share in the biobased propylene market as biobased propylene is one of the major precursors for manufacturing polypropylene.
In 2023, Asia-Pacific is expected to be the fastest growing region within the global biobased propylene market owing to the presence of prominent players in the region such as Mitsui Chemicals Inc., coupled with strong government support for developing biobased polymers.
The biobased propylene market is still at a nascent stage and the report provides futuristic demand for biobased propylene. The scope of biobased propylene market is based on derivatives of propylene such as polypropylene, acrylonitrile, propylene oxide, cumene, and others. Moreover, based on geography the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South and Central America.
Some of the prominent players operating in the global biobased propylene market include Mitsui Chemicals, Inc.; Borealis AG; Global Bioenergies; The Dow Chemical Company; Cereplast, Inc.; and Trellis Earth Products, Inc.
The global biobased propylene market is primarily driven by the rising awareness related to the negative impacts of petroleum-based plastics on the environment coupled with rising efforts by prominent players for developing new approaches to manufacture propylene from renewable feedstock.

The List of Companies - Bio-based Propylene Market

  1. Mitsui Chemicals, Inc.    
  2. Borealis AG       
  3. Global Bioenergies        
  4. The Dow Chemical Company    
  5. Cereplast, Inc   
  6. Trellis Earth Products, Inc.      
  7. BASF SE
  8. Braskem          
  9. Corbion        
  10. SABIC
  • Highlights key business priorities to assist companies realign their business strategies.
  • Features key findings and crucial progressive industry trends in the global biobased propylene market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well as key market drivers and restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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