Bio-Propylene Market
The market for Bio-Propylene was estimated at $599 million in 2024; it is anticipated to increase to $955 million by 2030, with projections indicating growth to around $1.41 billion by 2035.
Global Bio-Propylene Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Bio-Propylene industry revenue is expected to be around $647.1 million in 2025 and expected to showcase growth with 8.1% CAGR between 2025 and 2034. The Bio-Propylene market demonstrates strong growth because it has become increasingly important for different industries. The market expansion is driven by three main factors which include the growing need for green products and government regulations against traditional propylene use and the rising market demand for bio-based materials. The global market for Bio-Propylene continues to gain importance because of technological advancements in production methods and the increasing awareness about sustainable practices.
Bio-Propylene stands out as a bio-based polymer because it demonstrates high durability and corrosion resistance and multiple application possibilities. The industries of packaging and automotive and textiles and construction use Bio-Propylene extensively because it provides lightweight and recyclable properties. The circular economy shift and increasing focus on carbon reduction have created a rising market demand for Bio-Propylene.
Market Key Insights
- The Bio-Propylene market is projected to grow from $598.6 million in 2024 to $1.30 billion in 2034. This represents a CAGR of 8.1%, reflecting rising demand across Plastics Manufacturing, Pharmaceutical Industry and Textile Industry.
- Braskem, Global Bioenergies, Neste Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Bio-Propylene market and are expected to observe the growth CAGR of 5.9% to 8.5% between 2024 and 2030.
- Emerging markets including Indonesia, India and South Africa are expected to observe highest growth with CAGR ranging between 7.8% to 10.1%.
- Transition like Shift Towards Sustainable Solutions is expected to add $36 million to the Bio Propylene market growth by 2030.
- The Bio-Propylene market is set to add $706 million between 2024 and 2034, with manufacturer targeting Textile & Automotive Applications projected to gain a larger market share.
- With Rising demand for sustainable solutions, and Technological advancements in bio-propylene production, Bio-Propylene market to expand 118% between 2024 and 2034.