Data Bridge Market Research unveils a comprehensive study of the Bio-based Propylene Glycol Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.

The Bio-based Propylene Glycol market report stands as a meticulous exploration of the Chemical and Materials industry, offering insights into market definitions, classifications, applications, engagements, and global industry trends. Within the report, understanding consumer types becomes straightforward, along with their responses and perspectives on specific products. It delves into their suggestions for product improvement and the most effective distribution methods. This comprehensive document not only provides abundant insights but also offers business solutions, paving the way for new avenues of success. In today's business landscape, where informed decision-making, sustainable growth, and maximum revenue generation are imperative, embracing such exhaustive market research reports is essential.

For businesses aspiring to achieve significant growth and optimal return on investment (ROI), the adoption of a top-tier market research report like Bio-based Propylene Glycol proves highly advantageous. An adept team conducts a methodical, objective, and exhaustive market research study to present facts related to any marketing subject comprehensively. Furthermore, the market report encompasses historical data, current market trends, the market environment, technological innovations, upcoming technologies, and technical progress within the relevant industry. In an era characterized by intense competition, having a profound understanding of the competitive landscape, competitors' product ranges, their strategies, and future prospects becomes paramount.

The bio-based propylene glycol market is expected to witness market growth at a rate of 11.2% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 400 million by 2028. Data Bridge Market Research report on bio-based propylene glycol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of bio-based propylene glycol market.

Market Definition

Bio-based propylene glycol refers to the product that is derived from plants by catalytic process, possessing high boiling and flash point, low vapor pressure and stability. Bio-based propylene glycol assists in declining greenhouse gas emissions and finds applications in waste heat recovery, solar system, and others. The product is known to have low toxicity and is listed in generally recognized as safe (GRAS) for use in food and pharmaceuticals.

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Market Growth Drivers:

The rise in detergent & household industry across the globe acts as one of the major factors driving the growth of bio-based propylene glycol market. The use of the bio-based propylene glycol as a coolant in automobile industry due to its lower freezing point property, and growing awareness regarding the benefits renewable chemistry accelerate the market growth. The manufacturers striving to achieve sustainability in the long run by developing and commercializing bio-based chemicals, and high need of eco-friendly production process of propylene glycol further influence the market. Additionally, rapid industrialization, increasing middle class and young population and use for preventing corrosion in the cooling system positively affect the bio-based propylene glycol market. Furthermore, increase in demand for bio-based propylene glycol in pharmaceutical (USP/EP) grade applications extends profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, huge investment requirement in R&D for bio-based propylene glycol and less product differentiation of petroleum-based propylene glycols are expected to obstruct the market growth. Volatile crude oil prices and increasing battery price parity are projected to challenge the bio-based propylene glycol market in the forecast period of 2021-2028.

The report emphasizes the participation of key entities, notably:

BASF SE

DOW

LyondellBasell Industries Holdings B.V.

ADM

Huntsman International LLC

Global Bio-Chem Technology Group Company Limited

Dupont

Tate & Lyle

SKC

Asahi India Glass Limited

HELM AG

Chaoyang Chemicals, Inc.

Temix International S.R.L.

Qingdao Shida Chemical Co., Ltd.

ADEKA CORPORATION

Royal Dutch Shell plc

Golden Dyechem

TRInternational

Oleon NV

Shandong Depu Chemical Industry Science & Technology Co., Ltd

INEOS Group Ltd

Key Highlights in the Report

• Providing an extensive analysis of the Bio-based Propylene Glycolmarket for a holistic understanding.
• Presenting details about the leading industry players, their product ranges, and strategic approaches.
• Delving into the prominent regional landscapes where Bio-based Propylene Glycoldemonstrates significant growth.
• Exploring the latest trends and advancements within the industry.
• Identifying potential and specialized segments/regions poised for notable expansion.

Key Market Segmentation

The bio-based propylene glycol market is segmented on the basis of application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of application, the bio-based propylene glycol market is segmented into unsaturated polyester resin, antifreeze & coolant, chemical intermediates, solvent and others.

On the basis of end-use industry, the bio-based propylene glycol market is segmented into automotive, food processing, cosmetics, pharmaceuticals, construction, marine, transportation and others.

Target Audience:

• Businesses in the Bio-based Propylene Glycolindustry
• Investors and analysts interested in the Bio-based Propylene Glycolmarket
• Anyone who wants to learn more about the Bio-based Propylene Glycolmarket

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