The Bio-Based Propylene Glycol Market held XXX in 2020 and is to grow with a CAGR of XXX from 2020-2030. Propylene glycol (PG) is a multifunctional organic molecule derived from products made from petroleum, mainly propylene oxide. It is used in various industries such as electronic resins, fruit. pharmaceutical resins, cosmetics, and fiberglass. Bio-based propylene glycol is a renewable derived commodity that reduces greenhouse gas emissions. The boiling point is relatively high and the freezing point low. Bio-based Propylene Glycol gives a fruity flavor and can be used reliably in the perfume and cologne production industries. It has a wide variety of uses, such as antifreeze, waste heat recovery, refrigerants, solar panel, etc. Thanks to the considerably high consumption of petroleum globally, propylene glycol has a very strong demand. Biobased goods are recognized on the characteristic of being ecologically sustainable and naturally renewable. Furthermore, propylene glycol is used in numerous products such as fiberglass resins, meats, antifreezes, cosmetics, and pharmaceuticals. This wide variety of applications has a major impact on the global demand for bio-based propylene glycol. The product's ubiquity boasts a positive omen for its rising demand. With global oil consumption increasing by 1000 metric tons each year.

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Market Dynamics and Factors

The various factors, responsible for the growth of the bio-based propylene glycol market for are reduced use of petrochemical feedstock, eco-friendly production processes and reduced greenhouse gas emissions. The major constraints to market expansion are high risk of reaction during the manufacturing phase and poor catalyst stability. The growing demand for bio-based methods and green goods is expected to give Bio-based Propylene Glycol market has a lot of potential. The chemical industry uses fossil fuel to produce different petrochemical products. In addition to helping the industry address pollution issues effectively, bio-based propylene glycol often fits with government legislation. It is a crucial factor driving their industry-wide demand. In addition, bio-based propylene glycol is used in almost all cosmetics products, and it gives a fruity scent that provides a significant advantage to the perfume and cologne industry.

Market Segmentation:

Global Bio Based Propylene Glycol Market – By Application
Unsaturated Polyester Resins
Detergents
Fluids and Coolants
Pharmaceuticals
Foods
Others
Global Bio Based Propylene Glycol Market – By End-use Industry
Cosmetics
Building & Construction
Automotive
Pharmaceutical
Household
Global Bio Based Propylene Glycol Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
Geographic Analysis

Over the forecast period Asia Pacific is projected to be the fastest growing region on the bio-based propylene glycol market. This is mainly due to this region's growing construction industry, especially in China, India, Malaysia and other countries. Bio-based propylene glycol products are used to produce bathroom boards, building panels, corrosion resistant tanks and others.

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Competitive Scenario

The key market players profiled in the report include, as Huntsman Corporation, SKC Co., Ltd., The Dow Chemical Company, LyondellBasell Industries N.V., Ineos Oxide.Archer Daniels Midland Company, BASF SE, DuPont Temix International S.R.L., Global Biochem Technology Group Co., and Tate & Lyle Bio Products, LLC, Ltd.

How will this Market Intelligence Report Benefit You?

1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

2. Exclusive insight into the key trends affecting the Bio-Based Propylene Glycol industry, although key threats, opportunities and disruptive technologies that could shape the Bio-Based Propylene Glycol Market supply and demand.

3. The report tracks the leading market players that will shape and impact the Bio-Based Propylene Glycol Market most.

4. The data analysis present in the Bio-Based Propylene Glycol Market report is based on the combination of both primary and secondary resources.

5. The report helps you to understand the real effects of key market drivers or retainers on Bio-Based Propylene Glycol Market business.

The 2021 Annual Bio-Based Propylene Glycol Market offers:

• 100+ charts exploring and analysing the Bio-Based Propylene Glycol Market from critical angles including retail forecasts, consumer demand, production and more

• 15+ profiles of top producing states, with highlights of market conditions and retail trends

• Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

• Benchmark wholesale prices, market position, plus prices for raw materials involved in Bio-Based Propylene Glycol Market type

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