Bio-based Propylene Glycol Market

“Global Bio-based Propylene Glycol Market- Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global bio-based propylene glycol market. Bio-based propylene glycol is an organic compound derived from glycerin through the process of hydrogenolysis. It has properties similar to petroleum-based propylene glycol. As a result, it is extensively used in personal care products, processed foods, antifreeze, unsaturated polyester resins, chemical intermediates and solvents. 

With the rising environmental concerns, there has been escalating demand for bio-based chemicals, which represents the primary factor driving the global bio-based propylene glycol market. Additionally, the increasing usage of bio-based propylene glycol in fluids and coolants due to its low freezing point and high boiling point is propelling the product demand. Other factors, including the growing awareness about its environmental benefits, and its increasing application in manufacturing sanitizers and disinfectants amid the coronavirus (COVID-19) pandemic, are also anticipated to impact the market in the near future.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the bio-based propylene glycol market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenarios from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the bio-based propylene glycol market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the bio-based propylene glycol market in detail for the latest trends, outlook, and opportunities.

The report analyses the competitive structure of the bio-based propylene glycol Industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the bio-based propylene glycol industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the bio-based propylene glycol industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the bio-based propylene glycol industry. Furthermore, the value chain analysis of the bio-based propylene glycol Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales, and distribution. 

Key Segments and Highlights of the Global Bio-based Propylene Glycol Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the bio-based propylene glycol Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.