MRO Magazine

Bio-based Propylene Glycol Market 2016-2020 – Shift Toward Bio-based Organic Products – Key Vendors are Oleon, Cargill & Ashland – Research and Markets


May 10, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Bio-based Propylene Glycol Market 2016-2020” report to their offering.

The report forecasts the global bio-based propylene glycol market to grow at a CAGR of 8.19% during the period 2016-2020.

There is a definite shift towards bio-based organic products due to demand from the pharmaceutical, cosmetics, and food sectors. Rising concerns regarding health, side effects of synthetic products, and hygiene are the prime factors that are driving demand for bio-based solutions.

According to the report, a key market driver is the rising demand from the automobile industry. Economic recovery in the US and Europe has increased the demand for automotive products. The recovery has also increased employment, increased per capita income, and accessible credit facilities, increasing the buying power of consumers. Bio-based propylene glycol is for different applications in the automobile industry such as sheet molding compounds and antifreeze agent.

Further, the report states that competition from petroleum based products is likely to hinder market growth due to a lack of awareness about available alternatives.

Key vendors:

  • Archer-Daniels-Midland (ADM)
  • Ashland
  • BASF
  • Cargill
  • Oleon

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/fglj3j/global_biobased

Research and Markets
Laura Wood, Senior Manager
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