Bio-based Propylene Glycol Market 2016-2020 – Shift Toward Bio-based Organic Products – Key Vendors are Oleon, Cargill & Ashland – Research and Markets
By Business Wire News
By Business Wire News
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.
- Archer-Daniels-Midland (ADM)
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
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Sector: Chemicals, Petrochemicals