Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Bio Based Propylene Glycol Market”.
This report also includes more info about basic overview of the industry
including definitions, applications and global market industry structure. Propylene
glycol or 1, 2-propane-diol is one of the universal product that is used in
modern life and is practically everywhere. It is derived industrially by
processing petroleum products and has a very high demand due to which the
global consumption of petroleum has increased by thousand metric tons per year.
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Full Report with TOC: http://www.transparencymarketresearch.com/bio-based-propylene-glycol-market.html
Propylene
Glycol (PG) is used in a broad range of products; it can be found in fiberglass
resins, antifreezes, foods, pharmaceuticals and cosmetics. Propylene
glycol has been prepared by petroleum stocks but now days it is derived from
corn starch and a special carbohydrate which is processed to make glycols. This
processed and green derived propylene glycol is having a very high quality. The
synthetic ingredient is derived from a renewable source which meets the
requirement of the consumers and it also offers additional advantage of a
pleasant and fruity odor. The chemical industry is highly dependent on
fossil fuel for making variety of petrochemical products. As there are many
benefits of renewable chemistry so the entire industry is shifting towards it,
companies are demanding bio-based chemicals to achieve sustainability by
commercializing bio-based chemicals. One of the elements which are in high
demand and attracting attention to be generated from renewable source is
propylene glycol.
The
bio-based propylene glycol is in high demand due to its effective quality.
These products have same area of applications as that of propylene glycol.
Moreover it is a renewably derived product and helps in reducing the green
house gas emissions. These products meet the standards of bio-preferred
purchasing programs and also the specifications given by the government which
makes it an efficient product to be used by industries. The bio-based propylene
glycol is used for all cosmetics applications and offers fruity odor and
equivalent feature as that of the traditional chemical. The pleasant
smell of bio PG is a big advantage for the industry producing perfumes and
colognes and driving the demand abundantly. Reduced green house gas
emission by its production, better and benchmarked environmental performance
and reduced dependency on petrochemical feedstock are some of the main drivers
of this market. The derivation of bio-based propylene glycol has a
limitation of low catalyst stability and high reaction pressure during the
production process which can be controlled by proper observation. There is
growing demand for renewable products which gives a wide opportunity to
renewable chemistry and bio-based chemicals. The increase in demand by the
industries for the bio-based products has improved energy security and reduced
the dependence on imports for energy. The growing technology and advancement in
biotechnology to develop industrial bio-based products have given several
opportunities to this market. Moreover the growing demand for product derived
from renewable raw materials has brought several opportunities for this market.
The
bio based propylene glycol is used as an antifreeze, secondary refridgerant and
coolant in many industries. It is used in several applications such as
waste heat recovery, chillers, HVAC and solar systems. Bio based
propylene glycol is used as anti- freeze because it has low freeze point and
high boiling point, in hydraulic brake fluids, deicing fluids, paints
&coatings, pharmaceuticals, cosmetics, personal care products and food.
Bio based chemicals has continues steady growth in past few years with
majors markets including countries such as the U.S. and Europe.
The
agribusiness has been widely producing bio-based propylene glycol using refined
glycerin as the feedstock which has several applications in industries. Some of
the key market players in this market include Ashland, Cargill, ADM, Dow
Chemicals and BASF amongst others.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth drivers,
and restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
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