Bio-based Propylene Glycol Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Archer Daniels Midland Co., Ashland Global Holdings Inc. and Ayas Renewables Inc. are key growth contributors

Technavio has been monitoring the bio-based propylene glycol market and it is expected to grow by $ 110.31 million, accelerating at a CAGR of almost 5.06% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Bio-based Propylene Glycol Market: Key Trends to impact market growth

APAC had the largest market share in the bio-based propylene glycol market in recent years, and the region will offer several growth opportunities to market vendors during the forecast period. The increase in environmental awareness leading to use of bio-based products will significantly influence bio-based propylene glycol market growth in this region.  This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Bio-based Propylene Glycol Market: Top Drivers to Boost Demand

Growth in biodiesel production is one of the primary factors driving the growth of the bio-based propylene glycol market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Archer Daniels Midland Co., Ashland Global Holdings Inc. and Ayas Renewables Inc. are key growth contributors

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., Ashland Global Holdings Inc., Ayas Renewables Inc., BASF SE, Dow Inc., Global Bio-chem Technology Group Co. Ltd., Hawkins Inc., Huntsman Corp., LAIR LIQUIDE SA, and Oleon NV are some of the major market participants.

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Bio-based Propylene Glycol Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive bio-based propylene glycol market growth during the next five years
• Precise estimation of the bio-based propylene glycol market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bio-based propylene glycol market industry across North America, APAC, Europe, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bio-based propylene glycol market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 5.06%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 110.31 million through 2021-2025.
    
3. What is a key factor driving this market?
   Growth in biodiesel production will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   35% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Archer Daniels Midland Co., Ashland Global Holdings Inc., Ayas Renewables Inc., BASF SE, Dow Inc., Global Bio-chem Technology Group Co. Ltd., Hawkins Inc., Huntsman Corp., LAIR LIQUIDE SA, and Oleon NV
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Unsaturated polyester resins, Functional fluids and antifreeze products, Pharmaceuticals, cosmetics, and food, Detergents and household products, and Other applications) and Geography (North America, APAC, Europe, MEA, and South America)