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
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