PRN: Global Bio-based Propylene Glycol Market 2017-2021 - Market to Grow at a CAGR of 8.27%

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Global Bio-based Propylene Glycol Market 2017-2021 - Market to Grow at a CAGR of 8.27%

 
[21-September-2017]
 

DUBLIN, September 21, 2017 /PRNewswire/ --

The "Global Bio-based Propylene Glycol Market 2017-2021" report has been added to Research and Markets' offering.

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The global bio-based propylene glycol market to grow at a CAGR of 8.27% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global bio-based propylene glycol market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increase in demand for green construction. Bio-based propylene glycol is used in the production of unsaturated polyester resins, which are used to make electrical components, paints and coatings, pipes, tanks, and ducts, all important products in the construction industry. The industry and the consumers are becoming more responsible toward the environment, as a result of which the demand for green buildings has grown.

According to the report, one driver in the market is growth in biodiesel production. Biodiesel production is increasing worldwide and is expected to be worth more than $40 billion by 2021, growing at a CAGR of more than 3.5% during 2016-2021. The US, Germany, Brazil, Indonesia, and Argentina are the largest producers of biodiesel. One of the main by-products of biodiesel production is glycerol, also known as glycerin. It is estimated that for every 100 pounds of biodiesel produced, approximately 10 pounds of crude glycerol are also generated. Glycerin is one of the major feedstocks used for the production of bio-based propylene glycol along with soy and corn.

Further, the report states that one challenge in the market is seasonality in availability and prices of bio-based propylene glycol. The major feedstocks for bio-based propylene glycol are glycerin, corn, and soy. Corn and soy are agricultural products and their supply is very irregular during the year. There are peak and dull seasons of production, and this will, in turn, affect the procurement and production costs and eventually the prices of bio-based propylene glycol. During the peak season, product costs will be low. In turn, the prices of bio-based propylene glycol will also fall and its supply will increase. However, during the dull season, the prices of bio-based propylene glycol will be high and supply will reduce.

Key vendors

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

Other prominent vendors

  • Air Liquide
  • Global Bio-chem Technology Group
  • Houghton
  • Orison Marketing
  • S2GBioChem

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendors

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/ktfs6m/global_biobased

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Research and Markets
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