Bio-Based Propylene Glycol Market: size is expected to reach 133.95 US$ Mn in year 2029, at a CAGR of 4.95%during the forecast period.
Bio-Based Propylene Glycol Market Overview:
The report covers an in depth analysis of COVID 19 pandemic impact on Global Bio-Based Propylene Glycol Market by region and on the key players revenue affected till July 2021 and expected short term and long term impact on the market.
The purpose of this report is to provide a thorough examination of the Bio-Based Propylene Glycol Market by segments and geographics. The study goes into great detail on the primary factors influencing the Bio-Based Propylene Glycol market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
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Market Scope:
The “Global Bio-Based Propylene Glycol Market Analysis” is a detailed investigation of the Bio-Based Propylene Glycol market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Bio-Based Propylene Glycol market as well as detailed market segmentation by application, end-use, and geography. The Bio-Based Propylene Glycol market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Bio-Based Propylene Glycol players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Bio-Based Propylene Glycol market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Bio-Based Propylene Glycol market was calculated using the revenue of significant enterprises.
Segmentation:
Application, end-user, and geographic segments are used to segment the global bio-based propylene glycol market. Because unsaturated polyester resins are increasingly used in the building and construction industry, the unsaturated polyester application category, which had the greatest market share in 2021, is predicted to maintain its dominance over the forecast period. Antifreeze & coolant and chemical intermediates application segments are placed after the unsaturated polyester application segment. Over the forecast period, the antifreeze and coolant application category is anticipated to have a market share. Due to its high viscosity and low freezing point, bio-based propylene glycol is increasingly used in the automotive and general manufacturing industries. The Automotive End-User segment had the biggest market share by end user in 2021 and is anticipated to maintain its dominance during the projected period because.
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Key Players:
The major players covered in the Bio-Based Propylene Glycol market report are
• Archer Daniels Midland Company (U.S.)
• BASF SE (Germany)
• The Dow Chemical Company (U.S.)
• DuPont Tate & Lyle Bio Products Company, LLC (UK)
• Huntsman International LLC. (U.S.)
• Oleon (Belgium)
• Ashland. (U.S.)
• Cargill
• ADM
• Global Bio-Chem Technology Group Co., Ltd. (China)
• SKC Co., Ltd. (South Korea)
• Temix International S.R.L. (Italy)
• Ineos Oxide (Switzerland)
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Bio-Based Propylene Glycol Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Bio-Based Propylene Glycol market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Bio-Based Propylene Glycol industry,
Key Questions Answered in the Bio-Based Propylene Glycol Market Report are:
- Which segment grabbed the largest share in the Bio-Based Propylene Glycol market?
- What was the competitive scenario of the Bio-Based Propylene Glycol market in 2021?
- Which are the key factors responsible for the Bio-Based Propylene Glycol market growth?
- Which region held the maximum share in the Bio-Based Propylene Glycol market in 2021?
