Global Bio-Based Propylene Glycol Market: Overview

Propylene glycol has a very high demand due to the significantly high petroleum consumption globally. In addition, propylene glycol can be found in diverse products such as fiberglass resins, foods, antifreezes, cosmetics, and pharmaceuticals. This broad range of applications has a considerable influence on the global bio-based propylene glycol market. The ubiquity of the product augur well for its increasing demand. With the global petroleum consumption increasing by a thousand metric ton every year, the market stands profound chances of exhibiting robust growth over the course of the forecast period between 2013 and 2019.

All the recent developments that have occurred in the global bio-based propylene glycol market is accounted in the report. In many ways it is all en-compassing as it compiles detailed assessment of the various factors influencing the market’s trajectory between 2013 and 2019. It provides market insights based on results obtained from Porter’s five forces analysis. The analysis factors bargaining position of suppliers and buyers, threat from substitutes and new entrants, and degree of competition in the market to uncover opportunities for both new and existing market participants.

Global Bio-Based Propylene Glycol Market and Opportunities

The chemical industry makes various petrochemical products using fossil fuel. However, the industry is slowly shifting towards renewable chemistry realizing the benefits it offers. The demand for bio-based chemicals has thus increased as the chemical industry aims for sustainability and commercialization of their products. Bio-based propylene glycol is obtained from renewable sources and can be put to diverse application, which is a key factor fuelling its demand in the chemical industry.

Besides helping the industry successfully address emission concerns, bio-based propylene glycol also coheres with the government regulations. This is a key factor fuelling its demand across industries. Furthermore, bio-based propylene glycol is used in nearly all cosmetics applications and it offers a fruity fragrance, which provides big advantage to the industry producing perfumes and colognes.  

There is rising demand for products derived from renewable sources, which provides a wide opportunity to bio-based chemicals. Furthermore, the increasing use of bio-based propylene glycol across industries and recent developments in biotechnology hold significant growth opportunities for the market.

Global Bio-Based Propylene Glycol Market: Regional Outlook

Regionally, the global bio-based propylene glycol market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. Among these, the market will witness rising demand from Asia Pacific. The growth of end-user industries such as construction, transportation, and marine will aid the expansion of the bio-based propylene glycol market in the region.

Global Bio-Based Propylene Glycol Market: Vendor Landscape

In order to study the vendor landscape, the report includes profiles of some of the leading companies, whose strategies have a profound impact on the market. For instance, SWOT analysis is conducted on Dow Chemicals, Ashland, Cargill, BASF, ADM, and others to gauge their strengths and weaknesses. The analysis also provides details pertaining to the threats and opportunities that these companies are expected to witness over the course of the forecast period.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Bio-Based Propylene Glycol Market