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 study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.