The 2022 global size for bio-based propylene glycol market amounted to USD 4.32 billion, with an anticipated revenue compound annual growth rate (CAGR) of 4% throughout the forecast period, as outlined in the latest report by Reports and Data.
Propylene glycol, a transparent and scentless liquid, serves as a prevalent humectant, solvent, and preservative across various industries.
A key driver fostering revenue expansion within the bio-based propylene glycol market is the escalating demand for environmentally conscious and sustainable products. As consumers heighten their awareness regarding the environmental consequences of their purchasing choices, the market witnesses an increasing desire for commodities produced from renewable sources with minimal carbon footprints. Bio-based propylene glycol, derived from resources like corn, sugarcane, and other biomass, emerges as a more eco-friendly alternative compared to its petroleum-based counterpart.
Additionally, the surge in demand for bio-based products in the cosmetics and personal care domain is expected to further fuel the market's revenue growth. Moisturizing components sourced from bio-based propylene glycol, extracted from materials such as corn and sugarcane, find application in products like lotions, creams, and shampoos. The cosmetics and personal care sector is experiencing a growing preference for ingredients derived from renewable sources, devoid of harmful chemicals, aligning with the increasing consumer inclination toward natural and organic products. This evolving trend plays a significant role in propelling the market's expansion.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/7213
Market Overview:
Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
Read the full report @ https://www.reportsanddata.com/report-detail/bio-based-propylene-glycol-market
Moreover, the report provides insight into how the Bio-Based Propylene Glycol market will develop between 2023 and 2032. Companies operating in the Bio-Based Propylene Glycol market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Bio-Based Propylene Glycol market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Bio-Based Propylene Glycol market and estimates market progress in terms of value (USD million) and volume (thousand units).
Top Companies:
- Dupont Tate Lyle Bio Products Company, LLC.
- Ashland Inc.
- Archer Daniels Midland Company
- The Dow Chemical Company
- Global Bio-Chem Technology Group Company Limited
- Oleon NV
- LyondellBasell Industries N.V.
- BASF SE
- SKC Co. Ltd.
- Oleon NV
Market Segmentation
Source Type Outlook:
- Renewable
- Non-Renewable
Application Outlook:
- Food and Beverage
- Cosmetics
- Pharmaceutical
- Others
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/7213
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Research Methodology: Bio-Based Propylene Glycol Market
The research methodology adopted by analysts to compile the Bio-Based Propylene Glycol market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Bio-Based Propylene Glycol market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Bio-Based Propylene Glycol market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Bio-Based Propylene Glycol market.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
