Bio-based propylene glycol refers to an organic compound that is obtained from glycerin through the process of hydrogenolysis. It is similar to petroleum-based propylene glycol in its properties and is extensively used in processed foods, antifreeze, personal care products, chemical intermediates and solvents, unsaturated polyester resins, etc. Bio-based propylene glycol is considered an environment-friendly alternative to petrochemistry as it does not rely on petroleum for its manufacturing, unlike propylene glycol.Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
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Global Bio-based Propylene Glycol Industry Trends and Drivers:
The escalating demand for bio-based chemicals on account of the elevating environmental concerns represents one of the primary factors driving the bio-based propylene glycol market. Furthermore, the increasing product usage in coolants and fluids owing to its high boiling point and low freezing point is acting as another growth-inducing factor. Additionally, the rising applications of bio-based propylene glycol in the production of sanitizers and disinfectants, especially in the wake of COVID-19, are further projected to bolster the bio-based propylene glycol market in the coming years.
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Global Bio-based Propylene Glycol Market Segmentation:
The market is segmented in on the basis of type, end use and region.
Type
End use
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the global bio-based propylene glycol industry with the leading players profiled in the report.
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