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BIO-BASED PROPYLENE GLYCOL MARKET ANALYSIS
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  3. Bio-Based Propylene Glycol Market Analysis
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BIO-BASED PROPYLENE GLYCOL MARKET ANALYSIS

Bio-Based Propylene Glycol Market, by Application (Unsaturated Polyester Resin, Antifreeze & Coolant, Chemical Intermediates, Solvent, and Others), by End-use Industry (Automotive, Food Processing, Cosmetics, Pharmaceuticals, Construction, Marine, Transportation, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Bio-Based Propylene Glycol MarketSize and Trends

Market Dynamics:-

Significant growth in automotive industry due to increasing middle class and young population is expected to boost growth of the bio-based propylene glycol market during the forecast period. According to the U.S. International Trade Organization (ITA) 2017, China is the world’s largest vehicle market, reporting sales of over 28 million units in 2016, which is expected to reach 35 million units by 2025.

Market Trends

Significant growth in construction industry is expected to boost growth of the bio-based propylene glycol market in the region during the forecast period.

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