BIO-BASED PROPYLENE GLYCOL MARKET ANALYSIS
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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