DUBLIN--(BUSINESS WIRE)--The "Global Bio-based Propylene Glycol Market 2017-2021" report has been added to Research and Markets' offering.
The global bio-based propylene glycol market to grow at a CAGR of 8.27% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global bio-based propylene glycol market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
Propylene glycol, which is also known as 1,2-propane diol, has various applications in industrial sectors such as pharmaceuticals, food, personal care, and construction. It is used as an antifreeze material such as in the de-freezing of aircraft before take-off. Propylene glycol is primarily used as a solvent, in binding and transporting other substances as an excipient. It also finds application as an emulsifier and assists in balancing insoluble fluids.
According to the report, one driver in the market is growth in biodiesel production. Biodiesel production is increasing worldwide and is expected to be worth more than $40 billion by 2021, growing at a CAGR of more than 3.5% during 2016-2021. The US, Germany, Brazil, Indonesia, and Argentina are the largest producers of biodiesel. One of the main by-products of biodiesel production is glycerol, also known as glycerin. It is estimated that for every 100 pounds of biodiesel produced, approximately 10 pounds of crude glycerol are also generated. Glycerin is one of the major feedstocks used for the production of bio-based propylene glycol along with soy and corn.
- Archer-Daniels-Midland (ADM)
Other prominent vendors
- Air Liquide
- Global Bio-chem Technology Group
- Orison Marketing
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendors
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/n5v5xn/global_biobased