Lewes, DE -- (SBWIRE) -- 05/09/2016 -- Report forecast the global bio-based propylene glycol market to grow at a CAGR of 8.19% during the period 2016-2020.

Bio-based propylene glycol is considered as an alternative for petroleum-based propylene glycol. It is produced from plant and animal sources and is more reliable and comparatively pure than petroleum-based propylene glycol. The chemical is used in cosmetics, food, pharmaceuticals, unsaturated polyester resins, and antifreeze agents.

The report covers the present scenario and the growth prospects of the global bio-based propylene glycol market for 2016-2020. To The market for pharmaceuticals, cosmetics, and food are supposed to propel the demand for bio-based propylene glycol.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

According to the report, a key market driver is the rising demand from the automobile industry. Economic recovery in the US and Europe has increased the demand for automotive products. The recovery has also increased employment, increased per capita income, and accessible credit facilities, increasing the buying power of consumers. Bio-based propylene glycol is for different applications in the automobile industry such as sheet molding compounds and antifreeze agent.

Further, the report states that competition from petroleum based products is likely to hinder market growth due to a lack of awareness about available alternatives.

Global Bio-Based Propylene Glyocol Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global bio-based propylene glycol market: Archer-Daniels-Midland (ADM), Ashland, BASF, Cargill, and Oleon.

Other Prominent Vendors in the market are: Houghton Chemical and Orison.

Market driver
- Demand from automobile industry
- For a full, detailed list, view our report

Market challenge
- Competition from petroleum-based propylene glycol
- For a full, detailed list, view our report

Market trend
- Shift toward bio-based organic products
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 59 pages and 34 Exhibit "Global Bio-based Propylene Glycol Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-bio-based-propylene-glycol-market-2016-2020

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