Bio-based Propylene Glycol Market in l4 Industry to grow by $ 110.31million|Technavio
The bio-based propylene glycol market size value is poised to grow by $ 110.31 million during 2021-2025. The market is expected to progressing at a CAGR of over 5%. In addition, the report offers a detailed analysis of the current market scenario, which is majorly focused on the COVID-19 impact. Furthermore, our research expects have extensively covered the latest trends, challenges, and drivers and vendor strategies to overcome growth obstacles.
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Bio-based Propylene Glycol Market Trends & Drivers
The bio-based propylene glycol market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as growth in biodiesel production, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The bio-based propylene glycol market has also explored key trends such as , which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Bio-based Propylene Glycol Market: Segmentation Analysis
This market research report segments the bio-based propylene glycol market by Application (Unsaturated polyester resins, Functional fluids and antifreeze products, Pharmaceuticals, cosmetics, and food, Detergents and household products, and Other applications) and Geography (North America, APAC, Europe, MEA, and South America).
The North America region led the bio-based propylene glycol market in 2021, followed by APAC, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario