Bio-Based Propylene Glycol: Increasing Petroleum Consumption towards Renewable Chemistry Industries - Market Growth 2016

Bio-Based Propylene Glycol: Increasing Petroleum Consumption towards Renewable Chemistry Industries - Market Growth 2016 - 2024

Global Bio-Based Propylene Glycol Market: Overview

Propylene glycol has a very high demand due to the significantly high petroleum consumption globally. In addition, propylene glycol can be found in diverse products such as fiberglass resins, foods, antifreezes, cosmetics, and pharmaceuticals. This broad range of applications has a considerable influence on the global bio-based propylene glycol market. The ubiquity of the product augur well for its increasing demand. With the global petroleum consumption increasing by a thousand metric ton every year, the market stands profound chances of exhibiting robust growth over the course of the forecast period between 2013 and 2019.

All the recent developments that have occurred in the global bio-based propylene glycol market is accounted in the report. In many ways it is all en-compassing as it compiles detailed assessment of the various factors influencing the market’s trajectory between 2013 and 2019. It provides market insights based on results obtained from Porter’s five forces analysis. The analysis factors bargaining position of suppliers and buyers, threat from substitutes and new entrants, and degree of competition in the market to uncover opportunities for both new and existing market participants.

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Global Bio-Based Propylene Glycol Market and Opportunities

The chemical industry makes various petrochemical products using fossil fuel. However, the industry is slowly shifting towards renewable chemistry realizing the benefits it offers. The demand for bio-based chemicals has thus increased as the chemical industry aims for sustainability and commercialization of their products. Bio-based propylene glycol is obtained from renewable sources and can be put to diverse application, which is a key factor fuelling its demand in the chemical industry.

Besides helping the industry successfully address emission concerns, bio-based propylene glycol also coheres with the government regulations. This is a key factor fuelling its demand across industries. Furthermore, bio-based propylene glycol is used in nearly all cosmetics applications and it offers a fruity fragrance, which provides big advantage to the industry producing perfumes and colognes.

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There is rising demand for products derived from renewable sources, which provides a wide opportunity to bio-based chemicals. Furthermore, the increasing use of bio-based propylene glycol across industries and recent developments in biotechnology hold significant growth opportunities for the market.

Global Bio-Based Propylene Glycol Market: Regional Outlook

Regionally, the global bio-based propylene glycol market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. Among these, the market will witness rising demand from Asia Pacific. The growth of end-user industries such as construction, transportation, and marine will aid the expansion of the bio-based propylene glycol market in the region.

Global Bio-Based Propylene Glycol Market: Vendor Landscape

In order to study the vendor landscape, the report includes profiles of some of the leading companies, whose strategies have a profound impact on the market. For instance, SWOT analysis is conducted on Dow Chemicals, Ashland, Cargill, BASF, ADM, and others to gauge their strengths and weaknesses. The analysis also provides details pertaining to the threats and opportunities that these companies are expected to witness over the course of the forecast period.

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

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