Bio-Based Propylene Glycol Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Propylene glycol or 1, 2-propane-diol is one of the universal product that is used in modern life and is practically everywhere. It is derived industrially by processing petroleum products and has a very high demand due to which the global consumption of petroleum has increased by thousand metric tons per year. Propylene Glycol (PG) is used in a broad range of products; it can be found in fiberglass resins, antifreezes, foods, pharmaceuticals and cosmetics.
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Propylene glycol has been prepared by petroleum stocks but now days it is derived from corn starch and a special carbohydrate which is processed to make glycols. This processed and green derived propylene glycol is having a very high quality. The synthetic ingredient is derived from a renewable source which meets the requirement of the consumers and it also offers additional advantage of a pleasant and fruity odor. The chemical industry is highly dependent on fossil fuel for making variety of petrochemical products. As there are many benefits of renewable chemistry so the entire industry is shifting towards it, companies are demanding bio-based chemicals to achieve sustainability by commercializing bio-based chemicals. One of the elements which are in high demand and attracting attention to be generated from renewable source is propylene glycol.
The bio-based propylene glycol is in high demand due to its effective quality. These products have same area of applications as that of propylene glycol. Moreover it is a renewably derived product and helps in reducing the green house gas emissions. These products meet the standards of bio-preferred purchasing programs and also the specifications...