Global bio-based propylene glycol market is estimated to grow at a CAGR of 8.19% during the period 2016-2020, as per ReportsnReports.com. According to the bio-based propylene glycol market 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. 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.
09-May-16 
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