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North America Glycerin Market Is Divine to Spread 1,355.24 Thousand Metric Tons by 2024 With Dominating Players Like Archer Daniels Miland, Procter & Gamble and Cargill
North America Glycerin Market
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The major factors driving the growth of this market are raising demand for bio-renewable chemicals. The glycerin market in the North America region is leading in U.S.
Market Segmentation: North America Glycerin Market
The North America glycerin market is segmented on the basis of grade, source, application and downstream. On the basis of grade, the NA glycerin market is segmented into; refined glycerin, crude glycerin, natural glycerin and blonde glycerin. In 2017, crude glycerin segment is expected to dominate the NA glycerin market with 63.0% market share and is expected to reach 780.72 thousand metric tons by 2024, growing with a CAGR of 6.5% in the forecast period 2017 to 2024.
On the basis of source the North America glycerin market is segmented into biodiesel, fatty acid, fatty alcohol, soap, vegetable oils, synthetic and others. In 2017, biodiesel is expected to dominate the NA glycerin market with 63.3% market share and is expected to reach 922.79 thousand metric tons by 2024, growing with a CAGR of 8.7% in the forecast period 2017 to 2024.
On the basis of application the NA glycerin market is segmented into personal care, food & beverage, healthcare & pharmaceuticals, oral care, alkyd resins, tobacco humectants and others. In 2017, personal care & cosmetic products is expected to dominate the NA glycerin market with 26.1% market share and is expected to reach 413.45 thousand metric tons by 2024, growing with a CAGR of 9.8% in the forecast period 2017 to 2024.
On the basis of downstream the NA glycerin market is segmented into Propanediol, Propylene glycol, Epichlorohydrin and others. In 2017, propanediol is expected to dominate the NA glycerin market with 40.5% market share and is expected to reach 515.48 thousand metric tons by 2024, growing with a CAGR of 6.9% in the forecast period 2017 to 2024.
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Key Drivers: North America Glycerin Market
The major factors driving the growth of this market is raising demand for bio-renewable chemicals and rising number of applications in various industrial sectors.
Key Points: North America Glycerin Market
North America glycerin market is dominated by Archer Daniels Miland Company followed by Procter & Gamble and Cargill.
Crude glycerin segment is expected to dominate the NA glycerin market.
The glycerin market in the North America region is leading in U.S.
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