Press release
Glycerin Market Market Gaining With Healthy Growth Rate And Dominating Players Like Croda, Archer Daniels, Procter & Gamble, Kao Corporation and More With 2018 - 2025 Forecast
Glycerin Market
Global glycerin market is expected to reach 6,261.75 thousand metric tons by 2024 from 3,551.00 thousand metric tons in 2016, at a CAGR of 7.5%.
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Key Drivers:
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors.
Availability of substitutes and low profitability may hinder the growth of the market..
Key Points:
Global glycerin market is dominated Kuala Lumpur Kepong Berhad, followed by Wilmar International Ltd, Archer Daniels Midland Company, among others.
The global refined glycerin market is expected to reach 3,069.53 thousand metric tons by 2024, from 1,546.95 thousand metric tons in 2016, growing at the highest CAGR of 9.1%.
The global biodiesel market is expected to reach 4,364.55 thousand metric tons by 2024, from 2,323.56 thousand metric tons in 2016, growing at a CAGR of 8.3%.
North American Industry Segmentation:
North America glycerin market is expected to reach 1,355.24 thousand metric tons by 2024 from 756.36 thousand metric tons in 2016, at a CAGR of 7.7% in the forecast period 2017 to 2024. 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.
Europe’s Industry Segmentation:
Europe glycerin market is expected to reach 1,467.61 thousand metric tons by 2024, from 901.95 thousand metric tons in 2016 growing at a CAGR of 6.4% in the forecast period 2017 to 2024. The major factors driving the growth of this market are growth in biodiesel production and wide range of application in various industrial sectors. The glycerin market in the Europe region is leading in Germany.
Asia-Pacific’s Industry Segmentation:
The Asia-Pacific glycerin market is expected to reach 2,791.51 thousand metric tons by 2024, from 1,466.56 thousand metric tons in 2016 growing at a CAGR of 8.5% in the forecast period 2017 to 2024. The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors.
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Global Market Segmentation:
The Global glycerin market is segmented on the basis of grade, source, application and downstream. On the basis of grade, the Global glycerin market is segmented into ; refined glycerin, crude glycerin, natural glycerin and blonde glycerin. In 2017, crude glycerin segment is expected to dominate the Global glycerin market with 49.1% market share and is expected to reach 2,783.10 thousand metric tons by 2024, growing with the highest CAGR of 6.0% in the forecast period 2017 to 2024.
On the basis of source the Global glycerin market is segmented into biodiesel, fatty acid, fatty alcohol, soap, vegetable oils, synthetic and others. In 2017, biodiesel is expected to dominate the Global glycerin market with 66.0% market share and is expected to reach 4,364.55 thousand metric tons by 2024, growing with a CAGR of 8.3% in the forecast period 2017 to 2024.
On the basis of application the Global 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 Global glycerin market with 29.4% market share and is expected to reach 2,056.36 thousand metric tons by 2024, growing with a CAGR of 9.2% in the forecast period 2017 to 2024.
On the basis of downstream the Global glycerin market is segmented into Propanediol, Propylene glycol, Epichlorohydrin and others. In 2017, propanediol is expected to dominate the Global glycerin market with 40.6% market share and is expected to reach 2,399.11 thousand metric tons by 2024, growing with a CAGR of 6.6% in the forecast period 2017 to 2024.
Table of Content
1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL GLYCERIN MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
2.8. ASSUMPTIONS
3. MARKET OVERVIEW
3.1. DRIVERS
3.1.1. GROWING PREFERENCE FOR BIO-RENEWABLE CHEMICALS
3.1.2. GROWTH IN BIODIESEL PRODUCTION
3.1.3. WIDE RANGE OF APPLICATION IN VARIOUS INDUSTRIAL SECTORS
3.2. RESTRAINTS
3.2.1. AVAILABILITY OF SUBSTITUTES
3.2.2. LOW PROFITABILITY
3.3. OPPORTUNITIES
3.3.1. RISING AWARENESS OF ENVIRONMENTAL RESPONSIBILITY AND INCREASED FOCUS OF MANUFACTURERS TOWARDS SUSTAINABLE MANUFACTURING TECHNIQUES
3.3.2. GOVERNMENT INITIATIVES TO PROMOTE MANUFACTURING OF BIODIESEL RESULTING IN INCREASED SUPPLY OF GLYCERINE
3.4. CHALLENGES
3.4.1. THE SUPPLY OF GLYCERIN HIGHLY DEPENDS ON THE BIODIESEL PRODUCTION
3.4.2. FLUCTUATIONS IN THE PRICE OF RAW MATERIALS
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL GLYCERIN MARKET, BY GRADE
6.1. OVERVIEW
6.2. CRUDE GLYCERIN
Continue…
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