Press release
Glycine Market Size, Share, Development by 2024
To analyze the Glycine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Glycine is an organic compound and is known as the smallest of the 20 amino acids which are found in proteins. It is the only amino acid that does not form an L or D optical rotation. It is a colorless, sweet-tasting crystalline solid.
Scope of the Report:
Glycine can be classified into three types: food grade glycine, tech grade glycine and pharmaceutical grade glycine. Food grade glycine is widely used in food and feed industry. Pharmaceutical grade glycine is used in pharmaceutical industry. Tech grade glycine is widely used in pesticide industry; it is a key raw material of glyphosate. Survey results showed that 68% of the glycine market is pesticide industry, 15% is food industry, only 2.7% is pharmaceutical industry, with the development of economy, these industries will need more glycine. So, glycine has a huge market potential in the future.
Currently, there are two kinds of commonly used production process of glycine. It includes MCA method and Strecker method. Due to the different process, the major raw materials for glycine are different. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of glycine industry.
We tend to believe this industry is a mature industry, and the consumption increasing degree will show a low growth curve. As the pressure of environmental protection increases, the price will gradually increase. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
The worldwide market for Glycine is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 957.4 million US$ in 2024, from 804.5 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Glycine in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Ajinomoto
Yuki Gosei Kogyo
Showa Denko KK
GEO Specialty Chemicals
Chattem Chemicals
Paras Intermediates
Evonik
Avid Organics
Kumar Industries
Shijiazhuang Donghua Jinlong Chemical
Hebei Donghua Jiheng Chemical
Linxi Hongtai
Hubei Xingfa Chemicals Group
Zhenxing Chemical
Newtrend Group
Henan HDF Chemical
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Glycine-Food Grade
Glycine-Tech Grade
Glycine-Pharma Grade
Market Segment by Applications, can be divided into
Pesticide Industry
Feed Industry
Food Industry
Pharmaceuticals Industry
Other
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-glycine-market_p130079.html
Related Information:
North America Glycine Market Growth 2019-2024
United States Glycine Market Growth 2019-2024
Asia-Pacific Glycine Market Growth 2019-2024
Europe Glycine Market Growth 2019-2024
EMEA Glycine Market Growth 2019-2024
Global Glycine Market Growth 2019-2024
China Glycine Market Growth 2019-2024
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