Press release
Glycine Market Size, Share, Development by 2024– Top Key players like Ajinomoto,Evonik,Linxi Hongtai,Inc.
This report focuses on the key global Glycine players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
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.
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.
According to this study, over the next five years the Glycine market will register a 3.8% CAGR in terms of revenue, the global market size will reach US$ 923.4 million by 2024, from US$ 764.9 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Glycine business, shared in Chapter 3.
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 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
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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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1Indicator Chemical nameZinc glycine [https://www.sustarfeed.com/zinc-glycine-chelate-glycine-zinc-complex-compound-white-crystalline-powder-animal-feed-additive-product/] chelate
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