Rapid growth in the cosmetic sector to augment the global glycidol market outlook by 2026

The demand for glycidol is likely to grow at an exponential rate on account of increasing inclination towards personal grooming & hygiene and a growing prevalence of chronic diseases. Glycidol finds multiple applications across diverse industry verticals ranging such as pharmaceutical products owing to its remarkable advantages like 100% bio-based molecule and zero presence of chlorine.

Growing awareness over the benefits of personal hygiene and health, especially during the ongoing COVID-19 pandemic, could boost the demand for disinfectants and laundry. In addition to this, its rising usage in surface active compounds like moisturizers, shampoos and skin creams could enhance product demand. Based on such aspects, Global Market Insights, Inc., estimates that the glycidol market might reach USD 180.52 million by the year 2026.

Growing applications of glycidol in manufacturing biocides and pharmaceutical drugs might enhance the business outlook over the forthcoming years. Surging incidence of healthcare-associated infections along with the growing demand for antiseptics to cure infections in damaged skin and mucous membranes might drive the adoption of biocides. Estimates suggest that the biocides segment could touch USD 5.5 million by the end of the forecast period of 2026.

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In terms of distribution channels, the glycidol
market is mainly divided into online and offline channels. Out of these, the online distribution channel is gaining tremendous traction as more consumers opt for online platforms to buy glycidol-based products. Convenient features like simplified purchasing systems and the ability to compare prices of various products are making online platforms more preferable than offline stores. As a result, numerous distributors are registering themselves on these e-commerce sites to provide a rich shopping experience to customers.

According to regional outlook, Europe is considered to be a lucrative growth for glycidol market. It is estimated that the regional market could surpass USD 35 million within the analysis period. This growth can be attributed to the shifting trends among locals towards personal grooming. The European cosmetics and personal care industry is experiencing heavy demand given to this trend. Reports indicate that, earlier in 2019, the regional personal care and the cosmetic market was valued at USD 94.46 billion.

Companies operating in the glycidol market are looking to form strategic alliances with multiple players and companies from different sectors to enhance their product portfolio and manufacturing capabilities. Additionally, companies are also undertaking inorganic business strategies like acquisitions and mergers to improve their market share.

Taking February 2018 for instance, Green Lizard Technologies (GLT) joined forces with Felda Global Ventures and Dixie Chemicals to develop eco-friendly glycidol with the help of unpurified waste glycerol and dimethyl carbonate. Currently, companies like HBCChem, Meryer (Shanghai) Chemical Technology, Fujifilm Wako Pure Chemical Corporation, Nacalai Tesque, Kanto Chemical Co, LGC Group and Acros Organics are leading the industry landscape with their pioneering product offerings.

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