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Glycerol Carbonate Market Anticipated to Achieve 2.23 Billion by 2029, Driven by Industrial Grade Expansion; In-depth Regional and End-User Industry Analysis
Glycerol Carbonate Market
As of 2021, the global glycerol carbonate market achieved a valuation of approximately $1.25 billion and is anticipated to exhibit robust growth, reaching an estimated value of around $2.23 billion by 2029, with a projected Compound Annual Growth Rate (CAGR) of 7.43% during the forecast period. Glycerol carbonate holds a significant position within the chemical industry due to its intriguing properties and versatile applications. Its cost-effective nature makes it a promising material for the production of innovative polymeric substances like polycarbonates and polyurethanes.
This compound is derived from glycerol, a by-product of biodiesel manufacturing which utilizes natural vegetable oils and fats. With the rapid expansion of the biodiesel sector, the production of glycerol has increased, leading to a rise in glycerol waste. Players in the glycerol carbonate market are capitalizing on this situation by converting waste glycerol into valuable products, involving processes such as the reaction of carbon dioxide with methanol to ultimately produce glycerol carbonate, a vital chemical intermediate.
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Glycerol Carbonate Market Dynamics:
The escalating demand for polycarbonate (PC) and lithium batteries across diverse industries stands as a significant driving force and is anticipated to further propel the expansion of the glycerol carbonate market during the forecast period. Glycerol carbonate's attributes, encompassing biodegradability, polarity, and reactivity, position it as a favored raw material in the fabrication of polycarbonates, gasoline additives, and cleaning solvents. This compound offers an eco-friendly alternative for polycarbonate synthesis as it avoids the generation of toxic phenols or acids.
The continuous advancements in polycarbonate production methodologies and lithium battery technologies are opening new avenues of revenue for stakeholders in the glycerol carbonate market. This convergence of innovations has paved the way for a promising market trajectory. As a result, the global glycerol carbonate market is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 7.43% throughout the forecast period. This growth can be attributed to the elevated demand for glycerol carbonate as a vital component in polycarbonate manufacturing and lithium battery production.
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What is Glycerol Carbonate Market Segmentation:
by Grade
• Food grade
• Industrial grade
• Pharmaceutical grade
• Others
by Application
• Solvent
• Monomers
• Fuel additives
• Chemical intermediates
• Others
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Who are Glycerol Carbonate Market Key Players:
• Huntsman International
• UBE Industries Ltd.
• Inkemia Green Chemicals Inc.
• TCI Chemicals Pvt. Ltd.
• Carbone Scientific Co. Ltd.
• Acros Organics B.V.B.A.
• Glaconchemie GmbH
• Anhui Meisenbao Chemical Co. Ltd.
• ICC Industries B.V
• Hangzhou JandH Chemical Co. Ltd.
• Ambeed, Inc
• Cambridge Isotope Laboratories
• BOC Sciences
• Hangzhou Dayangchem Co. Ltd.
• AK Scientific, Inc.
• Hangzhou Meite Industry Co., Ltd
• Merck
• Leap Labchem Co., Ltd
• Santa Cruz Biotechnology
• Amadis Chemical Co. Ltd.
• Shanghai Chaining Chemicals Co. Ltd.
• Chemos GmbH and Co. KG
• Others
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Glycerol Carbonate Market Regional Insights:
In 2021, Asia Pacific was the dominant region and held the highest share 56.24% of the global glycerol carbonate market. During the forecast period, it is also expected to grow with the highest CAGR of approximately 4.43%. The rising usage of glycerol carbonate in the production of polycarbonate in countries such as China, Japan, Korea, Thailand, Taiwan, Singapore, and Malaysia are driving demand in this region. The Asia Pacific region's growing demand for lithium-ion batteries from the electronics and automotive industries are expected to drive the lithium-ion battery electrolyte market, and thus the glycerol carbonate market.
Table of content for the Glycerol Carbonate Market includes:
1. Global Glycerol Carbonate Market: Research Methodology
1. Global Glycerol Carbonate Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Glycerol Carbonate Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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