Press release
Glycerol Market to Reach USD 5.1 Billion by 2031
Glycerol Market
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Key Report Highlights:
Source Segmentation: The report categorizes glycerol sources into Biodiesel, Fatty Alcohol, Fatty Acid, and Others.
Product Segmentation: Glycerol products are classified into Refined Glycerin and Crude Glycerin.
End-use Industries: The report analyzes glycerol's application in Personal Care, Food & Beverages, Pharmaceuticals, and other sectors.
Drivers, Restraints, and Opportunities:
The market growth is propelled by the increased adoption of natural products and the rise in biodiesel production. However, fluctuating raw material prices pose challenges, mitigated by the surge in demand from emerging economies.
Key Industry Players:
Emery Oleochemicals
Kao Corporation
Oleon NV
Wilmar International Ltd.
IOI Oleochemical
Musim Mas Group
Ecogreen Oleochemicals
KLK OLEO
Croda International
Procter & Gamble Chemicals
Covid-19 Impact:
The pandemic heightened awareness of personal hygiene, leading to a surge in glycerol demand for hand sanitizers. This trend is expected to persist post-pandemic.
Biodiesel Dominates:
The biodiesel segment held a significant share in 2020, contributing three-fifths to the global glycerol market. It is projected to witness the fastest CAGR of 2.0%, driven by increased biofuel demand.
Refined Glycerol's Ascendancy:
In the product segment, refined glycerol held over three-fourths of the market in 2020 and is anticipated to exhibit the fastest CAGR of 1.8% from 2021 to 2030. Growing demand from pharmaceutical, personal care, and food & beverages industries fuels this growth.
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Regional Insights:
Asia-Pacific: Led the market in 2020, capturing half of the global share. Expected to maintain the fastest CAGR of 1.9%, driven by demand from pharmaceutical, personal care, and food industries.
Europe and North America: Followed Asia-Pacific in 2020.
This data-rich report provides a comprehensive analysis of the glycerol industry, outlining key trends, challenges, and growth opportunities.
For More Details: https://www.prnewswire.com/news-releases/glycerol-market-to-garner-5-1-billion-globally-by-2031-at-1-7-cagr-says-allied-market-research-301567351.html
More Related Reports:
Glycerol diacetate Market : https://www.alliedmarketresearch.com/glycerol-diacetate-market-A13661
world oxo alcohol market : https://www.alliedmarketresearch.com/oxo-alcohol-market
Natural Fatty Alcohols Market : https://www.alliedmarketresearch.com/natural-fatty-alcohols-market
Alcohol Enzymes Market : https://www.alliedmarketresearch.com/alcohol-enzyme-market-A07963
Diacetone Alcohol Market : https://www.alliedmarketresearch.com/diacetone-alcohol-market-A13825
Get complete report details @ https://www.alliedmarketresearch.com/glycerol-market-A16434
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