Press release
Glycidol Market Size To Grow At A CAGR Of 5.5% In The Forecast Period Of 2024-2032
Glycidol, an organic compound, is an epoxide that is commonly used in the synthesis of a multitude of chemicals. It is a versatile building block in the production of polymers, detergents, and various chemical intermediates. Besides its utility in the chemical industry, glycidol possesses properties that make it invaluable in the pharmaceutical, cosmetic, and food sectors.
The chemical industry is experiencing a rising demand for glycidol due to its utility as a precursor to polymers and other complex compounds. Its capability to produce high-quality polymers has ushered in innovative solutions, especially in the manufacturing of plastics, resins, and coatings. These polymers, due to their superior properties, find applications in automotive, construction, and packaging industries, thereby indirectly driving the glycidol market growth.
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Another burgeoning domain for glycidol is the pharmaceutical sector. As the global populace becomes more health-conscious and access to healthcare improves, there is an expanding demand for pharmaceuticals. Glycidol plays a role in the synthesis of several pharmaceutical intermediates, enhancing drug efficiency and delivery. With the pharma industry's growth trajectory, the glycidol market is set to benefit.
The cosmetic and personal care industry also contributes to the glycidol market demand. Employed as a skin conditioning agent and in the synthesis of certain cosmetic chemicals, glycidol aids in formulating products that cater to the consumer's evolving needs. The boom in the cosmetic industry, driven by rising disposable incomes and heightened beauty standards, inadvertently boosts the glycidol market.
Furthermore, glycidol, due to its stabilising properties, is under scrutiny for potential uses in the food and beverage sector. Though its direct application in food remains controversial due to potential health concerns, its derivatives hold promise. As the food industry consistently seeks innovative solutions, glycidol and its derivatives could play a significant role in the future, which might influence the glycidol market outlook.
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Market Segmentation
The market can be divided based on type, application, distribution channel, and region.
Market Breakup by Type
• Glycidol below 95%
• Glycidol 96%
• Glycidol 97%
• Glycidol more than 97%
Market Breakup by Application
• Production of Surface-Active Compounds
• Additives in Plastics
• Paints
• Photographic Chemicals
• Pharmaceuticals
• Biocides
• Others
Market Breakup by Distribution Channel
• Online
• Offline
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global glycidol market. Some of the major players explored in the report by Expert Market Research are as follows:
• LGC Group
• HBCChem, Inc.
• Acros Organics
• Fujifilm Wako Pure Chemical Corporation
• Nacalai Tesque Inc.
• Others
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