Glycerol Market size worth $3.04bn by 2022
Request for a sample of this research report @ http://bit.ly/2crxwvm
Glycerol market size is set to reach USD 3.04 billion by 2022. Changing environmental priorities with increasing customer spending on medicines, food & beverage, and personal care products is anticipated to propel demand.
Bio diesel was preferred source accounting over 65% of global market share. REACH regulations meant for reducing dependence on crude oil by simultaneously promoting the production of bio-based alternative such as bio-diesel may drive demand. Personal care & pharmaceuticals application accounted over 950 kilo tons and is forecast to witness steady gains over 6.5% CAGR up to 2023. Glycerol offers nutritional value & healing properties which makes them desirable across personal care and pharmaceuticals application. Increasing health awareness coupled with improving lifestyles of customers mainly in APAC & LATAM may drive product demand.
Glycerol downstream potential applications include epichlorohydrin, 1-3 propanediol and propylene glycol. Glycerol holds potential as a chemical platform for renewable production of chemicals. It provides an environmental friendly and economical alternative for petrochemical based products. Surging demand for alternative fuel should drive oleochemical demand. Oleochemical demand may witness growth owing to increased need for biodegradable and sustainable products. Glycerol is bio-degradable and non-toxic making it a suitable substitute to DEG and propylene glycol.
Make an inquiry for purchasing this report @ http://bit.ly/2cFxnTW
Alkyd resins application may observe gains at over 6% CAGR. These are used in making protective coatings as paints, varnishes and enamels. Growing construction industry coupled with rapid industrialization & increasing renovation activities is forecast to propel product demand. Europe may witness sluggish gains at 5.5% CAGR. Cosmetic demand in Germany, France, and UK were significant and is likely to boost glycerol demand as moisturizer in personal care products.
However, uncertain feedstock supply is expected to hinder market growth and affect glycerol market price trend owing to increasing food consumption. Global vegetable oil consumption was 122 million tons in 2008 and increased over 170 million tons by 2014.
Key insights from the report include:
Global glycerol market size is estimated to reach 4.1 million tons by 2022, with estimated gains at 6.6% CAGR. Growing consumer consciousness towards health & hygiene accompanied by rise in middle class disposable income has led to end use expansion, fueling demand.
APAC, led mainly by India, China, Japan, Malaysia and Indonesia glycerol market size, was dominant region accounting over 35% of total revenue. Growth in construction spending coupled with increasing alkyd resins demand in machinery & construction may propel product demand. Asia Pacific fatty alcohol market size may reach over 170 kilo tons by 2023 with 8.1% CAGR.
Food & beverage application was valued above USD 220 million in 2014. Glycerol has application across food preservatives, sweeteners, solvent, and humectants. Furthermore, it is used as sugar substitute. Enhancing lifestyles of end users may positively impact market size. European Union’s Foods Standards Agency has declared glycerol in food additives resulting in increased application scope.
North America fatty acid market size may witness 4.9% CAGR and reach close to 140 kilo tons.
Global glycerol market share is consolidated with four major companies accounting over 65% in 2015. Major industry participants include IOI group, Wilmar International, KL Kepong, and Emery Oleochemicals.
Other notable participants include, Dow Chemical, P&G, Solvay SA, BASF, Sofiproteol Group, Godrej Industries, Kuala Lumpur Kepong Berhad, Croda International, Archer Daniel Midland, United Coconut Chemicals, Vitusa Products, Cargill, Ecogreen Oleochemicals and Evonik.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
29L Atlantic Avenue,
Suite L 105, Ocean View,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Glycerol Market size worth $3.04bn by 2022 here
News-ID: 366120 • Views: 525
More Releases from GMI
Flight Inspection Market Revenue, Opportunity, Segment and Key Trends (Safran El …
Flight Inspection Market is segmented as commercial airports and defense airports. Increasing defense budgets by major countries in the world drives the demand for defense flight inspection market. Increasing investment in modernization & development of defense airports and use of defense airports for strategic purpose will boost the industry demand. Frequent domestic & international flights and increasing travel for business purpose will increase revenue share from commercial segment. Request For Table
Europe and Asia Pacific also had a substantial share of the diabetic food market …
Diabetic Food Market size will grow at a fast pace in the forecast period. Factors responsible for the product growth are its wide application in the healthcare sector which includes preparation of medical food and insulin, tackling diabetic incidences, and other health issues like digestive disorder & obesity. Increase in aging population and growing consumer awareness about the benefits of healthy food consumption will contribute to the diabetic food market
Changing dietary preferences, strong awareness levels and industry focus could s …
Pea protein market size was 11.5 kilo tons in the year 2015 and is expected to go beyond 33 kilo tons till 2023 with a CAGR of 13.5% between the years 2026 to 2023 as per the study done by Global Market Insights. These rising figures are due to increasing awareness about healthy diets and this is going to expedite the market trend in the coming years. Because of diversity
North America will be dominating the global market. It is the fastest growing ec …
Vegetable Fats Market size will witness a substantial growth, the vegetables fat is considered a fat, which is originated from plant based sources rather than animal based sources. Vegetable fats are used in bakery application, ice cream manufacturing, meat products, dairy products, frying fats and deep, confectionery and infant nutrition. These fats are considered healthy as they are available as unsaturated fat. The food which contains vegetable oil is good
More Releases for Glycerol
Global Glycerol Triacetate Market Analysis & Forecast 2019
In the recently published report, QY Research has provided a unique insight into the global Glycerol Triacetate market for the forecasted period of 7-years (2019-2025). The report has covered the significant aspects that are contributing the growth of the global Glycerol Triacetate market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting the global Glycerol Triacetate
Glycerol Market Share, Growth, Size, Trends and Forecast by 2025
The Glycerol market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Glycerol. This study focuses on the production side and consumption side of Glycerol, presents the global Glycerol market size
Glycerol Esters Market to Witness Steady Growth through 2016-2026
The chemical compounds derived from an acid, which contains at least an alkyl group (–O) replacing the hydroxyl group (–OH) are known as esters. Glycerol esters are one of the prominent classes of lipids. Glycerol esters, also known as glycerides, or acylglycerols have three hydroxyl groups. These functional hydroxyl groups can be esterified with either one, two, or three fatty acid groups in order to form monoglycerides, diglycerides, and triglycerides
Glycerol Formal (CAS 4740-78-7) Market Report 2017
Browse the full table of contents and data tables: https://www.reportsandmarkets.com/reports/emea-europe-middle-east-and-africa-report-2017-1541212 In this report, the EMEA Glycerol Formal (CAS 4740-78-7) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Request a sample copy: https://www.reportsandmarkets.com/sample-request/emea-europe-middle-east-and-africa-report-2017-1541212 Geographically, this report split EMEA into Europe, the Middle East and Africa, With sales (K
Glycerol Tristearate Market Size 2017 Esteem Industries, Estelle Chemicals, Lonz …
Glycerol Tristearate Market Research Report A market study ” Global Glycerol Tristearate Market ” examines the performance of the Glycerol Tristearate market size 2017. It encloses an in-depth Research of the Glycerol Tristearate market state and the competitive landscape globally. This report analyzes the potential of Glycerol Tristearate market in the present and the future prospects from various angles in detail. The Global Glycerol Tristearate Market 2017 report includes Glycerol Tristearate market
Glycerol Market - Global Industry Analysis 2018
The global demand for glycerol was 1,781 kilo tons in 2009 which increased to 1,884.3 kilo tons in 2010. The global market for glycerol is expected to grow at a CAGR of 6.3% from 2012 to 2018. The growing demand for glycerol from the major end use industries such as personal care & pharmaceuticals and foods & beverages is acting as one of the major factors boosting the market. The