Press release
Polyglycerol Industry Expected to Reach $3.77 Billion by 2029 at 9.1% CAGR
Polyglycerol
Polyglycerol Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the polyglycerol market has seen substantial growth. The market is projected to increase from $2.48 billion in 2024 to $2.66 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The growth during the historical period is linked to factors such as intensified demand for biodegradable items, augmented consumer awareness, favorable regulations, growth of the personal care sector, and increased investment in research and development.
What Will Be the Market Growth Forecat for Polyglycerol in 2029?
Expectations are high that the polyglycerol market will experience substantial expansion in the coming years. The projected market size by 2029 is set to reach $3.77 billion, with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this predicted growth during the forecast period encompass the rising usage of biopolymers, progress in the field of green chemistry, a burgeoning cosmeceuticals sector, as well as an upward trend in the pharmaceutical sector. Emerging trends that are expected to shape this market during the forecast window include the patterns associated with bio-based material, innovations within the surfactant industry, the influence of global population growth, a notable increase in the consumer demand for eco-friendly products and strategic partnerships and collaborations.
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What Are the Core Competitive Drivers in the Polyglycerol Industry?
The surge in polyglycerols utilization within the healthcare sector is anticipated to stimulate the polyglycerols market's expansion. The healthcare sector encompasses enterprises offering medical care, creating medical appliances or medications, proffering medical insurance, and providing patient care. Polyglycerols are employed as emulsifiers, dispersants, and penetrants in the medicinal realm and as emulsifiers for balms, pills, oral fluids, and injections. Hence, their escalated use in the healthcare domain propels the growth of the polyglycerols market. For example, in March 2022, the Centres for Medicare & Medicaid Services (CMS), a federal agency part of the United States Department of Health and Human Services, revealed in the National Health Expenditure (NHE) report that the annual upswing in national health expenditure would likely average 5.1% from 2021 to 2030, finally amounting to roughly USD 6.8 trillion by 2030. Thus, the heightened utilization of polyglycerols in the healthcare sector fuels the ascension of the polyglycerol market.
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Which Polyglycerol Market Segment Is Projected to See the Fastest Growth?
The polyglycerol market covered in this report is segmented -
1) By Type: Polyglycerol Polyricinoleate, Polyglycerol Esters, Polyglycerol Sebacate
2) By Application: Food Additives, Emulsifiers, Stabilizers, Other Applications
3) By End-Use: Food And Beverage, Personal Care And Cosmetics, Pharmaceuticals, Other End Users
Subsegments:
1) By Polyglycerol Polyricinoleate: Food Grade, Industrial Grade
2) By Polyglycerol Esters: Polyglycerol Monostearate, Polyglycerol Distearate, Polyglycerol Tristearate
3) By Polyglycerol Sebacate: Cosmetic Grade: Pharmaceutical Grade
Which Trends Are Opening New Opportunities in the Polyglycerol Market?
The introduction of novel products is a leading trend being observed in the polyglycerol market. Prominent companies in the polyglycerol industry are concentrating on creating advanced solutions to maintain their market position. For example, in October 2023, Germany's chemical firm, BASF SE, rolled out a bio-based polymer named EcoPAX. This product, tailored for sustainable packaging systems, not only boosts performance, but also lessens the environmental footprint. EcoPAX is produced from reusable resources and attempts to fulfill the escalating requirement for environmentally friendly materials in the packaging sector.
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Who Are the Leaders in the Polyglycerol Market?
Major companies operating in the polyglycerol market include Sakamoto Yakuhin kogyo Co Ltd., Spiga Nord S p A, Lonza Group, Taiyo Kagaku Co Ltd., Estelle Chemicals Pvt Ltd., SPELL ORGANICS LTD, Oleon NV, Croda International Plc, Binzhou GIN&ING New Material Technology, Abitec Corporation, Daicel Corporation, Riken Vitamin Co. Ltd., Cargill Incorporated, Savannah Surfactants, INOVYN, BASF SE, NOVEL CHEM, Jinan Dowin Chemical Technology Co Ltd., Mitsubishi Chemical Holdings Corporation, Mohini Organics Pvt Ltd., Palsgaard, DuPont, Foodchem International Corporation, Venus Ethoxyethers Pvt. Ltd, Stepan Company, Merck KGaA, Procter & Gamble, Solvay S.A., Unilever plc
Which Regional Polyglycerol Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the polyglycerol market in 2024. The regions covered in the polyglycerol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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