Press release
Glycerin Market Projected to Hit $3.12 Billion At 6.8% CAGR to 2021
The global market for glycerin is projected to reach $3.12 Billion by 2021, at a CAGR of 6.8% during the forecast period.The global glycerin industry is witnessing growth on account of increasing applications, and increasing demand in the Asia-Pacific region, mainly from China, Japan, and India. Also, the growing demand for glycerin in chemical intermediate production is expected to drive market growth.
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The single most long term growth potential for glycerin in the personal care segment is from the rapid urbanization, increasing disposable incomes, and growing preference for natural ingredients among consumers. However, oversupply and low profitability may hamper the growth of the glycerin market.
In 2015, biodiesel-based glycerin accounted for the largest share in the overall market. Glycerin is produced as a by-product during the production of biodiesel. Crude glycerin manufactured during this process accounts for around 10% of the total biodiesel production. The growing demand for natural ingredients across end-use industries such as cosmetics, food & beverages, and personal care industry is expected to benefit the growth of glycerin derived from vegetable oils.
Global glycerin manufacturers include
1. Emery Oleochemicals (Malaysia),
2. IOI Oleochemicals (Malaysia),
3. Wilmar International (Singapore),
4. KLK Berhad (Malaysia),
5. Godrej Industries (India),
6. Croda International Plc (U.K.),
7. Cargill Incorporated (U.S.),
8. P&G Chemicals (U.S.),
9. Kao Corporation (Japan),
10. Avril Group (France), among others.
These manufacturers focus on expanding their regional presence by undertaking the expansions, mergers & acquisitions, and new product developments strategies.
Browse complete report on Glycerin Market by Process (Transesterification, Saponification, Fat Splitting), Source (Vegetable Oils, Biodiesel, Soaps, Synthetic), Application (Industrial, Chemical intermediates), Grade, Region - Global Forecast to 2021 with 151 pages, 106 tables & 45 figures, Now available at
http://www.rnrmarketresearch.com/glycerin-market-by-process-transesterification-saponification-fat-splitting-source-vegetable-oils-biodiesel-soaps-synthetic-application-industrial-chemical-intermediates-grade-region-global-forecast-to-2021-market-report.html
Key Target Audience:
1. Manufacturers of glycerin and its raw materials
2. Manufacturers in application industries
3. Traders, distributors, and suppliers of glycerin
4. Regional manufacturer associations and general glycerin associations
5. Government and regional agencies and research organizations
The glycerin market is segmented on the basis of process, source, grade, application, and region. In terms of process, transesterification accounted for the largest share of the market globally in 2015. Transesterification is the most common glycerin producing process currently across the globe, and in this process, triglycerides react with alcohols in the presence of catalysts. Fat splitting is expected to witness fastest growth during the forecast period.
Scope of the Report:
The glycerin market is segmented as follows:
On the basis of Process:
1. Transesterification
2. Saponification
3. Fat Splitting
On the basis of Source:
1. Vegetable oils
2. Biodiesel
3. Soaps
4. Synthetic
On the basis of Grade:
1. Technical grade
2. Pharmaceutical grade
Access complete report on glycerin market @
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On the basis of Application:
1. Industrial
2. Chemical Intermediates
On the basis of Region:
1. North America
2. Europe
3. Asia-Pacific
4. Middle East & Africa
Browse related report:
Antifreeze/Coolant Market by Product Type (Ethylene Glycol and Propylene Glycol), Application (Automobiles and Industrial), and Region - Global Forecast to 2021
http://www.rnrmarketresearch.com/antifreeze-coolant-market-by-product-type-ethylene-glycol-and-propylene-glycol-application-automobiles-and-industrial-and-region-global-forecast-to-2021-market-report.html
This research report is focused on various levels of analyses—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the glycerin market; high-growth regions; and market drivers, restraints, and opportunities.
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