Industry Outlook and Trend Analysis
The
glycerol market was valued around USD 1.89 billion in 2014 and is expected to
reach roughly USD 3.07 billion by the end of 2022 while registering itself at a
compound annual growth rate (CAGR) of 5.44% during the forecast period.
Glycerol is a sweet, thick, colorless sugar polyol compound showing hygroscopic
and solvent properties. It is also known as glycerin and it is an essential
constituent of all the triglycerides. Glycerol can be
natural or synthetic relying upon the raw materials utilized for its
manufacturing. Some of the glycerol manufacturing procedures include hydrolysis, transesterification, and saponification. Glycerol
contains high nutrition values and excellent non-toxicity that makes it widely
useful in various consumer products. It is utilized in various applications
such as to antifreeze chemicals and explosives, food sweeteners and
preservatives, widely relying on its chemical features. Prevailing applications
of biofuels and rising requirement of oleochemicals are anticipated to boost the
growth of this market. It is potential as a stage synthetic for inexhaustible
chemicals generation hold scope as interchange alternatives are investigated
for efficient plausibility. However, unstable supply of feedstock may hamper
the growth of this market. Low edges for refining procedures may additionally
prevent the market development.
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Competitive Insights
The global glycerol
market contains several major companies such as United Coconut Chemicals,
Incorporated, Wilmar International, Procter and Gamble Chemicals, Dow Chemical
Company, Kao Corporation, Solvay S.A, Twin Rivers Technologies, Pacific
Oleochemicals Sdn Bhd, Godrej Group, Henkel North American Consumer Goods,
Emery Oleochemicals, Sakamoto Yakuhin Kogyo Company Ltd, Archer Daniels Midland,
Vitusa Products Inc and Croda International.
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The global glycerol
market is segmented as follows-
By Source
- Fatty alcohols
- Biodiesel
- Fatty acids
- Soap industry
By Application
- Polyether polyols
- Personal care & pharmaceuticals
- Tobacco humectants
- Foods & beverages
- Alkyd Resins
- Others
By Region
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
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