Global Glycerin Market– Industry Trends and Forecast to 2024 The glycerin market accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025. Global glycerin market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Unstable prices of petroleum products along with depleting resources of oil and increasing concerns over dependence on fossil fuels and increasing levels of CO2 in the atmosphere has increased the environmental concerns and thus, have provoked several government agencies to promote and create awareness and support the production of biofuels from edible crops. Global glycerin market is dominated Kuala Lumpur Kepong Berhad, followed by Wilmar International Ltd, Archer Daniels Midland Company, among others. Some of the major players operating in this market are:
Croda International Plc
Procter & Gamble
Kao Corporation
The Dow Chemical Company
Godrej Industries Ltd.
Emery Oleochemicals
Sakamoto Yakuhin kogyo Co. Ltd.
Solvay, among others
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors. On the other hand, availability of substitutes and low profitability may hinder the growth of the market.
The global refined glycerin market is expected to reach 3,069.53 thousand metric tons by 2024, from 1,546.95 thousand metric tons in 2016, growing at the highest CAGR of 9.1%.
The global biodiesel market is expected to reach 4,364.55 thousand metric tons by 2024, from 2,323.56 thousand metric tons in 2016, growing at a CAGR of 8.3%.
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Key Drivers: Global Glycerin Market
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors.
Availability of substitutes and low profitability may hinder the growth of the market.
Market Segmentation: Global Glycerin Market The Global glycerin market is segmented on the basis of grade, source, application and downstream.
On the basis of grade, the glycerin market is segmented into ;
Refined glycerin
Crude glycerin
Natural glycerin
Blonde glycerin
crude glycerin segment is expected to dominate the global glycerin market.
On the basis of source the Global glycerin market is segmented into
Biodiesel
Fatty acid
Fatty alcohol
Soap
Vegetable oils
Synthetic and others
Biodiesel is expected to dominate the global glycerin market.
On the basis of application the glycerin market is segmented into
Personal care
Food & beverage
Healthcare & pharmaceuticals
Oral care
Alkyd resins
Tobacco humectants and others
Personal care & cosmetic products is expected to dominate the global glycerin market.
On the basis of downstream the glycerin market is segmented into
Propanediol
Propylene glycol
Epichlorohydrin and others
Propanediol is expected to dominate the global glycerin market.
Points Which Are Focused In the Report 1. Industry Chain Suppliers of Glycerin market with Contact Information 2. The key findings and recommendations highlight crucial progressive industry trends in the Glycerin Market, thereby allowing players to develop effective long term strategies
3. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Glycerin market 4. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders 5.
To understand the future outlook and prospects for Glycerin market analysis and forecast 2018-2025.
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