Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive improvements
of the key players regarding market advancements, item portfolios, and
financials
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The
Report Contains
Glycerol
Market Size By Source (Biodiesel, Fatty Acids, Fatty Alcohols), By Application
(Personal Care, Alkyd Resins, Polyether Polyols Applications), Downstream
Opportunities, Competitive Analysis & Forecast, 2012 - 2022
Industry
Overview
Global
glycerol market size was estimated at USD 1.64 billion in 2014 and is estimated
to grow at 7.9% from 2015 to 2022.
Also
known as glycerin when commercial material contains over 95%, some notable
applications include food industry, pharmaceuticals, personal care and
healthcare. Commercial production routes include saponification and
transesterification processes; epichlorohydrin route is not majorly used as
owing to its economic infeasibility. As of 2014, over 65% of glycerol is
obtained as a by-product of bio-diesel production.
Surging
cosmetics demand in European countries such as Germany, France and UK is
expected to drive glycerol market demand, particularly as a moisturizer in personal
care products. Being a sugar free and lecithin enriched nutrient, along with
the presence of these nutrients is expected to drive growth as a nutritional
food supplement.
Global
oleochemical market was 14.6 million tons in 2013 and is expected to exceed 20
million tons by 2020, growing at over 4.5%. Oleochemical demand is expected
witness growth owing to increased need for biodegradable and sustainable
products. Its biodegradable and non-toxic nature makes it a suitable substitute
to DEG and propylene glycol.
Uncertain
feedstock supply is expected to acts as a major restraint for the industry.
Over the past few years, oleochemicals have accounted for 10% to 15% of global
vegetable oil consumption, of which only 2% is used for production. On account
of surging food consumption, vegetable oil availability as a raw material
production is expected to be tight which may drive glycerol price over the
forecast period.
Europe glycerol market, by application,
2011-2022 (Kilo tons)
Application
Overview
Personal
care and pharmaceutical applications dominated the glycerol market in 2014,
with over 38% of global consumption. Increase in demand for these products as a
result of improving lifestyle coupled with rising health awareness among
population in emerging markets of Asia Pacific and Latin America is expected to
be a key driver for growth.
It
is also the primary component in alkyd resins; a group of thermoplastic resins
used in making protective coatings, as film forming agents in paints, varnishes
and enamels and are an important part of the synthetic paint industry. Alkyd
resins are also used in interior paints and heavy machinery coatings, with
glycerol demand revenue estimated to exceed USD 400 million by 2022.
In
food and beverage applications, it acts as a humectant, solvent, sweetener, and
also helps preserve foods. Additionally, it is used as fillers in commercially
prepared low-fat foods such as cookies, and as thickening agents in liqueurs.
Source
Overview
Low
cost product, derived from bio-diesel as a result of increasing capacity as
replacement for conventional diesel owing to biodegradable, renewable,
non-toxic properties and lesser emissions has seen it emerge as the largest
glycerol source, accounting for over 67% of demand in 2014.
Fatty
acids and soaps are expected to witness a decline in demand as sources over the
next seven years.
Regional
Overview
Asia
Pacific glycerol market dominated demand, estimated at 916.5 kilo tons in 2014.
Strong demand in countries such as India, China, Japan, Malaysia and Indonesia,
for food and beverage industry is primarily responsible for regional
development.
Biodiesel
was the most preferred source in the North America glycerol market, on account
of vast reserves in the region. Biodiesel demand in North America was 306.5
kilo tons in 2013 which is expected to reach 476.1 kilo tons by 2020, growing
at a CAGR of 6.5 % from 2014 to 2020.
Europe
demand is expected to reach 1,178.7 kilo tons by 2022, with gains at over 5%.
Competitive
Market Share
Global
glycerol market share is highly concentrated, as top four participants
accounted for over 65% of the total demand in 2014. Key market players include
IOI, KL Kepong, Oleon, Wilmar, P&G and Emery.
A
number of glycerol manufacturers follow an integrated system for production,
including raw material crops, processing & refining in their processing
units and then use end product in different applications.
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Full Report at- https://www.radiantinsights.com/research/glycerol-market
This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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