The global demand for Glycerol Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Glycerol, also known as glycerine, is a colorless, odorless, and viscous liquid. It is obtained from plant and animal sources where it occurs in triglycerides, esters of glycerol with long-chain carboxylic acids. It is used for various applications in medical, pharmaceutical and personal care, botanical extracts, electronic cigarette liquid, antifreeze, chemical intermediate, vibration damping, and other niche uses.
As a result of the booming sanitizer manufacturing taking place worldwide, the total glycerol demand is estimated to climb. This unique situation is due to the widely spreading COVID-19 pandemic. Demand for glycerol has been surging due to the rapid development of the biodiesel market. The production volume of glycerine raised more than doubled during the last decade. Also, new glycerol uses as raw material for the production of value-added chemicals has been growing at a noticing rate. Nonetheless, factors like misbalance between supply and demand and oversupply and shortage of glycerol are hindering the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of glycerol.
The entire glycerol market has been sub-categorized into source, type and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Fatty Alcohol
- Fatty Acids
- Food & Beverage
- Personal Care & Cosmetics
This section covers regional segmentation which accentuates on current and future demand for glycerol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Glycerol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the glycerol market include Cargill, Incorporated, BASF SE, Kao Corporation, Oleon N.V., KLK Oleo, Solvay SA, Wilmar International Ltd., Kuala Lumpur Kepong Berhad, Procter & Gamble Chemicals, Godrej Industries Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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