The global demand for Solketal Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Solketal is a form of glycerol with an isopropylidene acetal group joining two neighbouring hydroxyl groups. It appears to be colorless and odorless. It has been used extensively in the synthesis of mono-, di- and triglycerides by ester bond formation. It is also used as a clean odor solvent, coating and ink solvent, aroma diluent, resin raw material, high-grade foamless cleaning agent, biofuel solvent, etc.
Market Dynamics
The global solketal market is projected to grow with rising production of mono, di- and triglycerides by ester bond formation and increasing production of biofuels. Biofuels are increasingly used due to the environmental impact caused by the massive use of fossil fuels and carbon emissions in the atmosphere. This will broadly impact the global solketal market. Solketal is identified as a suitable solvent for resins and polymers, replacing solvents derived from petroleum, and can be used as an additive of biofuels. Solketal compound in biofuels improves its properties, decreases viscosity, and helps achieve the pre-established requirements for biodiesel's flash point and oxidation stability. However, the significant threat of toxicity to human health and the environment is likely to hinder its consumption.
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 an inclusive assessment of each segment in the global market of solketal. The growth and trends of Solketal Industry provide a holistic approach to this study.
Market Segmentation
This section of the solketal market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Purity
By Application
- Solvent
- Pharmaceutical intermediate
- Biofuel
- Others
By End Use Industry
- Cosmetics and Personal Care
- Food and Beverage Industry
- Pharmaceutical Industry
- Chemical Manufacturing
- Paints and Coatings
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Solketal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Solketal 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 solketal market include GLACONCHEMIE GmbH, Sigma Aldrich, Fisher Scientific, Loba Feinchemie AG, TCI EUROPE N.V., Alfa Aesar, CM Fine Chemical, ABCR GmbH, Suzhou Jinghua Chemical Co., Ltd., Yancheng Jinghua Chemical Co., Ltd. This section consists of 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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