Million Insights
Market Research Released A New Research Report On Global Glycerol Market -
Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
USA: November 4, 2019-
Glycerol Market demand was 2,247.2
kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing
at a CAGR of 6.4% from 2014 to 2020.. The increase in production of
oleochemicals coupled with growing downstream opportunities is anticipated to
propel market demand over the forecast period. Declining usage of synthetic
products such as propylene glycol is likely to fuel consumption of glycerol.
Glycerol also is known as glycerin, it’s a core compound of
all triglycerides. Glycerol can be sourced either from artificial or natural
means depending on a raw material used in its manufacturing. Glycerol finds its
applications in preservatives, antifreeze chemicals, explosives, and food sweeteners
due to its chemical properties. Growing healthcare technologies are likely to
drive the market growth over the forecast period.
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Uncertain feedstock supply, fewer profit margins for
refinement processes can act as a restraint to the glycerol market. Unstable
government legislations and industry subsidies are affecting the profitability
of manufacturers which is expected to have a negative impact on glycerol
production.
Source Insights
The major sources of glycerol are biodiesel, fatty acids,
and fatty alcohols. In recent times, bio-diesel is the largest source for the
production of glycerol. The process of using bio-diesel alcohol in glycerol
production is known as transesterification process, which is economical over
other synthetic processes. Saponification and hydrolysis are the other methods
of glycerol production.
Application Insights
Pharmaceuticals and personal care were the largest
application segment of this market. Glycerol finds its application in skin
products owing to its healing properties and nutritive value. It is also used
in health products due to its sweet tasting features and laxative properties.
The growing demand for coatings and paints industries is
expected to have a positive impact on market demand. Glycerol also finds its
applications in explosive production, tobacco humectants, perfume production,
and food preserving. Glycerol is the precursor to important chemicals such as
1-3 propanediol, Epichlorohydrin, and Propylene Glycol owing to which the
downstream applications of this product have attracted a lot of attention.
Europe is the largest region in the market due to growing
demand in food & beverages, pharmaceuticals, and personal care segments.
Its growing application in the production of specialty chemicals such as
propylene glycol and epichlorohydrin is driving the demand for this product.
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Report visit @ https://www.millioninsights.com/industry-reports/glycerol-market
Market Segment:
Global Glycerol Market Source Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2020)
• Biodiesel
• Fatty acids
• Fatty alcohols
• Soap industry
Global Glycerol Market Application Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2020)
• Personal care & pharmaceuticals
• Alkyd Resins
• Foods & beverages
• Polyether polyols
• Tobacco humectants
• Others
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