Glycerol is basically generated from biodiesel, thereby making it a renewable and clean-burning fuel that can be utilized for industrial purposes. It is a prime ingredient in production resins and gums, which are further used to make modern protective coatings, including exterior house paints as well as automotive enamels, thus driving the glycerol market demand. Glycerol products are widely utilized in personal care products owing to its property of acting as humectants and solvents.
MARKET DYNAMICS
The glycerol market has witnessed significant growth owing to factors such as a wider type in industries such as food & beverage, pharmaceutical, nutraceutical, personal care & cosmetics, industrial, and others. The product is widely being utilized in several food products, including processed meat, condensed milk, and bakery products. Commercially, it is obtained as a byproduct during the biodiesel manufacturing process. Glycerol was formalized as an anti-freeze agent for automotive applications prior to it was replaced with ethylene glycol due to a lower freezing point. The least freezing point of this product obtained when mixed with water is high as compared to ethylene glycol; however, it is not toxic in nature, which has led to re-examination for it to be used for automotive applications will drive product demand. However, the cost-competitiveness pertaining to increasing price trends in vegetable oil as well as fatty alcohols, which are a major source of the product, may act as a major restraint for the market. Nevertheless, extensive product research has led to the development of novel products with enhanced reactive properties in order to make them eco-friendly, is estimated to drive the market size in an anticipated timeline.
MARKET SCOPE
The "Global Glycerol Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glycerol market with detailed market segmentation by source, type, end-use, and geography. The global glycerol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glycerol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global glycerol market is segmented on the basis of source, type, and end-use. On the basis of source, the glycerol market is segmented into biodiesel, fatty acids, fatty alcohols, and soap. The glycerol market on the basis of the type is classified into crude and refined. On the basis of end-use, global glycerol market is bifurcated into food & beverage, pharmaceutical, nutraceutical, personal care & cosmetics, industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glycerol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glycerol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the glycerol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glycerol market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global glycerol market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glycerol market are anticipated to lucrative growth opportunities in the future with the rising demand for glycerol in the global market. Below mentioned is the list of few companies engaged in the glycerol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glycerol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Cargill, Incorporated
- DOW Chemical
- Kao Corporation
- Kao Corporation
- KLK Oleo
- Oleon N.V.
- Pacific Oleochemicals Sdn Bhd
- Willmar International
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.