According to a new report published by UnivDatos Markets Insights, the glycerol market is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into the source (biodiesel, fatty alcohol, fatty acids, and soap); type (crude and refined); end-user (food & beverage, pharmaceutical, nutraceutical, personal care & cosmetics, and others); region/country.
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The glycerol market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository estimates the Glycerol market at the global and regional levels.
Market Overview
The myriad properties of glycerol make it one of the crucial raw materials in the manufacturing of processed food & beverage, nutraceuticals, pharmaceuticals, and beauty and personal care products. For instance, glycerol is used as an emollient, humectant, solvent, and lubricant in many products in the personal care industry such as toothpaste, mouthwashes, shaving cream, and soaps. Furthermore, due to its hygroscopic properties glycerol is used in the pharmaceutical industry to prevent the drying of creams and ointments. It is also sprayed on tobacco to prevent disintegration due to dryness. As a result, the large and growing market for the aforementioned industries owing to the rising population, disposable income, changing lifestyle, and growing urbanization is transforming the entire landscape, eventually boosting the demand for glycerol.
COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industrial operations in a negative way, which has impacted the demand for glycerol as its highly dependent on industries’ performance.
The global glycerol market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on type, the market is categorized into crude and refined glycerol. Among both, the refined category accounted for a significant share of the market owing to its utilization in a large number of industries like food & beverage, personal care & cosmetics, pharmaceutical, and nutraceutical, as it meets the USP certification requirement. However, it is expected that going forward, the market for crude glycerol would also showcase significant growth with increasing production of biodiesel, thereby increasing the supply of crude glycerol.
· Based on source, the market is categorized into biodiesel, fatty alcohols, fatty acids, and soap. Among these, the biodiesel category is likely to showcase robust growth owing to the increased output of biodiesel as consumers are shifting towards sustainable alternatives to conventional fossil fuels. Glycerol is produced in the conversion of oils to biodiesel, thus with increasing production of biodiesel, the supply of glycerol would increase as well.
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Glycerol Market Geographical Segmentation Includes:
· North America (The United States, Canada, and the Rest of North America)
· Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)
· Rest of the World
The Asia-Pacific region is likely to showcase robust growth over the forecast period owing to bolstering growth in end-use industries of the regional economies due to rising internal consumption and increasing export of final products from the regional countries. For instance, according to ASSOCHAM and MRSS, the Indian nutraceutical industry is likely to showcase a growth of around 21% between 2020-2025 to reach $18 billion by 2025. Further, government policies by several regional economies to lure companies to invest in the region is likely to set up a greater number of manufacturing facilities in the region, thereby fueling the market for glycerol.
The major players targeting the market include
· Cargill Incorporated
· BASF SE
· The Procter & Gamble Company
· Oleon NV
· KLK OLEO
· The Dow Chemical Company
· The Archer-Daniels-Midland Company
· Wilmar International Limited
· Pacific Oleochemicals Sdn Bhd
· Kao Corporation
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the glycerol market?
• Which factors are influencing the glycerol market over the forecast period?
• What are the global challenges, threats, and risks in the glycerol market?
• Which factors are propelling and restraining the glycerol market?
• What are the demanding global regions of the glycerol market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE GLYCEROL MARKET
6 GLYCEROL MARKET REVENUE (USD MN), 2020-2028F
7 MARKET INSIGHTS BY SOURCE
8 MARKET INSIGHTS BY TYPE
9 MARKET INSIGHTS BY END-USER
10 MARKET INSIGHTS BY REGION
11 GLYCEROL MARKET DYNAMICS
12 GLYCEROL MARKET OPPORTUNITIES
13 GLYCEROL MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INITIATIVES
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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