The Global Glycerol
Market is expected to reach USD 2.52 billion by 2020, according to a new
study by Grand View Research, Inc. Biodiesel emerged as the leading source of
glycerol, accounting for over 1,400 kilo tons of glycerol production in 2013.
Growing application market coupled with increased production of oleochemicals
in Asia Pacific is expected to augment glycerol demand over the forecast
period.
Personal care and pharmaceuticals were the
largest application segment, with glycerol consumption exceeding 870 kilo tons
in 2013. However, food & beverage is expected to be the fastest growing
application segment at an estimated CAGR of 8.4% from 2014 to 2020, owing to
improving lifestyle in emerging economies leading to increased consumption of
processed and packed foods.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/glycerol-market
Further
key findings from the study suggest:
- Global glycerol 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.
- Biodiesel was the largest source for production of glycerol accounting for 62.96% of the market in 2013. However, fatty alcohols are expected to be the fastest growing source for glycerol production at an estimated CAGR of 8.3% from 2014 to 2020.
- Alkyd resins and foods & beverages followed personal care & pharmaceuticals accounting for a market volume of 12.94% and 12.22% respectively.
- Asia Pacific was the leading regional market and accounted for 37% of market volume in 2013. It is also expected to be the fastest growing market for glycerol at an estimated CAGR of 7.8% from 2014 to 2020.
- The global glycerol market is highly concentrated with the top four companies including IOI Group, KL Kepong, Emery Oleochemicals and Wilmar International accounting for over 65% of market revenue in 2013. Other companies operating in the market include P&G, Kao Corporation, Cremer Gruppe and Oleon.
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this category @ http://www.grandviewresearch.com/industry/renewable-chemicals
For
the purpose of this study, Grand View Research has segmented the glycerol
market on the basis of source, application and downstream opportunities:
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
Global Glycerol Downstream
Opportunities Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Propylene Glycol
• Epichlorohydrin
• 1,3 Propanediol
• Others
Glycerol Market Regional Outlook
(Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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