East Mexico accounted the largest glycerine market and will expected to grow sharply during forecast period.

Market research future will be publishing a cooked research report on Mexico Glycerine Market that contains the information from 2016 to 2023. Mexico Glycerine Market is expected to grow with the CAGR 5.10 % during forecast period of 2016 to 2023.

Market Highlights

Glycerine is major component of triglyceride, found in animal fat, vegetable oil and crude oil. Glycerine is major by-product of biodiesel manufacturing process. Glycerine is a material of outstanding utility with many area of applications. A unique combination of physical and chemical properties of glycerine makes it technically versatile product which is readily compatible with many other substances and easy to handle. Glycerine is also non-toxic to human health and also to environment. Physically, glycerine is a water soluble, clear, colourless, viscous, odourless, hygroscopic liquid with high boiling point. These unique properties enable glycerine to find usage in application such as cosmetics & personal care, food, tobacco, polyurethane, resins and other.

Mexican glycerine market has been increasing tremendously, specifically in East Mexico, owing to rise in the populations in this region resulting to increasing in demand for cosmetics & personal care products, food & beverages due to its excellent property as humectant, sweet test, lubrication and colorless nature. In-addition, the production of glycerine is very less however the consumption is high so there is a huge entrance for the manufacturers to collaborate or expand the production facility to fulfill the gap between the supply and demand.

Regional Analysis

“East Mexico is projected to be the largest market during the forecast period”

As per MRFR analysis East Mexico dominated the Mexican glycerine market and has accounted for the largest share of 40% in 2016 and projected to grow at CAGR of 5.39%. East Mexico market is followed by West Mexico (30%) and South Mexico (20%) with growth at CAGR of 5.20% and 4.5% respectively. Moreover, East Mexico market will witness growth above average with respect to demand of the same throughout the forecast period driven by strong growth in cosmetic & personal care and food industry in the region.

In terms of volume, West Mexico, South Mexico and North Mexico are expected to witness robust growth during the forecast period. Availability of skilled manpower, cheap labor are some of the factors driving the glycerine consumption market in these regions. Mexican glycerine market has been changing constantly in terms of applications, technologies, innovation and performance along with the product innovations and developments and hence the demand for glycerine is also growing with newer applications and growth of end user industries. A large part of demand for glycerine comes from various end-use industries such as cosmetics & personal care, food, tobacco and resin industry.

In 2016, Mexican glycerine consumption was 63 Thousand MT, however it produced 7.9 Thousand MT of glycerine. To fulfill the demand and supply gap, Mexican major consumers and small traders imported the glycerine of 55 Thousand MT. Most of the import done from Germany, brazil, Italy and US.

Scope of the study

The scope of the study categorizes the cellulose fiber market as functional, and application.

By Source

Natural
Synthetic
By Grade

Crude
Refined
By Application

Cosmetics and Personal Care
Food
Tobacco
Pharmaceutical
Polyurethane
Alkyd Resin
Other
Key Player

The key players of cellulose fiber market report includes Cargil Inc., Kao Corporation, Quimic S.A. de C.V., Quimica Delta, Pemex, Oxiteno Mexico S.A. de C.V.

ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/mexico-glycerine-market-3691

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