Rising Disposable Income of Consumers to Play a Key Role in Impacting the Growth of the Global Polyglycerol Market Positively


Posted December 21, 2018 by dmTMR1

Formed by the condensation of n or more glycerol molecules with elimination of ‘n-1’ water molecules, polyglycerol i.e., inter-molecular glycerol ethers are also knowns for its viscous and slightly hygroscopic liquid nature.

 
The rise in disposable income of consumers from emerging countries such as India, China and Japan will affect the demand for polyglycerol market during 2017-2025, thereby the driving the growth of the global significantly, anticipates a new report published by Transparency Market Research.

In terms of regional perspective, the Asia Pacific region dominated the global polyglycerol market with majority of the share in 2014. The report attributes this to the rise in the personal care industry in countries such as Japan, India and China which is further ascribed to the rising consumer spending combined with the research and development programs undertaken by several major companies in the personal care field. Another major factor driving the growth of the polyglycerol market in the Asia Pacific region is the rising growth of the textile industry in India and China.

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The next leading market of the polyglycerol market in terms of volume, after Asia Pacific, is Europe. Key factors driving the market in this region is the extensive usage of polyglycerol in the food & beverage industry in Germany and the U.K. Moreover, several companies from North America are also pouring huge investments in research and development programs focused on producing efficient polyglycerol. Therefore, a moderate growth can be expected from North America region as well. Latin America is also predicted to witness a robust growth owing the growing food & beverages industry in the region.
The TMR report has included some of the major global players operating in the polyglycerol market which include SOLVAY, Procter & gamble, Godrej Industries Ltd., Unilever Holdings, and Dow Chemical Company.


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Last Updated December 21, 2018