Summary: The Report Contains Glycerol Market Size By Source (Biodiesel, Fatty Acids, Fatty Alcohols), By Application (Personal Care, Alkyd Resins, Polyether Polyols Applications), Downstream Opportunities, Competitive Analysis & Forecast, 2012 - 2022 Industry review International glycerol market size was approximate at USD 1.64 billion in 2014 and is approximate to increase at 7.9% from 2015 to 2022. Also known as glycerin when industrial material contains over 95%, some notable applications included food industry, pharmaceuticals, personal care and healthcare.
Commercial production ways involve saponification and transesterification processes; epichlorohydrin way is not majorly used as owing to its economic infeasibility. Surging cosmetics demand in European countries like a Germany, France and UK is anticipate driving glycerol market demand, particularly as a moisturizer in personal care products. Being a sugar free and phospholipid enriched nutrient, beside the presence of those nutrients is predicted to drive growth as a organic process food supplement. International oleochemical market was 14.6 million tons in 2013 and is expected to outrun 20 million tons by 2020, increasing at over 4.5%. Oleochemical demand is predicted witness growth due to hyperbolic would like for perishable and property product. Over the last few years, oleochemicals have accounted for 10 to 15% of International vegetable oil consumption, of which only 2% is used for production. On account of billowy food consumption, edible fat availableness as a material production is predicted to be tight which can drive glycerin worth over the forecast amount.
Increase in demand for this product as a results of rising life-style plus rising health awareness among population in rising markets of Asia Pacific and Latin America is anticipated to be a key driver for growth. It is additionally the first element in alkyd resins; a gaggle of thermoplastic resins creating protecting coatings, as film forming agents in paints, varnishes and enamels and are a vital a part of the synthetic paint Industry. Alkyd resins are employed in interior paints and significant machinery coatings, with glycerol demand revenue calculable to exceed USD 400 million by 2022. In food and nutrient applications, it acts as a substance, solvent, sweetener, and additionally helps preserve foods. Additionally, it's used as fillers in commercially ready low-fat foods like cookies, and as thickening agents in liqueurs. Source Overview Low cost product, derived from bio-diesel as a result of increasing capacity as replacement for conventional diesel owing to biodegradable, renewable, non-toxic properties and lesser emissions has seen it emerge because the largest glycerol supply, accounting for over 67% of demand in 2014.
Fatty acids and soaps square measure expected to witness a decline in demand as sources over future 7 years. Regional Overview Asia Pacific glycerol market dominated demand, estimated at 916.5 kilo tons in 2014. Strong demand in countries likes India, China, Japan, Malaysia, Indonesia, and state, for food and beverage industry is primarily responsible for regional development. Biodiesel was the most popular supply within the North America glycerol market, on account of immense reserves within the region. Biodiesel demand in North America was 306.5 kilo tons in 2013 which is expected to reach 476.1 kilo tons by 2020, growing at a CAGR of 6.5 % from 2014 to 2020. Europe demand is expected to reach 1,178.7 kilo tons by 2022, with gains at over 5%. Competitive Market Share International glycerol market share is extremely concentrated, as top four participants accounted for over 65% of the total demand in 2014. Key market players include IOI, KL Kepong, Oleon, Wilmar, P&G and Emery. A number of glycerol makers follow an integrated system for production, as well as raw material, process in their process units then use final result in different applications.
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