Glycerin Industry Trends and Global Market Forecast to 2024
Pune, India -- (SBWIRE) -- 05/22/2018 -- The inexhaustibility of bio-glycerol has made it an appealing stage for the generation of various mixes. Particular hydrogenolysis of glycerol to propylene glycol (PG) is a standout amongst the most encouraging courses for glycerol valorization, since this compound is an imperative substance middle of the road in various applications.
In this report, headways in the reactant transformation of glycerol into propylene glycol are inspected, which incorporate advances in process improvement, impacts of planning and initiation strategies on synergist movement and soundness, and the execution of different kinds of impetuses. The practicality of utilizing bio-hydrogen and the difficulties of using rough glycerol for glycerol hydrogenolysis are likewise talked about.
Global Glycerin Market is expected to reach 6,261.75 thousand metric tons by 2024 from 3,551.00 thousand metric tons in 2016, at a CAGR of 7.5%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors. On the other hand, availability of substitutes and low profitability may hinder the growth of the market.
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Market Segmentation: Global Glycerin Market
- The Global glycerin market is segmented on the basis of grade, source, application and downstream. On the basis of grade, the glycerin market is segmented into ; refined glycerin, crude glycerin, natural glycerin and blonde glycerin. In 2017, crude glycerin segment is expected to dominate the Global glycerin market with 49.1% market share and is expected to reach 2,783.10 thousand metric tons by 2024, growing with the highest CAGR of 6.0% in the forecast period 2017 to 2024.
- On the basis of source the Global glycerin market is segmented into biodiesel, fatty acid, fatty alcohol, soap, vegetable oils, synthetic and others. In 2017, biodiesel is expected to dominate the Global glycerin market with 66.0% market share and is expected to reach 4,364.55 thousand metric tons by 2024, growing with a CAGR of 8.3% in the forecast period 2017 to 2024.
- On the basis of application the glycerin market is segmented into personal care, food & beverage, healthcare & pharmaceuticals, oral care, alkyd resins, tobacco humectants and others. In 2017, personal care & cosmetic products is expected to dominate the Global glycerin market with 29.4% market share and is expected to reach 2,056.36 thousand metric tons by 2024, growing with a CAGR of 9.2% in the forecast period 2017 to 2024.
- On the basis of downstream the glycerin market is segmented into Propanediol, Propylene glycol, Epichlorohydrin and others. In 2017, propanediol is expected to dominate the Global glycerin market with 40.6% market share and is expected to reach 2,399.11 thousand metric tons by 2024, growing with a CAGR of 6.6% in the forecast period 2017 to 2024.
Key Drivers: Global Glycerin Market
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors.
Availability of substitutes and low profitability may hinder the growth of the market..
Key Points: Global Glycerin Market
Global glycerin market is dominated Kuala Lumpur Kepong Berhad, followed by Wilmar International Ltd, Archer Daniels Midland Company, among others.
- The global refined glycerin market is expected to reach 3,069.53 thousand metric tons by 2024, from 1,546.95 thousand metric tons in 2016, growing at the highest CAGR of 9.1%.
- The global biodiesel market is expected to reach 4,364.55 thousand metric tons by 2024, from 2,323.56 thousand metric tons in 2016, growing at a CAGR of 8.3%.
TABLE OF CONTENTS GLOBAL GLYCERIN MARKET
- INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL GLYCERIN MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED