Pune, India -- (SBWIRE) -- 05/24/2018 -- Glycerin Market – Overview

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. An excellent Chemical and physical properties of Glycerin makes it technically versatile product which is readily compatible with many substances. Glycerine is also non-toxic to human health and also to environment. Increasing use of the glycerine in industries like, cosmetics and personal care, food, resins, Pharmaceutical and tobacco industry drives the market. Glycerine serves as an excellent humectant, solvent and lubricant in personal care products. Due to its better test and high solubility, it competes with sorbitol. In food and beverage industry, glycerine serves as solvent for flavour and food colouring, humectant to protect the food, softening agent for cakes, candy and casings for meat and cheeses, use as filler for low fat products.

Industry/ Innovation/ Related News:

2014- Benchmark signs manufacturing agreement in Mexico for antifreezing production.

2013- BCC and Magnalogistics S.A de C.V. sign distributorship agreement for Mexico.

2013- Pemex test technology to prevent gasoline theft. They also set in motion glycerine and fatty acid plant of Industrial La Fama, Infasa.

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Glycerin Market - Mexico

Mexico Glycerin Market is expecting a potential growth in coming years with CAGR of 5.1%. The factors that influenced the demand for glycerin is poised to be driven by increasing use of cosmetics and personal care products, growing food demand and rising population. Furthermore, constant innovation and improvisation of the products in cosmetics and personal care industry has also propelled the demand of glycerin in Mexican market. However, less glycerin production and fluctuation in glycerin price are some factors that can hinder the growth of market up to some extent.

The Mexican Glycerin production is very less, Mexico produced 7.9 Thousand MT of Glycerin, however the consumption demand is very high, and Mexico consumed 63 Thousand MT of Glycerin. To fulfil wide range of consumption demand most of the traders and end-use application manufacturers have to look for the import of the Glycerin. Mexico imported 55 Thousand MT of glycerin in 2016. The impact of non-availability of stock hampers the Glycerin Market.

Trends

Over the past few year, the Mexican Market has seen a drastic change in the demand of glycerin due to the rising number of its applications in different sectors of industry. As per the data, the demand for glycerine have significantly created a positive impact on the manufacturers and forced them to increase the production capacity to meet the current market demand. As of now, the big players in the Maxican Glycerin Market such as Cargil Inc., Kao Chemicals and Quimica S.A. de C.V. have increased the production capacity.

Over the years, the demand of Glycerin has grown on a rapidly which has created a platform for the new entrants to enter into the Mexican Market. The new entrants are coming with the strategies such as focusing on refining of the glycerin as per the demand. As the demand for refined Glycerine with varying range of purity from 95.5% to 99.7% is high in Mexico, most of the small and medium level traders import crude glycerin and refine them as per the requirement of end-user.

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