Over the years, glycerol played a key role in the manufacturing of a range of essential products whether it’s food or pharmaceutical drugs. It is expected that as the global end-use industry is showcasing robust growth owing to changing market dynamics including growing income, large and growing population, urbanization, and changing people lifestyles, the demand for glycerol would grow as well. Besides this, in the last several years, increasing focus on sustainability has had an impact on the glycerol market as well. Increased output from biodiesel has resulted in a surge in the supply of crude glycerol. However, since crude glycerol does not meet the requirement of USP certification has limited application areas.
According to UnivDatos Market
Insights (UMI)’ research report “Global Glycerol Market”,
the market is expected to showcase a growth of around 6% during the forecast
period. Rising
demand from major end-use industries like food & beverage, personal care
& cosmetics, pharmaceutical, and nutraceuticals is one of the key factors
driving the market. These industries are witnessing a surge in demand for final
products owing to the rising population, increasing income, and changing
lifestyle, therefore, to meet the growing requirement, industries are
increasing the production capacity, thus in turn, increasing the procurement of
raw materials used to manufacturer final consumer essential products,
eventually boosting the market for glycerol.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31032
Based on source, the market is categorized
into biodiesel, fatty alcohols, fatty acids, and soap. Among these, the
biodiesel category is likely to showcase robust growth owing to the increased
output of biodiesel as consumers are shifting towards sustainable alternatives
to conventional fossil fuels. Glycerol is produced in the conversion of oils to
biodiesel, thus with increasing production of biodiesel, the supply of glycerol
would increase as well. However, the limited application of biodiesel-based
glycerol due to not meeting the USP certification requirement might create a
hindrance in the market growth.
Based on end-user, the market is categorized
into food & beverage, pharmaceutical, nutraceutical, personal care &
cosmetics, and others. Among these, the personal care & cosmetics industry
accounted for a prominent share of the market and is expected to retain its
position during the forecast period. Rising awareness regarding hygiene and
growing cosmetic influence among the new generation are some of the key factors
propelling the market for personal care & cosmetics, thereby fueling the
market for glycerol.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31032
Asia-Pacific is
expected to showcase robust growth over the forecast period
For a better
understanding of the market adoption of Glycerol, the market is analyzed based
on its worldwide presence in the countries such as North America (the United
States, Canada, Rest of North America), Europe (Germany, the United Kingdom,
France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India,
and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region is likely
to showcase robust growth over the forecast period owing to bolstering growth
in end-use industries of the regional economies due to rising internal
consumption and increasing export of final products from the regional countries.
For More Informative Information, Please Visit
Us - https://univdatos.com/report/glycerol-market/
According
to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the
global Glycerol market include Cargill Incorporated, BASF SE, The Procter &
Gamble Company, Oleon NV, KLK OLEO, The Dow Chemical Company, The
Archer-Daniels-Midland Company, Wilmar International Limited, Pacific
Oleochemicals Sdn Bhd, and Kao Corporation. These companies are taking several
strategic decisions to meet the growing demand and increase their market share.
“Global Glycerol
Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of Go to Market Strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1.
By Source (Biodiesel, Fatty
Alcohols, Fatty Acids, and Soap)
2.
By Type (Crude and Refined)
3.
By End-User (Food
& Beverage, Pharmaceutical, Nutraceutical, Personal Care & Cosmetics,
and Others)
4.
By Region (North America (the
United States, Canada, Rest of North America), Europe (Germany, the United
Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India,
Rest of APAC), and Rest of World)
5.
By Company (Cargill
Incorporated, BASF SE, The Procter & Gamble Company, Oleon NV, KLK OLEO,
The Dow Chemical Company, The Archer-Daniels-Midland Company, Wilmar
International Limited, Pacific Oleochemicals Sdn Bhd, and Kao Corporation)
Key
questions answered in the study:
1.
What are the current and future trends
of the global glycerol industry?
2.
How the industry has been evolving in terms
of source, type, and end-user?
3.
How the competition has been shaping across
the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global glycerol industry?
5.
What are the customer orientation,
purchase behavior, and expectations from the global glycerol suppliers across
various region and countries?
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