Global
glycerol market size is likely to exceed USD 3 billion by 2022, as per a new
research report by Radiant Insights, Inc. Regulatory push for promoting
bio-diesel production is expected to boost glycerol demand over the forecast
period, with expected decline of synthetic products such as DEG and propylene
glycol paving the way for glycerol to gain market penetration. Moreover, new
developments by Ohio Soybean Council for the development of new glycerol
products from soybean are expected to tap new applications over the next six
years. However, surging food demand is expected to impact oilseed supply as a
raw material for glycerol production.
Increasing
diabetes prevalence and changing food habits are expected to augment the use of
glycerol as a low-calorie source of lecithin and carbohydrate. Glycerol demand
for food & beverage applications is expected to reach USD 417.9 million by
2022, growing at over 8%. Additionally, its sustainable nature is expected to
augment glycerol market demand as a catalyst on account of adoption of green
technology in refineries.
Read Complete Report with TOC @ http://www.radiantinsights.com/press-release/global-glycerol-market
Availability
of raw materials such as palm oils in Malaysia and Indonesia of castor and
rapeseeds oils in India is expected to attract manufacturers to Asia Pacific.
Growing biofuel production, particularly in Europe, is expected to provide
production avenues for participants.
The report “Glycerol Market Size, Price Trend,
Research Report 2022” is available now to Radiant Insights customers and can
also be purchased directly at: http://www.radiantinsights.com/research/glycerol-market
Key report insights suggest:
• Global Glycerol market size was
estimated 2,443.9 tons in 2014 and is expected to witness annual gains at over
6.5% from 2015 to 2022.
• Asia glycerol market demand is
estimated to reach USD 1.45 billion by 2022, with gains at over 9% throughout
the forecast period. North America industry revenue was estimated at USD 311.4
million in 2014, with forecast of USD 501.1 million by 2022.
Related reports by Radiant Insights: http://www.radiantinsights.com/catalog/chemicals
• Demand in Europe is anticipated to
grow at 5.5%, in terms of volume. Surging cosmetics demand in European
countries such as Germany, France and England is expected to boost glycerol use
as a moisturizer in skin care products.
• Revenue from personal care and
pharmaceutical applications is estimated to exceed USD 1.1 billion by 2022.
Emerging
applications such as healthcare and its potential as a chemical platform for
renewable chemicals are expected to be critical for the development of the
glycerol market over the next six years. Demand for polyether polyols is likely
to grow at over 6.5% from 2015 to 2022.
• Global glycerol market is highly
concentrated with South East Asian companies dominating due to geographic
location suitable for oil plantations and increasing regional demand.
• The industry is very dynamic owing to
frequent mergers and acquisitions by large companies in order to expand their
business geographically and to increase their production capacity, with
industry rivalry expected to be high over the forecast period.
About Radiant Insights
Radiant
Insights is a platform for companies looking to meet their market research and
business intelligence requirements. We assist and facilitate organizations and
individuals procure market research reports, helping them in the decision
making process. We have a comprehensive collection of reports, covering over 40
key industries and a host of micro markets. In addition to over extensive
database of reports, our experienced research coordinators also offer a host of
ancillary services such as, research partnerships/ tie-ups and customized
research solutions.
For More Information, Visit Radiant Insights
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
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