The latest Glycerol Derivatives Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Glycerol Derivatives Market is valued at approximately USD 15 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2022-2029.
Request To Download Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/bzwt2275
Glycerol Derivatives are a combination of chemicals produced from glycerol, which is a prochiral of a couple of alcohols. Several products such as propylene glycol, glycerol ester, glycerol carbonate, glyceric acid, and more come under glycerol derivatives. Glycerol is a byproduct of the biodiesel production process and is also produced as a result of the hydrolysis of fats and oils. Glycerol derivatives have various applications in the pharmaceutical, personal care, food and beverage, and chemical industries. Increasing demand for sustainable and eco-friendly products, increased demand for hand sanitizers & personal care products, rising demand for biobased chemicals, and increasing use of propylene glycol in various industries are the factors driving the growth of the market.
According to the Climate Action Organization, global interest and concern for nature have risen by around 16% between 2016-2020 and amid the covid-19 pandemic. It was estimated that there was about a 60% global rise in Twitter posts related to biodiversity and nature in the year 2016-2020. The concern for preserving nature in individuals is rising at a high pace, therefore increasing the demand for sustainable and eco-friendly products. Additionally, glycerol derivatives are used in hand sanitizers to protect skin against dryness. In the U.S., the hand sanitizer market was estimated to be about 618.30m US dollars in the year 2023. The global market for hand sanitizers was around 3.08 billion US dollars in the year 2023. Hence, increasing demand for sustainable and eco-friendly products, and increasing demand for hand sanitizers & personal care products are the major factors driving the market growth. Other important components driving market increase are the rising demand for biobased chemicals and the increasing use of propylene glycol in various industries. Furthermore, the rising food & beverage industry and increasing use of glycerol derivatives in construction and transportation are the factors creating major market opportunities in the forecast period. However, the availability of alternatives of Glycerol Derivatives stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Glycerol Derivatives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rise in the demand for bio-based products, increasing demand for personal care & pharmaceutical products in major countries such as India and China, the rising food manufacturing sector, and increasing production & consumption of glycerol derivatives in the region. Europe is expected to grow at the highest CAGR during the forecast period, owing to factors such as the dominance of key players, increasing production of glycerol derivatives, rising demand for biofuels, and rising biodiesel production in the region.
Download Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/bzwt2275
Major market players included in this report are:
Zhangjiagang Glory Biomaterial Co., Ltd.
Shell Chemical LP
Tokyo Chemical Industry Co., Ltd.
DuPont de Nemours, Inc.Solvay
Croda International Plc
Cargill, Incorporated
Primient Covation LLC
Haihang Industry Co., Ltd
Sakamoto Yakuhin kogyo Co., Ltd.
Recent Developments in the Market:
In September 2022, Jiutai Energy (Zhangjiagang) Co., Ltd. Introduced 30,000 t/a poly trimethylene terephthalate (PTT) a new bio-based material, which got approved by the local authority on the environmental impact (EI).
In March 2020, Shell Global announced that they have increased the production of key ingredients used in the formation of soap and sanitizers to help and support the continuous supply of these products amid the covid-19 pandemic.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Grade offerings of key players.
Download Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/bzwt2275
The detailed segments and sub-segment of the market are explained below.
By Grade:
Bio-based
Petroleum-based
By Product:
4-(hydroxymethyl)-1 3-dioxolan-2-one
Polyglycerol
Propane-1 2 3-triyl triacetate
1 3 propanediol
Propylene Glycol
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Request full Report Description, TOC, Table of Figure, Chart, etc. @ –https://reportocean.us/sample-request/report_id/bzwt2275
Some Questions Answered in the Glycerol Derivatives Market Report:
- What is the projected size of the global Glycerol Derivatives market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Glycerol Derivatives industry?
- What are the major market trends that are affecting the expansion of the Glycerol Derivatives market?
- What obstacles must be overcome in order to achieve sustained growth in the Glycerol Derivatives market?
- What opportunities and threats do vendors in the global Glycerol Derivatives market face?
- What are the raw materials and manufacturing equipment used in the production of Glycerol Derivatives, and what is the manufacturing process?
- What are the different types and applications of Glycerol Derivatives, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Glycerol Derivatives market?
- What factors are driving the growth of the Glycerol Derivatives market in the top regions worldwide?
- Who are the major players in the global Glycerol Derivatives market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Glycerol Derivatives market?
- What are the main findings of a five forces analysis of the global Glycerol Derivatives market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
Request Full Report –https://reportocean.us/sample-request/report_id/bzwt2275
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us/