Asia-Pacific Glycerin Market, By Process (Transesterification, Saponification, Fat Splitting), Source (Vegetable Oils, Biodiesel, Soaps, Synthetic, Fatty Acid, Fatty Alcohol, Others), Grade (Technical Grade, Pharmaceutical Grade), Application (Industrial Application, Chemical Intermediate), Country (Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Asia-Pacific glycerin market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.75% in the above-mentioned forecast period and is expected to reach the USD 57.6 billion by 2029.
The organic component glycerin is made up of oxygen, carbon, and hydrogen. It's usually a byproduct of the biodiesel production process from animal fats and vegetable oil. Glycerin is soluble in both water and alcohol, but not in oil. It's colourless, odourless, hygroscopic, and viscous, and it freezes into a sticky paste with a high boiling point. Glycerin has a wide range of uses in personal care items, food, and medications due to these qualities. Surfactants, plasticizers, and solvents are all made using glycerin as a raw ingredient.
The use of glycerin is becoming more popular among individuals. The industry is booming due to an increase in demand for personal care and cosmetic products, as well as increased disposable income and expenditure on cosmetics and personal care products in developing countries. The need for glycerin is anticipated to augment the glycerin market, as it is employed as a humectant in the manufacturing of cosmetics and personal care goods. In the pharmaceutical sector, glycerin is also employed as a raw ingredient. As a result, market growth is fueled by increased pharmaceutical output. The glycerin market is driven by rising demand from the food and beverage industry, and also changing lifestyles as well as eating habits in developing countries.
Moreover, the development of fresh applications will further offer a variety of growth opportunities for the market.
On the other side, the oversupply of glycerin and low profitability are expected to stifle the glycerin market's expansion over the forecast period. The rising cost of the refining process will further challenge the growth of the glycerin market over the projected period.
This Asia-Pacific glycerin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Asia-Pacific glycerin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Glycerin Market Scope and Market Size
Asia-Pacific glycerin market is segmented on the basis of process, source, grade and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of process, the glycerin market is segmented into transesterification, saponification and fat splitting. Transesterification is further sub segmented into acid catalyzed transesterification, base catalyzed transesterification and enzymatic catalyzed transesterification.
- On the basis of source, the glycerin market is segmented into vegetable oils, biodiesel, soaps, synthetic, fatty acid, fatty alcohol and others.
- On the basis of grade, the glycerin market is segmented into technical grade and pharmaceutical grade.
- On the basis of application, the glycerin market is segmented into industrial application, chemical intermediate. Industrial application is further sub segmented into pharmaceuticals and healthcare, food and beverages, personal care, automotive, polyether polyols, alkyd resins, tobacco and other applications. Chemical intermediate is further sub segmented into propylene glycol, epichlorohydrin, 1,3 propanediol, acrolein, glycerol carbonate, glycol substitute and others..
Asia-Pacific Glycerin Market Country Level Analysis
Asia-Pacific glycerin market is analyzed and market size, volume information is provided by country, process, source, grade and application as referenced above.
The countries covered in Asia-Pacific glycerin market report are Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and Rest of Asia-Pacific.
The country section of Asia-Pacific glycerin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Glycerin Market Share Analysis
Asia-Pacific glycerin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific glycerin market.
Some of the major players operating in the Asia-Pacific glycerin market are Wilmar International Ltd, Kuala Lumpur Kepong Berhad, IOI Corporation Berhad, Godrej Industries Limited, Croda International Plc, Cargill, Incorporated., Procter & Gamble., Kao Corporation., Vitusa Products Inc., and Twin Rivers Technologies, Inc., among others.
Customization Available : Asia-Pacific Glycerin Market
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