Global Polyglycerol Esters Market, By Type (Food Grade, Industrial Grade, Pharmaceutical Grade), Application (Personal Care, Lubricants, Food and Beverages, Surfactants and Detergents, Pharmaceuticals, Others) - Industry Trends and Forecast to 2023 to 2030.
Polyglycerol Esters Market Analysis and Size
The essential factors contributing to the growth of the global polyglycerol esters market in the forecast period of 2023 to 2020 include rising consumer awareness regarding the benefits of polyglycerol esters and stringent regulatory policies of the government.
Data Bridge Market Research analyses that the global polyglycerol esters market which was USD 10.24 billion in 2022, is expected to reach USD 15.79 billion by 2030, growing at a CAGR of 5.7% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyglycerol Esters Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Food Grade, Industrial Grade, Pharmaceutical Grade), Application (Personal Care, Lubricants, Food and Beverages, Surfactants and Detergents, Pharmaceuticals, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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DuPont (U.S.), Solvay (Belgium), Huntsman International LLC (U.S.), DAIKIN (Japan), Dow (U.S.), Ashland (U.S.), DAK Americas (U.S.), Esterchem Ltd. (U.K), Sumitomo Chemical Co., Ltd. (Japan), ABITEC (U.S.), ADM (U.S.), BASF SE (Germany), IFFCO (Turkey), AkzoNobel N.V. (Netherlands), Biotage (Sweden), Stepan Company (U.S.), DSM (Netherlands), CEM Corporation (U.S.), Fine Organics (India), Subhash Chemicals (India), Gattefosse (France) and Croda International (U.K.)
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Market Opportunities
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Market Definition
The polyglycerol esters are a family of food emulsifiers that are widely employed in the food business as they are amphiphilic in various types of food. Direct esterification of triglycerides and polyglycerol results in the production of the appropriate polyglycerol esters from polyglycerol and fatty acids.
Global Polyglycerol Esters Market Dynamics
Drivers
- High Demand Across the Cosmetics Industry and Food Industry
The market for polyglycerol esters is anticipated to develop as a result of rising demand from the cosmetics sector. The market for polyglycerol esters is also anticipated to increase as a result of rising emulsifier and stabilizer demand in the personal care and detergent industries. As a result of the growing demand for cosmetics and personal care products around the world, the polyglycerol esters market is growing along with the cosmetic sector. Additionally, the polyglycerol esters market growth is anticipated to be aided by their expanding use as food additives in the food industry. They are primarily used in processed foods, ice creams, and baked goods. It improves the texture of the food products by stabilizing and thickening the food. The global demand for processed food products is another factor contributing to the expansion of the global polyglycerol esters market.
Opportunities
- Stringent Regulations and Awareness
The market expansion of polyglycerol esters is anticipated to be constrained by a lack of adequate standardization for food-grade lubricants. In addition, there are limitations on the quantity of ester additives that can be used in the food sector. It is anticipated that all of these issues will impede market expansion.
Restraints/Challenges
- Fluctuating Raw Material Prices
The entire cost of the synthetic esters is impacted by the fluctuating price of crude oil as well as the raw ingredients used to prepare the chemically synthesized polyglycerol esters, which are made from petroleum products. This aspect is anticipated to challenge the global polyglycerol esters market growth rate.
This global polyglycerol esters 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, geographic expansions, technological innovations in the market. To gain more info on the global polyglycerol esters market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In July 2021, An MoU (Memorandum of Understanding) was signed between Verbio AG and Indian Oil Corporation Ltd. By utilising Verbio's technology and industry knowledge to produce biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and market them through Indian Oil's network, the MoU will investigate the feasibility of establishing a joint venture company
- In March 2021, Optimus technologies worked with Renewable Energy Group Inc. Through this partnership, biodiesel is delivered to fleets all around the United States. Biodiesel may now be used in fleets as B100, or with 100% blended biodiesel, thanks to new technology from Optimus
Global Polyglycerol Esters Market Scope
The global polyglycerol esters market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
Application
- Personal Care
- Lubricants
- Food and Beverages
- Surfactants and Detergents
- Pharmaceuticals
- Others
Global Polyglycerol Esters Market Analysis/Insights
The global polyglycerol esters market is analysed and market size insights and trends are provided by type and application as referenced above.
The countries covered in the global polyglycerol esters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the global polyglycerol esters market attributed to the increasing consumers and the prevalence of most manufacturers within the region.
Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2023-2030, due to the increasing demand of product in the region's personal care and cosmetics industry.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global 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 Global Polyglycerol Esters Market Share Analysis
The global polyglycerol esters 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, global 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 global polyglycerol esters market.
Some of the major players operating in the global polyglycerol esters market are:
- DuPont (U.S.)
- Solvay (Belgium)
- Huntsman International LLC (U.S.)
- DAIKIN (Japan)
- Dow (U.S.)
- Ashland (U.S.)
- DAK Americas (U.S.)
- Esterchem Ltd. (U.K)
- Sumitomo Chemical Co., Ltd. (Japan)
- ABITEC (U.S.)
- ADM (U.S.)
- BASF SE (Germany)
- IFFCO (Turkey)
- AkzoNobel N.V. (Netherlands)
- Biotage (Sweden)
- Stepan Company (U.S.)
- DSM (Netherlands)
- CEM Corporation (U.S.)
- Fine Organics (India)
- Subhash Chemicals (India)
- Gattefosse (France)
- Croda International (U.K.)
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