North America Glycerin Market, By Process (Transesterification, Saponification and Fat Splitting), Source (Vegetable Oils, Biodiesel, Soaps, Synthetic, Fatty Acid, Fatty Alcohol and Others), Grade (Technical Grade and Pharmaceutical Grade), Application (Industrial Application and Chemical Intermediate), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the glycerin market will witness a CAGR of 7.95% for the forecast period of 2022-2029. Growth in the demand for glycerin especially in the developed economies, growing use of glycerin for a wide range of end user applications such as industrial application, chemical intermediate and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the glycerin market.
Glycerin is a compound that is manufactured using carbon, oxygen and hydrogen. Glycerin is a clear, colorless, sweet-tasting and dense fluid that is produced using the by-product during the processing of crude oil.
Rise in demand for glycerin by the pharmaceuticals industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for glycerin such as in the cosmetics and personal care products and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising demand and need for glycerin in the biodiesel applications, increase in urbanization and rise in per capita income, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies, lack of awareness and low profitability will dampen the market growth rate.
This 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 localised 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 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.
North America Glycerin Market Scope and Market Size
The glycerin market is segmented on the basis of process, source 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 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.
Glycerin Market Country Level Analysis
The glycerin market is analysed and market size, volume information is provided by country, process, source and application as referenced above.
The countries covered in the glycerin market report are U.S., Canada and Mexico.
U.S. in North America dominates the glycerin market owing to the increase in the research and development activities, high prevalence of skin care treatments and raising demand for bio-renewable chemicals and rising number of applications in various industrial sectors.
The country section of the 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 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 Glycerin Market Share Analysis
The 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, 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 glycerin market.
Some of the major players operating in the glycerin market report are Emery Oleochemicals, IOI Oleo GmbH, Wilmar International Ltd, Kuala Lumpur Kepong Berhad, Godrej Industries Limited, Croda International Plc, Cargill, Incorporated, Procter & Gamble, Kao Corporation, Avril Group, Dow, CREMER OLEO GmbH & Co. KG, PT SMART Tbk., Vitusa Products, Inc., PT. Bakrie Sumatera Plantations tbk., Twin Rivers Technologies, Inc., Pacific Oleochemicals Sdn Bhd, PT. Sumi Asih, Sakamoto Yakuhin kogyo Co., Ltd., PT. CISADANE RAYA CHEMICALS., Timur OleoChemicals among others.