The Global Glycerol Market is expected to reach USD 2.52
billion by 2020, according to a new study by Grand View Research, Inc.
Biodiesel emerged as the leading source of glycerol, accounting for over 1,400
kilo tons of glycerol production in 2013. Growing application market coupled
with increased production of oleochemicals in Asia Pacific is expected to
augment glycerol demand over the forecast period.
Personal care and pharmaceuticals
were the largest application segment, with glycerol consumption exceeding 870
kilo tons in 2013. However, food & beverage is expected to be the fastest
growing application segment at an estimated CAGR of 8.4% from 2014 to 2020,
owing to improving lifestyle in emerging economies leading to increased
consumption of processed and packed foods.
Browse full research report on
Glycerol
Market
Further key findings from
the report suggest:
- Global
glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach
3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
- Biodiesel was
the largest source for production of glycerol accounting for 62.96% of the
market in 2013. However, fatty alcohols are expected to be the fastest
growing source for glycerol production at an estimated CAGR of 8.3% from
2014 to 2020.
- Alkyd resins
and foods & beverages followed personal care & pharmaceuticals
accounting for a market volume of 12.94% and 12.22% respectively.
- Asia Pacific
was the leading regional market and accounted for 37% of market volume in
2013. It is also expected to be the fastest growing market for glycerol at
an estimated CAGR of 7.8% from 2014 to 2020.
- The global
glycerol market is highly concentrated with the top four companies
including IOI Group, KL Kepong, Emery Oleochemicals and Wilmar International
accounting for over 65% of market revenue in 2013. Other companies
operating in the market include P&G, Kao Corporation, Cremer Gruppe
and Oleon.
For
more information: http://www.grandviewresearch.com
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