The glycerol derivatives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glycerol Derivatives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The glycerol derivatives market size has grown strongly in recent years. It will grow from $15.04 billion in 2023 to $16.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased production of glycerol, increased focus on sustainability and reducing carbon footprint, increased demand from pharmaceuticals and cosmetics, and growth for the utilization of glycerol.
The glycerol derivatives market size is expected to see strong growth in the next few years. It will grow to $21.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing focus on sustainability and renewable resources, growing industrialization, increasing production of biodiesel, and growing demand for environmentally friendly chemicals, and increasing inventories. Major trends in the forecast period include advanced materials, healthcare innovations, advancements in green chemistry techniques, modular and scalable production systems, and collaboration and partnerships.
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Scope Of Glycerol Derivatives Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Glycerol Derivatives Market Overview
Market Drivers –
The increased food and beverage industry is expected to propel the growth of the glycerol derivatives market going forward. The food and beverage industry refers to the sector that involves the production, processing, distribution, and sale of food and drink products. The food and beverage industries are increasing due to urbanization, economic growth, rising incomes, health and wellness trends, globalization, and social media influence. Glycerol derivatives are integral to the food and beverage industry, offering a wide range of functionalities that improve product quality, stability, and consumer appeal. For instance, in January 2022, according to Atradius NV, a Netherlands-based insurance company, the UK’s food and beverage output increased by over 4.1% in 2021, following a 5.3% contraction in 2020. Therefore, the increased food and beverage industry is driving the growth of the glycerol derivatives market.
Market Trends –
Major companies operating in the glycerol derivatives market are focusing on developing innovative products, such as wax-based pearlizers, to enhance the functionality and appeal of their offerings. Wax-based pearlizers are additives that utilize glycerol derivatives, such as glycerol oleate, to achieve opacifying and pearlescent effects in personal care products. For instance, in December 2022, BASF SE, a Germany-based chemical company, launched Euperlan NL Pearl, the first COSMOS-compliant, wax-based pearlizer made for rinse-off applications. This new pearlizer is readily biodegradable and suitable for ethylene oxide and sulfate surfactant-free solutions. Euperlan NL Pearl is composed of naturally derived ingredients such as hydrogenated vegetable oil, cocamidopropyl betaine, and glyceryl oleate. This glycerol derivative, glyceryl oleate, acts as an emulsifier, emollient, and skin conditioning agent, contributing to the pearlizer’s excellent performance in hair care applications, including wet and dry combing tests, anti-hair breakage measurements, and suppleness tests.
The glycerol derivatives market covered in this report is segmented –
1) By Product: 4-(Hydroxymethyl)-1 3-Dioxolan-2-One, Polyglycerol, Propane-1 2 3-Triyl Triacetate, 1 3 Propanediol, Propylene Glycol, Other Products
2) By Grade: Bio-Based, Petroleum-Based
3) By End-Use: Food And Beverage, Pharmaceuticals, Cosmetics And Personal Care, Construction, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the glycerol derivatives market in 2023. The regions covered in the glycerol derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the glycerol derivatives market are Shell Plc, Cargill Incorporated, Archer Daniels Midland Company, BASF SE, The Procter & Gamble Company, The Dow Chemical Company, ThyssenKrupp AG, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, Merck KGaA, Evonik Industries AG, Solvay SA, Sasol Limited, Arkema SA, Akzo Nobel N.V., Kerry Group plc , Huntsman Corporation, Lonza Group AG, Nouryon, Clariant AG, Stepan Company, Croda International Plc, Tokyo Chemical Industry Co. Ltd., Sakamoto Yakuhin Kogyo Co. Ltd., Acuro Organics Limited, Haihang Industry Co. Ltd.
Table of Contents
- Executive Summary
- Glycerol Derivatives Market Characteristics
- Glycerol Derivatives Market Trends And Strategies
- Glycerol Derivatives Market – Macro Economic Scenario
- Global Glycerol Derivatives Market Size and Growth
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- Key Mergers And Acquisitions In The Glycerol Derivatives Market
- Glycerol Derivatives Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Glycerol Derivatives Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Glycerol Derivatives Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Glycerol Derivatives Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Shell Plc Financial Performance
Table 75: Cargill Incorporated Financial Performance
Table 76: Archer Daniels Midland Company Financial Performance
Table 77: BASF SE Financial Performance
Table 78: The Procter & Gamble Company Financial Performance
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