Glycerin: A Global Strategic Business Report
San Jose, California (Vocus) October 29, 2010
Worldwide glycerin market is known for its unpredictable and complex nature, as the chemical is produced as a co-product. Production of the chemical is directly affected by the demand for various end-use segments. Demand for glycerin plummeted during 2008 and 2009 because of slump in macro economy. Lower demand from end-use sectors including the pharmaceuticals & personal care, food & beverages, tobacco, polyether polyols, and alkyd resins during the recession period hampered the market prospects. The negative impact of the recession was clearly evident across various geographies. Nevertheless, glycerin market is expected to recover by 2011 and sustain growth momentum in the ensuing years. Increased demand is likely to emanate from various end-use areas such as oral care, personal care, pharmaceuticals, and food and beverage. In addition, usage of glycerin in various novel applications such as propylene glycol, syngas and epichlorohydrin is expected to improve glycerin demand in the near term.
Asia-Pacific represents the largest as well as fastest growing regional market for glycerin worldwide, as stated by the new market research report on Glycerin. Asia-Pacific surpassed Europe as the largest market in 2009 driven by increased applications of glycerin in various sectors such as pharmaceuticals, personal care and food & beverages; and lower import duties in certain Asian markets. Asia-Pacific glycerin market is portended to register the fastest CAGR of about 3.3% over the 2007-2015 period. Europe represents the other principal market for glycerin.
Pharmaceuticals & Personal Care category constitutes the largest as well as fastest growing end-use application of glycerin. Glycerin provides lubrication and improves smoothness in the medical and pharmaceutical preparations such as elixirs, cough syrups and expectorants. In the personal care category, glycerin finds application as a humectant, solvent and lubricant in soaps, toothpaste, mouthwashes, hair care products and skin care products. Food & Beverages represents the second largest end-use segment for glycerin.
Glycerin has become one of the most basic and essential components for cereal manufacturers and dried fruit processors due to its capability to enhance shelf life of products. Besides preventing moisture loss and preserving texture of food products, glycerin also builds humectancy of cereals, raisins and dried fruits. As glycerin is less expensive than other humectants such as propylene glycol and sorbitol, glycerin stands to be the preferred choice. Setting up of new plants for conversion of glycerin into polyols including ethylene glycol and propylene glycol is forecast to open a wide range of downstream market opportunities for glycerin. In addition, glycerin derived from biodiesel potentially finds new application in the production of epichlorohydrin, a chemical that is used for the production of epoxy resins, water purification and paper reinforcement.
Major players profiled in the report include Acidchem International Sdn. Bhd, Croda International Plc, Emery Oleochemicals LLC, FPG Oleochemicals Sdn. Bhd, Godrej Industries Ltd., IOI Oleochemical Industries Berhad, Kao Corporation, Kao Corporation, Pacific Oleochemicals Sdn Bhd, Procter & Gamble Chemicals, PT Sinar Oleochemical International, PT Sumi Asih Oleochemical Industry, The Dow Chemical Company, Twin Rivers Technologies Inc, United Coconut Chemicals Inc., Vitusa Products Inc., among others.
The research report titled “Glycerin: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the glycerin markets, impact of recession on the markets, current market trends, key growth drivers, product overview, end-use industry analysis, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for glycerin market for the years 2007 through 2015 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Key end-use segments analyzed include Pharmaceuticals & Personal Care, Food & Beverages, Tobacco, Polyether Polyols, Alkyd Resins, and Others. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Glycerin_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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