Glycerin: A Global Strategic Business Report
San Jose, California (PRWEB) November 10, 2011
Follow us on LinkedIn - The worldwide glycerin market is known for its unpredictable and complex nature as it is produced as a co-product of canola methyl ester production and is marketed in refined or crude form. Production of glycerin is directly affected by demand in several end use segments including pharmaceuticals, food and personal care.. Demand drivers for glycerin market include a wide range of existing applications, economical new end-uses, loyal end users who are unwilling to use substitutes, and eco-friendly nature of products. Further, as glycerin turns less expensive than other humectants, it stands to be the preferred choice among oleochemicals.
Global glycerin market witnessed a decline in demand in recent years, shadowing the slump in macro economy. The crude glycerin market was largely depressed in comparison to refined glycerin, due to the inability to transform crude glycerin into refined products. Nonetheless, the market has bottomed out of the recession and is displaying early signs of recovery. Operations as well as demand in the overall market for oleochemicals, including glycerin, improved considerably in 2010. However, increasing prices for feedstock is expected to hinder the market in the near term. 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 markets for glycerin. In addition, biodiesel derived glycerin finds new application in the production of epichlorohydrin, a chemical that is used for the production of epoxy resins, water purification and paper reinforcement. Thus, with the emergence of new applications and new derivatives for glycerin, the market is expected to be strong and buoyant in the coming few years.
As stated by the new market research report on Glycerin, Asia-Pacific constitutes the largest regional market. Increased applications of glycerin in various sectors such as pharmaceuticals, personal care and food & beverages, coupled with lower import duties in the Chinese market is expected to boost demand for glycerin in the Asia-Pacific region. Latin America is projected to register the fastest compounded annual growth rate of 6.75% over the analysis period. Worldwide consumption of refined glycerin is forecast to grow healthily in the coming few years. Glycerin use is consistent in high-volume applications such as pharmaceuticals, personal care products, food and beverages, and tobacco. Pharmaceuticals & Personal Care constitutes the largest end-use segment for Glycerin, while Food & Beverages constitutes the fastest growing end-use segment with a CAGR of 6.9% over the analysis period.
Biodiesel companies, oleochemical companies, and chemical companies are the major participants in the worldwide glycerin market. Major players in the marketplace include Cognis Corporation, Cremer Gruppe, Croda International Plc, Dial Corporation, Emery Oleochemicals LLC, FPG Oleochemicals Sdn. Bhd, Godrej Industries Ltd., IOI Oleochemical Industries Berhad, Kao Corporation, Kashima Chemical Co., Ltd, Procter & Gamble Chemicals, PT Cisadane Raya Chemicals, PT Sinar Oleochemical International, PT Sumi Asih Oleochemical Industry, PT Ecogreen Oleochemicals, PT Flora The Dow Chemical Company, Twin Rivers Technologies, Inc., United Coconut Chemicals, Inc. and Vitusa Products.
The research report titled "Glycerin: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in Million Pounds for glycerin market for the years 2009 through 2017. End-use markets analyzed include Pharmaceuticals & Personal Care; Food & Beverages; Tobacco; Polyether Polyols; Alkyd Resins; and Other Applications (includes Paints & Coatings, Lubricants, Textiles, Paper, Biological Research, Fabric Softeners, Cellophane, Explosives, and Epoxy Resins among others). Geographic markets analyzed include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Africa, and Latin America.
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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