Selbyville, Delaware, Sept. 21, 2022 (GLOBE NEWSWIRE) --
The glycerol market value is anticipated to exceed USD 4 billion by 2030, according to a new research report by Global Market Insights Inc. Rapid proliferation of the food & beverages industry as a leading factor fostering the market trends.
Extensive utilization in animal feed products to bolster the demand for crude glycerol
Glycerol market from crude glycerol segment is poised to gain significant momentum by 2030. The considerable rise in biodiesel production, driven by the rising environmental concerns and growing emphasis on the utilization of biofuels, is seen as the primary factor positively influencing industry statistics. Crude glycerol is used as a potential ingredient in animal feeds. It is also utilized as chemical feedstock due to its proven impact in enhancing the feed conversion ratio.
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Increasing administrative support to aid the growth of fatty alcohols segment
fatty alcohols segment was valued more than USD 200 million in 2021 and is speculated to expand at over 7% CAGR between 2022 and 2030. The growing consumer inclination toward natural ingredients and products may stimulate the market outlook. Besides, the escalating rollouts of several government-backed initiatives focusing on boosting fatty alcohol adoption.
Escalating regulatory approvals to foster business landscape
Glycerol market from food & beverages segment is anticipated to cross USD 1 billion by 2030. Glycerol is extensively utilized for moisture management, oil-water emulsion stability, and as a thickening agent in a range of beverages and food products, including energy & nutrition bars, soft candies, condiments, dried fruits, diet foods, cake icings, etc. Glycerol has secured the regulatory nod from several regulatory authorities, including the U.S. Food and Drug Administration.
Browse key industry insights spread 260 pages with 305 market data tables & 12 figures & charts from the report, “Glycerol Market Analysis By Product Type (Crude, Refined), Source (Biodiesel, Fatty Acids, Fatty Alcohols, Soap Industry), Application (Personal Care & Pharmaceuticals, Alkyd Resins, Foods & Beverages, Polyether Polyols, Tobacco Humectants), Downstream Application (Propylene glycol, Epichlorohydrin, Acrylic Acid, 1,3-Propanediol, Acrylonitrile), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/glycerol-market-size
Proliferating demand from end-use industries to push the acrylic acid segment expansion
acrylic acid segment expected to exhibit over 7% CAGR from 2022 to 2030. The wide range of applications of acrylic acid in several end-use verticals, including plastics, latex, paints & coatings, polish, emulsion polymers, etc. In addition, the growing product utilization as a chemical intermediate and molding powder for construction units, signs, and emblems may increase the market share.
Robust economic landscape to drive product demand in Europe
Europe glycerol market is likely to exceed USD 1 billion by 2030, owing to the surging demand for beverages, processed food, and bakery products in countries such as Italy, Germany, and the U.K. Glycerol is witnessing significant momentum due to the proliferation of personal care and cosmetics industries in the region, driven by the positive economic outlook, rising disposable incomes, and increasing inclination towards beauty and aesthetics, generating revenues for the regional market.
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Rising environmental concerns to strengthen the competitive outlook
Major companies partaking in the global glycerol market include P&G Chemicals, Kao Corporation, Archer Daniel Midland, Wilmar International, Dow Chemical Company, and BASF. These organizations have been actively strengthening their strategic position and introducing sustainable technologies focused on minimizing carbon footprints and environmental impact while delivering improved products to consumers.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
