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Global Glycerol Market it is anticipated to reach at market value of US$ 4.2 Bn by 2027

Bizizz Market Research has recently published a research report, “Glycerol Market by Source (Fatty Alcohols, Fatty Acids, and Biodiesel) by Application (Polyether Polyols, Alkyd Resins, Personal Care, Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.

As per the report, Global Glycerol Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 4.2 Bn by 2027, witnessing a CAGR of 6.2 % during the forecast period. Key drivers of the market are rising demand from end-use industries, growing number of patients suffering from infectious diseases, and advantages associated with glycerol.

Glycerol is majorly being used in several consumer products owing to its nutritious and non-toxic properties. The glycerol has applications in variety of personal care products including moisturizers, toothpaste, cosmetics, and hair conditioners. This compound helps to moisturize the skin and make it smooth. Also, it protects the skin from irritants. This is anticipated to boost the growth of global glycerol market during the forecast period.

The Glycerol Market Is Anticipated To Register A CAGR Of Over 4.2% During The Forecast Period.

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High Cost Associated with Raw Materials Might Hamper The Market Growth

Increasing price trend of fatty oil and vegetable which are the major sources of glycerol might act as a limiting factor for the market growth. Moreover, with rising demand from pharmaceutical and food industry, cost of raw materials is increasing significantly which might affect the market growth.

By Application, Personal Care Segment Held A Prominent Share In Global Glycerol Market In 2018

Glycerol has registered a huge adoption from personal care sector. The compound contains nutritious and healing property which makes it suitable for skin care and hair care products. Rising demand for these products couples with consciousness regarding physical appearance among working population is expected to poise a positive impact on the segment growth.

EuropeIs Anticipated To Hold Prominent Share During the Forecast Period

Europe is projected to occupy significant share throughout the forecast period. The region registered 32.5 % market share in 2018. Europe has major production capability for propylene glycol and epichlorohydrin in which glycerol is considered as the main raw material. Moreover, significant growth in personal care sector is expected to favor the regional growth in forthcoming years. 

Global Glycerol market is moderately fragment in nature. The market is experience high competition among major industry players. Companies are focused on strategic merger & acquisition with local and global players intended to increase growth potential in global market.

Prominent players operating in the Global Glycerol Market are: Vitusa Product, Cognis Corporation, Emery Oleochemicals LLC, Sofiprotéol Group, Cremer Gruppe, Wilmar International, Dial Corporation, Procter & Gamble Chemicals, Kashima Chemical Co., Ltd., Solvay SA, Sumi Asih Oleochemical Industry, Kuala Lumpur Kepong Berhad, and Sakamoto Yakuhin Kogyo Company Ltd., among others.

Impact of COVID-19 on Economy, Industry and Company 

The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.

At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.

Areas at which Bizizz Market Research would help decision makers are:

a) Insights on current demand & supply gap analysis

b) Impact on value chain and supply chain and strategies adopted to off set its impact           

c) Impact on Industry / company revenue and predictive intelligence on forecast sales

d) In-depth analysis on market segmentation – both value and volume analysis

e) Market assessment, regional and country attractiveness, competitive benchmarking                         
    and entry strategy

f) Prioritizing strategies and how it would impact company’s short to long-term business

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