Global Glycerin Market Projected to Show Strong Growth by 2024

Global Glycerin Market is expected to reach 6,261.75 thousand metric tons by 2024 from 3,551.00 thousand metric tons in 2016, at a CAGR of 7.5%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors. On the other hand, availability of substitutes and low profitability may hinder the growth of the market.

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Market Segmentation: Global Glycerin Market

The Global glycerin market is segmented on the basis of grade, source, application and downstream. On the basis of grade, the glycerin market is segmented into ; refined glycerin, crude glycerin, natural glycerin and blonde glycerin. In 2017, crude glycerin segment is expected to dominate the Global glycerin market with 49.1% market share and is expected to reach 2,783.10 thousand metric tons by 2024, growing with the highest CAGR of 6.0% in the forecast period 2017 to 2024.

• On the basis of source the Global glycerin market is segmented into biodiesel, fatty acid, fatty alcohol, soap, vegetable oils, synthetic and others. In 2017, biodiesel is expected to dominate the Global glycerin market with 66.0% market share and is expected to reach 4,364.55 thousand metric tons by 2024, growing with a CAGR of 8.3% in the forecast period 2017 to 2024.
• On the basis of application the glycerin market is segmented into personal care, food & beverage, healthcare & pharmaceuticals, oral care, alkyd resins, tobacco humectants and others. In 2017, personal care & cosmetic products is expected to dominate the Global glycerin market with 29.4% market share and is expected to reach 2,056.36 thousand metric tons by 2024, growing with a CAGR of 9.2% in the forecast period 2017 to 2024.
• On the basis of downstream the glycerin market is segmented into Propanediol, Propylene glycol, Epichlorohydrin and others. In 2017, propanediol is expected to dominate the Global glycerin market with 40.6% market share and is expected to reach 2,399.11 thousand metric tons by 2024, growing with a CAGR of 6.6% in the forecast period 2017 to 2024.

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Key Drivers: Global Glycerin Market

The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors.Availability of substitutes and low profitability may hinder the growth of the market.

Focus of the report

1. CAGR values in the market for the forecast period
2. Key trends in the market place
3. Major players and brands
4. Historical and current market size and projection up to 2026.
5. Detailed overview of parent market
6. Changing market dynamics of the industry

Reasons to Purchase this Report

• Current and future of global dermatology drugs market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.