Summary: The Report Contains Glycerol Market Size By Source (Biodiesel, Fatty Acids, Fatty Alcohols), By Application (Personal Care, Alkyd Resins, Polyether Polyols Applications), Downstream Opportunities, Competitive Analysis & Forecast, 2012 - 2022 Industry review International glycerol market size was approximate at USD 1.64 billion in 2014 and is approximate to increase at 7.9% from 2015 to 2022.
Surging cosmetics demand in European countries like a Germany, France and UK is anticipate driving glycerol market demand, particularly as a moisturizer in personal care products.
International oleochemical market was 14.6 million tons in 2013 and is expected to outrun 20 million tons by 2020, increasing at over 4.5%.
Over the last few years, oleochemicals have accounted for 10 to 15% of International vegetable oil consumption, of which only 2% is used for production.
On account of billowy food consumption, edible fat availableness as a material production is predicted to be tight which can drive glycerin worth over the forecast amount.Increase in demand for this product as a results of rising life-style plus rising health awareness among population in rising markets of Asia Pacific and Latin America is anticipated to be a key driver for growth.
Source Overview Low cost product, derived from bio-diesel as a result of increasing capacity as replacement for conventional diesel owing to biodegradable, renewable, non-toxic properties and lesser emissions has seen it emerge because the largest glycerol supply, accounting for over 67% of demand in 2014.Fatty acids and soaps square measure expected to witness a decline in demand as sources over future 7 years.