Glycerol Market Segmentation & Manufacturing Cost Analysis Till 2020 “The global glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.� The global Glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.. The increase in production of oleochemicals coupled with growing downstream opportunities is anticipated to propel market demand over the forecast period. Declining usage of synthetic products such as propylene glycol is likely to fuel consumption of glycerol. Glycerol also is known as glycerin, it’s a core compound of all triglycerides. Glycerol can be sourced either from artificial or natural means depending on a raw material used in its manufacturing. Glycerol finds its applications in preservatives, antifreeze chemicals, explosives, and food sweeteners due to its chemical properties. Growing healthcare technologies are likely to drive the market growth over the forecast period. Uncertain feedstock supply, fewer profit margins for refinement processes can act as a restraint to the glycerol market. Unstable government legislations and industry subsidies are affecting the profitability of manufacturers which is expected to have a negative impact on glycerol production. Source Insights The major sources of glycerol are biodiesel, fatty acids, and fatty alcohols. In recent times, bio-diesel is the largest source for the production of glycerol. The process of using bio-diesel alcohol in glycerol production is known as transesterification process, which is economical over other synthetic processes. Saponification and hydrolysis are the other methods of glycerol production. Application Insights Pharmaceuticals and personal care were the largest application segment of this market.
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