US Nylon Market size is expected to reach USD 28.79 billion by 2027

 Nylon Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the  Nylon market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Nylon Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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The US Nylon Market size is expected to reach USD 28.79 billion by 2027 while exhibiting a CAGR of 6.0% between 2020 and 2027. This is attributable to the increasing focus on developing innovative products and the growing demand for nylon 66 in the packaging industry across the globe. Fortune Business Insights™, in its latest report, titled, “US Nylon Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027,” observes that the market stood at USD 24.26 billion in 2019 and is projected to experience significant growth in the forthcoming years.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the US Nylon Market. The study assesses the market size of the Nylon industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Nylon Market Report:

Top players covered in US Nylon Market are DuPont, BASF SE, Lanxess AG, Nylon Corporation of America, Inc., Shenma Industrial, Ascend, Domo Chemicals, Radici Partecipazioni SpA, Invista, DSM, Formosa Group, etc

The following are some of the US Nylon Market Reports' Most Important Features:

1. Detailed market study of the Nylon market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Nylon Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Nylon Market Performance

Nylon Market Segmentation

Next, the research report reveals the development of the Nylon market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the Nylon Market:

The Nylon research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Nylon study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Nylon research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Nylon Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the US Nylon Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Nylon industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Nylon research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Nylon industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  Nylon Market Industry Analysis
Chapter 5. Nylon  Market, by Type
Chapter 6. Nylon  Market, by Application
Chapter 7. Nylon  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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US Chemical Synthesis Methyl Salicylate market Share, Outlook, and Global Opportunity Analysis, 2022-2029

 The global chemical synthesis methyl salicylate market size is projected to experience dynamic growth in the forthcoming years owing to the increasing demand for methyl salicylate across the industrial spectrum, observes Fortune Business Insights™

Methyl salicylate is an organic ester produced naturally using various species of plants. This chemical compound is used in many industries such as food and beverage, cosmetics, pharmaceutical, and others. There is a growing demand for methyl salicylate in the medical sector as this product is beneficial for the treatment of muscular as well as joint pains such as backache, arthritis, and others, which is expected to drive the growth of this market. Further, chemical synthesis methyl salicylate is widely used as a flavoring agent in chewing gums, mints, and other such delicacies in diluted concentrations, which is also an important factor responsible for the growth of this market.

However, the overdose of methyl salicylate is considered fatal for human health, which is projected to restrict the growth of this market.

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Market Segmentation:

On the basis of type, this market is divided into high-purity methyl salicylate and low-purity methyl salicylate. Based on application, the market is classified into pharmaceuticals, food and beverages, cosmetics, liniments, and others. By geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights/Summary:

This research report offers an in-depth study of the driving factors, restraints, and trends influencing the growth of the market. In addition, this report offers an exhaustive diagnosis of the market segments and regional developments in the market. Further, this report also incorporates a thorough assessment of the strategies adopted by market players to deepen their market footprint.

Drivers/Restraints:

Rising Demand for Methyl Salicylate in the Cosmetics Industry to Boost the Market

There has been an increasing demand for methyl salicylate in cosmetic products, such as massage oils, creams, and others, as it acts as a warming agent and analgesic, which helps to reduce pain and provides relief to the muscles and joints, an important factor responsible for this market’s growth. Further, chemical synthesis methyl salicylate is also used in perfumes and in oral hygiene products, such as mouthwash and others, where it acts as an antiseptic, which has resulted in the growth of this market. Furthermore, with the proliferation of supermarkets, departmental stores, and online shopping platforms in urban areas, the availability of personal care items has become widespread, generating another growth vista for this market.

Regional Insights:

Promising Growth of the Chemical Sector to Aid the Asia Pacific Market Expansion

Asia Pacific is foreseen to dominate in the chemical synthesis methyl salicylate market share on account of the sterling growth of the chemicals sector in China, India, and other Southeast Asian countries, which are producing this compound on a large scale in this region.

North America is projected to grow rapidly in this market due to the research and development activities in the pharmaceutical industry and the rising investments by the US and Canadian governments in the development of novel medicines. Europe is anticipated to expand speedily in the market on account of the fast-growing food industry, where there is a huge demand for chemical synthesis methyl salicylate in several food products and beverages, such as candies, peppermints, and almonds.

Competitive Landscape:

Strategic Alliances to Feed Market Competition

Key market players are actively collaborating with their competitors to strengthen their manufacturing and production capabilities for chemical synthesis methyl salicylate. Moreover, such partnerships are allowing the key companies to widen their presence in the market and expand their business horizons, especially in emerging economies.

List of Key Players Covered in Chemical Synthesis Methyl Salicylate Market Report:

• Novacyl
• Rhodia
• Norkem
• Rishabh Metals and Chemicals
• Arochem
• SCPL
• Shandong Longxin Chemical
• Zhenjiang Gaopeng Pharmaceutical

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US Lime Market Size, Share, Growth, Demand till 2029

US Lime Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the  US Lime market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  US Lime Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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The US Lime market size was valued at USD 40.07 billion in 2021. The market is projected to grow from USD 40.94 billion in 2022 to USD 49.17 billion by 2029, exhibiting a CAGR of 2.7% during the forecast period. This information is provided by Fortune Business Insights, in its report, titled, “US Lime Market, 2022-2029.” The usage of the product to treat wastewater and duct gases is attaining momentum as it can contain contaminations such as lead and sulphur dioxide gases.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the US Lime market. The study assesses the market size of the US Lime industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Lime Market Report:

Top companies covered in the US Lime market are Carmeuse (Belgium), Lhoist Group (Belgium), Graymont Limited (Canada), Mississippi US Lime Company (U.S.), United States US Lime & Minerals Inc. (U.S.), Afrimat (South Africa), Linwood Mining & Minerals Corporation (U.S.), Minerals Technologies, Inc. (U.S.), Cheney US Lime & Cement Company (U.S.), Pete Lien & Sons, Inc. (U.S.), Cape US Lime (Pty) Ltd. (South Africa), Sigma Minerals Ltd. (India), Valley Mineral LLC (U.S.), Cornish US Lime (UK), and other key players profiled

The following are some of the US Lime Market Reports' Most Important Features:

1. Detailed market study of the US Lime market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US Lime Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the US Lime Market Performance

US Lime Market Segmentation

Next, the research report reveals the development of the US Lime market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the US Lime Market:

The US Lime research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the US Lime study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The US Lime research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Lime Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the US Lime Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding US Lime industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the US Lime research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the US Lime industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  US Lime Market Industry Analysis
Chapter 5. US Lime  Market, by Type
Chapter 6. US Lime  Market, by Application
Chapter 7. US Lime  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Europe Glass Packaging Market Size, Global, Growth, Share, Overview and Forecast by 2027

The Europe glass packaging market is likely to rise prominently in the coming years on account of the increasing use of glass bottles for packaging food and beverage products. Glass packaging is considered safe for consumers and has been used for food and beverage products for a long time. states that the value of this market was USD 19.24 billion in 2019 and will rise at a CAGR of 4.38% to reach USD 22.01 billion by the end of 2027.

The report answers the following questions:

• What is the competitive nature of this market?
• Who are the key players of the market for Europe glass packaging and what are their key strategies?
• Which are the key end-users present in the market?
• What are the major industry developments of this market

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Drivers & Restraints-

Growing Popularity of Bottled Beverages to Add Impetus to Market

The increasing demand for glass packaging from the food and beverage sector is a key factor boosting the Europe glass packaging market growth. Most of the alcoholic and non-alcoholic beverages such as milk, beer, sauces, juices, and others are packed in glass containers and bottles as glass helps to maintain the authenticity of the product stored in it without disrupting the taste or smell. Additionally, the increasing awareness about health and fitness and the rising inclination of people towards healthy food and drinks are expected to aid in the expansion of the market in the coming years.

On the contrary, the presence of substitutes such as plastic, paper and board, and metal packaging may hamper the market growth in the coming years. The increasing popularity of metal cans is likely to cause major hindrance to the europe glass packaging market. Nevertheless, the rising awareness about environment-friendly products is propelling the use of sustainable and eco-friendly packaging, thereby creating lucrative growth opportunities for the market in the near future.

Segmentation-

Beverages Segment to Cover Largest Share in the Coming Years

With respect to segmentation by end-use industries, the beverage segment earned 73.18% Europe glass packaging market share in 2019 and emerged dominant. The beer industry holds the major share, contributing to maximum shares in the beverage sector. Food industry, on the other hand, holds the second largest share.

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Regional Analysis-

West European Nations hold Highest Share Owing to Increasing Inclination towards Environment-friendly Products

Nation wise, the western nations such as the United Kingdom, France, Germany, and Italy are holding more than 55% share and held the largest market share in 2019. They are further expected to continue doing so in the coming years owing to the rising inclination towards environment-friendly packaging products.

Competitive Landscape-

Vendors are Engaging in Joint Ventures to Gain Competitive Edge

The competitive landscape of the market for Europe glass packaging is bestowed by many players. Most of them are engaging in joint ventures and other collaborative agreements to hold significant position in the europe glass packaging market competition. The others are investing in strengthening their portfolio by expanding to other nations such as Portugal and Spain.

Some Industry Developments of the Market include:

October 2019 – Renovation of clear-glass furnace was successfully completed by Gerresheimer AG. It installed a new and improved technology in the factory will help to reduce the energy needs and multiply the overall glass production capacity for its consumers in the healthcare and pharmaceutical industry.

Some of the Key Players of the Market for Europe Glass Packaging include:

• Ardagh Group S.A.
• Steklarna Hrastnik, d. o. o.
• Bruni Glass
• Groupe Pochet
• Vetropack Group
• Gerresheimer AG
• HEINZ-GLAS GmbH & Co. KGaA
• Verallia
• Bormioli Luigi SpA
• Stolzle-Oberglas GmbH
• Others

 

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Conductive Silicone Rubber Market to See Booming Growth by 2028

 The conductive silicone rubber market size was USD 9.88 billion in 2020. The market is projected to grow from USD 10.65 billion in 2021 to USD 17.88 billion in 2028 at a CAGR of 7.7% in the 2021-2028 period.

This information is provided by Fortune Business Insights, in its report, titled, “Conductive Silicone Rubber Market, 2021-2028”.

According to our expert analysts, in electrical applications, the use of conductive silicone rubber provides good electromagnetic shielding as well as protection from electrostatic discharge. Silicone rubbers with excellent elasticity, flexibility, and mechanical qualities are known as conductive silicone rubbers. They have good thermal and electrical conductivity. They are also resistant to heat, cold, and other extreme weather situations.

COVID-19 Impacts:

Supply Chain Disruptions to Hamper Market Growth

There is no doubt that the COVID-19 lockdown has considerably impacted production operations, resulting in nationwide shutdowns of manufacturing facilities, manpower shortages, and a global supply and demand chain downturn. According to studies, the outbreak of COVID-19 caused a sharp drop in automotive production in 2020 due to a lack of procedures in multiple countries around the globe. The disruption in the conductive silicone rubber market was caused by changes in raw material supply frequencies, logistics and shipping norms, and a lack of staff.

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Report Coverage:

The report provides a comprehensive overview of the market's analysis. The report's market estimations are based on extensive secondary research, primary interviews, and in-house expert reviews. The impact of different social, political, and economic aspects, and current market dynamics, on the conductive silicone rubber market growth has been factored into these market estimates.

Segmentation:

Based on type, the market is segmented into electrically conductive and thermally conductive.

On the basis of application, the market is segregated into automotive, electrical & electronics, industrial, and others.

Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Drivers and Restraints:

Exceptional Properties Compared to Normal Conductors to Stimulate Growth

Conductive silicone rubbers are widely employed in a range of end-user industries due to their thermal and electrically conductive properties. Electrically conductive silicone rubber is used in conductors, cables, EMI shielding gaskets, and ESD shielding applications in the electrical and electronics industries. EMP protection and wave directing applications use silicone rubbers with conductive characteristics. They are used in military and aerospace equipment because of their EMI shielding properties. Silicone is chemically resistant, biocompatible, and hypoallergenic due to its inert nature. The demand for conductive silicone rubber has increased dramatically due to these excellent qualities, further accelerating growth.

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Regional Insights:

Asia Pacific is expected to dominate the conductive silicone rubber market share. Increased economies, paired with rising purchasing power, enabled significant growth in the electronic, electrical, and automotive industries in countries such as China, India, and South Korea. Therefore, the need for conductive silicone elastomers has increased dramatically.

One of the most important markets for conductive silicone rubber is Europe. The need for electrically conductive silicone rubbers is being driven by the presence of a significant automobile production base. Furthermore, the large number of manufacturers present in European countries will contribute significantly to market growth.

In North America, demand for conductive silicone rubber has been driven by growth in key end-user sectors in industrialized countries such as the U.S. and Canada.

Competitive Landscape:

Companies Adopt Technologically Advanced Production Techniques to Improve Market Position

Major market players are investing in research and development to produce higher-quality products with more features. In addition, the corporations are pushing strategic collaborations in order to boost their R&D activities. Businesses place a strong emphasis on expanding their service areas in order to increase market share and income. Companies are working hard to introduce new consumer items to keep up with changing consumer preferences.

Key Industry Development:

• January 2021: Novationsi launched a new HCR healthcare compound that improves the electrical properties of silicone elastomers.

List of Key Players Mentioned in the Report:

• Wacker Chemie (Germany)
• Shin Etsu (Japan)
• Momentive Performance Materials (U.S)
• Dow Corning (U.S)
• Novation Solutions (Hong Kong)
• Specialty Silicone Products Inc. (U.S)
• KCC corporation (South Korea)
• Simolex rubber Corporation (U.S)
• Western Polyrub India (India)
• Soliani EMC s.r.l (Italy)

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Aliphatic Solvents and Thinners Market Facts, Development and Growth by 2029 2026 | Acquisition of Dow Chemical by SK Global Chemicals to Foster Growth

 The increasing demand from the paints and coatings industry is expected to bolster the healthy growth of the market, states Fortune Business Insights, in a report, The surging demand for refrigerants and lubricants can foster the growth of the market during the forecast period.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. 

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The report on the aliphatic solvents and thinners market includes:

• Greater insights into the market
• Well-analyzed data with facts and figures
• Key growth exhibitors
• Factors restricting market
• Latest market trends
• Market drivers

Market Driver:

Acquisition of Dow Chemical by SK Global Chemicals to Foster Growth

The increasing acquisitions and partnerships among key players can have an outstanding impact on the market. For instance, in September 2017, SK Global Chemicals announced it has completed Dow Chemical's acquisition. Through this, SK Global has received the rights of production facilities at Freeport, Texas, and Tarragona manufacturing facilities in the EAA business. Aliphatic solvents and thinners are aliphatic hydrocarbons that are used as solvents. These solvents are generally derived from petroleum and crude oil. The growing demand for refrigerants, propellants, lubricants, cleaning agents, chemical intermediates, and others from end-use sectors can significantly impact the market. The aliphatic solvents are majorly used as thinners in paints and coatings. The use of solvents for making soaps and other cleaning and degrading agents is expected to spur demand in the foreseeable future. These solvents make the paints durable and enhance their performance. The increasing demand paints and coatings industry is expected to enable speedy expansion of the market in the forthcoming years. However, aliphatic solvents produce poisonous gases, which, in turn, can dampen the growth of the market.

Regional Analysis:

Presence of Key Manufacturers to Enable Growth in Asia Pacific

Asia Pacific is expected to dominate the market due to the heavy demand from the paints& coatings industry. The presence of key manufacturers can create opportunities for the market during the forecast period. North America is expected to exhibit significant growth due to the increasing demand from various industries. Europe is expected to rise exponentially during the forecast period due to European countries' demand for varnishes and solvents. Besides, the rapid industrialization in Europe is expected to aid expansion for aliphatic solvents from various end-use industries. Latin America, Middle East, and Africa are expected to exhibit considerable growth during the forecast period due to the regions' developing industries.

Key Development

December 2019: BASF announced the construction of a new facility to produce automotive refinish coatings and chemicals.

The Report Lists the Key Companies in the Global Aliphatic Solvents and Thinners Market:

• ExxonMobil Chemical, Inc.
• Royal Dutch Shell Plc
• Gotham Industries
• Recochem Inc.
• M. Barr
• NOCO Energy Corporation
• SK Global Chemical Co., Ltd.
• BASF SE
• Ganga Rasayanie

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Glycerine Market to Show Incredible Growth and Forecast by 2028

The global glycerine market size is expected to reach USD 2.53 billion by 2028, exhibiting a CAGR of 5.3% during the forecast period. The increasing demand for bio-based fuels, such as biodiesel backed by rapid industrialization and urbanization, will aid the expansion of this market. This information is given by Fortune Business Insights™ in a report titled, “Glycerine Market, 2021-2028.” The report further states that the market size was USD 1.68 billion in 2020.

COVID-19 Pandemic: Rising Demand for Hand Sanitizers to Accelerate Growth

The emergence of the COVID-19 pandemic has surged the demand for hand sanitizers exponentially. Glycerin is mainly used in small proportions to manufacture hand rubs and sanitizers. The World Health Organization (WHO), for instance, released its ethanol-based hand rub formulation containing 1.45% glycerol to protect healthcare workers’ skin against dermatitis and dryness. We are providing in-depth reports to help you better understand the current situation. 

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How Was This Report Developed?

Our highly skilled analysts have conducted extensive primary and secondary research to create this special report containing COVID-19 impact. Through desk research, they came up with relevant qualitative and quantitative data associated with research objectives. They have analyzed the data sourced through primary research, thereby building recommendations and conclusions. The secondary research includes Porter’s Five Forces analysis to gain insights into the bargaining power of every link present in the value chain.

Competitive Landscape-

Key Players Focus on Expanding Their Production Capacities to Intensify Competition

The market houses a large number of prominent manufacturers that are mainly focusing on expanding their production capacities to fulfill the high demand. Some of the others are using glycerine in the manufacturing of hand sanitizers to tackle the growing demand amid the COVID-19 pandemic. Below are the two latest industry developments:

• July 2020: Versalis, a wholly-owned subsidiary of Eni, started producing a new range of liquid hand disinfectants to meet the rising demand amid the COVID-19 pandemic. It will be marketed under the name ‘Invix.’ It was developed on the basis of the World Health Organization’s formulation. It contains glycerine as an emollient.
• September 2019: Emery Oleochemicals announced its investment in its Technical Development Center (TDC) in Germany to cater to the increasing demand. Every product is tested here. Also, the beneficial effect of additives is improved and adjusted. This new investment will strengthen the company’s position in the market.

A list of all the renowned glycerine producers operating in the global market:

• Wilmar International (Singapore)
• Emery Oleochemicals (Malaysia)
• IOI Group (Malaysia)
• KLK OLEO (Malaysia)
• Croda International (U.K.)
• Kao Corporation (Japan)
• Cargill Inc. (U.S.)
• Godrej Industries (India)
• P&G Chemicals (U.S.)
• Cremer Oleo GmbH & Co. Kg (Germany)
• Groupe Avril (France)
• GLACONCHEMIE (Germany)
• Granol (Brazil)
• Timur Oleochemicals (Malaysia)
• Sakamoto Yakuhin Kogyo Co., Ltd. (Japan)

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Drivers & Restraints-

Rising Adoption of Natural & Organic Ingredients by Cosmetics Firms to Aid Growth

The rising inclination of consumers towards natural personal care and cosmetics products is set to propel the glycerine market growth in the coming years. This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients. Hence, multiple reputed cosmetic manufacturers, such as L’Oréal, P&G, Unilever, and Johnson & Johnson, are extensively using natural and organic ingredients to cater to the high demand. However, as glycerine is obtained during the biodiesel manufacturing process as a by-product, refiners are facing challenges in terms of profit margins and production owing to the fluctuations in prices. It may hinder growth.

Segment-

Personal Care Segment to Generate Largest Share Backed by Usage in Toothpaste & Soaps

Based on the application, the personal care segment generated 25.4% in terms of glycerine market share in 2020. This growth is attributable to the increasing usage of glycerine in the production of shaving cream, toothpaste, soaps, hair care, and skincare products. The segment is anticipated to procure the largest share throughout the forthcoming years, stoked by the ability of the product to provide conditioning and reduced viscosity.

Regional Analysis-

Expansion of Personal Care Industry to Propel Growth in Asia Pacific

Geographically, Asia Pacific held USD 0.73 billion in terms of revenue in 2020, on account of the presence of some of the top companies in Japan, India, Indonesia, and Malaysia. China is set to dominate the regional market because of the expansion of the chemical, food, and personal care industry in the country. The USP grade segment accounted for a 49.7% share in China.

Europe, on the other hand, is a key producer of glycerol and biodiesel worldwide. The rising production of biodiesel stoked by the increasing demand from various European countries would accelerate growth. Besides, the high demand for glycerine from the personal care and chemical industries in the U.S. will drive growth in North America.

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