Glycerol market seen increasing 6.3% annually through 2018

November 18, 2014 |

In New York state, according to a new market report published by Transparency Market Research “Glycerol Market by Source – Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2012 – 2018,” the global demand for glycerol was 1,995.5 kilo tons in 2011 and is expected to reach 3,060.4 kilo tons by 2018, growing at a CAGR of 6.3% from 2012 to 2018. In terms of revenues, glycerol demand is expected to reach $2.1 billion in 2018, growing at a CAGR of 7.7% from 2012 to 2018.

Growing demand from the major end use industries such as personal care, pharmaceuticals and foods & beverages is expected to drive glycerol demand over the next five years. In addition, over the last three years, glycerol has been increasingly explored as a platform chemical for a host of renewable chemical intermediates. However; uncertainty of feedstock supply, coupled with low refining margins have emerged as a key challenge for market participants.

 

Category: Fuels

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