The Europe glycerin market is accounted to reach USD 1,467.61 thousand metric tons by 2024, from 901.95 thousand metric tons in 2016 growing at a CAGR of 6.4% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are growth in biodiesel production and wide range of application in various industrial sectors. The glycerin market in the Europe region is leading in Germany.
The key market players for Europe glycerin market are listed below;
Cargill
Archer Daniels Midland Company and
Procter & Gamble.
The market is further segmented into;
grade,
source,
application and
downstream technology
The Europe glycerin market is segmented on the basis of grade, source, application and downstream. On the basis of grade, the Europe glycerin market is segmented into; refined glycerin, crude glycerin, natural glycerin and blonde glycerin. In 2017, crude glycerin segment is expected to dominate the Europe glycerin market with 63.2% market share and is expected to reach 847.13 thousand metric tons by 2024, growing with the highest CAGR of 5.2% in the forecast period 2017 to 2024.
On the basis of source the Europe glycerin market is segmented into biodiesel, fatty acid, fatty alcohol, soap, vegetable oils, synthetic and others. In 2017, biodiesel is expected to dominate the Europe glycerin market with 64.8% market share and is expected to reach 1,017.83 thousand metric tons by 2024, growing with a CAGR of 7.3% in the forecast period 2017 to 2024.
On the basis of application the Europe 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 Europe glycerin market with 28.2% market share and is expected to reach 475.98 thousand metric tons by 2024, growing with a CAGR of 8.3% in the forecast period 2017 to 2024.
On the basis of downstream the Europe glycerin market is segmented into Propanediol, Propylene glycol, Epichlorohydrin and others. In 2017, propanediol is expected to dominate the Europe glycerin market with 40.1% market share and is expected to reach 552.71 thousand metric tons by 2024, growing with a CAGR of 5.6% in the forecast period 2017 to 2024.
Based on geography, the Europe glycerin market is segmented into geographical regions, such as,
Germany,
United Kingdom,
France,
Spain,
Italy,
Russia,
Turkey,
Belgium,
Nether lands,
Switzerland,
Rest of Europe
Covered in this report
The report covers the present scenario and the growth prospects of the Europe glycerin market for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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