The Asia-Pacific glycerin market is expected to reach USD 2,791.51 thousand metric tons by 2024, from 1,466.56 thousand metric tons in 2016 growing at a CAGR of 8.5% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors.
The key market players for Asia-Pacific glycerin market market are listed below;
Wilmar International
Kuala Lumpur Kepong Berhad
IOI Corporation Berhad.
The market is further segmented into;
grade,
source,
application
downstream product
The Asia-Pacific glycerin market is segmented on the basis of grade, source, application and downstream. On the basis of grade, the Asia-Pacific glycerin market is segmented into; refined glycerin, crude glycerin, natural glycerin and blonde glycerin. In 2017, refined glycerin segment is expected to dominate the Asia-Pacific glycerin market with 63.7% market share and is expected to reach 1,851.00 thousand metric tons by 2024, growing with the highest CAGR of 9.1% in the forecast period 2017 to 2024.
On the basis of source the Asia-Pacific glycerin market is segmented into biodiesel, fatty acid, fatty alcohol, soap, vegetable oils, synthetic and others. In 2017, biodiesel is expected to dominate the Asia-Pacific glycerin market with 65.0% market share and is expected to reach 1,937.92 thousand metric tons by 2024, growing with a CAGR of 9.4% in the forecast period 2017 to 2024.
On the basis of application the Asia-Pacific 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 Asia-Pacific glycerin market with 28.4% market share and is expected to reach 909.91 thousand metric tons by 2024, growing with a CAGR of 10.3% in the forecast period 2017 to 2024.
On the basis of downstream the Asia-Pacific glycerin market is segmented into Propanediol, Propylene glycol, Epichlorohydrin and others. In 2017, propanediol is expected to dominate the Asia-Pacific glycerin market with 40.3% market share and is expected to reach 1,054.05 thousand metric tons by 2024, growing with a CAGR of 7.6% in the forecast period 2017 to 2024.
Based on geography, the Asia-Pacific glycerin market is segmented into geographical regions, such as,
China,
Japan,
India,
South Korea,
Australia,
Thailand,
Malaysia,
Singapore,
Indonesia,
Philippines
Rest of Asia-Pacific
Covered in this report
The report covers the present scenario and the growth prospects of the Asia-Pacific glycerin market for 2017-2021. 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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