Glycerol Diacetate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Glycerol Diacetate Market: Snapshot
Glycerol is also commercially synthesized from propylene. Glycerol can also be obtained based on a proprietary fermentation processing. Glycerol diacetate is obtained during the manufacturing process of biodiesel in the form of a by-product. The production of glycerol diacetate is achieved through a chemical reaction between acetic acid with 1,2- and 1,3 diacetates of glycerol along with mono- and tri-esters. The chemical is an odorless, colorless and oily liquid which is hygroscopic in nature. Glycerol diacetate is also miscible and soluble in water. The key application of glycerol diacetate is as a carrier- a substance used to dissolve, dilute or disperse a food additive or nutrient without altering its function; typically to improve handling/application. The chemical finds application in a number of applications, such as an additive, a plasticizer, a paint coating, a fixative agent in manufacturing automotive components, and as a solvent for resin, cellulose derivatives and camphor. Because of its hygroscopic nature, the chemical is also utilized as a moisturizing agent.
While packaging glycerol diacetate, it is critical to ensure no direct contact with air or any other impurities. Due to this reason, the chemical is typically stores in secure metallic containers. Additionally, these containers need to be stored away from heat and direct sunlight, in a cool and dry place, to avoid exposure to elements.
The chemical finds application in a multitude of industries such as pharmaceutical, food and beverage, automotive sector, and construction, all of which are currently witnessing swift and vast amounts of growth. The chemical is thus part of several key industries, and expected to be remain popular over the coming years, and beyond. The soaring growth of these industries, leading to enhanced demand for the product are expected to boost the prospects of the global glycerol diacetate market.
Global Glycerol Diacetate Market: Overview
In the process of manufacturing biodiesel, glycerol is obtained as a by-product. And glycerol diacetate is manufactured through the reaction of 1,2- and 1,3 diacetates of glycerol and acetic acid with mono- and tri-esters. Glycerol diacetate is a colorless, odorless, hygroscopic oily liquid that is soluble in water and miscible with ethanol. It is typically packed in containers made of metal to prevent air and other impurities from getting into direct contact with it. It also needs to be stored in a dry and cool place as exposure to heat may spoil it.
A report on the global glycerol diacetate market by TMR Research discusses it from various angles by studying the industry-specific and macro-fundamentals affecting it.
Global Glycerol Diacetate Market: Drivers and Restraints
The glycerol diacetate market is expected to rise owing to its myriad applications as food additives, solvents, construction, foundry, steel, paints and coatings, and others. The building and construction industry among them is at the forefront of driving demand. The burgeoning food and pharmaceutical industries too are majorly driving demand for glycerol diacetate. Favorable policies framed by governments of nations with respect to the usage of such synthetic compounds in the food products is also having a positive impact on the market. Further, increasing sales of ready-to-eat products is also having a positive impact on the glycerol diacetate market.
Global Glycerol Diacetate Market: Market Potential
An ester compound, glycerol diacetate has wide ranging applications. In the food industry, for example, it is used as a solvent and diluent for adding color and flavor to the synthetic agents. Pharmaceutical companies also use it. Besides, glycerol diacetate also finds usage in cigarette industry and manufacturing. In foundry manufacturing, for example, it is used in binding resins. It also finds usage in manufacture of ink and paints.
Glycerol diacetate finds application as a solvent for camphor, cellulose derivatives, and resin, a plasticizer, as an additive, a paint coating, and fixative agent in automotive manufacture. It also finds application as a moisturizing agent because of its hygroscopic effect.
A noticeable trend in the glycerol diacetate market is players shifting their gaze towards Asia Pacific which holds out a lot of promise owing to speedy industrialization and urbanization which has resulted in massive construction activities.
Global Glycerol Diacetate Market: Regional Analysis
The glycerol diacetate market is spread across regions of Asia Pacific, Japan, the Middle East and Africa, North America, Latin America, Western and Eastern Europe. Of them, Asia Pacific has emerged as a significantly attractive market due the fast proliferating pharmaceutical and food industry in the large, developing nations of China and India, which are home to about two third of the world population. Meanwhile, Europe and North America have already established themselves as dominant markets because of their mammoth pharmaceutical and food industries. The massive industrial development in the regions have also bode well for their markets.
Global Glycerol Diacetate Market: Competitive Landscape
Key players operating in the global glycerol diacetate market are BASF SE, Eastman™ Chemical Company, Sigma-Aldrich Co. LLC., Moellhausen S.p.A., Tennants Fine Chemicals, and Tetrahedron Scientific Inc. The report studies the degree of competition among them and also the various strategies they are banking upon to surge ahead of their rivals. It leverages market-leading analytical tools such as SWOT Analysis and Porter’s Five Forces to gauge the opportunities and pitfalls they are likely to encounter.
Market segmentation based on geography:
This report gives access to decisive data, such as:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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