Glycerol Diacetate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Glycerol Diacetate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2021 | Chemical & Materials

Report Digest


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:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

This report gives access to decisive data, such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?