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Glycerol Carbonate Market Growth, Sales, Opportunities, And Market Forecast To 2029


Published: 2023-09-04
Views: 101
Author: NilamMMR
Published in: SEO
Glycerol Carbonate Market Growth, Sales, Opportunities, And Market Forecast To 2029

The Report Glycerol Carbonate Market by Grade ( Food grade, Industrial grade, Pharmaceutical grade, Others) and by Application (Solvent, Monomers, Fuel additives, Chemical intermediates, Others) The increasing adoption of Glycerol Carbonate Market as a sustainable and high-performance material drives its market growth.

The global Glycerol Carbonate Market is on track to achieve significant growth, with a projected is expected to reach US $ 2.23 billion in 2029, thanks to growth in the Industrial grade segment. The report analyzes market dynamics by region and end-user industries.

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Grade segment with the quickest growth

The food-grade, industrial-grade, pharmaceutical-grade, and other types are the four categories into which the worldwide glycerol carbonate market is divided based on grade. In terms of revenue, the pharmaceutical grade sector dominated and maintained its market share in 2021. As a reagent and solvent in paints and coatings, it is also helpful for insecticides. Over the course of the projection period, there will likely be a greater requirement for industrial-grade glycerol carbonate as a result of rising demand for polycarbonates from end-use industries like automotive, electrical, and electronics.

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Solvent, Monomers, Fuel additives and Chemical intermediates segments based on the type of Application in Glycerol Carbonate Market

The global glycerol carbonate market is divided into the following five groups based on application: solvents, monomers, fuel additives, chemical intermediates, and others. The solvent market sector had the biggest market share in 2021. A non-toxic material called glycerol carbonate can be utilised as a solvent in the production of many different chemicals. Compared to conventional organic solvents, it provides a number of benefits. Detergents, paints and varnishes, personal care items, and lithium-ion batteries are just a few of the products that use it as a solvent.

Asia Pacific region is positioned as a frontrunner in the Glycerol Carbonate Market

Asia Pacific dominated the market for glycerol carbonate in 2021, accounting for the largest proportion (56.24%). Additionally, it is anticipated to experience the greatest CAGR of roughly 4.43% during the projection period. The demand in this region is being driven by the growing use of glycerol carbonate in the manufacture of polycarbonate in nations like China, Japan, Korea, Thailand, Taiwan, Singapore, and Malaysia. The electronics and automotive industries' rising demand for lithium-ion batteries in the Asia Pacific area is anticipated to drive the glycerol carbonate market as well as the lithium-ion battery electrolyte market.

Glycerol Carbonate Market Key Players:

• Huntsman International • UBE Industries Ltd. • Inkemia Green Chemicals Inc. • TCI Chemicals Pvt. Ltd. • Carbone Scientific Co. Ltd. • Acros Organics B.V.B.A. • Glaconchemie GmbH • Anhui Meisenbao Chemical Co. Ltd. • ICC Industries B.V • Hangzhou JandH Chemical Co. Ltd. • Ambeed, Inc • Cambridge Isotope Laboratories • BOC Sciences • Hangzhou Dayangchem Co. Ltd. • AK Scientific, Inc. • Hangzhou Meite Industry Co., Ltd • Merck • Leap Labchem Co., Ltd • Santa Cruz Biotechnology • Amadis Chemical Co. Ltd. • Shanghai Chaining Chemicals Co. Ltd. • Chemos GmbH and Co. KG • Others

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