Market Research Reports

Glycerol Market By Source (Biodiesel, Fatty Acids & Fatty Alcohols), By Applications (Personal Care, Alkyd Resins, Polyether Polyols, Others), Downstream Opportunities (Propylene Glycol, Epichlorohydrin, 1, 3 Propanediol And Others) - Global Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018

73pages
Published Date: 2013-03-13
 

Description



The growth of the global biodiesel industry in recent years has created a somewhat over supply of glycerol in the global market. Glycerol is majorly obtained as a byproduct of biodiesel production via transesterification process. Earlier, glycerol was produced mainly using synthetic processes but with the evolution of biodiesel industry, synthetic processes were replaced by transesterification process (production of glycerol via biodiesel) which resulted in 66.2% of the total glycerol being obtained from the biodiesel industry in 2011. Glycerol supply from biodiesel process is expected to surge over the next five years owing to the increasing penetration of biofuels in mainstream applications. Other commercial sources of glycerol include fatty acids, fatty alcohols and from the soap industry via saponification process.

This report measures, estimates, analyze and forecasts the global glycerol demand. This study provides demand estimates and forecast in terms of volumes as well as revenues for the period from 2011 to 2018. The report showcases various factors which are driving and restraining the global market and also includes the opportunities which are expected to drive the market in the near future. 

The glycerol market has also been segmented on the basis of various production sources including biodiesel, fatty acids, fatty alcohols and others. The study also evaluates glycerol potential as a platform for renewable chemicals including propylene glycol, epichlorohydrin and 1,3-propranediol.

Key glycerol applications estimated and forecasted in this study include personal care, pharmaceuticals, alkyd resins, polyether polyols and others. Glycerol demand has also been analyzed from a regional perspective, providing estimate and forecast for key regional markets including North America, Europe and Asia Pacific. 

The research study includes a value chain in order to provide a comprehensive view of various components prevailing across the glycerol value chain. In order to provide competitive analysis, the report uses Porter’s Five Forces Analysis for measuring the impact of suppliers, buyers, competition, new entrants and substitute products on the glycerol market. The report covers company market share analysis and company profiles of the major companies operating in the global glycerol market. Some of the companies profiled in the report include P&G Chemicals, IOI Group, Emery Oleochemicals, Kuala Lumpur Berhad, Dial Corporation, and Croda, Wilmar International among others.  
  
The report segments the global glycerol market as: 

Glycerol Market, by Production Source:
  • Biodiesel
  • Fatty Acids
  • Fatty Alcohols
  • Soap Industry 
Glycerol Market, by Application:
  • Personal Care and Pharmaceuticals
  • Alkyd Resins
  • Foods and Beverages
  • Polyether Polyols
  • Tobacco Humectants
  • Other (including explosives, textile, paper etc)
Glycerol Market, by Geography:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW) 

Table of Contents


Table of Content

Chapter 1 Preface
1.1 Report  Description
1.2 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
      3.1.1 Glycerol synthesis
      3.1.2 Applications of glycerol
3.2 Value chain analysis
3.3 Market Drivers 
      3.3.1 Growth of major end use industries
      3.3.2 Growing demand for renewable chemicals
3.4 Restraints
      3.4.1 Uncertainty of feedstock supply
      3.4.2 Low profit margins for glycerol refiners
3.5 Opportunities
      3.5.1 Novel applications of glycerol
      3.5.2 New methods of feedstock production
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of supplier
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Global glycerol market: market attractiveness analysis
3.8 Company market share analysis

Chapter 4 Global Glycerol Market, by Production Source
4.1 Global glycerol market: source overview
      4.1.1 Global glycerol market volumes share by production source, 2011 & 2018
4.2 Global glycerol market, by production source
      4.2.1 Biodiesel
               4.2.1.1 Global consumption of glycerol obtained from biodiesel, 2011 – 2018 (Kilo Tons) (USD Million)
      4.2.2 Fatty acids
               4.2.2.1 Global consumption of glycerol obtained from fatty acids, 2011 – 2018 (Kilo Tons) (USD Million)
      4.2.3 Fatty alcohols
               4.2.3.1 Global consumption of glycerol obtained from fatty alcohols, 2011 – 2018 (Kilo Tons) (USD Million)
      4.2.4 Soap industry
               4.2.4.1 Global consumption of glycerol obtained from soap industry, 2011 – 2018 (Kilo Tons) (USD Million)

Chapter 5 Global Glycerol Market, by Application
5.1 Global glycerol market: application overview
      5.1.1 Global glycerol market volumes share by application, 2011 & 2018
5.2 Global glycerol market, by application
      5.2.1 Personal care & pharmaceuticals
               5.2.1.1 Global demand for glycerol from personal care & pharmaceutical industries, 2011 – 2018 (Kilo Tons) (USD Million)
      5.2.2 Alkyd resins
               5.2.2.1 Global demand for glycerol from alkyd resin industry, 2011 – 2018 (Kilo Tons) (USD Million)
      5.2.3 Foods & beverages
               5.2.3.1 Global demand for glycerol from foods and beverages industry, 2011 – 2018 (Kilo Tons) (USD Million)
      5.2.4 Polyether polyols
               5.2.4.1 Global demand for glycerol from polyether polyols industry, 2011 – 2018 (Kilo Tons) (USD Million)
      5.2.5 Tobacco humectants
               5.2.5.1 Global demand for glycerol from tobacco humectants industry, 2011 – 2018 (Kilo Tons) (USD Million)
      5.2.6 Other (including explosives)
               5.2.6.1 Global demand for glycerol from other industries, 2011 – 2018 (Kilo Tons) (USD Million)

Chapter 6 Geographic Analysis
6.1 Global glycerol market: geographic overview
      6.1.1 Global glycerol market volumes share by geography, 2011 & 2018
6.2 Global glycerol market, by geography
      6.2.1 North America
              6.2.1.1 North American demand for glycerol, 2011 - 2018 (Kilo tons), (USD Million)
      6.2.2 Europe
              6.2.2.1 European demand for glycerol, 2011 - 2018 (Kilo tons), (USD Million)
      6.2.3 Asia Pacific
               6.2.3.1 Asia Pacific demand for glycerol, 2011 - 2018 (Kilo tons), (USD Million)
      6.2.4 Rest of the world
               6.2.4.1 Rest of the world (RoW) demand for glycerol, 2011 - 2018 (Kilo tons), (USD Million)

Chapter 7 Glycerol as a Platform Chemical for Potential Applications
7.1 Introduction
7.2 Propylene glycol
      7.2.1 Global propylene glycol market estimates and forecast, 2011-2018 (Kilo tons), (USD Million)
      7.2.2 Global propylene market, by application
               7.2.2.1 Global propylene glycol market volumes share by application, 2011
7.3 Epichlorohydrin
      7.3.1 Global epichlorohydrin market estimates and forecast, 2011 - 2018 (Kilo tons), (USD Million)
      7.3.2 Global epichlorohydrin market, by application
               7.3.2.1 Global epichlorohydrin market volumes share by application, 2011
               7.4 1.3-Propanediol

Chapter 8 Company Profiles
8.1 Proctor & Gamble Chemicals
      8.1.1 Company overview
      8.1.2 Financial overview
      8.1.3 Business strategies
      8.1.4 SWOT analysis
      8.1.5 Recent developments
8.2 Dial Corporation
      8.2.1 Company overview
      8.2.2 Financial overview
      8.2.3 Business Strategy
      8.2.4 SWOT analysis
      8.2.5 Recent developments
8.3 Croda
      8.3.1 Company overview
      8.3.2 Financial overview
      8.3.3 Business strategies
      8.3.4 SWOT analysis
      8.3.5 Recent development
8.4 Dow Chemicals
      8.4.1 Company overview
      8.4.2 Financial overview
      8.4.3 Business Strategy
      8.4.4 SWOT analysis
      8.4.5 Recent development
8.5 Godrej Industries Ltd.
      8.5.1 Company overview
      8.5.2 Financial overview
      8.5.3 Business strategy
      8.5.4 SWOT analysis
      8.5.5 Recent developments
8.6 Emery Oleochemicals
      8.6.1 Company overview
      8.6.2 Financial overview
      8.6.3 Business strategies
      8.6.4 SWOT analysis
      8.6.5 Recent development
8.7 IOI Group Oleochemicals
      8.7.1 Company overview
      8.7.2 Financial overview
      8.7.3 Business strategy
      8.7.4 SWOT analysis
      8.7.5 Recent developments
8.8 Kuala Lumpur Kepong Berhad
      8.8.1 Company overview
      8.8.2 Financial overview
      8.8.3 Business strategy
      8.8.4 SWOT analysis
      8.8.5 Recent developments
8.9 Wilmar International
      8.9.1 Company overview
      8.9.2 Financial overview
      8.9.3 Business strategy
      8.9.4 SWOT analysis
      8.9.5 Recent developments
8.10 Sofiprotéol Group
      8.10.1 Company overview
      8.10.2 Financial overview
      8.10.3 Business strategy
      8.10.4 SWOT analysis
      8.10.5 Recent developments

List of Figures

FIG. 1 Global glycerol market estimates and forecast, 2011 - 2018 (Kilo Tons), (USD Million)
FIG. 2 Glycerol: Value Chain Analysis
FIG. 3 Global Personal Care Market, 2010-2018 (USD billion)
FIG. 4 Global Pharmaceutical Market, 2010-2018 (USD billion)
FIG. 5 Global crude oil price trend estimate and forecast, 2009 – 2018 (USD/barrel)
FIG. 6 Relative profit margin across the glycerol value chain 
FIG. 7 Porter’s five forces analysis for glycerol market
FIG. 8 Global glycerol market: market attractiveness analysis
FIG. 9 Global glycerol market: company market share, 2011
FIG. 10 Global glycerol market volumes share by production source, 2011 & 2018
FIG. 11 Global consumption of glycerol obtained from biodiesel, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 12 Global consumption of glycerol obtained from fatty acids, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 13 Global consumption of glycerol obtained from fatty alcohols, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 14 Global consumption of glycerol obtained from soap industry, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 15 Global glycerol market volumes share by application, 2011 & 2018
FIG. 16 Global demand for glycerol from personal care & pharmaceutical industries, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 17 Global demand for glycerol from alkyd resin industry, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 18 Global demand for glycerol from foods and beverages industry, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 19 Global demand for glycerol from polyether polyols industry, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 20 Global demand for glycerol from tobacco humectants industry, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 21 Global demand for glycerol from other industries, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 22 Global glycerol market volumes share by geography, 2011 & 2018
FIG. 23 North American demand for glycerol, 2011-2018 (Kilo tons), (USD Million)
FIG. 24 European demand for glycerol, 2011-2018 (Kilo tons), (USD Million)
FIG. 25 Asia Pacific demand for glycerol, 2011-2018 (Kilo tons), (USD Million)
FIG. 26 Rest of the world (RoW) demand for glycerol, 2011-2018 (Kilo tons), (USD Million)
FIG. 27 Global propylene glycol market estimates and forecast, 2011-2018 (Kilo tons), (USD Million)
FIG. 28 Global propylene glycol market volumes share by application, 2011
FIG. 29 Global epichlorohydrin market estimates and forecast, 2011 - 2018 (Kilo tons), (USD Million)
FIG. 30 Global epichlorohydrin market volumes share by application, 2011

List of Tables

TABLE 1 Global glycerol market: Snapshot 
TABLE 2 Major applications of glycerol 
TABLE 3 Drivers for the glycerol market: Impact Analysis 
TABLE 4 Restraints for the glycerol market: Impact Analysis 

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Free Market Analysis


The global demand for glycerol was 1,781 kilo tons in 2009 which increased to 1,884.3 kilo tons in 2010. The global market for glycerol is expected to grow at a CAGR of 6.3% from 2012 to 2018. 

The growing demand for glycerol from the major end use industries such as personal care & pharmaceuticals and foods & beverages is acting as one of the major factors boosting the market. The growing demand for environmental friendly products is also driving the market for glycerol. 

global-demand-for-glycerol-from-polyether-polyols-industry-2011-2018

The demand for glycerol from polyether polyols is expected to grow at a CAGR of 6.4% from 2012 to 2018. In terms of revenues, the market is expected to reach USD 205.2 million by 2018. Glycerol is commercially produced by saponification and transesterification processes. Previously glycerol was obtained from epichlorohydrin, but it is no longer economical. Presently, about 65% of glycerol is obtained as a by-product of bio-diesel production. In the saponification process, alkali salt is added to oil or fat, precipitating soap and glycerol as a by-product. In the transesterification process, glyceride is reacted with an alcohol in the presence of catalyst to obtain a new ester and glycerol as by-product. Bio-diesel production is also a transesterification process and crude glycerol is obtained as a by-product. Further purification of crude glycerol is done and pure glycerol is obtained which is commercially used. For every 10kg of biodiesel production 1kg glycerol is obtained. 

Glycerol exhibits various important characteristics which makes it applicable in innumerable applications in pharmaceuticals and in cosmetic industries. Owing to its humectant property, glycerol is used in preparation of gels and ointments. Glycerol also finds niche application as plasticizer in order to enhance the spread of coat over beads, granules and tablets. Glycerol is widely used in pre-processed tobacco to prevent tobacco from crumbling. It is used in the healthcare industry for maintaining pressure in the eye-ball and central nervous system. Glycerol is hygroscopic in nature and is extensively used in glues and adhesives to prevent them from drying too fast. Glycerol is also used in the textile industry for softening of fibers, in flexible foams, etc.
 

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