Green Glycol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Market Outlook

Petrochemical-derived products, such as glycol, have been around for a long time. Glycol has significantly high commercial value as it is used to make antifreeze formulations and polymers. However, due to issues, such as global warming, climate change and ozone depletion, many companies have begun to look closely into the potential for a greener alternative and green glycol has provided them with a solution. Green glycol is a cost-effective biomass-derived chemical which works same as conventional glycols. Green glycols are now being prepared on a large commercial scale by several companies to cater to the increasing demand for natural products. The efficient and economical advantages of green glycols have made a significant impact on the business of bio-based green glycols. Bigger companies, such as Archer Daniels Midland, have now begun to look beyond the processing of green glycols, they have started looking for downstream value options that derivatives might offer. All these reasons combined are anticipated to boost the growth of green glycols over the forecast period.

Reasons for Covering this Title

For the past few centuries, glycol manufacturing and supply has been influenced by natural gas and petroleum oil. However, the demand for cost-effective and fossil-free green glycols has increased over the years owing to the rising cost of conventional glycol, environment degradation and the need for better-performing glycols. Green glycols offer identical or better performance than petroleum-based materials. They also emit far fewer greenhouse gases and thus, are helping the industry successfully address emission concerns. This is a key factor boosting the demand for green glycols across industries.

• In the year 2007, Archer Daniels Midland began to investigate a bio-derivative -- "green" glycol -- produced using biodiesel's co-product glycerine as a feedstock and today the company is producing 100,000 tons of these glycols in its manufacturing plant situated at Decatur, Illinois
• In 2016, S2G Biochemicals Inc. started large-scale production of bio green glycols to replace chemicals used in PET/PEF containers, resins and cosmetics, among others

Global Green glycol: Market Segmentation

On the basis of source, the market has been segmented as –

• Soy
• Corn
• Others

On the basis of type, the global market has been segmented as –

• Epichlorohydrin Glycol
• Propylene Glycol

On the basis of end use, the global market has been segmented as –

• Cosmetics Industry
• Food & Beverage Industry
• Pharmaceutical Industry
• Automotive
• Detergent and Household
• Textile Industry
• Chemical Industry
• Others

Global Green Glycol Market: Key Players

Some of the key players operating in this market are E. I. du Pont de Nemours and Company, BP p.l.c., S2G BioChemicals Inc., Archer Daniels Midland, Global Bio-chem, Ashland, BASF SE, Cargill Inc., Diester Industrie S.A.S., Air Liquide S.A., Orison Marketing, Hawkins Inc. and India Glycols Limited, among others.

The presence of several large and small-scale vendors in the green glycol market makes it a highly competitive market. The large players in the market are forming strategic alliances with small vendors to enhance their business in the green glycol market through technological innovations and product applications.

Opportunities for Market Participants

Consumers’ inclining interest towards green construction is one of the latest trends expected to give a push to the green glycol market over the forecast period. Green glycols are used for the production of paints, pipes, electrical components and wall coatings, which are widely used in the construction industry. Companies entering in this market must focus on the rising demand from end use industries. As the construction business is booming, companies operating in the green glycol market must focus on accomplishing mergers with major construction appliance companies enhance their sales. The growth of end-user industries, such as transportation, marine and construction, will create excellent opportunities for the participants operating in the global market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

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3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.