Global Glycerol Carbonate Market: Industry Analysis and Forecast (2021-2027) by Grade, Application, and Region

By 2027, the Global Glycerol Carbonate Market is expected to reach US $1.80 billion, thanks to growth in the Industrial grade segment. The report analyzes market dynamics by region and end-user industries.

Global Glycerol Carbonate Market Overview:

The global glycerol carbonate market was valued at the US $1.17 Bn. in 2020, and it is expected to reach US $1.80 Bn. by 2027 with a CAGR of 7.43% during the forecast period. In the chemical industry, glycerol carbonate is a novel and fascinating substance. Cheap glycerol carbonate could be used to make novel polymeric materials like polycarbonates and polyurethanes. Glycerol is a by-product of biodiesel production, which uses natural vegetable oils and fats. The biodiesel industry's rapid expansion has increased glycerol waste. As a result, players in the glycerol carbonate market are capitalizing on this issue to process waste glycerol, which entails the reaction of carbon dioxide with methanol and other procedures, finally producing glycerol carbonate, a key chemical intermediate. Thus, glycerol carbonate is transformed into epoxy propanol (EP), which is used to make detergents, healthcare goods, and industrial paints and coatings on a huge scale. Global Glycerol Carbonate Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Glycerol Carbonate Market Dynamics:

Rising need for polycarbonate (PC) and lithium batteries. The growing demand for polycarbonate (PC) and lithium batteries from the various industries is driving and expected to drive the growth of the glycerol carbonate market over the forecast period respectively. Along with its biodegradability, polarity, and reactivity, glycerol carbonate is becoming a popular raw material for the manufacturing of polycarbonates, gasoline additives, and cleaning solvents. Because it does not produce toxic phenols or acids, it is an environmentally safe option for assembling polycarbonates. With rapid advancements in polycarbonate production and lithium batteries, players in the glycerol carbonate market are unlocking income possibilities. Thus, the global glycerol carbonate market is expected to grow with a CAGR of xx% over the forecast period thanks to the high demand for glycerol carbonate in polycarbonate production and lithium batteries. Also, the growing demand for glycerol carbonate from paints and coatings industries to manufacture water-based organic paints is expected to drive market growth over the forecast period. Involvement of hazardous gases for glycerol carbonate production. Though glycerol carbonate is an organic compound, hazardous gases like carbon monoxide and phosgene are involved in its conventional production method leaving harmful sodium chloride (NaCl) as a by-product. Most of the manufacturers across the globe use phosgene, which may lead to death or severe health problems even exposed to low concentrations. So, any process dealing with phosgene requires an advanced level of safety, which is expected to increase the cost for production and acting like restrain for the growth of the market. Volatile prices of oil and gas. The price and availability of raw materials are the most important factors in determining the overall costs of glycerol carbonate products. Methanol, ethylene oxide, and carbon dioxide are among the basic ingredients needed to make glycerol carbonate. Most of these raw materials are derivatives based on crude oil that are subject to commodity price volatility. The rising global demand for crude oil, as well as the instability in the Middle East, are important drivers influencing glycerol carbonate costs. The market is also impacted by high transportation costs, which are caused by growing fuel prices, as well as high manufacturing costs leading to higher energy expenses. The manufacturers have responded to rising production costs by ensuring that price increases are irregularly allocated, with end-users taking the burden of the cost. Thus, the glycerol carbonate market faces a challenge from volatile oil and gas prices.

Global Glycerol Carbonate Market Segment Analysis:

Based on Grade, the global glycerol carbonate market is segmented into four types as follows, food-grade, industrial grade, and pharmaceutical grade, and others. In 2020, the pharmaceutical grade segment was dominant and held xx% of the overall market share in terms of revenue. It's also useful for insecticides as a reagent and as a solvent in paints and coatings. The need for industrial-grade glycerol carbonate is expected to rise over the forecast period thanks to increased demand for polycarbonates from end-use sectors like automotive, electrical, and electronics. Global Glycerol Carbonate Market Based on Application, the global glycerol carbonate market is segmented into five types as follows, solvents, monomers, fuel additives, chemical intermediates, and others. In 2020, the solvent segment held the largest market share of xx%. Glycerol carbonate is a non-toxic substance that can be used as a solvent in the manufacture of a wide range of compounds. It has several advantages over traditional organic solvents. It is used as a solvent in a variety of products, including detergents, paints and coatings, personal care products, and lithium-ion batteries.

Global Glycerol Carbonate Market Regional Insights:

In 2020, Asia Pacific was the dominant region and held the highest share 56.24% of the global glycerol carbonate market. During the forecast period, it is also expected to grow with the highest CAGR of approximately 4.43%. The rising usage of glycerol carbonate in the production of polycarbonate in countries such as China, Japan, Korea, Thailand, Taiwan, Singapore, and Malaysia are driving demand in this region. The Asia Pacific region's growing demand for lithium-ion batteries from the electronics and automotive industries are expected to drive the lithium-ion battery electrolyte market, and thus the glycerol carbonate market. The North American market held 18.72% of the total market in 2020 and is expected to grow at a moderate CAGR of approximately 3.12% over the forecast period, owing to government efforts to upgrade the region's public infrastructure. Furthermore, regional market growth has been pushed by the recovery of the automobile and development industries, as well as growing ventures for structures and frameworks. Because of the widespread use of glycerol carbonate in the pharmaceutical business, the United States is a major beneficiary in the region. Global Glycerol Carbonate Market The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

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Global Glycerol Carbonate Market

Global Glycerol Carbonate Market, by Region

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

Global 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

Frequently Asked Questions:

1. What is the forecast period considered for the Glycerol Carbonate market report? Ans. The forecast period for the glycerol carbonate market is 2021-2027. 2. Which key factors are hindering the growth of the Glycerol Carbonate market? Ans. The involvement of hazardous gases like carbon monoxide and phosgene resulting increase in the production cost of glycerol carbonate is the key factor is hindering the growth of the glycerol carbonate market. 3. What is the compound annual growth rate (CAGR) of the Glycerol Carbonate market for the next 6 years? Ans. The global glycerol carbonate market is expected to grow at a CAGR of 7.43% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Glycerol Carbonate market? Ans. The growing demand for polycarbonate and lithium batteries from various industries is driving and expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Glycerol Carbonate market report? Ans. 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, and Others.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Glycerol Carbonate Market Size, by Market Value (US $Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Glycerol Carbonate Market 3.4. Geographical Snapshot of the Glycerol Carbonate Market, By Manufacturer share 4. Global Glycerol Carbonate Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Glycerol Carbonate Market 5. Supply Side and Demand Side Indicators 6. Global Glycerol Carbonate Market Analysis and Forecast, 2020-2027 6.1. Global Glycerol Carbonate Products Market Size & Y-o-Y Growth Analysis. 7. Global Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 7.1.1. Food grade 7.1.2. Industrial grade 7.1.3. Pharmaceutical grade 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.2.1. Solvent 7.2.2. Monomers 7.2.3. Fuel additives 7.2.4. Chemical intermediates 7.2.5. Others 8. Global Glycerol Carbonate Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 9.1.1. Food grade 9.1.2. Industrial grade 9.1.3. Pharmaceutical grade 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.2.1. Solvent 9.2.2. Monomers 9.2.3. Fuel additives 9.2.4. Chemical intermediates 9.2.5. Others 10. North America Glycerol Carbonate Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Glycerol Carbonate Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Glycerol Carbonate Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Glycerol Carbonate Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Glycerol Carbonate Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Glycerol Carbonate Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Grade, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Glycerol Carbonate Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Huntsman International 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. UBE Industries Ltd. 45.3.3. Inkemia Green Chemicals Inc. 45.3.4. TCI Chemicals Pvt. Ltd. 45.3.5. Carbone Scientific Co. Ltd. 45.3.6. Acros Organics B.V.B.A 45.3.7. Glaconchemie GmbH 45.3.8. Anhui Meisenbao Chemical Co. Ltd. 45.3.9. ICC Industries B.V 45.3.10. Hangzhou JandH Chemical Co. Ltd. 45.3.11. Ambeed Inc. 45.3.12. Cambridge Isotope Laboratories 45.3.13. BOC Sciences 45.3.14. Hangzhou Dayangchem Co. Ltd. 45.3.15. Merck 45.3.16. Leap Labchem Co. Ltd. 45.3.17. Santa Cruz Biotechnology 45.3.18. Amadis Chemical Co. Ltd. 45.3.19. Shanghai Chaining Chemicals Co. Ltd. 45.3.20. Chemos GmbH and Co. KG 45.3.21. Others 46. Primary Key Insights

About This Report

Report ID 119135
Category Material & Chemical
Published Date Sep 2021
Updated Date
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