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Akash Bainr 08/08/2021 · en

Coating resins Market Growth, Industry Striking Revenue Forecast by 2027, Know the Detail on Fortune Business Insights

The global coating resins market is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins. This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Industry Analysis, By Resins (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Formulating Technology (Water-based, Solvent-based, Powder, and Others), By End-use Industry (Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.
How Did We Create This Report?
As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.
Drivers & Restraints-
Increasing Need to Develop Environmental-compatible Processes to Boost Growth
Nowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in the increasing research and development activities worldwide. These are meant for the development of bio-based polymers. Several manufacturers are striving to provide environmental-compatible goods and processes for a wide range of industries. Commercial epoxy resins can be easily epoxidized and they are cost-effective. These factors are expected to bolster the coating resins market growth in the coming years. However, the usage of alkyds in various coatings can be harmful for humans and the environment. It may hamper growth.
Segment-
Architectural Coatings Segment to Grow Rapidly Owing to High Demand for Durable Coatings
Based on the end-use industry, the architectural coatings segment is set to earn the largest coating resins market share throughout the forthcoming years. This growth is attributable to the surging demand for durable and high-performance coating resins for developing construction components. Besides, the increasing infrastructure spending would aid growth.
A list of the renowned coating resins manufacturers operating in the global market:
• BASF SE (Ludwigshafen, Germany)
• ALLNEX NETHERLANDS B.V. (Bergen Op Zoom, The Netherlands)
• Covestro AG (Leverkusen, Germany)
• Wacker Chemie AG (Munich, Germany)
• Dow (Michigan, U.S.)
• Sherwin-Williams (Ohio, U.S.)
• Evonik (Essen, Germany

Browse Summary of This Research:
https://www.fortunebusinessinsights.com/coating-resins-market-104535


75 views
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Akash Bainr 08/08/2021 · en

Geosynthetics market Global Trend, Future Growth, Key Findings and Forecast to 2026


The global geosynthetics market is set to gain traction from the increasing usage of sustainable building materials. Geosystems reduce the usage of natural materials, such as aggregates and sand, thereby simplifying construction activities. In a typical cross-section, for instance, the depth of aggregate layercan be cut off so that less mining is needed for the construction of roads.
The above information is published by Fortune Business Insights™ in a recent report, titled, “Geosynthetics Market Size, Share and Industry Analysis, By Product (Geotextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026.” As per the report, the geosynthetics market size stood at USD 27.16 billion in 2018. It is set to reach USD 45.25 billion by 2026, exhibiting a CAGR of 6.6% during the forecast period.

This Report Answers the Following Questions:
• How big is the market?
• What are the geosynthetics market trends and growth drivers?
• Which region would remain at the forefront in the near future?
• Which are the top companies present in the market?
• What are the challenges that the market may face in the coming years?
Drivers& Restraints-
Rising Demand from Mining Sector to Propel Growth
Nowadays, geosynthetic materials are utilized for making waste barriers for mining by-products. Mining activities give out plenty of solid wastes, namely, waste rocks and tailings throughout the entire process that consists of waste disposal and containment. In this sector, geomembrane liners are extensively used for lining solutions, such as tailings impoundments, heap leaching, and evaporation ponds. Numerous organizations are also providing several geomembrane solutions to the mining sector. This sector uses around 40% of the geomembrane production worldwide. These factors are set to boost the geosynthetics market growth during the forthcoming years. However, geogrids are often damaged when they are exposed to UV light and low temperatures. It may hinder the market growth.

Segment-
Geotextile Segment to Lead Backed by Their Possession of Various Advantages
In terms of product, the market is grouped into geocomposites, geotextile, geosynthetic clay liners (GCLs), geonets, geogrids, geofoams, geomembranes, and geocells. Out of these, the geotextile segment held 30.47%geosynthetics market share in 2018. This growth is attributable to the rising usage of geotextiles in construction applications, namely, drainage structure, landfills, harbors, roads, and railroads to improve soil stabilization. Apart from that, the governments of various countries are investing huge sums, which, in turn, would boost the growth of this segment.

Browse Summary of this search
https://www.fortunebusinessinsights.com/geosynthetics-market-102545


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Akash Bainr 05/08/2021 · en

Cosmetics Packaging Market Future Growth Analysis by Business Revenue Global Trends Forecast to 2026


The global cosmetics packaging market is likely to witness significant growth owing to factors such as increasing awareness for personal care and rising adoption for cosmetics during the forecast period. Fortune Business Insights, published this information, in its latest report, tiled“Cosmetic Packaging Market Size, Share & Industry Analysis, By Material Type (Plastic, Glass, Metal, Others), By Cosmetic Type (Hair Care, Skin Care, Make-up, Nail Care, Others) Others and Regional Forecast, 2019-2026.”
What does the Report Include?
The market report includes detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.

Drivers and Restraints:
Increasing Adoption of Organic Ingredients to Boost Demand
Consumer awareness for natural ingredients over synthetic ingredients is rising in developed economies. This presents a positive picture for manufacturers and exporters of organic cosmetics from developing economies to cater to the rising demand that will boost the growth of the market during the projected horizon. Moreover, increasing adoption of organic materials such as vegetable oils, essential oils, and natural colorants in soaps, makeup kits, and deodorants will contribute to the growth of the market during the forecast period. Moreover, rising environmental concerns is fueling the demand for organic ingredients and the companies operating in the market are focusing on developing synthetic-free products. This will drive the growth of the market in the forthcoming years.

Regional Analysis:
Rising Awareness for Cosmetics in Asia-Pacific to Augur Growth
Among the regions, Asia-Pacific is anticipated to hold the largest share for the market during the forecast period. This is ascribable to factors such as increasing awareness for popular cosmetic brands in this region. In addition to this, presence of several cosmetic product manufacturers and increasing demand by countries such as India, South Korea, and China will boost the demand for the market in Asia-Pacific in the forthcoming years. On the other hand, North America will register substantial growth for the market backed by increasing adoption of technology and rising adoption of skincare products. The market in Europe is likely to expand during the forecast period. This is attributable to factors such growing beauty consciousness among the people and affordable products during the projected horizon.
List of the Companies Proliferating in the Market:
• RPC Group Plc
• Amcor Limited
• Libo Cosmetics Company Ltd.
• HCP Packaging Co. Ltd.
• Aptar Group Inc.
• Cosmopak Ltd.
• Quadpack Industries SA
• Rieke Packaging Systems Ltd.

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/cosmetic-packaging-market-102130


77 views
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Akash Bainr 05/08/2021 · en

Acrylonitrile Butadiene Styrene Market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2027


The global acrylonitrile butadiene styrene market size is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. Phenomenal growth in the global construction industry will be a prime growth driver for this market, states Fortune Business Insights™ in its report, titled “Acrylonitrile Butadiene Styrene Market Size, Share & Industry Analysis, By Application (Appliances, Automotive, Consumer Goods, Construction, Electronics, and Others), and Regional Forecast, 2020-2027”. The construction industry has entered a phase of prolific expansion due to the rapid growth in world population and proliferation of residential and commercial spaces in urban areas. According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030. Led by construction activities in China, India, and the US, Oxford Economics, in a recent report predicted that even amid the COVID-19 pandemic, the construction industry will rise by 35% and reach USD 5.8 trillion by 2030. Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings. Thus, as construction activities surge around the world, the demand for ABS is likely to remain steady over the forecast period.

The report states that the global market value in 2019 was at USD 25,135.0 million. The main highlights of the report include:
• Surgical analysis of the major market drivers, trends, and restraints;
• In-depth diagnosis of each and every market segment;
• Unmatched research into the regional developments and prospects of the market; and
• Valuable insights into the profiles and strategies of the key market players.

Restraining Factor
Fluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit Growth
The arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderate impact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth. Polymer manufacturers catering specifically to the automotive industry have been severely hit by the pandemic as many large automakers worldwide have had to shut down their operations in response to lockdowns and plummeting demand. For example, Fiat Chrysler announced that it will be ending its production activities at its plants in Serbia, Italy, and Poland, while Volkswagen declared closure of its plant in Spain. According to a survey conducted by the US-based Manufacturers Association for Plastics Processors (MAPP) in August 2020, plastic businesses linked almost exclusively to the automotive sector are on track to meet only 75% of the expected revenues in 2020. Since ABS materials are widely adopted for making various auto components, a slump in the auto industry will inevitably hinder the growth of this market.


List of Key Companies Profiled in the Acrylonitrile Butadiene Styrene Market Report:
• Formosa Chemicals & Fibre Corp (Tainan City, Taiwan)
• Asahi Kasei Corp. (Tokyo, Japan)
• LG Chemicals (Seoul, South Korea)
• INEOS (London, UK)
• 3M (Minnesota, United States)
• KUMHO PETROCHEMICAL (Seoul, South Korea)



Industry Development:
• September 2020: Covestro AG announced its futuristic automotive headlight concept that involves the usage of only one material, the polycarbonate Makrolon, which meets the functional and aesthetical demands of vehicles. The headlight will also utilize a blend of acrylonitrile butadiene styrene along with a scratch-resistant coating to cover the outer lens.

Browse Summary of this Research

https://www.fortunebusinessinsights.com/acrylonitrile-butadiene-styrene-abs-market-104538




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Akash Bainr 03/08/2021 · en

Plastic Additives Market Regional Analysis and Global Forecast to 2027 | Fortune Business Insights


The global plastic additives market size is projected to reach USD 74.61 billion by 2027, exhibiting a CAGR of 6.2% during the forecast period. Escalating demand for personal protective equipment (PPE) amid the COVID-19 pandemic is expected to propel the growth of this market, states Fortune Business Insights™ in its report, titled “Plastic Additives Market Size, Share & Industry Analysis, By Type (Plasticizers, Flame Retardants, Stabilizers, Impact Modifiers, Others), By End-Use (Packaging, Construction, Automotive, Consumer Goods, Others), and Regional Forecast, 2020-2027”.

As per the report, the global market value stood at USD 46.59 billion in 2019. The report also features the following:
• Holistic assessment of the factors driving and restraining the market;
• Comprehensive analysis of all possible market segments;
• Careful evaluation of the key market players and their strategies; and
• Detailed research into the regional dynamics shaping the market growth.

Restraining Factor

Staggering Plastic Pollution Levels Worldwide May Limit Market Growth

The plastic additives market growth is likely to be inhibited owing the uncontrollable level of plastic pollution facing the world currently. According to the UN Environment Program (UNEP), at present, nearly 300 million tons of plastic waste is generated every year. A team of researchers led by the University of Leeds in the UK estimates that 1.3 billion tons of plastic will be dumped on land and in the oceans between 2016 and 2040. The researchers also point out that even if immediate measures are put in place, 710 million tons of plastic waste will still be discarded into the oceans and on lands worldwide. This may cast a dark shadow on the adoption of plastic additives in various end-use industries such as automotive and food & beverages as these industries are determinedly utilizing materials that are eco-friendly and biodegradable, in response to growing consumer awareness about sustainable development.

Regional Insights

High Plastic Production in China to Stimulate Growth in the Asia Pacific Market

Asia Pacific, where the market size stood at USD 17.24 billion in 2019, is anticipated to hold a prominent position in the plastic additives market share during the forecast period. This is mainly attributable to the massive production of plastics and polymers in China, which accounts for roughly 30% of the global production of these materials. In addition to this, countries such as India and Vietnam are experiencing a rapid expansion of their domestic packaging industry, which is further augmenting the demand for advanced plastic derivatives in the region.
In North America, stringent regulations governing the production of plastics by the US Environmental Protection Agency (EPA) have forced companies to develop biodegradable plastic additives. Meanwhile, in Europe, the market is expected to undergo dynamic growth on account of the increasing demand for lightweight plastic materials in the region’s automotive industry.
List of Key Companies Profiled in the Plastic Additives Market Report:
• Mitsui Chemical (Tokyo, Japan)
• SABIC (Riyadh, Saudi Arabia)
• Kaneka Corporation (Tokyo, Japan)
• Dow Chemical Company (Michigan, U.S.)
• Clariant AG (Muttenz, Switzerland)
• ExxonMobil Chemical (Texas, U.S.)
• Lanxess AG (Cologne, Germany)

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/plastic-additives-market-104448


80 views
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Akash Bainr 03/08/2021 · en

Aramid Fiber Market Size, Share and 2020 Trends Analysis | Industry Forecast to 2027


The aramid fiber market size is projected to reach USD 7,243.3 million by the end of 2027. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Aramid Fiber Market Size, Share & Industry Analysis, By Product Type (Para, Meta and Others), By Application (Security & Protection, Frictional Materials, Rubber & Tire Reinforcement, Optical Fiber, Electrical Insulation, Aerospace and Others), and Regional Forecast, 2020-2027” the market was worth USD 4,522.6 million and will exhibit a CAGR of 6.5% during the forecast period, 2020-2027.

Aramid fibers are widely used across diverse industry applications, mainly due to their exceptional physical properties. The product is characterized by mechanical strength and excellent resistance to external factors including pressure and humidity. As this is a manmade fiber, availability is not an issue. The increasing demand for the product has led to the presence of several large scale manufacturing units across the world. The presence of several large scale manufacturers will have a direct impact on the growth of the overall market in the forthcoming years. Besides this, properties such as low flammability and good fabric integrity will contribute to the growing adoption of aramid fibers across diverse industry verticals in several countries.

Increasing Number of Product Innovations will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is a healthy market competition across the world. Among all factors, the increasing number of product innovations has had the highest impact on the growth of the overall aramid fiber market in recent years. In September 2018, Snow Peak announced the launch of a new product through the integration of aramid fiber. The company introduced a new material fabric that is directed for use in outdoor apparel. The applications of aramid fiber are not limited to a single domain and this has been a major contributor to market growth. Increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.

Industry Developments:
• November 2019: Teijin Aramid B.V., announced that it will be increasing its production capacity by 25%.


List of the Key Companies Profiled:
• DuPont (U.S.)
• Teijin Limited
• Kolon Industries Inc.
• Yantai Tayho Advanced Materials Co., Ltd.
• X-FIPER New Material Co., Ltd.
• HUVIS CORPORATION
• Hyosung Corporation

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/aramid-fiber-market-102183

80 views
AB
Akash Bainr 02/08/2021 · en

Glycerine Market Business Overview Size Share & Global Forecast Report 2027


The global glycerine market is set to gain traction from the increasing demand for bio-based fuels, such as biodiesel backed by rapid industrialization and urbanization. This information is given by Fortune Business Insights™ in a new report, titled, “Glycerine Market Size, Share & Industry Analysis, By Grade (USP Grade, and Technical Grade), By Application (Personal Care, Food & Beverages, Pharmaceuticals, Polyether Polyols, Chemical Intermediate, and Others), and Regional Forecast, 2020-2027.” The report further states that the glycerine market size was USD 1,622.8 million in 2019 and is projected to reach USD 2,405.5 million by 2027, exhibiting a CAGR of 5.2% during the forecast period.

How Was This Report Developed?

Our highly skilled analysts have conducted extensive primary and secondary research to create this special report containing COVID-19 impact. Through desk research, they came up with relevant qualitative and quantitative data associated with research objectives. They have analyzed the data sourced through primary research, thereby building recommendations and conclusions. The secondary research includes Porter’s Five Forces analysis to gain insights into the bargaining power of every link present in the value chain.

Drivers & Restraints-

Rising Adoption of Natural & Organic Ingredients by Cosmetics Firms to Aid Growth

The rising inclination of consumers towards naturalpersonal care and cosmetics products is set to propel the glycerine market growth in the coming years. This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients. Hence, multiple reputed cosmetic manufacturers, such as L’Oréal,P&G, Unilever, and Johnson & Johnson are extensively using natural and organic ingredients to cater to the high demand. However, as glycerine is obtained during the biodiesel manufacturing process as a by-product, refiners are facing challenges in terms of profit margins and production owing to the fluctuations in prices. It may hinder growth.

Segment-

Personal Care Segment to Generate Largest Share Backed by Usage in Toothpaste & Soaps

Based on application, the personal care segment generated 26.7% in terms of glycerine market share in 2019. This growth is attributable to the increasing usage of glycerine in the production of shaving cream, toothpaste, soaps, hair care, and skincare products. The segment is anticipated to procure the largest share throughout the forthcoming years stoked by the ability of the product to provide conditioning and reduced viscosity.

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/glycerine-market-102168

86 views
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Akash Bainr 02/08/2021 · en

Methanol Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™


The global methanol market is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles. The main reason for this is that methyl reduces the emissions of carbon dioxide in the atmosphere. This information is given by Fortune Business Insights™ in a new report, titled, “Methanol Market Size, Share & Industry Analysis, By Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), By Application (Construction, Automotive, Electronics, and Others) and Regional Forecast, 2020-2027.” The report further states that the methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period.

This Report Answers the Following Questions:
• What are the current trends and dynamics of the market?
• Which region is expected to dominate the market?
• What are the market drivers and hindrances?
• How will the companies cope with the COVID-19 pandemic?

Drivers & Restraints-

High Demand from Automotive & Construction Industries to Aid Growth

Heavy fuels, namely, diesel and gasoline are considered to be the major causes of environmental pollution. They often result in global warming and rapid changes in climate. Hence, the fuel industry is inclining towards methanol-infused fuels to lower the severe climatic conditions. Methyl is also used extensively as a transportation fuel owing to its possession of multiple properties. When mixed with gasoline, it reduces the toxic emissions. Apart from that, its high demand from construction and automotive industries would also contribute to the methanol market growth in the coming years. However, the outbreak of the COVID-19pandemic is expected to affect the market negatively as the manufacturers have shut down their plants temporarily.

Segment-

Formaldehyde Segment to Grow Rapidly Fueled by Increasing Demand from Multiple Industries

Based on derivatives, the market is segregated into solvent, MTO/MTP, biodiesel, gasoline blending, DME, MTBE, acetic acid, formaldehyde, and others. Out of these, the acetic acid segment held 5.4%in terms of methanol market share in 2019. The formaldehyde segment is likely to be the largest throughout the forthcoming years owing to their high demand from a wide range of industries, such as textile, automobile, and construction.

Regional Analysis-

Rising Production of Green Fuels to Favor Growth in North America

Geographically, in 2019, Asia Pacific procured USD 17.94 billion in terms of revenue. It is anticipated to be the major contributor to the market growth backed by the persistent expansion of the construction and automotive industries. China is a significant consumer and manufacturer of methanol derivatives. North America, on the other hand, is set to exhibit high growth stoked by the rising fuel blending and the increasing production of green fuels in this region.

Browse Summary Of This Research:

https://www.fortunebusinessinsights.com/industry-reports/methanol-market-101552



86 views
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Akash Bainr 31/07/2021 · en

Geosynthetics market to See High Growth in Forecast Year by 2027, Fortune Business Insights™


The global geosynthetics market is set to gain traction from the increasing usage of sustainable building materials. Geosystems reduce the usage of natural materials, such as aggregates and sand, thereby simplifying construction activities. In a typical cross-section, for instance, the depth of aggregate layercan be cut off so that less mining is needed for the construction of roads.
The above information is published by Fortune Business Insights™ in a recent report, titled, “Geosynthetics Market Size, Share and Industry Analysis, By Product (Geotextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026.” As per the report, the geosynthetics market size stood at USD 27.16 billion in 2018. It is set to reach USD 45.25 billion by 2026, exhibiting a CAGR of 6.6% during the forecast period.

This Report Answers the Following Questions:
• How big is the market?
• What are the geosynthetics market trends and growth drivers?
• Which region would remain at the forefront in the near future?
• Which are the top companies present in the market?
• What are the challenges that the market may face in the coming years?

Drivers& Restraints-

Rising Demand from Mining Sector to Propel Growth
Nowadays, geosynthetic materials are utilized for making waste barriers for mining by-products. Mining activities give out plenty of solid wastes, namely, waste rocks and tailings throughout the entire process that consists of waste disposal and containment. In this sector, geomembrane liners are extensively used for lining solutions, such as tailings impoundments, heap leaching, and evaporation ponds. Numerous organizations are also providing several geomembrane solutions to the mining sector. This sector uses around 40% of the geomembrane production worldwide. These factors are set to boost the geosynthetics market growth during the forthcoming years. However, geogrids are often damaged when they are exposed to UV light and low temperatures. It may hinder the market growth.

Browse Summary of this search

https://www.fortunebusinessinsights.com/geosynthetics-market-102545

89 views
AB
Akash Bainr 31/07/2021 · en

Glycerine Market Expected Growth Opportunities Forecast by 2027, Fortune Business Insights™


The global glycerine market is set to gain traction from the increasing demand for bio-based fuels, such as biodiesel backed by rapid industrialization and urbanization. This information is given by Fortune Business Insights™ in a new report, titled, “Glycerine Market Size, Share & Industry Analysis, By Grade (USP Grade, and Technical Grade), By Application (Personal Care, Food & Beverages, Pharmaceuticals, Polyether Polyols, Chemical Intermediate, and Others), and Regional Forecast, 2020-2027.” The report further states that the glycerine market size was USD 1,622.8 million in 2019 and is projected to reach USD 2,405.5 million by 2027, exhibiting a CAGR of 5.2% during the forecast period.

How Was This Report Developed?

Our highly skilled analysts have conducted extensive primary and secondary research to create this special report containing COVID-19 impact. Through desk research, they came up with relevant qualitative and quantitative data associated with research objectives. They have analyzed the data sourced through primary research, thereby building recommendations and conclusions. The secondary research includes Porter’s Five Forces analysis to gain insights into the bargaining power of every link present in the value chain.

Drivers & Restraints-

Rising Adoption of Natural & Organic Ingredients by Cosmetics Firms to Aid Growth

The rising inclination of consumers towards naturalpersonal care and cosmetics products is set to propel the glycerine market growth in the coming years. This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients. Hence, multiple reputed cosmetic manufacturers, such as L’Oréal,P&G, Unilever, and Johnson & Johnson are extensively using natural and organic ingredients to cater to the high demand. However, as glycerine is obtained during the biodiesel manufacturing process as a by-product, refiners are facing challenges in terms of profit margins and production owing to the fluctuations in prices. It may hinder growth.

Segment-

Personal Care Segment to Generate Largest Share
Backed by Usage in Toothpaste & Soaps
Based on application, the personal care segment generated 26.7% in terms of glycerine market share in 2019. This growth is attributable to the increasing usage of glycerine in the production of shaving cream, toothpaste, soaps, hair care, and skincare products. The segment is anticipated to procure the largest share throughout the forthcoming years stoked by the ability of the product to provide conditioning and reduced viscosity.

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/glycerine-market-102168

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