Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the Market is observed to pick up at a quick pace, registering a CAGR of almost 7.43% during the tenure of 2021-2027.
The report published by Maximize encompasses the market dynamics which could affect the market growth of the Glycerol Carbonate in the region, the Value-Chain Analysis, and Porter’s Analysis for the market at a global level.
Energy is a country’s most valuable resource for economic development. However, because of the depletion of crude oil sources and rising fuel demand, the globe has been confronting energy and environmental crisis for the past two decades. This has accelerated the development of bioenergy as an environmentally preferable alternative to crude oil. As a result, glycerol carbonate manufacturers are creating biofuel for the disposal or valorisation of leftovers like glycerol.
Biodiesel is a viable option for addressing global petroleum depletion. Companies in the Glycerol Carbonate Market, on the other hand, face specific hurdles in the biodiesel business, such as quality and acceptance issues, as well as waste management issues. As a result, companies should use thermochemical purification techniques to purify glycerol, which may then be used to make biodiesel.
The study is consolidated based on segments and further into sub-segments, based on Grade (food grade, industrial grade, and pharmaceutical grade, and others), and Application (solvents, monomers, fuel additives, chemical intermediates, and others).
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major 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, and Others.
You can browse the market data tables and figures spread through a comprehensive research report and an in-depth TOC on the “Global Glycerol Carbonate Market.”
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The post Global Glycerol Carbonate market is expected to surpass US $1.80 Billion by the year 2027, from US $1.17 Billion in 2020. appeared first on MAXIMIZE MARKET RESEARCH.