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Global Glycidol Market to Grow at a CAGR of 5.5% During 2022-2027, Aided by the Increasing Application in Pharmaceutical and Construction Sectors

According to a new report by EMR titled, ‘Global Glycidol Market Report and Forecast 2022-2027’, the market witnessed a healthy growth in 2021. The global market for glycidol is expected to grow at a CAGR of 5.5% in the forecast period of 2022-2027.

The market for glycidol is being driven by its extensive use as a cleaning agent amid the pandemic, fuelled by the growing consumer demand for surface cleaning products. In addition, the increasing incidences of chronic diseases are further augmenting the demand for glycidol as an epoxide in the manufacturing of pharmaceutical products. Moreover, the use of ethers based on glycidol in diluting coatings and paints is expected to surge with the increasing construction activities worldwide. Also, the growing investments in the research and development activities by the key industry players to improve the properties of glycidol and glycidol based products are expected to aid the market in the forecast period.

The increasing focus of the market players to utilise environment friendly production processes in order to reduce emissions, owing to stringent government regulations, is expected to support the market growth. For instance, in July 2018, Akzo Nobel N.V. (OTCMKTS: AKZOY) announced its joint agreement with Green Lizard Technologies to develop biosurfactants from plants that are sustainable and cost-effective. In this regard, the Green Lizard Technologies has developed a patented process of technologically converting glycerol, a waste product generated from the manufacturing of biodiesel, into glycidol. The companies aim towards manufacturing this glycidol for the development of green and sustainable industrial paints and speciality chemicals. Such developments are expected to bolster the market for glycidol in the forecast period.

Market Analysis by Type, Application, Distribution Channel, and Region:

  • The glycidol industry, on the basis of type, can be segmented into glycidol below 95%, glycidol 96%, glycidol 97%, and glycidol more than 97%.
  • Based on application, the market is divided into production of surface-active compounds, additives in plastics, paints, photographic chemicals, pharmaceuticals, and biocides, among others.
  • On the basis of distribution channel, the market can be segmented into online and offline.
  • The regional markets for glycidol include North America, Europe, the  Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for glycidol is being driven by the expanding use of glycidol as a sanitary cleaning agent.
  • The use of glycidol in paints and construction sector is further augmenting the market growth.
  • The growing demand for glycidol in the pharmaceutical industry, fuelled by the increasing incidences of chronic diseases and the growing demand for effective medications and vaccines, is also supporting the industry growth.
  • The investments made in research and development activities by the key industry players are expected to propel the market in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for glycidol for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, applications, distribution channels, and major regions of glycidol.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global glycidol market are  LGC Group, HBCChem, Inc., Acros Organics, Fujifilm Wako Pure Chemical Corporation, and Nacalai Tesque Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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