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The Asia Pacific region is one of the leading markets for polyglycerol owing to its extensive demand in various end-use industries. The robust growth of the food and beverage industry in countries such as India, China, and Japan, is increasing the demand for emulsifiers, hence augmenting the market growth for polyglycerol in the region. Moreover, the inflating disposable incomes owing to rapid industrialisation and urbanisation is expected to increase the demand for food and beverage products, which is further invigorating the market growth. As various food and beverage products are increasingly manufactured in India and China, the demand for polyglycerol as an additive and emulsifier is surging, which is significantly contributing to the industry growth. In addition, the thriving cosmetics and personal care industry in Japan, South Korea, India, and China is increasing the use of polyglycerols, therefore invigorating the market growth.
Lonza Group Ltd. (OTCMKTS: LZAGF), one of the leading players in the market, was expected to introduce its SYNETH product range of polyglycerol esters at NYSCC Suppliers’ Day 2019 in May 2019. The esters are extremely versatile non-ionic emulsifiers and surfactants that aid formulators in striking the balance between functionality, mildness, and aesthetics. The product range is based on unique and customisable polyglycerol ester to provide key formulation properties by enabling formulation without compromise. Moreover, the product range addresses the consumers’ desire to care for their bodies and the environment while meeting the demand for luxurious and innovative products. The product range can be used for versatile applications in beauty and personal care, from cleaners to leave-on and rinse-off applications for skin, hair, and scalp care. Such developments are increasing the demand for polyglycerol, hence, augmenting the market growth.
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The major players in the global polyglycerol market are BASF SE, Sakamoto Yakuhin Kogyo Co., Ltd., Oleon NV., Spiga Nord S.p.A., and Lonza Group Ltd., 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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