Canada Glycerol Derivatives Market Size & Outlook
Canada glycerol derivatives market, 2018-2030 (US$M)
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Canada glycerol derivatives market highlights
- The Canada glycerol derivatives market generated a revenue of USD 894.7 million in 2022 and is expected to reach USD 1,435.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, bio-based was the largest revenue generating grade in 2022.
- Bio-based is the most lucrative grade segment registering the fastest growth during the forecast period.
Glycerol derivatives market data book summary
| Market revenue in 2022 | USD 894.7 million |
| Market revenue in 2030 | USD 1,435.8 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Bio-based |
| Fastest growing segment | Bio-based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bio-based, Petroleum-based |
| Key market players worldwide | Shell PLC, Tokyo Chemical Industry, DuPont de Nemours Inc, Solvay SA, Croda International PLC, Cargill, Primient, Haihang Industry Co., Stepan Co, Thyssenkrupp AG, Repsol SA |
Other key industry trends
- In terms of revenue, Canada accounted for 5.6% of the global glycerol derivatives market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. glycerol derivatives market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,068.8 million by 2030.
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Glycerol Derivatives Market Scope
Glycerol Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada glycerol derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glycerol derivatives market will help companies and investors design strategic landscapes.
Bio-based was the largest segment with a revenue share of 57.16% in 2022. Horizon Databook has segmented the Canada glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.
The glycerol derivatives market is projected to witness significant growth in Canada over the forecast period on account of the growing demand from the personal care industry. In addition, the presence of prominent brands including Procter & Gamble and L’Oréal among others is driving the market for glycerol derivatives.
Biodiesel is a major source of glycerol in Canada and is expected to hold the largest market share in the coming years. The Clean Fuel Standard Draft regulation published in Canada is likely to boost the biofuel industry over the coming years. This is likely to bolster the usage of biodiesel for glycerol derivatives production.
The increase in the per capita income over the past few years has improved consumer spending which is driving the demand for premium cosmetic and personal care products in the country, which in turn is predicted to have a positive impact on the personal care & cosmetics application segment of the glycerol derivatives market.
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Our clientele includes a mix of glycerol derivatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada glycerol derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Canada glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada glycerol derivatives market size, by grade, 2018-2030 (US$M)
Canada Glycerol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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