Colombia Glycerol Derivatives Market Size & Outlook
Colombia glycerol derivatives market, 2018-2030 (US$M)
Related Markets
Colombia glycerol derivatives market highlights
- The Colombia glycerol derivatives market generated a revenue of USD 317.8 million in 2022 and is expected to reach USD 520.9 million by 2030.
- The Colombia market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, petroleum-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 317.8 million |
| Market revenue in 2030 | USD 520.9 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Petroleum-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, Colombia accounted for 2.0% 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 Latin America, Argentina glycerol derivatives market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 738.5 million by 2030.
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Glycerol Derivatives Market Scope
Glycerol Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia 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.
Petroleum-based was the largest segment with a revenue share of 57.61% in 2022. Horizon Databook has segmented the Colombia 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 growing rapidly in Colombia owing to high demand for them from various end-use industries such as food & beverages and personal care. The production of glycerol derivatives is low in the country.
As such, these derivatives are imported in bulk from other parts of the world to cater to the domestic demand for them in Colombia. Petroleum-based glycerol derivatives, which are produced from petroleum-based raw materials, are widely used in various industries owing to their low costs and easy availability in Columbia.
According to the U.S. Energy Information Administration, Colombia is the second-largest producer of petroleum and other liquids after Brazil in Central & South America. It produced glycerol approximately 736,400 barrels per day in 2021.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia glycerol derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Colombia glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia glycerol derivatives market size, by grade, 2018-2030 (US$M)
Colombia Glycerol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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