Market revenue in 2022 | USD 1,407.5 million |
Market revenue in 2030 | USD 2,041.9 million |
Growth rate | 4.8% (CAGR from 2022 to 2030) |
Largest segment | Bio-based |
Fastest growing segment | Bio-based |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 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 |
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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 55.23% in 2022. Horizon Databook has segmented the Middle East & Africa glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.
The food & beverages industry in the Middle East & Africa has been growing rapidly over the past decade as consumers prefer glycerol owing to its non-toxic nature and nutritional benefits over synthetic products.
Increasing demand for dairy-based probiotic drinks, along with the introduction of new food products and beverages with new flavors containing low fats and sugar, is also fueling the growth of the glycerol derivatives market in the region.
The growing geriatric population, increasing instances of chronic diseases, and surging healthcare spending in the region drive the demand for pharmaceuticals in the Middle East & Africa. This is projected to influence the demand for glycerol derivatives used in pharmaceuticals in the coming years.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa glycerol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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