North America Glycerol Derivatives Market Size & Outlook
North America glycerol derivatives market, 2018-2030 (US$M)
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North America glycerol derivatives market highlights
- The North America glycerol derivatives market generated a revenue of USD 3,262.0 million in 2022.
- The market is expected to grow at a CAGR of 6.3% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 3,262.0 million |
| Market revenue in 2030 | USD 5,312.7 million |
| Growth rate | 6.3% (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 |
Other key industry trends
- In terms of revenue, North America region accounted for 20.5% of the global glycerol derivatives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,436.2 million by 2030.
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Glycerol Derivatives Market Scope
Glycerol Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 55.49% in 2022. Horizon Databook has segmented the North America glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.
In North America, the demand for refined glycerol is higher than for crude glycerol. Crude glycerol mainly comes from biodiesel refineries in the U.S. The demand for glycerol derivatives is rising due to the increased industrial manufacturing in the U.S. gulf region after post-winter-storm disruptions.
According to OECD, the region witnessed a large-scale glycerin import from Asia Pacific and Latin America in the second quarter of 2022. Furthermore, crude oil is also used as a raw material in the production of certain glycerol derivatives, such as propylene glycol.
As the price of crude oil increases, the cost of producing these derivatives, their transportation, and the cost of shipping raw materials and finished products also increases, affecting the prices of final products. Overall, any sudden changes in the prices of crude oil, having a direct impact on the production and sale of glycerol derivatives are expected to hamper the market growth.
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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 continent-level data and insights on the North America glycerol derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into North America glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America glycerol derivatives market size, by country, 2018-2030 (US$M)
North America Glycerol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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