Saudi Arabia Glycerol Derivatives Market Size & Outlook
Saudi Arabia glycerol derivatives market, 2018-2030 (US$M)
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Saudi Arabia glycerol derivatives market highlights
- The Saudi Arabia glycerol derivatives market generated a revenue of USD 627.4 million in 2022 and is expected to reach USD 917.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.9% 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 627.4 million |
| Market revenue in 2030 | USD 917.9 million |
| Growth rate | 4.9% (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, Saudi Arabia accounted for 3.9% 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 Middle East & Africa, Saudi Arabia glycerol derivatives market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 660.9 million by 2030.
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Glycerol Derivatives Market Scope
Glycerol Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 55.77% in 2022. Horizon Databook has segmented the Saudi Arabia glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.
The easy availability of biodiesel in Saudi Arabia is expected to contribute to the production of glycerol derivatives in the country in the coming years. Moreover, the surging demand for polyglycerol and petroleum-based glycerol derivatives is also anticipated to contribute to the growth of the market in Saudi Arabia.
According to Trade.gov, the country has the largest proven oil reserves in the world. The rise in the consumption of petroleum-based products in Saudi Arabia is anticipated to drive the growth of the market in the country during the forecast period.
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Target buyers of Saudi Arabia glycerol derivatives market databook
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Our clientele includes a mix of glycerol derivatives market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia glycerol derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia glycerol derivatives market size, by grade, 2018-2030 (US$M)
Saudi Arabia Glycerol Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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