- Demand of technical grade mixed glycerin is increasing across industries.
- Increasing use of synthetic glycerin is expected to hamper market growth.
- Asia Pacific region is expected to have a prominent market share.
Mixed Glycerin is a simple polyol compound. It is an odorless, colorless, viscous liquid that is sweet-tasting and non-toxic. Mixed glycerin is also known as glycerol or natural glycerin. Technical grade mixed glycerin is a refined, high-purity product in which most of its contaminants has been removed. Technical grade mixed glycerin contains no soaps, methanol, salts, and other external matter which is generally 99.5% pure glycerin by content.
Technical grade mixed glycerin has a range of application in various end use industries such as a hard surface cleaner in metal working industries, within adhesives industry Technical grade mixed glycerin is used in PUR polyol and as humectant. In agriculture it is used as a diluent, and solvents, within oilfield chemical it is used for freeze control and in paints & coating industry it is used as alkyd resin polyol. Additionally, technical grade mixed glycerin also has some other application including softeners, perfumes, dynamite, gums, etc. However, it is not the purest form of glycerin and cannot be used for food and pharmaceutical applications.
Technical grade mixed glycerin is a versatile chemical used for many applications in various industries and the growing demand from the end use industries can provide foundation for the robust growth of technical grade mixed glycerin market in the future. The demand of better surface cleaners for hard surfaces is increasing among the industrial cleaners in the metal industry. Additionally, the rising demand for technical grade mixed glycerin from the paints & coatings and adhesives industry is expected to significantly drive the growth of the market over the forecast period.
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Furthermore, the demand of technical grade mixed glycerin is increasing for the manufacturing of perfumes in the cosmetics industry. The increasing use of technical grade mixed glycerin in the agriculture chemicals such as, solvents, diluents, etc. expected to push the growth of the market during the forecast period.
However, the technical grade mixed glycerin contains a little amount of impurities owing to which it cannot be used for food and pharmaceutical applications. Also, the increasing use of synthetic glycerin is expected to hamper the growth of the market during the forecast period.
Technical grade mixed glycerin market can be segmented application, end use industry and region.
On the basis of application, global technical grade mixed glycerin market is segmented into:
Hard Surface Cleaners
Alkyd Resin Polyol
Others (Dynamite, Gums, etc.)
On the basis of end use industry, global technical grade mixed glycerin market is segmented into:
Paints & Coatings Industry
In the global technical grade mixed glycerin market Asia Pacific region is expected to have a prominent share owing to significant demand for technical grade mixed glycerin hails from this region. China is expected to be the leading market owing to presence of a significant number of glycerin producers and growing consumption of glycerin in the country. North America also anticipated to have a significant share in the global technical grade mixed glycerin market owing to increasing demand from metal, and for paints & coatings industries.
European technical grade mixed glycerin market is subjected to various government regulations for the production and use of technical grade mixed glycerin in various end use industries owing to that the region is projected to have moderate growth during the forecast period. Middle East and Africa region is expected to have a promising growth in the technical grade mixed glycerin market.
Some of the market participants in the global technical grade mixed glycerin market are:
Procter & Gamble
KPL International Limited
Vance Group Ltd.
PMC Group, Inc.
The Vegetable Vitamin Foods Company Pvt. Ltd.
Bunge Argentina S.A.