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The glycidol market size is forecast to increase by USD 44.4 million, at a CAGR of 5.18% between 2023 and 2028. The market is experiencing significant growth due to the expanding real estate and construction industry, which is driving the demand for this versatile chemical. Glycidol's unique properties, including its ability to act as a cross-linking agent and its use in the production of epoxy resins, make it an essential component in various construction applications. Furthermore, innovations in the manufacturing process of glycidol are leading to increased efficiency and cost savings, making it a more attractive option for manufacturers. Therefore, the increasing demand for paints in the construction industry will drive the market during the forecast period. However, the market is also facing challenges from fluctuations in the prices of raw materials, particularly butadiene and formaldehyde, which are key inputs in the production of glycidol. These price volatilities can impact the market's growth trajectory and require suppliers to adopt strategic sourcing and pricing strategies to mitigate risks.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market share growth by the Production of surface-active compounds segment will be significant during the forecast period. Glycidol, a versatile chemical compound, plays a significant role in various industries, including plastic manufacturing and paint industry. In the plastic industry, it serves as an additive in the production of vinyl polymers and epoxy resins, utilized extensively in consumer electronics, packaging and residential appliances. As a solvent, glycidol is employed in paint manufacturing, reducing viscosity and enhancing the flow properties.
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The Production of surface-active compounds segment was valued at USD 50.30 million in 2018. In the realm of personal grooming and hygiene, glycidol finds application as a surfactant in cosmetic preparations, skincare products, laundry detergents, and disinfectants. Surfactants derived from glycidol aid in quick absorption and prevent greasy residues, making them suitable for sunscreens and skincare cosmetics. Moreover, glycidol esters, amines, and alkylation products have pharmaceutical applications as sterilants, cardiac agents, and treatments for chronic health disorders like diabetes and obesity. Glycidol's role extends to the textile industry, where it functions as a surfactant and emulsifier. In construction activities, it acts as a solvent and plasticizer for vinyl chloride monomers. With the increasing trend towards chemical-free products, glycidol's demand is expected to grow in the market, driven by its use in various applications. The online distribution channel, including e-commerce, is a significant contributor to the growth of the glycidol market.
APAC is estimated to contribute 39% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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The growth of the market in APAC is attributed to factors such as the increasing use of these in various applications, such as manufacturing paints, plastics, and active pharmaceutical ingredients (APIs). The presence of numerous pharmaceutical companies, especially in the US, will increase the demand for drug manufacturing. The increasing number of construction projects across the US will drive the demand for plastics and plastic additives during the forecast period. This, in turn, will drive the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
FUJIFILM Corp. - The company offers glycidol standard for food analysis, through its subsidiary FUJIFILM Wako Pure Chemical Corp.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Glycidol, a versatile chemical compound, is a crucial additive in various industries, including plastic manufacturing, consumer electronics, residential appliances, and the plastic industry at large. As a solvent, glycidol plays a significant role in enhancing the properties of plastics, making them more durable and resilient. In the consumer electronics sector, glycidol is used in the production of printed circuit boards, contributing to their improved performance and longevity. Beyond plastics, glycidol finds extensive applications in paint manufacturing, where it serves as a key ingredient in producing high-quality paints and coatings. In the personal grooming and hygiene sectors, glycidol is used in the production of skincare products and lifestyle disorders treatments. The production of glycidol involves the alkylation of glycerol, resulting in the formation of glycidol esters, amines, and other related compounds. These derivatives find applications in various industries, including the pharmaceutical sector, where glycidol is used as a pharmaceutical intermediate in the production of antibiotics, biochemical probes, cardiac agents, sterilants, and advanced therapies. In the building and construction industry, glycidol is used in industrial coatings, while in the textile industry, it is used in the production of various fabrics and fibers. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The growing real estate and construction industry is notably driving market growth. The growth of the global real estate and construction industry has resulted in the rise in the construction of office spaces, commercial complexes, and residential buildings. This, in turn, has led to a surge in demand for paints such as architectural paints, which are preferred in construction and structural applications.
Rapid urbanization and high investments in infrastructure development are driving the growth of the construction industry in developing countries such as India and China. This growth is also influenced by factors such as personal grooming, cosmetic formulations, the healthcare sector, the pharmaceutical sector, infection-transmitted diseases, the plastic manufacturing industry, end-use sectors, glycidol market opportunities, lifestyle disorders, diabetes, and heart problems. The increasing global population is driving the demand for infrastructure such as housing. This, in turn, is fueling the demand for paint for interior and exterior finishing applications. Therefore, the increasing demand for paints in the construction industry will drive the market during the forecast period.
Innovation in the manufacturing process of glycidol is a significant trend in the market. This was traditionally produced using petrochemically derived and hazardous materials. However, the manufacturing processes used were inefficient and dangerous, which increased the price. One of the methods included the epoxidation of allyl alcohol with hydrogen peroxide or the reaction of epichlorohydrin with a caustic agent. However, allyl alcohol is highly toxic, and epichlorohydrin is made from hydrocarbon feedstocks such as propylene. Expensive purification steps are needed to stop the acid residues from entering the environment.
companies are focusing on replacing the hazardous and inefficient processes of manufacturing. For instance, carbon dioxide and methanol can be combined to produce dimethyl carbonate (DMC), which is used in the clean production of glycidol. Therefore, innovation in manufacturing techniques, which includes the use of clean production of glycidol, will support the growth of the market during the forecast period.
Fluctuations in the prices of raw materials for glycidol may impede the market. This is generally obtained from glycerol, which is a byproduct obtained during the synthesis of biodiesel. Therefore, changes in biodiesel prices negatively impact the prices of raw materials. This significantly affects the profit margins of companies, which has a harmful influence on small-scale businesses.
They contain epoxide, which is derived from petroleum. A demand-supply imbalance in the global crude oil market leads to strong fluctuations in crude oil prices and their derivatives. This, in turn, can adversely affect production costs and lower profit margins. Such fluctuations can pose a major threat to companies and decrease the demand from end-user industries. These factors will hinder the growth of the global market during the forecast period.
Glycidol, a versatile additive, plays a significant role in various industries including plastic manufacturing, consumer electronics, residential appliances, and the plastic industry. In plastic manufacturing, glycidol acts as a solvent and reactive monomer, contributing to the production of vinyl polymers and epoxy resins. It finds extensive applications in paint manufacturing, where it functions as a surface-active compound, enhancing the performance of paints and coatings. The demand for online services has increased the availability of household cleaners that utilize photographic chemicals and biocides for enhanced hygiene and sanitation. These products provide effective solutions for maintaining cleanliness and safety in homes, catering to consumers seeking convenient and reliable cleaning options. Glycidol also find its usage in consumer electronics, particularly in the production of resins for printed circuit boards. In the consumer goods sector, it is used in personal grooming and hygiene products, cosmetic preparations, and laundry detergents. Its applications extend to disinfectants, sterilants, and pharmaceutical applications, including cardiac agents and diabetes treatments.
However, concerns regarding health hazards, including its classification as a carcinogenic substance, have led to the demand for chemical-free products. As a result, glycidol's usage in certain applications is being replaced by natural alternatives. The online distribution channel, including e-commerce platforms, is driving the growth of the glycidol market, making it easily accessible to various industries. Glycidol is produced through the alkylation of glycerol with amines or esters. It is used in the production of various chemicals, including glycidyl esters, glycidyl amines, and glycidyl ethers. Its applications span across various industries, including the paint industry, construction activities, textile, and pharmaceutical applications. Despite the health concerns, the demand for glycidol remains strong due to its unique properties and wide range of applications.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
Market growth 2024-2028 |
USD 44.4 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
4.79 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aggarwwal Exports, Biosynth Ltd., BOCSCI Inc., Changzhou Huaren Chemical Co. Ltd., FUJIFILM Corp., Kanto Chemical Co. Inc., LGC Science Group Holdings Ltd., Merck KGaA, Otto Chemie Pvt. Ltd., Santa Cruz Biotechnology Inc., Spectrum Laboratory Products Inc., Synthesis with Catalysts Pvt. Ltd., Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for Market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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