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Global glycerol market is expected to be over USD 2billion in terms of revenue over the forecast period.
Increasing use of biofuels and oleochemicals is expected to drive market growth. It is non-toxic and
nutritious and therefore it is widely used in consumer products. Additionally, it is used in preservatives
and food sweeteners depending on their reactions to chemical. New healthcare technologies can
provide potential opportunities to the glycerol market.
Global consumption was over 2,000 kilo tons in 2013 and is expected to be over 3,400 kilo tons by 2020,
growing at CAGR of over 6% for the forecast period. It can be used in production of renewable chemicals
opening new avenues for market participants. Factors such as unstable government policies,
unpredictable feedstock supply and expensive refining processes are expected to restrict market
growth.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/glycerol-industry/