According to a recent market study published by Growth Market Reports titled, "Global Glycidol Market by Types, Applications, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027", the market was valued at USD 8,190.2 Million in 2019 and is anticipate data CAGR of 7.8% during the forecast period from 2020 to 2027. Glycidol is one of the epoxy compounds, which finds numerous applications in healthcare and pharmaceuticals industries. The glycidol may be obtained via chlorine or chlorine-free methods. Chloride methods generate a large amount of waste, as they are harmful to the environment. Chlorine-free methods use allyl alcohol as an organic raw material, and thus are less harmful to the environment.

In this report, the global glycidol market is segmented into types, applications, and regions. On the basis of types, the global glycidol market is classified into glycidol 96%, glycidol 97%, glycidol 98%, and others. Furthermore, based on the applications, the global glycidol market is categorized into epoxy resin thinner, modifier, stabilizer, and others. Based on regions, the global glycidol market has been categorized as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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The global glycidol market is expected to grow at a sluggish pace due to the adverse impact of COVID 19 pandemic on the supply chain of the market in 2020. Moreover, closing of various manufacturing plants in first quarter of the year 2020 had decreased the sales of products containing glycidol. Conversely, the market is expected to grow at a significant pace in 2021 due to increasing its adoption in manufacturing industry.

As per Growth Market Reports’ industry analyst Vidya Jadhav, “The global glycidol markets anticipated to grow at a moderate pace from 2020 and 2027 driven by increasing glycidol applications in numerous end-use industries such as plastics and paints. Moreover, the growth in these end-use industries is expected to drive the glycidol market during the forecast period.

Key players in the market are actively focusing on expansion of distribution channels at a global level. Additionally, companies are engaged in offering a wide range of product portfolio in glycidol market. These key manufacturers adopt diverse approaches such as collaborations, contracts, agreements, and product development to sustain their market status.

Key Takeaways from the Study

  • Europe holds a key share of the global glycidol market due to the presence of a large number of companies. However, the market in Europe is expected to face challenges in the near future due to strict government rules, as glycidol adversely affects the environment.
  • The market in Asia Pacific is projected to expand at significant CAGR during the forecast period owing to increasing demand of paints and plastics in China and India.
  • In terms of value, the glycidol 96% segment holds a significant share of the global glycidol market due to its ease of industrial production and benefits associated with the end-use applications.
  • The stabilizer application segment is expected to expand at a high CAGR during the forecast period due to its increasing use to ensure safe processing and protect products against premature aging and weathering.
  • Key players from North America are penetrating Asia Pacific due to increasing demand of glycidol in the region, which in turn, is expected to drive the market in the region.

Report Scope

Report Metric

Details

Market Value in 2019

USD 8,190.2 Million

Market Growth Rate (from 2020 to 2027)

7.8%

Historical Data

2017 to 2018

Base Year

2019

Near future

2020 - 2027

Units Considered

Capacity (Million Grams)

Market Segments

By Types, By Applications

Country Scope

The US, Canada, Brazil, Mexico, Rest of Latin America (LATAM), Germany, France, the UK, Italy
Russia and Rest of Europe, China, Japan, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, South Korea, and Rest of APAC

Regional Scope

Europe, North America, Latin, America, Asia Pacific, and Middle East & Africa

Key Companies Profiled

HBCChem, Acros Organics, Meryer (Shanghai) Chemical Technology, Wako, NacalaiTesque, KANTO CHEMICAL, LGC Group, and Atomaxchem

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: glycidol producers, raw material suppliers, primary respondents, and distributors
  • Demand Side: plastic & paints, photographic chemicals, pharmaceuticals, biocides and others
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies

Associations and Industry Bodies

  • INCHEM
  • World Health Organization
  • AMERICAN COATINGS ASSOCIATION
  • World Paint & Coatings Industry Association
  • International Council of Chemical Associations
  • European Council of the Paint, Printing Ink and Artists