The global glycidol market was valued at USD 8,190.2 Million in 2019 and is projected to reach USD 13,205.5 Million by 2027, expanding at a CAGR of 7.8% during the forecast period. Glycidol is an organic compound which contains alcohol and epoxide functional groups. Glycidol has a variety of industrial uses because it is bifunctional. The compound is a slightly viscous liquid that is slightly unstable and is not often encountered in pure form.
Rapid industrialization and urbanization are boosting the need for additives used in the paint industry. Moreover, the growth of the middle-class population in emerging economies is fueling the global paint industry. This fuels the global glycidol market, as the paint industry requires glycidol, as an additive.
Key players focus on launching cost effective paint products using glycidol as an active ingredient, thus boosting market growth. Moreover, mergers & acquisitions and other expansion activities by companies are driving the market in various regions.
The growth of the construction industry in developing countries is fueling the demand for plastics, which in turn, is driving the glycidol market growth. Moreover, the expansion of the market can be attributed to the rise in foreign investment (FDI) requirements and norms for better industrial and public infrastructure, is boosting the need for additives such as glycidol. However, strict government regulations on the use of glycidol, due to its environmental effect are hampering the growth of the market in some countries across the globe.
Based on types, the Global Glycidol Market can be segmented into glycidol 96%, glycidol 97%, glycidol 98% and other. The glycidol 96% segment is anticipated to expand at a CAGR of 6.5% during the forecast period due to increasing industrial applications. Moreover, this segment held a significant share of the market in 2019, as it is a highly preferred compound used for paint preparation.
Glycidol 96% has been used in the synthesis of hyperbranched polyglycerol (HPG) via ring opening reaction. These HPGs are being considered as alternatives to PEGs for developing antifouling surfaces due to their thermal and oxidative stability. It can also be used in the synthesis of ethoxy ethyl glycidol ether. Glycidol 96% may also be used in the preparation of chelating polymers for borate removal.
Glycidol 97% is used as stabilizer in manufacturing of vinyl polymers, intermediate in synthesis of amines, glycerol, and glycidol ethers. Also, Glycidol 97% is employed in the synthesis of chiral (E)-allylic alcohol sidechains for introduction into prostacyclin and prostaglandin frameworks by cross-metathesis.
Glycidol 98% is used as an intermediate for preparing of fluoromisonidazole. It can also be used as a starting material in the synthesis of glycerophosphocholines
Glycidol’s purity range also includes purity range less than 96% and more than 98. These are sensitive to moisture and sensitive to light. They can be polymerized by heating above room temperature. These may darken on storage. Glycidols if stored for two weeks protected from light indicated definite decomposition at 140° F, and strongly indicated instability at 77° F. They are incompatible with strong oxidizers and nitrates. These will attack some forms of plastics, rubber and coatings.
Based on applications, the market can be divided into epoxy resin thinner, modifier, stabilizer, and others. The epoxy resin thinner segment is expected to hold the significant share of the global market as it is having high degree of chemical resistance, toughness, rigidity and has outstanding adhesion over a variety of substrates, which makes it useful in coatings and adhesives.
In terms of regions, the global Glycidol market has been fragmented into Europe, North America, Latin America, Asia Pacific and Middle East & Africa. North America is a promising region for the market. The region constituted significant share of the market in 2019. Significant market share of North America is attributed to the presence of advanced technologies in the chemical industry. New energy infrastructure and radical changes in chemical industry, towards renewable energy sources, creates opportunities for industrial growth in Europe. The market in Asia Pacific region is expected to grow at a significant rate during the forecast period. Rationalization of capacity will gain traction in this market. Glycidol has its wide application in pre-engineered buildings for material, and structures frameworks. Rising demand for consumer durables and capital goods is supporting market growth in Latin America.
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Additional company profiles can be provided on request.
According to this Growth Market Reports, the glycidol market is likely to register a CAGR of 7.8% during forecast period between 2020 and 2027, with an anticipated valuation of USD 13,205.5 million by the end of the 2027.
Market size (in USD Million) and company market share (in % for base year 2019), other data such as pricing analysis for year 2017 to 2027 (estimated pricing analysis) has been provided along with impact of key regulation for glycidol market is available in final report.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Changing lifestyles and preferences, health awareness, chemical industry advancement, introduction of new plastics and paints, and increase in R&D expenditure by manufacturers for developing new glycidol products is expected to drive the market growth during forecast period.
Paint & Coating industry, chemical industry, and textile industry are the key end-users that are driving the Glycidol market.
The market is expected to witness sluggish pace between 2019 and 2020 due to the adverse impact of COVID 19 pandemic on supply chain of market.
The base year considered for the global Glycidol market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years, and the forecast is provided from 2020 to 2027.
Major manufactures include, HBCChem, Acros Organics, Meryer (Shanghai), Chemical Technology, Wako, NacalaiTesque, KANTO CHEMICAL, LGC Group, and Atomaxchem
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