#Bio Feedstocks Market Analysis

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Global Bio Feedstocks Market Size Expected To Reach USD 25848 Million With CAGR 23.20% By 2030

The Global Bio Feedstocks Market size was reasonably estimated to be approximately USD 6000 Million in 2023 and is poised to generate revenue over USD 25848 Million by the end of 2030, projecting a CAGR of around 23.20% from 2023 to 2030.

Any material obtained from a biological source and used to produce energy or other goods is referred to as bio-based feedstock. It includes a broad variety of organic elements, including waste from organic processes, crops, forestry byproducts, and agricultural residues. Since these feedstocks come from living things and may be restored by natural processes, they are renewable resources.

Bio-based feedstocks are used in the production of bioenergy, biofuels, biochemicals, and bioplastics. They provide a sustainable substitute for fossil fuels and non-renewable resources in these sectors. We can lessen our reliance on finite resources, cut greenhouse gas emissions, and advance a circular economy that is more ecologically friendly by using bio-based feedstocks.

Biofuels like biodiesel, sustainable diesel, and bioethanol can be produced from bio-based feedstocks like algae, plant-based oils, and animal fats. By replacing fossil fuels in transportation, these fuels lower carbon emissions and lessen reliance on depleting petroleum supplies.

Bio-based feedstocks can be processed to yield a wide range of substances. Biomass can be converted, for instance, into biodegradable packaging materials, biobased polymers, and biocomposites. The synthesis of bio-based compounds, such as bio-based lubricants, solvents, and polymers, can begin with plant oils and sugars.

Leading players involved in the Bio Feedstocks Market include:

"Beta Renewables (Italy), DowDuPont (US), Enerkem (Canada), Fiberight (US), GranBio (Brazil), VIRENT (US), Clariant (Switzerland), Abengoa (Spain), BASF (Germany), INEOS Bio (Switzerland), DSM (Netherlands), Cargill (US), Novozymes (Denmark), DSM (Netherlands), Roquette (France), Total Corbion PLA (Netherlands), Braskem (Brazil), Amyris (US) and Other Major Players". 

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Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Driver:

One major driver propelling the bio feedstocks market is the rising concerns over climate change and the need to reduce carbon footprint. Governments worldwide are implementing strict regulations to limit greenhouse gas emissions, promoting the adoption of sustainable practices across industries. Bio feedstocks offer a viable solution as they are derived from renewable sources and have lower carbon emissions compared to fossil-based alternatives. This regulatory push, coupled with increasing consumer preference for eco-friendly products, is driving the demand for bio feedstocks in various applications.

Market Opportunity:

An emerging opportunity in the bio feedstocks market lies in the development of advanced technologies for efficient production and processing. Innovations in biotechnology, such as genetic engineering and fermentation processes, present opportunities to enhance the yield and quality of bio feedstocks while reducing production costs. Additionally, there is a growing focus on utilizing non-food biomass sources, such as agricultural residues and municipal solid waste, to produce bio-based feedstocks, thereby addressing concerns related to food security and land use. Capitalizing on these technological advancements and diversifying feedstock sources could unlock new growth avenues for market players.

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Segmentation of Bio Feedstocks Market:

By Type

Starch

Oils

Cellulose & Lignin

Proteins

Others

By Application

Energy

Pulp & Paper

Food industry

Pharmaceuticals

Chemicals

Others

By Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

 Effective Points Covered in Bio Feedstocks Market Report: -

Details Competitor analysis with accurate, up-to-date demand-side dynamics information.

Standard performance against major competitors.

Identify the growth segment of your investment.

Understanding most recent innovative development and supply chain pattern.

Establish regional / national strategy based on statistics.

Develop strategies based on future development possibilities. 

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Future of U.S. Geosynthetics Market: Insights from Industry Experts

The U.S. geosynthetics market size was estimated at USD 3.08 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030. The U.S. is expected to account for a significant market share of the total shale gas consumption in the future on account of increasing drilling activities for shale gas and tight oil supply conditions. This is projected to positively drive the geosynthetics market in the country over the forecast period.

Geosynthetics are used for base reinforcement, separation, and stabilization of roads and pavements. Furthermore, these products also find their application in subsurface drainage systems for dewatering, road base, and structure drainage. Geotextiles are used in the strengthening of industrial units, car parks, and new roadways. The incorporation of geosynthetics entails sustainable development, a small volume of earthwork, low carbon footprint, and an increased rate of construction. The growth of the construction industry around the world, including the U.S., is expected to remain one of the key market drivers for the global geosynthetics market, further boosting the market in the U.S.

Gather more insights about the market drivers, restrains and growth of the U.S. Geosynthetics Market

Key U.S. Geosynthetics Company Insights

The market is majorly run by petrochemical manufacturers across the U.S. The competition in the market is also high due to the presence of a large number of manufacturers. Market players have established strategic partnerships with the distributors to supply their product offerings. Stringent government regulations and depleting petroleum feedstock have contributed to shifting the focus of manufacturers on renewable energy sources and prompted extensive research and development of bio-based raw materials.

Some of the prominent players in the U.S. geosynthetics market are TenCate Geosynthetics Americas; Maccaferri; Concrete Canvas Ltd.; NAUE GmbH & Co. KG; and Propex Operating Company, LLC

• NAUE GmbH & Co. KG, formerly known as Naue Fasertechnik GmbH & Co. KG, was established in 1967. It changed its name to NAUE GmbH & Co. KG in 2005. The company has its headquarters in Germany, with a global presence across North America, Asia, Europe, Australia, South America, and the Middle East & Africa.

• Maccaferri provides advanced solutions for problems related to erosion control, soil reinforcement, stabilization of the soil, and infrastructure development in application areas such as roads, railways, canals, rivers, coastal defenses, and landfills. It owns over 70 subsidiaries in over 100 countries. As of 2018, the company employed over 3,000 individuals globally.

• TENAX Group was established in 1960 and headquartered in Viganò, Italy. The company majorly specializes in extruding thermoplastic polymers. Its product range includes fences, screens, plastic nets, geogrids, and geosynthetics, which find applications in areas such as pipeline, packaging, industrial, geotechnical, gardening, fencing, construction, and agriculture.

U.S. Geosynthetics Market Report Segmentation

This report forecasts market share and revenue growth at country levels and provides an analysis of industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the U.S. geosynthetics market report based on product:

Product Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

• Geotextiles

o By Raw Material

o By Product

o By Application

• Geomembranes

o By Raw Material

o By Application

o By Technology

• Geogrids

o By Raw Material

o By Application

o By Product

• Geonets

o By Raw Material

o By Application

• Geocells

o By Raw Material

o By Application

Order a free sample PDF of the U.S. Geosynthetics Market Intelligence Study, published by Grand View Research.

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Polypropylene Filament Yarn (PPFY) Prices: Trends, Drivers, and Market Dynamics

Polypropylene Filament Yarn (PPFY) is a versatile and lightweight material widely used in textiles, packaging, and industrial applications. Its cost-effectiveness, durability, and resistance to chemical and environmental degradation make it a preferred choice in various industries. However, PPFY prices are subject to significant fluctuations, influenced by multiple factors, including raw material costs, global demand-supply dynamics, and geopolitical factors.

Current Trends in PPFY Prices

In recent years, PPFY prices have shown a mixed trend, reflecting the global economic environment and raw material volatility. As of the latest market analysis, PPFY prices have been affected by:

Feedstock Fluctuations: Polypropylene, derived from crude oil or natural gas, is the primary feedstock for PPFY production. Changes in crude oil prices directly impact polypropylene costs, which subsequently affect PPFY prices.

Supply Chain Challenges: Disruptions in the supply chain, such as shipping delays or plant shutdowns, have led to sporadic price spikes.

Regional Demand Variances: The demand for PPFY varies across regions, with Asia-Pacific being the largest consumer due to its robust textile and packaging industries. In contrast, markets in North America and Europe have shown steady but slower growth.

Get Real time Prices for Polypropylene Filament Yarn (PPFY): https://www.chemanalyst.com/Pricing-data/polypropylene-filament-yarn-ppfy-1160

Key Drivers of PPFY Prices

Several factors drive PPFY pricing dynamics:

Raw Material Costs: Polypropylene prices account for a significant portion of the total cost. Fluctuations in crude oil and natural gas prices, driven by geopolitical tensions or changes in production levels, heavily influence PPFY prices.

Manufacturing and Technology: Advances in production technology can lower costs, but investments in new machinery and processes can temporarily increase prices.

Demand from End-Use Industries: The growing demand for lightweight, durable, and cost-effective materials in automotive, construction, and textiles fuels PPFY consumption, impacting prices.

Government Policies: Tariffs, trade regulations, and subsidies for petrochemical industries in major producing countries affect global PPFY pricing.

Environmental Concerns: Increasing pressure to reduce the environmental impact of synthetic fibers has led to investments in recycling and bio-based alternatives. While this can elevate costs in the short term, it may stabilize prices in the long run.

Forecast for PPFY Prices

In the short to medium term, PPFY prices are expected to remain volatile due to global economic uncertainties and fluctuating crude oil prices. However, the rising demand from emerging economies, especially in Asia, is likely to provide a cushion against sharp price declines.

The adoption of sustainable practices and innovations in production methods may also help stabilize prices. Furthermore, the growing interest in circular economy models could lead to an increased supply of recycled polypropylene, which might impact virgin PPFY prices.

Conclusion

The PPFY market is highly dynamic, with prices influenced by an intricate interplay of raw material costs, market demand, and macroeconomic factors. Stakeholders, including manufacturers, traders, and end-users, must stay vigilant and adopt flexible strategies to navigate price fluctuations effectively. Monitoring global trends and investing in sustainable practices could provide a competitive edge in this evolving market.

By understanding these dynamics, businesses can make informed decisions and capitalize on opportunities in the PPFY sector. 

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Carboxylic Acids Market

Carboxylic Acids Market Size, Share, Trends: BASF SE Leads

Rising Demand: Bio-Based and Pharmaceutical Applications Drive Growth

Market Overview:

The global Carboxylic Acids market is projected to grow at a CAGR of XX% from 2024 to 2031. Asia-Pacific currently dominates the market, accounting for the largest share of global revenue. Key metrics include the growing demand from end-use industries such as food & beverages, pharmaceuticals, and personal care, increasing applications in industrial processes, and rising investments in bio-based carboxylic acids.

The market is steadily expanding due to rising population and urbanisation, increasing demand for processed foods and drinks, growing awareness of personal hygiene and cosmetics, and the expanding pharmaceutical industry. The market is also benefiting from the shift to sustainable and bio-based chemicals in various industrial applications.

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Market Trends:

The trend towards bio-based and sustainable chemicals is having a significant impact on the carboxylic acid market. Bio-based carboxylic acids, derived from renewable resources such as corn, sugarcane, and other biomass, are gaining popularity due to their minimal environmental impact and reduced reliance on petrochemical feedstock. Major chemical corporations like BASF and Cargill have made significant investments in bio-based carboxylic acid production plants. The market for bio-based carboxylic acids is predicted to grow at a 7.2% CAGR between 2024 and 2031, outpacing the growth of traditional petrochemical-based acids.

Market Segmentation:

The Acetic Acid segment dominates the Carboxylic Acids market, driven by its versatile applications across multiple industries. This sector has emerged as the leading force in the Carboxylic Acids industry, with the highest market share due to acetic acid's wide range of applications in chemicals, food and beverages, and pharmaceuticals.

According to our analysis, the global acetic acid market reached $YY billion in 2023 and is expected to rise at a CAGR of 4.7% between 2024 and 2031. This expansion is driven by rising demand for vinyl acetate monomer (VAM), an important acetic acid derivative used in adhesives, paints, and coatings. The food and beverage industry has also been a major driver of acetic acid usage, with its use as a food preservative, flavouring ingredient, and acid. Acetic acid's versatility in chemical synthesis has further contributed to its market dominance.

Market Key Players:

BASF SE

Eastman Chemical Company

Perstorp Group

Celanese Corporation

Dow Chemical Company

Alfa Aesar (Thermo Fisher Scientific)

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3D Printing Plastics Market Size, Share, Trends, Industry Analysis, Report 2024-2032

The global 3D printing plastics market size was valued at USD 1.26 billion in 2022. The market is projected to grow from USD 1.55 billion in 2023 to USD 7.46 billion by 2030, exhibiting a CAGR of 25.1% during the forecast period.

3D printing technology is used to build three-dimensional objects by layering material in a digital design or model. The 3D printing plastics model is digitally divided into horizontal layers by using specialized software, creating sets of instructions for the 3D printer. The versatility of 3D printing plastics increases their use in various applications such as automotive, consumer products, and healthcare, driving the growth.

Fortune Business Insights™ mentioned this in a report titled, “3D Printing Plastics Market, 2024-2032.”

Competitive Landscape

Strong Regional Presence of Key Players to Propel Market Growth

The leading market players’ strong geographical presence, product offerings, and distribution channels boosts the market growth. The engagement of the key market players in research and development to provide enhanced features and produce superior quality to drive market expansion.

Key Industry Development

October 2023 – Evonik launched a new grade of 12 Polyamide powders to unbound 3D printing on the bio circular raw materials. The launch is the first Polyamide power material produced for industrial uses that replaces 100 percent of fossil feedstock with bio-circular material.

List of Key Players Present in the Report:

HP Development Company, L.P (U.S.)

Evonik Industries AG. (Germany)

Stratasys (U.S.)

3D Systems, Inc. (U.S.)

Arkema S.A. (France)

Henkel Corporation (Germany)

EOS GmbH Electro Optical Systems (Germany)

Solvay S.A.(Belgium)

Huntsman Corporation (U.S.)

SABIC (Saudi Arabia)

Segments

Polylactic Acid Segment to Lead Owing to its Unique Qualities

By type, the market is divided into Polylactic Acid, ABS, Polyamide, Polycarbonate, and others. The Polylactic Acid segment held the largest 3D printing plastics market share in 2022 and is also the fastest-growing segment in the market. The growth is attributed to the use of Polylactic Acid in different applications owing to its unique properties.

Growing Adoption and Utilization of 3D Printing Technologies to Aid Aerospace & Defense Segment Growth

Based on end-use industry, the market is segmented into automotive, aerospace & defense, healthcare, electronics & electrical, consumer goods, and others. The aerospace & defense segment held the largest market share. The growth is attributed to the growing adoption and utilization of 3D printing technologies, especially with different plastic types, owing to customization, precision, and weight-saving capabilities.

Report Coverage

The report offers:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.

Comprehensive insights into regional developments.

List of major industry players.

Key strategies adopted by the market players.

The latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints

Rising Technological Innovations in 3D Printing to Boost Market Growth

The increasing technological innovations in 3D printing, printer capabilities, and materials boost the 3D printing plastics market growth. The advancements in multi-material capabilities, speed, and precision are expanding the 3D printing applications with plastics.

However, meeting the safety and quality standards of the healthcare and aerospace industries and obtaining certifications for 3D-printed parts can be challenging and may impede market growth.

Source- https://www.fortunebusinessinsights.com/3d-printing-plastics-market-108834 

Regional Insights

Rising Demand for Commercial Aerospace Products to Drive Market Growth in North America

North America held the largest 3D printing plastics market share and accounted for USD 0.51 billion in 2022. The growth was attributed to the demand for commercial aerospace products, including passenger aircraft, in the region.

Asia Pacific accounted for a significant market share. The growth is attributed to the fast-growing manufacturing industries, including automotive and consumer goods in the region.

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Thermosetting Plastics Market Size, Regional Revenue and Outlook 2025-2037

Research Nester assesses the growth and market size of the global thermosetting plastics market which is anticipated to be on account of the rising demand for bio dependent thermosetting plastic

Research Nester’s recent market research analysis on “Thermosetting Plastics Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global thermosetting plastics market in terms of market segmentation by type, molding process, end-user industry and by region.

Growing Demand for Bio-Based Thermosetting Plastics to Promote Global Market Share of Thermosetting Plastics Market

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The global thermosetting plastics market is estimated to grow majorly on account of the increased demand for polyurethane in the automotive industry. Some common uses of thermoset plastics across numerous industries and sectors include water & gas pipelines, medical equipment, storage boxes, and construction machinery parts. Since the thermosetting plastics are flexible and lightweight. Thermoset composites remain stable at all temperatures and in all ambiance. For instance, Bakelite is the most common thermoset plastic that is widely used in kitchenware, jewelry, children's toys, and pipe stems. Bakelite is also used in making switches because of its poor conductivity to electricity and heat. Other than this, epoxy resin is also applied to floors and various other surfaces to add tough coating. The global epoxy resin production stood at almost 3600 thousand tonnes in the year 2022. On the back of the rising utilization of thermoset plastics on various devices, the global thermosetting plastics market is anticipated to grow during the forecasted period. Other than this, the rising growth in the construction industry and rising demand for polyurethane in the automotive industry. Also, the advent of bio-based plastics is likely to showcase growth opportunities for the global thermosetting plastics market during the forecasted period. The properties such as chemical resistance, heat resistance, and structural integrity of the thermoset plastics are also going to augment the growth of the global thermosetting plastics market during the forecasted period.

Some of the major growth factors and challenges that are associated with the growth of the global thermosetting plastics market are:

Growth Drivers:

Rising Demand for Bio-depended Thermosetting Plastics

Surging Utilization of Thermosetting Plastics Making Kitchen Utensils 

Challenges:

The rising feedstock crunch and exorbitant cost of thermosetting plastics, stringent government policies, and problems related to manufacturing techniques are some of the major factors anticipated to hamper the global market size of the global thermosetting plastics market.

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By type, the global thermosetting plastics market is segmented into unsaturated polyesters, polyurethanes, phenolic, epoxy, amino, alkyd, vinyl, and ester. Out of these, the unsaturated polyesters segment is expected to grow the most during the forecasted period. The growth can be attributed to the outstanding thermal opposition and high creep power of the materials.

By region, the Europe thermosetting plastics market is to generate the highest revenue by the end of 2036. The rising demand for thermosetting plastics can be attributed to the increasing utilization of epoxy for making various appliances.

This report also provides the existing competitive scenario of some of the key players of the global thermosetting plastics market which includes company profiling of Alchemie Ltd., Celanese Corporation, LANXESS, DAICEL CORPORATION, INEOS, BASF SE, Covestro A.G., BUFA GmbH & Co. KG, Daicel Corporation, Eastman Chemical Company, Asahi Kasei Corporation, Mitsui Chemicals, Inc., NIPPON STEEL Chemical & Material Co., Ltd., INOAC Corporation and others.     

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Biofuel Testing Services Market: Technological Innovations Leading to Enhanced Efficiency and Accuracy in Testing Solutions

The biofuel testing services market has become an essential component of the renewable energy sector, driven by the increasing global demand for cleaner, greener alternatives to fossil fuels. As governments and businesses across the world continue to focus on reducing greenhouse gas emissions, biofuels, derived from organic materials like plants, algae, and waste, are becoming a more prominent solution. Biofuel testing services play a crucial role in ensuring the quality, performance, and compliance of these fuels. As the biofuel industry evolves, several key trends are shaping the future of biofuel testing services.

1. Rising Demand for Sustainable Biofuels

With the world focusing on reducing carbon emissions and transitioning to renewable energy sources, the demand for biofuels is growing rapidly. Biofuels, such as ethanol, biodiesel, and biogas, are seen as viable substitutes for traditional fossil fuels. This surge in biofuel production has led to an increased need for comprehensive testing services that ensure the quality and safety of biofuels before they reach the market.

2. Technological Advancements in Testing Methods

As biofuel production becomes more sophisticated, so does the technology behind its testing. The future of biofuel testing services will likely see a rise in the adoption of advanced testing technologies like spectroscopy, chromatography, and sensor-based methods. These technologies enable more accurate, efficient, and rapid analysis of biofuel properties such as composition, purity, and energy content, ultimately supporting the commercialization of next-generation biofuels.

3. Increased Focus on Regulatory Compliance

Governments and regulatory bodies are introducing stringent standards for biofuels to ensure they meet safety, environmental, and performance requirements. The future of biofuel testing services will be influenced by the need to keep up with evolving regulations. Testing services will have to be in alignment with these standards to ensure that biofuels are compliant and suitable for use in various sectors, including transportation, power generation, and industry.

4. Growth in the Biofuel Market

The global biofuel market is expected to continue its upward trajectory as nations strive to meet renewable energy targets and reduce their reliance on imported oil. This market growth will, in turn, drive demand for biofuel testing services. The expansion of biofuel production across various sectors, such as aviation biofuels, industrial applications, and bio-based chemicals, will necessitate testing services to guarantee the fuel’s quality and sustainability.

5. Focus on Waste-to-Energy Solutions

An emerging trend in the biofuel industry is the growing focus on waste-to-energy solutions. Testing services will increasingly need to assess biofuels derived from waste materials such as agricultural residues, food waste, and municipal solid waste. This trend will lead to new biofuel testing methodologies to evaluate the performance and sustainability of waste-derived biofuels, which could play a crucial role in circular economy models.

6. Customizable Testing Services for Various Biofuels

As biofuels are derived from a wide range of feedstocks, testing services will need to evolve to accommodate the diverse chemical compositions and properties of these fuels. Testing protocols will become more customizable, focusing on specific biofuel types, such as bioethanol, biodiesel, or biojet fuel. Tailored testing solutions will help optimize production processes and improve fuel efficiency for each application.

7. Increase in Strategic Partnerships

Biofuel testing service providers are likely to engage in strategic partnerships with biofuel producers, research institutions, and government agencies to enhance their capabilities and provide more specialized testing services. These collaborations will foster innovation in biofuel testing techniques, contributing to the development of new, more efficient biofuels while ensuring they meet all regulatory and environmental standards.

8. Digitalization and Data-Driven Insights

The rise of digital technologies, such as artificial intelligence, machine learning, and data analytics, will significantly impact the biofuel testing services market. Through the integration of these technologies, biofuel testing services will become more efficient, allowing for the real-time collection and analysis of data. This will not only improve the accuracy of test results but also provide deeper insights into biofuel production processes, enabling better decision-making and optimization.

9. Sustainability in Testing Practices

Sustainability will be at the forefront of the biofuel testing services market, as the industry looks to reduce its environmental footprint. Testing services will adopt more eco-friendly practices, such as reducing waste generated during testing processes and using sustainable materials. Additionally, testing providers will focus on assessing the sustainability of biofuels in terms of their lifecycle emissions and overall environmental impact.

10. Regional Market Growth and Expansion

While biofuel testing services are currently more prominent in regions with a developed biofuel industry, such as North America and Europe, there is a growing trend of expansion in emerging markets. As countries in Asia, Africa, and Latin America increase their biofuel production, the demand for biofuel testing services will grow. These regions will likely witness the establishment of testing facilities, increasing the global footprint of biofuel testing services.

Conclusion

The biofuel testing services market is poised for significant growth, driven by the need for high-quality, sustainable, and regulatory-compliant biofuels. Technological advancements, increased market demand, and a focus on sustainability are expected to shape the future of biofuel testing. As the biofuel industry continues to evolve, the need for reliable testing services will become more crucial than ever.

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Ethylene Market In-depth Analysis and Comprehensive Assessment Report 2024 to 2033

The ethylene market is a major segment of the petrochemical industry and plays a critical role in global manufacturing. Ethylene is one of the most widely used chemical compounds, serving as a primary building block for various essential materials, including polyethylene, ethylene oxide, and ethylene dichloride. These derivatives are extensively used in producing plastics, textiles, automotive components, packaging, construction materials, and pharmaceuticals. With demand spread across a diverse range of sectors, the ethylene market is a key player in global industrial development.

Market Overview and Size

The Global Ethylene Market is projected to reach approximately USD 304.6 Billion by 2033, increasing from USD 177.7 Billion in 2023, with a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2033.  Growth in this market is primarily driven by the expanding consumer base for products made from ethylene derivatives and the growing demand for plastic and synthetic materials across multiple industries. The market is also heavily influenced by the price of crude oil and natural gas, as these are primary feedstocks for ethylene production.

Get Information About This Report: https://infinitymarketresearch.com/ethylene-market/1060 

Key Drivers of the Ethylene Market

Growth in the Plastic and Packaging Industries A significant portion of ethylene is used to produce polyethylene, one of the most widely used plastics. Polyethylene is essential in manufacturing plastic bags, containers, and packaging materials, which are in constant demand due to the booming e-commerce and retail sectors. The growth in packaging requirements—driven by increased online shopping and a shift toward lightweight packaging in industries like food, beverages, and consumer goods—continues to be a major growth driver for the ethylene market.

Demand from Automotive and Construction Sectors Ethylene-derived materials like polypropylene, styrene, and polyvinyl chloride (PVC) are crucial in automotive and construction applications. In the automotive industry, lightweight materials are increasingly used to enhance fuel efficiency. In the construction industry, PVC pipes, fittings, and insulation materials are essential for both residential and commercial structures. With expanding infrastructure development in emerging markets, the demand from these industries is expected to fuel ethylene consumption in the coming years.

Advancements in Production Technologies Technological advancements in ethylene production have significantly improved production efficiency and reduced costs. Modern methods, such as cracking technology and catalytic processes, allow companies to convert naphtha and ethane into ethylene with greater energy efficiency and lower environmental impact. In addition, companies are investing in sustainable production technologies, such as bio-based ethylene, to reduce the industry’s carbon footprint and comply with increasing environmental regulations.

Regional Insights

Asia-Pacific The Asia-Pacific region dominates the ethylene market, with China, India, and Japan as major consumers. This region’s growth is driven by rapid industrialization, urbanization, and increasing consumer spending on goods made from ethylene derivatives. China, in particular, has seen a tremendous rise in demand due to its robust manufacturing sector, which includes automotive, electronics, and consumer goods industries. Additionally, Asia-Pacific is investing heavily in new ethylene production facilities to reduce reliance on imports and support local demand.

North America North America is a significant player in the ethylene market, largely due to the abundance of shale gas reserves in the United States. The shale gas boom has provided a low-cost feedstock (ethane) for ethylene production, allowing the U.S. to emerge as a global ethylene exporter. With the presence of advanced production technologies and investments in petrochemical infrastructure, North America is expected to maintain its influence in the global ethylene market.

Europe Europe’s ethylene market is more moderate in growth due to stringent environmental regulations and a high degree of market maturity. However, demand from the automotive and construction industries continues to drive moderate growth in ethylene consumption. Additionally, Europe is actively working on producing bio-based ethylene and recycling initiatives to address environmental concerns and reduce dependence on fossil fuels.

Challenges in the Ethylene Market

Environmental Concerns and Regulatory Challenges The ethylene industry faces increasing scrutiny over its environmental impact, as ethylene production is energy-intensive and generates considerable carbon emissions. Regulatory pressure is mounting on the industry to adopt cleaner, more sustainable production methods. As a result, companies are investing in carbon capture and storage (CCS) technologies and renewable feedstocks to minimize their environmental footprint.

Volatility in Raw Material Prices Ethylene production relies heavily on crude oil and natural gas as raw materials, making the market sensitive to fluctuations in their prices. Price volatility due to geopolitical tensions, trade policies, and supply-demand imbalances can impact production costs and profitability. To counter this, companies are diversifying feedstock sources and adopting flexible production technologies that can switch between different raw materials depending on cost and availability.

Competition from Alternative Materials The push for environmentally sustainable alternatives is driving research into bio-based and recycled plastics, which could potentially substitute petrochemical-based ethylene products. These alternative materials have gained popularity in industries seeking eco-friendly solutions, posing a potential challenge to the ethylene market’s growth.

Key Players: 

o   Chevron Phillips Chemical Company LLC

o   China Petroleum & Chemical Corporation (Sinopec)

o   Mitsui Chemicals Inc.

o   LyondellBasell Industries N.V.

o   Exxon Mobil Corporation

o   Saudi Basic Industries Corporation

o   Ineos Group Ltd

o   The Dow Chemical Company

o   Royal Dutch Shell plc

o   LG Chem Ltd.

o   Mitsui Chemicals Inc.

o   Other Key Players

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Future Outlook and Opportunities

The ethylene market is expected to continue its growth trajectory, driven by demand from emerging markets and ongoing industrial applications. Companies are actively pursuing strategies to make the ethylene industry more sustainable, including investment in bio-based ethylene, recycling technologies, and energy-efficient production methods. Additionally, with growing global attention on sustainability, bio-based ethylene and renewable energy sources will likely play a larger role in the industry’s future.

Investments in research and development are expected to foster innovations that lower production costs, reduce environmental impact, and enhance the performance of ethylene derivatives. The expansion of industries such as packaging, automotive, and construction in emerging economies is also anticipated to provide long-term opportunities in the ethylene market.

Related Reports:

Glyceryl Triacetate Market Trends and Growth | Report 2033 : https://infinitymarketresearch.com/glyceryl-triacetate-market/1223

Diisopropyl Ether (DIPE) Market Trends, Growth | Report 2033: https://infinitymarketresearch.com/diisopropyl-ether-(dipe)-market/1243

Atomized Metal Powder Market Size, Growth, Trends, Report 2033: https://infinitymarketresearch.com/atomized-metal-powder-market/1250

Fire Resistant Tapes Market Size, Growth, Trends, Report 2033: https://infinitymarketresearch.com/fire-resistant-tapes-market/1281

Ceramic Additive Manufacturing Market Size, Growth, Report 2033: https://infinitymarketresearch.com/ceramic-additive-manufacturing-market/1280 

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Adipic Acid Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

The adipic acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Adipic Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -

The adipic acid market size has grown strongly in recent years. It will grow from $6.73 billion in 2023 to $7.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to demand for nylon, the synthetic fiber boom, world wars and synthetic materials, globalization and trade, and electronics and consumer goods.

The adipic acid market size is expected to see strong growth in the next few years. It will grow to $9.0 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to textile industry growth, consumer behavior and preferences, infrastructure development, automotive fuel efficiency standards and climate change mitigation efforts. Major trends in the forecast period include biotechnological production, sustainable feedstocks, integration with carbon capture, decarbonization and renewable energy integration, and advanced analytical and monitoring tools.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -

The increasing automobile industry is expected to propel the growth of the adipic acid market going forward. The automobile industry refers to the collection of companies and activities involved in designing, developing, manufacturing, marketing, and selling motor vehicles. The automobile industry is increasing due to demand for personal mobility, economic growth, and urbanization. Adipic acid plays a significant role in enhancing the performance, durability, and aesthetics of automotive components and materials by contributing to the efficiency and safety of automobiles. For instance, in April 2024, according to the Society of Motor Manufacturers and Traders, a UK-based influential trade association, the number of vehicles on UK roads reached 41.4 million in 2023, with car ownership increasing by 1.6% to 35.7 million. Therefore, the increasing automobile industry is driving the growth of the adipic acid market.

Market Trends -

Major companies operating in the adipic acid market are focusing on developing innovative products, such as Eco-Friendly Nylon 66, to gain a competitive edge in the market. Eco-friendly Nylon 66 refers to a type of nylon material produced using environmentally sustainable methods and incorporating recycled or bio-based components. For instance, in August 2022, Toray Industries Inc., a Japan-based textile industry company, launched 100% Bio-Based Adipic Acid, a raw material for nylon 66 (polyamide 66), from sugars derived from inedible biomass. This innovative solution, 100% bio-based adipic acid, offers significant potential for reducing carbon emissions and environmental impact while maintaining the performance and quality standards required by industries, driving sustainable development, and meeting the increasing demand for eco-friendly products.

The adipic acid market covered in this report is segmented –

1) By Raw Material: Cyclohexanol, Cyclohexanone

2) By Sales Channel: Direct Sale, Indirect Sale

3) By Application: Nylon 6, 6 Fiber, Nylon 6, 6 Resin, Polyurethanes, Adipate Esters

4) By End Use Industry: Automotive, Electrical And Electronics, Packaging And Consumer Products, Building And Construction, Textile, Other End-Use Industries

Get an inside scoop of the adipic acid market, Request now for Sample Report @

Regional Insights -

Asia-Pacific was the largest region in the adipic acid market in 2023. The regions covered in the adipic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -

Major companies operating in the adipic acid market are <b>PetroChina Company Limited, Invista, BASF SE, Sumitomo Chemical Company Limited, Asahi Kasei Corporation, Evonik Industries Aktiengesellschaft, Du Pont de Nemours Inc., LANXESS Aktiengesellschaft, Huntsman Corporation, Solvay Société Anonyme, UBE Corporation, Ascend Performance Materials Operations LLC, Shenan Shenma Nylon Chemical Co. Ltd., Radici Partecipazioni SpA, Fibrant BV, DOMO Chemicals GmbH, Finoric LLC, Alfa Chemical Co. Ltd., Wego Chemical Group Inc., Graham Chemical Corporation, KeenBolden LLC, Otto Chemie Pvt. Ltd., Tangshan Zhonghao Chemical Co. Ltd., BioAmber Inc.</b>

Table of Contents

1. Executive Summary

2. Adipic Acid Market Report Structure

3. Adipic Acid Market Trends And Strategies

4. Adipic Acid Market – Macro Economic Scenario

5. Adipic Acid Market Size And Growth

…..

27. Adipic Acid Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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[chemanalystdata]

Iso Butyric Acid Prices Trend | Pricing | News | Database | Chart

��Iso Butyric Acid, a key raw material in various industries such as chemicals, pharmaceuticals, and flavors, has experienced fluctuating price trends in recent years. The price dynamics of Iso Butyric Acid are influenced by a combination of supply-side factors, demand fluctuations, and macroeconomic variables, making it an intriguing subject for market analysis. This organic compound, characterized by its pungent odor and versatile applications, is often closely monitored by stakeholders to ensure cost efficiency and optimal utilization in production processes.

The pricing of Iso Butyric Acid is heavily impacted by the cost of its precursors and the availability of feedstocks. As a derivative of butyric acid, the production process is sensitive to changes in the cost of raw materials, particularly petrochemical derivatives. Fluctuations in crude oil prices directly influence the production cost, leading to ripple effects across the value chain.

Get Real Time Prices for Iso Butyric Acid: https://www.chemanalyst.com/Pricing-data/iso-butyric-acid-1408

On the demand side, Iso Butyric Acid's diverse applications play a significant role in shaping its market value. The compound is widely used in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). As the global demand for medicines continues to rise, particularly for chronic and lifestyle-related conditions, the pharmaceutical sector has driven a consistent need for Iso Butyric Acid. Additionally, the flavor and fragrance industry heavily relies on this compound to produce esters that impart fruity and creamy notes, further bolstering its demand. Seasonal variations and consumer preferences in the food and beverage industry also contribute to fluctuations in demand, influencing pricing trends.

Environmental regulations and sustainability concerns have added another layer of complexity to Iso Butyric Acid pricing. Manufacturers are increasingly pressured to adopt greener production methods and reduce carbon footprints, which can lead to higher production costs. Compliance with stringent environmental norms often necessitates investments in advanced technologies and sustainable feedstocks, potentially raising the cost of Iso Butyric Acid. However, the shift toward bio-based production methods is gradually gaining traction, offering a sustainable alternative that could stabilize prices in the long term.

Geographically, the pricing trends of Iso Butyric Acid exhibit regional variations due to differences in production capacities, consumption patterns, and import-export dynamics. Asia-Pacific, a significant player in the chemical and pharmaceutical industries, has emerged as a major consumer and producer of Iso Butyric Acid. The region's robust industrial base, coupled with rapid urbanization and population growth, has fueled demand, creating opportunities for both domestic production and imports. However, the region is also subject to price volatility due to its dependence on raw material imports and exposure to geopolitical tensions.

In North America and Europe, Iso Butyric Acid pricing is influenced by advanced technological capabilities and stringent environmental regulations. These regions often lead in adopting sustainable practices, driving innovation in production methods. While this focus on sustainability can lead to higher production costs, it also positions these regions as pioneers in offering high-quality, eco-friendly Iso Butyric Acid to global markets. Conversely, emerging markets in Latin America and Africa, with their growing industrial sectors, are witnessing a gradual increase in demand, which could impact global pricing dynamics in the coming years.

Market speculation and trading activities also contribute to price fluctuations in the Iso Butyric Acid market. Futures contracts and speculative trading can amplify price movements, especially in a volatile global economic environment. Stakeholders, including manufacturers, distributors, and end-users, must remain vigilant to navigate these fluctuations effectively. Establishing long-term contracts and diversifying supply sources are some strategies employed to mitigate the risks associated with price volatility.

Technological advancements in production processes hold the potential to reshape the Iso Butyric Acid market. Innovations aimed at improving efficiency, reducing waste, and lowering production costs could lead to more competitive pricing. Research and development efforts are also focusing on exploring alternative feedstocks and bio-based production pathways, which align with the industry's sustainability goals. As these technologies mature, they may contribute to a more stable and predictable pricing environment.

The future outlook for Iso Butyric Acid prices depends on several interconnected factors. The pace of economic recovery post-pandemic, ongoing geopolitical developments, and the global commitment to sustainability will play crucial roles in shaping market trends. Additionally, the continued growth of end-use industries, such as pharmaceuticals, food and beverages, and chemicals, is expected to sustain demand, potentially exerting upward pressure on prices. However, increased investments in production capacities and technological innovation could balance these forces, ensuring a stable supply-demand equilibrium.

In conclusion, the pricing trends of Iso Butyric Acid are a reflection of its complex market dynamics. From supply chain challenges and raw material costs to environmental considerations and regional market variations, a multitude of factors interplay to determine its market value. Stakeholders must adopt a proactive approach, leveraging market insights and technological advancements to navigate this evolving landscape effectively. With its critical role in multiple industries and a growing emphasis on sustainable practices, Iso Butyric Acid remains a vital component of the global chemical market, with its price trends serving as a key indicator of broader industrial and economic health.

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[rakshasns]

Rendered Products Market Size to Reach USD 28.4 Billion By 2032 Increased Demand for Sustainable and Circular Economy Solutions

The Rendered Products Market size was valued at USD 22.4 Billion in 2023 and is expected to reach USD 28.4 Billion by 2032 and grow at a CAGR of 2.7% over the forecast period of 2024-2032.

Rising Demand for Animal By-products Fuels Market Growth

The global rendered products market is expanding on the back of increasing usage of animal by-products in diverse sectors. When non-edible wastes are made available for recovery and processing, these rendered products (tallow, bone meal, meat meal) can be used in place of conventional raw materials to produce animal feed, bio diesel or other industrial uses as a strong sustainable value chain alternative. The increase in global demand for meat with the Food and Agriculture Organization projecting 14% growth by 2030 creates the increased supply of animal by-products available for rendering. Moreover, the increasing biofuel sector is creating great opportunities for expansion of rendered products market, as one of the important feedstocks used in biodiesel production are rendered fats & oils thus opening doors for their increased usage.

Rendered products are highly nutritious, which makes them much-in-demand in the animal feed sector and an effective and sustainable way to meet the ongoing demand for livestock feed. Rendered products for use in animal feed formulations are predicted by the U.S. Department of Agriculture (USDA) to increase 10% from fiscal year 2020 to fiscal year 2023 according to a new report, indicating that their utility continues to grow in the segment.

Technological Advancements and Sustainability Drive Market Expansion

This rendering process makes a substantial contribution to the rise of the rendered product marketplace due to technological developments that allow improved use and sustainability relevant to the wildlife. These innovations include more efficient rendering equipment, advanced separation technologies, and the implementation of renewable energy sources in rendering plants helping to increase yield and lower the environmental footprint. The National Renderers Association estimates that, over the same period, closing loops in rendering plants has decreased greenhouse gas emissions by 30 per cent and energy intensity by 20 per cent. Furthermore, it aligns with the global trend towards sustainable practices within industrial activities.

The need for rendered fats and oils as feed stock grew in the area of biofuel production, specifically in regards to the usage of these components withing biofuels, the International Energy Agency (IEA) registers a 15% uptick in employment of this kind or derived materials, i.e., from rendering plants that are fed to bio refinery operations, notably in the U.S. and Europe since 2021. With more government intervention in the immediate future to curb carbon emissions and provide incentives for renewables, this trend is expected to be sustained.

Recent Developments

In September 2024, Darling Ingredients Inc. has announced that, the company acquired a family-owned leading European-based rendering business and expects to transfer its existing production into statutory British manufacturing corporation. With this acquisition, Darling anticipates to increase its supply of rendered fats and proteins for use by the feed and biofuel industries.

In July 2024, Sanimax unveiled a new state-of-the-art rendering facility in Canada, aimed at improving the efficiency of its operations and reducing the environmental impact of its production processes. The facility incorporates cutting-edge technology to enhance product quality and optimize energy usage.

Segment Analysis

By Product Type

Tallow: Tallow held the largest market share, approximately 40.5% in 2023. It is widely used in animal feed and biofuel applications due to its high energy content and versatility. The demand for tallow is expected to grow significantly, driven by its increasing use in biodiesel production.

Meat and Bone Meal: This segment is projected to witness substantial growth over the forecast period due to its high protein content and widespread application in animal nutrition. Meat and bone meal accounted for around 35% of the market share in 2023 and is primarily used in poultry and swine feed.

Regional Insights

In 2023, North America held the largest market share of around 48%. Thecompetitive edge of the region is on account of the large meat processing industry and expanding requirement for biodiesels, which chiefly uses rendered fats as well as oils. America represents the largest regional market as prominent manufacturers like Darling Ingredients Inc and Tyson Foods are promoting growth in their rendering operations.

The second biggest market is Europe with a solid part of it driven by the drive for sustainability and circular economy. Furthermore, strict waste management and biofuel production regulations of the European Union have fuelled rendered products usage across myriad sectors in Europe. Europe had a market share of 30% in the world in 2023.

The market is expected to grow at the fastest rate during the forecast period in Asia-Pacific, as China and India produce more livestock and biofuel. A significant rise in population and the burgeoning demand for meat in the region are fueling a demand for rendered products to be used across animal feed and industrial applications.

Key Takeaways

Technological advancements and sustainability are key drivers of the rendered products market.

Major players such as Darling Ingredients Inc. and Sanimax are expanding their operations to meet the growing demand for rendered fats and proteins.

North America leads the market, while the Asia-Pacific region is expected to experience the fastest growth due to expanding livestock and biofuel industries.

[industrynewsupdates]

Unveiling the World of Glycerin Procurement Intelligence, 2030

The Glycerin category is anticipated to grow at a CAGR of 7.92% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 2.62 billion. The widespread use in industries like cosmetics, pharmaceuticals, food, and chemicals due to its moisturizing properties and versatility contribute to the growing demand for the category. The demand for it in the industries is fueled by its use in the production of biofuels and as a component in some medical products. The rising awareness of sustainable and bio-based products has also driven the demand for the category, as it can be derived from renewable sources like vegetable oils. Ongoing research and innovation have uncovered new applications, further expanding its potential uses across industries. Worldwide there are more than 1,500 known applications for glycerin.

High-purity glycerin is one of the most important industrial feedstocks. Crude glycerin, a byproduct of biodiesel production, can be used as a sustainable feedstock for biofuel production. It is a cost-effective and environmentally friendly alternative to traditional feedstocks, such as corn or soybeans. Another development among consumers who prioritize healthier food options is the low-sugar trend. Manufacturers looking for sustainable and renewable components are considering vegetable glycerin. It is environmentally beneficial and biodegradable. Made from plant oils and with a low glycemic index, it is a great sugar substitute while keeping the same flavor and quality. It is an ideal choice for creating low-sugar substitutes in a variety of product categories due to its adaptability and capacity to retain moisture. Manufacturers can appeal to health-conscious consumers without sacrificing flavor or sensory experience by using vegetable glycerin. It is about 60 to 75% as sweet as traditional sugar.

The category is highly fragmented due to the presence of various large numbers of players which forms a competitive environment. Vendors are using organic and inorganic growth strategies to compete in the market. Major players are competing on price, quality, and innovation. Sustainable manufacturing methods provide significant financial, environmental, and product quality advantages to a vast and escalating number of industries. As part of the organization's strategic goals to boost the downstream footprint of the glycerin refining plant, a leading merchant and processor of agricultural goods, Louis Dreyfus stated in July 2023 that it would be expanding its refining complex in Lampung, Indonesia.

Order your copy of the Glycerin Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The cost component of the category includes raw material sourcing, processing, utility requirements, infrastructure requirements, and purification. Some of the category fixed costs include machinery and technology requirements, manpower requirements, transportation, packaging, storage, and distribution. Prices of both crude and refined glycerin globally continue to fluctuate driven by multiple factors, such as elevated feedstock costs, uncertain biodiesel production, and logistics challenges. In Asia, the category experienced a tendency of price reductions in the second half of 2022. The primary cause of declining pricing trends was the ongoing depreciation in end-user demands. Raw material prices such as fats and oils also decreased as supply chains were streamlined and Chinese exports gained access to international markets. For instance, crude oil prices fell gradually, with an average benchmark price of USD1,000/MT in 2022 to USD700/MT in 2023. Similarly, in H2 2022, prices in Malaysia and Indonesia were settled at around USD 1050/MT and USD 920/MT, respectively, with average declines of 14.95% and 15.92% from H1 2022. However, prices in the American market continued to range the same in contrast to the Asian market. Price trends for glycerin in North America tended to be on the upper side for H2 2022. The high prices were influenced by increased energy and production expenses as well as high feedstock prices. With an average inclination of 0.35% from H1 2022 in the region, the value accessed for H2 2022, was USD 3080/MT.

Sourcing of the category may vary based on factors such as sustainability, purity, requirements, and cost consideration. Industries need to ensure they align with the intended use and ethical considerations of the product. When purchasing organic glycerin, it's essential to search for goods that have received organic certification from an authoritative body, such as the USDA National Organic Programme (NOP) in the United States. Indonesia is the major producer of the category. In 2022, the top 3 countries of glycerin export were Indonesia (33,474 shipments), India (27,023) and Malaysia (17,015 shipments). 

Glycerin Procurement Intelligence Report Scope 

• Glycerin Category Growth Rate: CAGR 7.92% from 2023 to 2030

• Pricing growth Outlook: 2% - 3% (annual)

• Pricing Models: Spot pricing, Production and processing pricing, Contract Pricing, Quality standards pricing, Competition based pricing

• Supplier Selection Scope: Cost and pricing, Past engagements, Production capacity, Supply chain and Logistics

• Supplier selection criteria: Quality standards, production capacity, pricing, supply chain transparency, transportation and handling, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Glycol Ethers Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Lime Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key companies profiled

• Wilmar International

• Kao Corporation

• Cargill incorporated

• Proctor & Gamble Chemicals

• Kuala Lumpur Kepong Berhad

• IOI Corporation Berhad

• Emery Oleochemicals

• Godrej Industries

• Sakamoto Yakuhin Kogyo

• IFFCO (Malaysia) Sdn. Bhd

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[market-insider]

1,3 Propanediol Market Trends and Analysis: Comprehensive Overview of Market Size, Share, and Growth

The global 1,3 propanediol market size is anticipated to reach USD 799.7 million by 2030, growing at a CAGR of 9.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for the product can be attributed to the rising demand for polytrimethylene terephthalate from various end-use industries, such as personal care, cosmetics, and cleaning products.

1,3 Propanediol Market Report Highlights

The bio-based segment is expected to have the largest revenue share of 55.9% in 2023. The increasing demand for eco-friendly, sustainable, and biodegradable products is a major driver. As industries and consumers become more environmentally conscious, there's a shift towards using bio-based chemicals, and 1,3-propanediol, derived from renewable resources, fits this bill perfectly.

The polytrimethylene terephthalate (PTT) segment dominated the global market in 2023 and accounted for a revenue share of 74.4% in 2023. PTT's applications in the textile and carpet industry, where it's valued for its excellent fiber-forming capabilities, resilience, and stain resistance, massively drive its demand. 1,3-Propanediol acts as a crucial monomer in the production of PTT, contributing to its elasticity, strength, and comfort properties in textiles.

Asia Pacific accounted for a significant revenue share of 57% in 2023. The demand for bioplastics is evident in every major region, especially in the Asia Pacific owing to favorable government policies and regulations aimed at encouraging the use of bio-based products.

Key industry participants include DuPont; Metabolic Biopolymer; Zhangijagang Glory Biomaterial Co., Ltd.; Zouping Mingxing Chemicals Co., Ltd; Shell Chemicals LP; Tokyo Chemicals Industry Co., Ltd; Shenghong Group Holdings; Primient; and Haihang Industry., among others.

In July 2023, Primient CovationBio PDO announced its expansion of the Beauty and Personal Care distribution territory of Essential Ingredients for Zemea propanediol to include the western U.S.

For More Details or Sample Copy please visit link @: 1,3 Propanediol Market Report

Changing customer preferences toward bio-based products are expected to drive the global market. The growing acceptance of bio-based products across diverse end-use industries is presumed to complement the market growth further. Companies are focusing on increasing the renewable content in their products for various reasons. The need to reduce carbon emissions and create more sustainable products has increased the demand for bio-based products.

The bio-based segment dominated the global market in 2023 and accounted for a revenue share of 55.9% of the overall market. The production from biomass imparts distinct characteristics, making it an attractive option for eco-conscious industries. It reduces reliance on finite fossil resources and mitigates environmental impact by lowering greenhouse gas emissions and reducing dependency on petrochemical feedstocks.

The polytrimethylene terephthalate (PTT) segment dominated the global market in 2023 and accounted for a revenue share of 67.5% of the overall market. This is attributable to the product’s exceptional characteristics, such as resilience, stain resistance, and environmental sustainability. PTT is used as a crucial polymer in the formulation of various composites, adhesives, laminates, and moldings.

List of Major Companies in the 1,3 Propanediol Market

DuPont

Metabolic Biopolymer

Zhangjiagang Glory Biomaterial Co., Ltd.

Zouping Mingxing Chemical Co., Ltd.

Shell Chemicals LP

Tokyo Chemical Industry Co., Ltd.

Shenghong Group Holdings

Primient

Haihang Industry