#Bio Feedstocks Market Trend

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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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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.

Global Bio Feedstocks Market Research Report 2023

[chemanalystdata]

Urea Prices Trend | Pricing | News | Database | Chart

 Urea is a critical component in the global agricultural sector, primarily serving as one of the most widely used nitrogen fertilizers. The pricing of urea is influenced by a combination of global economic factors, production costs, and demand fluctuations, making it a dynamic market commodity. Historically, the prices of urea have seen cyclical trends, primarily due to their dependency on energy costs and global demand from agricultural and industrial applications. Natural gas is a key feedstock for urea production, meaning that fluctuations in gas prices have a direct and significant impact on urea pricing. When natural gas prices rise, urea production becomes more expensive, often pushing the fertilizer's market price higher. Conversely, lower natural gas prices can make urea production more cost-effective, exerting downward pressure on the market.

Global supply chains play a pivotal role in determining urea prices. Major producers, such as China, Russia, and India, contribute a significant share of the world’s urea supply. Any changes in their production levels, export policies, or domestic demand can ripple through the global market, leading to noticeable price shifts. For instance, export restrictions imposed by major producers can tighten supply, causing price spikes. Additionally, transportation and logistical challenges, such as shipping disruptions, port congestion, or geopolitical tensions, can add further volatility to the market. This complexity is exacerbated by regional demand variations, as agricultural cycles differ across continents and countries, influencing demand patterns.

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The demand for urea is largely driven by the agricultural sector, where it serves as a vital source of nitrogen for crop production. During planting and growth seasons, demand surges, often leading to a corresponding increase in prices. Conversely, off-seasons typically see a decline in demand, which can lead to price reductions. However, the level of demand is not solely driven by the agricultural calendar; economic conditions, such as changes in crop prices and government subsidies, also play a role. For example, when crop prices are high, farmers are likely to invest more in fertilizers like urea, boosting demand and prices. Conversely, economic downturns or weak crop prices may lead to reduced fertilizer use, putting downward pressure on prices.

The urea market has been subject to additional pressures due to global economic shifts, environmental regulations, and the emergence of alternative fertilizers. With growing emphasis on sustainability, some countries have introduced policies aimed at reducing nitrogen emissions, indirectly influencing urea demand and pricing. Innovations in agriculture, including the development of more efficient fertilizers and bio-based alternatives, could also shape the market's future. While these alternatives have yet to match urea's global prominence, any significant shift toward them could impact urea's price dynamics over the long term.

Currency exchange rates also play a crucial role in determining urea prices on the international market. Since urea is often traded globally, fluctuations in currency values can affect the affordability and competitiveness of exports. A weaker domestic currency can make a country's exports more competitive abroad, potentially increasing demand for urea and driving prices up. Conversely, a stronger domestic currency may lead to reduced demand for exports, putting downward pressure on prices. Therefore, exchange rate movements are a key consideration for both producers and consumers of urea.

Another important aspect influencing urea prices is the global economic climate. Economic recessions or periods of slow growth can lead to reduced investment in agriculture and infrastructure projects, resulting in lower demand for fertilizers like urea. Conversely, economic growth often boosts agricultural investment and infrastructure development, driving demand for urea upward. Geopolitical events, such as trade wars, sanctions, or regional conflicts, can add an additional layer of complexity by disrupting supply chains and altering trade patterns, which can have a significant impact on urea pricing.

Looking ahead, market analysts are closely watching for shifts in demand, technological advancements in fertilizer production, and the evolution of global trade policies. As sustainability becomes a more pressing issue, producers may face pressure to adopt cleaner production methods, potentially increasing costs and impacting prices. Furthermore, geopolitical events and climate change can have long-term effects on both the availability and cost of natural gas, creating potential ripple effects throughout the urea market. Navigating these challenges requires an understanding of both the macroeconomic and localized factors at play, as they collectively shape the trajectory of urea prices.

The complex nature of urea pricing underscores its importance within the agricultural value chain and broader economic context. As the market continues to evolve, stakeholders must adapt to shifting dynamics to ensure stability and growth. The interplay of supply, demand, energy prices, economic conditions, and environmental policies makes the urea market a compelling case study for commodity markets, illustrating how deeply interconnected the world's economies and industries truly are. Whether facing periods of growth or challenges, the urea market remains a critical component of global agricultural productivity, shaping food security and economic stability worldwide.

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[energyandpowertrends]

Bioenergy Market: Role in Achieving Global Decarbonization Targets

The Bioenergy Market size was valued at USD 124.32 billion in 2023 and is expected to grow to USD 228.41 billion by 2031 and grow at a CAGR of 7.9 % over the forecast period of 2024–2031.

The global bioenergy market is expected to experience significant growth from 2024 to 2031, fueled by the growing demand for renewable energy solutions, government policies promoting sustainability, and innovations in bioenergy technologies. Bioenergy, which includes solid biomass, liquid biofuels, biogas, and other bio-based energy sources, is emerging as a key component in the transition to cleaner and more sustainable energy systems. The market is experiencing growth across various applications, including power generation, heating, and transportation, driven by the need to reduce reliance on fossil fuels and lower greenhouse gas emissions.

Market Segmentation

By Product Type

Solid Biomass:

Solid biomass, derived from plant-based materials like wood chips, agricultural residues, and dedicated energy crops, is one of the most commonly used forms of bioenergy. It is primarily used in power generation and heating applications, replacing conventional fossil fuels in boilers, furnaces, and power plants.

Liquid Biofuel:

This category includes bioethanol, biodiesel, and advanced biofuels produced from feedstocks such as corn, sugarcane, and vegetable oils. Liquid biofuels are widely used in transportation as an alternative to gasoline and diesel, offering a cleaner energy source for vehicles.

Biogas:

Biogas is produced from the anaerobic digestion of organic materials such as agricultural waste, food waste, and sewage sludge. It is primarily used in power generation and heating applications and is gaining traction as a clean energy source for decentralized energy systems.

Others:

This segment includes emerging forms of bioenergy such as algae-based biofuels, which have a higher energy yield than traditional feedstocks, and other advanced bioenergy sources. These products are expected to gain importance in the coming years due to their potential to meet diverse energy needs.

By Feedstock

Agricultural Waste:

Agricultural residues like straw, rice husks, and corn stover are abundant feedstocks used for bioenergy production. These materials are often considered waste, but they are increasingly utilized to generate power, heat, and biofuels, offering both environmental and economic benefits.

Wood Waste:

Wood waste, including sawdust, wood chips, and bark, is one of the primary feedstocks for solid biomass production. It is widely used in both residential and industrial heating systems and power plants, especially in regions with abundant forestry resources.

Solid Waste:

Municipal solid waste, industrial waste, and food waste are gaining attention as feedstocks for biogas production. The conversion of waste to energy not only helps reduce landfill accumulation but also offers a sustainable solution for waste management.

Others:

Other feedstocks include algae, food scraps, and sewage sludge. These feedstocks are part of emerging trends in bioenergy, offering higher efficiency in energy production and lower carbon emissions.

By Application

Power Generation:

Bioenergy is increasingly used for renewable power generation, both on a small scale (e.g., biomass-fired power plants) and large scale (e.g., biogas-based electricity generation). Solid biomass and biogas are the primary sources for power generation, as they can provide continuous and reliable electricity with lower emissions compared to conventional fossil fuels.

Heat Generation:

Bioenergy is also widely used in heating applications for both residential and industrial purposes. Solid biomass, such as wood pellets and chips, is used in boilers and furnaces, while biogas is utilized in combined heat and power (CHP) systems.

Transportation:

Liquid biofuels, particularly bioethanol and biodiesel, are commonly used in the transportation sector as alternatives to conventional gasoline and diesel fuels. These biofuels help reduce carbon emissions and contribute to energy security by decreasing reliance on petroleum-based fuels.

Others:

Bioenergy also finds applications in various industries such as chemicals, food and beverage, and hydrogenation processes, where bio-based feedstocks are used to produce bio-based chemicals, fuels, and other products.

By Region

North America:

The United States and Canada are significant players in the global bioenergy market. North America has established biofuel industries, particularly in the U.S., where bioethanol production is a major contributor to the market. The region also benefits from a large agricultural base and advanced technologies for bioenergy production.

Europe:

Europe remains one of the largest markets for bioenergy, driven by the European Union’s ambitious renewable energy goals and policy support. Countries like Germany, Sweden, and the UK are at the forefront of bioenergy adoption, particularly in biogas, biofuels, and biomass power generation.

Asia Pacific:

The Asia Pacific region is expected to experience the fastest growth in the bioenergy market, particularly in countries like China, India, and Japan. These countries have vast agricultural resources and are increasingly focusing on renewable energy projects to address rising energy demand and environmental concerns.

Latin America:

Latin America, with countries like Brazil and Argentina, has significant bioenergy potential. Brazil is a global leader in bioethanol production, especially from sugarcane, and other Latin American countries are expanding their bioenergy capabilities in power generation and biofuel production.

Middle East & Africa (MEA):

The MEA region is gradually adopting bioenergy, particularly in areas like waste-to-energy projects and biofuels. Countries in the region are focusing on diversifying their energy mix and investing in renewable energy solutions, including bioenergy.

Key Drivers of Market Growth

Government Support and Regulations: Policies promoting renewable energy adoption, including subsidies for biofuels, tax incentives for bioenergy projects, and stricter emissions regulations, are driving the growth of the bioenergy market.

Technological Advancements: Continuous innovations in bioenergy technologies are improving the efficiency and scalability of bioenergy systems. The development of advanced biofuels and biogas upgrading technologies is enabling the industry to meet growing energy demands.

Sustainability and Carbon Reduction Goals: The increasing global focus on sustainability and reducing greenhouse gas emissions is accelerating the transition to bioenergy, which is considered a cleaner and more sustainable energy source compared to fossil fuels.

Energy Security and Independence: As countries seek to reduce their reliance on imported fossil fuels, bioenergy offers a reliable and indigenous energy source that can contribute to national energy security.

Market Outlook and Forecast

The global bioenergy market is expected to grow significantly over the forecast period (2024–2031). The market is anticipated to benefit from technological advancements, regulatory support, and increasing demand for clean and sustainable energy solutions. By product type, solid biomass and liquid biofuels are expected to continue dominating the market, while biogas production and advanced biofuels are projected to gain share in the coming years.

Read Complete Report Details of Bioenergy Market 2024–2031@ https://www.snsinsider.com/reports/bioenergy-market-3330

Conclusion

Bioenergy is a key component of the global energy transition, offering sustainable solutions for power generation, heat production, and transportation. The market’s expansion will be driven by innovations in technology, increasing government support, and the global push towards reducing carbon emissions. As bioenergy becomes a more significant part of the renewable energy mix, it is poised to play a crucial role in shaping the future of global energy systems.

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[kleenlube]

The Future of Base Oil Manufacturing in Dubai

Dubai has established itself as a pivotal hub for base oil manufacturing in the Middle East, driven by its strategic location, advanced infrastructure, and a growing demand for high-quality lubricants. As industries evolve and environmental considerations take center stage, the future of base oil manufacturing in Dubai is poised for transformation. This blog explores key trends, challenges, and opportunities that will shape this industry in the coming years.

Trends Shaping the Future of Base Oil Manufacturing

1. Sustainability and Eco-Friendly Products

The global shift towards sustainability is influencing the base oil sector significantly. Manufacturers in Dubai are increasingly focusing on producing bio-based and recycled base oils. These eco-friendly alternatives not only reduce environmental impact but also meet the rising consumer demand for sustainable products. Companies are investing in research and development to create formulations that align with environmental regulations and sustainability goals.

2. Technological Advancements

Advancements in refining technologies and production processes are set to enhance the efficiency and quality of base oils. Innovations such as hydrotreating, hydrocracking, and the use of synthetic base oils will enable manufacturers to produce higher-quality products that offer better performance in various applications. Automation and digitalization in manufacturing processes will also lead to increased efficiency and reduced operational costs.

3. Market Expansion and Diversification

Dubai’s strategic location as a trade hub provides manufacturers with access to emerging markets in Asia and Africa. As these regions experience industrial growth, the demand for high-quality lubricants is expected to surge. Dubai-based companies can capitalize on this opportunity by expanding their product lines and exploring new markets.

4. Regulatory Compliance and Environmental Standards

As environmental regulations become stricter globally, base oil manufacturers in Dubai will need to adapt to comply with new standards. This may involve upgrading facilities, improving waste management practices, and investing in cleaner production methods. Staying ahead of regulatory changes will be crucial for maintaining competitiveness and ensuring market access.

Challenges Facing the Industry

While the future looks promising, the base oil manufacturing industry in Dubai faces several challenges:

Raw Material Price Volatility: Fluctuations in crude oil prices can significantly impact production costs. Manufacturers must develop strategies to mitigate these risks, such as diversifying supply sources or investing in alternative feedstocks.

Intense Competition: As more players enter the market, competition for market share will increase. Companies will need to focus on innovation, quality, and customer service to differentiate themselves.

Supply Chain Disruptions: Global events, such as pandemics or geopolitical tensions, can disrupt supply chains. Manufacturers must build resilience by diversifying suppliers and investing in local sourcing.

The Path Forward

To thrive in the evolving landscape, base oil manufacturers in Dubai should consider the following strategies:

Invest in Research and Development: Fostering innovation through R&D will enable companies to create advanced products that meet changing market demands.

Enhance Sustainability Practices: Implementing sustainable practices in production and logistics will not only meet regulatory requirements but also appeal to environmentally conscious consumers.

Focus on Talent Development: As technology plays a more significant role, investing in workforce training and development will be essential to ensure employees are equipped with the necessary skills.

Understanding Base Oil Quality Standards in Dubai

In the heart of the Middle East, Dubai has become a significant hub for oil production and distribution. With its strategic location and robust infrastructure, the city is not only a center for crude oil but also for refined products, particularly base oils. Base oils are the fundamental ingredients in lubricants, and understanding their quality standards is crucial for businesses and consumers alike.

What Are Base Oils?

Base oils are derived from refining crude oil and can be classified into different categories based on their properties and production methods. The most common classifications include:

Group I: These are solvent-refined oils, characterized by a high level of aromatic content and lower viscosity index. While they are cost-effective, they are less commonly used due to their lower performance compared to other groups.

Group II: Produced through hydrocracking, these oils offer better stability and performance, with a higher viscosity index. They are increasingly popular in various applications.

Group III: Similar to Group II but with superior performance characteristics, Group III oils are fully synthetic and offer enhanced durability and efficiency.

Group IV: These are polyalphaolefins (PAOs), which are fully synthetic and exhibit excellent thermal stability and low-temperature fluidity.

Group V: This group includes all other base oils not classified in the previous groups, such as esters and other synthetic oils.

Quality Standards in Dubai

The quality of base oils is regulated by several standards to ensure consistency, safety, and performance. In Dubai, key standards include:

ASTM (American Society for Testing and Materials): Provides testing methods for evaluating the physical and chemical properties of base oils.

API (American Petroleum Institute): Establishes specifications for the performance of engine oils and the quality of base oils used in formulations.

ISO (International Organization for Standardization): Sets international standards for quality management and product specifications, which are applicable to base oils.

Importance of Quality Standards

Performance Assurance: High-quality base oils ensure optimal performance of lubricants, leading to better engine efficiency, reduced wear, and extended equipment life.

Regulatory Compliance: Adhering to established standards helps manufacturers comply with local and international regulations, minimizing legal risks.

Consumer Confidence: Quality standards enhance consumer trust in products, promoting brand loyalty and repeat business.

Environmental Responsibility: High-quality base oils are often formulated to reduce emissions and enhance fuel efficiency, contributing to environmental sustainability.

The Future of Base Oils in Dubai

As the demand for high-performance lubricants grows, so does the need for quality base oils. Dubai’s strategic initiatives toward sustainability and innovation in oil refining processes suggest a promising future for the base oil industry. The adoption of advanced technologies and stricter quality controls will further enhance the quality of base oils produced in the region.

The Role of Dubai in the Global Base Oil Market

Dubai has emerged as a pivotal player in the global base oil market, leveraging its strategic location, advanced infrastructure, and favorable business environment. As the demand for high-quality lubricants and industrial oils continues to rise, Dubai stands out as a key hub for production, trade, and distribution. Here’s an in-depth look at the factors contributing to Dubai's significance in this sector.

Strategic Location

Dubai's geographic positioning serves as a crucial link between major markets in Europe, Asia, and Africa. This advantageous location allows for efficient shipping routes and rapid access to diverse markets, making it an ideal base for companies looking to distribute base oils globally. The proximity to key shipping lanes enhances trade efficiency and reduces transportation costs.

Free Trade Zones

The establishment of free trade zones, such as the Jebel Ali Free Zone, has been instrumental in attracting international investments. These zones offer various incentives, including tax exemptions and simplified customs procedures, creating a business-friendly environment for companies in the base oil sector. As a result, many multinational corporations have established regional headquarters in Dubai, further solidifying its position as a trading hub.

Refinery Capacity

Dubai hosts several refineries capable of producing a wide range of high-quality base oils. These facilities not only cater to local demand but also serve as a significant source of supply for neighboring regions. The local production of base oils minimizes reliance on imports, ensuring a more stable supply chain and competitive pricing for consumers.

Market Access

With its diverse economy and robust industrial sector, Base Oil Manufacturer in Dubai provides access to a broad customer base that includes automotive, industrial, and marine applications. This diversity helps mitigate risks associated with market fluctuations and enhances the resilience of the base oil market in the region. Companies operating in Dubai can benefit from the city's vibrant business ecosystem and extensive networking opportunities.

Networking and Trade Events

Dubai is known for hosting a variety of industry conferences and trade exhibitions, such as the International Petroleum and Petrochemical Conference. These events attract industry leaders and decision-makers from around the world, fostering collaboration and innovation. By facilitating knowledge exchange and networking, Dubai helps drive advancements in base oil technologies and market practices.

Regulatory Framework

The UAE’s regulatory environment is designed to support international trade and investment. Transparent regulations and a stable legal framework provide businesses with the confidence to invest in the base oil sector. This stability is crucial for attracting long-term investments and fostering innovation in production processes.

Sustainability Initiatives

As global awareness of environmental issues grows, Dubai is increasingly focusing on sustainability within the base oil market. The emirate is promoting the use of recycled base oils and environmentally friendly production methods. These initiatives align with worldwide trends toward sustainable sourcing, enhancing Dubai's appeal as a progressive market leader.

[mordorintelligencemarketresearch]

Exploring the Growth of the Bio-based Polypropylene Market

The Bio-based Polypropylene (PP) industry is witnessing notable growth as industries shift toward sustainable and eco-friendly materials. Bio-based polypropylene, derived from renewable sources like corn and sugarcane, serves as a sustainable alternative to traditional polypropylene, reducing the dependence on fossil fuels and cutting down carbon emissions. This blog explores the current market dynamics, key growth drivers, challenges, and anticipated future trends in the bio-based polypropylene market, backed by market research insights.

Rising Demand for Sustainable Alternatives: With increasing awareness of environmental sustainability, industries like automotive, packaging, and textiles are exploring bio-based polypropylene to meet consumer demand for eco-friendly products. The shift is particularly strong in Europe and North America, where regulatory bodies and environmental initiatives emphasize low-carbon, renewable solutions.

Advancements in Bio-based Production Technologies: Technology is playing a crucial role in improving the efficiency and cost-effectiveness of bio-based polypropylene production. Enhanced methods for extracting bio-based feedstocks and innovations in polymer synthesis are making bio-based PP a more competitive choice against conventional plastics.

Supportive Policies and Incentives: Governments and environmental agencies worldwide are promoting bio-based alternatives through incentives and regulations. Policies supporting low-emission materials and renewable sources contribute significantly to the adoption of bio-based polypropylene, especially in sectors with stringent environmental regulations, like automotive and packaging.

Challenges and Market Constraints: While the potential of bio-based polypropylene is vast, the industry faces challenges. High production costs, limited availability of raw materials, and competition with other bio-based plastics can impact market growth. Scaling up production to meet rising demand while keeping costs competitive remains a hurdle for manufacturers.

Future Outlook and Opportunities: The bio-based polypropylene market is projected to grow as research advances and production costs decrease. Industry players are likely to focus on strategic partnerships, R&D, and investment in production capacity to capture a share of the burgeoning market. Additionally, as the global focus on sustainability intensifies, bio-based PP is poised to become an integral part of green manufacturing strategies.

In conclusion, the bio-based polypropylene market is emerging as a promising solution for industries striving to reduce environmental impact. Supported by growing consumer demand, regulatory backing, and technological progress, this market represents a crucial step toward a sustainable, low-carbon future.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence.

[amrutatbrc1]

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

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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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[raghavpolymers49]

PVC Resin Manufacturers and Distributors

Polyvinyl chloride (PVC) resin is one of the most widely used synthetic polymers globally, renowned for its versatility, durability, and cost-effectiveness. Its applications range from construction materials and automotive components to medical devices and consumer goods. As industries continue to demand high-quality PVC for diverse applications, understanding the landscape of PVC resin manufacturers and distributors is crucial. This article delves into the key players in the PVC resin market, their production capabilities, distribution networks, and future trends.

Understanding PVC Resin

PVC resin is a thermoplastic material that can be processed into various forms, including rigid and flexible versions. Its inherent properties, such as chemical resistance, thermal stability, and electrical insulation, make it suitable for a wide array of applications. The manufacturing process involves polymerizing vinyl chloride monomer (VCM) using various methods, including suspension, emulsion, and bulk polymerization.

Distribution Networks in the PVC Resin Market

The effectiveness of PVC resin distribution is crucial for ensuring that manufacturers can meet market demands efficiently. Distributors play a vital role in bridging the gap between producers and end-users, providing essential services such as:

Inventory Management: Distributors maintain stock levels to ensure timely delivery and reduce lead times for manufacturers and end-users.

Technical Support: Many distributors offer technical expertise and support to help customers select the right PVC resin for their specific applications.

Logistics and Transportation: A robust distribution network ensures that PVC resins are transported efficiently, minimizing costs and delivery times.

Market Intelligence: Distributors often provide valuable insights into market trends, helping manufacturers adapt their strategies to meet changing demands.

Challenges in the PVC Resin Industry

Despite its robust growth, the PVC resin market faces several challenges:

Environmental Concerns: The production and disposal of PVC raise environmental issues, prompting manufacturers to invest in sustainable practices and explore alternatives.

Regulatory Compliance: Stringent regulations regarding chemical safety and environmental protection require manufacturers and distributors to stay updated on compliance measures.

Market Competition: The PVC resin market is highly competitive, with numerous players vying for market share. Continuous innovation and differentiation are essential for manufacturers to maintain their position.

Future Trends

The future of the PVC resin industry looks promising, driven by several trends:

Sustainability Initiatives: Increasing consumer awareness regarding environmental impact is pushing manufacturers to adopt eco-friendly production processes and develop sustainable PVC products.

Technological Advancements: Innovations in manufacturing technologies, such as the use of bio-based feedstocks and advanced recycling methods, are likely to shape the future of PVC resin production.

Growing Demand in Emerging Markets: Rapid urbanization and industrialization in developing countries are driving the demand for PVC in construction and infrastructure projects, presenting significant opportunities for manufacturers and distributors.

Conclusion

The PVC resin market is characterized by a dynamic landscape of manufacturers and distributors, each playing a crucial role in delivering high-quality products to diverse industries. As the demand for PVC continues to grow, driven by innovation and sustainability, stakeholders in the industry must adapt to emerging challenges and opportunities. By fostering collaboration between manufacturers and distributors, the PVC resin market can continue to thrive, meeting the evolving needs of its customers while contributing to a more sustainable future.

[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.

[chemanalystdata]

Acrylonitrile Butadiene Styrene (ABS) Prices | Pricing | News | Database | Chart

Acrylonitrile Butadiene Styrene (ABS) is a thermoplastic polymer that holds significant value across a wide range of industries due to its versatile properties, including toughness, impact resistance, and ease of processing. ABS prices have witnessed notable fluctuations over the years, influenced by a variety of factors tied to supply-demand dynamics, raw material costs, and global market trends. Monitoring the price of ABS is essential for manufacturers, suppliers, and end-users who depend on this resin for applications in automotive parts, electronics, construction, consumer goods, and more.

One of the primary drivers behind ABS price changes is the cost of its feedstock components—acrylonitrile, butadiene, and styrene. Each of these raw materials has its own market dynamics, shaped by global crude oil prices, geopolitical tensions, supply chain disruptions, and production capacities. Crude oil, being a major factor influencing petrochemical derivatives, often affects the cost of styrene. For example, a surge in oil prices typically leads to higher styrene costs, subsequently pushing up ABS prices. Similarly, fluctuations in the prices of acrylonitrile and butadiene, often influenced by regional production and demand factors, further impact ABS pricing.

Get Real Time Prices for Acrylonitrile Butadiene Styrene (ABS): https://www.chemanalyst.com/Pricing-data/acrylonitrile-butadiene-styrene-19

The automotive industry's demand for ABS is a major factor in determining market trends. As one of the largest consumers of ABS for components such as dashboards, trims, and structural parts, automotive production cycles significantly influence demand. During periods of robust automotive production, demand for ABS typically surges, which can lead to price increases. Conversely, downturns in the automotive sector, such as those caused by economic recessions or shifts in consumer spending, tend to dampen demand and pressure prices downward. Additionally, innovations in electric vehicles (EVs) and lightweight components have further spurred demand for ABS in recent years, given its desirable strength-to-weight ratio.

Another critical aspect of ABS pricing is regional differences in supply and demand. Asia-Pacific, being the largest producer and consumer of ABS, plays a pivotal role in shaping global prices. The region's dominant position, led by China, is attributed to its expansive manufacturing sector and high demand for consumer goods and electronics. As a result, any changes in China's economic policies, production output, or trade tariffs can have a ripple effect on global ABS prices. For instance, if Chinese ABS exports face restrictions or increased tariffs, it could lead to supply shortages in international markets and cause prices to surge. On the other hand, any slowdown in China's industrial activities tends to ease global supply pressures and lower prices.

Environmental regulations and sustainability initiatives are also impacting the ABS market. Many countries are adopting stricter regulations to limit plastic waste and promote recycling. While ABS is a durable and reusable polymer, it is less commonly recycled than other thermoplastics. However, growing environmental awareness has prompted manufacturers to explore more sustainable production methods, which may include using recycled ABS or developing bio-based alternatives. These trends can influence the cost structure of ABS, with sustainable variants often commanding a premium price due to higher production costs and limited availability. As sustainability gains prominence, shifts in production practices are expected to add complexity to pricing trends in the ABS market.

Geopolitical factors, including trade tensions, tariffs, and regional conflicts, can further complicate ABS pricing. Trade disputes between major economies, such as the United States and China, have previously led to tariff impositions that increased the cost of imported ABS products. These developments create uncertainty in the market, leading buyers and suppliers to seek alternative sources or adjust inventories to mitigate cost pressures. Additionally, unexpected disruptions in global shipping and logistics, such as port congestion or freight rate hikes, can lead to delays and increased costs, affecting the overall market sentiment and pricing.

Technological advancements in ABS production also have implications for market pricing. Innovations that improve production efficiency, reduce energy consumption, or enhance material properties can lead to cost savings and more competitive pricing. For example, advancements in compounding technologies or the use of additives to enhance specific properties can make ABS more appealing to different applications. These developments contribute to an increasingly dynamic market, where price shifts can occur based on the introduction of new grades or modifications that meet evolving industry standards and consumer preferences.

The cyclical nature of the plastics and resin industry means that ABS prices are subject to periodic booms and busts. During peak demand periods, prices often escalate due to supply shortages and strong buyer interest. Conversely, during periods of economic slowdown or low demand, excess supply can push prices downward. Inventory levels, production capacity expansions or shutdowns, and shifts in consumer preferences are all factors that contribute to the cyclical movements in ABS pricing. Understanding these complex interdependencies is crucial for stakeholders who must navigate the uncertainties of this critical market.

In conclusion, ABS prices are influenced by a multifaceted array of factors ranging from raw material costs and industrial demand to geopolitical considerations and environmental regulations. As the global market continues to evolve, businesses must stay informed about these dynamics to make strategic decisions regarding procurement, production, and pricing.

Our Related News for Acrylonitrile Butadiene Styrene (ABS): https://www.chemanalyst.com/NewsAndDeals/NewsDetails/asian-abs-market-struggles-amid-imbalance-demand-supply-in-late-september-30530

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Hydrocarbon Resin Market Insights: Applications, Challenges, and Future Growth

Hydrocarbon resins are synthetic polymers derived from petrochemical feedstocks, typically used as tackifiers in adhesives, coatings, inks, rubber, and other applications. These resins are known for their unique properties like enhanced adhesion, chemical resistance, and gloss. The global hydrocarbon resin market has seen significant growth due to its wide applications across various industries, including automotive, packaging, construction, and paints & coatings. The increasing demand for adhesives and sealants, especially in packaging and automotive industries, continues to propel market expansion.

The global hydrocarbon resin industry, valued at US$ 2.6 billion in 2022, is projected to grow at a CAGR of 6.8% from 2023 to 2031, reaching US$ 4.7 billion by the end of 2031.

This growth is driven by increased industrial activities in emerging economies, rising demand in the automotive sector for adhesives, and the growing construction industry. As industries adopt environmentally friendly practices, there is a rising preference for hydrocarbon resins due to their compatibility with various eco-friendly adhesive formulations.

For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/hydrocarbon-resins-market.html

Market Segmentation

The hydrocarbon resin market can be segmented by service type, sourcing type, application, industry vertical, and region:

By Service Type:

C5 Resins

C9 Resins

C5/C9 Resins

DCPD (Dicyclopentadiene) Resins

By Sourcing Type:

Crude Oil

Natural Gas

By Application:

Adhesives & Sealants

Printing Inks

Paints & Coatings

Rubber Compounding

Tapes & Labels

By Industry Vertical:

Packaging

Automotive

Construction

Consumer Goods

Electronics

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Regional Analysis

North America: The region holds a substantial share in the global hydrocarbon resin market due to the established automotive and packaging sectors. The U.S. dominates this region due to its technological advancements and increased spending on adhesives.

Europe: The region is witnessing a moderate growth rate driven by environmental regulations and the growing demand for green and sustainable packaging solutions.

Asia Pacific: Asia Pacific leads the global market, primarily driven by China, Japan, and India. Rapid industrialization, increased construction activities, and growth in the automotive sector fuel the demand for hydrocarbon resins in this region.

Latin America and Middle East & Africa: These regions are expected to see steady growth owing to emerging industries and increasing urbanization.

Market Drivers and Challenges

Market Drivers:

Increased Demand in Adhesives and Sealants: The growing automotive and packaging industries drive the demand for hydrocarbon resins in adhesive and sealant applications.

Growth of the Construction Sector: Expansion of infrastructure projects worldwide, particularly in developing economies, increases the demand for paints, coatings, and adhesives where hydrocarbon resins play a crucial role.

Eco-friendly Alternatives: Hydrocarbon resins are increasingly being used as alternatives to harmful chemicals in various industrial applications due to their environmental compatibility.

Market Challenges:

Fluctuations in Raw Material Prices: The price volatility of crude oil and natural gas, which are major feedstocks for hydrocarbon resins, presents a challenge to market stability.

Stringent Environmental Regulations: In some regions, strict regulations regarding volatile organic compounds (VOC) emissions and the use of petrochemical-based products could limit market growth.

Market Trends

Sustainability Focus: There is a growing trend towards the development of bio-based hydrocarbon resins as the industry moves towards more sustainable and environmentally friendly solutions.

Increased R&D Investment: Companies are investing in R&D to develop advanced resin technologies, focusing on improving resin performance and expanding their applications across different industries.

Automotive Industry Growth: As electric vehicles (EVs) gain traction globally, the automotive industry is increasingly relying on advanced adhesives and coatings, providing a boost to the hydrocarbon resin market.

Future Outlook

The hydrocarbon resin market is poised for continuous growth from 2023 to 2031, driven by technological advancements and increasing demand across key sectors like automotive, construction, and packaging. The market is expected to witness innovations, particularly in the area of bio-based resins, as sustainability becomes a critical factor. Emerging markets in Asia Pacific and Latin America will likely present significant opportunities for growth.

Key Market Study Points

The global hydrocarbon resin market is set to reach approximately USD 5.6 billion by 2031.

Asia Pacific remains the dominant region due to robust industrial growth and infrastructure development.

Increasing R&D for bio-based resins and expanding applications in automotive, construction, and consumer goods sectors are key growth drivers.

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Competitive Landscape

Key players in the hydrocarbon resin market include:

Eastman Chemical Company

ExxonMobil Corporation

Kolon Industries

Arakawa Chemical Industries

Cray Valley

These companies are focusing on expanding their production capacities, enhancing product portfolios, and engaging in strategic collaborations to strengthen their market position. Innovation and sustainability remain key focal points in their growth strategies.

Recent Developments

ExxonMobil recently expanded its hydrocarbon resin production facility in Singapore to meet growing demand in Asia.

Kolon Industries launched an environmentally friendly hydrocarbon resin designed for adhesives in the packaging industry, focusing on reducing VOC emissions.

Eastman Chemical Company announced a significant investment in bio-based hydrocarbon resin technology, aligning with the global trend toward sustainable solutions.

About Transparency Market Research

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[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