Market Outlook
Petrochemical-derived products, such as glycol, have been
around for a long time. Glycol has significantly high commercial value as it is
used to make antifreeze formulations and polymers. However, due to issues, such
as global warming, climate change and ozone depletion, many companies have
begun to look closely into the potential for a greener alternative and green
glycol has provided them with a solution. Green glycol is a cost-effective
biomass-derived chemical which works same as conventional glycols. Green
glycols are now being prepared on a large commercial scale by several companies
to cater to the increasing demand for natural products. The efficient and
economical advantages of green glycols have made a significant impact on the
business of bio-based green glycols. Bigger companies, such as Archer Daniels
Midland, have now begun to look beyond the processing of green glycols, they
have started looking for downstream value options that derivatives might offer.
All these reasons combined are anticipated to boost the growth of green glycols
over the forecast period.
Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=54492
Reasons for Covering this Title
For the past few centuries, glycol manufacturing and
supply has been influenced by natural gas and petroleum oil. However, the
demand for cost-effective and fossil-free green glycols has increased over the
years owing to the rising cost of conventional glycol, environment degradation
and the need for better-performing glycols. Green glycols offer identical or
better performance than petroleum-based materials. They also emit far fewer
greenhouse gases and thus, are helping the industry successfully address
emission concerns. This is a key factor boosting the demand for green glycols
across industries.
In the year 2007, Archer Daniels Midland began to
investigate a bio-derivative -- "green" glycol -- produced using
biodiesel's co-product glycerine as a feedstock and today the company is
producing 100,000 tons of these glycols in its manufacturing plant situated at
Decatur, Illinois
In 2016, S2G Biochemicals Inc. started large-scale
production of bio green glycols to replace chemicals used in PET/PEF
containers, resins and cosmetics, among others
Global Green Glycol Market: Key Players
Some of the key players operating in this market are E.
I. du Pont de Nemours and Company, BP p.l.c., S2G BioChemicals Inc., Archer
Daniels Midland, Global Bio-chem, Ashland, BASF SE, Cargill Inc., Diester
Industrie S.A.S., Air Liquide S.A., Orison Marketing, Hawkins Inc. and India
Glycols Limited, among others.
Opportunities for Market Participants
Consumers’ inclining interest towards green construction
is one of the latest trends expected to give a push to the green
glycol market over the forecast period. Green glycols are used for the
production of paints, pipes, electrical components and wall coatings, which are
widely used in the construction industry. Companies entering in this market
must focus on the rising demand from end use industries. As the construction
business is booming, companies operating in the green glycol market must focus
on accomplishing mergers with major construction appliance companies enhance
their sales. The growth of end-user industries, such as transportation, marine
and construction, will create excellent opportunities for the participants
operating in the global market.
No comments:
Post a Comment