Los Angeles, January 23, 2020 -QY Research has announced the release of a new report on the global glycerol monooleate market titled, “Global (United States, European Union and China) Glycerol Monooleate Market Research Report 2019-2025.” As per the report, the global glycerol monooleate market is expected to reach a value of more than US$100 Mn by the end of 2025 while registering a moderate CAGR of 4.4% between 2019 and 2025. In 2018, the global market value touched above US$80 Mn.
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The global demand for glycerol monooleate is anticipated to increase due to the high use of the monoglyceride in hair care and cosmetic products, as a food additive and flavoring ingredient, and in rust-preventive oils and base paints. Glycerol monooleate is also used as a surface active agent, lubricant additive, coating additive, and fuel additive. Its use in common consumer products such as personal care, garden care, food packaging, furnishing care, and cleaning is expected to further add to the demand for glycerol monooleate.
What are the Leading Market Drivers?
● Use of glycerol monooleate as a lipophilic emulsifier in water-in-oil applications
● Application of glycerol monooleate as a bioadhesive and biosealant
● Adoption of glycerol monooleate as an excipient for antibiotics
● Use of glycerol monooleate in encapsulators and drug delivery systems
● Need for emulsifiers for solvents, waxes, and oils
High Use of Glycerol Monooleate in Baking Preparations: The report offers deep insights into the market growth of food grade, industrial grade, and other type segments of the global glycerol monooleate market. It also throws light on application segments of the global glycerol monooleate market, viz. food industry, plastic industry, textile industry, cosmetic and personal care industry, and others. The food industry is expected to create decent demand for glycerol monooleate because of the high use of the monoglyceride as a thickening and an emulsifying agent in food applications. Glycerol monooleate could be used as an antistaling agent in breads and to give a smooth texture to whipped creams and ice creams.
Why is Asia Pacific Expected to Improve Growth?
● High apparel sales and important use of glycerol monooleate in textile finishing
● Increase in demand for lubricants and greases with rising automobile production
● High plastic use in electrical and electronics, automotive, and construction applications
● Growing craze of fashionable cosmetics and strong demand for personal care products
● Increasing demand for surfactants with the rise of the soap and detergent markets
Focusing on Research and Development and Building New Partnerships: Some of the leading glycerol monooleate manufacturers studied by the authors of the report are Nantong Hansheng Chemical, Venus Goa, Jiangsu Haian Petrochemical, Hangzhou Oleochemicals, Stepan, Oleon NV, BASF, Corbion, and Kao Chemicals. Players could focus on research and development and build strategic partnerships with other manufacturers or chemical companies to gain growth in the global glycerol monooleate market. They could also keep customers interested by introducing new and innovative products in the global glycerol monooleate market.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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