Mexico Glycerine Market Report 2022-30 : Size, Share, Trends and Growth, Analysis And Forecast
Mexico Glycerine Market -Overview
The use of glycerine has increased considerably, especially in
cosmetic products, are estimated to promote the market's growth. Reports
created by MRFR detail the developments in the industry that can be expected in
the market through the forecast period. The Mexico glycerine market is
anticipated to reach USD 106.4 USD million with a 5.1% CAGR by 2023.
The increase in production capacities is estimated to enhance the market
players' opportunities in the forecast period. The development of the logistics
systems is estimated to further enrich the market's development in the near
future.
Segmental Analysis
The segmental
investigation of the Mexico glycerine market is carried out on the basis of
source, grade, application and region. The source segment of the Mexico
glycerine market is segmented into synthetic and natural. The Mexico glycerine
market segment is segmented into South Mexico, North Mexico, East Mexico, and West
Mexico. The grade segment of the Mexico glycerine market is segmented into refined
and crude. The Mexico glycerine market's application segment is segmented into
food, tobacco, cosmetics and personal care, pharmaceutical, polyurethane, alkyd
resins, and others.
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Competitive
Analysis
The market is
estimated to move forward with caution due to the experiences gained during the
pandemic. The surge in innovation and resynchronization of the operation and
distribution cycle is estimated to create a constructive situation for the
overall market's future. The rise in acquisitions and mergers is estimated to
recreate an encouraging environment for the players, leading to several new
product offerings. The government support is estimated to have a positive scope
for the development in several key areas of the global market. The use of
online channels is estimated to gain more precedence as the market comes to
terms with the new business realities. The promotion of international trade is
predicted to create a promising overall effect on the market, with many
companies choosing this period to test new and untapped markets. The
advancement in the global distribution chains is estimated to further enrich
the market's progress in the coming period.
The key players in the
Mexico Glycerine market are Cargil Inc., Kao Chemicals, Quimic SA de CV,
Quimica Delta, Pemex, and Oxiteno Mexico SA de CV, to name a few.
Detailed Regional
Analysis
The Mexico glycerine market's regional assessment is segmented into South Mexico, North
Mexico, East Mexico, and West Mexico. The regional market in Mexico for glycerine
has been growing greatly, especially in East Mexico, due to increased residents
in this region, causing an increase in requirements from the cosmetics & personal
care industry. The area of West Mexico is the next major user of glycerine, particularly
in terms of food & beverages and cosmetic products. The manufacture of
glycerine in Mexico is very little, hence to fulfill the consumption demand,
Mexico imports glycerine in mass quantity. It has also been observed there is a
remarkable opportunity for new entrants or glycerine producers to cooperate and
increase the business to bridge the gap between supply and demand in this
sector.
Industry Updates:
Oct 2020 Shrieve Chemical
Company announced that it had purchased the styrene business unit and other properties
from CLP Chemicals ("CLP"), a leading industrial chemical
distributor. CLP concentrates on the delivery of styrene, acetic acid, acrylates,
glycerin and other special chemicals. CLP will maintain and carry on to operate
its glycerin business unit.
Aug 2020 Lubrizol
Advanced Materials has revealed freeze master antifreeze, a patent-pending
factory premixed mixture which persists in a protective liquid state to -12°F
(-24°C). It can be fitted per its inventorying and serviced in all novel and current
fire sprinkler systems for light hazard, residential, ordinary hazard and
storage applications, counting volumes up to 500 gallons for 13R Light Hazard
Attics and Unoccupied NFPA 13 versus listed alternatives restricted to 40
gallons. NFPA standards necessitate that glycerin and propylene glycol
antifreeze solutions consumed in prevailing wet sprinkler systems be substituted
with a listed antifreeze solution by September 30, 2022.
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