Glycerin Market Is Likely To Project A Growth Cagr During The Forecast Period 2019–2027
Due to the combination of physical and chemical properties, glycerin, also known as glycerol, is a technically versatile chemical. Furthermore, superior chemical compatibility and ease of handling are important in many industrial applications. As a result, demand for refined glycerine is growing in food production, chemical manufacture, medicines, personal and home care, and other specialist uses with other oleochemicals such fatty alcohols, fatty acids, and esters. Key competitors in the area industry are investing in new facilities and boosting output to capitalise on such potential prospects. For example, in August 2020, Bojagro SA, a subsidiary of the Bahia Energia Group, opened a production plant in Ramallo, Argentina, with a US$ 15 million investment. The technical and USP grades of glycerol will be produced at the new factory. COVID-19 IMPACT The demand for an effective hand sanitizer has surged since the COVID-19 epidemic. Sanitizers have been recommended as an effective tool f...