Global Polyglycerol Market is expected to grow over the next seven years on account of its rising demand in the manufacturing of surfactants, personal care products and polymer additives. The industry was estimated over USD 2,400.0 million in 2014 and is projected to grow at a CAGR of above 5.5% from 2015 to 2020. Increasing application scope of ecological additives, antifogging films and pigment dispersants is expected to have a positive impact on the industry over the next seven years.
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Polyglycerols are biodegradable esters that find application in agrochemical formulations as thickeners, solubilizers, and spreading agents. The personal care segment dominates the market on account of its use in the manufacturing of cosmetics. The U.S., Germany, Japan and Belgium have been the largest personal care markets over the past few years. This is expected to have a positive impact on the product market over the forecast period. The product complies with FDA regulations and their derivatives can be used in various products as regulated by the US Environmental Protection Agency (EPA).
In terms of polyglycerols, global market can be segmented into personal care, food & beverage packaging and pharmaceutical industry. Personal care is the largest segment due to growing consumer awareness regarding use of organic skin care, and hair care products. Growing product use in various applications such as packaging films, plasticizers, lubricants on account of the properties such as thickening, high water binding, dispersing, encapsulation and formulation stability is expected to have a positive impact on the industry over the forecast period.
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Formulators continue to develop technologies due to the innocuous nature of the product. In addition, regulatory pressure has increased with regard to ecotoxicity and biodegradability which is expected to increase product demand in cosmetic raw materials over the next seven years. R&D focus to introduce dendritic polyglycerols as they exhibit good chemical stability under biological conditions and are highly biocompatible with in nanomedicine applications such as drug formulations, gene delivery and dyes. Increasing product use in biomedical applications is expected o open new market avenues over the forecast period.
The product is primarily employed in ester production as the composition can be tailored by adjusting parameters such as degree of unsaturation, direct esterification, chain length and other which would have a positive impact on the industry over the next seven years. The derivatives of the product can be incorporated in polymers production. Growth in agricultural market is expected to product penetration over the forecast period.
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