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Solketal Market Trends

Report ID: GMI11075
Published Date: Aug 2024
Report Format: PDF

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Solketal Market Trends

The market is evolving due to technological advancements and changing industry demands. A key trend is the focus on sustainability and eco-friendly products across various sectors. Solketal, a bio-based compound from glycerol, fits well with this green shift, especially in the chemical and fuel industries. Companies are using solketal as an additive in biodiesel to improve fuel performance and reduce emissions. Its unique properties also make it valuable in creating high-performance polymers and specialty chemicals, driving innovations in material science. The cosmetics industry is increasing its use of solketal to enhance product texture and performance, reflecting the growing consumer preference for natural and sustainable ingredients. Ongoing research and development are discovering new applications for solketal, expanding its use across different industries. As the focus on sustainability and performance grows, solketal is set to become a versatile and eco-friendly chemical solution.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Market size for solketal was USD 83.4 billion in 2023 and is expected to register over 3.5% CAGR from 2024-2032 owing to rising sustainability efforts, innovation, and changing consumer preferences worldwide.

Solketal industry from the 98% purity segment is expected to register 3.1% CAGR from 2024-2032 due to its high quality and performance.

North America industry is expected to register a commendable CAGR from 2024-2032 due to established chemical and pharmaceutical sectors, both of which are major solketal consumers in the region.

abcr GmbH, AK Scientific, Inc., Alfa Aesar, Avantor Inc., CM Fine Chemical, Dayang Chem (Hangzhou) Co.,Ltd, Merck KGaA, TCI America, Thermo Fisher Scientific Inc, and Tokyo Chemical Industry Co., Ltd., are some of the major solketal companies worldwide.