GLYCEROL DIACETATE MARKET ANALYSIS
Market Outlook
North America is projected to exhibit significant growth in the global glycerol diacetate market over the forecast period. This is attributed to increasing end-use application of glycerol diacetate in paints and coatings. According to the Coherent Market Insights’ analysis, the global paints and coatings market was valued at US$ 137.25 billion in 2016 and is expected to reach US$ 235 billion by 2025.
Asia Pacific is the fastest growing region in the global glycerol diacetate market over the forecast period, owing to increasing use of plasticizers in production of Polyvinyl Chloride (PVC). According to Ministry of Economy, Trade and Industry (METI), a Ministry of the Government of Japan, PVC production in Asia Pacific (excluding Japan) was 53.5% in 2015, globally. Moreover, according to Federation of Indian Chambers of Commerce & Industry (FICCI), PVC demand has grown at 10% p.a. from 1.2 million tons per annum to 2.1 million tons per annum.
Market Trends
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