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Solketal Market

Market Insights on Solketal covering sales outlook, demand forecast & up-to-date key trends

Solketal Market by Purity, Application, End-use Industry & Region - Forecast 2022 - 2032

Global Solketal Market Outlook

The global solketal market is expected to record a CAGR of 3.50% during the forecast period 2022-2032,

Report Attributes

Details

CAGR

3.50%

Value (2022)

US$ 76.85 Billion

Value (2032)

US$ 108.4 Billion

up from US$ 76.85 Billion in the year 2022 to reach a valuation of US$ 108.4 Billion by 2032.

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What are the Key Drivers to the Global Solketal Market Share

In the near future, the increasing demand for biofuels and biodiesel is expected to create demand for solketal. Gasoline and gasoline containing ethanol as well as solketal were found to have soluble properties. The octane number of fuels can also be increased through solketal, which further creates opportunities for solketal market.

With the stringent regulations pertaining to the use of bio fuels and additives, there has been an expected rise in demand for solketal over the coming years.

The global solketal market has faced a number of challenges pertaining to the use of acetone in its synthesis. Though solketal is applied in a number of applications as biofuels, there are controversies surrounding its other constituent, acetone.

Glycerol is majorly derived from biological origin but the other feedstock, acetone, is being commercially obtained from the petrochemical processes. This may act as a key factor restraining solketal market growth.

Which Region holds the Highest Growth Potential in the Global Solketal Market

In terms of regional perspective, Europe and North America are anticipated to represent significant market share in the global solketal market. This is attributed to the increasing stringent regulations pertaining to the use of biofuels across a range of applications.

Asia Pacific is anticipated to register a steady rise in demand over the second half of the forecast period. China is anticipated to be a major consumer for solketal in the Asia Pacific regions. Other regions such as Latin America and the Middle East and Africa are anticipated to be regions with a low volume share but are projected to witness a robust rise in demand over the forecast period.

The ketalization of glycerol and acetone yields a cyclic ether known as Solketal. The global solketal market manufacturers are lining up and channelizing their efforts for the production of bio-based solketal to improve the efficiency and to meet the stringent regulations pertaining to the use of additives. Moreover, there has been an increase in production of high purity grade of solketal for its use in the pharmaceutical and food industry.

Nikhil Kaitwade
Principal Consultant
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How is the Competitive Landscape in the Global Solketal Market

Solketal is formed by reacting glycerol and acetone in the presence of an acid which results in the formation of a five membered ring called 1,3-dioxolane, which releases the water molecule to form solketal. Several new fuel additives have been developed since Solketal was first introduced, such as oxygenate fuel additives, to reduce particulate emissions and to improve the flow properties of transportation fuels.

Solketal has also shown noteworthy demand to improve the oxygen stability and increases the octane number of gasoline and has significantly reduced the gum formation along the vehicle fuel lining.

Some of the key players operating in the global cement packaging market are GLACONCHEMIE GmbH, Sigma Aldrich (Laboratory Grade), Fisher Scientific, Loba Feinchemie AG, TCI EUROPE N.V., Alfa Aesar, CM Fine Chemical, Abcr GmbH, Suzhou Jinghua Chemical Co., Ltd., and Yancheng Jinghua Chemical Co., Ltd.

Report Scope

Report Attribute

Details

Growth rate

CAGR of 3.50% from 2022 to 2032

Base year for estimation

2021

Historical data

2022 - 2032

Forecast period

2022 - 2032

Quantitative units

Revenue in US$ million/billion and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Purity, Application, End-use Industry, & Region

Regional scope

North America (U.S., Canada); Latin America (Mexico, Brazil); Europe (Germany, U.K., France, Italy, Spain, Poland, Russia); East Asia (China, Japan, South Korea); South Asia (India, Thailand, Malaysia, Vietnam, Indonesia); Oceania (Australia, New Zealand); Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Country scope

U.S., Canada, Mexico, Brazil, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key companies profiled

GLACONCHEMIE GmbH, Sigma Aldrich (Laboratory Grade), Fisher Scientific, Loba Feinchemie AG, TCI EUROPE N.V., Alfa Aesar, CM Fine Chemical, Abcr GmbH, Suzhou Jinghua Chemical Co., Ltd., Yancheng Jinghua Chemical Co., Ltd.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Key Segments Profiled in Global Solketal Market

By Purity:

  • 96-98%
  • 98%
  • >98%

By Application:

  • Solvent
  • Pharmaceutical intermediate
  • Biofuel
  • Others

By End Use Industry:

  • Cosmetics and personal care
  • Food and beverage industry
  • Pharmaceutical Industry
  • Chemical Manufacturing       
  • Paints and coatings
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The global solketal market is expected to record a CAGR of 3.50% during the forecast period 2022-2032, up from US$ 76.85 Billion in the year 2022 to reach a valuation of US$ 108.4 Billion by 2032.

Key players holding substantial market share GLACONCHEMIE GmbH, Sigma Aldrich (Laboratory Grade), Fisher Scientific, Loba Feinchemie AG, TCI EUROPE N.V., Alfa Aesar, CM Fine Chemical, Abcr GmbH, Suzhou Jinghua Chemical Co., Ltd., Yancheng Jinghua Chemical Co., Ltd.

As per the analysis, the global solketal market share is likely to be US$ 108.4 Billion by 2032.

Solketal has been expected to increase in demand as a result of heightened regulations regarding the use of biofuels and additives.Segment

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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