Mexico Glycerine Market by type has been segmented into natural & synthetic. Natural glycerine accounted for the largest market share of 90% in 2016, projected to grow at the highest CAGR of 5.13% during the forecast period. Synthetic glycerine accounted 10% of the market share in 2016, projected to grow at CAGR of 4.80%.

On the other hand, the market by application has been segmented into cosmetics & personal care, food, polyurethane, tobacco, alkyd resins and others. Cosmetics & personal care market has been growing with highest CAGR of 5.29% because of the recent advancements and continuous innovations in the products. In-addition, the market for food industry has been increasing with CAGR of 5.20%, due to increasing population in Mexico. Tobacco, polyurethane and pharmaceutical industries are subsequent industries, the glycerine consumption in these industries are growing with CAGR of 4.7%, 4.8% and 5.2% respectively.

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Additionally, glycerine is utilized in resins, oilfield and agricultural sector as well. It is utilized in manufacturing of alkyd resins, fracking application in oilfields industry and feed for the animal in agricultural sectors. The use of glycerine has accelerated the market to many extents due to its property as humectant, lubrication, sweet test, colorless nature. The glycerine derived from natural source mostly as a co product of biodiesel is of highest demand than the synthetic glycerine. Moreover, refined glycerine is on highest demand than crude glycerine. Based on the grade and its applications, 80% of the refined glycerine is consumed however only 20% of the crude glycerine is demanded by the application sectors.

East Mexico has dominated glycerine market

As per MRFR analysis East Mexico dominated the glycerine market and has accounted for the largest share of 40% the market in 2016. East Mexico market is followed by West Mexico and South Mexico. Moreover, the consumption demand of glycerine is very high, Mexico consumed 63 Thousand MT of glycerine in 2016, however the production is very less, Mexico produced 7.9 Thousand MT of glycerine in 2016. To fulfill the consumption demand, Mexico imported 55 Thousand MT of glycerine in 2016.

In terms of volume, East Mexico is leading the market and consumed 25.2 Thousand MT of glycerine in 2016 and expected to grow with CAGR of 5.20% during forecast period. West Mexico is the second largest glycerine consumer region, West Mexico consumed 16.7 Thousand MT of glycerine in 2016 and expected to grow with CAGR of 5.00%. South Mexico consumed 12.6 Thousand MT of glycerine in 2016 and expected to grow with CAGR of 4.60%.

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Company profile and country level customization on reports.

We recognize the key players in the Mexico Glycerine Market as include Cargil Inc., Kao Chemical., Quimic S.A. de C.V., Quimica Delta, Oxiteno Mexico S.A. de C.V. and PEMEX. This report includes the product portfolios of the same.

This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Mexico Glycerine Market, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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