Methyl Glucose Market Size, Share, Growth And Industry Analysis By Type (Methyl Glucose Dioleate, Methyl Glucose Sesquistearate, Ppg-10 Methyl Glucose Ether, Ppg-20 Methyl Glucose Ether, Ppg-20 Methyl Glucose Ether Distearat Peg-120 Methyl Glucose Trioleate And Propanediol, Methyl Gluceth -10, Peg-120 Methyl Glucose Dioleate, Peg-20 Methyl Glucose Sesquistearate) By Application (Personal Care And Cosmetics), Regional Forecast To 2031

Updated On: 08 April 2024

Methyl Glucose Market REPORT OVERVIEW

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The global methyl glucose market size is anticipated to be worth USD 122 million in 2022 and market is projected to touch USD 218.66 million by 2031 with a CAGR of 6.7% during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

It is a form of monosaccharide. They are prepared in research laboratories. The main source of obtaining methyl glucose is through acid-catalyzed reaction of methanol and glucose. They are very widely used and have a lot of demand in the market during the recent years.

Many new discoveries are being done in this industry. All the new developments have paved the path for the market growth. One such new discovery that can be witnessed in the market is the production of better-quality products. The newly produced products are of better quality and are prone to be more effective. Improved methods are also being found out in the industry that enable the production of higher quantities of this product. This has been identified as the new trend.

 It is significantly used in the manufacturing process of derivatives, surfactants, varnishes, emulsifiers, and, plasticizers. It is widely used in pharmaceutical and cosmetic products such as anti-ageing creams, hair care and baby products These are the major factors driving the market growth.

COVID-19 impact:  Industrial Slowdowns During Pandemic Reduced the Market Growth

The COVID-19 pandemic caused a disruption in all the industries and markets throughout the world. It forced all the countries to impose lockdowns and social distancing norms. Due to this there was a steep decline in the global economic curve. The methyl glucose industry was not an exception and experienced a huge loss during the pandemic period.

There was a massive disruption in the demand-supply chain and equilibrium across all industries, especially in the chemical industry which brought down the methyl glucose market share. Another major reason was the shutdown of the plants and factories in key production regions such as Asia, North America and Europe in the later quarter of 2020 that reduced the scale of production in the market. The increase in the price of raw materials, non-availability of skilled workers were also some reasons that led to the fall of market share during the pandemic.

LATEST TRENDS

"High Quality Production of Methyl Glucose to Increase the Market Growth"

New developments and discoveries are being done every day in all the fields, especially in the field of science, drugs, and, medications. These discoveries have helped the market grow. One such new discovery that can be witnessed in this market is the production of high-quality methyl glucose.

The newly produced products are of better quality and are prone to be more effective. Improved methods are also being found out in the industry that enable the production of higher quantities of this product. Greater production leads to higher sales which in return increases the market growth. These have been some of the latest trends in the market.

Methyl Glucose Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments: Methyl glucose dioleate, methyl glucose sesquistearate, ppg -10 methyl glucose ether, ppg-20 methyl glucose ether, ppg-20 methyl glucose ether distearat peg-120 methyl glucose trioleate and propanediol, methyl gluceth -10, methyl gluceth -20, peg-120 methyl glucose dioleate, peg-20 methyl glucose sesquistearate, and, others. The Methyl Glucose Dioleate is expected to lead the market during the forecast period.    

• By Application:

Classification based on application is as follows: Personal Care and Cosmetics. The personal care segment is expected to lead the market during the forecast period.

DRIVING FACTORS

"Several Applications of Methyl Glucose to Drive the Market Growth"

It has a lot of application in various industries. Due to the features of this product, it is extensively used in various industries including pharmaceutical and cosmetic industry. This factor has propelled the market growth in the recent times.

It is significantly used in the manufacturing process of derivatives, surfactants, varnishes, emulsifiers, and, plasticizers. This factor has driven the market growth.

"Growing Use of Methyl glucose in Pharmaceutical Industry to Amplify Market Growth"

Apart from being a part of the food industry these products also form a part of the pharmaceutical industry. This has created a lot of demand for this product all over the world.

It is widely used in pharmaceutical and cosmetic products such as anti-ageing creams, hair care and baby products. This has driven the usage of this product leading to methyl glucose market growth in the recent years.

RESTRAINING FACTOR

"High Production Cost of Methyl Glucose to Decrease the Market Growth"

The high production cost of this product is one such restraining factor that can drastically decrease the market growth. Even though the product is not very costly the procedure of manufacturing this product can sometimes be very high.

This can drastically reduce the scale of production. Reduction in the scale of production can also directly affect the sales in the market. This can act as a major factor restraining the market growth.

Methyl Glucose Market Regional Insights

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"North America to Dominate the Market During the Forecast Period"

The region that is seen dominating the market is North America. Asia Pacific is the region that occupies the next position in the market share. Asia Pacific and North America are the major markets with high revenue returns. Many favorable factors have led to the growth of the market in North America.

 Some of them include the high manufacturing capacity and huge investments that are coming in from the key players of the market. The availability of resources, raw materials and men force are some of the other notable factors that have contributed to the market growth in the past few years. Adoption of innovative products and also the support provided by the government for the manufacturing process have propelled the market growth in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Hangzhou Lingeba Technology (China)
• Tinci (U.S.)
• Foshan Hytop New Material (China)
• Kalichem (China)
• Hefei TNJ Chemical Industry (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations