Market Snapshot:
Solketal is a protected form of glycerol with an isopropylidene acetal group joining two neighboring hydroxyl groups, they are the formulation of gasoline, diesel, and biodiesel. It has been extensively used in the synthesis of triglycerides by ester bond formation, the mixture of Solketal in biofuels improves the properties, minimizes the viscosity and helps in achieving the requirements for the flashpoint and oxidization stability of biodiesel. The Solketal is commercially known as Augeo and is used in household cleaning and fragrances.
Market Drivers
- Increasing demand for Solketal as a solvent, low-temperature heat-transfer fluid, surfactant and as an oxygenated additive for improving the properties of biofuels. These solvents have a high demand from automotive OEM coatings, printing inks, and protective coatings.
Market Trend
- Increasing use of Solketal in Pharmaceutical Industry
- The Emerging use of Solketal as Augeo for Fragrances and Cleaning Purpose
Restraints
- Stringent Regulatory Guidelines Regarding Solketal
- Adverse Effects of Solketal on Environment Might Affects the Market
The Solketal market framework should serve as a basic structure to support the strategic decision-making process for Vendors. For instance, the question of whether a Vendors wants to expand in other areas of the market value chain would fundamentally determines its strategy.
What is the current setup of the Solketal Industry, and what is its growth trajectory through 2026?
Trends that might impact the resulting strategic moves of the Vendors
How can Vendors take advantage of the changing market dynamics and capture new opportunities lying in Solketal market?
The key Vendors profiled in the report are Solvay (Belgium), Thermo Fisher Scientific (Alfa Aesar) (United States), Vigon International, Inc (United States), Merck KGaA (Germany), InKemia Green Chemicals, Inc. (United States), GLACONCHEMIE GmbH (Germany), Fraunhofer IGB (Germany), Hebei Aiyou Technology Co., Ltd. (China) and The Good Scents Company (United States).