Solketal Market 2022 | Current and Future Demand Analysis, Growth and Forecast by 2029, FMI

Solketal market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Solketal market.

Global Solketal Market: Introduction

Solketal is also known as isopropylidene glycerin. Solketal is categorized under glycerin and glycerin derivative and has significant potential to be used as additive to improve biodiesel properties. By IUPAC standards, solketal is identified as 4-hydroxymethyl-2,2-dimethyl-1,3-dioxolane. Solketal is a clear, colorless, and odorless liquid, and possess good fluidity at room temperature. Solketal has been widely used for the organic synthesis of mono, di and tri esters and recognized as a green industrial solvent additive in gasoline and biofuels. 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. There has been rise in demand for solketal as oxygenate fuel additive, as it can be used to reduce the particulate emission and improve the flow properties of the 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.

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Global Solketal Market Dynamics

The growing demand for biofuels and biodiesel is expected to create demand for solketal over the forthcoming years. Solketal is found to be soluble in gasoline and also in gasoline with significant proportion of ethanol. Solketal is also being used to increase the octane number of the fuels. The global solketal market has also witnessed growing demand for its use as chemical intermediate to synthesize benzyl solketal ether. 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 i.e. acetone. Glycerol is majorly derived from biological origin but the other feedstock i.e. acetone is being commercially obtained from the petrochemical processes. This may act as a key in factor restraining solketal market growth.

The ketalization of glycerol and acetone yields cyclic ether known as Solketal. The global solketal market manufacturers are in 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 increase in production of high purity grade of solketal for its use in pharmaceutical and food industry

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Global Solketal Market Participants

Some of the market participants identified across the value chain of global solketal 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.
• Yancheng Jinghua Chemical Co., Ltd.

The research report presents a comprehensive assessment of the solketal market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to solketal market segments such as application, purity, and end use industry

Global Solketal Market: Segmentation

The global solketal market can be segmented on the basis of application, purity, and end use industry