The global solketal market was worth US$ 76.85 Billion in the year 2022 and is expected to reach US$ 108.4 Billion by the year 2032 at a CAGR of 3.5% between 2022 and 2032. The solketal market is expected to get catalyzed by the fact that biodiesel and biofuels are the future of the fuels vertical.

Solketal is chemically known as isopropylidene glycerine. It’s, in fact, put into the category of glycerine derivatives and does have a remarkable potential for being used as an additive for improving biodiesel properties. It’s a colorless, clear, and odourless liquid that has good fluidity at ambient temperature.

Another advantage of solketal is that it can reduce particulate matter emissions and enhance fuels’ oxygen stability. It is a known fact that biofuels are capable of reducing energy as well as greenhouse emissions linked with logistical operations. This is evident from the fact that the year 2018 witnessed 79 biodiesel production plants in the US operating at 78% capacity.

It’s a blatant truth that non-renewable energy reserves are getting depleted day after day. With the world looking upon renewable energy resources as a viable substitute, solketal is a good option. Though there are a few controversies regarding its other constituent, i.e. acetone, no concrete piece of information is available as of now. This confusion may restrain the market going forward, through short-term.

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Competitive Arena

The key players in solketal market include GLACONCHEMIE GmbH, Sigma Aldrich (Laboratory Grade), Fisher Scientific, Loba Feinchemie AG, TCI Europe N.V., Alfa Aesar, CM Fine Chemical, ABCR GmbH, Suzhou Jinghu Chemical Co., Ltd., and Yancheng Jinghua Chemical Co., Ltd.

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

What does the Report cover?

  • The research study is based on purity (96-98%, 98%, and >98%), by application (solvent, pharmaceutical intermediate, biofuel, and others), and by end-user industry (cosmetics and personal care, food and beverages industry, pharmaceutical industry, chemical manufacturing, paints, and coatings, and likewise).
  • With rising demand for biodiesel and biofuel, the global solketal market is bound to reach a ‘new’ high in the years to come.