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The glycidol market size is forecast to increase by USD 44.4 million, at a CAGR of 5.18% between 2023 and 2028. The market is experiencing significant growth due to the expanding real estate and construction industry, which is driving the demand for this versatile chemical. Glycidol's unique properties, including its ability to act as a cross-linking agent and its use in the production of epoxy resins, make it an essential component in various construction applications. Furthermore, innovations in the manufacturing process of glycidol are leading to increased efficiency and cost savings, making it a more attractive option for manufacturers. Therefore, the increasing demand for paints in the construction industry will drive the market during the forecast period. However, the market is also facing challenges from fluctuations in the prices of raw materials, particularly butadiene and formaldehyde, which are key inputs in the production of glycidol. These price volatilities can impact the market's growth trajectory and require suppliers to adopt strategic sourcing and pricing strategies to mitigate risks.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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