Betaine Market to reach $5.8 Bn by 2032, Says Global Market Insights Inc.
Major betaine market participants include Nutreco N.V., Solvay SA, Evonik Industries AG, BASF SE, Kao Corporation, DuPont de Nemours, and Stepan Company.
Selbyville, Delaware, Sept. 10, 2023 (GLOBE NEWSWIRE) —
The betaine market valuation is expected to be worth USD 5.8 billion by 2032, as reported in
Major companies operating in the betaine market include Nutreco N.V., Solvay SA, Evonik Industries AG, BASF SE, Kao Corporation, DuPont de Nemours, and Stepan Company. These companies prioritize strategic partnerships, the introduction of new products, and commercialization strategies to expand their market presence. They are also making substantial investments in research and development to bring innovative products to market and maximize their revenue potential.
For instance, Evonik, a leading supplier of personal care ingredients, is actively reshaping its portfolio towards a System Solutions approach, with a recent move involving the divestment of its U.S. betaine business. In July 2022, Evonik agreed to sell its entire Betaines business located in Hopewell, Virginia, including its staff and a portion of the site, to specialty chemicals firm Kensing LLC. This divestment represents a significant step in Evonik’s strategy to transform its Care Solutions business line into a System Solutions provider, focusing on serving the personal care and cleaning sectors with comprehensive solutions.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Betaine market 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Form trends
2.6 Purity trends
2.7 Application trends
Chapter 3 Betaine Market Insights
3.1 Industry ecosystem analysis
3.1.1 Distribution channel analysis trends
3.1.2 Vendor matrix
3.1.3 COVID-19 impact on value chain
3.2 Raw material outlook
3.3 Regulatory landscape
3.3.1 North America
3.3.2 Europe
3.3.3 Asia Pacific
3.3.4 Latin America
3.3.5 Middle East & Africa
3.4 Technology landscape
3.5 Pricing analysis, by region
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 Middle East & Africa
3.6 Cost structure Analysis
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.2 Industry pitfalls and challenges
3.8 Innovation & sustainability
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer’s power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.11 PESTEL analysis
3.12 Impact of COVID-19 on industry, by end use
3.13 Impact of Russia Ukraine war on the industry
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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