Core Viewpoint - The article emphasizes the urgent need for global action in response to the challenges of green transition, highlighting the importance of international cooperation, particularly between Peru and China, to advance renewable energy initiatives [4]. Group 1: Industry Growth and Opportunities - The biodiesel industry in South America is rapidly growing, with Peru expanding its market share alongside major producers like Brazil and Argentina, positioning itself as the second-largest biodiesel center globally after Asia [4]. - Peru has established a mandatory biodiesel blending standard, increasing from B5 (95% petroleum and 5% biodiesel) to B7.5, reflecting its commitment to clean energy and emission reduction [4]. - The glycerin market presents significant growth opportunities, with Peru exporting 525,000 tons of crude glycerin and 155,000 tons of refined glycerin annually, which are widely used in various industries [5]. Group 2: Raw Material and Sustainable Practices - Peru's palm oil production is significant, with plans to expand cultivation, as the region currently utilizes less than 1% of its farmland for palm planting, indicating substantial growth potential [5]. - The goal is to achieve carbon capture of 5 to 11 million tons of CO2 by 2030 through sustainable palm oil cultivation, ensuring no soil degradation occurs [5]. Group 3: Future Cooperation and Technological Innovation - The economic cooperation between China and Peru is expected to expand into digitalization to facilitate trade, with significant potential in intellectual property and unique technologies [6]. - The emerging energy sector, particularly in oil-based chemicals, has a market size of $20 billion, which can support high-end industrial development and contribute to sustainable aviation fuel production [5].

Industry Overview - The production capacity of crude glycerol in China is projected to reach 1.088 million tons in 2024, with an output of 422,500 tons, and is expected to exceed 1.1 million tons by the end of 2025, with output potentially surpassing 500,000 tons, indicating strong market vitality and growth potential [3][5] - The market size for crude glycerol in China reached 4.79 billion RMB in 2024, and is anticipated to rise to 7.286 billion RMB in 2025, driven by rapid expansion in downstream applications such as pharmaceuticals, cosmetics, food, and new energy [3][5] Supply Chain Analysis - The upstream supply of crude glycerol relies on natural oils (such as palm oil, soybean oil, and waste oils) and the biodiesel production process, which generates crude glycerol through complex chemical reactions [5] - The refining of crude glycerol allows its application in various sectors, including epoxy chloropropane, surfactants, pharmaceuticals, and cosmetics, with the demand for biodiesel and its byproduct, crude glycerol, increasing due to technological advancements and market demand [5] Market Competition and Trends - The current market competition in China's crude glycerol industry is characterized by "low concentration and high dispersion," with foreign giants dominating the high-end market while domestic companies focus on the mid-to-low end, facing intense price competition [6] - Future development will emphasize innovations in purification technology, the development of high-value-added products, and sustainable production models to meet the growing global demand for green chemicals [6] - The industry is seen as a crucial link between bioenergy and the chemical industry, with significant growth prospects, urging companies and investors to pay close attention to policy directions, market demand changes, and technological innovations [6] Market Environment Analysis - The crude glycerol industry is influenced by various policies and economic conditions, with a focus on the macroeconomic environment and specific industry policies that guide its development [8] - The demand characteristics and trends within the industry indicate a growing need for crude glycerol, driven by its applications across multiple sectors [9] Future Outlook - The crude glycerol market is expected to continue its growth trajectory from 2025 to 2031, with predictions of increased market size and demand, alongside a focus on sustainable practices and technological advancements [15][16]

Core Viewpoint - The crude glycerol industry is experiencing growth driven by the increasing demand from downstream sectors such as pharmaceuticals, cosmetics, food, and new energy, with significant market expansion expected in the coming years [1][6][19]. Group 1: Industry Definition and Classification - Crude glycerol is defined as glycerol with a content of less than 93%, typically produced as a byproduct in the biodiesel production process [2][4]. - It can be categorized into natural glycerol, derived from natural oils, and synthetic glycerol, produced from propylene [2]. Group 2: Current Industry Status - The production capacity of crude glycerol in China is projected to reach 1.088 million tons in 2024, with an output of 422,500 tons, reflecting an increase from 2023 [4]. - The demand for crude glycerol is expected to grow to 2.031 million tons in 2024, with a market size of 4.79 billion yuan, indicating a significant increase from the previous year [6]. Group 3: Industry Chain - The upstream of the crude glycerol industry includes the supply of natural oils and the biodiesel production process, which are the primary sources of crude glycerol [8][10]. - Crude glycerol undergoes refining to be used in various applications, including epoxy chloropropane, surfactants, pharmaceuticals, and food additives [8]. Group 4: Industry Development History - The development of the crude glycerol industry in China has evolved from reliance on imports to self-sufficiency, transitioning from low-end applications to high-end fields [14]. Group 5: Competitive Landscape - The crude glycerol industry in China is characterized by low concentration and high dispersion, with major foreign players dominating the high-end market while domestic companies primarily operate in the mid to low-end market [16]. - Key domestic companies include Yangzhou Feiyang Chemical Co., Ltd., Skory New Materials Technology Co., Ltd., and Jiangsu Shengtai Chemical Technology Co., Ltd. [16][18]. Group 6: Future Development Trends - The future direction of the crude glycerol industry will focus on purification technology innovation, high value-added product development, and sustainable production models to meet the global demand for green chemicals [19].