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The global Glycine market is valued at USD 725 million in 2017
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Glycine is an organic compound and is known as the smallest of the 20 amino acids which are found in proteins. It is the only amino acid that does not form an L or D optical rotation. It is a colorless, sweet-tasting crystalline solid.


The global Glycine market is valued at USD 725 million in 2017 and is expected to reach USD 979 million by the end of 2024, growing at a Growth Rate of 3.75% between 2019 and 2024.


Currently, there are some companies in the world can produce glycine product, mainly concentrate in China. The main market players are Shijiazhuang Donghua Jinlong Chemical, Hebei Donghua Jiheng Chemical, Linxi Hongtai, etc. The sales of glycine increased from 335 K MT in 2013 to 347 K MT in 2017, with an average growth rate of 0.89%.


In consumption market, the growth rate of global consumption is smooth relatively with the low growth rate. China and Japan are still the mainly consumption regions due to the advanced production technology and rapid development of economy.


Glycine can be classified into three types: food grade glycine, tech grade glycine and pharmaceutical grade glycine. Food grade glycine is widely used in food and feed industry. Pharmaceutical grade glycine is used in pharmaceutical industry. Tech grade glycine is widely used in pesticide industry; it is a key raw material of glyphosate. Survey results showed that 68% of the glycine market is pesticide industry, 15% is food industry, only 2.7% is pharmaceutical industry, with the development of economy, these industries will need more glycine. So, glycine has a huge market potential in the future.


Currently, there are two kinds of commonly used production process of glycine. It includes MCA method and Strecker method. Due to the different process, the major raw materials for glycine are different. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of glycine industry.


We tend to believe this industry is a mature industry, and the consumption increasing degree will show a low growth curve. As the pressure of environmental protection increases, the price will gradually increase. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.