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Glycerin Market to Reach $2.1 Billion by 2024 The global glycerin market is esƟmated to be worth $1.4 billion in 2016 and increase to $2.1 billion by 2024, according to a new publicaƟon Ɵtled, Glycerin Market: Global Industry Analysis and Forecast, 2016-2024 by Persistence Market Research. The report analyzes the global glycerin market performance over an eight-year forecast period and offers insights into the key factors and trends driving the market. Increase in the producƟon of biodiesel supported by governmental regulaƟons over the mandatory blending of biodiesel has resulted in an abundance of glycerin across the world. Industrial focus on the uƟlizaƟon of glycerin in novel applicaƟons and for biochemical producƟon are the driving growth factors for the global glycerin market. However, fluctuaƟons in supply as well as availability of subsƟtutes are likely to hinder growth over the forecast period. Among regions, sales of glycerin in Asia-Pacific were $563.6 million last year and are expected to reach $920.6 million by 2024. The region is predicted to emerge as the most aƩracƟve market for glycerin by the end of the forecast period. North America accounted for nearly 16.3 percent of overall revenue from glycerin sales in 2016 at approximately $230.2 million and is anƟcipated to reach $338.6 million by 2024. R A Little Tallow with that Cash? The Bank of England’s new five-pound note is made of thin, flexible plasƟc…and tallow. When asked on its TwiƩer account back in November, the bank confirmed a trace of tallow from animal fat is in the new polymer five-pound note. The same polymer is used in New Zealand’s new banknote and “may” also be in Canada’s new money, so said the Bank of England. The supplier of the polymer substrate for both countries’ banknotes, Innovia Security, verified a “trace amount of tallow” (about one percent of the addiƟve, according to the bank) is in the polymer to assist with manufacturing and processing. The new note features a portrait of Winston Churchill and is favored for its durability, water resistance, and difficulty to counterfeit. It will replace the old paper notes that will be removed from circulaƟon in May 2017. Yet, not everyone is happy, notably vegans and vegetarians. As of mid-January, over 130,000 electronic signatures were received in an online peƟƟon asking for tallow to be removed from the notes. However, comments to an arƟcle that appeared on the New Zealand Business Day website overwhelmingly support the addiƟve. The Bank of England, which had printed 440 million new five-pound notes as of November 2016, has not announced plans to change the makeup of its bills. Alan Sentman, a chemist at Polymer SoluƟons, told The Washington Post that small beads of tallow are likely used to help the currency feed smoothly through machines. He said the bank could produce the notes with a vegetable alternaƟve but that it is a bit cheaper with animal fat. R  RENDERING EXPERIENCE  27 YEARS OVER 14,000 TRAILERS IN A WORLD OF TRAILERS, TRAVIS LEADS RUGGED OPTIONS Proud Member Half lid Ball valve drains, in gate or underbody Air-operated center gate Blood tank and center gate Wave® Frame-Type Rendering Trailer ࠮NHSSVUPULYUHSISVVKHUR ࠮,_LYUHSOVPZUVKVNOV\ZL ࠮(LYVK`UHTPJK\HS^HSSZPKLZ ࠮(SSHS\TPU\TMYHTL Wave® Tote Dump ࠮7YVLU6YNHUPJ>HZLHUK-H)VULOH\SLY ࠮(SSHS\TPU\TJVUZY\JPVU ࠮3VUNYLHJOHS\TPU\TI\JRL ࠮8\HK(_SLYHPSLYHZZOV^USIZ Classic® Frame-Type Rendering Trailer ࠮:LLSMYHTL ࠮6WPVUHSHPYVWLYHLKJLULYNHL ࠮+\TWPUNVYUVUK\TWPUNZ`SLHHPSHISL ࠮0ULYUHSVYL_LYUHSNHSSVUISVVKHURHHPSHISL WWW.TRAVISTRAILERS.COM  800-535-4372  713-466-5888 www.rendermagazine.com Render February 2017 15


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