Glycerin Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - P&G Chemicals, Emery Oleochemicals, Cargill

The global Glycerin Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.0% during the review period (2022 to 2027)

Glycerin Market Overview

Glycerin, also known as glycerol, is a exactly versatile chemical due to the combination of physical and chemical properties. In addition, exceptional compatibility with several chemicals and easy handling are playing a key role in many industrial applications. So, the versatility in applications is growing demand for refined glycerine in food production, chemical manufacturing, pharmaceuticals, personal & home care, and other specialty applications with other oleochemicals such as fatty alcohols and fatty acids and esters. To tap such potential opportunities, key players operating in the regional market are investment in establishing new plants and in growing their production capacity. The new plant will produce the methodical and USP grades of glycerol. Rapid urbanization, along with industrialization, has improved the essential for alternative bio-based fuels such as bio-diesel. Limited fossil fuel reserves encouraged the essential for fuels from renewable feedstock. Biodiesel is obtained from natural resources such as animal fats & vegetable oils and proved itself as an eco-friendly option to fossil fuels. It is gained as the by-product of the biodiesel manufacturing process. So, with an increase in biodiesel production, the supply of glycerol is projected to increase during the forecast period. Rendering to the OECD-FAO Agricultural Output Report, global biodiesel production is likely to reach around 44 billion liters by the end of 2028. Growing concerns regarding the depletion of fossil fuels are surging the demand for alternatives, including demand for biodiesel, driving the biodiesel production activities. This is probable to propel market growth significantly.

Industry News

In October 2021, IOI Corporation Berhad declared the construction of a new 110,000 metric ton (MT) per year oleochemical plant in Prai, Penang, with a capital expenditure of MYR 220 million. The new plant is mainly catered for palm and palm kernel-based fatty acids and glycerine, which are the main raw materials for personal care and cosmetic products. The plant construction is excepted to be completed by the second quarter of 2022.

July 2021, ENI and BASF declared a newly joined initiative to produce advanced bio-propanol from glycerin. The technology to be developed involves the conversion of glycerine to propanol.

What are the major Applications, Types and Regions for Glycerin Market?

By Type, it is segmented into

• Technical Grade Glycerin


• USP Grade Glycerin


• Others

By Applications it is segmented into

• Food and Beverages


• Pharmaceutical


• Cosmetics


• Industrial Uses


• Others

Glycerin Market Regional Analysis

Asia-Pacific to Dominate the Market-Asia-Pacific accounted for the main share of the overall glycerin market, owing to emerging countries like China, India, and Japan. China is one of the major consumers of glycerin. Cosmetics and personal care are one of the fastest-growing sectors in the country. Covering several industries, such as makeup, skincare, haircare, personal hygiene, fragrances, etc., the Chinese cosmetics and personal care market experienced positive growth.

The cosmetics industry in China has experienced steady progress in recent years, driven by rising demand for premium products and an increasing number of working women. The total market has expanded by over 150% between 2012 and 2020. The retail sales value of cosmetics in China reached USD 52.3 billion in 2020, making it the world’s second-largest beauty and personal care product market.

North America

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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
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  • Australia
  
  
  • South Korea
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Glycerin Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Glycerin Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Glycerin Market Report Scope?

Key Takeaways from this Glycerin Report

• Evaluate Glycerin market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Glycerin market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Glycerin Market is studied from 2017 - 2027.

 What is the growth rate of Glycerin Market?

The Glycerin Market is growing at a CAGR of 6.0% over the next 5 years.

What regions does this Glycerin Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.