Glycerol Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Cargill Incorporated, BASF SE (BAS: ETR), ADM (ADM: NYSE)

Registering a CAGR of 6.5% over the forecast period, the market value of Glycerol is expected to reach US$ 2630 million in the year 2027.

Glycerol Market Overview

Glycerin, also known as glycerol, is a technically versatile chemical due to the combination of physical and chemical properties.Glycerol is mostly generated from biodiesel, thereby making it a renewable and clean-burning fuel which can be used for industrial purposes. It is a key ingredient in production resins and gums which are used to make modern protective coatings including exterior house paints and automotive enamels, thus driving glycerol market demand.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 increasing 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 investing in establishing new plants and in increasing their production capacity. For instance, in August 2020, Bojagro SA, a part of Bahia Energia Group, established a production plant in Ramallo, Argentina, with an investment of around US$ 15 million. The new plant will produce the technical and USP grades of glycerol.Rapid urbanization, along with industrialization, has increased the need for alternative bio-based fuels such as bio-diesel. Limited fossil fuel reserves encouraged the need 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 obtained as the by-product of the biodiesel manufacturing process.

Industry News and Updates

IOI Corporation Berhad announced in October 2021 that it would build a new 110,000 metric tonne (MT) per year oleochemical plant in Prai, Penang, with a capital investment of MYR 220 million. The new plant will primarily produce palm and palm kernel-derived fatty acids and glycerine, which are the primary raw materials for personal care and cosmetic products. The plant is expected to be finished in the second quarter of 2022.

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

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Crude


• Refined

By Application, it is segmented into

• Food & Beverage


• Pharmaceutical


• Nutraceutical


• Personal Care & Cosmetics


• Industrial


• Others

Glycerol Market Regional Analysis

In 2020, Asia Pacific dominated the glycerol market, accounting for 36.0 % of total revenue. In the coming years, the region is expected to have the highest CAGR. This is due to changing lifestyle patterns, increased consumption of convenience foods, and an increase in the number of working women in the region. Glycerol prices in the Asia Pacific more than tripled in the first half of 2021 due to high demand from end-use industries and constrained production due to a shortage of key feedstock chemicals. Due to a lack of feedstock, the volume of glycerin produced in Indonesia has been reduced.

• North America
  
  
  
  
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• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Glycerol 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 Glycerol 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 Glycerol Market report scope?

Key Takeaways from this Glycerol Report

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


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


• Get in-depth insights on your competitor’s 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 to your processes.


• Get a quick outlook on the Glycerol market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


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

Frequently Asked Questions

What is the study period of this market?

The Glycerol Market is studied from 2017 - 2027.

What is the growth rate of the Glycerol Market?

The Glycerol Market is growing at a CAGR of 6.5% over the next 5 years.

Who are the key players in Glycerol Market?

Cargill Incorporated, BASF SE, Procter & Gamble Chemicals, Oleon NV, KLK OLEO, Dow Chemical Company, ADM, Wilmar International Ltd., Pacific Oleochemicals Sdn Bhd, Kao Corporation, Emery Oleochemicals, United Coconut Chemicals, Inc., Godrej Industries Limited, Monarch Chemicals Limited, Aemetis Inc., CREMER OLEO GmbH & Co. KG, Sakamoto Yakuhin Kogyo Co., Ltd., Fine Chemicals & Scientific Co.

What regions does this Glycerol Market report cover?

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’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.