Quick Summary:
The global glycerin market is demonstrating promising potential as a significant field for investment. A crucial component in a broad array of products, from skincare items to food and beverage, glycerin’s versatile utility is driving its momentous demand, evoking an attractive projection for future growth. Extracted from vegetable oils or animal fats, glycerin is a transparent and hygroscopic fluid with numerous antimicrobial properties that fortify its commercial significance.
Its functionality as a humectant, solvent, preservative, and sweetener establishes glycerin's particular relevance to the food and beverage industry. Consequently, its expanding application in manufacturing paints, inks, and coatings as a vital compound for creating alkyd resins and polyurethanes underpins market growth. The escalating demand for biodiesel further bolsters the booming demand for glycerin. Moreover, it's indispensable role in formulating personal-care products, such as toothpaste, shaving cream, and hair care items, in addition to skincare solutions, highlights the profound impact the growing personal care industry has on the global glycerin market trend.
The global glycerin market size reached US$ 2.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Glycerin refers to a trihydroxy alcohol extracted from vegetable oils or animal fats. It is a clear, colorless, odorless, and hygroscopic fluid that has several antimicrobial properties. It assists in hydrating the outer layer of the skin, improving skin barrier function and skin mechanical properties, providing protection against skin irritants, and accelerating wound-healing processes. As a result, it is extensively utilized in the formulation of various skincare products across the globe.
Glycerin refers to a trihydroxy alcohol extracted from vegetable oils or animal fats. It is a clear, colorless, odorless, and hygroscopic fluid that has several antimicrobial properties. It assists in hydrating the outer layer of the skin, improving skin barrier function and skin mechanical properties, providing protection against skin irritants, and accelerating wound-healing processes. As a result, it is extensively utilized in the formulation of various skincare products across the globe.
Glycerin Market Trends:
There is currently a considerable rise in the utilization of glycerin in the manufacturing of hand sanitizers, soaps, hand washes, and detergents on account of the contagious outbreak of coronavirus disease (COVID-19) and the alarming need to protect against the spread of the pandemic. This represents one of the key factors propelling the growth of the market. Glycerin helps prevent the loss of moisture from products so that they do not dry out. Consequently, it is widely utilized as denaturants, fragrance ingredients, oral care agents, hair conditioning agents, skin protectants, and viscosity-decreasing agents worldwide. It is also increasingly employed in the production of numerous personal care products, such as toothpaste, shaving creams, and skin and hair products to provide smoothness and lubrication. Moreover, glycerin finds extensive applications in the food and beverage (F&B) industry due to its ability to function as a humectant, solvent, preservative, and sweetener. This, coupled with the expanding application of glycerin as a polymer building block to manufacture alkyd resins and polyurethanes for usage in paints, inks, and coatings, is contributing to market growth. Other major factors, including the thriving pharmaceutical industry and the escalating demand for biodiesel, are creating a favorable market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global glycerin market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on process, grade, source and application.Breakup by Process:
- Transesterification
- Saponification
- Fat Splitting
Breakup by Grade:
- USP Grade
- Technical Grade
Breakup by Source:
- Biodiesels
- Fatty Acids
- Others
Breakup by Application:
- Pharmaceuticals
- Food and Beverages
- Personal Care and Cosmetics
- Industrial Chemicals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Avril Group, BASF SE, Cargill Incorporated, Croda International PLC, Emery Oleochemicals (PTT Global Chemical Public Company Limited), Godrej Industries Limited, IOI Corporation Berhad, Kao Corporation, Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., The Procter & Gamble Company and Wilmar International Limited.Key Questions Answered in This Report:
- How has the global glycerin market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global glycerin market?
- What are the key regional markets?
- What is the breakup of the market based on the process?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global glycerin market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Glycerin Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2 Billion |
| Forecasted Market Value ( USD | $ 2.8 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Glycerin Market
6 Market Breakup by Process
7 Market Breakup by Grade
8 Market Breakup by Source
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Tables
List of Tables
Companies Mentioned
- Archer-Daniels-Midland Company
- Avril Group
- BASF SE
- Cargill Incorporated
- Croda International PLC
- Emery Oleochemicals (PTT Global Chemical Public Company Limited)
- Godrej Industries Limited
- IOI Corporation Berhad
- Kao Corporation
Methodology
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