Glycerin - Global Strategic Business Report

The global market for Glycerin was valued at US$2.9 Billion in 2024 and is projected to reach US$4.4 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Glycerin market.

Global Glycerin Market - Key Trends and Drivers Summarized

Glycerin, also known as glycerol, is a simple polyol compound that is odorless, colorless, and possesses a sweet taste. It is a viscous liquid that is widely used in pharmaceutical formulations, food products, and cosmetics due to its solvency, humectant, and emollient properties. Glycerin is typically derived from natural sources such as animal fats and vegetable oils through hydrolysis or saponification processes. Alternatively, it can be synthesized from propylene, a petroleum byproduct. In pharmaceuticals, glycerin serves as a solvent, sweetening agent, and humectant, helping to keep products moist. In food products, it is utilized as a sweetener and preservative, and in personal care items, it functions as a moisturizer to enhance skin hydration.

The utility of glycerin extends beyond these traditional roles, contributing significantly to industrial applications as well. It is a key component in the production of alkyd resins used in paints and coatings. Additionally, glycerin is employed in the manufacturing of polyurethane foams and is increasingly being explored for its potential in biofuel production, particularly as a byproduct of biodiesel. The environmental aspect of glycerin is particularly appealing; it is non-toxic and biodegradable, making it a favored ingredient in environmentally friendly products and processes. Its physical attributes, such as high boiling point and freezing point depression, make it ideal for use in anti-freeze and other applications requiring temperature regulation.

The growth in the glycerin market is driven by several factors, including the increased demand for bio-based chemicals and sustainable solutions across industries, innovations in downstream applications, and stringent environmental regulations promoting biodegradability. Pharmaceutical & medical along with food & beverages represent high-value applications of glycerin. The de-icing and antifreeze applications as an alternative to ethylene glycols and propylene are anticipated to offer lucrative opportunities over the coming years. In addition, increasing demand for natural personal care products is bound to further boost glycerin demand. The booming personal care industry, especially in emerging markets, is another significant driver, as consumers seek products with natural ingredients that offer hydration and skin benefits. The expansion of the food and beverage sector globally also contributes to the demand for glycerin as a food additive. Furthermore, the shift towards producing biodiesel as an alternative to traditional fossil fuels has resulted in increased glycerin production as a valuable byproduct, thereby boosting its supply and applications in diverse sectors.

Report Scope

The report analyzes the Glycerin market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Process Type (Transesterification, Saponification, Fat Splitting); Source (Biodiesel, Vegetable Oils, Soaps, Synthetic); End-Use (Industrial, Chemical Intermediates).

Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Transesterification segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 7.2%. The Saponification segment is also set to grow at 5.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $463.6 Million in 2024, and China, forecasted to grow at an impressive 8.7% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Glycerin Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Glycerin Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Glycerin Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as BASF SE, Cargill, Inc., Archer Daniels Midland Company, Croda International PLC, Adeka Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 92 companies featured in this Glycerin market report include:

• BASF SE
• Cargill, Inc.
• Archer Daniels Midland Company
• Croda International PLC
• Adeka Corporation
• AAK AB
• Aemetis, Inc.
• Baerlocher GmbH
• Ecogreen Oleochemicals (Singapore) Pte., Ltd.
• Benefuel, Inc.
• Cremer Oleo GmbH & Co. KG
• Aekyung Petrochemical Co. Ltd.
• Avril SCA
• C. Thywissen GmbH
• Dr. McGrath's

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry