A new market study by Absolute Markets Insights on the Glycerol Market offers an in-house analysis of global economic conditions and related economic factors and indicators to evaluate their impact on the Glycerol Market historically to propose a tentative future scenario and current growth traits. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the market. Besides this, the report offers a detailed analysis of geographical areas and describes the competitive scenario to assist investors, prominent players, and new entrants to obtain a major share of the global Glycerol Market.
The global Glycerol Market was valued at US$ 4.3 Bn in 2021 and is projected to reach US$ 5.1 Bn by 2029 growing at a CAGR of 6.00% over the forecast period (2022 – 2029).
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Glycerol (C3H8O3) is an odorless, transparent polyol that belongs to the alcohol family of chemical molecules. The hydrolysis of natural oils and fats found in plants and animals is used to produce glycerol. It is used as a solvent, humectant, stabilizer, plasticizer, emollient, filler, sweetener, and softening agent in the food & beverage industry as it is biodegradable, hygroscopic, and miscible with water. Serums, cough syrups, vaccinations, heart medicines, suppositories, expectorants, and drug solvents are all manufactured using glycerol.
The Glycerol Market report has classified the market into segments including product type, application & more. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall industry. Besides segmental breakdown, the report is highly structured into a region-wise study. The researchers’ regional analysis highlights key regions and their dominating countries accounting for substantial revenue share in the Glycerol Market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.
In addition, the report also contains major collaborations, mergers and acquisitions, leading market trends, and business policies are evaluated. The study contains primary and secondary information that pertains to the Glycerol Market in terms of global status, market size, growth forecasts, trends, segments and a detailed forecast.
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Impact of COVID-19:
This study presents insights on COVID-19 in consumer behavior and shifts in demand, purchasing patterns, supply chain reorganization, market forces dynamics and substantial government involvement. The new research provides insights, analyses, estimates and forecasts in view of COVID-19’s effect on the markets. The Glycerol Market report delivers a solid watch on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends and a generalized overview of the market. The Glycerol Market is a detailed study packed with primary and secondary market drivers, market share, leading segments, and an apt geographical analysis.
Glycerol Market – Drivers
Increasing glycerol demand for various industrial application such as personal care & cosmetics, pharmaceutical, textiles, and as chemical intermediates has fostered the growth of glycerol market in the past. Glycerol is being primarily produced through biodiesel production.
The demand for glycerol is majorly driven by downstream operating rates of epichlorohydrin (ECH). According to the data published by Tecnon Orbichem, an average Chinese epichlorohydrin production is more than 50% glycerol based while remaining share is based on propylene route. Strong demand for epichlorohydrin from epoxy resins industry is likely to drive production of the ingredient, which in turn is projected to drive the glycerol market growth in the extended run. Furthermore, glycerol is emerging as a renewable bioderived feedstock. Manufacturers of personal care & cosmetics products, who are inclined toward sustainable solutions, are likely to procure vegetable based/plant-based glycerol.
Glycerol Market – Restraints
In 2020, the glycerol production was hindered. Multiple lockdown measures in a bid to control the pandemic resulted in lowering the transport, which subsequently led to less fuel demand. Such a factor forced biorefineries as well as crude oil producers to lower their production. Fall in bio-diesel production subsequently led to short supply of glycerol, which in turn drove its prices following high demand from sanitizer manufacturing sector.
Some of the major players operating in the Glycerol Market are listed below:
- Cargill Inc
- Cremer Oleo GmbH & Co. Kg.
- Croda International
- Emery Oleochemicals
- Glaconchemie
- Godrej Industries
- Granol
- Group Avril
- IOI Group
- Kao Corporation
- KLK Oleo
- P&G Chemicals
- Sakamoto Yakuhin Kogyo Co. Ltd
- Timur Oleochemicals
- Wilmar International amongst other market participants
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Key Questions Answered in this Report:
- Which regions will continue to remain the most profitable regional markets for Glycerol Market players?
- Which factors will induce a change in the demand for Glycerol Market during the assessment period?
- How will changing trends impact the market?
- How can market players capture the low-hanging opportunities in the Glycerol market in developed regions?
- Which companies are leading the market?
- What are the winning strategies of stakeholders in the market to upscale their position in this landscape?
Global Glycerol Market Segmentation:
- By Source
- Biodiesel
- Vegetable Oils & Fats
- Others
- By Type
- Crude
- Refined
- By Application
- Food & Beverage
- Personal Care & Cosmetics
- Tobacco Humectants
- Pharmaceutical
- Textile
- Chemical & Materials
- Epichlorohydrin
- Nitroglycerine
- Lubricants
- Antifreeze Agents
- Polymer & plastic
- Others
- Animal Feed
- Other
- By Region
- North America
- United States
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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