Press release
Global Glycerol Market Growth Rate at CAGR (%) and Market Forecast by 2025
Glycerol is a simple polyol compound. It is a colorless, odorless, viscous liquid that is sweet-tasting and non-toxic. The glycerol backbone is found in all lipids known as triglycerides. It is widely used in the food industry as a sweetener and humectant and in pharmaceutical formulations. Glycerol has three hydroxyl groups that are responsible for its solubility in water and its hygroscopic nature.
Factors such as acid rains, increase in the level of greenhouse gases, and an increase in air pollution are adversely affecting the environment and causing distress to the people. To reduce the harmful effects on the populace and to remain environment-friendly, the government is taking initiatives to promote the use of environmental-friendly products among the manufacturing sector. Moreover, the government is also raising awareness about the harmful effects of chemical compounds on the environment. Also, the government is also providing loans at a subsidized rate of interest and also at reasonable tax rates to shift toward bio-based chemical production. This, can further, fuel the growth of the market over the years.
APAC accounted for the major shares of the glycerol market during 2016. The growth of the market can be attributed to factors such as a considerable growth in the personal care and pharmaceutical applications in the region. Also, the rise in the disposable income and growing health-consciousness among the consumers are also surging the demand for glycerol among the region.
The global Glycerol market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.
The major manufacturers covered in this report
Emery Oleochemicals
IOI Group
Oleon
Wilmar International
Archer Daniels Midland
Cargill
CREMER OLEO
Croda International
Godrej Industries
Procter & Gamble
Kao
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Market size split by Region
•North America
•Asia-Pacific
•Europe
•Central & South America
•Middle East & Africa
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