What’s driving the Glycerin Market Trends? | Key Players Are BASF SE, Emery Oleochemicals, Wilmar International, Godrej Industries, Cargill Incorporated, P&G Chemicals, Kao Corporation, Avril Group, Croda International Plc, IOI Group, The Dow Chemical C

Global Market Insights, Inc. recently introduced new title on 2018-2024 Glycerin Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

Glycerin Market size is expected to grow significantly in the coming years owing to its properties such as colorless, odorless, transparent viscous liquid with a sweet taste, highly soluble in water or alcohol, and a great solvent for other materials which makes it find majority of applications into personal care products. The global personal care products market is expected to witness moderate growth, reaching approximately around USD 450.0 billion by 2017, and will grow significantly over the coming years. The product is also helpful in reducing numerous health problems, including skin irritation and constipation. It is an effective ingredient in various pharmaceutical and food preparations, as it can be used as an emulsifier, humectant sweetener and levigating agent.

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Glycerin is a by-product, generated while processing bio-diesel from animal fats, and vegetable oil. Growing demand for alternate fuel in Europe and North America along with growing preference for bio-renewable chemicals has increased the biodiesel consumption rapidly. This demand growth is further attributed with growing concerns related to global climate change, stable energy, and fluctuating crude oil prices are expected to increase biodiesel demand, which will subsequently increase the demand for glycerin during the forecast period.

By grade the glycerin market is classified into refined glycerin, crude glycerin and others such as natural and blonde. There are three grades of refined glycerin, like technical grade, used in the production of chemicals but not suitable for consumption, USP grade (United States Pharmacopeia) is suitable for use in food or pharmaceuticals and Kosher grade glycerin, derived from plant oil sources and making it suitable for food & beverages.

On the basis of manufacturing process, glycerin market is divided into transesterification, saponification, fat splitting and others such as hydrolysis, etc. Among all these processes, the glycerin produced by transesterification process is expected to have a larger share compared to other processes. It will further increase its dominance due to the increasing demand for biodiesel production in the coming years.

Based on source, glycerin market is segmented into vegetable oils, bio-diesel, synthetic and others such as soaps, fatty acids etc. Biodiesel has become a major source of crude glycerin attributed to the advancement of transesterification and will significantly accelerate the glycerin market growth.

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The Asia Pacific glycerin market will witness high growth during the forecast period owing to the growing demand from personal care products. Increasing product demand from chemical intermediates manufacturers in the region along with an increasing demand for glycerin as a platform chemical, especially in China, will boost the overall regional demand of glycerin.

The glycerin market competitive landscape includes key players such as BASF SE, Emery Oleochemicals, Wilmar International, Godrej Industries, Cargill Incorporated, P&G Chemicals, Kao Corporation, Avril Group, Vitusa Products Inc., Twin Rivers Technologies, Timur Oleochemicals, Archer Daniels Midland Company, Croda International Plc, IOI Group, The Dow Chemical Company to name a few.

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