Glycerin Market show significant growth via rising use of personal care products

Global Market Insights, Inc., has published its most recent report with the title 'Global Glycerin Market In-depth Research on Industry Size, Trends, Emerging Growth Factors to 2025'. The report basically contains an outline of the glycerin industry, with pointers along the lines of definition, manufacturing technology, production, and applications.

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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. 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.

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.

The application areas of the product include industrial as well as chemical intermediates. Some of the industrial applications are emulsifier, thickening agent, anti-caking, stabilizer and others such as alkyd resins, e-cigarette liquid, botanical extracts, vibration dampening, tobacco humectants, etc. It also acts as a raw material for the manufacture of different types of chemical intermediates, including plasticizers, surfactants, and solvents.

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The glycerin market competitive landscape includes key players:

1. BASF SE
2. Emery Oleochemicals
3. Wilmar International
4. Godrej Industries
5. Cargill Incorporated
6. P&G Chemicals
7. Kao Corporation
8. Avril Group
9. Vitusa Products Inc.
10. Twin Rivers Technologies
11. Timur Oleochemicals
12. Archer Daniels Midland Company
13. Croda International Plc
14. IOI Group
15. Dow Chemical

Based on end-use industries, global glycerin market can be segmented into food & beverages, pharmaceuticals & healthcare, personal care, and others such as automotive, etc. The extensive use of the product in the personal care segment as a thickening agent, emulsifier, lubricant, and humectant will contribute to the growth of this segment. The additional advantages such as low toxicity and solubility will also supplement the glycerin market growth.

The regional segmentation covers:

o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

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.

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Key questions answered in the report:

o What will be the glycerin market demand, size, share, and consumption between 2020 to 2025?
o What will the growth rate of the market?
o What was the status of the glycerin market worldwide during the past years?
o What are the key factors that will drive the market?
o What are the risks, opportunities, and the overview of the glycerin industry?

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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