Glycerin Market Report (2022-2027): Top Companies Overview, Growth, Trends, Size, Demand, Analysis and Forecast

The latest research study "Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global glycerin market reached a value of US$ 1.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.62 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Glycerin is trihydric alcohol extracted from vegetable oils and animal fats. It is a thick, colorless, transparent, odorless liquid that is sweet-tasting and non-toxic. It also hydrates the outermost layer of the skin and has various antimicrobial properties that protect it from external pollutants while accelerating the wound-healing processes. Owing to these properties, it is extensively utilized in formulating numerous skincare products.

Global Glycerin Market Trends and Drivers:

The market is primarily driven by the rising utilization of glycerin in hand sanitizers, soaps, and hand washes due to the recent outbreak of the coronavirus (COVID-19) disease pandemic. In addition, the rising product adoption in the personal care industry as a fragrance ingredient and hair conditioning, viscosity decreasing, and oral care agent represents another major growth-inducing factor.

Besides this, glycerin finds extensive applications in the food and beverage (F&B) industry due to its ability to function as a solvent, sweetener, humectant, and preservative. This, coupled with the increasing product utilization in the paints and coatings industry as a polymer building block to manufacture alkyd resins and polyurethanes, is positively influencing the market growth. Moreover, the expanding pharmaceutical industry and the escalating demand for biodiesel are also propelling the market growth.

Global Glycerin Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Archer-Daniels-Midland Company, Avril Group, BASF SE, Cargill Incorporated, Croda International PLC, Emery Oleochemicals (PTT Global Chemical Public Company Limited), Godrej Industries Limited, IOI Corporation Berhad, Kao Corporation, Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., The Procter & Gamble Company and Wilmar International Limited.

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The report has segmented the market on the basis of region, process, grade, source and application.

Breakup by Process:
• Transesterification
• Saponification
• Fat Splitting

Breakup by Grade:
• USP Grade
• Technical Grade

Breakup by Source:
• Biodiesels
• Fatty Acids
• Others

Breakup by Application:
• Pharmaceuticals
• Food and Beverages
• Personal Care and Cosmetics
• Industrial Chemicals
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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