The Booming Glycerin Market: A CAGR 5.1% Analysis and Future Projections (2023-2028)

The global glycerin market was valued at around US$ 2,998.4 Mn in 2018 and is estimated to grow with a 5.1% CAGR over 2018-2028.

Introduction: Glycerin, also known as glycerol, is a sweet, colorless, and odorless liquid that is commonly used in a variety of applications, including food, pharmaceuticals, cosmetics, and industrial products. It is derived from vegetable or animal fats and oils and is widely used as a humectant, solvent, and sweetener.

Market Overview: The global glycerin market is expected to grow in the coming years due to increasing demand from various industries, including food, pharmaceuticals, cosmetics, and others. The growth of the food and cosmetics industry, as well as increasing demand for glycerin as a biofuel, are the key drivers of the market. The rising demand for glycerin-based products, such as antifreeze, brake fluid, and solvents, is also expected to contribute to market growth.

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This global glycerin market report consists of 20 sections that elaborate market numbers in terms of volume in Tons and value in US$ at regional and global levels. The first section of the global glycerin market report covers executive summary that elaborates on the trends being witnessed in the market from supply side as well as demand side. The next section covers the global glycerin market introduction, including taxonomy by form, grade, source and application, definitions of the segments considered and other information relevant to the market.

In the next section of the global glycerin market report, we have included market viewpoints, including macroeconomic factors, PESTLE analysis, porter's analysis, value chain analysis along with the list of distributors, manufacturers and end-users, import-export analysis of glycerin and supply-demand scenario of glycerin.

The fourth section of the global glycerin market report includes the global industry analysis by volume and value, along with pricing analysis for North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. The Fifth section of the global glycerin market report includes qualitative as well as quantitative analysis of the glycerin market by every segment of the market.

This glycerin market report focuses on analysing the market opportunities and getting a detailed understanding of the glycerin market. The glycerin market report elaborates on the regional analysis, market dynamics, market structure and competition landscape of the glycerin market for the next ten years i.e. 2018-2028.

Each section of the glycerin market report includes qualitative and quantitative assessment of the market on the basis of historical data or developments and facts and key opinions collected from various end-use industry participants through primary interviews, annual reports_bk_01_01_2020, newsletters, press releases, etc. The report on the global glycerin market studies some of the major players in the glycerin market, such as Aekyung Petrochemical Co., Ltd., Aemetis, Archer Daniel Midland, Cargill, Incorporated, Emery Oleochemicals, and Kao Corporation among others.

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Research Methodology

The initial stage of the research study included the formulation of assumptions, which are necessary for primary and secondary research. Further stages of research involved triangulation of data collected from these two approaches. To analyse the Global glycerin market trends and opportunities for glycerin manufacturers, the Global glycerin market has been segmented on the basis of form, grade, source, application and regions.

For the analysis of consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers' annual reports_bk_01_01_2020, newsletters, public reports_bk_01_01_2020 published by government as well as private agencies, World Bank's sources, Trade Map sources, etc. Further, the collected data was validated through primary research techniques that involved manufacturers, distributors, end-user procurement agencies and regional representatives.

For final analysis of market data, we considered demand side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends and production - consumption scenario of glycerin. For the forecasting of market data, we have considered the historic data for the period 2013-2017.

Glycerin Market Structure Analysis

The global glycerin market is highly consolidated as a significant share of market is held by Tier-1 players.
Moreover, disparity in raw material prices for glycerin has been observed in developed and developing regions. In developed regions, biodiesel dominates the glycerin market as a source of glycerin whereas in developing regions, fatty acid and alcohol dominates the market as a source of glycerin.
Top companies operating in the glycerin market include Aekyung Petrochemical Co., Ltd., Aemetis, Archer Daniel Midland, Cargill, Incorporated, Emery Oleochemicals, and Kao Corporation among others.
Several key players maintain strategic focus on East and South Asia markets and the report has been incorporated with the strategic developments of key players to help manufacturers make strategic decisions.

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