Global Glycerin Market Analysis, Trends and Forecast (2023-2028): CAGR Growth Rate of 5.1% Expected in the Next Decade

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.

Global Industry Analysis

Glycerin is a sweet-tasting, colorless, odorless, and viscous liquid that is widely used in various industries such as food and beverage, pharmaceuticals, personal care, and cosmetics. It is a by-product of the soap and biodiesel production process and is derived from natural sources such as vegetable oils and animal fats. The global glycerin market has experienced steady growth over the years due to the increasing demand for glycerin in various end-use applications.

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.

Drivers, Restraints and Challenges:

Drivers:

• Increasing demand from various end-use industries such as cosmetics, pharmaceuticals, and food and beverage.
• Growing usage of bio-based glycerin as a substitute for petrochemical-based glycerin.
• Rising demand for glycerin in the production of biofuels due to its high energy content.

Restraints:

• Fluctuations in raw material prices and availability.
• Stringent regulations related to the production and use of glycerin.
• Limited availability of skilled labor and technological advancements in the production of glycerin.

Challenges:

• Developing sustainable production methods to minimize the impact on the environment.
• Meeting the growing demand for high-quality glycerin with consistent quality and purity.
• Developing cost-effective methods for glycerin production, especially in developing countries.

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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.

Key Companies:

• BASF SE
• DowDupont
• Croda International Ple
• Huntsman Corporation
• Shanghai Fine Chemical Co., Ltd
• Pilot Chemical Company
• Galaxy Surfactants
• SEPPIC S.A.
• LG Hosehold & Healthcare Lid
• Others

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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