Press release
2025-2034 Polyglycerol Market Roadmap: Insights for Competitive Advantage
Polyglycerol
How Large Will the Polyglycerol Market Size By 2025?
There has been a robust expansion in the capacity of the polyglycerol market in recent times. The market is projected to swell from $2.48 billion in 2024 to $2.7 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.8%. The considerable growth in the past period is due to the increase in demand for biodegradable items, escalating consumer consciousness, regulatory backing, growth in the personal care sector, and substantial investments in research and development.
How Big Is the Polyglycerol Market Size Expected to Grow by 2029?
The market for polyglycerol is anticipated to experience significant growth in the upcoming years, with its size potentially expanding to $3.88 billion by 2029, at a compound annual growth rate (CAGR) of 9.6%. This projected growth can be credited to factors such as a rise in biopolymer uses, progress in green chemistry, the booming cosmeceuticals industry, and the growing pharmaceutical sector. The key trends predicted to be influential throughout this period include developments in bio-based materials, innovations in surfactants, effects of global population growth, an increase in consumer desire for sustainable products, and several partnerships and alliances.
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Which Key Market Drivers Powering Polyglycerol Market Expansion and Growth?
The growth of the polyglycerols market is anticipated to be fueled by their growing application within the healthcare sector. This industry, which incorporates medical services, the production of medical supplies and medications, and health insurance and care delivery, uses polyglycerols as emulsifiers, dispersants, and penetrating agents in medicines, as well as emulsifying agents in ointments, tablets, oral solutions, and injections. Hence, the expanded use of polyglycerols in healthcare is propelling the polyglycerols market. For instance, a U.S based federal body under the U.S Department of Health and Human Services, the Centres for Medicare & Medicaid Services (CMS), inferred in their March 2022 National Health Expenditure (NHE) report that the yearly rise in national health spending might average 5.1% from 2021 to 2030, hitting an estimated USD 6.8 trillion by 2030. Consequently, the escalating use of polyglycerols in the healthcare sector is boosting the polyglycerols market growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Polyglycerol Market?
The emergence of product innovations is a prime trend gaining traction in the polyglycerol market. Major firms active in this market are concentrating on crafting novel solutions to preserve their market standing. For example, in October 2023, BASF SE, a chemical company based in Germany, unveiled its bio-based polymer, EcoPAX. This innovation is targeted for use in sustainable packaging solutions and provides improved performance while diminishing its environmental impact. Derived from renewable resources, EcoPAX aims to fulfill the rising demand for green materials in the packaging sector.
What Are the Emerging Segments in the Polyglycerol Market?
The polyglycerol market covered in this report is segmented -
1) By Type: Polyglycerol Polyricinoleate, Polyglycerol Esters, Polyglycerol Sebacate
2) By Application: Food Additives, Emulsifiers, Stabilizers, Other Applications
3) By End-Use: Food And Beverage, Personal Care And Cosmetics, Pharmaceuticals, Other End Users
Subsegments:
1) By Polyglycerol Polyricinoleate: Food Grade, Industrial Grade
2) By Polyglycerol Esters: Polyglycerol Monostearate, Polyglycerol Distearate, Polyglycerol Tristearate
3) By Polyglycerol Sebacate: Cosmetic Grade: Pharmaceutical Grade
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Who Are the Global Leaders in the Polyglycerol Market?
Major companies operating in the polyglycerol market include Sakamoto Yakuhin kogyo Co Ltd., Spiga Nord S p A, Lonza Group, Taiyo Kagaku Co Ltd., Estelle Chemicals Pvt Ltd., SPELL ORGANICS LTD, Oleon NV, Croda International Plc, Binzhou GIN&ING New Material Technology, Abitec Corporation, Daicel Corporation, Riken Vitamin Co. Ltd., Cargill Incorporated, Savannah Surfactants, INOVYN, BASF SE, NOVEL CHEM, Jinan Dowin Chemical Technology Co Ltd., Mitsubishi Chemical Holdings Corporation, Mohini Organics Pvt Ltd., Palsgaard, DuPont, Foodchem International Corporation, Venus Ethoxyethers Pvt. Ltd, Stepan Company, Merck KGaA, Procter & Gamble, Solvay S.A., Unilever plc
Which are the Top Profitable Regional Markets for the Polyglycerol Industry?
Asia-Pacific was the largest region in the polyglycerol market in 2024. The regions covered in the polyglycerol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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