Press release
Glycerol Market Expected to Reach USD 5.93 Bn. by 2032.
Glycerol Market
Global Glycerol Market Growth
The global glycerol market was valued at USD 3.39 billion in 2024 and is projected to reach approximately USD 5.93 billion by 2032, expanding at a CAGR of 7.23% during 2025‐2032.
Glycerol (or glycerin) is a colorless, odorless, multifunctional liquid extensively used across pharmaceutical, personal care, food & beverage, and industrial sectors due to its moisturizing, stabilizing, and sweetening properties.
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►Competitive Landscape
Major players include Cargill, Procter & Gamble Chemicals, Wilmar International, BASF SE, Godrej Industries, Emery Oleochemicals, IOI Oleochemical, Kao Corporation, and Croda International. The competitive landscape shows a mix of global leaders, market followers, and emerging players with strong presence in refined glycerol segments.
Higher demand is seen in Asia‐Pacific, which dominated the global market in 2024, followed by North America and Europe.
►Regional Insights
♦ United States - Growth & Opportunity
The U.S. glycerol market is witnessing steady growth, spurred by increased biodiesel production and expanding applications in pharmaceuticals and personal care. Technological adoption in refining and sustainable sourcing is accelerating market traction.
Consolidation & Updation
In late 2023, a significant merger in the biodiesel sector enhanced glycerol production capacity in North America, signaling strategic consolidation and efficiency gains . Cargill and ADM continue to invest in renewable feedstocks and purification technologies.
♦ Asia‐Pacific - Trends & Consolidation
Asia‐Pacific dominates the market with a share estimated around 36‐48%, growing at CAGRs between 6.7% and 7.2%, depending on the source. Demand is fuelled by booming biodiesel, personal care, and food processing industries in China, India, and Southeast Asia.
Opportunity & Updation
Major players like Wilmar International, Godrej Industries, and Emery Oleochemicals are expanding refining capacities to cater to regional and export demand. Investments in sustainable biodiesel-linked glycerol supply chains are ongoing.
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♦ Europe - Opportunity & Trends
Europe stands as the second-largest regional market (~29% revenue share in 2022). Growth is driven by demand in personal care, pharmaceuticals, and food applications.
Growth & Updation
European companies such as Kao Corporation (via its European feed) and regional players have advanced glycerol purification tech in response to strict EU environmental regulations implemented in mid‐2023.
♦ Middle East & Africa - Growth & Consolidation
Though smaller in scale, the Middle East & Africa glycerol derivatives market is expected to grow from USD 1,407.5 million in 2022 to USD 2,041.9 million by 2030, at a CAGR of 4.8%.
Opportunity & Trends
Growth is concentrated in South Africa and GCC economies, driven by rising industrial chemical and food & beverage applications.
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► Market Segmentation: In-Depth Analysis:
by Type
Crude
Refined
by Source
Biodiesel
Fatty Acids
Fatty Alcohols
Soap Industry
by Application
Food & Beverage
Pharmaceutical
Nutraceutical
Personal Care & Cosmetics
Industrial
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-glycerol-market/34532/
► Learn about the top players driving innovation in the Market :
North America
1. Cargill, Incorporated (United States)
2. ADM - Archer Daniels Midland Company (United States)
3. Procter & Gamble (United States)
4. Emery Oleochemicals (United States)
5. Vantage Specialty Chemicals (United States)
6. Twin Rivers Technologies (United States)
Europe
7. IOI Oleo GmbH (Germany)
8. Oleon NV (Belgium)
9. Caldic B.V. (Netherlands)
10. CREMER OLEO GmbH & Co. KG (Germany)
11. Solventis Ltd. (United Kingdom)
12. KLK OLEO (Germany)
13. Wilmar Oleochemicals GmbH (Germany)
Asia Pacific
14. Wilmar International Limited (Singapore)
15. Musim Mas Group (Indonesia)
16. Godrej Industries (India)
17. IOI Corporation Berhad (Malaysia)
18. Vance Group (Malaysia)
19. Jiangsu Zhengdan Chemical Industry Co., Ltd. (China)
20. Hangzhou Oleochemicals Co., Ltd. (China)
21. Shandong Hengxin Chemical Co., Ltd. (China)
Middle East & Africa
22. Sasol Limited (South Africa)
23. Saudi Kayan Petrochemical Company (Saudi Arabia)
24. Wilmar Africa Limited (Ghana)
South America
25. Granol Indústria, Comércio e Exportação S.A. (Brazil)
26. Bunge Brasil (Brazil)
27. Petrobras (Brazil)
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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