Global Glycerol Derivatives Market Worth $21.97 Billion by 2029, Growing at 6.5% CAGR

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Glycerol Derivatives Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size of glycerol derivatives has seen robust growth in the past few years. The scale is expected to expand from $16.11 billion in 2024 to $17.1 billion in 2025, registering a compound annual growth rate (CAGR) of 6.1%. This growth during the historic period is primarily due to factors such as enhanced glycerol production, heightened emphasis on sustainability and carbon footprint reduction, increasing demand from the pharmaceutical and cosmetic sectors, and greater usage of glycerol.

What Is the Expected CAGR for the Glycerol Derivatives Market Growth Through 2029?
The market size for glycerol derivatives is projected to experience significant expansion in the upcoming years, reaching a value of $21.97 billion in 2029 with a compound annual growth rate (CAGR) of 6.5%. The predicted growth during the forecast period is due to a heightened emphasis on sustainability and renewable resources, greater industrial development, rising biodiesel production, and increased demand for eco-friendly chemicals, as well as growing stocks. Key trends for the forecast period encompass innovative materials, healare breakthroughs, developments in green chemistry technologies, scalable and modular manufacturing systems, and strategic partnerships and collaborations.

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What Are the Primary Drivers Behind Glycerol Derivatives Market Growth?
The growth of the glycerol derivatives market is anticipated to surge in response to the expanding food and beverage industry. This industry spans the creation, processing, distribution, and commercialization of food and drink items. Factors such as urban growth, economic progress, flourishing incomes, health-conscious trends, globalization, and the sway of social media have contributed to the industry's expansion. Glycerol derivatives play an essential role in the food and beverage sector, contributing substantially to product quality, stability, and customer attraction. For example, according to the National Association of Convenience Stores (NACS) data, the total industry foodservice sales contributed 26.9% of in-store sales in 2023, an increase from 25.6% in 2022. Prepared food sales showed a growth average of 12.2% per store per month, thus dominating in-store sales. Furthermore, the British Soft Drinks Association's 2024 ANNUAL REPORT reveals that the consumption volume of soft drinks escalated from 14,114 million liters in 2021 to 15,343 million liters in 2023, hitting an intermediate peak of 14,912 million liters in 2022. Hence, the progression of the food and beverage industry fuels the glycerol derivatives market growth.

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What Are the Key Segments Driving Glycerol Derivatives Market Growth?
The glycerol derivatives market covered in this report is segmented -

1) By Product: 4-(Hydroxymethyl)-1 3-Dioxolan-2-One, Polyglycerol, Propane-1 2 3-Triyl Triacetate, 1 3 Propanediol, Propylene Glycol, Other Products
2) By Grade: Bio-Based, Petroleum-Based
3) By End-Use: Food And Beverage, Pharmaceuticals, Cosmetics And Personal Care, Construction, Other End-Users

Subsegments:
1) By 4-(Hydroxymethyl)-1,3-Dioxolan-2-One: Industrial-Grade, Pharmaceutical-Grade
2) By Polyglycerol: Polyglycerol-4, Polyglycerol-6, Polyglycerol-10, Others
3) By Propane-1,2,3-Triyl Triacetate: Food-Grade, Pharmaceutical-Grade, Industrial-Grade
4) By 1,3 Propanediol: Bio-Based 1,3 Propanediol, Petroleum-Based 1,3 Propanediol
5) By Propylene Glycol: Food-Grade Propylene Glycol, Pharmaceutical-Grade Propylene Glycol, Industrial-Grade Propylene Glycol
6) By Other Products: Glycerol Esters, Glycerol Monoesters, Glycerol Fatty Acid Esters, Other Glycerol Derivatives

What Are the Technological Trends Impacting the Glycerol Derivatives Market?
To increase the effectiveness and attractiveness of their offerings, key companies in the glycerol derivatives market are concentrating on the creation of innovative products like wax-based pearlizers. These additives use glycerol derivatives such as glycerol oleate to provide personal care products with opacifying and pearlescent features. BASF SE, a chemical firm based in Germany, for example, introduced Euperlan NL Pearl, a COSMOS-compliant, wax-based pearlizer for rinse-off applications, in December 2022. This innovative pearlizer, which is both easily biodegradable and suitable for ethylene oxide and sulfate-free surfactant solutions, is made up of naturally derived ingredients like hydrogenated vegetable oil, cocamidopropyl betaine, and glyceryl oleate. Glycerol oleate, a glycerol derivative, serves as an emulsifier, emollient, and skin conditioning agent, giving the pearlizer excellent performance in hair care applications, such as wet and dry combing tests, anti-hair breakage assessments, and suppleness evaluations.

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Who Are the Major Competitors in the Global Glycerol Derivatives Market?
Major companies operating in the glycerol derivatives market are Shell Plc, Cargill Incorporated, Archer Daniels Midland Company, BASF SE, The Procter & Gamble Company, The Dow Chemical Company, ThyssenKrupp AG, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, Merck KGaA, Evonik Industries AG, Solvay SA, Sasol Limited, Arkema SA, Akzo Nobel N.V., Kerry Group plc, Huntsman Corporation, Lonza Group AG, Nouryon, Clariant AG, Stepan Company, Croda International Plc, Tokyo Chemical Industry Co. Ltd., Sakamoto Yakuhin Kogyo Co. Ltd., Acuro Organics Limited, Haihang Industry Co. Ltd.

Which Region Dominates the Glycerol Derivatives Market Share in 2025?
Asia-Pacific was the largest region in the glycerol derivatives market in 2024. The regions covered in the glycerol derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This release was published on openPR.