Global Glycerol Market – Industry Trends and Forecast to 2029

Global Glycerol Market, By Source (Biodiesel, Fatty Alcohol, Fatty Acid, Soap), Type (Crude, Refined), Downstream Application (Propylene glycol, Epichlorohydrin, Acrylic Acid, 1,3-Propanediol, Acrylonitrile), End-Use (Food & Beverage, Pharmaceutical, Nutraceutical, Personal Care & Cosmetics, Industrial, Others) – Industry Trends and Forecast to 2029.

Glycerol Market Analysis and Size

A significant increase in the consumption of low-fat food products represents one of the major factors positively influencing the growth of the glycerol market. Glycerol is formed by biodiesel and is consider as clean-burning fuel across extensive range of end user industries. Also, glycerol is a major component in manufacturing gums and resins, which are further used to produce paints and coatings. Along with, the increase in the use of personal and cosmetic products by consumers with increasing per capita income and lifestyle changes are expected to drive the market's growth rate during the forecast period.

Data Bridge Market Research analyses that the glycerol market was valued at USD in 2.55 billion 2021 and is expected to reach USD 4.20 billion by 2029, registering a CAGR of 6.45% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Glycerol Market Scope and Segmentation

Market Definition

Glycerol is a viscous, colourless, odourless, sweet-tasting and non-toxic liquid belonging to the alcohol family of organic compounds. The molecular formula of glycerol isC3H8O3. This is a simple polyol compound. The glycerol backbone is mainly found in lipids which is also known as glycerides.

Global Glycerol Market Dynamics

Drivers

• Rising demand of glycerol from the pharmaceutical sector

Glycerol is widely used in the pharmaceutical industry to improve taste and smoothness of medicines. Glycerol is added to cough syrups to prevent irritation in throats which leads to coughing. It is also used to maketablets easier to swallow. These are the major factors which increase the demand of glycerol in pharmaceutical sector are expected to boost market growth rate.

• Growing demand of glycerol in cosmetic and personal care sector

The increasing demand for glycerol in the cosmetic and personal care industry will drive the glycerol market during forecast period of 2022 to 2029. The usage in cosmetic products is similar to that of pharmaceuticals. Glycerol is used as a means of providing lubrication, and improving smoothness due to this it is used in several personal care products such as in skincare products, hair care products, soaps, shaving cream and water-based personal lubricants. Furthermore, the rising urbanization and the increasing disposable income of various individuals over all the globe which have led to a rise in the sales of personal and cosmetics care products. Hence, these factors will significantly shape the growth of the glycerol market.

Furthermore, growing preferences of consumer towards eco-friendly products, rising demand of product from several end-user industries, and prevalence of favorable government regulations are other major factors expected to boost the growth of the glycerol market during the forecast period of 2022-2029. 

Opportunities

• Increasing consumer awareness regarding glycerol benefits

There are several benefits of glycerol such as improving athletic performance, constipation and also used for certain skin conditions. It is also used for ear infections, stroke, obesity and many other conditions. Therefore, growing consumer awareness regarding benefits and rising application of Glycerol is expected to create lucrative opportunities for the targeted market in the developing and developed regions.

Furthermore, the rising production of glycerol for commercial usage will also create several opportunities, leading to the growth of the glycerol market during the forecast period.

Restraints/ Challenges

• Cost Issues associated with glycerol market

Fluctuation in the prices of raw material and easy availability of substitute product are some major factors acting as market restraints for the growth of the glycerol market during the forecast period of 2022-2029.

This glycerol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glycerol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In March 2021, Austrian refiner AMV will construct a pilot plant to produce advanced biofuels by using waste-based glycerol at its 200,000 bld schwechat refinery from 2023. The facility will use a catalyst to form around 1.23 mnl/year of propanol from glycerol, derivative or waste product of biodiesel. According to AMU around 1.2 l of litre of crude glycerol required to produce a litre of propanol.
• In March 2021, Nanyang Technological University (NTU) scientists made an antibacterial gel bandage using waste husks of the popular tropical fruit Durian. They extract high quality cellulose from the Durian husks and combine it with glycerol NTU. Scientists produced a soft gel, similar to silicon sheets which can be cut into several shapes and sizes of bandages.

Global Glycerol Market Scope

The glycerol market is segmented on the basis of source, type, downstream application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Biodiesel
• Fatty Alcohol
• Fatty Acid
• Soap

Type

• Crude
• Refined

Downstream Application

• Propylene glycol
• Epichlorohydrin
• Acrylic Acid
• 1,3-Propanediol
• Acrylonitrile

End-Use

• Food & Beverage
• Pharmaceutical
• Nutraceutical
• Personal Care & Cosmetics
• Industrial
• Others

Glycerol Market Regional Analysis/Insights

The glycerol market is analysed and market size insights and trends are provided by country, source, type, downstream application and end user as referenced above.

The countries covered in the glycerol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the glycerol market in terms of revenue and market share due to the growing applications from several end-use industries such as nutraceuticals, pharmaceuticals, personal care and cosmetics along with the rising consumer spending and increasing adoption of healthy lifestyle in this region

Europe is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the growth of numerous industries such as personal care, food & beverages and pharmaceuticals in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Glycerol Market Share Analysis

The glycerol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glycerol market.

Some of the major players operating in the glycerol market are:

• Procter & Gamble (U.S.)
• Solvay (Belgium)
• Unilever (England)
• Estelle Chemicals Pvt. Ltd.  (India)
• Dow (U.S.)
• Lonza (Switzerland)
• MOHINI ORGANICS PVT. LTD. (India)
• Sakamoto Yakuhin Kogyo Co., Ltd., (Japan)
• Godrej Industries Limited (India)
• THE HERSHEY COMPANY (U.S.)
• Stepan Company (U.S.)
• Cargill, Incorporated (U.S.)
• The Good Scents Company (U.S.)
• Sakamoto Yakuhin Kogyo Co., Ltd. (Japan)
• Spiga Nord S.p.A. (Italy)
• Parchem fine & Specialty Chemicals (U.S.)
• BASF SE (Germany)