Glycerol Market Synopsis

Glycerol Market Size Was Valued at USD 2.6 Billion in 2023, and is Projected to Reach USD 3.45 Billion by 2032, Growing at a CAGR of 3.2% From 2024-2032.

Glycerine, also known as glycerol, is a water-soluble liquid with sweet taste. It is colourless, odourless and viscous. It is a by-product of two independent processes: hydrolysis and transesterification. The former is used for soap and fatty acid production while the latter is the process in which biodiesel is produced.

• The usual production rate is 10% of glycerine per unit of biodiesel. What comes out of the transesterification process is, so called, crude glycerine with 40-90% of glycerine content. This by-product is then refined to increase the content of glycerine to 99.5% or 99.7%. There are three grades of refined glycerine on the market: technical one, used in the production of chemicals but not intended for human consumption, USP (United States Pharmacopeia) grade which is suitable for use in food or pharmaceuticals and Kosher grade glycerine, coming from plant oil sources and thus suitable for kosher food production.
• A critical increment within the utilization of low-fat nourishment items speaks to one of the major variables emphatically affecting the development of the glycerol advertise. Glycerol is shaped by biodiesel and is consider as clean-burning fuel over broad extend of conclusion user industries. Also, glycerol may be a major component in fabricating gums and resins, which are further used to deliver paints and coatings.
•  Alongside, the increment within the utilize of individual and corrective items by shoppers with expanding per capita salary and way of life changes are anticipated to drive the market's development rate amid the figure period. In expansion to the bits of knowledge on advertise scenarios such as showcase esteem, development rate, division, geological scope, and major players, the showcase reports curated moreover incorporate in-depth master investigation, topographically spoken to company-wise generation and capacity, organize formats of merchants and accomplices, nitty gritty and upgraded cost slant examination and shortfall investigation of supply chain and request.

Glycerol Market Trend Analysis

Demand from Personal Care and Pharmaceuticals

• Glycerol plays a significant part within the individual care and pharmaceutical businesses due to its flexible properties. In individual care items, such as moisturizers, creams, and cleansers, glycerol is esteemed for its capacity to hold dampness, making it a successful moisturizing operator. It makes a difference to hydrate the skin by drawing water from the discuss and into the external layers of the skin, clearing out it delicate and smooth. Moreover, glycerol's non-toxic and hypoallergenic nature makes it appropriate for a wide run of skincare definitions, counting those designed for touchy skin. Within the pharmaceutical division, glycerol is utilized as a dissolvable, sweetener, and humectant in different definitions.
•  Its capacity to break up dynamic fixings, stabilize details, and give sweetness without advancing tooth rot makes it a profitable component in verbal drugs, syrups, and other restorative items. The developing buyer request for skincare and healthcare items that advance hydration and wellness proceeds to drive the request for glycerol in these businesses.

Opportunity

Biodegradable and Renewable Sources

• The developing worldwide accentuation on maintainability and natural duty has driven to an expanding request for items inferred from renewable and biodegradable sources. In this setting, glycerol, when created from plant oils or through green chemistry strategies, has picked up noteworthy ubiquity. Not at all like glycerol created from petrochemical sources, plant-based glycerol is considered more eco-friendly, because it is inferred from renewable assets such as soybeans, palm oil, and other vegetable oils. Green chemistry strategies assist improves the request of glycerol by decreasing or disposing of the utilize of unsafe substances amid its generation.
• This move towards renewable glycerol adjusts with the broader advertise slant of receiving maintainable hones, especially in businesses like makeup, pharmaceuticals, and nourishment, where customers are progressively favoring items that are both compelling and naturally cognizant. As a result, glycerol from biodegradable and renewable sources is getting to be a favored choice, contributing to the development of the glycerol advertise and supporting the worldwide thrust towards a more feasible future.

Glycerol Market Segment Analysis:

Glycerol market is segmented on the basis of Source, Product, Application

By Source, biodiesel Segment Is Expected to Dominate the Market During the Forecast Period

By Source it is segmented as

• Among the different sources of glycerol, biodiesel is the prevailing source due to the large-scale generation and request for biodiesel as a renewable vitality elective. Amid the generation of biodiesel through the transesterification prepare, glycerol is produced as a critical by-product, bookkeeping for around 10% of the overall yield. This significant surrender makes biodiesel the driving donor to the worldwide glycerol supply. The rise in biodiesel generation, driven by natural concerns, government motivations, and arrangements advancing renewable vitality, has led to an copious supply of glycerol within the showcase.
• Compared to other sources like greasy alcohols, greasy acids, and cleanser generation, which create glycerol in littler amounts, biodiesel generation is more financially beneficial and versatile, permitting it to meet the developing mechanical request for glycerol. Thus, glycerol determined from biodiesel overwhelms the showcase, giving a relentless and cost-effective supply that bolsters different applications over businesses.

By Application, BBB Segment Held the Largest Share In 2023

By Application it is segmented as

• Among the different applications of glycerol, the personal care and cosmetics products segment is overwhelming. This dominance is driven by the broad utilize of glycerol in an assortment of items such as salves, creams, cleansers, shampoos, and toothpaste, where it acts as a humectant, moisturizer, and emollient. Glycerol’s capacity to pull in and hold dampness makes it a basic fixing in details planned to keep skin and hair hydrated and solid. Moreover, its non-toxic, non-irritating properties make it reasonable for a wide extend of skin sorts, counting touchy skin, assist boosting its request in individual care items.
• The development of the worldwide excellence and individual care industry, fueled by expanding shopper mindfulness of skincare and preparing, beside rising expendable salaries, especially in developing markets, has essentially expanded the utilize of glycerol in this segment. Whereas glycerol is additionally vital in pharmaceuticals, nourishment and refreshments, and mechanical applications, the individual care and makeup industry reliably leads in glycerol utilization due to its wide application extend, the huge volume of items created, and the steady request for moisturizing and hydrating fixings.

Glycerol Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia-Pacific region is currently dominating the glycerol market. This dominance is driven by several key factors. First, the region is home to some of the world's largest producers of palm oil and biodiesel, both of which are primary sources of glycerol as a byproduct. Countries like Malaysia and Indonesia, in particular, are major players in palm oil production, which directly contributes to the availability of glycerol in the region. Additionally, the Asia-Pacific region has seen rapid industrialization and growth in the personal care, pharmaceutical, and food and beverage sectors, all of which are significant consumers of glycerol.
• The demand for glycerol in these industries is driven by its wide range of applications, including as a humectant, emulsifier, and sweetener. Moreover, the growing population and rising disposable incomes in countries such as China, India, and Southeast Asian nations further fuel the demand for glycerol-based products, reinforcing the region's leading position in the global market.

Glycerol Market Active Players

• Archer Daniels Midland Company (ADM) (United States)
• Cargill, Incorporated (United States)
• The Dow Chemical Company (United States)
• BASF SE (Germany)
• Emery Oleochemicals Group (Malaysia)
• Wilmar International Limited (Singapore)
• P&G Chemicals (United States)
• Oleon NV (Belgium)
• IOI Group Berhad (Malaysia)
• KLK Oleo (Malaysia)
• Kao Corporation (Japan)
• Godrej Industries Limited (India)
• Sakamoto Yakuhin Kogyo Co., Ltd. (Japan)
• Vantage Specialty Chemicals (United States)
• Croda International Plc (United Kingdom)
• Evonik Industries AG (Germany)
• Akzo Nobel N.V. (Netherlands)
• Repsol S.A. (Spain)
• Sasol Limited (South Africa)
• Musim Mas Holdings Pte. Ltd. (Singapore)
• Pacific Oleochemicals Sdn Bhd (Malaysia)
• Zhejiang Medicine Co., Ltd. (China)
• Shandong Jiahua Chemical Co., Ltd. (China)
• DowDuPont Inc. (United States)
• Solvay S.A. (Belgium) and Other Active Members.

Key Industry Developments in the Glycerol Market:

• In July 2023, Louis Dreyfus Company announced its expansion of refining capacity in Indonesia. This plan includes the addition of a new glycerine refining capacity in the country.
• In May 2023, BASF SE announced 1-year completion of converting glycerol to renewable propylene glycol (BioPG) by ORLEN Poludine, a biofuels company in Poland. ORLEN Poludine uses BASF’s technology for this conversion of glycerol to BioPG.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. GLYCEROL MARKET BY SOURCE (2017-2032)
   1. GLYCEROL MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BIODIESEL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. FATTY ALCOHOLS
   5. FATTY ACIDS
   6. SOAP
7. GLYCEROL MARKET BY PRODUCT (2017-2032)
   1. GLYCEROL MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CRUDE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. REFINED
8. GLYCEROL MARKET BY APPLICATION (2017-2032)
   1. GLYCEROL MARKET OVERVIEW
   2. FOOD & BEVERAGE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   3. PHARMACEUTICAL
   4. NUTRACEUTICAL
   5. PERSONAL CARE & COSMETICS
   6. INDUSTRIAL
   7. OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. Glycerol Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. ARCHER DANIELS MIDLAND COMPANY (ADM) (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. CARGILL, INCORPORATED (UNITED STATES)
   4. THE DOW CHEMICAL COMPANY (UNITED STATES)
   5. BASF SE (GERMANY)
   6. EMERY OLEOCHEMICALS GROUP (MALAYSIA)
   7. WILMAR INTERNATIONAL LIMITED (SINGAPORE)
   8. P&G CHEMICALS (UNITED STATES)
   9. OLEON NV (BELGIUM)
   10. IOI GROUP BERHAD (MALAYSIA)
   11. KLK OLEO (MALAYSIA)
   12. KAO CORPORATION (JAPAN)
   13. GODREJ INDUSTRIES LIMITED (INDIA)
   14. SAKAMOTO YAKUHIN KOGYO CO., LTD. (JAPAN)
   15. VANTAGE SPECIALTY CHEMICALS (UNITED STATES)
   16. CRODA INTERNATIONAL PLC (UNITED KINGDOM)
   17. EVONIK INDUSTRIES AG (GERMANY)
   18. AKZO NOBEL N.V. (NETHERLANDS)
   19. REPSOL S.A. (SPAIN)
   20. SASOL LIMITED (SOUTH AFRICA)
   21. MUSIM MAS HOLDINGS PTE. LTD. (SINGAPORE)
   22. PACIFIC OLEOCHEMICALS SDN BHD (MALAYSIA)
   23. ZHEJIANG MEDICINE CO., LTD. (CHINA)
   24. SHANDONG JIAHUA CHEMICAL CO., LTD. (CHINA)
   25. DOWDUPONT INC. (UNITED STATES)
   26. SOLVAY S.A. (BELGIUM)
10. GLOBAL GLYCEROL MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Source
       4. Historic And Forecasted Market Size By Product
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
       1. 1. Thailand
          2. Vietnam
          3. The Philippines
          4. Australia
          5. New-Zealand
          6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    4. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
13. INVESTMENT ANALYSIS
14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies