Glycerin Market Growth, Industry Trends, Outlook 2023-2028

 Global Glycerin Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global glycerin market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global glycerin market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028. 

The increasing popularity of biodiesel as a sustainable source of energy is propelling the growth of the market. The production of biodiesel often involves the transesterification of vegetable oils or animal fats, resulting in biodiesel as the main product and glycerin as a byproduct. The rising implementation of stringent regulations associated with vehicular emissions by governing agencies of various countries is also encouraging the utilization of biodiesel in the automotive industry. Apart from this, advancements in biodiesel production technologies are increasing the production of glycerin as a byproduct.

The cosmetics and personal care industry highly relies on glycerin for various purposes. The moisturizing properties of glycerin make it a key ingredient in various skincare and beauty products. Moreover, with the rising awareness about personal grooming and wellness, the demand for glycerin in cosmetics is increasing. When applied to the skin, glycerin draws water from the air and underlying layers of the skin, keeping the skin hydrated. This makes it effective in preventing dryness and maintaining skin elasticity. It forms a protective layer on the surface of the skin, reducing water loss and protecting the skin from environmental factors that can contribute to dryness and irritation.

Glycerin is used in the food and beverage (F&B) industry as a sweetener, preservative, and humectant. Moreover, with changing consumer preferences and the demand for healthier food options, food manufacturers are increasingly incorporating glycerin into various products. Glycerin can also enhance the texture and mouthfeel of various food products. It contributes to a smooth and creamy texture in products like ice cream, frozen desserts, and certain confections. Furthermore, the rising employment of glycerin as a solvent to dissolve various ingredients, including flavors and colors, is bolstering the market growth.     

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Global Glycerin Market Trends and Drivers:

The growing advances in technology are improving the efficiency of glycerin production processes, making them more cost-effective. Additionally, innovations in downstream processing and purification techniques are enhancing the quality of glycerin, expanding its range of applications, and increasing its attractiveness to various industries.

Moreover, the growing environmental concerns and the implementation of stringent regulations about emissions and waste disposal are encouraging industries to adopt cleaner technologies. Furthermore, the rising availability of various feedstocks for the production of biodiesel is bolstering the growth of the market.

Global Glycerin Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are:

Archer-Daniels-Midland Company, Avril Group, BASF SE, Cargill Incorporated, Croda International PLC, Emery Oleochemicals (PTT Global Chemical Public Company Limited), Godrej Industries Limited, IOI Corporation Berhad, Kao Corporation, Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., The Procter & Gamble Company and Wilmar International Limited.

The report segmented the market on the basis of region, process, grade, source and application.

Breakup by Process:

• Transesterification
• Saponification
• Fat Splitting

Breakup by Grade:

• USP Grade
• Technical Grade

Breakup by Source:

• Biodiesels
• Fatty Acids
• Others

Breakup by Application:

• Pharmaceuticals
• Food and Beverages
• Personal Care and Cosmetics
• Industrial Chemicals
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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