Glycerin Market

The global Glycerin Market size is expected to reach USD 4.81 Billion in 2032 registering a CAGR of 6.1%

VANCOUVER, BRITISH COLUMBIA, CANADA, June 5, 2024 /EINPresswire.com/ -- The global Glycerin market size was USD 2.68 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.1% during the forecast period. Rising demand for glycerin in manufacturing personal care and pharmaceutical products is a key factor driving market revenue growth.

Emergen Research’s latest market research report focuses on the global Glycerin market, and the report provides in-depth analysis of each of its major segments. Reports about the global Glycerin market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Market Drivers :

Rising Demand in Pharmaceuticals and Personal Care
Glycerin is extensively used in the pharmaceutical and personal care industries due to its humectant, emollient, and moisturizing properties. It is a key ingredient in creams, lotions, toothpaste, and other personal care products. In the pharmaceutical industry, glycerin is used as a solvent, sweetening agent, and in cough syrups and capsules. The increasing consumer awareness regarding personal hygiene and healthcare is driving the demand for glycerin in these sectors.

Growth in Biodiesel Production
The growth in biodiesel production is a significant driver of the glycerin market. Glycerin is a byproduct of biodiesel production, and the rising demand for biodiesel as a sustainable and renewable energy source has led to an increase in glycerin supply. Governments and environmental regulations promoting the use of biodiesel over conventional fossil fuels are further boosting this trend, contributing to the growth of the glycerin market.

Expanding Food and Beverage Industry
In the food and beverage industry, glycerin is used as a sweetener, humectant, and preservative. It is found in a variety of products, including baked goods, confectionery, beverages, and dairy products. The increasing demand for processed and convenience foods, along with the trend towards natural and bio-based food additives, is driving the use of glycerin in this industry.

ADM, Aemetis, Inc., BASF SE, Cargill, Incorporated, Dow, Emery Oleochemicals, Godrej Industries Limited, IOI& Corporation Berhad, Kao Corporation, KLK OLEO, Louis Dreyfus Company, Münzer Bioindustrie GmbH, Musim Mas, Oleon NV, Renewable Biofuels, Croda International Plc, Wilmar International Ltd, Procter & Gamble, Solvay, and Quaker Chemical Corporation

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The Global Glycerin Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

For the purpose of this report, Emergen Research has segmented the global glycerin market on the basis of Grade, Source Application and Region:

Grade Outlook (Revenue USD Billion; 2019-2032)
Crude Glycerin
Refined Glycerin
· Source Outlook (Revenue, USD Billion; 2019-2032)
Biodiesel
Fatty Acids
Fatty Alcohols
Others

Applications Outlook (Revenue, USD Billion; 2019-2032)
Personal Care
Moisturizer
Emollient
Hair care
Food and beverage
Sweetener
Humectant
Solvent
Pharmaceuticals
Tobacco Humectants
Industrial Chemicals
Others

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Global Glycerin Market has been classified into the subsequent geographical segments:

North America (U.S., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.

The report offers the present scenario and future growth prospects Market in various geographical regions.

The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.

The SWOT analysis is conducted along with Porter's Five Force analysis.

The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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