The global Glycerol market size is expected to be worth around US$ 8.7 billion by 2030, according to a new report by Vision Research Reports.
The global Glycerol market size was valued at US$ 4.4 billion in 2020 and is anticipated to grow at a CAGR of 7.4% during forecast period 2021 to 2030.
|Market Size||USD 8.7 billion by 2030|
|Growth Rate||CAGR of 7.4% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Source, type, end-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Cargill Incorporated; BASF SE; Procter & Gamble Chemicals; Oleon NV; KLK OLEO; Dow Chemical Company; ADM; Wilmar International Ltd.; Pacific Oleochemicals Sdn Bhd; Kao Corporation; Emery Oleochemicals; United Coconut Chemicals, Inc.; Godrej Industries Limited; Monarch Chemicals Limited; Aemetis Inc.; CREMER OLEO GmbH & Co. KG; Sakamoto Yakuhin Kogyo Co., Ltd.; Fine Chemicals & Scientific Co|
Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in plants and animals. growing consumption of convenience foods, and the rising number of working women in the region are anticipated to boost the food and beverage market in the predicted years. This, in turn, is anticipated to drive the demand for glycerol in the region.
By Source Analysis
Biodiesel was the dominating source segment in the market for glycerol in 2020 and accounted for the largest revenue share of 60.5%. The segment is anticipated to witness a CAGR of 7.3% in the coming years.
The soap segment accounted for more than 10.0% of the revenue share in 2020. This is attributed to increasing demand for soaps mainly in the personal care application, as it imparts moisture to the skin, which is anticipated to positively impact market growth over the forecast period.
The fatty alcohols segment is predicted to witness the highest CAGR in the forecast period. This is attributed to its wide usage in the manufacturing of surfactants and detergents. Also, they are used as industrial solvents and as components in the cosmetics, and food and beverage industries.
By Type Analysis
The refined segment dominated the market for glycerol and accounted for the largest revenue share of 76.0% in 2020. Refined glycerin is a colorless, odorless, water-soluble, viscous liquid with a high boiling point.
Refined glycerol is generated through laboratory-controlled hydrolysis, transesterification, and saponification processes. It is derived from several kinds of vegetable oils. Further refining of crude glycerol depends on the economics and the availability of production facilities in a particular region.
The crude segment is predicted to witness a CAGR of 7.9% in the predicted years. Crude glycerol mostly contains impurities such as free fatty acids and methanol, making it a less preferred product in the market for glycerol.
By End-use Analysis
The personal care and cosmetics segment dominated the market for glycerol and accounted for the largest revenue share of 41.8% in 2020. This is attributed to an increase in demand for personal care and pharmaceutical products as a result of improving lifestyle, coupled with increasing health awareness among the population in emerging economies across the Asia Pacific and Latin America.
The pharmaceutical segment is projected to witness the most significant CAGR in the forecast period. This is attributed to the usage of the product in pharmaceuticals owing to its nutritive value and healing properties.
By Regional Analysis
Asia Pacific dominated the glycerol market and accounted for the largest revenue share of 36.0% in 2020. The region is predicted to witness the highest CAGR of 6.9% in the coming years. This is attributed to changing lifestyle patterns, growing consumption of convenience foods, and the rising number of working women in the region.
Europe was the second-largest regional market in 2020 and accounted for around 30.0% of the revenue share. This is attributed to the large investments by major players in the cosmetics industry, growing consumer expenditure, and the launch of new and innovative products in the personal care segment.
Procter & Gamble Chemicals
Dow Chemical Company
Wilmar International Ltd.
Pacific Oleochemicals Sdn Bhd
United Coconut Chemicals, Inc.
Godrej Industries Limited
Monarch Chemicals Limited
CREMER OLEO GmbH & Co. KG
Sakamoto Yakuhin Kogyo Co., Ltd.
Fine Chemicals & Scientific Co.
Food & Beverage
Personal Care & Cosmetics
Middle East & Africa
The Glycerol market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Glycerol market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Glycerol market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Glycerol market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Glycerol market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Glycerol capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Glycerol by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Glycerol market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Glycerol market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Glycerol market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Glycerol industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
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.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Glycerol market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Glycerol market. These factors have benefited the growth of the global market for Glycerol. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Glycerol. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Glycerol are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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