Glycerine Market

Glycerine Market Size & Growth(2022 - 2027):

Glycerine Market size was around USD 3.4 billion in 2021. It is expected to grow at a CAGR of 7.2% to reach USD 5.4 billion by 2026. Glycerine which is also known as glycerol, is a polyhydric alcohol majorly found in vegetable and animal oil. The product is derived from either natural resources or petroleum feedstock and is generated during the manufacturing process of biodiesel and soap. The market has numerous applications in medical formulations, industrial chemical manufacturing, and moisture retention. It is also extensively utilized in the food industry as a sweetener and humectant.

GLYCERINE MARKET REPORT COVERAGE:

Glycerine Market Segmentation:

Glycerine Market - By Source:

• Vegetable Oils

• Synthetic

• Soaps

• Biodiesel

Growing demand for natural ingredients among end-use shoppers with respect to cosmetics, food & beverages, and personal care Industries is predicted to contribute significantly towards the growth of the market.

Glycerine Market - By Process:

• Saponification

• Transesterification

• Fat Splitting

Transesterification of triglycerides with alcohols is a reaction that's extensively employed in biodiesel production plants. The growing demand for renewable sources of energy is predicted to drive the biodiesel market over the next decade, thereby driving the growth of the overall Glycerine market.

Glycerine Market - By Application:

• Industrial chemicals

• Food and Beverages

• Personal Care

• others 

The personal care segment is projected to develop at the highest growth rate during the forecast period.

The Market is Geographically divided into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

The Asia-Pacific region is the largest marketplace for glycerol, in terms of revenue, followed by Europe and North America. The expansion is mainly attributed to the increasing consumption in countries like China, India, and Japan, with regards to personal care products. A significant rise in demand for hair care and oral care products are also leading to the expansion of the Glycerine market..

Key Players:

• The Dow Chemical Company

• Procter & Gamble

• Parchem fine & specialty chemicals

• NOW Foods

• Essential Depot

• VVF L.L.C

• Cargill Incorporation

• Dutch Glycerin Refinery (DGR)

• Avril Group, Inc