Middle East And Africa Glycerine Market

Middle East and Africa Glycerine Market Size, Growth, Trends and Forecast:

Middle East and Africa Glycerine Market size was around USD 0.41 billion in 2021. It is expected to grow at a CAGR of 6.2% to reach USD 0.51 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.

Middle East and Africa Glycerine Market Segmentation:

Middle East and Africa 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.

Middle East and Africa 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.

Middle East and Africa 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.

Geographical Analysis:

By geography, the market is segmented into two regions namely Middle East and Africa. This regional market is still in the nascent stage and is projected to grow at a respectable rate over the next five years.

Key Players:

Key players in the market include 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. among others.