North America Glycerine Market size was around USD 1.32 billion in 2021. It is expected to grow at a CAGR of 6.9% to reach USD 2.12 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.
North America Glycerine Market - By Source:
Vegetable Oils
North America Glycerine Market - By Process:
North America Glycerine Market - By Application:
Geographical Analysis:
By geography, the market is segmented into
North America the third largest market for Glycerine globally. Instabilities in supply as well as accessibility of alternatives could hinder the growth of the Glycerine market in this region.
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.
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