Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A5650
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Market Overview:

The global glycerin market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

Glycerin refers to a trihydroxy alcohol extracted from vegetable oils or animal fats. It is a clear, colorless, odorless, and hygroscopic fluid that has several antimicrobial properties. It assists in hydrating the outer layer of the skin, improving skin barrier function and skin mechanical properties, providing protection against skin irritants, and accelerating wound-healing processes. As a result, it is extensively utilized in the formulation of various skincare products across the globe.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Glycerin Market Trends:

There is currently a considerable rise in the utilization of glycerin in the manufacturing of hand sanitizers, soaps, hand washes, and detergents on account of the contagious outbreak of coronavirus disease (COVID-19) and the alarming need to protect against the spread of the pandemic. This represents one of the key factors propelling the growth of the market. Glycerin helps prevent the loss of moisture from products so that they do not dry out. Consequently, it is widely utilized as denaturants, fragrance ingredients, oral care agents, hair conditioning agents, skin protectants, and viscosity-decreasing agents worldwide. It is also increasingly employed in the production of numerous personal care products, such as toothpaste, shaving creams, and skin and hair products to provide smoothness and lubrication. Moreover, glycerin finds extensive applications in the food and beverage (F&B) industry due to its ability to function as a humectant, solvent, preservative, and sweetener. This, coupled with the expanding application of glycerin as a polymer building block to manufacture alkyd resins and polyurethanes for usage in paints, inks, and coatings, is contributing to market growth. Other major factors, including the thriving pharmaceutical industry and the escalating demand for biodiesel, are creating a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global glycerin market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on process, grade, source and application.

Breakup by Process:

 

 
 

 

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  • Transesterification
  • Saponification
  • Fat Splitting
     

Breakup by Grade:

  • USP Grade
  • Technical Grade
     

Breakup by Source:

  • Biodiesels
  • Fatty Acids
  • Others
     

Breakup by Application:

  • Pharmaceuticals
  • Food and Beverages
  • Personal Care and Cosmetics
  • Industrial Chemicals
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Avril Group, BASF SE, Cargill Incorporated, Croda International PLC, Emery Oleochemicals (PTT Global Chemical Public Company Limited), Godrej Industries Limited, IOI Corporation Berhad, Kao Corporation, Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., The Procter & Gamble Company and Wilmar International Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Process, Grade, Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Archer-Daniels-Midland Company, Avril Group, BASF SE, Cargill Incorporated, Croda International PLC, Emery Oleochemicals (PTT Global Chemical Public Company Limited), Godrej Industries Limited, IOI Corporation Berhad, Kao Corporation, Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., The Procter & Gamble Company and Wilmar International Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global glycerin market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global glycerin market?
  • What are the key regional markets?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global glycerin market and who are the key players?
  • What is the degree of competition in the industry?

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Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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