Market Overview 2023-2028:
The global glycerol market is expected to exhibit a growth rate (CAGR) of 6.9% during 2023-2028.
Glycerol (C3H8O3) is a transparent, thick, and odorless organic compound hygroscopic and miscible with water. It is formulated by the hydrolysis of natural oils and fats in plants and animals. It is used as a solvent, humectant, plasticizer, emollient, sweetener, and filler in low-fat food products, such as cookies. It is also utilized inthe manufacturing of serums, vaccines, suppositories, expectorants, cough syrups, cardiac medications, drug solvents, and elixirs worldwide. It helps hydrate the outer layer of the skin, enhance skin barrier function and mechanical properties, thereby providing protection against skin irritants and accelerating wound-healing processes. As a result, glycerol finds application in the formulation of numerous skin care products across the globe.
Global Glycerol Market Trends:
A substantial rise in the consumption of low-fat food products represents one of the key factors positively influencing the market. In addition, inflating disposable income levels, changing lifestyles, and the growing socialization trends are catalyzing the demand for alcoholic beverages, which, in turn, is contributing to the market growth. It can also be attributed to the increasing utilization of glycerol in wine production. Apart from this, glycerol is extensively used as a protective medium for freezing red blood cells, sperm cells, eye corneas, and other living tissues as it penetrates cell membranes and exhibits various cryoprotective properties. Besides this, the growing global population and the rising occurrence of respiratory disorders are creating a positive outlook for the market. Along with this, glycerol finds application as a mucolytic agent in medications for respiratory conditions. Furthermore, the widespread adoption of the product to test the symptoms of Meniere's disease and in intravenous (IV) formulation for reducing intraocular pressure is offering lucrative growth opportunities to manufacturers. Moreover, the increasing usage of glycerol in fabrics, papers, printing inks, and paints due to its low volatility is propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global glycerol market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, type and end use industry.
Breakup by Source:
- Fatty Alcohol
- Fatty Acids
Breakup by Type:
Breakup by End Use Industry:
- Food and Beverages
- Personal Care and Cosmetics
- Chemical Intermediates
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being ADM, Aemetis Inc., BASF SE, Cargill Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Emery Oleochemicals, Fine Chemicals & Scientific Co., Godrej Industries Limited, Kao Corporation., KLK OLEO, KPL International Limited and P&G Chemicals.
|Base Year of the Analysis
||Source, Type, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||ADM, Aemetis Inc., BASF SE, Cargill Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Emery Oleochemicals, Fine Chemicals & Scientific Co., Godrej Industries Limited, Kao Corporation., KLK OLEO, KPL International Limited and P&G Chemicals
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