The global polyglycerol market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Polyglycerol is a clear, viscous, and nonvolatile liquid manufactured via alkali-catalyzed dehydration of glycerol with epoxy intermediates. Its fatty acid esters, which are innocuous, biodegradable, and nonionic surfactants, are employed in the food and beverage (F&B) industry as antistatic and antifogging agents for food packaging. They are also used as a mold inhibitor and an emulsifying agent in the production of baked goods, chewing gum, and low-fat spreads. Besides this, on account of its amphiphilic properties, polyglycerol is utilized in the pharmaceutical and cosmetics industries worldwide.
The increasing consumption of processed food products due to hectic lifestyles and inflating disposable incomes represents one of the major factors contributing to market growth. Moreover, the rising preference for organic products is positively influencing the application of polyglycerol in the personal care industry, wherein it is used as a moisture-retaining agent and thickener. Additionally, the growing influence of social media and increasing focus on health and hygiene are driving the sales of personal care products around the world. Apart from this, the derivatives of polyglycerol are widely being used in the pharmaceutical industry as drug carriers and in the biomedical sector for regenerative medicines. On account of the rising prevalence of medical ailments and the increasing development of healthcare infrastructure, the thriving pharmaceutical industry is also bolstering the market growth. Furthermore, several market players are investing in research and development (R&D) activities to launch new products. This is anticipated to increase the use of polyglycerol in the manufacturing of water-soluble polymer plasticizers and lubricating food equipment and agrochemicals.
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyglycerol market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Cargill Incorporated, Croda International Plc, DuPont de Nemours Inc, Lonza Group AG, Palsgaard A/S, Riken Vitamin Co. Ltd., Sakamoto Yakuhin kogyo Co. Ltd., Savannah Surfactants, Spiga Nord S.p.A., Stepan Company, The Good Scents Company and The Procter & Gamble Company.
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