The global glycerine market size was US$ 2.45 billion in 2022. The global market is forecast to reach US$ 3.67 billion by 2030, growing at a CAGR of 5.34% in the forecast period from 2023 to 2030.
Glycerin is an organic substance comprised of oxygen, carbon, and hydrogen. Typically, it is a byproduct of the process used to make biodiesel from vegetable and animal fats. Alcohol and water both make glycerin soluble, while oil does not. It has no smell, no color, is viscous and hygroscopic, freezes into a sticky paste, and has a high boiling point. Due to these characteristics, glycerin is used in various products, including food, cosmetics, and pharmaceuticals. Along with other chemical intermediates, glycerin can be used as a raw material to create surfactants, plasticizers, and solvents.
According to estimates, 2.9 million tonnes of glycerine are produced worldwide each year. This assessment takes into consideration all feasible sources. In Europe, vegetable oils were used to make about 810,000 tonnes of glycerin, and another 150,000 tonnes were obtained through the production of UCOME and waste fatty acid biodiesel. Although the market for refined glycerine is estimated to be 2 million metric tonnes in size, it is growing significantly as a result of the expansion of the pharmaceutical and personal care sectors.
Market Growth Factors
Segmentation Analysis
By application, the personal care segment generated the highest revenue share in the global market. Glycerine is commonly used in the creation of soaps, toothpaste, shaving cream, and cosmetics for the hair. It gives personal care products lubrication and smoothness. According to the U.S. Food and Drug Administration's Voluntary Cosmetic Registration Program, glycerol was the third most often used ingredient in cosmetics. The chemical was included in about 23,366 products, including eye care, baby care, skin care, and other personal care.
By grade, the technical grade segment attained the highest revenue in the global market. Technical-grade glycerol is used to create polyether polyols, alkyd resins, epichlorohydrin, and other chemical substances.
Geographical Insights
In 2021, the Asia-Pacific region held the highest market share of the global glycerine market. This growth is due to the region's growing consumer interest in color cosmetics and its continuous demand for oral care, cosmetics, and hair care products. In addition, the consumption of glycerine is rapidly increasing in countries like China, India, and South Korea. Lower production and labor costs, laxer regulations, and manufacturers' incentives to grow their companies in these areas are predicted to be the main drivers of Asia-Pacific glycerine demand.
Europe is likely to witness the highest growth rate during the forecast period. This is due to significant expenditures made by key players in the cosmetics sector, rising consumer spending, and the introduction of novel and ground-breaking personal care products. The top manufacturers of the commodity in Europe are Germany, the Netherlands, Italy, and France. The demand for biofuels in European nations is potentially high. As a result, biodiesel production is anticipated to increase in the upcoming years, which will benefit the market.
Prominent Companies
Segmentation Outline
The global glycerine market segmentation focuses on Application, Grade, Manufacturing Process, Source, and Region.
By Application
By Grade
By Manufacturing Process
By Source
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL GLYCERINE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: GLYCERINE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL GLYCERINE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL GLYCERINE MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 PERSONAL CARE
5.3 FOOD & BEVERAGES
5.4 PHARMACEUTICALS
5.5 POLYETHER POLYOLS
5.6 CHEMICAL INTERMEDIATE
5.7 TOBACCO
5.8 OTHERS
6 GLOBAL GLYCERINE MARKET, BY GRADE
6.1 OVERVIEW
6.2 USP GRADE
6.3 TECHNICAL GRADE
7 GLOBAL GLYCERINE MARKET, BY MANUFACTURING PROCESS
7.1 OVERVIEW
7.2 TRANSESTERIFICATION
7.3 SAPONIFICATION
7.4 FAT SPLITTING
7.5 OTHERS
8 GLOBAL GLYCERINE MARKET, BY SOURCE
8.1 OVERVIEW
8.2 VEGETABLE OILS
8.3 BIO-DIESEL
8.4 SYNTHETIC
9 GLOBAL GLYCERINE MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL GLYCERINE MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 WILMAR INTERNATIONAL
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 IOI OLEOCHEMICALS
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 EMERY OLEOCHEMICALS
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 KLK OLEO
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 CARGILL
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 P&G CHEMICALS
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 ARCHER DANIELS MIDLAND (ADM)
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8. BASF SE
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 DOW CHEMICAL
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 KAO CORPORATION
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 VANTAGE SPECIALTY CHEMICALS
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 GODREJ INDUSTRIES
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 CRODA INTERNATIONAL
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 SABIC
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 IOI CORPORATION BERHAD
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.16 P&G
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS
11.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.17 EASTMAN CHEMICAL COMPANY
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS
11.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.18 AVRIL GROUP
11.18.1 OVERVIEW
11.18.2 FINANCIAL PERFORMANCE
11.18.3 PRODUCT OUTLOOK
11.18.4 KEY DEVELOPMENTS
11.18.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.19 CREMER OLEO GMBH & CO. KG
11.19.1 OVERVIEW
11.19.2 FINANCIAL PERFORMANCE
11.19.3 PRODUCT OUTLOOK
11.19.4 KEY DEVELOPMENTS
11.19.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.20 TWIN RIVERS TECHNOLOGIES
11.20.1 OVERVIEW
11.20.2 FINANCIAL PERFORMANCE
11.20.3 PRODUCT OUTLOOK
11.20.4 KEY DEVELOPMENTS
11.20.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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