Glycerin Market Size, Share Analysis, Growth, Report 2023-2028
Global Glycerin Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Glycerin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global glycerin market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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 is a colorless, odorless, and sweet-tasting organic compound that belongs to the alcohol family. It is available as natural glycerin, which is derived from fats and oils, such as vegetable oil or animal fats. It is also manufactured as synthetic glycerin, which is produced through chemical processes and is less expensive than natural glycerin. It encompasses crude glycerin, which is a byproduct of biodiesel production, containing impurities and requiring further refining before use in various applications. It is hygroscopic, which means it readily absorbs moisture from its surroundings. It is a clear, viscous liquid that is soluble in water and alcohol. It has a high boiling point and a low freezing point, which makes it suitable for various applications. It is a non-toxic, non-corrosive, and stable compound. It does not react with most substances, making it safe for use in different contexts. Glycerin is known for its moisturizing benefits, improving skin hydration, and preventing skin conditions like dryness, itching, and flakiness.
Global Glycerin Market Trends and Drivers:
At present, the increasing utilization of glycerin as a sweetener, thickening agent, and preservative in baked goods, beverages, and confectionery products represents one of the crucial factors impelling the growth of the market. Besides this, the escalating demand for bio-based and sustainable products is leading to a rise in the production and consumption of bio-glycerin, which is derived from renewable sources, such as vegetable oils and animal fats. In addition, the stringent quality and safety standards to maintain the safety and quality of pharmaceutical products is necessitating the utilization of high-quality glycerin. Apart from this, government incentives and policies promoting the use of biofuels to reduce greenhouse gas emissions and dependence on fossil fuels are supporting the market growth. Additionally, the increasing employment of glycerin as a solvent, antifreeze, and a component in the production of various chemicals and materials is contributing to the market growth. Furthermore, the rising adoption of glycerin in the textile industry to soften and condition fabrics and prevent fiber damage is bolstering the market growth.
Global Glycerin Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
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.
The report segmented the market on the basis of region, process, grade, source and application.
Breakup by Process:
- 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:
- 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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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