[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Glycerin Market Report: Trends, Forecast and Competitive Analysis to 2030

August 2024 | 150 pages | ID: G728CE786BEAEN
Lucintel

US$ 4,850.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
2 – 3 business days after placing order

Glycerin Trends and Forecast

The future of the global glycerin market looks promising with opportunities in the pharmaceutical, food & beverage, alkyd resin, personal care & cosmetic, industrial chemical, polyether polyols, tobacco humectant markets. The global glycerin market is expected to reach an estimated $2.6 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growth in the demand for cosmetics and personal care items, increase in disposable income and spending on these items in developing nations, as well as, rising glycerin's appeal to consumers as a natural and environmentally beneficial product.

Lucintel forecasts that crude glycerin is expected to witness the higher growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rise in the consumer spending, rise in the acceptance of healthy lifestyles and the growth of end-use sectors like cosmetics, personal care, nutraceuticals, and pharmaceuticals in the region.

Emerging Trends in the Glycerin Market

The glycerin market is undergoing a transformation, with many emerging trends redefining its landscape, which mirror shifts in consumer choices, advancements in technology and regulatory settings.
  • Emphasis on Sustainability: A trend that can be observed is the growing focus on producing glycerin through green channels such as biodiesel by-products; this results from the increasing consciousness towards environment and reduction of carbon footprints. Companies responding to sustainable practices get it easier to achieve competitive advantage over other players while also meeting consumers’ expectations for eco-friendly products.
  • Technical Innovations: New ways of producing glycerin like improved purification methods and extraction processes are bringing about better product quality and lower production costs. These improvements help companies produce high-quality glycerin that meets the needs of different industries.
  • Increased Demand for Bio-Based Products: The increased demand for bio-based or natural products among various sectors including pharmaceuticals, cosmetics, and food has boosted the growth of the glycerine market. As these substances shift towards more organic and natural formulations due to their main constituent being glycerine.
  • Regulation Changes: Stricter regulations on safety and quality of these products are affecting how companies operate in this sector. Companies must be prepared to comply with new standards and certifications which could drive innovation but may also increase operating expenses. It is important for firms to anticipate regulatory changes in order to stay competitive and maintain access to markets.
  • Diverse Applications: Glycerin is increasingly finding use in new areas such as bio-based polymers, advanced materials, specialty chemicals amongst others. Through diversification into alternative sectors beyond conventional ones, the market has become wider thereby creating an opportunity for growth.
These trends are driving sustainability through technological innovation while expanding application areas thus reshaping Glycerine market resulting into complications within industry players’ strategies going forward.

Recent Developments in the Glycerin Market

The future of the glycerin industry is being shaped by significant developments taking place in this sector. These trends signify main shifts in production, demand and technological changes.
  • Production Capacity Expansion: Major manufacturers are heavily investing in expanding their glycerin making plants because global demand is increasing at a high rate. Construction of new facilities and technological upgrades have increased output and efficiency. This move has ensured that there is more supply for various applications including pharmaceuticals and personal care products.
  • Technological Advancements in Purification: There are new technologies being introduced into the purification process of glycerin which address quality issues as well as cut down on costs of production. Innovations such as advanced filtration systems and distillation techniques enable higher purity levels which are within acceptable limits set by industrial standards. Thus, these advancements are essential to cater for specialized applications.
  • Bio-based Glycerin Growth: There has been an emerging fashion for producing glycerin from bio-based sources such as biodiesel by-products. This shift represents a broader transition to sustainable and environmentally-friendly manufacturing practices. Driven by consumer preferences as well as regulatory requirements, bio based-glycerin is finding its way into different uses.
  • Rising Demand for Pharmaceuticals: Increased need for high-quality glycerin among players in the pharmaceutical industry drives market growth. Growth of glycerine use as major components in drugs and health products calls for investments into quality control measures and production technologies required to meet stringent nutritional standards found in pharmaceutical industry.
  • Diversification of Markets Focus: Companies are developing new glycerin applications away from conventional uses like advanced materials or specialty chemicals. This expansion into other areas offers a fresh basis for growth while creating chances for innovation. Successfully introducing novel glycol based products catering to emerging sectors requires huge R&D spending.
Consequently, these developments have helped expand production capacities, improve product quality, diversify applications etc., which has led to overall expansion of the market while pushing it towards new directions.

Strategic Growth Opportunities for Glycerin Market

There are a lot of ways in which the glycerin market can be expanded strategically across different applications. It is essential, therefore, that one identifies and exploits these possibilities to promote growth in the markets.
  • Pharmaceuticals: The pharmaceutical industry’s appetite for first-rate glycerin is on the rise because it uses it for making drugs and health products. Companies should take advantage of this by concentrating on producing ultra-pure glycerin that complies with stringent pharmaceutical requirements. They will increase their competitiveness through strategic investments in quality control and production technology.
  • Personal Care Products: Glycerin is broadly used as a moisturizer in personal care and cosmetic products. Therefore, there is a significant market opportunity for manufacturing environmentally friendly glycerin as consumers are increasingly preferring natural and organic products. In order to satisfy this demand, businesses can look into new formulations as well as market segments.
  • Bio-Based Polymers: The idea of developing bio-based polymers using glycerin has been realized recently. Growth prospects exist within the materials sector due to glycerin’s role in the production of sustainable biodegradable polymers. New markets and applications may be explored if companies invest in R&D processes targeted at coming up with innovative polymers based on glycerin.
  • Food and Beverages: Glycerol functions as an ingredient used to sweeten foodstuffs or beverages as well as a humectant used in them. There exists room for supplying high-quality glycerine conforming to food safety standards to meet rising demand for natural, clean-label ingredients. This trend towards healthier eating habits can be used by companies to grow their share of the food sector.
Therefore, these are some of the strategic growth opportunities that shape glycerin market by growing its applications, encouraging innovations, responding to changing consumer preferences and addressing industrial demands.

Glycerin Market Driver and Challenges

The glycerin market is influenced by several drivers and challenges, which include technological matters, economic influences and regulatory reasons. Therefore comprehending these elements is important for one to sail smoothly within the market landscape.

The factors responsible for driving the glycerin market include:

1. Technological Advances: Innovations in terms of glycerin production and purification technologies are propelling the growth of this market. Hence companies can utilize the new techniques as well as equipment that have been invented to achieve better efficiency and product quality. Such advancements are very necessary because they aid in maintaining competition ability in addition to dealing with different applications.

2. Increased Demand for Natural Products: The demand for glycerin has grown due to a trend towards natural and eco-friendly products across industries. As consumers and organizations search for sustainable alternatives, the position of glycerin within natural formulations also increases. This move is driving personal care, pharmaceuticals as well as food sectors.

3. Regulatory Pressures: The glycerin market faces stricter regulations on product safety, environmental impact concerns and quality issues. Adherence to such regulations may increase operational costs thus requiring investment into other technologies. Regulatory compliance standards remain essential when it comes to access into markets without penalties.

Challenges in the glycerin market are:

1. Raw Material Costs: Profitability can be affected by changes in raw material prices used in glycerol production. Efficient strategies for controlling costs along with effective supply chain management should be employed due to volatility of feedstock prices like vegetable oils plus fat. For financial stability purpose it is mandatory that raw material costs get controlled effectively

2. Environmental Concerns: Notably, many challenges exist regarding addressing environmental impacts associated with waste and emissions produced during production of glycerine. Consequently businesses are adopting clean technologies besides sustainable practices hoping to reduce these impacts accrued by them. For purposes of complying with statutory requirements as well as enhancing brand reputation focus has shifted towards ecological responsibility.

To conclude all together we can say that the glycerin market dynamics are shaped by possible growth opportunities, operational strategies’ formation processes or regulatory compliance influenced by these drivers and challenges. To exist in a dynamic market environment, companies must deal with such factors.

List of Glycerin Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glycerin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glycerin companies profiled in this report include-
  • Aemetis
  • BASF SE
  • Biodex-SA
  • Cargill Incorporated
  • Dow
  • Emery Oleochemicals
  • Godrej Industries
Glycerin by Segment

The study includes a forecast for the global glycerin by grade, source, application, and region.

Glycerin Market by Grade [Analysis by Value from 2018 to 2030]:
  • Crude Glycerin
  • Refined Glycerin
Glycerin Market by Source [Analysis by Value from 2018 to 2030]:
  • Biodiesels
  • Fatty Acids
  • Fatty Alcohols
  • Others
Glycerin Market by Application [Analysis by Value from 2018 to 2030]:
  • Pharmaceutical
  • Food & Beverage
  • Alkyd Resin
  • Personal Care & Cosmetic
  • Industrial Chemicals
  • Polyether Polyols
  • Others
Glycerin Market by Region [Analysis by Value from 2018 to 2030]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
Country Wise Outlook for the Glycerin Market

The market for glycerin has evolved rapidly, driven by regional dynamics and changing industrial needs. There have been a range of developments recently which show how diverse the applications of glycerin are including personal care products, pharmaceuticals, among others. Knowing these local changes gives some sense of what is happening in the broader market and where the growth opportunities are.
  • United States: Bio-based sources are increasingly driving the production of glycerin in the US, indicating a shift to sustainable practices. In addition, this demand is being propped by these areas’ expansion. Furthermore, newer technologies in glycerol extraction and refining are also enhancing manufacturing efficiency and quality.
  • China: Driven by an explosion of industries in China, its production capacities for glycerin is growing at an alarming rate. A remarkable feature here is that the country focuses on developing highly pure pharmaceutical and cosmetic grades of glycerin. Moreover, it also makes efforts to upgrade the production facilities to meet international standards.
  • Germany: Germany leads in terms of incorporation of green technologies into manufacturing processes of glycerine. The market puts great emphasis on sustainability whereby firms have adopted methods that mitigate environmental effects. There has been increased demand for eco-friendly and high-quality glycerin driven by growth in cosmetics as well as pharmaceutical industry in Germany.
  • India: Strong growth momentum persists with increasing demand from healthcare products sector propelling India market size over the foreseeable period. Production facilities upgrading and capacity increase are currently being done across India to satisfy rising local demands and export requirements. Recent regulations have shifted focus towards quality control and safety measures within this industry.
  • Japan: Glycerine market in Japan focuses more on high value application such as pharmaceuticals/specialty chemicals compared to other competitor countries including Singapore, South Korea among others within Asia Pacific region leading to higher prices compared to other countries across globe for similar products . Stringent quality controls associated with advanced technology have facilitated development of innovative Glycerin based products. Additionally Japan has directed its attention towards new applications such as bio based polymers and advance materials using glycerine.
0

Market Size Estimates: glycerin market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: glycerin market size by grade, source, application, and region in terms of value ($B).

Regional Analysis: glycerin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different grade, source, application, and regions for the glycerin market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the glycerin market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the glycerin market size?

Answer: The global glycerin market is expected to reach an estimated $2.6 billion by 2030.

Q2. What is the growth forecast for glycerin market?

Answer: The global glycerin market is expected to grow with a CAGR of 5.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the glycerin market?

Answer: The major drivers for this market are growth in the demand for cosmetics and personal care items, increase in disposable income and spending on these items in developing nations, as well as, rising glycerin's appeal to consumers as a natural and environmentally beneficial product.

Q4. What are the major segments for glycerin market?

Answer: The future of the global glycerin market looks promising with opportunities in the pharmaceutical, food & beverage, alkyd resin, personal care & cosmetic, industrial chemical, polyether polyols, tobacco humectant markets.

Q5. Who are the key glycerin market companies?

Answer: Some of the key glycerin companies are as follows:
  • Aemetis
  • BASF SE
  • Biodex-SA
  • Cargill Incorporated
  • Dow
  • Emery Oleochemicals
  • Godrej Industries
  • Godrej Industries
Q6. Which glycerin market segment will be the largest in future?

Answer: Lucintel forecasts that crude glycerin is expected to witness the higher growth over the forecast period.

Q7. In glycerin market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rise in the consumer spending, rise in the acceptance of healthy lifestyles and the growth of end-use sectors like cosmetics, personal care, nutraceuticals, and pharmaceuticals in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the glycerin market by grade (crude glycerin and refined glycerin), source (biodiesels, fatty acids, fatty alcohols, and others), application (pharmaceutical, food & beverage, alkyd resin, personal care & cosmetic, industrial chemicals, polyether polyols, tobacco humectants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Glycerin Market, Glycerin Market Size, Glycerin Market Growth, Glycerin Market Analysis, Glycerin Market Report, Glycerin Market Share, Glycerin Market Trends, Glycerin Market Forecast, Glycerin Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.

Market Report
1. EXECUTIVE SUMMARY

2. GLOBAL GLYCERIN MARKET : MARKET DYNAMICS

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030

3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Glycerin Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Glycerin Market by Grade
  3.3.1: Crude Glycerin
  3.3.2: Refined Glycerin
3.4: Global Glycerin Market by Source
  3.4.1: Biodiesels
  3.4.2: Fatty Acids
  3.4.3: Fatty Alcohols
  3.4.4: Others
3.5: Global Glycerin Market by Application
  3.5.1: Pharmaceutical
  3.5.2: Food & Beverage
  3.5.3: Alkyd Resin
  3.5.4: Personal Care & Cosmetic
  3.5.5: Industrial Chemicals
  3.5.6: Polyether Polyols
  3.5.7: Tobacco Humectants
  3.5.8: Others

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030

4.1: Global Glycerin Market by Region
4.2: North American Glycerin Market
  4.2.1: North American Glycerin Market by Grade: Crude Glycerin and Refined Glycerin
  4.2.2: North American Glycerin Market by Application: Pharmaceutical, Food & Beverage, Alkyd Resin, Personal Care & Cosmetic, Industrial Chemicals, Polyether Polyols, Tobacco Humectants, and Others
4.3: European Glycerin Market
  4.3.1: European Glycerin Market by Grade: Crude Glycerin and Refined Glycerin
  4.3.2: European Glycerin Market by Application: Pharmaceutical, Food & Beverage, Alkyd Resin, Personal Care & Cosmetic, Industrial Chemicals, Polyether Polyols, Tobacco Humectants, and Others
4.4: APAC Glycerin Market
  4.4.1: APAC Glycerin Market by Grade: Crude Glycerin and Refined Glycerin
  4.4.2: APAC Glycerin Market by Application: Pharmaceutical, Food & Beverage, Alkyd Resin, Personal Care & Cosmetic, Industrial Chemicals, Polyether Polyols, Tobacco Humectants, and Others
4.5: ROW Glycerin Market
  4.5.1: ROW Glycerin Market by Grade: Crude Glycerin and Refined Glycerin
  4.5.2: ROW Glycerin Market by Application: Pharmaceutical, Food & Beverage, Alkyd Resin, Personal Care & Cosmetic, Industrial Chemicals, Polyether Polyols, Tobacco Humectants, and Others

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Glycerin Market by Grade
  6.1.2: Growth Opportunities for the Global Glycerin Market by Source
  6.1.3: Growth Opportunities for the Global Glycerin Market by Application
  6.1.4: Growth Opportunities for the Global Glycerin Market by Region
6.2: Emerging Trends in the Global Glycerin Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Capacity Expansion of the Global Glycerin Market
  6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Glycerin Market
  6.3.4: Certification and Licensing

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: Aemetis
7.2: BASF SE
  7.1.1: Biodex-SA
7.4: Cargill Incorporated
7.5: Dow
7.6: Emery Oleochemicals
7.7: Godrej Industries


More Publications