Global Glycerin Market - Forecasts from 2020 to 2025
The global glycerin market is projected to grow at a CAGR of 6.91% to reach US$3.914 billion by 2025 from US$2.621 billion in 2019.
The usage of glycerin is rising in the different end-user industries such as pharmaceutical, food, and beverage, among others because it has a lot of different properties that it makes suitable for use in the end-user industries. In the food and beverage industry, glycerin is gaining popularity owing to its use as a thickening agent or to control the level of moisture present in the food and stabilize them if the food contains both water and oil. Glycerin is also regarded as a safe additive by the U.S. Food and Drug Administration (FDA). Moreover, its use in the pharmaceutical industry as an excipient and a humectant in the cosmetics industry is pushing the market growth over the forecast period. However, the availability of substitutes in the market poses a threat to the market growth over the forecast period. There are some of the end-users, which are still making use of chemicals such as propylene and ethylene glycol for applications, which include antifreeze and de-icing, thus, impacting the market growth.
Product Offerings by Major Market Players in the Glycerin Market
The market players are active in the market by offering and making available a variety of glycerin including crude and refined products with enhanced and advanced features in order to cater to the rising demands. This is in turn is enabling them improve their market position.
Some of the examples of product offerings are as follows:
By the application segment, the pharmaceutical industry is estimated to hold a significant share over the forecast period owing to the fact that share is rising usage in different applications such as using glycerin as a sweetener in syrups, lozenges and as an excipient compound in various eyewash solutions. In addition, small amounts of glycerin are also used in the eardrops, topical creams, gel capsules among others, apart from the fact that it can be used as an ophthalmic agent, an osmotic diuretic. The personal care and cosmetics are estimated to grow at a significant pace over the forecast period as the demand for more enhanced and refined personal care products is increasing among the different sections of the society, majorly women. Glycerin is being increasingly used in the different cosmetic products as it acts as a humectant and has moisturizing properties. This helps the skin stay supple and does not let it dry.
The Asia Pacific region is estimated to hold a considerable share in the forecast period owing to the fast-growing cosmetics and personal care industry in the countries such as China
The Asia Pacific region is estimated to hold a considerable share in the forecast period owing to the fact that the cosmetics industry and the personal care products manufacturing is increasing due to the rising demand from the individuals in the population. In addition, the low cost of manufacturing associated is furthering the demand of the chemical glycerin and bolstering the growth in the region.
In addition, the North American region is expected to show considerable growth over the forecast period, which is attributable to the fact that the chemical and petrochemical and food and beverage industries and are also contributing to the market position of the region.
Segmentation:
The usage of glycerin is rising in the different end-user industries such as pharmaceutical, food, and beverage, among others because it has a lot of different properties that it makes suitable for use in the end-user industries. In the food and beverage industry, glycerin is gaining popularity owing to its use as a thickening agent or to control the level of moisture present in the food and stabilize them if the food contains both water and oil. Glycerin is also regarded as a safe additive by the U.S. Food and Drug Administration (FDA). Moreover, its use in the pharmaceutical industry as an excipient and a humectant in the cosmetics industry is pushing the market growth over the forecast period. However, the availability of substitutes in the market poses a threat to the market growth over the forecast period. There are some of the end-users, which are still making use of chemicals such as propylene and ethylene glycol for applications, which include antifreeze and de-icing, thus, impacting the market growth.
Product Offerings by Major Market Players in the Glycerin Market
The market players are active in the market by offering and making available a variety of glycerin including crude and refined products with enhanced and advanced features in order to cater to the rising demands. This is in turn is enabling them improve their market position.
Some of the examples of product offerings are as follows:
- Oleon NV, which is considered one of the leading companies that are involved in the manufacture and provision of oleochemicals, offers different types of glycerin products under its product portfolio for catering to the demands of various end-users. Some of the products it offers are Glycerin 4813, Glycerin 4818, Glycerin 4823, and Glycerin 4808/4808K among other. The Glycerin 4813 is a product that is mixed glycerin and is in a highly purified form for industrial purposes. Glycerin 4818 is also a product that is mixed glycerin and is in a highly purified form for industrial purposes. Glycerin 4823 is a mixed glycerin product and has about 82%-86% for industrial uses, and the Glycerin 4808/4808K is a product that contains glycerin content more than 99.7%, is a vegetable type glycerin and is FSSC 22000 CERTIFIED for use in food.
- Kao Corporation - involved in the manufacture of different types of chemicals offers different types of glycerin products under its product portfolio. It offers cosmetic grade glycerin, food additive grade glycerin, refined glycerin, and JP grade glycerin among others. The cosmetic grade glycerin contains about more than 98.5% glycerin and is produced in the Asia Pacific region. The food additive grade glycerin contains more than 98.5% glycerin and is produced in the Asia Pacific region. The refined glycerin contains more than 98.5% glycerin and is produced in the Asia Pacific region and lastly, the product JP grade glycerin is used for applications such as pharmaceuticals, surface-active agents, and paints among others and contains about 84-87% glycerin.
By the application segment, the pharmaceutical industry is estimated to hold a significant share over the forecast period owing to the fact that share is rising usage in different applications such as using glycerin as a sweetener in syrups, lozenges and as an excipient compound in various eyewash solutions. In addition, small amounts of glycerin are also used in the eardrops, topical creams, gel capsules among others, apart from the fact that it can be used as an ophthalmic agent, an osmotic diuretic. The personal care and cosmetics are estimated to grow at a significant pace over the forecast period as the demand for more enhanced and refined personal care products is increasing among the different sections of the society, majorly women. Glycerin is being increasingly used in the different cosmetic products as it acts as a humectant and has moisturizing properties. This helps the skin stay supple and does not let it dry.
The Asia Pacific region is estimated to hold a considerable share in the forecast period owing to the fast-growing cosmetics and personal care industry in the countries such as China
The Asia Pacific region is estimated to hold a considerable share in the forecast period owing to the fact that the cosmetics industry and the personal care products manufacturing is increasing due to the rising demand from the individuals in the population. In addition, the low cost of manufacturing associated is furthering the demand of the chemical glycerin and bolstering the growth in the region.
In addition, the North American region is expected to show considerable growth over the forecast period, which is attributable to the fact that the chemical and petrochemical and food and beverage industries and are also contributing to the market position of the region.
Segmentation:
- By Grade
- Crude Glycerin
- Refined Glycerin
- By Source
- Biodiesels
- Fatty Acids
- Fatty Alcohols
- Other Sources
- By Application
- Pharmaceuticals
- Food and Beverage
- Personal Care and Cosmetics
- Industrial Chemicals
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Others
1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL GLYCERIN MARKET ANALYSIS, BY GRADE
5.1. Crude Glycerin
5.2. Refined Glycerin
6. GLOBAL GLYCERIN MARKET ANALYSIS, BY SOURCE
6.1. Biodiesels
6.2. Fatty Acids
6.3. Fatty Alcohols
6.4. Other Sources
7. GLOBAL GLYCERIN MARKET ANALYSIS, BY APPLICATION
7.1. Pharmaceuticals
7.2. Food and Beverage
7.3. Personal Care and Cosmetics
7.4. Industrial Chemicals
7.5. Others
8. GLOBAL GLYCERIN MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. North America Glycerin Market Analysis, By Grade, 2019 to 2025
8.2.2. North America Glycerin Market Analysis, By Source, 2019 to 2025
8.2.3. North America Glycerin Market Analysis, By Application, 2019 to 2025
8.2.4. By Country
8.2.4.1. United States
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Glycerin Market Analysis, By Grade, 2019 to 2025
8.3.2. South America Glycerin Market Analysis, By Source, 2019 to 2025
8.3.3. South America Glycerin Market Analysis, By Application, 2019 to 2025
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Glycerin Market Analysis, By Grade, 2019 to 2025
8.4.2. Europe Glycerin Market Analysis, By Source, 2019 to 2025
8.4.3. Europe Glycerin Market Analysis, By Application, 2019 to 2025
8.4.4. By Country
8.4.4.1. UK
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Glycerin Market Analysis, By Grade, 2019 to 2025
8.5.2. Middle East and Africa Glycerin Market Analysis, By Source, 2019 to 2025
8.5.3. Middle East and Africa Glycerin Market Analysis, By Application, 2019 to 2025
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. United Arab Emirates
8.5.4.3. Israel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Glycerin Market Analysis, By Grade, 2019 to 2025
8.6.2. Asia Pacific Glycerin Market Analysis, By Source, 2019 to 2025
8.6.3. Asia Pacific Glycerin Market Analysis, By Application, 2019 to 2025
8.6.4. By Country
8.6.4.1. Japan
8.6.4.2. China
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Cargill, Incorporated
10.2. Kao Corporation
10.3. BIODEX TRADING GmbH
10.4. Procter & Gamble
10.5. Oleon NV
10.6. Emery Oleochemicals
10.7. Wilmar International Ltd.
10.8. Louis Dreyfus Company
10.9. Godrej Industries Limited (GIL)
10.10. Aemetis
10.11. Vance Group Ltd.
10.12. ADM
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL GLYCERIN MARKET ANALYSIS, BY GRADE
5.1. Crude Glycerin
5.2. Refined Glycerin
6. GLOBAL GLYCERIN MARKET ANALYSIS, BY SOURCE
6.1. Biodiesels
6.2. Fatty Acids
6.3. Fatty Alcohols
6.4. Other Sources
7. GLOBAL GLYCERIN MARKET ANALYSIS, BY APPLICATION
7.1. Pharmaceuticals
7.2. Food and Beverage
7.3. Personal Care and Cosmetics
7.4. Industrial Chemicals
7.5. Others
8. GLOBAL GLYCERIN MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. North America Glycerin Market Analysis, By Grade, 2019 to 2025
8.2.2. North America Glycerin Market Analysis, By Source, 2019 to 2025
8.2.3. North America Glycerin Market Analysis, By Application, 2019 to 2025
8.2.4. By Country
8.2.4.1. United States
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Glycerin Market Analysis, By Grade, 2019 to 2025
8.3.2. South America Glycerin Market Analysis, By Source, 2019 to 2025
8.3.3. South America Glycerin Market Analysis, By Application, 2019 to 2025
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Glycerin Market Analysis, By Grade, 2019 to 2025
8.4.2. Europe Glycerin Market Analysis, By Source, 2019 to 2025
8.4.3. Europe Glycerin Market Analysis, By Application, 2019 to 2025
8.4.4. By Country
8.4.4.1. UK
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Glycerin Market Analysis, By Grade, 2019 to 2025
8.5.2. Middle East and Africa Glycerin Market Analysis, By Source, 2019 to 2025
8.5.3. Middle East and Africa Glycerin Market Analysis, By Application, 2019 to 2025
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. United Arab Emirates
8.5.4.3. Israel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Glycerin Market Analysis, By Grade, 2019 to 2025
8.6.2. Asia Pacific Glycerin Market Analysis, By Source, 2019 to 2025
8.6.3. Asia Pacific Glycerin Market Analysis, By Application, 2019 to 2025
8.6.4. By Country
8.6.4.1. Japan
8.6.4.2. China
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Cargill, Incorporated
10.2. Kao Corporation
10.3. BIODEX TRADING GmbH
10.4. Procter & Gamble
10.5. Oleon NV
10.6. Emery Oleochemicals
10.7. Wilmar International Ltd.
10.8. Louis Dreyfus Company
10.9. Godrej Industries Limited (GIL)
10.10. Aemetis
10.11. Vance Group Ltd.
10.12. ADM
