Research Nester published a report titled “Glycerin Market: Global Demand Analysis & Opportunity Outlook 2019-2028” which delivers detailed overview of the global glycerin market in terms of market segmentation by product type, grade, source, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global glycerin market is segmented on the basis of source into biodiesel, fatty acids & esters, vegetable oils, animal fats, and others, out of which, the biodiesel segment is projected to hold the largest market share during the forecast period, i.e., 2021-2028. The segment is further anticipated to gain the largest market revenue of USD 2988.41 Million by the end of 2028, backed by the growing demand for bio-diesel and therefore the increase in production of glycerin. The market is also segmented on the basis of product type into refined and crude glycerin. Among these segments, the refined glycerin segment is projected to grow with the highest CAGR of 4.78% during the forecast period.
The global glycerin market is anticipated to grow with a CAGR of 4.72% during the forecast period, backed by the rising demand for glycerin from end-user industries, such as personal care and cosmetics industry, oral healthcare industry, and pharmaceutical industry among others. The market is further projected to garner a revenue of USD 4506.6 Million by the end of 2028 from a revenue of USD 3040.2 Million in the year 2019.
On the basis of region, the global glycerin market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among the market in these regions, the market in the Asia Pacific is anticipated to hold the largest market share throughout the forecast period. The market in the region is further projected to garner a market revenue of USD 27,411.9 Million by the end of 2028 by growing at a CAGR of 5.3% during the forecast period. Further, amongst all the countries in the region, the market in China is anticipated to hold the largest market share of 26.01% by the end of 2028. The market in China is further projected to generate a market revenue of USD 456.79 Million by the end of 2028.
Growing Demand for Glycerin from End-User Industries
Glycerin is widely used in several end-user industries for various purposes. It is widely used as a humectant and emollient in skin care products, along with other products, such as haircare products, oral care products and other cosmetic products. Presence of glycerin in these products helps to enhance the physical texture of the skin and also helps to heal the wound. Glycerin is also used widely in the pharmaceutical industry for treating rashes, cut, calluses, and others. Owing to such wide applications of glycerin, there is a rise in demand for the product from the end-user industries, which is anticipated to drive the market growth during the forecast period.
However, the concern for the availability of substitutes which are priced at a low price than glycerin is expected to operate as key restraint to the growth of global glycerin market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global glycerin market which includes company profiling of Emery Oleochemicals, Wilmar International Ltd, IOI Oleo GmbH, Kao Corporation, Croda International Plc, KLK OLEO, Cargill, Incorporated, Procter & Gamble, Godrej Industries Limited, CREMER OLEO GmbH & Co. KG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global glycerin market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.