Glycerol Market - Forecast(2024 - 2030)

Report Code: CMR 0878 Report Format: PDF + Excel
Glycerol Market Overview

Glycerol Market size is forecast to reach $3.3 billion by 2025, after growing at a CAGR of 4.1% during 2020-2025. With rise in the consumption of personal care products, including toothpaste, hair conditioner, cosmetics, and moisturizers, the Glycerol market is witnessing an increase in demand. Growing public interest towards glycerol due to its non-toxicity and nutrition values will further enhance the overall market demand for Glycerol during the forecast period. 

Report Coverage

The report: “Glycerol Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Glycerol Industry. 
By Source – Biodiesel, Fatty Acids, Fatty Alcohols, Others.
By Application - Personal care & pharmaceuticals, Alkyd Resins, Foods & beverages, Polyether polyols, Tobacco humectants, Others.
By Geography – North America, South America, Europe, APAC, RoW. 

Key Takeaways

  • Asia-Pacific dominates the Glycerol market owing to increasing demand from applications such as personal care & pharmaceuticals, Alkyd Resins and Others. 
  • Glycerol is widely used in many consumer products due to its non-toxicity and nutrition values, which will increase the market demand for Glycerol in the near future.
  • Impact of COVID 19, is likely to aid in the market growth of Glycerol Market.
  • High raw materials costs owing to increasing demand from food and pharmaceuticals applications are likely to create small hurdles for glycerol market.

Source - Segment Analysis

Biodiesel segment holds the largest share in the Glycerol market. Biodiesel is a renewable, clean-burning diesel replacement that can be used in existing diesel engines without modification. It is domestically produced, commercially available advanced biofuel. Biodiesel is made through a chemical process called transesterification whereby the glycerin is separated from the fat or vegetable oil. The process leaves behind two products – methyl esters and glycerin. Biodiesel is an alternative fuel similar to conventional or ‘fossil’ diesel. Biodiesel can be produced from straight vegetable oil, animal oil/fats, tallow and waste cooking oil. Most biodiesel produced at present is produced from waste vegetable oil sourced from restaurants, chip shops, industrial food producers such as Birdseye etc. Though oil straight from the agricultural industry represents the greatest potential source it is not being produced commercially simply because the raw oil is too expensive.

Application - Segment Analysis

Personal Care & Pharmaceuticals sector has been the primary market. Glycerol is widely used in many skin products for its nutritive value and healing properties. In addition, it has laxative and sweet tasting features. It is also incorporated in many health products. The increase in demand for these products as a result of improved lifestyle and awareness are key factors in driving the growth of this segment. Glycerin is used safely in numerous cosmetics and personal care products such as soaps, toothpaste, shaving cream, and skin/hair care products to provide smoothness and lubrication. It is also a well-known humectant that prevents the loss of moisture from products so they don’t dry out as quickly. Other functions for glycerin include use as a fragrance ingredient, denaturant, hair conditioning agent, oral care agent, skin conditioning agent— humectant, skin protectant, oral health care drug, and viscosity decreasing agent. Saponification of an oil/fat with caustic soda formed soap and soap lye.

Geography - Segment Analysis

Europe has dominated the Glycerol market with a share of more than xx%, followed by APAC & North America. Countries such as France, Italy, UK, and Germany are the major regions in Europe. Europe has been a dominant consumer of glycerol market due to high demand in segments of personal care, pharmaceuticals, and food & beverages. Use of glycerol as a raw material is on the rise for the production of epichlorohydrin and propylene glycol. According to UNICEF,  till 1948 all glycerol was obtained as a by-product in making soaps from animal and vegetable fats and oils, but industrial syntheses based on propylene or sugar has accounted for an increasingly large percentage of production since that time.  Glycerol has numerous uses. It is a basic ingredient in the gums and resins used to make many modern protective coatings such as automotive enamels and exterior house paints.

Glycerol Market Drivers

Impact of COVID 19

The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. But essential goods market have seen a sudden boost in the market growth because of the rise in demand. In the earlier phase of lockdown, it was so sudden that all essential goods in mall and supermarkets were wiped out in just few days.

Being Non-Toxic

Glycerol is widely used in many consumer products due to its non-toxicity and nutrition values, which will increase the market demand for Glycerol in the near future. Glycerol or glycerin is a colourless, odourless, viscous liquid that is sweet-tasting and mostly non-toxic. It is widely used in the food industry as a sweetener and humectant and in pharmaceutical formulations. Glycerol is an important component of triglycerides (i. e. fats and oils) and of phospholipids. Glycerol is a three-carbon substance that forms the backbone of fatty acids in fats. When the body uses stored fat as a source of energy, glycerol and fatty acids are released into the bloodstream. The glycerol component can be converted into glucose by the liver and provides energy for cellular metabolism. 

Glycerol Market Challenges

High raw materials cost

High raw materials costs owing to increasing demand from food and pharmaceuticals applications are likely to create small hurdles for glycerol market. Because of the high raw material cost, the main product cost will become higher due to which the demand of product in the market will get lower down and eventually the growth of market will be get hampered. Crude glycerol obtained from the biodiesel plant consists of glycerol, water, organic and inorganic salts, soap, alcohol, traces of glycerides and vegetable colour.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Glycerol market. In 2019, the market of Glycerol has been consolidated by the top five players accounting for xx% of the share. Major players in the Glycerol Market are BASF, Wilmar International, Procter & Gamble Chemicals, Solvay SA, Kuala Lumpur Kepong Berhad, among others. 

Acquisitions/Technology Launches

In July 2019, Solvay has entered into a definitive merger agreement with U.S.-based Cytec to acquire 100% of its share capital for US$ 75.25 per share in cash. 
1.Glycerol Market- Market Overview
    1.1 Definitions and Scope
2.Glycerol Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Source
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3.Glycerol Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4.Glycerol Market - Startup companies Scenario Premium Premium  
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5.Glycerol Market– Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6.Glycerol Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7.Glycerol Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors 
8.Glycerol Market– By Source (Market Size -$Million)
    8.1 Biodiesel
    8.2 Fatty Acids
    8.3 Fatty Alcohols
    8.4 Others
9.Glycerol Market– By Application (Market Size -$Million)
    9.1 Personal care & pharmaceuticals
    9.2 Alkyd Resins
    9.3 Foods & beverages
    9.4 Polyether polyols
    9.5 Tobacco humectants
    9.6 Others
10.Glycerol Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Spain
        10.3.7 Netherlands
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
   Saudi Arabia
   Rest of Middle East
        10.5.2 Africa
   South Africa
   Rest of Africa
11.Glycerol Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12.Market Share Analysis Premium
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13.Glycerol Market- List of Key Companies by Country Premium  
14.Glycerol Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"