Glycerol Market 2022-27: Size, Demand, Scope, Growth And Forecast

According to the latest report by IMARC Group “Glycerol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global glycerol market is expected to exhibit a CAGR of 7.2% during 2022-2027.

Glycerol (C3H8O3) refers to a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in animals and plants. As glycerol is miscible with water, hygroscopic, and biodegradable, it is utilized in the food and beverage (F&B) industry as a solvent, filler, stabilizer, sweetener and softening agent. Glycerol is also used to manufacture vaccines, serums, suppositories, cardiac medications, cough syrups and drug solvents.

Market Trends:

A significant rise in the consumption of low-fat food products is primarily augmenting the demand for glycerol as a natural additive to color and flavor cookies, candies, shortening and ice cream. Additionally, the increasing consumption of alcoholic beverages based on rising socialization trends and changing lifestyles is also propelling the demand for glycerol in alcohol production. Besides this, as glycerol penetrates cell membranes and possesses several cryoprotective properties, it is extensively used as a protective medium for freezing sperm cells, red blood cells, eye corneas and other living tissues. Furthermore, glycerol is gaining popularity in the cosmetics and personal care sector for manufacturing toothpaste, soaps, mouthwash and skin lotions. In the coming years, the expanding applications of glycerol in fabrics, papers, printing inks and paints due to its low volatility are also catalyzing the market growth across the globe.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

ADM

Aemetis Inc.

BASF SE

Cargill Incorporated

CREMER OIL GmbH & Co. KG

Dow Inc.

Emery Oleochemicals

Fine Chemicals & Scientific Co.

Godrej Industries Limited

As a Corporation.

VOICE CLOCK

KPL International Limited

P&G Chemicals.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Source:

Biodiesel

Fatty Alcohol

Fatty Acids

Others

Breakup by Type:

Crude

Refined

Breakup by End Use Industry:

Food and Beverages

Pharmaceuticals

Personal Care and Cosmetics

Chemicals Intermediates

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

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