The Glycerin market is projected to grow at a rate of 4.30% in terms of value, from 2020 to reach USD 4,603.0 Million by 2028. Glycerin or Glycerine is a simple polyol organic compound having multiple hydroxyl groups with a clear, odorless, and viscous liquid formation. The data & information provided by the report have been obtained through meticulous research on the market. Glycerin or Glycerine is a simple polyol organic compound having multiple hydroxyl groups with a clear, odorless, viscous liquid formation. This viscous liquid naturally comes with a sweet taste. It is derived from both natural and synthetic sources. Glycerin is widely obtained through the transesterification process where animal fats or vegetable oils are mixed with alcohol in the presence of a catalyst. The global glycerin market is growing at a substantial pace due to the growing demand for glycerin in consumer goods applications such as personal care, cosmetics, tobacco humectants and personal lubricants, to name a few. The refined glycerin is extensively in demand as the traditional market such as consumer goods and food & beverages are solely dependent upon refined glycerin.
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The Asia Pacific market is forecasted to generate the highest revenue of USD 1.63 Billion in the year 2027, owing to its extensive demand in consumer goods, such as personal care, cosmetics, and others. China and the United States are likely to retain their superiority with the highest rate of consumption of refined glycerin. China and India are some of the fastest-growing markets globally, while Germany and the United States hold some of the most prominent players in the market.
Key participants include Wilmar International Ltd., Godrej Industries, Croda International PLC, P&G Chemicals, Emery Oleochemicals, Cargill Incorporated, IOI Oleo GmbH, Dow Chemical Company, Kuala Lumpur Kepong Berhad, and KAO Corporation.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global glycerin market on the basis of type of glycerin, processing, source, end-use verticals, and region:
Processing Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)
Type of Glycerin Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)
Source Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)
End-Use Verticals Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)
Regional Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)
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