Glycerol Market Opportunities & Forecast 2022-2030
The global Glycerol market size is expected to be worth around US$ 8.7 billion by 2030, according to a new report by Vision Research Reports.
The global Glycerol market size was valued at US$ 4.4 billion in 2020 and is anticipated to grow at a CAGR of 7.4% during forecast period 2021 to 2030.
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Report Coverage
Report Scope | Details |
Market Size | USD 8.7 billion by 2030 |
Growth Rate | CAGR of 7.4% From 2021 to 2030 |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Source, type, end-use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Cargill Incorporated; BASF SE; Procter & Gamble Chemicals; Oleon NV; KLK OLEO; Dow Chemical Company; ADM; Wilmar International Ltd.; Pacific Oleochemicals Sdn Bhd; Kao Corporation; Emery Oleochemicals; United Coconut Chemicals, Inc.; Godrej Industries Limited; Monarch Chemicals Limited; Aemetis Inc.; CREMER OLEO GmbH & Co. KG; Sakamoto Yakuhin Kogyo Co., Ltd.; Fine Chemicals & Scientific Co |
Growth Factors
Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is 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 plants and animals. growing consumption of convenience foods, and the rising number of working women in the region are anticipated to boost the food and beverage market in the predicted years. This, in turn, is anticipated to drive the demand for glycerol in the region.
By Source Analysis
Biodiesel was the dominating source segment in the market for glycerol in 2020 and accounted for the largest revenue share of 60.5%. The segment is anticipated to witness a CAGR of 7.3% in the coming years.
The soap segment accounted for more than 10.0% of the revenue share in 2020. This is attributed to increasing demand for soaps mainly in the personal care application, as it imparts moisture to the skin, which is anticipated to positively impact market growth over the forecast period.
The fatty alcohols segment is predicted to witness the highest CAGR in the forecast period. This is attributed to its wide usage in the manufacturing of surfactants and detergents. Also, they are used as industrial solvents and as components in the cosmetics, and food and beverage industries.
By Type Analysis
The refined segment dominated the market for glycerol and accounted for the largest revenue share of 76.0% in 2020. Refined glycerin is a colorless, odorless, water-soluble, viscous liquid with a high boiling point.
Refined glycerol is generated through laboratory-controlled hydrolysis, transesterification, and saponification processes. It is derived from several kinds of vegetable oils. Further refining of crude glycerol depends on the economics and the availability of production facilities in a particular region.
The crude segment is predicted to witness a CAGR of 7.9% in the predicted years. Crude glycerol mostly contains impurities such as free fatty acids and methanol, making it a less preferred product in the market for glycerol.
By End-use Analysis
The personal care and cosmetics segment dominated the market for glycerol and accounted for the largest revenue share of 41.8% in 2020. This is attributed to an increase in demand for personal care and pharmaceutical products as a result of improving lifestyle, coupled with increasing health awareness among the population in emerging economies across the Asia Pacific and Latin America.
The pharmaceutical segment is projected to witness the most significant CAGR in the forecast period. This is attributed to the usage of the product in pharmaceuticals owing to its nutritive value and healing properties.
By Regional Analysis
Asia Pacific dominated the glycerol market and accounted for the largest revenue share of 36.0% in 2020. The region is predicted to witness the highest CAGR of 6.9% in the coming years. This is attributed to changing lifestyle patterns, growing consumption of convenience foods, and the rising number of working women in the region.
Europe was the second-largest regional market in 2020 and accounted for around 30.0% of the revenue share. This is attributed to the large investments by major players in the cosmetics industry, growing consumer expenditure, and the launch of new and innovative products in the personal care segment.
Key Players
- Cargill Incorporated
- BASF SE
- Procter & Gamble Chemicals
- Oleon NV
- KLK OLEO
- Dow Chemical Company
- ADM
- Wilmar International Ltd.
- Pacific Oleochemicals Sdn Bhd
- Kao Corporation
- Emery Oleochemicals
- United Coconut Chemicals, Inc.
- Godrej Industries Limited
- Monarch Chemicals Limited
- Aemetis Inc.
- CREMER OLEO GmbH & Co. KG
- Sakamoto Yakuhin Kogyo Co., Ltd.
- Fine Chemicals & Scientific Co.
Market Segmentation
- By Source
- Biodiesel
- Fatty Alcohols
- Fatty Acids
- Soap
- By Type
- Crude
- Refined
- By End-use
- Food & Beverage
- Pharmaceutical
- Nutraceutical
- Personal Care & Cosmetics
- Industrial
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- Netherlands
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Glycerol Market, By Source
7.1. Glycerol Market, by Source, 2021-2030
7.1.1. Biodiesel
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Fatty Alcohols
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Fatty Acids
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Soap
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Glycerol Market, By Type
8.1. Glycerol Market, by Type, 2021-2030
8.1.1. Crude
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Refined
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Glycerol Market, By End User
9.1. Glycerol Market, by End User, 2021-2030
9.1.1. Food & Beverage
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Pharmaceutical
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Nutraceutical
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Personal Care & Cosmetics
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Industrial
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Glycerol Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Source (2017-2030)
10.1.2. Market Revenue and Forecast, by Type (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Source (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Source (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Source (2017-2030)
10.2.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Source (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Source (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Source (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Source (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Source (2017-2030)
10.3.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Source (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Source (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Source (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Source (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Source (2017-2030)
10.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Source (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Source (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Source (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Source (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Source (2017-2030)
10.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Source (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Source (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Type (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Cargill Incorporated
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. BASF SE
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Procter & Gamble Chemicals
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Oleon NV
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. KLK OLEO
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Dow Chemical Company
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. ADM
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Wilmar International Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Pacific Oleochemicals Sdn Bhd
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Kao Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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