Glycerine Market

Global Glycerine Market Size (2024 to 2032)

The global glycerine market was valued at USD 3.91 billion in 2023 and is anticipated to reach USD 4.19 billion in 2024 from USD 7.31 billion by 2032, growing at a CAGR of 7.2% from 2024 to 2032.

Glycerine which is also known as glycerol, is a polyhydric alcohol majorly found in vegetable and animal oil. The product is derived from either natural resources or petroleum feedstock and is generated during the manufacturing process of biodiesel and soap. The market has numerous applications in medical formulations, industrial chemical manufacturing, and moisture retention. It is also extensively utilized in the food industry as a sweetener and humectant.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Glycerine Market By Source

Growing demand for natural ingredients among end-use shoppers with respect to cosmetics, food & beverages, and personal care Industries is predicted to contribute significantly towards the growth of the market.

Global Glycerine Market By Process

Transesterification of triglycerides with alcohols is a reaction that's extensively employed in biodiesel production plants. The growing demand for renewable sources of energy is predicted to drive the biodiesel market over the next decade, thereby driving the growth of the overall Glycerine market.

Global Glycerine Market By Application

The personal care segment is projected to develop at the highest growth rate during the forecast period.

REGIONAL ANALYSIS

The Asia-Pacific region is the largest marketplace for glycerol, in terms of revenue, followed by Europe and North America. The expansion is mainly attributed to the increasing consumption in countries like China, India, and Japan, with regards to personal care products. A significant rise in demand for hair care and oral care products are also leading to the expansion of the Glycerine market..

KEY MARKET PLAYERS

The Dow Chemical Company, Procter & Gamble, Parchem fine & specialty chemicals, NOW Foods, Essential Depot, VVF L.L.C, Cargill Incorporation, Dutch Glycerin Refinery (DGR), Avril Group, Inc. some of the market players dominate the global glycerine market.

DETAILED SEGMENTATION OF THE GLOBAL GLYCERINE MARKET INCLUDED IN THIS REPORT

This research report on the global glycerine market is segmented and sub-segmented into the following categories.

By Source

• Vegetable Oils
• Synthetic
• Soaps
• Biodiesel

By Process

• Saponification
• Transesterification
• Fat Splitting

By Application

• Industrial chemicals
• Food and Beverages
• Personal Care
• others 

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa