Glycerol Market Revenue, Growth Factors, Process, Key Companies, Forecast To 2028

The Glycerol 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. Glycerol or Glycerole 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. Glycerol or Glycerole 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. Glycerol 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 Glycerol market is growing at a substantial pace due to the growing demand for Glycerol in consumer goods applications such as personal care, cosmetics, tobacco humectants and personal lubricants, to name a few. The refined Glycerol is extensively in demand as the traditional market such as consumer goods and food beverages are solely dependent upon refined Glycerol.

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Key participants include Wilmar International Ltd., Godrej Industries, Croda International PLC, PG Chemicals, Emery Oleochemicals, Cargill Incorporated, IOI Oleo GmbH, Dow Chemical Company, Kuala Lumpur Kepong Berhad, and KAO Corporation.

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 Glycerol. 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.

Further key findings from the report suggest

NitroGlycerol, an essential ingredient used in the processing of various explosives such as dynamite, gelignite, and the smokeless propellants namely cordite, requires Glycerol as the chemical intermediate.
The food-grade edible Glycerol is used in the low-fat frozen yogurts, icy desserts, and ice creams, among others. The Glycerol are used to prevent the formation of the ice crystals in the frozen foods. The food beverages segment is expected to grow at a CAGR of 4.8% in the period 2019 to 2027.
Refined Glycerol is substantially being in demand as the consumption of Glycerol-based consumer goods are significantly rising and most of those products are made from refined Glycerol. The refined Glycerol sub-segment was valued USD 1.85 Billion in 2018. China is the largest consumer of the global refined Glycerol.
Glycerole which comes as a product of chemical reactions beginning with synthetic source, and petroleum, fall under this sub-segment. However, the market for this sub-segment synthetic Glycerole is expected to gradually diminish in the forthcoming period, since the natural source of Glycerol is readily available as a byproduct of several industrial usage.
European region is forecasted to witness a significant growth in the overall market, with 25.6% of market possession by 2027, having grown with a CAGR of 3.1% during the forecast period. Germany holds some of the most prominent players in this region.
North America, is accounted to retain a significant position in the global market with a market share of about 25.8% by 2027, with a CAGR of 4.9% during the forecast period. The United States itself packed in more than 16% of the entire market valuation in 2018.

For the purpose of this report, Reports and Data have segmented the global Glycerol market on the basis of type of Glycerol, processing, source, end-use verticals, and region:

Processing Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)

Transesterification
Fat Splitting
Saponification

Source Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)

Vegetable Oil
Petroleum
Animal Fat
Soaps

Type of Glycerol Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)

Crude
Refined

End-Use Verticals Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)

Medical Pharmaceuticals
Industrial Usage
Chemical Intermediate
Food Beverages
Consumer Goods
Others

Regional Outlook (Revenue, USD Billion; Unit, Million Tons 2016-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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Full Coverage of the Global Glycerol Market Report:

The report offers in-depth study of the global Glycerol market dynamics and offers crucial information on the leading product portfolios, application areas, distribution channels, and technological breakthroughs.
The report offers qualitative and quantitative studies of the global Glycerol industry.
The report is inclusive of a detailed overview of the key regional markets of the global Glycerol industry.
The report profiles the leading companies in the industry and highlights their financial positions, product offerings, recent developments, and business expansion plans and initiatives.

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