Summary

Glycerol Market Growth & Trends

The global glycerol market size is estimated to reach USD 5.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.9% from 2023 to 2030. 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.

The raw materials used in the production of the product are primarily vegetable oils, animal fats, sugar alcohol, and fatty acids, among others. Local manufacturers in the developed economies of Europe and North America mainly source these raw material ingredients due to the lack of availability in their regions. As glycerol is obtained from biodiesel, it is renewable in nature and a clean-burning fuel, which is widely used for industrial purposes.

The market is highly concentrated with the presence of big players like BASF SE, P&G Chemicals, Cargill Incorporated, DOW, and Wilmar International Inc. They are among the top producers of various grades of glycerol and cater to the growing demand from an array of end-use markets such as cosmetics, pharmaceuticals, feed, and food and beverage.

Asia Pacific dominated the market in 2020 and is predicted to witness the highest CAGR over the forecast period. Factors such as changing lifestyle patterns, 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.

Glycerol Market Report Highlights

• In 2022, biodiesel emerged as the dominant source segment by contributing a revenue share of 59.5%. Biodiesel is one of the most preferred sources of glycerol due to its low cost. It is a preferred alternative for conventional diesel on account of the scarcity of fossil fuels, increased pollutant emissions, and increasing costs

• Refined glycerol is generated through laboratory-controlled hydrolysis, transesterification, and saponification processes. It is derived from several kinds of vegetable oils.

• The personal care and cosmetics segment is the dominant application segment in terms of both revenue and volume, owing to the increase in demand for personal care and pharmaceutical products as a result of improving lifestyle coupled with increased health awareness among the population

• The food and beverage segment is projected to be the second-largest end-use segment over the forecast period. Glycerol acts as a humectant, solvent, sweetener, and also helps preserve foods

• Asia Pacific dominated the glycerol market and accounted for the largest revenue share of 36.40% in 2022. The region is expected to witness the fastest CAGR of 2.3% during the forecast period.

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Source
1.1.2. Product
1.1.3. Application
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Source outlook
2.2.2. Product outlook
2.2.3. Application outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Glycerol Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Glycerol Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Glycerol : Source Estimates & Trend Analysis
5.1. Glycerol Market: Key Takeaways
5.2. Glycerol Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Biodiesel
5.3.1. Biodiesel market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.4. Fatty Alcohols
5.4.1. Fatty alcohols market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.5. Fatty Acids
5.5.1. Fatty acids market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.6. Soap
5.6.1. Soap market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 6. Glycerol : Product Estimates & Trend Analysis
6.1. Glycerol Market: Key Takeaways
6.2. Glycerol Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Crude
6.3.1. Crude market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.4. Refined
6.4.1. Refined market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 7. Glycerol : Application Estimates & Trend Analysis
7.1. Glycerol Market: Key Takeaways
7.2. Glycerol Market: Movement & Market Share Analysis, 2022 & 2030
7.3. Food & Beverages
7.3.1. Food & beverages market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.4. Pharmaceutical
7.4.1. Pharmaceutical market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.5. Nutraceutical
7.5.1. Nutraceutical market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.6. Personal Care & Cosmetics
7.6.1. Personal care & cosmetics market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.7. Industrial
7.7.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.8. Others
7.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 8. Glycerol Market: Regional Estimates & Trend Analysis
8.1. Regional Outlook
8.2. Glycerol Market by Region: Key Takeaway
8.3. North America
8.3.1. U.S.
8.3.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.3.2. Canada
8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.3.3. Mexico
8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4. Europe
8.4.1. UK
8.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4.2. Germany
8.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4.3. France
8.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4.4. Italy
8.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4.5. Netherlands
8.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4.6. Russia
8.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.5. Asia Pacific
8.5.1. China
8.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.5.2. Japan
8.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.5.3. India
8.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.5.4. South Korea
8.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.6. Central & South America
8.6.1. Brazil
8.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.6.2. Argentina
8.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.7. MEA
8.7.1. Saudi Arabia
8.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.7.2. South Africa
8.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Market Participant Categorization
9.2.1. Cargill, Incorporated
9.2.1.1. Company overview
9.2.1.2. Financial performance
9.2.1.3. Product benchmarking
9.2.1.4. Strategic initiatives
9.2.2. BASF SE
9.2.2.1. Company overview
9.2.2.2. Financial performance
9.2.2.3. Product benchmarking
9.2.2.4. Strategic initiatives
9.2.3. Procter & Gamble
9.2.3.1. Company overview
9.2.3.2. Financial performance
9.2.3.3. Product benchmarking
9.2.3.4. Strategic initiatives
9.2.4. Oleon NV
9.2.4.1. Company overview
9.2.4.2. Financial performance
9.2.4.3. Product benchmarking
9.2.4.4. Strategic initiatives
9.2.5. KLK OLEO
9.2.5.1. Company overview
9.2.5.2. Financial performance
9.2.5.3. Product benchmarking
9.2.5.4. Strategic initiatives
9.2.6. Dow
9.2.6.1. Company overview
9.2.6.2. Financial performance
9.2.6.3. Product benchmarking
9.2.6.4. Strategic initiatives
9.2.7. ADM
9.2.7.1. Company overview
9.2.7.2. Financial performance
9.2.7.3. Product benchmarking
9.2.7.4. Strategic initiatives
9.2.8. Wilmar International Ltd.
9.2.8.1. Company overview
9.2.8.2. Financial performance
9.2.8.3. Product benchmarking
9.2.8.4. Strategic initiatives
9.2.9. Kao Corporation
9.2.9.1. Company overview
9.2.9.2. Financial performance
9.2.9.3. Product benchmarking
9.2.9.4. Strategic initiatives
9.2.10. Emery Oleochemicals
9.2.10.1. Company overview
9.2.10.2. Financial performance
9.2.10.3. Product benchmarking
9.2.10.4. Strategic initiatives
9.2.11. COCOCHEM
9.2.11.1. Company overview
9.2.11.2. Financial performance
9.2.11.3. Product benchmarking
9.2.11.4. Strategic initiatives
9.2.12. Godrej Industries Limited
9.2.12.1. Company overview
9.2.12.2. Financial performance
9.2.12.3. Product benchmarking
9.2.12.4. Strategic initiatives
9.2.13. Monarch Chemicals Ltd
9.2.13.1. Company overview
9.2.13.2. Financial performance
9.2.13.3. Product benchmarking
9.2.13.4. Strategic initiatives
9.2.14. Aemetis, Inc.
9.2.14.1. Company overview
9.2.14.2. Financial performance
9.2.14.3. Product benchmarking
9.2.14.4. Strategic initiatives
9.2.15. CREMER OLEO GmbH & Co. KG
9.2.15.1. Company overview
9.2.15.2. Financial performance
9.2.15.3. Product benchmarking
9.2.15.4. Strategic initiatives
9.2.16. Sakamoto Yakuhin Kogyo Co., Ltd.
9.2.16.1. Company overview
9.2.16.2. Financial performance
9.2.16.3. Product benchmarking
9.2.16.4. Strategic initiatives
9.2.17. Fine Chemicals & Scientific Co.
9.2.17.1. Company overview
9.2.17.2. Financial performance
9.2.17.3. Product benchmarking
9.2.17.4. Strategic initiatives