Glycerin Market by Source (Biodiesel, Fats & Oils, Petrochemical), Grade (Crude Glycerin, Refined Glycerin), End-use - Global Forecast 2024-2030

Glycerin Market by Source (Biodiesel, Fats & Oils, Petrochemical), Grade (Crude Glycerin, Refined Glycerin), End-use - Global Forecast 2024-2030

The Glycerin Market size was estimated at USD 2.03 billion in 2023 and expected to reach USD 2.14 billion in 2024, at a CAGR 5.47% to reach USD 2.95 billion by 2030.

Glycerin, or glycerol, is a simple compound belonging to the alcohol family. It is a colorless, odorless, viscous liquid known for its ability to attract moisture, which makes it beneficial in skincare products, food, and pharmaceuticals to help maintain moisture content and improve texture. Glycerin is derived from natural sources comprising animal fats and vegetable oils or can be synthetically produced. In addition to its moisturizing properties, it is also used as a solvent, sweetener, and preservative. Growing consumer trend towards products that contain natural ingredients. Diversified applications across numerous industries and an increase in adopting sustainable and eco-friendly production methods, including bio-based glycerin production, support the market's growth. However, significant product recalls, compatibility concerns and complexities of sustainable output hinder the glycerin market growth. Nevertheless, the adoption of advanced production technologies in the glycerin industry and rising investments in R&D focused on increasing the purity and efficiency of glycerin are expected to create potential growth avenues for glycerin market expansion.

Regional Insights

The glycerin market has evolved in the Americas due to its advanced industrial sector and comprehensive consumer goods market. The increasing demand for biodiesel, which produces glycerin as a byproduct, contributes to market growth. Consumer behaviors here lean towards eco-friendly and sustainable products, which boost the use of glycerin in sectors such as pharmaceuticals, food, and personal care. Recent investments are primarily directed towards technological enhancements in production processes and recycling methods. EU countries have strict regulations regarding chemical manufacturing, which drives the demand for natural and sustainable chemicals, including glycerin. Significant research in the EU is oriented towards environmental impact reduction and glycerin's role in circular economies, such as using glycerin derived from bio-waste. In the Middle East, the glycerin market is relatively nascent but growing, driven by expanding industrial bases and rising awareness about sustainable chemicals. The African market for glycerin is emerging with the gradual industrialization across the continent. Current initiatives primarily focus on local sourcing and processing of glycerin to boost self-sufficiency and reduce import dependency. Investments are often channeled into developing comprehensive industrial parks with glycerin production facilities. The Asia-Pacific focus is increasing production efficiency and integrating glycerin processes in various industries, including pharmaceuticals and automotive. A notable number of patents are being registered for innovative applications of glycerin in pollution control and as a renewable resource. Furthermore, in some APAC countries, the glycerin market is driven by high-tech research and development, with a significant focus on cosmetic and pharmaceutical applications. Recent government initiatives aim to boost the bio-diesel industry, indirectly supporting the glycerin industry through increased byproduct production.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Glycerin Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Surge in demand for skincare and pharmaceutical products
Expansion of the food and beverage sector across the world
Growing infrastructure projects and building initiatives and need for advanced humectant and plasticizer components

Market Restraints

Variabilities in the quality of glycerine and performance limitations

Market Opportunities

Ongoing advancements to improve the safety, performance, and efficiency of glycerine
Efforts to incorporate sustainable methods for the production of glycerine

Market Challenges

Complexities in manufacture of glycerine and environmental concerns

Market Segmentation Analysis

Source: Proliferating emphasis on deriving glycerin from the biodiesel production
End-use: Significant utilization of glycerin in the personal care industry

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glycerin Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glycerin Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ADM Enhances Global Position with Strategic Acquisition of Brazilian Glycerine Producer

Archer Daniels Midland Company (ADM) completed the acquisition of a leading Brazilian glycerine producer, Buckminster Química. This strategic move aimed to boost ADM’s capabilities in producing value-added products, including refined glycerine, which is used across various industries such as pharmaceuticals, food, and cosmetics. This expansion emphasizes ADM’s commitment to enhancing its global footprint, thereby strengthening its position in the global agricultural processing and food ingredients sector.

Strategic Alliance between Lootah Biofuels and Deasyl Sets New Benchmarks in Biofuel and Glycerol Enhancement Technologies

Lootah Biofuels entered into a strategic partnership with Deasyl to pioneer advancements in biofuel production and glycerol utilization. This collaboration aims to enhance the sustainability and efficiency of biofuel manufacturing processes and explore innovative applications for glycerol, a byproduct of biodiesel production. By leveraging Deasyl's expertise and technology, the partnership is set to develop more environmentally friendly solutions, reduce waste, and create additional value from glycerol, with global sustainability objectives.

Louis Dreyfus Company Strengthens Market Position with New Glycerin Refining Plant in Indonesia

Louis Dreyfus Company (LDC) inaugurated a new glycerin refining plant in Lampung, Indonesia. This development is part of LDC's broader efforts to enhance its value chain by focusing on producing higher-value refined products. This move strengthens LDC's global supply chain capabilities and contributes to the local economy by creating job opportunities and promoting sustainable practices within the region.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glycerin Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Glycerin Market, highlighting leading vendors and their innovative profiles. These include ATLAS FINE CHEMICALS PRIVATE LIMITED., BASF SE, Cargill, Incorporated., Ecogreen Oleochemicals Pte Ltd., EMERY OLEOCHEMICALS LLC, Godrej Industries Limited, IOI Corporation Berhad., Kao Corporation, KLK OLEO, Louis Dreyfus Holding BV, Musim Mas Group, Oleon NV by Avril Group, PT.SUMI ASIH, Sakamoto Yakuhin Kogyo, Co., Ltd., THAI GLYCERINE CO., LTD., The Dow Chemical Company, The Procter & Gamble Company, Twin Rivers Technologies, Inc. by FGV Holdings., Vantage Specialty Chemicals, Inc., VVF LLC, and Wilmar International Limited.

Market Segmentation & Coverage

This research report categorizes the Glycerin Market to forecast the revenues and analyze trends in each of the following sub-markets:

Source
Biodiesel
Fats & Oils
Petrochemical
Grade
Crude Glycerin
Refined Glycerin
End-use
Chemical & Materials
Food & Beverages
Personal Care
Pharmaceuticals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year