Global Glycerine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Glycerine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Glycerine (otherwise known as glycerin or glycerol) is a small, naturally occurring molecule that is used in a wide range of products including cosmetics, medicine and food. It is a colorless, odorless, viscous liquid that is sweet-tasting and non-toxic. Because it has antimicrobial and antiviral properties, it is widely used in wound and burn treatments. It is also widely used as a sweetener in the food industry and as a humectant in pharmaceutical formulations.

Market Overview:

The latest research study on the global Glycerine market finds that the global Glycerine market reached a value of USD 3296.83 million in 2022. It’s expected that the market will achieve USD 3712.77 million by 2028, exhibiting a CAGR of 2.0% during the forecast period.

Glycerol is a well-known organic polyol compound, which is widely used in many traditional industrial fields, such as chemical industry, food, medicine and cosmetics. In most cases, glycerin can be used directly after being refined. However, when used in the food, pharmaceutical and cosmetic industries, the impurity content in refined glycerin must meet specific requirements.

1 Drivers

1.1 The development of the pharmaceutical industry brings market potential for glycerin.
1.2 The development of cosmetics and personal care products brings new opportunities for glycerin.

2 Glycerine Market Challenges

There are generally three preparation methods for glycerin. Different preparation methods face different challenges, and the manufacturing process needs to be continuously improved.

3 Restraints

3.1 Glycerin has strict regulatory policies.
3.2 Adjustment under sustainable development.

Region Overview:

Asia-Pacific was the largest revenue market with a market share of 46.07% in 2017 and 46.65% in 2022, an increase of 0.58%. In 2022, Europe market share was 28.40%, ranking second.

Company Overview:

The industry concentrate rate is relatively moderate. The market share of the top three companies in 2021 was 31.79%. The top three companies are Wilmar International, IOI Oleochemicals and KLK OLEO, with the revenue market share of 14.43%, 9.45% and 7.91% in 2021.

Segmentation Overview:

Crude
Crude glycerine is merely glycerine in a less pure form. Crude glycerol comprises a mixture of compound usually consist of water, ash, soap, methanol, etc. It can be used by different industries: oleochemistry, biogas, animal feed. Crude glycerin in this article only counts the part used for end use.

Refined

Glycerine with glycerol content between 92 and 99.8%. It can be used in food or pharmaceutical industries

By type, Refined segment accounted for the largest share of market in 2021.

Application Overview:

Cosmetics and Personal Care

Glycerine used in cosmetics and Personal Care as thickener, and humecant or moisturiser.

Food

In food and beverages, glycerol serves as a humectant, solvent, and sweetener, and may help preserve foods. It is also used as filler in commercially prepared low-fat foods (e.g., cookies), and as a thickening agent in liqueurs.

Tobacco

Glycerin is applied to cigarette tobacco to improve moisture holding characteristics of tobacco and act as a surface active agent for flavor application.

Chemicals

Glycerol is used to produce nitroglycerin, which is an essential ingredient of various explosives such as dynamite, gelignite, and propellants like cordite. Glycerin can also be used in the production of alkyd resins, epoxy resins, antifreeze, etc.

Pharmaceutical

Glycerin is mildly antimicrobial and antiviral and is an FDA-approved treatment for wounds. And glycerol is used in medical and pharmaceutical, often as a means of improving smoothness, providing lubrication, and as a humectant.

By application, the Cosmetics and Personal Care segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Glycerine market covered in Chapter 3:

Godrej Industries
Qingyuan Futai
Musim MAS
Shuangma Chemical
Cargill
Emery Oleochemicals
Wilmar International
Louis Dreyfus Company
P&G Chemicals
IOI Oleochemicals
KLK OLEO
Vance Bioenergy
Cambridge Olein
Oleon

In Chapter 4 and Chapter 14.2, on the basis of types, the Glycerine market from 2018 to 2029 is primarily split into:

Refined
Crude

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Glycerine market from 2018 to 2029 covers:

Cosmetics and Personal Care
Food
Tobacco
Chemicals
Pharmaceutical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)