Glycerine Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Nov 2021

[Online Quarterly Update] The Glycerine Market has grown at 2.5 million tonnes in 2020 and is projected to achieve a healthy CAGR of 4.8% in the forecast period until 2030. Glycerine also known as Glycerol, is a simple compound of Polyol. It is a colorless, odorless, and sweet-tasting viscous liquid that is significantly non-toxic in nature. It is extensively used as a humectant in pharmaceutical and cosmetic formulations and as a sweetener in the food and beverages industry. It contains hydroxyl groups which are responsible for its solubility in water and its hygroscopic nature. Glycerol is generally produced from plant and animal sources where it is present in triglycerides, esters of glycerol with long-chain carboxylic acids. The hydrolysis, transesterification, or saponification of these triglycerides results in the production of Glycerine. It can also be synthesized by different routes of propene.
 
Due to having antimicrobial and antiviral properties, it is widely used in cosmetic, pharmaceutical, and personal care preparations as a means of improving smoothness, providing lubrication, and treating skin damage. It also finds its application in allergen immunotherapies, cough syrups, elixirs and expectorants, glycerine soaps, and water-based personal lubricants. Nitro-glycerine is one of the most common treatments for treating chronic angina, chest pain, and heart disease. The medication of Glycerine is used as a moisturizer to treat or prevent dry, rough, scaly, itchy skin and minor skin irritations in the healthcare industry. The market is segmented into pharmaceuticals, cosmetics, food & beverages, personal care, automotive, polyether polyols, and others based on numerous applications.
 
Rapidly growing demand for Glycerine for the manufacturing of cosmetic and skincare products as it is very good for skin and helps in repairing the skin barrier and reducing trans epidermal water loss is driving the Glycerine market especially in emerging countries like China. The cosmetic and healthcare industry has been growing at a robust rate in the past few years and is forecasted to achieve an impressive rate in the future as well. Rising awareness regarding hygiene is further propelling the demand for Glycerine by the cosmetic and healthcare industry and is likely to boost the market globally in upcoming years. Increasing demand for Glycerine in the food & beverage industry as a sugar substitute and for preserving food items is expected to accelerate the Glycerine market around the world in the next few years. Exponentially increasing demand for Glycerine for medical and pharmaceutical applications is anticipated to drive the Glycerine market across the globe in the future. On the basis of type, the Glycerine market is divided into technical grade and pharmaceutical grade. The growing demand for refined and purified glycerine to manufacture pharmaceutical, personal care, and food & beverage products is likely to positively influence the demand for technical and pharmaceutical food-grade glycerine in upcoming years. 
 
The Glycerine market was negatively affected globally due to the outbreak of coronavirus. Government authorities in many countries imposed countrywide lockdowns and strict social distancing norms, which led to the decline in demand and sales of Glycerine in the first half of 2020. The pandemic severely hindered the cosmetic industry. However, the demand for Glycerine surged during the covid times in the pharmaceutical and healthcare industry due to the increased demand for hand handwash, sanitizers, soaps, and detergents.
 
Among different regions, the Asia Pacific region is dominating the Glycerine market across the globe owing to the continuously increasing demand for glycerine by the cosmetics and healthcare industries especially in emerging countries such as China and India. As China is one of the major consumers of Glycerine, rapidly increasing demand in other end-use industries, including pharmaceutical, automotive, food and beverages, and others, is likely to boost the Glycerine market in the Asia Pacific region. The initiatives in India such as In Swachh Bharat Abhiyan, to increase awareness regarding health and hygiene is likely to propel the Glycerine market in the future. 
 
Major players for Glycerine include BASF SE, DowDupont, Croda International Plc, Huntsman Corporation, Shanghai Fine Chemical Co., Ltd, Pilot Chemical Company, Galaxy Surfactants, SEPPIC S.A., LG Household & Healthcare Ltd., Emery Oleochemicals, IOI Oleochemicals, Wilmar International, KLK Berhad, Godrej Industries, and Others. 
 
Years considered for this report:

Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
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Objective of the Study: 

• To assess the demand-supply scenario of Glycerine which covers production, demand and supply of Glycerine market globally.
• To analyse and forecast the market size of Glycerine.
• To classify and forecast Glycerine market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for Glycerine market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Glycerine market.
• To identify and analyse the profile of leading players involved in the manufacturing of Glycerine.
 
 
To extract data for Glycerine market, primary research surveys were conducted with Glycerine manufacturers, suppliers, distributors, wholesalers and Graders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Grader segments and projected a positive outlook for Glycerine market over the coming years. 
 
ChemAnalyst calculated Glycerine demand globally by analyzing the historical data and demand forecast which was carried out considering imported Glycerine, styrene prices, monomers used for production of Glycerine. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:

• Glycerine manufacturers and other stakeholders
• Organizations, forums and alliances related to Glycerine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Glycerine manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:

In this report, Glycerine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
2.5 Million Tons
Growth Rate
CAGR of 4.8% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. Application (Pharmaceuticals, Cosmetics, Food & Beverages, Personal care, Automotive, Polyether polyols, and Others)
2. Grade (Technical and Pharmaceutical)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
BASF SE, DowDupont, Croda International Plc, Huntsman Corporation, Shanghai Fine Chemical Co., Ltd, Pilot Chemical Company, Galaxy Surfactants, SEPPIC S.A., LG Hosehold & Healthcare Ltd., Emery Oleochemicals, IOI Oleochemicals, Wilmar International, KLK Berhad, Godrej Industries, and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
 
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Frequently Asked Questions (FAQ):

What are the major end-use applications of Glycerine? 

Glycerine is widely used in various applications including pharmaceuticals, cosmetics, food & beverages, personal care, automotive, polyether polyols, and others.

Which region demands the maximum share in the Glycerine market as of 2020?

Asia-Pacific region holds the maximum share of the Glycerine market globally owing to the developments in the major end-user industries. 

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