Press Release
Press Release
The market is being propelled by the growing demand for glycerine in the personal care and cosmetics sector. With the rising focus on skincare, especially by the Gen-Z and millennial population, glycerine is increasingly utilised as a vital ingredient in skincare products owing to its various benefits. The increasing launches of cosmetics and skincare products containing glycerine are also significantly contributing to the growth of the market. As the inclination toward skin brightness and hydration is surging, glycerine finds extensive application in face care products such as face cleansers and serums, thereby augmenting the market expansion. Furthermore, glycerine is used as a thickener for topical ointments in the pharmaceutical sector. It is also used to enhance the palpability of lozenges and cough syrups owing to its naturally sweet taste. Due to its sweetening properties, glycerine is also utilised in the food and beverage sector, which is anticipated to provide impetus to the market growth in the forecast period.
Some of the leading companies in the market are Wilmar International Ltd (SGX: F34) and Louis Dreyfus Company. The latter offers refined glycerine, pharmaceutical glycerol, USP glycerine, and USP food-grade glycerine. The company produces its refined glycerine in Wittenberg, Germany, and Claypool, Indiana. The latter is the largest fully-integrated plant in North America, and it manufacturers its vegetable feedstock on-site from oilseeds. Moreover, the company’s USP food-grade glycerine is halal and kosher certified while meeting EU Pharmacopoeia, USP, and FCC specifications. Such offerings by the leading companies are leading to a surge in demand for glycerine in various end-use sectors, which is significantly contributing to the market expansion.
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The major players in the global glycerine market are Cargill Incorporated, Kao Corporation, Wilmar International Ltd, IOI Corporation Berhad (IOI), and Louis Dreyfus Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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