Press Release

Global Glycerine Market to Reach USD 4.40 Billion by 2032, Driven by the Growing Demand for Glycerine in the Personal Care and Cosmetics Sector

Global Glycerine Market

According to a new report by EMR titled, ‘Global Glycerine Market Report and Forecast 2024-2032’, the global glycerine market size reached approximately USD 3.35 billion in 2023. The market is projected to grow at a CAGR of 3% between 2024 and 2032, reaching a value of around USD 4.40 billion by 2032.

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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Market Analysis by Process, Source, Grade, Application, and Region:

  • The market, on the basis of process, can be divided into transesterification, saponification, and fat splitting.
  • Based on source, the market can be divided into vegetable oils, biodiesel, soaps, and synthetic.
  • The major grades of glycerine include technical grade and pharmaceutical grade.
  • By application, the market is classified into food and beverage, pharmaceuticals, alkyd resins, tobacco, personal care and cosmetics, automotive, and polyether polyols, among others.
  • The regional markets for glycerine include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The growing use of glycerine in personal care products such as oral care and hair care products is driving the market growth.
  • The market is being supported by the rising utilisation of glycerine as an emulsifier, thickening agent, humectant, and lubricant, among others, in the cosmetics and personal care sector.
  • The rising demand for glycerine in various industrial applications in end-use sectors such as pharmaceuticals, food, and automotive, among others, is bolstering the market growth.
  • The surging demand for pharmaceutical products owing to rising health-consciousness is bolstering the use of glycerine, thereby providing impetus to the market growth.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for glycerine for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the processes, sources, grades, applications, and major regions of glycerine.
  • It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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