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Global Glycerine Market Analysis, Share, Trends, Forecast: By Process: Transesterification, Saponification, Fat Splitting; By Source: Vegetable Oils, Biodiesel, Soaps, Synthetic; By Grade: Technical Grade, Pharmaceutical Grade; By Application: Food and Beverage, Pharmaceuticals, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Glycerine Market Outlook
The global glycerine market reached a value of about USD 3.35 billion in 2023. The industry is further expected to grow at a CAGR of about 3% in the forecast period of 2024-2032 to reach a value of around USD 4.40 billion by 2032.
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Asia Pacific to be a Significant Regional Market for Glycerine
The Asia Pacific region, including significant regions like India, China, Japan, and South Korea, among others, accounts for the largest market share of glycerine. The growth can be attributed to the rapidly increasing consumption of glycerine in countries such as China, India, and South Korea for personal care products. A steady demand over the past few years for hair care and oral care products, along with rising consumer interest in colour cosmetics, is augmenting the growth of the glycerine industry in the Asia Pacific region. Health and hygiene are being promoted in India through government efforts, such as the Swachh Bharat Mission. As a result of these activities and the increased use of soaps and detergents, the soap production business has grown, increasing the need for glycerine in the country. Furthermore, with the increase in demand for soaps and detergents and sanitisers in the region, the demand for glycerine has increased during the COVID-19 pandemic. Increasing product demand from chemical intermediates manufacturers in the region and increasing demand for glycerine as a platform chemical, especially in China, further propels glycerine's overall regional demand.
Personal Care and Cosmetics Application to Hold the Largest Market Share
The growing use of the product in the personal care segment as a thickening agent, emulsifier, lubricant, and humectant, will aid the growth of this segment. The additional advantages, like low toxicity and solubility, are also expected to supplement the glycerine market growth. With the change in the demand for glycerine in soaps, handwash, and detergents during the COVID-19 pandemic, the need for glycerine has increased, particularly in the personal care industry. Some global cosmetics manufacturers, such as Johnson & Johnson, Unilever, P&G, and others, are significantly adopting natural glycerol as raw material to meet the growing demands. Hence, all such factors are expected to continue driving the demand for glycerine for its application in personal care and cosmetic products during the forecast period.
Market Segmentations
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Glycerine is a substance of saponified, hydrolysed, transesterified fats and oils. These are either manufactured from propylene or recovered in a crude state and then refined by distillation or ion exchange. Glycerine can also be made by fermenting carbohydrates or hydrogenolysis them; however, these processes are not currently used for large-scale industrial manufacturing.
Based on process, the market is segmented into:
- Transesterification
- Saponification
- Fat Splitting
The various sources of glycerine are:
- Vegetable Oils
- Biodiesel
- Soaps
- Synthetic
By grade, the market is divided into:
- Technical Grade
- Pharmaceutical Grade
The major applications of the market are:
- Food and Beverage
- Pharmaceuticals
- Alkyd Resins
- Tobacco
- Personal Care and Cosmetics
- Automotive
- Polyether Polyols
- Others
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The regional markets for the glycerine industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Growing Use in Various Applications Augmenting the Market Growth
The rise in the use of glycerine in various industrial applications is expected to propel the market during the forecast period. Glycerine is utilised in diverse industrial applications, such as personal care, pharmaceutical, food, alkyd resins, and automotive. An increase in glycerine in foods and beverages is projected to aid the market growth during the forecast period. With changing lifestyles and eating habits in developing and developed regions, the demand for fast foods or convenience foods is increasing. Thus, this growth in the demand for fast food products around the globe is likely to drive the demand for additives, such as glycerine, for use as sweeteners, solvents, or preservatives.
Another important but indirect use of glycerine in food processing is represented by monoglycerides, the glycerol esters of fatty acids, emulsifiers and stabilisers for several products. With people getting more health-conscious and the increasing ageing population, the demand for pharmaceuticals has been increasing around the globe, which has led to the high consumption of pharmaceutical ingredients and raw materials. Due to the increase in pharmaceutical product production, demand for raw materials like glycerine is predicted to rise over the forecast period. This demand growth is further attributed to growing concerns related to global climate change, stable energy, and fluctuating crude oil prices, which are expected to increase biodiesel demand, subsequently increasing the demand for glycerine during the forecast period.
Key Players in the Global Glycerine Market
The report gives a detailed analysis of the following key players in the global glycerine industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargill Incorporated
- Kao Corporation
- Wilmar International Ltd
- IOI Corporation Berhad (IOI)
- Louis Dreyfus Company
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Process |
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| Breakup by Source |
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| Breakup by Grade |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Glycerine Market Analysis
8.1 Key Industry Highlights
8.2 Global Glycerine Historical Market (2018-2023)
8.3 Global Glycerine Market Forecast (2024-2032)
8.4 Global Glycerine Market by Process
8.4.1 Transesterification
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Saponification
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fat Splitting
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Glycerine Market by Source
8.5.1 Vegetable Oils
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Biodiesel
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Soaps
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Synthetic
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Glycerine Market by Grade
8.6.1 Technical Grade
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pharmaceutical Grade
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Glycerine Market by Application
8.7.1 Food and Beverage
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmaceuticals
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Alkyd Resins
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Tobacco
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Personal Care and Cosmetics
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Automotive
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Polyether Polyols
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Glycerine Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Glycerine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Glycerine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Glycerine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Glycerine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Glycerine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cargill Incorporated
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Kao Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Wilmar International Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 IOI Corporation Berhad (IOI)
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Louis Dreyfus Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Glycerine Market: Key Industry Highlights, 2018 and 2032
2. Global Glycerine Historical Market: Breakup by Process (USD Billion), 2018-2023
3. Global Glycerine Market Forecast: Breakup by Process (USD Billion), 2024-2032
4. Global Glycerine Historical Market: Breakup by Source (USD Billion), 2018-2023
5. Global Glycerine Market Forecast: Breakup by Source (USD Billion), 2024-2032
6. Global Glycerine Historical Market: Breakup by Grade (USD Billion), 2018-2023
7. Global Glycerine Market Forecast: Breakup by Grade (USD Billion), 2024-2032
8. Global Glycerine Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Glycerine Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Glycerine Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Glycerine Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Glycerine Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Glycerine Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Glycerine Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Glycerine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Glycerine Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Glycerine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Glycerine Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Glycerine Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Glycerine Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Glycerine Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Glycerine Market Structure
Key Questions Answered in the Report
In 2023, the global glycerine market attained a value of nearly USD 3.35 billion.
The market is projected to grow at a CAGR of 3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 4.40 billion by 2032.
The major drivers of the market include the rising consumer interest in colour cosmetics, increased use of soaps and detergents, increased during the COVID-19 pandemic, increasing product demand from chemical intermediates manufacturers, rise in the use of glycerine in various industrial applications, growing health-conscious people, increasing ageing population, and growing concerns related to global climate change and fluctuating crude oil prices.
The rise in the demand for fast food products and an increase in the production of pharmaceutical products are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is segmented into transesterification, saponification, and fat splitting based on the process.
The various sources of glycerine are vegetable oils, biodiesel, soaps, and synthetic.
The market is divided into technical grades and pharmaceutical grades based on grade.
The major applications of the market are food and beverage, pharmaceuticals, alkyd resins, tobacco, personal care and cosmetics, automotive, and polyether polyols, among others.
The major players in the industry are Cargill Incorporated, Kao Corporation, Wilmar International Ltd, IOI Corporation Berhad (IOI), and Louis Dreyfus Company, among others.
Analyst Review
The global glycerine market attained a value of USD 3.35 billion in 2023, driven by the rise in the use of glycerine in various industrial applications. Aided by the rising consumer interest in colour cosmetics and increased use of soaps and detergents, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 3%. The market is projected to reach USD 4.40 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is segmented into transesterification, saponification, and fat splitting based on the process. The various sources of glycerine are vegetable oils, biodiesel, soaps, and synthetic. The market is divided into technical and pharmaceutical grades, based on grade. The major applications of the market are food and beverage, pharmaceuticals, alkyd resins, tobacco, personal care and cosmetics, automotive, and polyether polyols, among others. The major regional markets for glycerine are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Cargill Incorporated, Kao Corporation, Wilmar International Ltd, IOI Corporation Berhad (IOI), and Louis Dreyfus Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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