Global Glycerin Market Analysis Report 2022: Market to Reach $3.4 Billion by 2026

Global market for glycerin

DUBLIN, Sept. 19, 2022 (GLOBE NEWSWIRE) — The Glycerin – Global Market Trajectory & Analytics report has been added ResearchAndMarkets.com Offer.

The global glycerin market is projected to reach $3.4 billion by 2026

The global glycerin market, valued at US$2.6 billion in 2022, is projected to reach a revised size of US$3.4 billion by 2026, growing at a CAGR of 6.1% over the analysis period.

Growth in the global market is being driven by increasing demand from end-use industries and a strong contribution from developing regions, particularly Asia-Pacific.

The increasing production of biodiesel has resulted in an abundant supply of raw glycerin that can be used directly in animal feed, as a dust suppressant, coal freeze protection and grain storage. The oversupply and the resulting drop in prices have made it possible to use glycerin for energy production.

In addition, the glut of crude glycerin has led to the availability of technical grade glycerin, which is used in industrial applications such as the manufacture of propylene glycol and epichlorohydrin. The glycerin market is expected to benefit significantly from increasing demand for refined glycerin from new applications and epichlorohydrin production, mainly in Europe and Asia.

The market will also benefit from the growing trend towards organic, natural and eco-friendly products and raw materials. Demand for vegetable glycerine from soya, coconut or palm trees is likely to benefit in particular.

Transesterification, one of the segments analyzed in the report, is expected to grow at a CAGR of 6.4% to reach US$1.7 billion by the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the Saponification segment is adjusted to a revised annual growth rate of 5% for the next 7 years.

This segment currently accounts for a 31.3% share of the global glycerin market. The raw glycerine produced during the process accounts for 10% of the world’s total biodiesel production. The growing share of biodiesel is attributed to remarkable advances in the transesterification process, which uses fatty acid or biodiesel to produce glycerol. The process is extremely inexpensive for the large-scale production of glycerol.

The US market is valued at US$415.6 million in 2022, while China is expected to reach US$808.6 million by 2026

The story goes on

The glycerin market in the USA is valued at US$415.6 million in 2022. The country currently has a 16.2% share of the world market. China, the second largest economy in the world, is expected to reach an estimated market size of US$808.6 million in 2026, representing a CAGR of 7.8% over the analysis period.

Other notable geographic markets include Japan and Canada, which are forecast to grow 4.3% and 5.5%, respectively, over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR, while the rest of the European market (as defined in the study) will reach $874.1 million by the end of the analysis period.

The Asia-Pacific region is an important regional market for refined glycerin in the world. Driven by the increasing use of glycerin in consumer goods, pharmaceuticals and other industries, the region is poised for sustained growth.

The market is also benefiting from the increasing use of glycerin in the personal care sector in South Korea, China and India. The North American market benefits from the increasing demand for glycerin from the pharmaceutical and personal care industries.

Fat Splitting Segment is expected to reach $756.7 million by 2026

In the global Fat Splitting segment, the US, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets, which collectively account for a market size of $363.6 million, will reach a projected size of $571.4 million by the end of the analysis period.

China will remain one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India and South Korea, the Asia-Pacific market is projected to reach US$141.8 million by 2026, while Latin America is set to grow at a CAGR of 8% over the analysis period.

What’s new for 2022?

• Global competitiveness and percentage market shares of key competitors

• Market Presence in Multiple Regions – Strong/Active/Niche/Trivial

• Interactive online peer-to-peer collaborative customized updates

• Access to the digital archive

• Free updates for one year

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

• Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)

• Effects of the COVID-19 pandemic and the looming global recession

• 2020 is a year of disruption and transformation

• An Introduction to Glycerin

• Designations for glycerin qualities

• Natural and synthetic forms of glycerin

• manufacturing processes

• An overview of the main regulations for the use of glycerin

• Glycerin: A non-toxic polyol compound with widespread uses

• Global market prospects and outlook

• Market drivers in brief

• Transesterification is leading the global glycerin market

• Biodiesel production turns out to be the main source of glycerol

• Emerging economies at the forefront of glycerin market growth

• contest

• world brands

• Current market activity

2. FOCUS ON SELECTED PLAYERS (total 92 recommended)

• Aekyung Industrial Co., Ltd.

• Archer Daniels Midland Company

• BASF SE

• Cargill, Inc.

• CREMER OLEO GmbH & Co. KG

• Croda International Plc

• Eco-green oleochemicals

• Godrej Industries Ltd.

• IOI group

• Kao Corporation

• KLK OLEO

• Pacific Oleochemicals Sdn Bhd

• PMC Biogenix, Inc.

• Procter & Gamble Chemicals

• pt. Cisadane Raya Chemicals

• pt. Sumi Asih Oleochemical Industry

• Sakamoto Yakuhin Kogyo Co., Ltd.

• Thai Glycerin Co.,Ltd.

• Twin Rivers Technologies, Inc.

• Vance Bioenergy Sdn. Bhd.

3. MARKET TRENDS & DRIVERS

• The use of glycerin in various industrial applications improves the market prospects

• Growing role of glycerin in the food and beverage industry bodes well for the market

• Stable demand for packaged foods, supported by a growing population, sustains demand for food-grade glycerin

• The food and beverage industry remains stable amid the pandemic

• Using healthy ingredients to increase athletic endurance to drive demand for glycerin in sports and fitness nutrition products

• Personal care products and cosmetics are developing into an important end-user market for glycerin

• The impact of COVID-19 on the personal care industry is affecting glycerin demand

• Beneficial Properties of Glycerin for Skin Care Products

• The appetite for cosmetics is fueled by consumers’ focus on maintaining their physical appearance, driving demand for glycerin

• The strong demand for effective anti-aging solutions throws the spotlight on glycerin as a valuable ingredient to combat the effects of aging skin

• The shift to natural ingredients in personal care products is fueling demand for glycerin

• Increase in Hand Sanitizer Sales Amid COVID-19 Pandemic Supports Glycerin Market

• market to capitalize on the growing role of glycerin in the pharmaceutical industry

• Strong global spending on pharmaceuticals and the resulting boost in pharmaceutical manufacturing are expanding glycerol applications in the pharmaceutical sector

• Trends in biodiesel production are setting the tone for crude glycerol production
  Emerging new uses of crude glycerin promise growth for the glycerin market

• The purification of glycerin derived from biodiesel presents a challenge

• Petroleum-derived Commodity Prices: A critical factor affecting glycerin demand

• Glycerin is emerging as a high-profile macro-ingredient in animal feed

• Focus on livestock productivity and the resulting focus on feed efficiency and management is driving demand for glycerine-enriched animal feed

• Glycerin as a renewable raw material for chemicals to benefit from the shift to sustainable production practices

• Sound developments in renewable chemicals and developments in glycerol hydrogenolysis, etherification and dehydration to advance the use of glycerol as a renewable feedstock in the manufacture of commodity chemicals

• Technical versatility of glycerin expands application possibilities in the industrial sector

• Growing focus on hydrogen as a clean fuel to drive the use of glycerol in hydrogen gas production

• Increasing production of hydrogen gas to use glycerine as a potential feedstock for hydrogen production

• The vegetable glycerin market is poised for healthy growth

• Government initiatives to increase glycerin consumption

• Glycerin is emerging as a cost-effective and sustainable alternative for powering marine engines

• Crude glycerine as a raw material for biogas production

• Glycerin pellets: A potential fuel source

• Some other innovative uses of raw glycerin

• Substitution Threat: A Key Challenge for the Glycerin Market

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report, visit https://www.researchandmarkets.com/r/etro80

Appendix

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