Glycerol Market Set to Grow at over 5% CAGR until 2021-2026

Glycerol Market Set to Grow at over 5% CAGR until 2021-2026


According to the latest report by IMARC Group “Glycerol Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global glycerol market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during the forecast period (2021-2026).

Glycerol (C3H8O3) refers to a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in animals and plants. As glycerol is miscible with water, hygroscopic, and biodegradable, it is utilized in the food and beverage (F&B) industry as a solvent, filler, stabilizer, sweetener and softening agent. Glycerol is also used to manufacture vaccines, serums, suppositories, cardiac medications, cough syrups and drug solvents.

Market Trends:

A significant rise in the consumption of low-fat food products is primarily augmenting the demand for glycerol as a natural additive to color and flavor cookies, candies, shortening and ice cream. Additionally, the increasing consumption of alcoholic beverages based on rising socialization trends and changing lifestyles is also propelling the demand for glycerol in alcohol production. Besides this, as glycerol penetrates cell membranes and possesses several cryoprotective properties, it is extensively used as a protective medium for freezing sperm cells, red blood cells, eye corneas and other living tissues. Furthermore, glycerol is gaining popularity in the cosmetics and personal care sector for manufacturing toothpaste, soaps, mouthwash and skin lotions. In the coming years, the expanding applications of glycerol in fabrics, papers, printing inks and paints due to its low volatility are also catalyzing the market growth across the globe.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • ADM
  • Aemetis Inc.
  • Cargill Incorporated
  • Dow Inc.
  • Emery Oleochemicals
  • Fine Chemicals & Scientific Co.
  • Godrej Industries Limited
  • Kao Corporation.
  • KPL International Limited
  • P&G Chemicals.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Source:

  • Biodiesel
  • Fatty Alcohol
  • Fatty Acids
  • Others

Breakup by Type:

  • Crude
  • Refined

Breakup by End Use Industry:

  • Food and Beverages
  • Pharmaceuticals
  • Personal Care and Cosmetics
  • Chemicals Intermediates
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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