Market Research Report
Pharmaceutical Glycerine Market By Application (Excipient, Glycerin As Care Product): Global Opportunity Analysis and Industry Forecast, 2020-2030
|Pharmaceutical Glycerine Market By Application (Excipient, Glycerin As Care Product): Global Opportunity Analysis and Industry Forecast, 2020-2030|
Published: March 1, 2022
Allied Market Research
Content info: 180 Pages
Delivery time: 2-3 business days
The global pharmaceutical glycerin market was valued at $89.89 million in 2020, and is projected to reach $246.48 million by 2030, registering a CAGR of 11.0% from 2021 to 2030.
The total volume of global pharmaceutical glycerin market was 132,000 tons in 2020, and is projected to reach 243,641 tons by 2030, registering a CAGR of 6.6% from 2021 to 2030.
Glycerol is a colorless syrupy liquid that is used medically as a laxative, given orally as an enema, or in the form of suppositories. Glycerol has multiple uses in food, chemical, pharmaceutical, and biotechnological industries as a sweetener, a humectant, a solvent, or as feeding stock for microbial cultures.
The pharmaceutical glycerin market is witnessing tremendous growth, owing to antimicrobial and antiviral properties. It is widely used in pharmaceutical preparations as a means of improving smoothness, providing lubrication, and treating skin damage. It also finds its application in allergen immunotherapies, cough syrups, elixirs and expectorants, glycerin soaps, and water-based personal lubricants. Nitro-glycerin is one of the most common treatments for treating chronic angina, chest pain, and heart disease. The medication of Glycerin is used as a moisturizer to treat or prevent dry, rough, scaly, itchy skin and minor skin irritations in the healthcare industry. Growth in demand for glycerin in the pharmaceutical industry. Glycerin is used as a humectant and emollient in skincare, hair care, oral care, and cosmetics among others to enhance physical texture, inducing keratinocyte proliferation, healing wounds, and reducing melanin intensity. In addition, growing skincare and beauty & personal care industry, coupled with aging population and increasing self-consciousness are some of the additional factors anticipated to contribute toward the market growth. Apart from this, high demand for glycerin in the personal care and cosmetics industry is also estimated to accelerate growth of the market during the forecast period. Glycerin is used widely in hand sanitizers and in oral healthcare products. Owing to the COVID-19 pandemic, demand for hand sanitizers witnessed a massive surge, thereby leading to rise in need among manufacturers of hand sanitizers to source glycerin in high quantities. On the other hand, increase in oral health diseases globally, which according to the statistics by the World Health Organization (WHO) is recorded to affect 3.5 Billion people, is also anticipated to propel the market growth.
Rise in inclination of consumers toward natural personal care and cosmetics products is set to propel the glycerin market growth in the coming years. This mainly occurs, owing to increasing awareness programs among masses regarding harmful effects of chemical ingredients.
The pharmaceutical glycerin market in this report is studied on the basis of application and region. On the basis of application, the market is divided as excipient and glycerin as a care product. Excipients are further divided into fillers & plasticizer, solubilizer & emulsifier, solvent, diluent & base, lubricant, thickener, and sweetener. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Region wise, Asia-Pacific dominated the market in 2020, and is expected to maintain it in the forecast period, owing to the high presence of top glycerin-producing countries such as Malaysia, Indonesia, India, and Japan has resulted in a competitive environment in terms of production technologies and securing production capacities in the region. Also, on account of the favorable growth of end-use industries in China, India, and South East Asia, the region is expected to register the fastest growth during the foreseeable period.
The major players operating in the Global Pharmaceutical Glycerin market are Archer Daniels Midland Company, Cargill Inc., DuPont de Nemours, Inc., Emery Oleo chemicals Group, Godrej Group, Procter and Gamble Co., Reagents, Renewable Energy Group Inc., The Chemical Company, and Universal Preserv-A-Chem, Inc. These players adopted product launch, collaboration, and merger & acquisition as their key developmental strategies.
Key Benefits For Stakeholders
This report provides a quantitativepharmaceutical glycerine market analysis of the market segments, current trends, estimations, and dynamics of the pharmaceutical glycerine market size analysis from 2020 to 2030 to identify the prevailing pharmaceutical glycerine market opportunities.
Pharmaceutical glycerine market trends from various industries and countries have been studied for understanding individual demand and supply patterns.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the pharmaceutical glycerine market opportunity segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global pharmaceutical glycerine market growth trends, key players, market segments, application areas, and market growth strategies.
[S1]Update from amr rd and consider it final