Glycerin Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Global glycerin market is on the cusp of significant transformation, poised for a robust growth trajectory with a projected Compound Annual Growth Rate (CAGR) of 6.1% from 2024 to 2031. This anticipated growth underscores a burgeoning demand across a spectrum of industrial applications and shifting consumer predilections, heralding expansive market prospects.

The Epicenter of Growth: Asia

Asia, specifically East and South regions, is leading the surge in glycerin consumption, both in terms of volume and value. The driving force behind this ascendancy is multifaceted, rooted in the rapid expansion of key industries such as personal care, food & beverage, and pharmaceuticals, particularly in China. This region's dominance is further bolstered by competitive production costs, cost-effective labor, and regulatory leniency, making it an attractive locale for manufacturing expansions. Consequently, a marked increase in glycerin demand is anticipated, propelled by these regional advantages.

Glycerin Market Dynamics in Developed Regions

In contrast, developed markets like Europe and North America, while also on an upward trajectory, are expected to witness moderate growth rates. This more tempered growth can be attributed to a pivot towards eco-friendly and natural personal care products, a trend gaining momentum and driving glycerin market expansion in these regions.

Biodiesel: A Catalyst for Market Expansion

A significant factor contributing to the glycerin market's expansion is the global surge in biodiesel utilization. Mandated blending regulations in various countries have led to increased biodiesel production capacities. Given that glycerin is a by-product of biodiesel production, primarily through the trans-esterification process, its production has seen substantial growth. This is evidenced by a notable uptick in US biodiesel production, underscoring the market's dynamic growth potential.

Pharma and Food Grade Glycerin: Market Dominators

The demand for high-quality glycerin in sectors such as personal care, pharmaceuticals, and food & beverage is on the rise, driven by stringent quality standards. Pharma and food-grade glycerin, adhering to these rigorous criteria, are set to capture a significant market share, reflecting the industry's commitment to quality.

Driving Forces of Growth

The Cosmetics and Personal Care Boom

The cosmetics and personal care industry's expansion is a primary growth driver for the glycerin market. This surge is fueled by steady economic growth in developing nations like China, India, Brazil, and ASEAN countries, coupled with an increase in per capita disposable income. Glycerin, integral as a humectant in cosmetics and personal care products, is poised to benefit significantly from this global demand surge.

Food & Beverage Sector's Rising Demand

Changes in lifestyle and dietary preferences have led to an increase in fast-food and convenience food consumption worldwide. This surge in fast food consumption is expected to drive the demand for additives like glycerin, utilized for sweetening, solvent, and preservative purposes.

The Pharmaceutical Sector: A Growing Glycerin Consumer

The global healthcare sector's evolution, spurred by increased health consciousness and an aging population, has led to higher spending on health-related necessities. This trend has increased the consumption of pharmaceutical ingredients and raw materials, including glycerin, to meet the rising demand for medical products.

Market Structure and Key Players

The global glycerin market exhibits a high level of consolidation, with major market shares held by Tier-1 players. A disparity in raw material prices for glycerin exists between developed and developing regions, with biodiesel being the predominant source in developed regions, while fatty acids and alcohols are primary sources in developing regions.

Global Glycerin Market is Segmented as Below:

By Form:

Refined
Crude

By Grade:

Pharma & Food Grade
Technical Grade

By Source:

Biodiesel
Soap
Fatty Acid & Fatty Alcohol
Others

By Application:

Pharmaceuticals
Food & Beverage
Alkyd Resin
Personal Care
Industrial Chemical
Polyether Polyols
Tobacco
Others

By Region:

North America
Latin America
Europe
South Asia
East Asia

Middle East & Africa (MEA)

1. Executive Summary

1.1. Global Glycerin Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Glycerin Market Outlook, 2018 - 2031

3.1. Global Glycerin Market Outlook, by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Food Grade
  - 3.1.1.2. Pharma Grade
3.2. Global Glycerin Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Biodiesel
  - 3.2.1.2. Soap
  - 3.2.1.3. Fatty Acid & Fatty Alcohol
  - 3.2.1.4. Others
3.3. Global Glycerin Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. Pharmaceuticals
  - 3.3.1.2. Food & Beverage
  - 3.3.1.3. Personal Care
  - 3.3.1.4. Industrial Chemical
  - 3.3.1.5. Polyether Polyols
  - 3.3.1.6. Tobacco
  - 3.3.1.7. Others
3.4. Global Glycerin Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America Glycerin Market Outlook, 2018 - 2031

4.1. North America Glycerin Market Outlook, by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Pharma Grade
  - 4.1.1.2. Food Grade
4.2. North America Glycerin Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Biodiesel
  - 4.2.1.2. Soap
  - 4.2.1.3. Fatty Acid & Fatty Alcohol
  - 4.2.1.4. Others
4.3. North America Glycerin Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Pharmaceuticals
  - 4.3.1.2. Food & Beverage
  - 4.3.1.3. Personal Care
  - 4.3.1.4. Industrial Chemical
  - 4.3.1.5. Polyether Polyols
  - 4.3.1.6. Tobacco
  - 4.3.1.7. Others
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Glycerin Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.4.1.2. U.S. Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.4.1.3. U.S. Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.4.1.4. Canada Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.4.1.5. Canada Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.4.1.6. Canada Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Glycerin Market Outlook, 2018 - 2031

5.1. Europe Glycerin Market Outlook, by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Pharma Grade
  - 5.1.1.2. Food Grade
5.2. Europe Glycerin Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Biodiesel
  - 5.2.1.2. Soap
  - 5.2.1.3. Fatty Acid & Fatty Alcohol
  - 5.2.1.4. Others
5.3. Europe Glycerin Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Pharmaceuticals
  - 5.3.1.2. Food & Beverage
  - 5.3.1.3. Personal Care
  - 5.3.1.4. Industrial Chemical
  - 5.3.1.5. Polyether Polyols
  - 5.3.1.6. Tobacco
  - 5.3.1.7. Others
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Glycerin Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.2. Germany Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.3. Germany Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.4. U.K. Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.5. U.K. Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.6. U.K. Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.7. France Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.8. France Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.9. France Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.10. Italy Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.11. Italy Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.12. Italy Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.13. Turkey Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.14. Turkey Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.15. Turkey Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.16. Russia Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.17. Russia Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.18. Russia Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.19. Rest of Europe Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.20. Rest of Europe Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.4.1.21. Rest of Europe Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Glycerin Market Outlook, 2018 - 2031

6.1. Asia Pacific Glycerin Market Outlook, by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Food Grade
  - 6.1.1.2. Pharma Grade
  - 6.1.1.3. Technical Grade
6.2. Asia Pacific Glycerin Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Biodiesel
  - 6.2.1.2. Soap
  - 6.2.1.3. Fatty Acid & Fatty Alcohol
  - 6.2.1.4. Others
6.3. Asia Pacific Glycerin Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Pharmaceuticals
  - 6.3.1.2. Food & Beverage
  - 6.3.1.3. Personal Care
  - 6.3.1.4. Industrial Chemical
  - 6.3.1.5. Polyether Polyols
  - 6.3.1.6. Tobacco
  - 6.3.1.7. Others
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Glycerin Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. China Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.2. China Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.3. China Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.4. Japan Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.5. Japan Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.6. Japan Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.7. South Korea Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.8. South Korea Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.9. South Korea Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.10. India Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.11. India Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.12. India Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.13. Southeast Asia Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.14. Southeast Asia Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.15. Southeast Asia Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.16. Rest of Asia Pacific Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.17. Rest of Asia Pacific Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.18. Rest of Asia Pacific Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Glycerin Market Outlook, 2018 - 2031

7.1. Latin America Glycerin Market Outlook, by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Pharma Grade
  - 7.1.1.2. Food Grade
7.2. Latin America Glycerin Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
7.3. Latin America Glycerin Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Pharmaceuticals
  - 7.3.1.2. Food & Beverage
  - 7.3.1.3. Personal Care
  - 7.3.1.4. Industrial Chemical
  - 7.3.1.5. Polyether Polyols
  - 7.3.1.6. Tobacco
  - 7.3.1.7. Others
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Glycerin Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.2. Brazil Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.3. Brazil Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.4. Mexico Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.5. Mexico Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.6. Mexico Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.7. Argentina Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.8. Argentina Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.9. Argentina Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.10. Rest of Latin America Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.11. Rest of Latin America Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.12. Rest of Latin America Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Glycerin Market Outlook, 2018 - 2031

8.1. Middle East & Africa Glycerin Market Outlook, by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Pharma Grade
  - 8.1.1.2. Food Grade
8.2. Middle East & Africa Glycerin Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Biodiesel
  - 8.2.1.2. Soap
  - 8.2.1.3. Fatty Acid & Fatty Alcohol
  - 8.2.1.4. Others
8.3. Middle East & Africa Glycerin Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Pharmaceuticals
  - 8.3.1.2. Food & Beverage
  - 8.3.1.3. Personal Care
  - 8.3.1.4. Industrial Chemical
  - 8.3.1.5. Polyether Polyols
  - 8.3.1.6. Tobacco
  - 8.3.1.7. Others
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Glycerin Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.2. GCC Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.3. GCC Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.4. South Africa Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.5. South Africa Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.6. South Africa Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.7. Egypt Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.8. Egypt Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.9. Egypt Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.10. Rest of Middle East & Africa Glycerin Market by Grade, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.11. Rest of Middle East & Africa Glycerin Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.12. Rest of Middle East & Africa Glycerin Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Application vs by Source Heat map
9.2. Manufacturer vs by Source Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. BASF SE
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Dupont
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Croda International Plc
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Huntsman Corporation
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Shanghai Fine Chemical Co., Ltd
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Pilot Chemical Company
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Galaxy Surfactants
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. SEPPIC S.A.
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. LG Hosehold & Healthcare Ltd
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development

10. Appendix

10.1.Research Methodology
10.2.Report Assumptions
10.3.Acronyms and Abbreviations