What are the growth opportunities and trend analysis of Glycerol Market?

Posted on 2022-08-23 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Aug 23, 2022 — /EPR Network/ —

Glycerol Industry Overview

The global glycerol market size was valued at USD 2.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% in terms of revenue from 2021 to 2027.

This is attributed to its increasing demand from food, pharmaceutical, and nutraceutical industries. The product is widely being used in several food products including processed meat, condensed milk, and bakery products.

There is a rise in the consumer preference for glycerol as it is non-toxic and has excellent nutritive values attached to it. It can be derived naturally as well as from petrochemical feedstock. The demand for the product is likely to augment globally in the coming years as it is easy to store, and does not harm the environment. Moreover, it is widely used for improving hydration levels and performance levels in athletes, skin conditions, and helps relieve constipation as well. These factors are likely to positively affect the growth of the market for glycerol over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Glycerol market

Glycerol is available in two forms in the market – crude form and refined form. The crude form is obtained from the production of biodiesel, which is in its raw form and then sold to large refineries for further processing. It acts as an outstanding source of calories for non-ruminants such as swine, hens, and broilers. The refined form of the product is hygroscope in nature and is used in different applications such as pharmaceuticals, polyether polyols, food and beverages, and alkyd resins.

Glycerol is formed via hydrolysis reaction, saponification, and transesterification during biodiesel production. The substance that is produced has various impurities in it such as remaining wastewater, soaps, salts, esters, and catalysts. It is converted/purified into valuable products during the manufacturing process of biodiesel. Glycerol is manufactured by the hydrolysis of fats and natural oils from animals and plants. The synthesis of the product in yeasts and other organisms takes place through dephosphorylation of glycerol 3 phosphates.

The prices of raw materials play a crucial role in the market for glycerol. Other costs that come into play apart from those of raw materials include pre-operational costs, capital investments, and working capital. Also, pre-operating costs include installation, setup, capitalized interests, project engineering and management, and commissioning costs. Increasing prices of fossil fuels have led to a rise in the prices of biodiesel, thus triggering the prices at a global level.

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Glycerol Market Segmentation

Grand View Research has segmented the global glycerol market on the basis of source, type, end-use, and region:

Glycerol Source Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- Biodiesel
- Fatty Alcohols
- Fatty Acids
- Soap
Glycerol Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- Crude
- Refined
Glycerol End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- Food & Beverage
- Pharmaceutical
- Nutraceutical
- Personal Care & Cosmetics
- Industrial
- Others
Glycerol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa

Key Companies profiled:

Some prominent players in the global Glycerol market include

Cargill Incorporated
BASF SE
Procter & Gamble Chemicals
Oleon NV
KLK OLEO
Dow Chemical Company
ADM
Wilmar International Ltd
Pacific Oleochemicals Sdn Bhd
Kao Corporation
Emery Oleochemicals
United Coconut Chemicals, Inc.
Godrej Industries Limited
Monarch Chemicals Limited
Aemetis Inc.
CREMER OLEO GmbH & Co. KG
Sakamoto Yakuhin Kogyo Co., Ltd.
Fine Chemicals & Scientific Co.

Order a free sample PDF of the Glycerol Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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