Glycerol Market by Source, Application, and Geography - Forecast and Analysis 2021-2025

The glycerol market share is expected to increase by USD 1.18 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.55%.

This glycerol market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glycerol market segmentation by application (pharma and personal care, foods and beverages, alkyd resins, polyether polyols, and others), source (biodiesel, fatty acids, fatty alcohols, and soap industry), and geography (APAC, North America, Europe, South America, and MEA). The glycerol market report also offers information on several market vendors, including Aemetis Inc., Archer Daniels Midland Co., Cargill Inc., Croda International Plc, Dow Inc., Emery Oleochemicals LLC, IOI Corporation Berhad, Lumitos AG, The Procter and Gamble Co., and Wilmar International Ltd. among others.

What will the Glycerol Market Size be During the Forecast Period?

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"Increasing demand for non-petroleum product alternatives for cosmetics will facilitate the glycerol esters market growth in APAC over the forecast period."

Glycerol Market: Key Drivers, Trends, and Challenges

The favorable government policies is notably driving the glycerol market growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glycerol industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Glycerol Market Driver

The favorable government policies is one of the key drivers supporting the glycerol market share growth.  Acid rains, greenhouse gas emissions, ozone layer depletion, air pollution, and effects of chemical fertilizers and pesticides on water bodies are being closely monitored by the regulatory bodies. Meanwhile, glycerol has been earmarked as an eco-friendly product that does not contribute to greenhouse gas emissions, hazardous pollutants, and VOCs and, thus, is promoted by the government and preferred by the consumers. REACH has implemented certain rules in Europe to promote the use of oleochemicals and biodegradable substances to manufacture surfactants and detergents. This has had a significant impact on the glycerol market in Europe as it is widely used in products such as finger paints, anti-freeze products, biocides, and others. Thus, favorable government policies are expected to significantly drive the growth of the global glycerol market during the forecast period as well.

Key Glycerol Market Trend

The increasing demand for glycerol in propylene glycol and epichlorohydrin production is another factor supporting the glycerol market share growth. It is mainly used in the synthesis of propylene glycol and epichlorohydrin as well as their derivatives. Epichlorohydrin is manufactured by treating glycerol and hydrogen chloride. There is an increasing demand for epichlorohydrin as it is used as a precursor in the synthesis of many organic compounds, such as glycidyl nitrate, which is used in propellants and explosives. In addition, epichlorohydrin is used to manufacture tea bags and coffee filters and in water purification applications. Thus, the demand for propylene glycol and epichlorohydrin is expected to augment market growth during the forecast period.

Key Glycerol Market Challenge

The fluctuating raw materials prices may impede the market growth during the forecast period. Vegetable oil or animal fat are the two main raw materials required to manufacture glycerol. The supply of animal fat remains inelastic, owing to farmers and ranchers not raising their animals for fat and the year-on-year production rate being marginally flat. This has been the major factor underlying the fluctuating prices of animal fat. Furthermore, the demand for these raw materials has increased in producing biodiesel, which has also contributed to the increase in animal fat and vegetable oil prices. Thus, the inelastic raw material supply and the fluctuations in the prices of these materials are hindering the market growth during the forecast period.

This glycerol market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the glycerol market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glycerol market during the forecast period.

Who are the Major Glycerol Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Aemetis Inc.
• Archer Daniels Midland Co.
• Cargill Inc.
• Croda International Plc
• Dow Inc.
• Emery Oleochemicals LLC
• IOI Corporation Berhad
• Lumitos AG
• The Procter and Gamble Co.
• Wilmar International Ltd.

 

This statistical study of the glycerol market encompasses successful business strategies deployed by the key vendors. The glycerol market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Aemetis Inc. - The company offers glycerol which is colorless and oderless.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The glycerol market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Glycerol Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the glycerol market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the commodity chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Glycerol Market?

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50% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the glycerol market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased demand for glycerol from the pharma and personal care segment will facilitate the glycerol market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 affected the regional market due to the imposition of restrictions, which led to shutdowns in the glycerol manufacturing units. Glycerol, which is also used in hand sanitizers, recorded an increase in demand during the pandemic. However, in the course of the pandemic, the country's hand sanitizer manufacturing potential went up. Thus, the glycerol demand in the market increased during the pandemic and is expected to continue during the forecast period.

What are the Revenue-generating Source Segments in the Glycerol Market?

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The glycerol market share growth by the biodiesel segment will be significant during the forecast period. As many countries are focusing on reducing carbon footprints, the demand for biofuel is on the rise. Meanwhile, as glycerol is a by-product, which is obtained during the production of biodiesel, an increase in the consumption of biodiesel is likely to propel the market's growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the glycerol market size and actionable market insights on post COVID-19 impact on each segment.

 

Glycerol Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 7.55%
Market growth 2021-2025	$ 1.18 billion
Market structure	Fragmented
YoY growth (%)	7.18
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 50%
Key consumer countries	US, China, Japan, Germany, and Brazil
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aemetis Inc., Archer Daniels Midland Co., Cargill Inc., Croda International Plc, Dow Inc., Emery Oleochemicals LLC, IOI Corporation Berhad, Lumitos AG, The Procter and Gamble Co., and Wilmar International Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Glycerol Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive glycerol market growth during the next five years
• Precise estimation of the glycerol market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the glycerol industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of glycerol market vendors

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