Global Market Study on Glycerin: Asia Pacific Expected to Emerge as the Most Attractive Market by 2024


  • Published On : Sep-2016 |
  • Pages : 205 Pages |
  • Format :

Persistence Market Research provides an overview of the global glycerin market for the period 2016-2024 in a newly published report. The report covers an exhaustive analysis of the global glycerin market on the basis of grade, source of production, application, and region in terms of market value and volume. The primary objective of this report is to provide insights on the global glycerin market dynamics, pricing analysis, value chain analysis, competition landscape, and other qualitative analysis frameworks, including absolute dollar opportunity analysis, market attractiveness analysis, and Y-o-Y growth comparison by segments in order to support stakeholders with pertinent decision making insights and extensive market analysis. This report provides information and forecast for the consumption of glycerin across the globe over the forecast period 2016–2024; the forecast is developed on the basis of macroeconomic factors and industry growth driving factors. Examples of such factors are biodiesel production, chemical industry growth, personal care and cosmetic product consumption rate, food and beverage industry growth rate, and historical growth of top market players.

To understand consumption patterns and assess opportunities in the global glycerin market, the report is divided into four categories – grade, source of production, application, and region. The report also includes an in-depth analysis of key drivers and restraints witnessed in the market. Key trends observed across the value chain are also included to provide better decision-making insights. The subsequent sections analyze the global glycerin market on the basis of grade, source of production, application, and region; and present comprehensive market projections for the period 2016–2024.

In the final section of the report, a detailed competitive landscape is included to provide report audiences with a dashboard view of key players operating in the global glycerin market. This section highlights recent developments, business strategies, and a detailed SWOT analysis of key market players active in the global glycerin market. The leading companies profiled in the report are Croda International Plc, Kuala Lumpur Kepong Berhad, Archer Daniels Midland Company, Procter & Gamble Chemicals, Kao Corporation, The Dow Chemical Company, Godrej Industries Ltd., Emery Oleochemicals, and Sakamoto Yakuhin kogyo Co. Ltd.

Research methodology

To deduce market size, the report considers various aspects based on detailed primary and secondary research. Key data points such as region-wise split and market split by grade, source of production, and application; and qualitative inputs from key industry stakeholders have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses total revenue generated and expected revenue contribution in the global glycerin market. The report begins with sizing the market in terms of value and volume and this forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, the data is triangulated via different analyses based on supply side and demand side drivers as well as various dynamics of the global glycerin market. Given the ever-fluctuating nature of the economy, the report not only provides forecasts in terms of CAGR but also performs analysis on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.

Another key feature of this report is analysis of the global glycerin market performance and the corresponding revenue forecast in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective. Persistence Market Research has also developed a market attractiveness index to understand key segments in terms of their growth and performance and to help providers identify existing market opportunities in the global glycerin market.

Glycerin, also referred to as glycerol or 1,2,3-propanetriol, is a polyhydric alcohol and part of triglycerides mainly found in vegetable and animal oil. Glycerin is derived either from natural resources or from petroleum feedstock. It is a byproduct generated during the manufacturing of biodiesel and soap. Some of the prominent applications of Glycerin include its use for moisture retention or as humectant in personal care. It is also used in medical formulations and industrial chemical manufacturing. In volume terms, global consumption of glycerin is expected to stand at 3,859 KT by the end of 2016. The global glycerin market is expected to register a volume CAGR of 4.0% over the forecast period (2016–2024). Increasing use of glycerin in personal care products is expected to lead to an increase in global glycerin consumption over the forecast period.

Market dynamics

An increasing production of biodiesel and the regulations related to it; rising efforts towards the development of novel applications; and a growing preference and demand for bio-renewable chemicals are factors that are likely to boost the growth of the global glycerin market over the forecast period. However, fluctuations in supply as well as availability of substitutes is likely to hinder growth of the global glycerin market over the forecast period. 

Market forecast by segmentation

The global glycerin market is segmented on the basis of Grade (Crude Glycerin, Refined Glycerin), Source (Biodiesel, Soap, Fatty Acid & Fatty Alcohol, Others), and Application (Pharmaceuticals, Food & Beverage, Alkyd Resins, Personal Care, Industrial Chemicals, Polyether Polyols, Tobacco, Others). The global sales revenue of the Refined Glycerin segment is projected to register a CAGR of 5.7% during the forecast period while the global sales revenue of the Crude Glycerin segment is expected to increase at a CAGR of 4.6% during the forecast period. The Refined Glycerin segment is likely to emerge as the most attractive segment in the global glycerin market by the end of the forecast period. 

The Biodiesel segment is estimated to account for 60.7% market share in terms of value by 2016 end and is expected to exhibit significant growth over the forecast period. The Fatty Acid & Fatty Alcohol segment is projected to expand at a CAGR of 5.5% during the forecast period. 

The Personal Care segment is estimated to account for 30.4% market share in terms of value by the end of 2016 and is expected to exhibit significant growth over the forecast period. The Food & Beverage segment is projected to expand at a CAGR of 5.5% during the forecast period. 

Key markets

The global glycerin market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific market is estimated to account for 40.0% value share in the global glycerin market by the end of 2016 and is projected to exhibit the highest growth rate during the forecast period as compared to the other regions. Sales revenue of glycerin in North America and Europe is projected to expand at CAGRs of 4.9% and 4.5% respectively during the forecast period.

glycerin market market bytes

Leading market players

Croda International Plc, Kuala Lumpur Kepong Berhad, Archer Daniels Midland Company, Procter & Gamble Chemicals, Kao Corporation, The Dow Chemical Company, Godrej Industries Ltd., Emery Oleochemicals, and Sakamoto Yakuhin kogyo Co. Ltd. are the leading companies currently dominating the global glycerin market. Over the past five years, there has been an increasing number of consolidations in the glycerin production industry. This is primarily attributed to efforts among companies towards meeting the increasing demand for glycerin and gaining access to high-growth markets of Asia Pacific as well as to strengthen their foothold in regions such as Europe and North America. Glycerin producers are focusing on the development of cost-effective procedures for refining crude glycerin to obtain refined grades such as technical grade and United States Pharmacopeia (USP) glycerin grade, which are value-added products.

Company Profile

  • Croda International
  • Kuala Lumpur Kepong Berhad
  • Procter & Gamble Chemical
  • Archer Daniel Midland
  • Emery Oleochemicals Llc
  • Dow Chemical Company
  • Kao Corporation
  • Godrej Industrries Ltd
  • Sakamoto Yakuhin Kogyo Company Ltd
  • Others
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