Global Glycerin Market – Industry Analysis and Forecast (2019-2026)
Global Glycerin Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 7.48% during forecast period.
Increasing awareness among consumers about the profits of natural ingredients is expected to benefit the development of the global glycerin market in the personal care, pharmaceuticals & healthcare, and food & beverages segments. Increasing scope of application of glycerin in producing chemical intermediates is also estimated to hold the largest market share during the forecast period.
On the basis of the application segment, the industrial applications represent the bulk of the demand for glycerine. High demand for glycerin in toothpaste, facial creams, and other cosmetics is estimated to hold the largest market share during the forecast period. Glycerin is used for pharmaceutical and medical preparations, providing lubrication, mainly as means for improving smoothness, and humectants. It is used in cough elixirs, syrups, and expectorants. Glycerin is used for excipient uses only in the personal care industry, and serves as a humectant, solvent, and lubricant. It is used as a moisturizing agent in facial creams and other cosmetic products to keep the skin soft and replace skin moisture. It is the basic media for toothpaste which maintains its desired smoothness and viscosity and gives shine to the paste
Based on the grade segment, technical grade glycerin is a refined and purified product, and requires the glycerin to be minimum 98% pure, with no traces of methanol, salts, or any other contaminants. Technical grade glycerin acts as a platform chemical for the manufacture of chemical intermediates. Improved use of chemicals like 1, 3 propanediol, and alkyd resins, propylene glycol, and epichlorohydrin in end-use industries like tobacco, construction, furniture, and paint & coatings is estimated to drive the technical grade global glycerin market.
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The global glycerin market is highly modest, with a large number of small players, especially in South East Asia. The global glycerin market is led by various players, depending upon their core capabilities. Expansions and mergers & acquisitions are the major strategies that were implemented over the past three years.
In terms of region, The Asia-Pacific region is expected to hold the largest market share during forecast period. The growth can be attributed to the rapidly increasing consumption of glycerin in countries like China, India, and South Korea for personal care products. A stable request since the past few years for hair care and oral care products along with growing customer interest in color cosmetics boosted the development of the global glycerin market in the Asia-Pacific region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global glycerin market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global glycerin market.
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Scope of the Global Glycerin Market
Global Glycerin Market, By Process
• Transesterification
• Saponification
• Fat Splitting
Global Glycerin Market, By Source
• Vegetable Oils
• Biodiesel
• Soaps
• Synthetic
Global Glycerin Market, By Grade
• Technical Grade
• Pharmaceutical Grade
Global Glycerin Market, By Application
• Industrial Application
o Pharmaceuticals & Healthcare
o Food & Beverages
o Personal Care
o Automotive
o Polyether Polyols
o Alkyd Resins
o Tobacco
o Other Applications
• Chemical Intermediate
o Propylene Glycol
o Epichlorohydrin
o 1,3 Propanediol
o Acrolein
o Glycerol Carbonate
o Glycol Substitute
o Others
Global Glycerin Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Glycerin Market
• Emery Oleochemicals
• IOI Oleochemicals
• Wilmar International Ltd.
• Kuala Lumpur Kepong Berhad
• Godrej Industries
• Croda International PLC
• Cargill Incorporated
• P&G Chemicals
• KAO Corporation
• Avril Group
• The DOW Chemical Company (Olin Corporation)
• Cremer Oleo GmbH & Co. Kg
• PT Smart TBK
• Vitusa Products Inc.
• PT. Bakrie Sumatera Plantations TBK
• Twin Rivers Technologies Inc.
• Pacific Oleochemicals Sdn Bhd
• PT Sumi Asih Oleochemicals Industry
• Vegetable Vitamin Foods Company (VVF)
• Sakamoto Yakuhin Kogyo Co., Ltd.
• PT Cisadane Raya Chemicals
• Timur Oleochemicals.
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MAJOR TOC OF THE REPORT
Chapter One: Glycerin Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Glycerin Market Competition, by Players
Chapter Four: Global Glycerin Market Size by Regions
Chapter Five: North America Glycerin Revenue by Countries
Chapter Six: Europe Glycerin Revenue by Countries
Chapter Seven: Asia-Pacific Glycerin Revenue by Countries
Chapter Eight: South America Glycerin Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Glycerin by Countries
Chapter Ten: Global Glycerin Market Segment by Type
Chapter Eleven: Global Glycerin Market Segment by Application
Chapter Twelve: Global Glycerin Market Size Forecast (2019-2026)
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