The global Crude Glycerin market is projected to reach USD 12 Billion by 2030, growing at a CAGR of 15%
The global crude glycerin market is projected to register revenue by value USD 1,115.3 million by 2026. Crude glycerin is a by-product of the biodiesel production process, which is made from animal fats and vegetable oil. Glycerin is a commercial term for glycerol, a substance that includes glycerol. Glycerin, which also comprises soaps, methanol, water, and salts, has around 40-90 percent glycerol. Cosmetics, waste water treatment, and animal feeds are just a few of the applications for crude glycerin. Biodiesel consumption has risen rapidly in Europe and North America, owing to rising demand for alternative fuels and a growing preference for bio-renewable chemicals.
As environmental concerns and greenhouse gas emissions have grown, so has the use of biodiesel. Carbon dioxide, sulphur and nitrogen oxides, as well as carbon monoxide, are all decreased when biodiesel is utilized as an alternative energy source. Crude glycerin production has grown as a result of the growing use of biodiesel. The crude glycerin market is expanding as a result of increased demand from developing economies, technical developments, and significant investments in R&D by important businesses. As a result of increased industry, urbanization, and wastewater treatment demand, the crude glycerin market is growing. Crude glycerin is used as an external carbon source for wastewater treatment to help eliminate nitrogen forms more effectively.
Furthermore, due to increased demand from various sectors for animal feed, biogas among others; crude glycerin usage is rapidly increasing. As a result, a growth in crude glycerin' end-use applications is boosting the market share of crude glycerin. Cremer Oleo GmbH & Co. KG, Cargill, Renewable Energy Group, Inc. Oleon NV, Pasand Speciality Chemicals, Aemetis, Inc. Abengoa Bioenergia SA and Peter Cremer are among major players focusing on the research and development of advanced products.
The main players in the global crude glycerin market are STOCKMEIER Chemie GmbH & Co. KG, GF Energy, Cremer Oleo GmbH & Co. KG, Cargill, Renewable Energy Group, Inc. Oleon NV, Pasand Speciality Chemicals, Aemetis, Inc. Abengoa Bioenergia SA and Peter Cremer. In order to increase their profitability, they are also investing in and acquiring small businesses. Market concentration will be high due to the industry's intense competition, as major businesses with large market shares focus on expanding their client base across foreign marketplaces. To gain a better position in the global market, major rivals in the target market are using a variety of business techniques, including innovative solutions, partnerships, mergers and acquisitions, strategic alliances, and significant investments.
Crude Glycerin Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 12 BillioN|
|Growth Rate||CAGR of 15% during 2021-2030|
|Segment Covered||Glycerol Content, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||U.S. STOCKMEIER Chemie GmbH & Co. KG, GF Energy, Cremer Oleo GmbH & Co. KG, Cargill, Renewable Energy Group, Inc. Oleon NV, Pasand Speciality Chemicals, Aemetis, Inc. Abengoa Bioenergia SA and Peter Cremer|
Key Segments of the Global Crude Glycerin Market
Glycerol Content Overview, (USD Million)
- Less than 80%
- More than 90%
Application Overview, (USD Million)
- Animal Feed
- Wastewater Treatment
Regional Overview, (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Growing demand for biodiesel
- Outstanding chemical properties of crude glycerin
- Increased demand for crude glycerin across various end-use industries
What does the report include?
- The study on the global Crude Glycerin market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of glycerol content, and usage area. Moreover, the study on Crude Glycerin market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global Crude Glycerin market is suitable for all the players across the value chain including component and raw material providers, disinfectant manufacturers, distributors, and other intermediaries
- Venture capitalists and investors looking for more information on the future outlook of the global Crude Glycerin market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global Crude Glycerin market
Frequently Asked Questions (FAQ) :
The worldwide crude glycerin market is consolidated among global players and considerably fragmented, with a large number of regional competitors STOCKMEIER Chemie GmbH & Co. KG, GF Energy, Cremer Oleo GmbH & Co. KG, Cargill, Renewable Energy Group, Inc. Oleon NV, Pasand Speciality Chemicals, Aemetis, Inc. Abengoa Bioenergia SA and Peter Cremer among others. Mergers and acquisitions, high investments, collaborations, innovative product launches, capacity expansion are key strategies adopted by the major companies in the global market for strengthening their market position. The market's major players have a large worldwide footprint and a varied product portfolio to cater to a wide variety of client needs. Emerging areas are expected to become key markets for crude glycerin throughout the forecast period, owing to increased demand from end-user industries.
Increased demand for crude glycerin in both developed and emerging countries is propelling global industry growth. The worldwide market is expected to rise in the near future, thanks to rising demand for biodiesel industries and the expansion of the waste water treatment and animal feed sectors. Rising consumption in Asian subcontinent markets is another aspect driving the target market's growth. On the other side, crude glycerin along with less profitability are among the major factors hampering growth of the target market. Nonetheless, emerging-market development expectations give global industry suppliers intriguing development opportunities. Competitive demand is likely to be fueled by the techniques of the top players. Furthermore, worldwide demand is being fueled by a growing customer base for these products, particularly in industrialized nations, as the end use industries increase.
The global crude glycerin market is segmented into glycerol content and applications. The crude glycerin industry by glycerol content includes less than 80%, 80%-90%, and more than 90%. On the basis of applications the global industry is segregated into animal feed, biogas, oleochemistry, wastewater treatment, others. Crude glycerol is increasingly being used for biogas production. Some factors driving the market growth of this market segment include cost-effectiveness, simple operational conditions, and improved production.
Asia Pacific dominated the global crude glycerin market in terms of geography. Crude glycerin are being more widely used in numerous end-use sectors, including as animal feed, biogas, and wastewater treatment in the China, India, Japan and other Asian nations. Rapidly increasing demand for the biodiesel among emerging economies across the globe is among major factors propelling growth of the crude glycerin in the developing countries. Furthermore, North America is expected to register significant growth rate in the target industry during the forecast period of time. The growth is attributed to expansion of leading players in the region, and technological advancements among North American countries, particularly in the U.S.