The global Glycerol (Glycerin) market is anticipated to increase at a 7% CAGR to reach value US$ 120-130 billion in 2030

Some of the major factors probable of driving the glycerin market growth over the forecast spell include growing production of biodiesel as well as various guidelines associated with it, increasing efforts for the development of innovative applications and increasing preferences as well as demand for bio-renewable chemicals. On the other hand, one of the factor that can likely restraint the market growth in upcoming year is variations in demand and supply of alternatives.

The global market of glycerin has been segmented by different grade, source, application and geography. Further grade segment of the market is sub-segmented into crude glycerin and refined glycerin. The refined glycerin division of the market is expected to dominate the global market over the forecast spell, rising at a substantial CAGR of 7%.

Likewise, source segment of the global glycerin market has been sub-divided into biodiesel, fatty acid & fatty alcohol, soap and others. The biodiesel segment is expected to acquire the largest glycerin market share of xx% in upcoming years, followed by fatty acid & fatty alcohol division which is expected to grow at a CAGR of x%.

Similarly, application segment of the market has been bifurcated into personal care, alkyd resins, pharmaceuticals, food & beverage, tobacco, polyether polyols, industrial chemicals and others. The personal care division of the market is likely to account for largest glycerin market share in terms of value by the end of forecast period, followed by food & beverage sector.

Geographically, glycerin market across the world has been segmented into the several key regions covering Latin America, North America, Europe, Middle East & Africa and Asia Pacific. The market of Asia Pacific region is foreseen to account for xx% of the overall glycerin market in terms of value and the region is also expected to witness the highest growth rate in upcoming years. Besides North America and Europe are anticipated to grow at CAGRs of7% & 7 % respectively in terms of sales revenue the forecast period.

Some of the key players in the competitive landscape of the global glycerin market include Godrej Industries Ltd., Archer Daniels Midland Company, Croda International Plc, Kao Corporation, Procter & Gamble Chemicals, Emery Oleochemicals, Kuala Lumpur Kepong Berhad, Sakamoto Yakuhin kogyo Co. Ltd and The Dow Chemical Company. Since past few years, glycerin production industry has been witnessing a rising number of alliances.

Key segments of the global glycerin market include:

• Grade Segment

• Crude glycerin
• Refined glycerin

• Source Segment

• Biodiesel
• Fatty acid & Fatty alcohol
• Soap
• others

• Application Segment

• Personal care
• Alkyd resins
• Pharmaceuticals
• Food & beverage
• Tobacco
• Polyether polyols
• Industrial chemicals
• Others

• Geographical Segment

• Latin America
• North America
• Europe
• Middle East & Africa
• Asia Pacific