Global Glycerin Market
Posted by Mayuri Kathade. on January 9th, 2021
Global Glycerin Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 7.48% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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.
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.
Global Glycerin Market, By Process
• Vegetable Oils
• Technical Grade
• Industrial Application
• North America
• Emery Oleochemicals
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About the AuthorMayuri Kathade.
Joined: August 26th, 2019
Articles Posted: 146
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