Glycerin - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Glycerin Market is accounted for $2.66 billion in 2018 and is expected to reach $5.46 billion by 2027 growing at a CAGR of 8.3% during the forecast period. Increased demand for biodiesel and improved command for glycerin across different end-use industries are the major factors propelling the market growth. However, oversupply of glycerin and low profitability are hampering the market growth.
Glycerin is mostly used in cosmetics and personal care products to improve the softness and moisture content of the skin. It is found in facial moisturizer, sunscreen, facial treatments, makeup, hair care, shaving cream etc. It has a cooling result on the skin and it acts as a humectant that prevents the premature thrashing of moisture from cosmetic products.
Based on the process, the transesterification segment is estimated to have a lucrative growth due to have a larger share compared to other processes. By geography, Asia Pacific is likely to have a huge demand due to covering a wide variety of industries, such as makeup, personal hygiene, etc. China is becoming the major market in terms of cosmetics and skincare products, globally. Continuous development in population is one more factor fueling the demand for personal care products, and detergents in the country, which, in turn, is augmenting the market studied.
Some of the key players profiled in the Glycerin Market include Emery Oleochemicals, Avril Group, Cargill Incorporated, Cremer Oleo GmbH & Co. Kg, Croda International PLC, Godrej Industries, IOI Oleochemicals, KAO Corporation, Kuala Lumpur Kepong Berhad, P&G Chemicals, PT Smart TBK, PT. Bakrie Sumatera Plantations TBK, The DOW Chemical Company (Olin Corporation), Vitusa Products Inc. and Wilmar International Ltd.
• Pharmaceutical Grade
• Technical Grade
• United States Pharmacopeia (USP) Grade
• Fat Splitting
• Vegetable Oils
• Fatty Acid & Fatty Alcohol
• Animal Fat
• Chemical Intermediates
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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