Global Glycerin Market Analysis Report 2022: Market to Reach USD 3.4 Billion by 2026 - Transesterification Leads Global Glycerin Market

Global Glycerin Market Analysis Report 2022: Market to Reach USD 3.4 Billion by 2026 – Transesterification Leads Global Glycerin Market

Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) — The “Glycerin – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global glycerin market to reach $3.4 billion by 2026

The global glycerin market, estimated to be worth US$2.6 billion in 2022, is expected to reach a revised size of US$3.4 billion by 2026, growing at a CAGR of 6.1% over the analysis period.

The growth of the global market is driven by growing demand from end-use industries and strong contribution from developing regions, especially Asia-Pacific.

The growing production of biodiesel has resulted in a plentiful supply of crude glycerin which can be used directly in animal feed, as a dust suppressant, freeze protection for coal and grain storage. The oversupply and the resulting drop in prices allowed the use of glycerin for energy production.

Additionally, the oversupply of crude glycerin has led to the availability of technical grade glycerin which finds use in industrial applications such as the production of propylene glycol and epichlorohydrin. The glycerin market is expected to benefit significantly from the growing demand for refined glycerin from new applications and the production of epichlorohydrin, primarily in Europe and Asia.

The market is also expected to benefit from the growing trend towards organic, natural and eco-friendly products and raw materials. Demand for vegetable glycerin made from soy, coconut or palm is particularly likely to benefit.

Transesterification, one of the segments analyzed in the report, is expected to grow at a CAGR of 6.4% to reach US$1.7 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, Saponification segment growth is readjusted at a revised CAGR of 5% for the next 7-year period.

This segment currently accounts for a 31.3% share of the global glycerin market. The crude glycerin produced during the process represents 10% of the overall biodiesel production in the world. The growing share of biodiesel is attributed to notable advances in the transesterification process which uses fatty acids or biodiesel to produce glycerine. The process is very cost effective for the large scale production of glycerine.

The US market is estimated at $415.6 million in 2022, while China is expected to reach $808.6 million by 2026

The glycerin market in the United States is estimated to be worth US$415.6 million in 2022. The country currently accounts for a 16.2% share of the global market. China, the second largest economy in the world, is expected to reach an estimated market size of US$808.6 million in 2026 growing at a CAGR of 7.8% over the analysis period.

Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 4.3% and 5.5% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 4.5%, while the rest of the European market (as defined in the study) will reach US$874.1 million by the end of the year. analysis period.

Asia-Pacific represents a major regional market for refined glycerine in the world. Driven by the increasing use of glycerin in consumer goods, pharmaceuticals and other industries, the region is poised for sustained growth.

The market is also benefiting from the growing use of glycerin in the personal care sector in South Korea, China and India. The North American market is benefiting from the growing demand for glycerin from the pharmaceutical and personal care industries.

Fat Separation Segment to Reach $756.7 Million by 2026

In the global fat separation segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 6.7% for this segment. These regional markets representing a combined market size of US$363.6 million will reach a projected size of US$571.4 million by the end of the analysis period.

China will remain among the fastest growing markets in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$141.8 million by 2026, while Latin America will expand to a CAGR of 8% over the analysis period.

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors
  • Market presence in multiple geographies – Strong/Active/Niche/Trivial
  • Peer-to-peer collaborative online interactive updates
  • Access to digital archives
  • Free updates for one year

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)
  • Impact of the COVID-19 pandemic and the impending global recession
  • 2020 marked as a year of disruption and transformation
  • An introduction to glycerin
  • Glycerin Grade Designations
  • Natural and synthetic forms of glycerin
  • Manufacturing process
  • An overview of the main regulations relating to the use of glycerine
  • Glycerin: a non-toxic polyol compound with wide applications
  • Global Market Outlook and Prospects
  • Market factors in brief
  • Transesterification leads the global glycerin market
  • Biodiesel production emerges as main source of glycerine
  • Developing Economies Leading Glycerin Market Growth
  • Competition
  • Global brands
  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS (Total 92 featured)

  • Aekyung Industrial Co., Ltd.
  • Archer Daniels Midland Company
  • BASF SE
  • Cargill, Inc.
  • CREMER OLEO GmbH & Co. KG
  • Croda International Plc
  • Ecogreen Oleochemicals
  • Godrej Industries Ltd.
  • IOI Group
  • As a company
  • VOICE CLOCK
  • Pacific Oleochemicals Sdn Bhd
  • PMC Biogenix, Inc.
  • Procter & Gamble Chemicals
  • PT. Cisadane Raya Chemicals
  • PT. Sumi Asih Oleochemical Industry
  • Sakamoto Yakuhin Kogyo Co., Ltd.
  • Thai Glycerin Co., Ltd.
  • Twin Rivers Technologies, Inc.
  • Vance Bioenergy Sdn. Bhd.

3. MARKET TRENDS AND DRIVERS

  • The use of glycerin in various industrial applications is driving the market outlook
  • The growing role of glycerin in the food and beverage processing industry bodes well for the market
  • Stable demand for packaged foods backed by growing population supports demand for food grade glycerin
  • Food and beverage industry remains stable amid pandemic
  • Using healthy ingredients to boost athletic endurance to drive demand for glycerin in sports nutrition and fitness products
  • Personal care products and cosmetics are emerging as a key end-use market for glycerin
  • Impact of COVID-19 on Personal Care Industry Affects Glycerin Demand
  • Beneficial properties of glycerin for skincare products
  • Appetite for cosmetics supported by consumer focus on maintaining physical appearance is driving demand for glycerin
  • The high demand for powerful anti-aging solutions highlights glycerin as a valuable active ingredient to combat the effects of skin aging
  • Shift to natural ingredients in personal care products is fueling demand for glycerin
  • Rising Hand Sanitizer Sales Amid COVID-19 Pandemic Supports Glycerin Market
  • The market will benefit from the increasing role of glycerin in the pharmaceutical industry
  • Strong global drug spending and the resulting boost in pharmaceutical manufacturing are expanding the applications of glycerin in the pharmaceutical sector
  • Biodiesel Production Trends Set the Tone for Crude Glycerin Production
    The emerging new uses of crude glycerin promise growth for the glycerin market
  • Purifying biodiesel-derived glycerin presents a challenge
  • Petroleum Derived Raw Material Prices: A Critical Factor Impacting Glycerin Demand
  • Glycerin emerges as a high-level macro-ingredient in animal feed
  • Focus on livestock productivity and subsequent focus on feed efficiency and management is driving demand for glycerin-enriched pet foods
  • Glycerine as a renewable raw material for chemicals to benefit from the migration to sustainable production practices
  • Healthy developments in renewable chemicals and developments in hydrogenolysis, etherification and dehydration of glycerin to boost the use of glycerin as a renewable raw material in the production of basic chemicals
  • The technical versatility of glycerin expands application opportunities in the industrial sector
  • Growing focus on hydrogen as a clean fuel to drive the use of glycerine in hydrogen gas production
  • Growing production of hydrogen gas in favor of glycerine as a potential feedstock for hydrogen production
  • Vegetable Glycerine Market Set for Healthy Growth
  • Government initiatives to boost glycerol consumption
  • Glycerol emerges as a cost-effective and sustainable alternative to ship propulsion engines
  • Raw glycerin as raw material for biogas production
  • Glycerine granules: a potential fuel source
  • Some other innovative applications of raw glycerin
  • Threat of substitution: a key challenge for the glycerine market

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/etro80

  • Global glycerin market

        

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