SkyQuest Technology Group recently introduced Glycerine Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Glycerine Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Glycerine Market size was valued at USD 2.7 billion in 2023 and is poised to grow from USD 2.85 billion in 2024 to USD 4.37 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
The main uses of glycerin are in medicine, personal care products, and cosmetics. The beauty business has been impacted by the COVID-19 outbreak. Sales, purchases, and usage have decreased across several cosmetic areas as a result of months of lockdowns, international travel restrictions, and retail shop closures. However, due to its increased use in hand sanitizers, soaps, handwash, and detergents, the demand for glycerin has surged in end-user sectors including pharmaceutical and personal care during the pandemic.
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Glycerine is currently produced in the world at a rate of 2.9 million tonnes annually, according to estimates. This estimate accounts for all potential sources. Around 810,000 tonnes of glycerin were produced from vegetable oils in Europe, while another 150,000 tonnes came through the manufacturing of UCOME and waste fatty acid biodiesel. In addition, the production of biodiesel from animal fats in categories 1 and 2 should yield an additional 45,000 MT. However, glycerol produced through the manufacturing of biodiesel from waste can only be utilised for technical applications; it cannot be refined to USB grade, only to technical grade. The refined glycerine market is thought to be 2 million metric tonnes in size, but it is expanding quickly due to the growth of the pharmaceutical and personal care industries.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Glycerine Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Grade
Pharmaceutical Grade, Technical Grade, Crude, Refined
Process
Transesterification (Acid catalyzed transesterification, Base catalyzed transesterification, Enzyme catalyzed transesterification), Saponification, Fat Splitting
Source
Vegetable oils, Biodiesel, Soaps, Synthetic
Application
Beauty & Personal Care, Food & Beverage, Industrial Chemicals, Pharmaceutical, Others
Glycerine Market – Regional Analysis:
– Glycerine North America Market includes (Canada, Mexico, USA)
– Glycerine Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Glycerine Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Glycerine South America Market includes (Brazil, Argentina)
– Glycerine Oceania Market (Australia & New Zealand)
Top Market Players in Glycerine Market are:
Emery Oleochemicals (USA)
IOI Corporation Berhad (Malaysia)
Wilmar International Ltd (Singapore)
Kao Corporation (Japan)
Cargill, Incorporated (USA)
Procter & Gamble Chemicals (USA)
Godrej Industries Limited (India)
Croda International Plc (UK)
KLK OLEO (Malaysia)
CREMER OLEO GmbH & Co. KG (Germany)
GLACONCHEMIE GmbH (Germany)
Sakamoto Yakuhin Kogyo Co. Ltd (Japan)
Twin Rivers Technologies, Inc. (USA)
Avril Group (France)
BASF SE (Germany)
Dow Chemical Company (USA)
Louis Dreyfus Company (Netherlands)
Musim Mas (Singapore)
Oleon NV (Belgium)
Vantage Specialty Chemicals (USA)
Glycerine Market Recent Development:
In October 2021, IOI Corporation Berhad announced the construction of a new 110,000 metric ton (MT) per year oleochemical plant in Prai, Penang, with a capital expenditure of MYR 220 million. The new plant is mainly catered for palm and palm kernel-based fatty acids and glycerine, which are the main raw materials for personal care and cosmetic products. The plant construction is accepted to be completed by the second quarter of 2022.
In July 2021, ENI and BASF launched a newly joined initiative to produce advanced propanol from glycerin. The technology to be developed involves the conversion of glycerine to propanol
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Forward-Looking Insights
The Glycerine Market is set to experience sustained growth, fueled by technological advancements, broader market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing health and economic progress.
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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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