SkyQuest Technology Group has recently published a comprehensive Glycerine Market report, offering a detailed analysis of the product landscape and industry scope while providing insights into the market outlook and future trends from 2025 to 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.
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 significant demand from the pharmaceutical business is probably one of the main aspects that will propel the glycerine market expansion shortly. On the other hand, the majority of producers of refined glycerin are choosing to employ alternative glycerin substitutes in a variety of end-user sectors, which is anticipated to have an impact on the market’s expansion. Diethylene glycol, ceramides, oils, and butter are a few alternatives.
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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.
Glycerine Market is segmented by Grade, Process, Source, Application and region.
Based on Grade, the market is segmented into Pharmaceutical Grade, Technical Grade, Crude and Refined.
Based on Process, the market is segmented into Transesterification, Saponification and Fat Splitting.
Based on Source, the market is segmented into Vegetable oils, Biodiesel, Soaps and Synthetic.
Based on Application, the market is segmented into Beauty & Personal Care, Food & Beverage, Industrial Chemicals, Pharmaceutical and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Glycerine Market – Regional Analysis:
In 2021, Asia-Pacific region is anticipated to hold the largest market share of the glycerine market. This expansion is linked to the region’s expanding consumer interest in color cosmetics as well as the region’s ongoing need for oral goods, cosmetics, and hair care products. Additionally, glycerine usage is rising quickly in nations like China, India, and South Korea. Asia-Pacific glycerine demand is anticipated to be driven by lower production and labor costs, relaxed regulations, and manufacturers’ incentives to expand their businesses in these regions.
The world’s largest producer of glycerol and biodiesel, however, is Europe. Growth would be accelerated by the increased biodiesel output fuelled by the rising demand from numerous European nations. Additionally, the U.S. chemical and personal care industries’ high need for glycerine will fuel expansion in North America.
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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SkyQuest Technology Group
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