Global Glycerin Market By Grade (Refined glycerine{ CP, IP, USP, IW }, Crude glycerine{ CGS, CGA }, Natural glycerine, Blonde glycerin), By Source (Biodiesel, Fatty acid, Fatty alcohol, Soap, Vegetable oils, Synthetic, Others), By Application (personal care, food & beverage, healthcare & pharmaceuticals, oral care, alkyd resins, tobacco humectants, others), By downstream (Propanediol, Propylene glycol, Epichlorohydrin, Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Global Glycerin Market  is expected to reach 6,261.75 thousand metric tons by 2024 from 3,551.00 thousand metric tons in 2016, at a CAGR of 7.5%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024

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Drivers: Global Glycerin Market-The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors. On the other hand, availability of substitutes and low profitability may hinder the growth of the market.

Key Points: Global Glycerin Market-Global glycerin market is dominated Kuala Lumpur Kepong Berhad, followed by Wilmar International Ltd, Archer Daniels Midland Company, among others.

  • The global refined glycerin market is expected to reach 3,069.53 thousand metric tons by 2024, from 1,546.95 thousand metric tons in 2016, growing at the highest CAGR of 9.1%.
  • The global biodiesel market is expected to reach 4,364.55 thousand metric tons by 2024, from 2,323.56 thousand metric tons in 2016, growing at a CAGR of 8.3%.

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Major Players: Global Glycerin Market

Some of the major players operating in this market are:-

  • Croda International Plc,
  • Archer Daniels Midland Company,
  • Procter & Gamble,
  • Kao Corporation,
  • The Dow Chemical Company,
  • Godrej Industries Ltd.,
  • Emery Oleochemicals,
  • Sakamoto Yakuhin kogyo Co. Ltd.,
  • Solvay, among others

GROWING PREFERENCE FOR BIO-RENEWABLE CHEMICALS:Unstable prices of petroleum products along with depleting resources of oil and increasing concerns over dependence on fossil fuels and increasing levels of CO2 in the atmosphere has increased the environmental concerns and thus, have provoked several government agencies to promote and create awareness and support the production of biofuels from edible crops.

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GROWTH IN BIODIESEL PRODUCTION:Biodiesel is a clean-burning, biodegradable, alternative fuel. It is nontoxic and biodegradable. Compared to petroleum diesel fuel, which is refined from crude oil, biodiesel combustion produces fewer air pollutants such as particulates, carbon monoxide, sulfur dioxide, hydrocarbons, and air toxics. Nitrogen oxide emissions from burning a gallon of biodiesel may be slightly higher than emissions from burning a gallon of petroleum diesel

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