Glycerol Market size is predicted to surpass $4 billion by end of 2022 and register CAGR of 6.6% during forecast timeframe. As glycerol is extensively used in emollients and lotions, strong personal care segment overview is expected to be a key aspect for industry growth. Further, downstream oleochemicals industry applications are also predicted to be key growth drivers for the industry.
Europe glycerol market size, by application, 2012-2022 (Kilo tons)
Biodiesel has been the main source of glycerol in past and produced more than 1,400 kilo tons of glycerol in 2013. It was the largest glycerol source during that year. Over 68% of glycerol output was acquired through bio-diesel for 2015. Bio-diesel is predicted to contribute about 2,700 kilo tins by 2022 and experience steady gains in future. Fatty alcohols are predicted to be fast growing glycerol source. Glycerol output from fatty alcohols is predicted to expand at more than 6.8% CAGR.
The industry is segmented into various applications like pharmaceuticals & personal care, healthcare and food & beverages. Personal care and pharmaceutical segment contributed greater than 38% to the industry share for 2015. Growing consciousness about dietary supplements and healthcare cosmetics along with strong demographic trends are the factors predicted to contribute towards the growth of this segment in APAC, East Europe and Latin America. Food & Beverages segment is predicted to register a CAGR of more than 7% during forecast period with consumption of more than 500 kilo tons by end of 2022.
APAC is the industry leader with its total revenue share predicted to surpass $1.4 billion mark by end of 2022. Due to its large oleochemicals foundation, it is also a biggest producer of glycerol and its growth is supplemented by China, Malaysia, India and Thailand glycerol market price trend. U.S. glycerol market size is led by bio-diesel as the main source with its consumption predicted to surpass 700 kilo tons by end of forecast timeframe. Pharmaceuticals & personal care applications led the industry demand contributing more than 38% of overall consumption for 2014. The consumption of glycerol in Europe is predicted to surpass 1,190 kilo tons by end of forecast period, with bio-diesel as the main source.
Key industry players profiled in the report include Wilmar International, Twin Rivers Technologies Incorporation, Pacific Oleochemicals Sdn Bhd, Croda International Plc, IOI Oleochemical Industries Berhad, Sakamoto Yakuhin Kogyo Company Limited, Cognis Corporation, Solvay SA, Godrej Industries Limited, Procter & Gamble Chemicals, Kuala Lumpur Kepong Berhad, Emery Oleochemicals LLC, Dial Corporation, Dow Chemical Company, Oleon, Archer Daniel Midland, United Coconut Chemicals Incorporation, Pt Flora Sawita Chemindo, Kao Corporation, Sumi Asih Oleochemical Industry, Pt Cisadane Raya Chemicals, Kashima Chemical Company Limited, Cremer Gruppe and Vitusa Product.
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Written By : Dhananjay Punekar