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Glycerol Market Trends

Report ID: GMI327
Published Date: Jun 2024
Report Format: PDF

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Glycerol Market Trends

The increasing adoption of glycerol in the production of bio-based chemicals and materials will favor the market growth. As industries move towards more sustainable practices, glycerol is helping in the production of eco- friendly products, such as biodegradable polymers and solvents. The increasing popularity of green chemicals has led to the alternative use of glycerol in the manufacturing of non-toxic deicing agents for antifreeze. Developments in biotechnology are also enabling the product use in fermentation processes to produce biofuels and bioplastics, further expanding its market potential.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of glycerol was reached USD 4.9 billion in 2023 and is expected to exceed USD 7.8 billion by 2032, due to its rising prominence as an important ingredient in skin care, hair care, and oral cleansers.

Glycerol industry from the refined type segment recorded over USD 4.1 billion in 2023 and will generate over USD 6.7 billion by 2032, due to its high purity and versatility, making it suitable for a wide range of high-value applications.

Asia Pacific glycerol market size reached over USD 1.9 billion in 2023 and will surpass USD 3.1 billion by 2032, attributed to the expanding biodiesel production, particularly in countries like Indonesia and Malaysia

P&G Chemicals, BASF, Kao Corporation, Dow Chemical Company, Archer Daniel Midland, and Wilmar International