Product Code: PMRREP3553
Persistence Market Research has recently released a comprehensive report on the worldwide market for glycerin. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global glycerin market from 2025 to 2032.
Key Insights:
- Glycerin Market Size (2025E): USD 2.9 Billion
- Projected Market Value (2032F): USD 4.3 Billion
- Global Market Growth Rate (CAGR 2025 to 2032): 5.9%
Glycerin Market - Report Scope:
Glycerin, also known as glycerol, is a versatile compound widely used across multiple industries, including pharmaceuticals, personal care, food and beverages, and industrial applications. It functions as a humectant, solvent, sweetener, and preservative, owing to its excellent hygroscopic and non-toxic properties. The glycerin market serves diverse end-user segments, supplying refined, crude, and technical-grade glycerin for applications ranging from cosmetic formulations to chemical intermediates. Market growth is fueled by rising demand in personal care products, expanding biofuel production (generating crude glycerin as a byproduct), and growing utilization in food and pharmaceutical industries due to regulatory approvals and consumer preference for safe, natural ingredients.
Market Growth Drivers:
The global glycerin market is propelled by several key factors, including increasing consumption of personal care and cosmetic products, where glycerin acts as a key moisturizing and emollient agent. Rising demand for processed foods and beverages, where glycerin serves as a sweetener, preservative, and texture enhancer, further drives market expansion. Additionally, the growth of biodiesel production worldwide generates significant volumes of crude glycerin as a byproduct, offering opportunities for refining and utilization in value-added applications. Technological advancements in refining processes, coupled with increasing adoption of sustainable raw materials, enhance product quality and broaden glycerin's industrial and pharmaceutical applications. Moreover, consumer trends favoring natural and plant-based ingredients continue to support glycerin market growth across various sectors.
Market Restraints:
Despite promising growth prospects, the glycerin market faces challenges related to price volatility, driven by fluctuations in feedstock availability and biodiesel production levels. The surplus of crude glycerin from biodiesel manufacturing can exert downward pressure on prices, impacting profitability for refiners and manufacturers. Regulatory compliance regarding product purity and quality standards poses additional challenges, particularly in pharmaceutical and food-grade applications, where strict regulations govern manufacturing practices and product specifications. Furthermore, market saturation in certain mature regions and potential competition from alternative humectants and solvents may restrict growth opportunities. Addressing these challenges requires strategic supply chain management, technological innovation, and alignment with evolving regulatory frameworks.
Market Opportunities:
The glycerin market presents significant growth opportunities driven by innovation, sustainability trends, and emerging applications. Growing consumer demand for natural and eco-friendly products creates a favorable environment for glycerin as a bio-based, non-toxic ingredient in cosmetics, pharmaceuticals, and food products. Additionally, increasing research into glycerin-derived chemicals and biopolymers opens new avenues for industrial applications, including green solvents, antifreeze formulations, and polyol production. The expanding use of glycerin in emerging sectors, such as bio-based packaging materials and renewable chemicals, further enhances market prospects. Strategic collaborations, investment in advanced refining technologies, and diversification into specialty glycerin grades are essential for market players seeking to capitalize on evolving opportunities and maintain competitive advantage.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the glycerin market globally?
- Which end-use industries are contributing most significantly to glycerin demand?
- How are technological advancements and sustainability trends reshaping the glycerin market landscape?
- Who are the key players operating in the glycerin market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global glycerin market?
Competitive Intelligence and Business Strategy:
These companies invest in R&D to explore new applications of glycerin in industrial chemicals, biopolymers, and green solvents, thereby diversifying revenue streams and strengthening market presence. Strategic partnerships with biodiesel producers and downstream manufacturers ensure stable supply chains and cost-effective operations. Moreover, emphasis on regulatory compliance, sustainability certifications, and product innovation enables key players to maintain competitiveness and capture opportunities in high-growth regions and emerging end-user industries.
Key Companies Profiled:
- Cargill
- Archer Daniels Midland (ADM)
- Godrej Industries
- BASF
- Dow
- Kao Corporation
- KLK OLEO
- IOI Corporation
- Emery Oleochemicals
- Aemetis
- Procter & Gamble Chemicals
- Wilmar International
- Musim Mas Group
- Oleon
- Croda International
Glycerin Market Research Segmentation:
The glycerin market encompasses a diverse range of grades, applications, and end-user segments, addressing various industrial, consumer, and pharmaceutical needs.
By Form
- Liquid
- Gel
- Solid/Soap Base
By Source
- Vegetable-based
- Animal-based
- Synthetic
- Waste-based
By Grade
- Crude Glycerin
- Refined Glycerin
- Technical Grade
- FCC Grade
- USP/Pharmaceutical Grade
- Kosher/Halal Grade
By Application
- Personal Care & Cosmetics
- Food & Beverages
- Pharmaceuticals
- Industrial Applications
- Chemical Intermediates
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Middle East and Africa
- Latin America
Table of Contents
1. Executive Summary
- 1.1. Global Glycerin Market Snapshot 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Chemical Industry Overview
- 2.3.3. Global Cosmetic Industry Overview
- 2.3.4. Global Personal Care Industry Overview
- 2.3.5. Global Pharmaceuticals Industry Overview
- 2.4. Forecast Factors - Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
5. Global Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Glycerin Market Outlook: Grade
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Tonnes) Analysis by Grade, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 5.2.3.1. Crude Glycerin
- 5.2.3.2. Refined Glycerin
- 5.2.3.2.1. Technical Grade
- 5.2.3.2.2. FCC Grade
- 5.2.3.2.3. USP/Pharmaceutical Grade
- 5.2.3.2.4. Kosher/Halal Grade
- 5.2.4. Market Attractiveness Analysis: Grade
- 5.3. Global Glycerin Market Outlook: Form
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tonnes) Analysis by Form, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 5.3.3.1. Liquid
- 5.3.3.2. Gel
- 5.3.3.3. Solid/Soap Base
- 5.3.3.4. A4
- 5.3.4. Market Attractiveness Analysis: Form
- 5.4. Global Glycerin Market Outlook: Source
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Tonnes) Analysis by Source, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 5.4.3.1. Vegetable-based
- 5.4.3.2. Animal-based
- 5.4.3.3. Synthetic
- 5.4.3.4. Waste-based
- 5.4.4. Market Attractiveness Analysis: Source
- 5.5. Global Glycerin Market Outlook: Application
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Tonnes) Analysis by Application, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 5.5.3.1. Personal Care & Cosmetics
- 5.5.3.2. Food & Beverages
- 5.5.3.3. Pharmaceuticals
- 5.5.3.4. Industrial Applications
- 5.5.3.5. Chemical Intermediates
- 5.5.4. Market Attractiveness Analysis: Application
6. Global Glycerin Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Tonnes) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 7.4.1. Crude Glycerin
- 7.4.2. Refined Glycerin
- 7.4.2.1. Technical Grade
- 7.4.2.2. FCC Grade
- 7.4.2.3. USP/Pharmaceutical Grade
- 7.4.2.4. Kosher/Halal Grade
- 7.5. North America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 7.5.1. Liquid
- 7.5.2. Gel
- 7.5.3. Solid/Soap Base
- 7.5.4. A4
- 7.6. North America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 7.6.1. Vegetable-based
- 7.6.2. Animal-based
- 7.6.3. Synthetic
- 7.6.4. Waste-based
- 7.7. North America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 7.7.1. Personal Care & Cosmetics
- 7.7.2. Food & Beverages
- 7.7.3. Pharmaceuticals
- 7.7.4. Industrial Applications
- 7.7.5. Chemical Intermediates
8. Europe Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 8.4.1. Crude Glycerin
- 8.4.2. Refined Glycerin
- 8.4.2.1. Technical Grade
- 8.4.2.2. FCC Grade
- 8.4.2.3. USP/Pharmaceutical Grade
- 8.4.2.4. Kosher/Halal Grade
- 8.5. Europe Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 8.5.1. Liquid
- 8.5.2. Gel
- 8.5.3. Solid/Soap Base
- 8.5.4. A4
- 8.6. Europe Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 8.6.1. Vegetable-based
- 8.6.2. Animal-based
- 8.6.3. Synthetic
- 8.6.4. Waste-based
- 8.7. Europe Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 8.7.1. Personal Care & Cosmetics
- 8.7.2. Food & Beverages
- 8.7.3. Pharmaceuticals
- 8.7.4. Industrial Applications
- 8.7.5. Chemical Intermediates
9. East Asia Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 9.4.1. Crude Glycerin
- 9.4.2. Refined Glycerin
- 9.4.2.1. Technical Grade
- 9.4.2.2. FCC Grade
- 9.4.2.3. USP/Pharmaceutical Grade
- 9.4.2.4. Kosher/Halal Grade
- 9.5. East Asia Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 9.5.1. Liquid
- 9.5.2. Gel
- 9.5.3. Solid/Soap Base
- 9.5.4. A4
- 9.6. East Asia Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 9.6.1. Vegetable-based
- 9.6.2. Animal-based
- 9.6.3. Synthetic
- 9.6.4. Waste-based
- 9.7. East Asia Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 9.7.1. Personal Care & Cosmetics
- 9.7.2. Food & Beverages
- 9.7.3. Pharmaceuticals
- 9.7.4. Industrial Applications
- 9.7.5. Chemical Intermediates
10. South Asia & Oceania Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 10.4.1. Crude Glycerin
- 10.4.2. Refined Glycerin
- 10.4.2.1. Technical Grade
- 10.4.2.2. FCC Grade
- 10.4.2.3. USP/Pharmaceutical Grade
- 10.4.2.4. Kosher/Halal Grade
- 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 10.5.1. Liquid
- 10.5.2. Gel
- 10.5.3. Solid/Soap Base
- 10.5.4. A4
- 10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 10.6.1. Vegetable-based
- 10.6.2. Animal-based
- 10.6.3. Synthetic
- 10.6.4. Waste-based
- 10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 10.7.1. Personal Care & Cosmetics
- 10.7.2. Food & Beverages
- 10.7.3. Pharmaceuticals
- 10.7.4. Industrial Applications
- 10.7.5. Chemical Intermediates
11. Latin America Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 11.4.1. Crude Glycerin
- 11.4.2. Refined Glycerin
- 11.4.2.1. Technical Grade
- 11.4.2.2. FCC Grade
- 11.4.2.3. USP/Pharmaceutical Grade
- 11.4.2.4. Kosher/Halal Grade
- 11.5. Latin America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 11.5.1. Liquid
- 11.5.2. Gel
- 11.5.3. Solid/Soap Base
- 11.5.4. A4
- 11.6. Latin America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 11.6.1. Vegetable-based
- 11.6.2. Animal-based
- 11.6.3. Synthetic
- 11.6.4. Waste-based
- 11.7. Latin America Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 11.7.1. Personal Care & Cosmetics
- 11.7.2. Food & Beverages
- 11.7.3. Pharmaceuticals
- 11.7.4. Industrial Applications
- 11.7.5. Chemical Intermediates
12. Middle East & Africa Glycerin Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Grade, 2025-2032
- 12.4.1. Crude Glycerin
- 12.4.2. Refined Glycerin
- 12.4.2.1. Technical Grade
- 12.4.2.2. FCC Grade
- 12.4.2.3. USP/Pharmaceutical Grade
- 12.4.2.4. Kosher/Halal Grade
- 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Form, 2025-2032
- 12.5.1. Liquid
- 12.5.2. Gel
- 12.5.3. Solid/Soap Base
- 12.5.4. A4
- 12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Source, 2025-2032
- 12.6.1. Vegetable-based
- 12.6.2. Animal-based
- 12.6.3. Synthetic
- 12.6.4. Waste-based
- 12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Tonnes) Forecast, by Application, 2025-2032
- 12.7.1. Personal Care & Cosmetics
- 12.7.2. Food & Beverages
- 12.7.3. Pharmaceuticals
- 12.7.4. Industrial Applications
- 12.7.5. Chemical Intermediates
13. Competition Landscape
- 13.1. Market Share Analysis, 2024
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. Cargill
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Archer Daniels Midland (ADM)
- 13.3.3. Godrej Industries
- 13.3.4. BASF
- 13.3.5. Dow
- 13.3.6. Kao Corporation
- 13.3.7. KLK OLEO
- 13.3.8. IOI Corporation
- 13.3.9. Emery Oleochemicals
- 13.3.10. Aemetis
- 13.3.11. Procter & Gamble Chemicals
- 13.3.12. Wilmar International
- 13.3.13. Musim Mas Group
- 13.3.14. Oleon
- 13.3.15. Croda International
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations