グリセロール市場の2032年までの予測：製品別、供給源別、用途別、地域別の世界分析

Stratistics MRCによると、世界のグリセロール市場は2025年に54億6,000万米ドルを占め、予測期間中にCAGR 3.90％で成長し、2032年には71億4,000万米ドルに達すると予想されています。

グリセリンやグリセリンと呼ばれることもあるグリセロールは、食品、化粧品、医薬品の各セグメントで幅広く利用されているポリオールです。甘味があり、無色・無臭で粘性のある液体で、水に溶けやすいです。通常、石けんやバイオディーゼルを製造する際には、動植物性脂肪を使用してグリセロールを製造します。スキンケア製品の保湿に不可欠であり、様々な製剤において保湿剤、溶剤、防腐剤として機能します。下剤として、また製薬産業では咳止めシロップや万能薬として利用されています。

OECDのSIDS初期評価によると、世界のグリセロール市場は2000年に約50万トン/年に達し、その年に欧州ので生産または輸入されたのは22万7,000トンでした。グリセロールは、石鹸や洗剤から医薬品、化粧品、食品、塗料に至るまで、工業製品、業務用製品、消費者向け製品に広く使われています。

化粧品とパーソナルケア製品の需要増加

グリセロールの保湿性、皮膚鎮静性、保湿性により、グリセロールはパーソナルケアと化粧品産業において不可欠な成分となっています。シェービングジェル、ローション、クリーム、石鹸、シャンプー、歯磨き粉など、さまざまなスキンケア製品や衛生製品に広く利用されています。グリセロールの人気は、消費者の健康への関心が高まり、化粧品に天然でサステイナブル成分を求める傾向が強まるにつれて、著しく高まっています。グリセロールのような高品質で多目的の原料は、発展途上国における可処分所得の増加やオンライン化粧品小売の人気により、高い需要があります。さらに、ヴィーガンやクルーエルティフリー製品に対する需要の高まりから、メーカーは植物由来のグリセロールを使用せざるを得なくなっており、化粧品のバリューチェーンにおけるその重要性が浮き彫りになっています。

技術グレードや医薬品グレードの精製にはコストがかかる

粗製グリセロールは広く入手可能で価格も手頃だが、食品、医薬品、化粧品に適した高純度の形態に変えるには、高価な精製プロセスが必要です。エネルギー集約的な設備と厳格な品質管理を必要とするこれらのプロセスには、真空蒸発、中和、漂白、蒸留などが含まれます。利益率の高いグリセリン市場セグメントは、こうした資本コストや運営コストのために、中小規模のメーカーには手が届かない可能性があります。さらに、環境規制が強化されるにつれ、精製プロセスから出る廃棄物の管理と処分が、操業上の負担に拍車をかけています。特に新興国では、このことが拡大性を制限し、市場参入の障壁となっています。

グリーン代替品とバイオベース化学品への関心の高まり

石油由来の化学品に代わる再生可能なバイオベース化学品として、グリセロールは持続可能性を求める世界の動きの結果、著しい成長を遂げています。二酸化炭素排出量や化石燃料への依存度を減らすよう求める規制圧力の高まりを受けて、プラスチック、樹脂、溶剤、潤滑油などの産業でエコフレンドリー原料が使用されるようになっています。グリセロールは無毒性で生分解性があり、バイオディーゼルの生産から容易に入手できるため、エコフレンドリー化合物を作るための出発点として最適です。グリセロールは、プロピレングリコール、アクロレイン、グリセロールカーボネートなど、付加価値のある誘導体へと変化し、化学産業で人気が高まっています。さらに、サステイナブルサプライチェーンに対する政府や企業の投資により、プラットフォームケミカルとしてのグリセロールの需要は今後数年間で増加すると予想されます。

市場の過飽和と過剰在庫の拡大

主にバイオディーゼル部門に起因する世界の供給過剰は、グリセロール市場にとって最も永続的な脅威の一つです。グリセロールはバイオディーゼル生産の製品別であるため、バイオ燃料の生産量が大幅に増加すると、過剰な粗グリセロールが市場に導入されることになります。特に精製グリセロールや医薬品グレードのグリセロールでは、この過剰供給が需要を上回り続け、価格を押し下げ、生産者の収益性を低下させています。市場が供給過剰になるあまり、粗グリセロールが燃やされたり、燃料や家畜飼料のような価値の低い製品に使われたりすることもあります。さらに、最終市場を多様化したり、価値の高い下流用途を創出したりする戦略的対策を講じなければ、この飽和状態はメーカーに長期的な経営・財務上のリスクをもたらす可能性があります。

COVID-19の影響

COVID-19の大流行はグリセロール市場に様々な影響を与えました。グリセロールが手指消毒剤、殺菌剤、咳止めシロップ、スキンケア製品の重要な成分である医薬品、パーソナルケア、衛生製品産業では、需要が増加しました。その結果、これらのセグメントでの売上と生産は一時的に増加しました。しかし、輸送制限や粗グリセロールの重要な供給源であるバイオディーゼル工場の一時閉鎖など、世界のサプライチェーンの混乱により、原料不足と価格変動が生じた。さらに、塗料、樹脂、建設用化学品などの産業における需要は、操業停止中の産業活動の減少によって影響を受けた。こうした障害にもかかわらず、市場はグリセロールが保健衛生製品に果たす重要な役割によって安定し、パンデミック後も安定した成長が見込まれています。

予測期間中、精製グリセリンセグメントが最大となる見込み

予測期間中、精製グリセリンセグメントが最大の市場シェアを占めると予想されます。飲食品、パーソナルケア、化粧品、医薬品など、一貫性と純度が重要な高付加価値セグメントで幅広く使用されていることが、このセグメントの優位性を支えています。精製グリセロールは、メタノール、塩類、水分などの不純物を除去するために厳格な精製プロセスを経ているため、繊細な製剤に適しています。通常、純度は95％以上です。そのよく知られた安全性記録と、FDAやEFSAのような重要な規制機関からのお墨付きは、その需要をさらに高めています。さらに、最終用途産業が世界中、特に市場に広がるにつれて、高級精製グリセロールのニーズが高まっており、これが市場をリードするグリセロールの地位を強化しています。

バイオディーゼルセグメントは予測期間中最も高いCAGRが見込まれる

予測期間中、バイオディーゼルセグメントが最も高い成長率を示すと予測されます。グリセロールは、バイオディーゼルの製造に使用されるトランスエステル化プロセスの重要な製品別であり、生産されるバイオディーゼルの約10%は粗グリセロールです。特に東南アジア、ブラジル、欧州、米国では、各国政府が二酸化炭素排出量削減のために再生可能燃料の使用を義務化、補助金、混合目標を通じて奨励しているため、バイオディーゼルの生産量は劇的に増加しています。グリセロールの供給を増やすだけでなく、この拡大はグリセロールの回収と精製における技術進歩に拍車をかける。さらに、循環型経済モデルと世界の持続可能性目標により、拡大するバイオディーゼル部門がグリセロール市場で最も速い成長率を達成すると予想されます。

最大のシェアを占める地域

予測期間中、アジア太平洋は、バイオディーゼル、飲食品、医薬品、パーソナルケアのような重要なセグメントでの広範な生産と使用により、最大の市場シェアを占めると予想されます。粗製と精製グリセロールの世界供給は、中国、マレーシア、インドネシアなどの主要生産国が独占しているが、その主要理由は、原料として使用されるパーム油やその他の植物油が豊富に供給されているためです。グリセリンベース製品に対する国内需要の高さも、この地域の産業基盤の急速な拡大、可処分所得の増加、人口の急増の結果です。さらに、インドネシアやインドのような国々におけるバイオディーゼル混合イニシアティブに対する政府の強力な支援によってグリセロール生産はさらに増加し、生産量と市場シェアの面でアジア太平洋の優位性を確保しています。

CAGRが最も高い地域

予測期間中、中東・アフリカが最も高いCAGRを示すと予想されるが、これはバイオディーゼル生産への投資の増加、製薬・パーソナルケア産業の成長、産業の多様化の重視の高まりが背景にあります。石油化学製品への依存度を下げ、持続可能性を高めるため、サウジアラビア、アラブ首長国連邦、南アフリカのような国々は、バイオベース化学能力を徐々に向上させています。消費財、医薬品、ヘルスケア製品におけるグリセロールの需要も、この地域の人口拡大、都市化、医療インフラの進歩によって後押しされています。さらに、中東・アフリカのにおけるグリセロールの消費と産業集積は、有利な政府規制と新たな現地製造プロジェクトによって急速に高まると予想されます。

無料のカスタマイズサービス

本レポートをご購読の顧客には、以下の無料カスタマイズオプションのいずれかをご利用いただけます。

• 企業プロファイル
  • 追加市場参入企業の包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推定・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携による主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査資料
  • 一次調査資料
  • 二次調査資料
  • 前提条件

第3章 市場動向分析

• イントロダクション
• 促進要因
• 抑制要因
• 機会
• 脅威
• 製品分析
• 用途分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のグリセロール市場：製品別

• イントロダクション
• 精製グリセロール
• 粗グリセロール

第6章 世界のグリセロール市場：供給源別

• イントロダクション
• バイオディーゼル
• 脂肪アルコール
• 脂肪酸
• 石鹸産業

第7章 世界のグリセロール市場：用途別

• イントロダクション
• 飲食品
• アルキド樹脂
• ポリエーテルポリオール
• タバコ保湿剤
• パーソナルケアと医薬品
• その他

第8章 世界のグリセロール市場：地域別

• イントロダクション
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他の欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他のアジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他の南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他の中東・アフリカ

第9章 主要開発

• 契約、パートナーシップ、コラボレーション、ジョイントベンチャー
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイリング

• BASF SE
• Cargill, Incorporated
• Procter & Gamble Company
• Dow Chemicals Inc
• Wilmar International Ltd.
• KLK OLEO（KL-Kepong Oleomas）
• Oleon NV
• Archer Daniels Midland（ADM）
• Kao Corporation
• Godrej Industries Limited
• Solvay SA
• Emery Oleochemicals
• Sakamoto Yakuhin Kogyo Co.Ltd.

List of Tables

• Table 1 Global Glycerol Market Outlook, By Region (2024-2032) ($MN)
• Table 2 Global Glycerol Market Outlook, By Product (2024-2032) ($MN)
• Table 3 Global Glycerol Market Outlook, By Refined Glycerol (2024-2032) ($MN)
• Table 4 Global Glycerol Market Outlook, By Crude Glycerol (2024-2032) ($MN)
• Table 5 Global Glycerol Market Outlook, By Source (2024-2032) ($MN)
• Table 6 Global Glycerol Market Outlook, By Biodiesel (2024-2032) ($MN)
• Table 7 Global Glycerol Market Outlook, By Fatty Alcohols (2024-2032) ($MN)
• Table 8 Global Glycerol Market Outlook, By Fatty Acids (2024-2032) ($MN)
• Table 9 Global Glycerol Market Outlook, By Soap Industry (2024-2032) ($MN)
• Table 10 Global Glycerol Market Outlook, By Application (2024-2032) ($MN)
• Table 11 Global Glycerol Market Outlook, By Food & Beverages (2024-2032) ($MN)
• Table 12 Global Glycerol Market Outlook, By Alkyd Resins (2024-2032) ($MN)
• Table 13 Global Glycerol Market Outlook, By Polyether Polyols (2024-2032) ($MN)
• Table 14 Global Glycerol Market Outlook, By Tobacco Humectants (2024-2032) ($MN)
• Table 15 Global Glycerol Market Outlook, By Personal Care & Pharmaceuticals (2024-2032) ($MN)
• Table 16 Global Glycerol Market Outlook, By Other Applications (2024-2032) ($MN)
• Table 17 North America Glycerol Market Outlook, By Country (2024-2032) ($MN)
• Table 18 North America Glycerol Market Outlook, By Product (2024-2032) ($MN)
• Table 19 North America Glycerol Market Outlook, By Refined Glycerol (2024-2032) ($MN)
• Table 20 North America Glycerol Market Outlook, By Crude Glycerol (2024-2032) ($MN)
• Table 21 North America Glycerol Market Outlook, By Source (2024-2032) ($MN)
• Table 22 North America Glycerol Market Outlook, By Biodiesel (2024-2032) ($MN)
• Table 23 North America Glycerol Market Outlook, By Fatty Alcohols (2024-2032) ($MN)
• Table 24 North America Glycerol Market Outlook, By Fatty Acids (2024-2032) ($MN)
• Table 25 North America Glycerol Market Outlook, By Soap Industry (2024-2032) ($MN)
• Table 26 North America Glycerol Market Outlook, By Application (2024-2032) ($MN)
• Table 27 North America Glycerol Market Outlook, By Food & Beverages (2024-2032) ($MN)
• Table 28 North America Glycerol Market Outlook, By Alkyd Resins (2024-2032) ($MN)
• Table 29 North America Glycerol Market Outlook, By Polyether Polyols (2024-2032) ($MN)
• Table 30 North America Glycerol Market Outlook, By Tobacco Humectants (2024-2032) ($MN)
• Table 31 North America Glycerol Market Outlook, By Personal Care & Pharmaceuticals (2024-2032) ($MN)
• Table 32 North America Glycerol Market Outlook, By Other Applications (2024-2032) ($MN)
• Table 33 Europe Glycerol Market Outlook, By Country (2024-2032) ($MN)
• Table 34 Europe Glycerol Market Outlook, By Product (2024-2032) ($MN)
• Table 35 Europe Glycerol Market Outlook, By Refined Glycerol (2024-2032) ($MN)
• Table 36 Europe Glycerol Market Outlook, By Crude Glycerol (2024-2032) ($MN)
• Table 37 Europe Glycerol Market Outlook, By Source (2024-2032) ($MN)
• Table 38 Europe Glycerol Market Outlook, By Biodiesel (2024-2032) ($MN)
• Table 39 Europe Glycerol Market Outlook, By Fatty Alcohols (2024-2032) ($MN)
• Table 40 Europe Glycerol Market Outlook, By Fatty Acids (2024-2032) ($MN)
• Table 41 Europe Glycerol Market Outlook, By Soap Industry (2024-2032) ($MN)
• Table 42 Europe Glycerol Market Outlook, By Application (2024-2032) ($MN)
• Table 43 Europe Glycerol Market Outlook, By Food & Beverages (2024-2032) ($MN)
• Table 44 Europe Glycerol Market Outlook, By Alkyd Resins (2024-2032) ($MN)
• Table 45 Europe Glycerol Market Outlook, By Polyether Polyols (2024-2032) ($MN)
• Table 46 Europe Glycerol Market Outlook, By Tobacco Humectants (2024-2032) ($MN)
• Table 47 Europe Glycerol Market Outlook, By Personal Care & Pharmaceuticals (2024-2032) ($MN)
• Table 48 Europe Glycerol Market Outlook, By Other Applications (2024-2032) ($MN)
• Table 49 Asia Pacific Glycerol Market Outlook, By Country (2024-2032) ($MN)
• Table 50 Asia Pacific Glycerol Market Outlook, By Product (2024-2032) ($MN)
• Table 51 Asia Pacific Glycerol Market Outlook, By Refined Glycerol (2024-2032) ($MN)
• Table 52 Asia Pacific Glycerol Market Outlook, By Crude Glycerol (2024-2032) ($MN)
• Table 53 Asia Pacific Glycerol Market Outlook, By Source (2024-2032) ($MN)
• Table 54 Asia Pacific Glycerol Market Outlook, By Biodiesel (2024-2032) ($MN)
• Table 55 Asia Pacific Glycerol Market Outlook, By Fatty Alcohols (2024-2032) ($MN)
• Table 56 Asia Pacific Glycerol Market Outlook, By Fatty Acids (2024-2032) ($MN)
• Table 57 Asia Pacific Glycerol Market Outlook, By Soap Industry (2024-2032) ($MN)
• Table 58 Asia Pacific Glycerol Market Outlook, By Application (2024-2032) ($MN)
• Table 59 Asia Pacific Glycerol Market Outlook, By Food & Beverages (2024-2032) ($MN)
• Table 60 Asia Pacific Glycerol Market Outlook, By Alkyd Resins (2024-2032) ($MN)
• Table 61 Asia Pacific Glycerol Market Outlook, By Polyether Polyols (2024-2032) ($MN)
• Table 62 Asia Pacific Glycerol Market Outlook, By Tobacco Humectants (2024-2032) ($MN)
• Table 63 Asia Pacific Glycerol Market Outlook, By Personal Care & Pharmaceuticals (2024-2032) ($MN)
• Table 64 Asia Pacific Glycerol Market Outlook, By Other Applications (2024-2032) ($MN)
• Table 65 South America Glycerol Market Outlook, By Country (2024-2032) ($MN)
• Table 66 South America Glycerol Market Outlook, By Product (2024-2032) ($MN)
• Table 67 South America Glycerol Market Outlook, By Refined Glycerol (2024-2032) ($MN)
• Table 68 South America Glycerol Market Outlook, By Crude Glycerol (2024-2032) ($MN)
• Table 69 South America Glycerol Market Outlook, By Source (2024-2032) ($MN)
• Table 70 South America Glycerol Market Outlook, By Biodiesel (2024-2032) ($MN)
• Table 71 South America Glycerol Market Outlook, By Fatty Alcohols (2024-2032) ($MN)
• Table 72 South America Glycerol Market Outlook, By Fatty Acids (2024-2032) ($MN)
• Table 73 South America Glycerol Market Outlook, By Soap Industry (2024-2032) ($MN)
• Table 74 South America Glycerol Market Outlook, By Application (2024-2032) ($MN)
• Table 75 South America Glycerol Market Outlook, By Food & Beverages (2024-2032) ($MN)
• Table 76 South America Glycerol Market Outlook, By Alkyd Resins (2024-2032) ($MN)
• Table 77 South America Glycerol Market Outlook, By Polyether Polyols (2024-2032) ($MN)
• Table 78 South America Glycerol Market Outlook, By Tobacco Humectants (2024-2032) ($MN)
• Table 79 South America Glycerol Market Outlook, By Personal Care & Pharmaceuticals (2024-2032) ($MN)
• Table 80 South America Glycerol Market Outlook, By Other Applications (2024-2032) ($MN)
• Table 81 Middle East & Africa Glycerol Market Outlook, By Country (2024-2032) ($MN)
• Table 82 Middle East & Africa Glycerol Market Outlook, By Product (2024-2032) ($MN)
• Table 83 Middle East & Africa Glycerol Market Outlook, By Refined Glycerol (2024-2032) ($MN)
• Table 84 Middle East & Africa Glycerol Market Outlook, By Crude Glycerol (2024-2032) ($MN)
• Table 85 Middle East & Africa Glycerol Market Outlook, By Source (2024-2032) ($MN)
• Table 86 Middle East & Africa Glycerol Market Outlook, By Biodiesel (2024-2032) ($MN)
• Table 87 Middle East & Africa Glycerol Market Outlook, By Fatty Alcohols (2024-2032) ($MN)
• Table 88 Middle East & Africa Glycerol Market Outlook, By Fatty Acids (2024-2032) ($MN)
• Table 89 Middle East & Africa Glycerol Market Outlook, By Soap Industry (2024-2032) ($MN)
• Table 90 Middle East & Africa Glycerol Market Outlook, By Application (2024-2032) ($MN)
• Table 91 Middle East & Africa Glycerol Market Outlook, By Food & Beverages (2024-2032) ($MN)
• Table 92 Middle East & Africa Glycerol Market Outlook, By Alkyd Resins (2024-2032) ($MN)
• Table 93 Middle East & Africa Glycerol Market Outlook, By Polyether Polyols (2024-2032) ($MN)
• Table 94 Middle East & Africa Glycerol Market Outlook, By Tobacco Humectants (2024-2032) ($MN)
• Table 95 Middle East & Africa Glycerol Market Outlook, By Personal Care & Pharmaceuticals (2024-2032) ($MN)
• Table 96 Middle East & Africa Glycerol Market Outlook, By Other Applications (2024-2032) ($MN)

According to Stratistics MRC, the Global Glycerol Market is accounted for $5.46 billion in 2025 and is expected to reach $7.14 billion by 2032 growing at a CAGR of 3.90% during the forecast period. Glycerol, sometimes referred to as glycerin or glycerine, is a straightforward polyol that finds extensive application in the food, cosmetic, and pharmaceutical sectors. It is a sweet-tasting, colorless, odorless, and viscous liquid that dissolves readily in water. Usually, plant and animal fats are used to make glycerol when soap or biodiesel is being made. It is essential for preserving moisture in skincare products and functions as a humectant, solvent, and preservative in various formulations. It is utilized as a laxative and in cough syrups and elixirs in the pharmaceutical industry.

According to the OECD's SIDS Initial Assessment, the worldwide glycerol market reached approximately 500,000 tonnes/year in 2000, with 227,000 tonnes produced or imported in Europe that year. It noted glycerol's ubiquitous composition in industrial, professional, and consumer products-ranging from soaps and detergents to pharmaceuticals, cosmetics, food, and paints.

Market Dynamics:

Driver:

Increasing demand for cosmetics and personal care products

Glycerol's humectant, skin-soothing, and moisturizing qualities make it an essential component of the personal care and cosmetics industries. It is widely utilized in many different skincare and hygiene products, such as shaving gels, lotions, creams, soaps, shampoos, and toothpaste. Glycerol's popularity has significantly increased as consumers' concerns about their health have grown and they are gravitating toward natural, sustainable ingredients in their cosmetics. High-quality, multipurpose ingredients like glycerol are in high demand due to the growth in disposable income in developing nations and the popularity of online cosmetic retail. Furthermore, manufacturers have been compelled to use glycerol derived from plant sources due to the growing demand for vegan and cruelty-free products, highlighting its significance in the value chain of cosmetics.

Restraint:

Expensive purification and refining for technical and pharmaceutical grades

Crude glycerol is widely available and reasonably priced, but expensive refining procedures are needed to transform it into high-purity forms fit for use in food, medicine, or cosmetics. These processes, which call for energy-intensive equipment and stringent quality control, include vacuum evaporation, neutralization, bleaching, and distillation. The high-margin glycerol market segments may be inaccessible to small and mid-sized manufacturers due to these capital and operating costs. Additionally, the management and disposal of waste from refining processes adds to the operational burden as environmental regulations increase. Particularly in developing nations, this restricts scalability and serves as a barrier to market entry.

Opportunity:

Growing interest in green alternatives and bio-based chemicals

As a renewable, bio-based substitute for chemicals derived from petroleum, glycerol is seeing tremendous growth as a result of the global movement toward sustainability. Eco-friendly feedstocks are being used by industries like plastics, resins, solvents, and lubricants as a result of growing regulatory pressure to lessen carbon footprints and reliance on fossil fuels. Because it is non-toxic, biodegradable, and readily available from the production of biodiesel, glycerol is a perfect starting point for creating environmentally friendly compounds. Its transformation into derivatives with added value, such as propylene glycol, acrolein, and glycerol carbonate, is becoming more popular in the chemical industry. Moreover, the demand for glycerol as a platform chemical is anticipated to increase in the upcoming years due to government and corporate investments in sustainable supply chains.

Threat:

Market oversaturation and extended overstock

Global oversupply, which is mostly caused by the biodiesel sector, is one of the most enduring threats to the glycerol market. Since glycerol is a byproduct of the production of biodiesel, any significant increase in the production of biofuels leads to the introduction of excess crude glycerol into the market. Particularly for refined and pharmaceutical-grade glycerol, this overabundance of supply continues to exceed demand, which drives down prices and reduces producer profitability. Sometimes the market is so oversupplied that crude glycerol is burned or used for low-value products like fuel or animal feed. Additionally, this saturation may present long-term operational and financial risks for manufacturers if strategic measures are not taken to diversify their end markets or create high-value downstream uses.

Covid-19 Impact:

The COVID-19 pandemic affected the glycerol market in a variety of ways. In the pharmaceutical, personal care, and hygiene product industries, where glycerol is a crucial component of hand sanitizers, disinfectants, cough syrups, and skincare products, demand increased. Sales and production in these segments were momentarily increased as a result. However, shortages of raw materials and price swings resulted from disruptions in the global supply chain, such as transportation restrictions and the temporary closure of biodiesel plants, which are significant sources of crude glycerol. Additionally, demand in industries like paints, resins, and a construction chemical was impacted by the decreased industrial activity during lockdowns. Despite these obstacles, the market was stabilized by glycerol's crucial role in health and hygiene products, and it is currently expected to grow steadily after the pandemic.

The refined glycerol segment is expected to be the largest during the forecast period

The refined glycerol segment is expected to account for the largest market share during the forecast period. Its extensive use in high-value sectors like food and beverage, personal care, cosmetics, and pharmaceuticals-where consistency and purity are crucial-is what propels its dominance. Refined glycerol is suitable for sensitive formulations because it is subjected to rigorous purification procedures to eliminate impurities like methanol, salts, and water. It normally has a purity of 95% or higher. Its well-known safety record and endorsements from important regulatory agencies like the FDA and EFSA increase demand for it even more. Furthermore, the need for premium, refined glycerol is increasing as end-use industries spread throughout the world, especially in developing nations, which strengthens its market-leading position.

The biodiesel segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the biodiesel segment is predicted to witness the highest growth rate. Glycerol is a significant by-product of the transesterification process used to make biodiesel; approximately 10% of the biodiesel produced is crude glycerol. The production of biodiesel is increasing dramatically as governments around the world encourage the use of renewable fuels to lower carbon emissions-through mandates, subsidies, and blending targets-particularly in Southeast Asia, Brazil, Europe, and the United States. In addition to increasing the supply of glycerol, this expansion spurs technological advancements in its recovery and purification. Moreover, it is anticipated that the expanding biodiesel sector will achieve the fastest growth rate in the glycerol market owing to the circular economy model and global sustainability goals.

Region with largest share:

During the forecast period, the Asia-Pacific region is expected to hold the largest market share, driven by its extensive production and use in important sectors like biodiesel, food and beverage, pharmaceuticals, and personal care. The world's supply of crude and refined glycerol is dominated by major producers such as China, Malaysia, and Indonesia, in large part because of their plentiful supply of palm oil and other vegetable oils used as feedstock. High domestic demand for glycerol-based products is also a result of the region's rapidly expanding industrial base, rising disposable incomes, and rapidly growing population. Additionally, glycerol production is further increased by robust government support for biodiesel blending initiatives in nations like Indonesia and India, securing Asia-Pacific's dominance in terms of production volume and market share.

Region with highest CAGR:

Over the forecast period, the Middle East & Africa region is anticipated to exhibit the highest CAGR, driven by growing investments in the production of biodiesel, the growth of the pharmaceutical and personal care industries, and an increased emphasis on industrial diversification. To lessen their dependency on petrochemicals and increase sustainability, nations like Saudi Arabia, the United Arab Emirates, and South Africa are progressively improving their bio-based chemical capabilities. The demand for glycerol in consumer goods, medications, and hygiene products is also being boosted by the region's expanding population, urbanization, and advancing healthcare infrastructure. Furthermore, glycerol consumption and industrial integration in the Middle East and Africa are expected to rise quickly due to favorable government regulations and new local manufacturing projects.

Key players in the market

Some of the key players in Glycerol Market include BASF SE, Cargill, Incorporated, Procter & Gamble Company, Dow Chemicals Inc, Wilmar International Ltd, KLK OLEO (KL-Kepong Oleomas), Oleon NV, Archer Daniels Midland (ADM), Kao Corporation, Godrej Industries Limited, Solvay SA, Emery Oleochemicals and Sakamoto Yakuhin Kogyo Co.Ltd.

Key Developments:

In May 2025, Cargill Inc reached a settlement with fast-food giant McDonald's Corp. over its antitrust claims, which alleged price fixing by beef suppliers. The announcement stems from a lawsuit McDonald's filed in October 2024 against leading meatpackers Cargill, JBS, Swift Beef Co., National Beef Packing Co. and Tyson Foods claiming that they conspired to fix beef prices at artificially high levels by limiting beef supplies starting as early as 2015 through the time of the filing, in violation of the Sherman Act.

In December 2024, BASF and INOCAS S.A. signed a long-term supplier finance agreement, including offtake of Macauba Kernel Oil and Macauba Pulp Oil, an R&D project and options to acquire equity shares in INOCAS in future. The partnership includes financing of INOCAS' plans to significantly expand the Macauba oil production in Brazil on an industrial scale, strengthening the country's position in the bioeconomy.

In May 2024, Dow announced a capacity expansion from its minority equity investment in SAS Chemicals GmbH, a German-based specialty chemical producer of sealants and components used in insulating glass manufacturing, to create a more holistic facade offering. For over five decades, silicone insulating glass sealants from Dow have been used in various commercial structural glazing applications, providing superior UV resistance and structural capability, as well as inspiring designers to create unique architectural possibilities for glass facades.

Product Types Covered:

• Refined Glycerol
• Crude Glycerol

Sources Covered:

• Biodiesel
• Fatty Alcohols
• Fatty Acids
• Soap Industry

Applications Covered:

• Food & Beverages
• Alkyd Resins
• Polyether Polyols
• Tobacco Humectants
• Personal Care & Pharmaceuticals
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Glycerol Market, By Product

• 5.1 Introduction
• 5.2 Refined Glycerol
• 5.3 Crude Glycerol

6 Global Glycerol Market, By Source

• 6.1 Introduction
• 6.2 Biodiesel
• 6.3 Fatty Alcohols
• 6.4 Fatty Acids
• 6.5 Soap Industry

7 Global Glycerol Market, By Application

• 7.1 Introduction
• 7.2 Food & Beverages
• 7.3 Alkyd Resins
• 7.4 Polyether Polyols
• 7.5 Tobacco Humectants
• 7.6 Personal Care & Pharmaceuticals
• 7.7 Other Applications

8 Global Glycerol Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Cargill, Incorporated
• 10.3 Procter & Gamble Company
• 10.4 Dow Chemicals Inc
• 10.5 Wilmar International Ltd.
• 10.6 KLK OLEO (KL-Kepong Oleomas)
• 10.7 Oleon NV
• 10.8 Archer Daniels Midland (ADM)
• 10.9 Kao Corporation
• 10.10 Godrej Industries Limited
• 10.11 Solvay SA
• 10.12 Emery Oleochemicals
• 10.13 Sakamoto Yakuhin Kogyo Co.Ltd.