MRRSE has announced the addition of the “Global Market Study on Glycerin: Asia Pacific Expected to Emerge as the Most Attractive Market by 2024” report to their offering.

1. Glycerin Market to 2024: Trends, Business Strategies and
Opportunities with Key Players Analysis
Report Description
Glycerin, also referred to as glycerol or 1,2,3-propanetriol, is
a polyhydric alcohol and part of triglycerides mainly found in
vegetable and animal oil. Glycerin is derived either from

2. natural resources or from petroleum feedstock. It is a
byproduct generated during the manufacturing of biodiesel
and soap. Some of the prominent applications of Glycerin
include its use for moisture retention or as humectant in
personal care. It is also used in medical formulations and
industrial chemical manufacturing. In volume terms, global
consumption of glycerin is expected to stand at 3,859 KT by
the end of 2016. The global glycerin market is expected to
register a volume CAGR of 4.0% over the forecast period
(2016–2024). Increasing use of glycerin in personal care
products is expected to lead to an increase in global glycerin
consumption over the forecast period.

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Market dynamics
An increasing production of biodiesel and the regulations
related to it; rising efforts towards the development of novel
applications; and a growing preference and demand for bio-
renewable chemicals are factors that are likely to boost the
growth of the global glycerin market over the forecast
period. However, fluctuations in supply as well as availability
of substitutes is likely to hinder growth of the global glycerin
market over the forecast period.

4. Market forecast by segmentation
The global glycerin market is segmented on the basis of
Grade (Crude Glycerin, Refined Glycerin), Source (Biodiesel,
Soap, Fatty Acid & Fatty Alcohol, Others), and Application
(Pharmaceuticals, Food & Beverage, Alkyd Resins, Personal
Care, Industrial Chemicals, Polyether Polyols, Tobacco,
Others). The global sales revenue of the Refined Glycerin
segment is projected to register a CAGR of 5.7% during the
forecast period while the global sales revenue of the Crude
Glycerin segment is expected to increase at a CAGR of 4.6%
during the forecast period. The Refined Glycerin segment is
likely to emerge as the most attractive segment in the global
glycerin market by the end of the forecast period.

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The Biodiesel segment is estimated to account for 60.7%
market share in terms of value by 2016 end and is expected
to exhibit significant growth over the forecast period. The
Fatty Acid & Fatty Alcohol segment is projected to expand at
a CAGR of 5.5% during the forecast period.
The Personal Care segment is estimated to account for 30.4%
market share in terms of value by the end of 2016 and is
expected to exhibit significant growth over the forecast
period. The Food & Beverage segment is projected to expand
at a CAGR of 5.5% during the forecast period.

6. Key markets
The global glycerin market is segmented into the five key
regions of North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa. The Asia Pacific market is
estimated to account for 40.0% value share in the global
glycerin market by the end of 2016 and is projected to
exhibit the highest growth rate during the forecast period as
compared to the other regions. Sales revenue of glycerin in
North America and Europe is projected to expand at CAGRs
of 4.9% and 4.5% respectively during the forecast period.

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Leading market players
Croda International Plc, Kuala Lumpur Kepong Berhad, Archer
Daniels Midland Company, Procter & Gamble Chemicals, Kao
Corporation, The Dow Chemical Company, Godrej Industries
Ltd., Emery Oleochemicals, and Sakamoto Yakuhin kogyo Co.
Ltd. are the leading companies currently dominating the
global glycerin market. Over the past five years, there has
been an increasing number of consolidations in the glycerin
production industry. This is primarily attributed to efforts
among companies towards meeting the increasing demand for

8. glycerin and gaining access to high-growth markets of Asia
Pacific as well as to strengthen their foothold in regions such
as Europe and North America. Glycerin producers are
focusing on the development of cost-effective procedures for
refining crude glycerin to obtain refined grades such as
technical grade and United States Pharmacopeia (USP)
glycerin grade, which are value-added products.
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