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Glycerol Market Analysis Report By Source, By Type, By End Use, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17613293  |  Published: June 2021  |  No of Pages: 115
Format: Electronic (PDF)  |  Industry: Chemicals


With reference to the report published, the global glycerol market was prized by USD 2.6 billion in 2019. It is estimated to witness a 4.0% CAGR, from 2020 to 2027.


The enlargement of the market for Glycerol is expected to be forced by its rising demand from nutraceuticals, food, and, pharmaceutical manufacturing sector. The product is broadly being utilized in a number of foodstuffs comprising bakery, processed meat, and condensed milk, products.

Glycerol is commercially acquired like a derivative in the procedure of biodiesel manufacturing. Some nations, together with Indonesia, the U.S., Germany, and South Korea, have forced biodiesel permission, to be precise addition of a definite fraction of biodiesel in usual fuel.


Globally, rising demand for biodiesel is anticipated to propel its manufacture. Sequentially, this is expected to generate a continuous delivery of raw material for the manufacture of glycerol.

The basic variety of the product, acquired at some stage in biodiesel manufacture, hold contaminations, those are removed by means of cleansing procedures like adsorption, chemical treatment, extraction, filtration, and distillation. These methods can be utilized in the grouping, to attain extreme cleanliness of the products.

Due to the flexibility of the procedure to match the changeable character of basic as well as refined products, low down prices of the chemicals, distillation is a normally accomplished procedure to attain the filtered products.


On the other hand, the refinement of basic glycerol is a power exhaustive procedure, owing to the excessive-high temperature capability of the products, which initiates a necessity of greater energy involvement. Therefore, the manufacturing companies are moving to another lesser energy consuming as well as small investment demanding, distillation method.

Application Insight

The personal care & cosmetics sector held a 36.0% revenue share, in 2019, of the market for Glycerol. The product is extensively utilized in numerous cosmetics as well as personal care formulations, for example, body wash, shampoos, toothpaste, hair conditioners, and moisturizer.

It assists to make skin smooth by means of passing on the dampness to the exterior of the skin, in moisturizing creams. In addition to this, it is included in eye drops and shaving creams also. The product is accepted for exercise in the skincare goods and is synchronized as GRAS by U.S. FDA., in the U.S.A.

It is consumed in a number of confectioneries, along with canned, processed, and functional food items plus dairy products. After including it in the food formulations, the product performs like humectants, thickeners, and sweeteners. As a food preservative, glycerol is Generally Recognized As Safe (GRAS) through the U.S. Food and Drug Administration (FDA).

Type Insight

In 2019, the refined glycerol section held roughly 65.1% revenue share of the market. It is expected to uphold its domination in the market, during the forecast period. It is utilized in a number of functions like cosmetics, food & beverage, nutraceuticals, and pharmaceuticals. Purified glycerol commercially exists in a variety of grades, for example, cosmetics, pharmaceuticals, and food.

The class and purity of the product rely on the end-user function. For example, the product consumed in the pharmacological formulation has to be of 99.0% purity rank. To fulfill the standards of quality and purity for the pharmaceutical, and food function, the refinement procedure is measured to be a necessary factor.

The unprocessed glycerol offers an enormous opening for innovative uses like for the manufacture of 1, 3-propanediol, citric acid, and Docosahexaenoic acid plus animal feedstuff. The product, similar to the animal feedstuff element has vast prospective for the interchanging corn in food intake and is achieving recognition.

On the other hand, the existence of dangerous impurities in unrefined glycerol is likely to demonstrate a key restriction for its utilization. But, the contaminations existing in the unprocessed products can deeply distress the transfer of it into additional goods.

Source Insight

In 2019, the biodiesel source section held a major, more than 59.1% revenue share of the market for Glycerol. Even though it is resulting from artificial plus the natural procedure, the increasing customer alertness regarding the utilization of organically obtained products together with the greater demand for biodiesel as a fuel for the transportation business has prepared it one of the important resources of the product, during the current times. It is acquired in the transesterification process, whilst resourcing for biodiesel.

Moreover, it can be acquired by means of hydrolysis of fats and oils in addition to the saponification procedure. The saponification procedure is the origin of the business soap manufacture procedure and generates glycerol to roughly 10.0% of the price of the soap produced, but the biodiesel manufacture generates almost 60.0% to 70.0%.

Regional Insight

In 2019, Asia Pacific held a 21.7% revenue share of the global market for Glycerol and is anticipated to be the highest rising state by revenue centric 4.2% CAGR, during the forecast period.

This can be credited to the rising acceptance of healthful standard of living, augmented buyer expenditure, and growth of end-user industries like cosmetics, pharmaceutical, personal care, and nutraceuticals.

Because of the increased manufacture of epichlorohydrin, nations similar to India and China are expected to observe an escalation in glycerol utilization. Because of the rising acceptance of cosmetic and pharmaceutical products, containing glycerol, the global requirement for the product will undergo considerable enlargement.


In 2019, due to the increased demand from food & beverages, personal care, and pharmaceuticals manufacturing, Europe held more than 28.9% quantity share of the global market for Glycerol. The province is one of the key markets for nutraceuticals and pharmaceutical products. Therefore, a major demand for the product is witnessed from these subdivisions, within the region.

On the other hand, the state is rigorously impacted by the COVID-19 eruption. The U.K. and Italy are the most horribly attacked nations, consequently, causing the shutdown of a number of manufacturing units of various companies. This is estimated to harshly influence the supply chain of glycerol, by this means, unfavorably affecting the progress of the market, within the region.

Furthermore, low down manufacture of biodiesel together with sluggish imports of raw materials has caused scarcity of the glycerol, sequentially, that has affected the actual prices for the product.


By means of the domination of deep-rooted companies, which are working in this market for a long duration, the market for Glycerol is significantly disjointed.

These companies are concentrating on the investment policies, acquisition, and expansion of the business, to increase the range of their products and fulfill the rising demand from the end-user markets.

Some of the companies for Glycerol Market are:

    • KLK Oleo
    • Kao Corporation
    • Cargill, Incorporated
    • Oleon N.V.
    • BASF SE

Report Scope

Report Attribute


The market size value in 2020

USD 3.0 billion

The revenue forecast in 2027

USD 3.5 billion

Growth Rate

CAGR of 4.0% from 2020 to 2027

The base year for estimation


Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Volume in kilotons, revenue in USD million, and CAGR from 2020 to 2027

Report coverage  

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Source, type, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Netherlands; Russia; China; India; Japan; South Korea; Brazil; Argentina; South Africa; Saudi Arabia

Key companies profiled

Cargill, Incorporated; BASF SE; Kao Corporation; Oleon N.V.; KLK Oleo

Customization scope

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2020 to 2027. For the purpose of this study, Million Insights has segmented the global glycerol market report on the basis of source, type, end-use, and region:

• Source Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Biodiesel
    • Fatty Alcohol
    • Fatty Acids
    • Soap

• Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Crude
    • Refined

• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • Food & Beverage
    • Pharmaceutical
    • Nutraceutical
    • Personal Care & Cosmetics
    • Industrial
    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Netherlands
        • Russia
    • The Asia Pacific
        • China
        • India
        • Japan
        • South Korea
    • Central & South America
        • Brazil
        • Argentina
    • Middle East & Africa
        • South Africa
        • Saudi Arabia

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