Categories
News Press Release US Markets

Glycerine Market Share, Types, Opportunity, Growth Factors and Research Strategy by Top Key Players 2020 to 2026

The Global Glycerine Market is set to gain traction from the increasing demand for bio-based fuels, such as biodiesel backed by rapid industrialization and urbanization. This information is given by Fortune Business Insights™ in a new report, titled, “Glycerine Market Size, Share & Industry Analysis, By Grade (USP Grade, and Technical Grade), By Application (Personal Care, Food & Beverages, Pharmaceuticals, Polyether Polyols, Chemical Intermediate, Tobacco, and Others), and Regional Forecast, 2020-2027.” The report further states that the glycerine market size was USD 1,622.8 million in 2019 and is projected to reach USD 2,405.5 million by 2027, exhibiting a CAGR of 5.2% during the forecast period.

Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/glycerine-market-102168

A List Of All The Renowned Glycerine Producers Operating In The Global Market:-

  • Wilmar International (Singapore)
  • Emery Oleochemicals (Malaysia)
  • IOI Group (Malaysia)
  • KLK OLEO (Malaysia)
  • Croda International (UK)
  • Kao Corporation (Japan)
  • Cargill Inc. (USA)
  • Godrej Industries (India)
  • P&G Chemicals (USA)
  • Cremer Oleo GmbH & Co. Kg (Germany)
  • Groupe Avril (France)
  • GLACONCHEMIE (Germany)
  • Granol (Brazil)
  • Timur Oleochemicals (Malaysia)
  • Sakamoto Yakuhin Kogyo Co., Ltd. (Japan)

Drivers & Restraints-

Rising Adoption of Natural & Organic Ingredients by Cosmetics Firms to Aid Growth

The rising inclination of consumers towards natural personal care and cosmetics products is set to propel the glycerine market growth in the coming years. This is mainly occurring because of the increasing awareness programs among the masses regarding the harmful effects of chemical ingredients. Hence, multiple reputed cosmetic manufacturers, such as L’Oréal, P&G, Unilever, and Johnson & Johnson are extensively using natural and organic ingredients to cater to the high demand. However, as glycerine is obtained during the biodiesel manufacturing process as a by-product, refiners are facing challenges in terms of profit margins and production owing to the fluctuations in prices. It may hinder growth.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/glycerine-market-102168

 Key Questions Answered:

  • Why Choose Fortune Business Insights?
  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?

Segment-

Personal Care Segment to Generate Largest Share Backed by Usage in Toothpaste & Soaps

Based on application, the personal care segment generated 26.7% in terms of glycerine market share in 2019. This growth is attributable to the increasing usage of glycerine in the production of shaving cream, toothpaste, soaps, hair care, and skincare products. The segment is anticipated to procure the largest share throughout the forthcoming years stoked by the ability of the product to provide conditioning and reduced viscosity.

Regional Analysis-

Expansion of Personal Care Industry to Propel Growth in Asia Pacific

Geographically, Asia Pacific held USD 733.0 billion in terms of revenue on account of the presence of some of the top companies in Japan, India, Indonesia, and Malaysia. China is set to dominate the regional market because of the expansion of the chemical, food, and personal care industry in the country. The USP grade segment accounted for 49.5% share in China.

Europe, on the other hand, is a key producer of glycerol and biodiesel worldwide. The rising production of biodiesel stoked by the increasing demand from various European countries would accelerate growth. Besides, the high demand for glycerine from the personal care and chemical industries in the U.S. will drive growth in North America.

Competitive Landscape-

  • July 2020: Versalis, a wholly owned subsidiary of Eni started producing a new range of liquid hand disinfectant to meet the rising demand amid the COVID-19 pandemic. It will be marketed under the name ‘Invix.’ It was developed on the basis of the World Health Organization’s formulation. It contains glycerine as an emollient.
  • September 2019: Emery Oleochemicals announced its investment in its Technical Development Center (TDC) in Germany to cater to the increasing demand. Every product is tested here. Also, the beneficial effect of additives is improved and adjusted. This new investment will strengthen the company’s position in the market.

Browse Detailed Summary of Research Report With TOC:

https://www.fortunebusinessinsights.com/glycerine-market-102168

COVID-19 Pandemic: Rising Demand for Hand Sanitizers to Accelerate Growth

The emergence of the COVID-19 pandemic has surged the demand for hand sanitizers exponentially. Glycerin is mainly used in small proportions to manufacture hand rubs and sanitizers. The World Health Organization (WHO), for instance, released its ethanol-based hand rub formulation containing 1.45% glycerol to protect healthcare workers’ skin against dermatitis and dryness. We are providing in-depth reports to help you better understand the current situation.

About Us:-

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:-

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.